BMW to Raise Prices Beginning Next Month
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, CarsDirect, and NADAGuides 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.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid