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.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow 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