I've got an '02 e39 M5 that I bought used a couple of years ago, and my father-in-law has an '07 M5 that he special ordered, but I've never actually bought or talked to someone who bought a new non-M from a BMW dealership.
What can/should he be paying in relation to sticker or dealer cost? Seems to me like the market is soft right now, and my sense is that a 550 is tweaner car for which the demand may not be that great (although that's just a guess). Any difference if the car is already on the lot vs. a special order? And to what extent is it worth buying from the dealership where you'd take the car to be serviced?
I've bought new Accords where you simply get dealer cost from Consumer Reports, offer $500 over, and walk out with it. And I obviously shopped quite a bit for the private party deal on my M5. But didn't know if the same rules applied to standard BMWs as Hondas.
Thanks for the help.
John
What can/should he be paying in relation to sticker or dealer cost? Seems to me like the market is soft right now, and my sense is that a 550 is tweaner car for which the demand may not be that great (although that's just a guess). Any difference if the car is already on the lot vs. a special order? And to what extent is it worth buying from the dealership where you'd take the car to be serviced?
I've bought new Accords where you simply get dealer cost from Consumer Reports, offer $500 over, and walk out with it. And I obviously shopped quite a bit for the private party deal on my M5. But didn't know if the same rules applied to standard BMWs as Hondas.
Thanks for the help.
John