[akim89]

I plan on going to the dealer this weekend to factory order a 230i M-sport. I was wondering if a larger down payment maybe 50%-60% (not sure if that's large but it seems a lot to me lol) would help on getting a better deal? Hopefully 3-4% under MSRP? Or has anyone received any discounts $1000+ given the current situation?

Thanks!

[CTGT2005]

Good luck and no. Lucky if you come out at MSRP.

[beamer-dreamer]

significant down payment won't likely help you.. many dealers are requiring non-refundable deposits ...

the only thing in your favor is you're not looking for an M240i, as there isn't one of those anywhere within 100 miles of me.. but there is 30+ 230is in the same area.. so there may be some negotiation for those.. but you loose that leverage by ordering one.

a dealership will always rather negotiate on a car that's on the lot.. VS giving up an allocation

[Bulldog 6]

The dealer can let you know if there are any BMW incentives. In DEC the 230i had $2K off. There are $500-$2000 discounts for military active/veteran depending on model, and $1000 off for college graduates within 24 months of graduation. There was a BMW car club discount in the past as well.

[SupraCooper]

Originally Posted by Bulldog 6

The dealer can let you know if there are any BMW incentives. In DEC the 230i had $2K off. There are $500-$2000 discounts for military active/veteran depending on model, and $1000 off for college graduates within 24 months of graduation. There was a BMW car club discount in the past as well.

Bulldog is correct. Financing with bmw fs won't get you a better rate for the more you put down. However, with some banks and credit unions the more money you put down, the better interest rate you can get. The only rebates are college grad, bmw loyalty and military

[ZacMatic]

Originally Posted by akim89

I plan on going to the dealer this weekend to factory order a 230i M-sport. I was wondering if a larger down payment maybe 50%-60% (not sure if that's large but it seems a lot to me lol) would help on getting a better deal? Hopefully 3-4% under MSRP? Or has anyone received any discounts $1000+ given the current situation?

Thanks!

Negotiating the selling price of the car is not related to how you plan to pay for the car. Even if you were planning to lease, you should still pursue the same discounts on the price. That said, dealers expect that you'll be financing (which makes them some extra money), so if you say from the beginning that you're paying cash, you will be giving up some negotiating power.

To answer your question, no, making a bigger down payment will not help you get a better deal because paying more upfront doesn't provide any benefit to the dealer.

[CTGT2005]

Not saying this will work for you, but when I bought my Honda I also bought the extended warranty. They sold me the warranty at cost, but allocated purchase price to at MSRP for warranty as they make more on it than car. Later cancelled warranty and got full refund on the amount they allocated. Wasn't my plan but happened to work out in my favor about $1300 savings.

[EM3RLD]

I am assuming when you think about down payment, you are planning to finance. If so, I would suggest you put down with a goal to get a lower monthly payment.

If you are trading in,the first thing you want to negotiate is the price of the car you are trading in. Don't even talk about putting any money down until you get the max value out of your own car you are trading in.

If you are not trading in, I would suggest you negotiate the price of the car first before even talking about money down. If you need to then start by saying that you don't want to put any down. Bring the monthly as low as you can. And then determine if you want to put money down.

Now if you plan on leasing, (my CA) told me this, you should NOT put money down. Because, when you do, just to bring down your monthly payment, the moment you return the lease for another car, you have to be prepared to put money down again. Better you put nothing down and have a higher monthly so when you end the lease and get a new one, all you have to do is find a different car with a similar monthly payment.

That's what I've learned and what I would suggest.

[G42NYC]

Not really. As a former car salesman, some advice, you generally put the least amount down as possible and opt for GAP coverage. thats assuming you get an aggressive interest rate. The max I would put down is just my taxes. I put down 2500 total out of pocket when I leased my 22 M240i. I still got 1500 off MSRP.

[shaman420]

Originally Posted by G42NYC

Not really. As a former car salesman, some advice, you generally put the least amount down as possible and opt for GAP coverage. thats assuming you get an aggressive interest rate. The max I would put down is just my taxes. I put down 2500 total out of pocket when I leased my 22 M240i. I still got 1500 off MSRP.

If you put the least amount down then the payment will be pretty high. I feel most ppl would want to put some down to get a lower payment especially if you are buying and not leasing.

[eli371]

likely won't help other than reducing your overall interest and monthly payment

[SpeedyATL]

Never put money down on a lease. All you are doing is artificially buying the payment down. If the car gets totaled, that money is gone.

With respect to pricing, there is a broker on leasehackr that lists 2% off for 230 coupes. Which to me means that with a little of your own leg work, you can do a little better and avoid the broker fee.

Link to their current deals: https://docs.google.com/spreadsheets...#gid=397365649

I don't see down payment ever having an impact on selling price. Certainly on payment, but not the agreed selling/buying price.