Santa Maria BMW is looking for the world's biggest sucker to spend $245k on a 2016 F82 M4 GTS

If you thought Sterling BMW in Newport Beach, California was ridiculous for asking $60k over sticker then you might have some trouble articulating how you feel about the $100k+ over sticker Santa Maria BMW is asking.

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This would be funny if it was not so sad. First of all, why is it Califonia dealers asking these absurd markups? Secondly, Santa Maria BMW is looking for someone so stupid that they can't even add.

They say they want a $100k market adjustment yet the asking price is $245,815.00 meaning it is actually a $110k markup. They're looking for someone so dumb that basic arithmetic escapes them.

This is just a new low for BMW dealers.

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No.

Greedy bastards!

Does anyone know if the dealers in Europe were this retarded with the e92 M3 GTS?

Well BMW SF had one for $200,000 market adjustment. I think for $350,000 there are better cars...

That dealerships about 15 minutes from my house. I should see if they'll let me take it for a test drive.

LOL, this car is not even good enough to command it's msrp. What a joke.

Can I ask you all a question, full disclosure I am the GM of a car dealership. When ANY product comes out the market determines the value of that product, hundreds of thousands if not millions of cars are sold below MSRP and sometimes way below invoice, every now and then a car comes out that the MARKET value is actually more than the msrp. Explain to me how it would be reasonable for a dealership who spends millions to become a franchise to sell a car at msrp and then some flipper turns around and sells the car for a 100k more because thats what the market will pay for that car. So in that case the dealership is actually handing him 100k. The flipper could actually finance the car and then flip to make tens of thousands of dollars with ZERO investment out of his actual pocket. I agree when you see these crazy markups it looks bad but there are no threads about crazy discounts.... /I guess to be fair EVERY car should be msrp but consumers wouldn't like that either

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Originally Posted by MSIZZLE

Can I ask you all a question, full disclosure I am the GM of a car dealership. When ANY product comes out the market determines the value of that product, hundreds of thousands if not millions of cars are sold below MSRP and sometimes way below invoice, every now and then a car comes out that the MARKET value is actually more than the msrp. Explain to me how it would be reasonable for a dealership who spends millions to become a franchise to sell a car at msrp and then some flipper turns around and sells the car for a 100k more because thats what the market will pay for that car. So in that case the dealership is actually handing him 100k. The flipper could actually finance the car and then flip to make tens of thousands of dollars with ZERO investment out of his actual pocket. I agree when you see these crazy markups it looks bad but there are no threads about crazy discounts.... /I guess to be fair EVERY car should be msrp but consumers wouldn't like that either

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I think this is fair. Probably the bigger issue with this particular car is the GTS has been shown to be not that great for a $135k car. Then you add in a $100k markup and it becomes laughable. It's just the ludicrousness of this whole setup. Whereas something like a GT350R - a $20k markup isn't as laughable because it's a fantastic car that punches way above its weight class.

In the end, market forces drive the sales price. Either above or below MSRP.

-Rich

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Originally Posted by richpike

I think this is fair. Probably the bigger issue with this particular car is the GTS has been shown to be not that great for a $135k car. Then you add in a $100k markup and it becomes laughable. It's just the ludicrousness of this whole setup. Whereas something like a GT350R - a $20k markup isn't as laughable because it's a fantastic car that punches way above its weight class.

In the end, market forces drive the sales price. Either above or below MSRP.

-Rich

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Thanks for the reasonable response, regardless of how it looks those here who are in business should understand the concept of "market value". And for the consumers in here who aren't in business I'm sure most here have sold a house or a car, when you made that transaction you sold the item for as MUCH as you can not necessarily the fair price. IF 2 people wanted it you would gladly sell to the highest bidder.

i dont mind having the ridiculous mark up on the gts actually im really happy cz they r all going to be slapped so hard so once the new limited production m3 m4 m5 or what ever bmw r going to call it the dealer will be scared marking them this high and the prices the next time will be reasonable

Sell it for what you want, let the market decide. If there are people out there that will actually buy the GTS for GTRS money then let those fools do it.
And there are threads about great deals. On M3post when a dealership in Colorado was doing $500 over invoice on the brand new 2015 f80 m3 the sales guy had so many orders it overwhelmed the dealership. He then left (or was asked to leave), the dealership did good by honoring the deals that were already locked in.

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Originally Posted by MSIZZLE

Thanks for the reasonable response, regardless of how it looks those here who are in business should understand the concept of "market value". And for the consumers in here who aren't in business I'm sure most here have sold a house or a car, when you made that transaction you sold the item for as MUCH as you can not necessarily the fair price. IF 2 people wanted it you would gladly sell to the highest bidder.

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You can't equivocate real estate and cars. First of all, properties tend to appreciate whereas cars are more of a consumable item that drops in value with use.

Secondly, the GTS has a set MSRP. Spending over MSRP is burning money.

This car is not worth the MSRP let alone the 110k mark-up.

Lol I want to see one of these on the street just to laugh in the owners face. I don't care how much money you have this is a terrible investment.

Not even worth its original tag price.

"Limited production". Ha. The hype machine in full swing. What a dumpster fire this thing is.

The bad math and they wrote that shit with a sharpie.

lol the hate is real, but appreciate the GM coming out and expressing their side. You do not have to buy it if you do not want it, no one is forcing you to I guess.

Car Magazine rates M4 GTS in last place during is Sports Car Giant 2016 test. Backs up Motor Trend's second to last finish.

Behind the BMW M2 and Focus RS.

http://www.60-130.com/images/importe...116d3b4f-1.png

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Originally Posted by Zeee_Q

Well BMW SF had one for $200,000 market adjustment. I think for $350,000 there are better cars...

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There are better cars for under MSRP.

Quote:

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Originally Posted by BlackJetE90OC

Car Magazine rates M4 GTS in last place during is Sports Car Giant 2016 test. Backs up Motor Trend's second to last finish.

Behind the BMW M2 and Focus RS.

http://www.60-130.com/images/im...116d3b4f-1.png

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Wow. This just keeps getting worse and worse.

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Originally Posted by Sticky2

You can't equivocate real estate and cars. First of all, properties tend to appreciate whereas cars are more of a consumable item that drops in value with use.

Secondly, the GTS has a set MSRP. Spending over MSRP is burning money.

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Well i guess your argument would make sense if cars NEVER sold below msrp either but they do, is that a dealership burning money? Or is under msrp just the "market value" therefore thats what the cars sell for.

As far as your Realestate argument that also makes no sense, the fact of the house appreciating or depreciating is irrelevant to my point, when you buy a house whether the value has gone up or down you try and sell if for as MUCH as you can at that moment NOT what ever its actually worth. You also ignored my point about flippers, should they be able to buy a gt3 rs or any other hot car and sell it for a 100k more?? Or is it capitalism when a consumer does it but stealing when a dealership who actually invested in the franchise does it

The point is that the market value for this GTS is probably lower than the actual MSRP and the rediculous mark ups are just plain retarded. I bet these cars sit at dealers for a looong time if they are asking 100 or 200k more than MSRP. Which, as someone else pointed out, might be the whole point. Some dealers might like having a M4 GTS permanently on their showroom floor to attract people to lease their basic bitch 320i.
But no matter what, $245k is absolutely positively not market value for this "limited production" hunk of junk.

This blows my mind! It's an M4 with some mediocre bolt ons!! Wow