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buyer bids on m3, dealer refuses to honor bid

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Old Mar 23, 2008 | 11:41 PM
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buyer bids on m3, dealer refuses to honor bid

http://www.m3post.com/forums/showthr...127993&page=14

server getting hit, maybe slow!
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Old Mar 23, 2008 | 11:54 PM
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I think he will get it, man I would buy the car and sell it, net an easy 40k profit.

that dealership is screwed
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Old Mar 24, 2008 | 10:38 AM
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I read that it's getting crazy media exposure
I belive the dealership relented and is offering the car per the original ebay auction price
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Old Mar 24, 2008 | 11:32 AM
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Originally Posted by donjuan45i
I think he will get it, man I would buy the car and sell it, net an easy 40k profit.

that dealership is screwed
40k profit? Cars are being sold at sticker across the country. Who is paying 100k for an M3? The economy is falling further into a recession daily and gas prices are not 4 bucks a gallon again so I dot see cars going for over sticker for a while. Dealerships will be discounting the C63 and M3 in no time at all.
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Old Mar 24, 2008 | 12:07 PM
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Net a $40k profit? That's like trying to double the price of a quart of milk, M3's are going to be falling from the sky in no time.

I hope this kid gets the car, but only after the stealer is publicly flogged and left bleeding in the middle of the street surrounded by media.
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Old Mar 24, 2008 | 01:17 PM
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Originally Posted by CynCarvin32
40k profit? Cars are being sold at sticker across the country. Who is paying 100k for an M3? The economy is falling further into a recession daily and gas prices are not 4 bucks a gallon again so I dot see cars going for over sticker for a while. Dealerships will be discounting the C63 and M3 in no time at all.
My guess is that donjuan is referring to the well-known postings (even here on mbworld) of M3's with $30k+ dealer "market value adjustments" in areas like Beverly Hills.
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Old Mar 24, 2008 | 02:13 PM
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Originally Posted by Cylinder Head
Net a $40k profit? That's like trying to double the price of a quart of milk, M3's are going to be falling from the sky in no time.

I hope this kid gets the car, but only after the stealer is publicly flogged and left bleeding in the middle of the street surrounded by media.
+1

It would be really nice if the the sales person and manager were held accountable as well. Maybe they should apologize to the public with their resignations.

Just really bad business ethics on this BMW dealership, but then again I've seen this occur on other auto makes as well
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Old Mar 24, 2008 | 02:37 PM
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Yeah, I came across this story on another fourm. Its spreading across the web like a wildfire. When you go to Google and type "BMW M3 auction" in the search box, it's the first link listed.
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Old Mar 24, 2008 | 02:53 PM
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Best post in the thread is by a former PR exec. He states that the stealer in question clearly missed a free lunch, think about all of the great press they could have generated by saying, "Okay, we screwed up the auction, but here's your car, and make sure you tell your friends about us."
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Old Mar 24, 2008 | 03:05 PM
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The dealer is now offering to sell the OP the M3 at $60k. So according to the OP, tomorrow he will finalize the deal and take ownership of the car at the price he won the bid. Very good news.
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Old Mar 24, 2008 | 03:56 PM
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Nebraska? that might have been their M3 allocation for the year....
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Old Mar 24, 2008 | 08:59 PM
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Originally Posted by c32AMG-DTM
My guess is that donjuan is referring to the well-known postings (even here on mbworld) of M3's with $30k+ dealer "market value adjustments" in areas like Beverly Hills.
that is exactly what I am referring to, at the moment there are places where the M3 is being sold for 100k+ if he takes possesion of the car he should have no problem selling it right now for at least 30k+ more

there are alot of people "BMW enthusiasts" paying premium for these cars...I doubt dealership would have put up a fight over a few thousand, they are taking a nice loss at selling the car for 60K
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