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    • LOL at the idiots who paid over sticker for an F82 M4 GTS - BMW of Encinitas struggles to get rid of their 2016 M4 GTS

      Remember all of those stories BimmerBoost wrote about BMW dealers charging absurd markups on the BMW F82 M4 GTS? Santa Maria BMW for example was asking $245k for a GTS. Yes, seriously, $245,815.00 thanks to a $110k markup.


      It made the $60k over sticker Sterling BMW in Newport Beach, California asked for seem like a value.

      What does a new M4 GTS go for these days? Well, Encinitas BMW in California is not marking their M4 GTS up but knocking $10k off the MSRP just to finally move it off the floor:


      It is amusing how California dealers went from artificially inflating the M4 GTS market to now desperately trying to clear out the remaining cars. BimmerBoost was told this car has been sitting for quite a while.

      What happened to the market? Well, BMW produced more of the 'limited edition' cars than they said they would (never trust BMW's marketing department) and it just is not as good of a performer as it should be for the money.

      Oh well, congrats to the dealers that were able to get people to pay markup.

      This article was originally published in forum thread: LOL at the idiots who paid over sticker for an F82 M4 GTS - BMW of Encinitas struggles to get rid of their 2016 M4 GTS started by Sticky View original post
      Comments 24 Comments
      1. Newguy123's Avatar
        Newguy123 -
        Bmw dealers are $#@!ing crooks
      1. zinner's Avatar
        zinner -
        karma
      1. SpeedLimit?'s Avatar
        SpeedLimit? -
        dumb ass GTS buyers trying to run away from their terrible decision...
        Click here to enlarge
      1. subaru335i's Avatar
        subaru335i -
        Hmm $124k for a $#@!ty BMW or $111k for a Carrera 4S (with some money left for some options) hmmmmmm
      1. mynameisplayer's Avatar
        mynameisplayer -
        Oh, because Porsche NEVER rip people who have to get their nurse to write a cheque. Turbo S Exclusive?!
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by mynameisplayer Click here to enlarge
        Oh, because Porsche NEVER rip people who have to get their nurse to write a cheque. Turbo S Exclusive?!
        What does that have to do with exorbitant dealer markups?
      1. Eleventeen's Avatar
        Eleventeen -
        I still don't understand why manufacturers let the dealers put these giant markups on their cars. The manufacturer doesn't get any of that extra money, it reflects poorly on the brand, and it hurts sales volume.
      1. subaru335i's Avatar
        subaru335i -
        Click here to enlarge Originally Posted by Eleventeen Click here to enlarge
        I still don't understand why manufacturers let the dealers put these giant markups on their cars. The manufacturer doesn't get any of that extra money, it reflects poorly on the brand, and it hurts sales volume.
        Its a free country and there are lots of protectionist laws for dealerships. Its stupid but true.
      1. mynameisplayer's Avatar
        mynameisplayer -
        Click here to enlarge Originally Posted by Sticky Click here to enlarge
        What does that have to do with exorbitant dealer markups?
        All those without a prancing NEYNEY on their car hands up? What, no dealer markup on a 918?
      1. BlackJetE90OC's Avatar
        BlackJetE90OC -
        Click here to enlarge Originally Posted by mynameisplayer Click here to enlarge
        All those without a prancing NEYNEY on their car hands up? What, no dealer markup on a 918?
        What is your point? How much do 918's go for, every example is worth more than sticker right now.

        Some M4 GTS owners paid $50k+ markups and now they selling for $10k+ under sticker.

        Lessoned learned, rare Porsche model market prices do not translate to BMW rare model market prices.
      1. allmotor_2000's Avatar
        allmotor_2000 -
        People are stupid to buy any BMW M-car new... period (or have valued the depreciation into their cost of ownership)
      1. mynameisplayer's Avatar
        mynameisplayer -
        Click here to enlarge Originally Posted by allmotor_2000 Click here to enlarge
        People are stupid to buy any BMW M-car new... period (or have valued the depreciation into their cost of ownership)
        You're calling a lot of people stupid on this forum.
      1. martymil's Avatar
        martymil -
        Theres a few unsold ones here in aus too.
      1. MSIZZLE's Avatar
        MSIZZLE -
        im so sick of having this debate on forums, in the rare case when a car is worth more than msrp why the hell should a dealer who invested millions in a franchise sell it to a customer who invested 0 then sell it and make 10,20,30k or what ever that car is worth??? Market value is strictly dictated by customers, if the car is not worth it then nobody will pay it, if they sell at that number then that is what the car is worth
      1. MSIZZLE's Avatar
        MSIZZLE -
        A guy could walk in a dealer, finance a car like a gt3 rs with 0 down, if he got it at msrp he could then sell the car and make 50-80k and literally never take a penny out of his pocket! Why would any business do that? If that was the case an employee,friend, family of dealership could just simply buy it and then sell it
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by mynameisplayer Click here to enlarge
        All those without a prancing NEYNEY on their car hands up? What, no dealer markup on a 918?
        You get invited to buy a 918. Feel free to ask about the process with our resident 918 Spyder owner. They even threw in a free 911 Turbo S.
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by MSIZZLE Click here to enlarge
        A guy could walk in a dealer, finance a car like a gt3 rs with 0 down, if he got it at msrp he could then sell the car and make 50-80k and literally never take a penny out of his pocket! Why would any business do that? If that was the case an employee,friend, family of dealership could just simply buy it and then sell it
        That happens with Porsche's and look at what the 911 R is going for. Porsche is trying to crack down on flippers.

        The difference here is BMW dealers in California created an artificially inflated market to screw people. That bubble quickly burst as BMW built more GTS models than they said they would and also because the car is overrated and overpriced.
      1. Sticky's Avatar
        Sticky -
        Click here to enlarge Originally Posted by MSIZZLE Click here to enlarge
        im so sick of having this debate on forums, in the rare case when a car is worth more than msrp why the hell should a dealer who invested millions in a franchise sell it to a customer who invested 0 then sell it and make 10,20,30k or what ever that car is worth??? Market value is strictly dictated by customers, if the car is not worth it then nobody will pay it, if they sell at that number then that is what the car is worth
        Who is saying dealers shouldn't get their money for markup if they can? The problem is people are trying to make a quick buck as are the dealers who do this crap. The California dealers created an artificial M4 GTS market, don't you see that?
      1. subaru335i's Avatar
        subaru335i -
        Click here to enlarge Originally Posted by MSIZZLE Click here to enlarge
        A guy could walk in a dealer, finance a car like a gt3 rs with 0 down, if he got it at msrp he could then sell the car and make 50-80k and literally never take a penny out of his pocket! Why would any business do that? If that was the case an employee,friend, family of dealership could just simply buy it and then sell it
        That is actually not true anymore...there are TONS of GT3 RS's for sale right now at right around MSRP. The bubble is starting to pop.
        I know for a fact the new GT2 RS will absolutely appreciate a ton but it seems the supply for good low mile GT3 RS's is too high for the demand and the price has dropped very recently because of it.
        I also think that limited edition 911 Turbo with 500 cars might not be the best investment. It absolutely will command a price over sticker in the beginning when flippers want them and hope to make a ton of money on a toy...but in a year or two after release they might just be going for sticker price because they aren't that special and the value isn't really there.
      1. subaru335i's Avatar
        subaru335i -
        For example there are now almost 100 2016 GT3 RS's for sale right now on autotrader an more on the various auction sites... These were limited production of supposedly like 900 units so that is more than 12% of all the cars made are for sale right now.
        The majority of them are asking about MSRP right now which with the options most are $200-260k range (there are a couple that are high on meth asking $500-600k but those will never sell for that much).
        With that high of a percentage of a limited production up for sale it does seem the bubble is just starting to deflate (probably not going to pop drastically but the crazy prices for these cars are no more).