BMW to Raise Prices Beginning Next Month
If you're in the market to buy a BMW, you should do so before the end of the year.
BMW is set to increase both the MSRP price and destination charge on most of their vehicles starting January 1, 2012.
The price increase will be equivalent to around 1% of MSRP, except for the 6 and 7-Series models which will remain unchanged.
BMW is raising the destination charge between $20 and $895 on most models.
Prices are expected to increase between $220 and $320 for the 3-Series and 5-Series and up to $320 for the X3 and X5.
Timing your purchase for the end of December should maximize your savings. Not only is it the best time of year to buy a new BMW, but you'll also lock in the lower prices.
Tip: Before you visit a BMW dealership, first get price quotes via email and learn which dealers are offering the best deals and the largest selection.
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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