E90Post
 


European Auto Source
 
BMW 3-Series (E90 E92) Forum > E90/E92/E93 Marketplace (For Sale / Trade / Wanted) > Private Owners For Sale / Trade / Wanted > Cars for Sale > e92 M3 Deposit



Reply
 
Thread Tools Search this Thread
      04-18-2007, 12:23 PM   #1
Nitz99
Private First Class
Nitz99's Avatar
United_States
4
Rep
137
Posts

 
Drives: 2013 AW F30 335i Sport
Join Date: Sep 2006
Location: nyc

iTrader: (1)

Send a message via AIM to Nitz99
e92 M3 Deposit

BIMMERPOST / Classifieds
Asking Price:
None
Item Interest
What's up everyone...

About 2 years ago I placed a $1000 deposit on the e92 M3 at a dealership in my area. At the time I owned a 2001 e46 M3 and was anxiously awaiting the arrival of the next generation M. Since then a lot has changed... my 2001 M was out of it's warranty and I wanted something new that was a bit cheaper but not much of a compromise. After selling my M3 I purchased an e92 335i which I have had for about 6 months now. I still have the deposit on the e92 M3 which is $1000 towards this car and also guarentees me the 3rd e92 M3 that this particular dealer receives. I will not be looking to purchase this car when it comes out so I want to sell my spot in line. I have all of the paper work from the dealership along with a copy of the check I made out to BMW. This is a non-refundable deposit so the dealership cannot pass me up to give it to the next person who wants to pay more. I had my sales associate clearly label the paperwork that this will be the 3rd allocation of the next generation M3 at this dealership and that it will be sold for MSRP. I already spoke with my sales associate (who I purchased my e46 M3 and e92 335i from) about transferring the deposit into another name and he said this is not a problem. Please PM me with an offer if you are interested. If you would like to PM me for more details (location and dealership name) I will be glad to speak with you about that as well. Keep in mind that this $1000 deposit will be $1000 towards the car at the time of purchase.

Appreciate 0
      04-19-2007, 03:22 PM   #2
ase2dais
//Mdicted
ase2dais's Avatar
United_States
126
Rep
9,874
Posts

 
Drives: a Cop Magnet
Join Date: Sep 2005
Location: 495 Ring

iTrader: (17)

Garage List
wow! thats a good return if you ever get someone to buy your spot.
KaChing!
Appreciate 0
      04-19-2007, 03:39 PM   #3
M3onTwomps
First Lieutenant
Iraq
3
Rep
319
Posts

 
Drives: '02 E46 M3
Join Date: Oct 2006
Location: The Sandbox

iTrader: (0)

Quote:
Originally Posted by ase2dais View Post
wow! thats a good return if you ever get someone to buy your spot.
KaChing!
Huh? How is that any sort of return?
Appreciate 0
      04-19-2007, 05:24 PM   #4
Robert
Major General
116
Rep
6,902
Posts

 
Drives: 135i, current is350
Join Date: Aug 2005
Location: Socal

iTrader: (1)

Quote:
Originally Posted by M3onTwomps View Post
Huh? How is that any sort of return?
As time get closer to official US launch date people often sell their spot at a premium.
Appreciate 0
      04-19-2007, 05:50 PM   #5
Smoltz
Lieutenant
5
Rep
464
Posts

 
Drives: 04 Challenge Stradale + 02 M3
Join Date: Oct 2006
Location: Live Free or Die

iTrader: (0)

Quote:
Originally Posted by Nitz99 View Post
What's up everyone...

About 2 years ago I placed a $1000 deposit on the e92 M3 at a dealership in my area. At the time I owned a 2001 e46 M3 and was anxiously awaiting the arrival of the next generation M. Since then a lot has changed... my 2001 M was out of it's warranty and I wanted something new that was a bit cheaper but not much of a compromise. After selling my M3 I purchased an e92 335i which I have had for about 6 months now. I still have the deposit on the e92 M3 which is $1000 towards this car and also guarentees me the 3rd e92 M3 that this particular dealer receives. I will not be looking to purchase this car when it comes out so I want to sell my spot in line. I have all of the paper work from the dealership along with a copy of the check I made out to BMW. This is a non-refundable deposit so the dealership cannot pass me up to give it to the next person who wants to pay more. I had my sales associate clearly label the paperwork that this will be the 3rd allocation of the next generation M3 at this dealership and that it will be sold for MSRP. I already spoke with my sales associate (who I purchased my e46 M3 and e92 335i from) about transferring the deposit into another name and he said this is not a problem. Please PM me with an offer if you are interested. If you would like to PM me for more details (location and dealership name) I will be glad to speak with you about that as well. Keep in mind that this $1000 deposit will be $1000 towards the car at the time of purchase.
Since it appears that you are trying to turn a profit, this should be posted in the classifieds and not in the general forum.

-Adam
Appreciate 0
      04-19-2007, 06:31 PM   #6
ase2dais
//Mdicted
ase2dais's Avatar
United_States
126
Rep
9,874
Posts

 
Drives: a Cop Magnet
Join Date: Sep 2005
Location: 495 Ring

iTrader: (17)

Garage List
Quote:
Originally Posted by M3onTwomps View Post
Huh? How is that any sort of return?
well, let say you had put that same deposit twds a CD, savings, or Stock, What kind of % interest return would you get a year?

Now, how much you can charge the new buyer, 1k, 2k or 3k ?
So, how much % interest return did you get for your 1k? 100% 200% ....

So, as I said IF you can find that someone to give you that much for your spot it would be a good return.
Appreciate 0
      04-19-2007, 06:34 PM   #7
Jason-NY
Enlisted Member
2
Rep
30
Posts

 
Drives: '01 M3
Join Date: Mar 2007
Location: NY

iTrader: (0)

Appreciate 0
      04-19-2007, 09:21 PM   #8
GregW / Oregon
Commander-In-Chief
United_States
136
Rep
7,640
Posts

 
Drives: 2015 M4 Coupe, 2012 ML350
Join Date: Nov 2005
Location: Lake Oswego, OR

iTrader: (2)

Garage List
Preorder spot sale

Quote:
Originally Posted by Nitz99 View Post
What's up everyone...
I have all of the paper work from the dealership along with a copy of the check I made out to BMW.
You made a check out to BMW? BMW AG? Preorders are taken by dealers, not BMW or BMWNA. And, since you have not yet seen anything related to the future model, they are typically refundable. Ask for your money back if you don't want the car.
__________________

Greg Lake Oswego, Oregon, USA
2015 M4 Coupe - Silverstone/Sakhir/CF
2012 ML350

Last edited by GregW / Oregon; 04-19-2007 at 09:52 PM.
Appreciate 0
      04-19-2007, 09:42 PM   #9
m_bazeepaymon
Major
19
Rep
1,075
Posts

 
Drives: 2008 E92 335i
Join Date: Sep 2006
Location: Los Angeles

iTrader: (4)

Send a message via AIM to m_bazeepaymon
Quote:
Originally Posted by GregW / Oregon View Post
You made a check out to BMW? BMW AG? Preorders ar taken by dealers, not BMW or BMWNA. And, since you have not yeat seen anything related to the future model, they are typically refundable. Ask for your money back if you don't want the car.
yea i was just about to mention that lol

I wish scott 26 was here to say
In my computers I dont see shit about ur allocation lol
__________________


ZzZzZ'er
Appreciate 0
      04-19-2007, 10:34 PM   #10
Nitz99
Private First Class
Nitz99's Avatar
United_States
4
Rep
137
Posts

 
Drives: 2013 AW F30 335i Sport
Join Date: Sep 2006
Location: nyc

iTrader: (1)

Send a message via AIM to Nitz99
Quote:
Originally Posted by GregW / Oregon View Post
You made a check out to BMW? BMW AG? Preorders are taken by dealers, not BMW or BMWNA. And, since you have not yet seen anything related to the future model, they are typically refundable. Ask for your money back if you don't want the car.
If you would like to know the specifics about who the check was made out to and the exact day I completed the transaction please PM me. The allocation is not refundable and I made sure of that at time of purchase. If it was refundable the dealership would easily be able to blow me aside by refunding my money at the time of purchase when the next person comes into the showroom and offers to pay 10K more than what I was going to pay.
Appreciate 0
      04-19-2007, 10:49 PM   #11
GregW / Oregon
Commander-In-Chief
United_States
136
Rep
7,640
Posts

 
Drives: 2015 M4 Coupe, 2012 ML350
Join Date: Nov 2005
Location: Lake Oswego, OR

iTrader: (2)

Garage List
Quote:
Originally Posted by Nitz99 View Post
If you would like to know the specifics about who the check was made out to and the exact day I completed the transaction please PM me. The allocation is not refundable and I made sure of that at time of purchase. If it was refundable the dealership would easily be able to blow me aside by refunding my money at the time of purchase when the next person comes into the showroom and offers to pay 10K more than what I was going to pay.
Sorry if that sounded like an affront. Typically, from my experience, the deposit is only refundable at the buyer's request. The logic is that the buyer has not yet seen the final product and it may not meet his expectations. Obviously, dealers can play all sorts of game by slipping people into the list. You need to buy from a dealer you have faith in. My dealer, to my knowledge (bought my first 2002 from them in 1973), has never played these games. Even sold the Z8 at list.
__________________

Greg Lake Oswego, Oregon, USA
2015 M4 Coupe - Silverstone/Sakhir/CF
2012 ML350
Appreciate 0
      04-20-2007, 01:48 AM   #12
jimlai322
Captain
jimlai322's Avatar
United_States
17
Rep
852
Posts

 
Drives: E60 535i & E90 325i
Join Date: Jun 2005
Location: Los Angeles

iTrader: (4)

Send a message via AIM to jimlai322
how about 10 grand.
__________________


2008 SG E60 535i
2006 AW E90 325i
Appreciate 0
      04-20-2007, 08:02 AM   #13
dr335is
Brigadier General
54
Rep
4,973
Posts

 
Drives: GTI
Join Date: Jul 2006
Location: Dallas, TX

iTrader: (4)

I never understood those spot #1 or #3 people...and paying premium.
Looks like the BMW took good 6 months to fix the issues on every new model out there -- why would you buy a #1 car and go through that???
I think I will wait for the 2010/2011 model...
Appreciate 0
      04-20-2007, 02:26 PM   #14
BMW F22
Major General
BMW F22's Avatar
United_States
209
Rep
8,388
Posts

 
Drives: ///M235i
Join Date: Nov 2005
Location: Around the Bay

iTrader: (8)

Quote:
Originally Posted by jimlai322 View Post
how about 10 grand.
deal
Appreciate 0
      04-20-2007, 03:14 PM   #15
MAZNG
I found Jesus...He was Hiding behiind my Sofa
MAZNG's Avatar
United_States
25
Rep
954
Posts

 
Drives: :o)
Join Date: Jun 2006
Location: 954 - SoFla

iTrader: (14)

Quote:
Originally Posted by GregW / Oregon View Post
You made a check out to BMW? BMW AG? Preorders are taken by dealers, not BMW or BMWNA. And, since you have not yet seen anything related to the future model, they are typically refundable. Ask for your money back if you don't want the car.
Exactly... Most states have laws about deposits. They are typically refundable for intangible objects (e.g. holding a "spot", not an actual car). They (dealer) will not be at a loss nor be put through any hardship as the car has not yet been released and the list of buyers will long once the car is released/ available. Good luck
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 08:56 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST