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2020 BMW M240i Coupe $74,900 Drive-Away Offer @ BMW Australia Dealer Network

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BMW Australia has announced a sharp drive-away deal for its M240i Coupe, which is now on sale from $74,900 drive-away.

Previously listed at $79,100 before on-road costs, the promotional offer represents a $13,000 saving (based on Victorian metro pricing), while also bolstering appeal with more equipment than before.

Additional specification includes 18-inch double-spoke M light alloy wheels, hexagon Alcantara upholstery in Anthracite/Black, 'Aluminium Hexagon' ornamentation with black high-gloss highlights, an electric glass sunroof, metallic paint, and a wireless smartphone charging pad – metallic paint and a powered sunroof previously asked for $1700 and $2700 respectively.

The wheels are available in Jet Black, bi-colour Jet Black, and Cerium Grey matte finishes, wrapped in 225/40 front and 245/35 rear tyres.

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              • -1

                @[Deactivated]: 520d is cheapest 5 series with the smallest engine.

                The M is just a different trim level.

                Sahara Landcruiser resale value is out of this world.

                • @JimB: I think you'll find that the 520i is the entry level at 90k, it's $3k less than a 520d and that M means a lot more than trim. It's a $10k option.

      • +1

        Resale sucks on large lux sedans. Resale would've been better on a 3 series or one of their SUVs.

      • +2

        a diesel engine bmw is bound to take a bigger hit on depreciation.

        whereas a NA straight 6 like this m240i holds its value much better.

        • -7

          Keep telling yourself that lol, the only reason the 240 doesn't lost so much is because it costs 30k less in the first place.

      • +2

        Large sedans are definitely out of fashion now….doesn't matter if they were made in OZ or Bavaria….you can pick up a E220d demo for $70k whilst a new one is $100k+ crazy right.

        My worst experience with resale value has been one with 4 circles….because they sell so much to rental car companies and they turn them over often

      • So don't sell.

      • He likely sits in the category of people for which it makes more sense to lease a car.

        Maybe float that idea to him.

      • BMW is such a big loss in second hand sales

        And Audi is not?

        • -1

          https://www.carsguide.com.au/car-advice/how-to-choose-the-ri…

          Brands with best resale value after three years/60,000km

          1. Land Rover/Range Rover - 61 per cent
          2. BMW - 58 per cent
          3. Porsche - 58 per cent
          4. Subaru - 56 per cent
          5. Toyota - 55 per cent
          6. Audi - 54 per cent
          7. Jeep - 54 per cent
          8. Mazda - 54 per cent
          9. Mini - 54 per cent
          10. Mercedes-Benz - 53 per cent
    • +9

      Q2 look nice but the m240i is another level of performance. Sounds better too.
      Doesnt matter what you buy, once you drove off youll lose about 30% off its first year.

      Ive owned 2 bmw and i wouldn't buy new unless you can afford to lose 50% of its value in 3 years of ownership. Or you plan to have it for over 10 years. Thats my view.

      • +3

        the service and repair cost after 5 years will kill you.

        • Not true for a mass-market models (1 and 3 series, probably 2 series), especially if you you are mechanically literate, because it really depends what needs to be done.

          If you expect an appliance that can be abused until death, just don't buy a high end one with all the over-complex performance options, like adaptable suspension, turbos, AWD, etc.

          Hard to do in Oz, but in Germany you can buy exactly the features you want, so you can remove the useless things and get the good ones. , (with the exception of mechanical LSDs, so you have to get these post purchase)

          If its a commodity one, a lot of what goes wrong is very cheap to do, and they are infinitely more reliable than any low production one. Avoid newly released designs, any complex tech you don't need, and they can be as reliable as anything else. There are loads of 3 series that have survived 20 years with uncaring owners that only fix what breaks.

        • Really? Ive had one for 6 years and the cost during these 6 years was about $3000 in maintenance (I log everything). Thats $500 a year in maintenance cost (including the $300 per tyre, first set lasted 50000km). Car has 56000km now and i do an oil chnage evry 8000-10000km.

          And the one before which cost even less in maintenance. Had it for 3 years and withing the 3 years i lost only $1500 from buying to selling price. It was second hand though.

          Taking to a dealer for service is where you lose money.
          An oil change that can be done by yourself for $55 or at a reputable BMW service would be $200 while at the dealer service it will cost you $400. All the same oil and genuine BMW oil filter on all three prices.
          Eg Bromspec in Sydeny deals mostly with BMW and he's reputable, uses only genuine BMW parts. hes priced much cheaper then dealer, but also wont be cheap as your petrol station mechanic.

          Cars are like printers, they arent too expensive (initially) and the dealer doesn't make much money, its the service where they make the money back (printer cartridges).

          Those who think it costs a lot to maintain, either had information from people who just take it to dealer and dont do their research on where to take them or got a bad lemon.
          Youll hear the noisy person that had a bad experience but hardly ever hear the many people that have good experience.

          If you want an enjoyable car that makes you smile every time you turn on the engine you get a BMW, Porsche,(some) Mercedes and so on. If you want something to get from A to B, get a toyota (cause you wont care about steering feel, driving performance, rear wheel drive, predictability of handling, engine sound, acceleration etc…)

          • @Bruno28: You can now buy servicing packs up front. I know BMW and Skoda have this option. Essentially pay a fee and the servicing costs are covered for 3-5 years. There is then no need to worry about an unplanned expensive service (Like getting stung with $2000 timing belt on a VW)

            • @deal88: thats a good thing. How much are they? probably $2000-5000 for 3 years?

    • If you were trying to be practical, why not just buy a cheaper and roomier A3?

      • Go to the snow a lot and wanted Quattro AWD + I liked the look of the Q2 + I bought it cash, not through finance.

        • The Q2 looks sexy, specially in blue. And you did well, not like 90% who finance and buy what they cant afford to look good for others.

    • +7

      I would get rid of it after 3 years. The Q5, Q3 and Q2 are some of the worst cars you could buy for reliability, parts and engine problems.
      Sell it will 2 years left on the warranty and find something new.
      Source: Used to work in car dealerships before working for CGU insurance's vehicle warranty department. I got to see all the numbers on what cars had the most warranty claims and what were shitboxes and not etc…

      and in this case, the Beemer is a much better resale value car. No comparison TBH.

      • What is Volvo like in terms of # of warranty claims/cost?

        • Horrible to be frank. Not enough data on their 2019 models yet.
          it's hit and miss with most euro brands.

          • @[Deactivated]: ok.. lol..

            I had one repair with my 2009 XC60 within warranty and 2 issues out of warranty.. That's not bad for 10yo/150k car.

            And nothing so far on my 2019 XC60 but that's still brand new.

    • You did not make the right call. The Q2 is a VW Golf. This is a better platform.

    • poor choice money badly spent im afriad.

  • +15

    Are they still charging $150 per year if you want to use car play?

    • Yes.

      • +25

        Scumbags.

          • +8

            @ChubbyMastiff:

            I've got something to tell you.

            that you're not a true ozbargainer?

          • +21

            @ChubbyMastiff: Disagree. Its about the principle of paying extra for something that should be included for free

            • +2

              @Riker88: I wouldnt say it should be free, more so built into the price. But it definitely should only be a once off fee.

              • +6

                @cypher67: They pay nothing to include CarPlay and all other manufacturers include it for free. This is super scummy on bmw.

            • +1

              @Riker88: BMW: This car would be 76900 sir, CarPlay is included for free!
              Customer: That's nice.

              BMW: We sell our car for 74900, but you have to pay $80 every year for CarPlay.
              Customer: Kiss my ass, scumbags.

            • @Riker88: I think carplay is something that apple has as a subscription. And BMW just passes it on to the buyer. Just like Apple music and apple tv, you subscribe for their service.

              Everything is becoming subscription based, NEtflix, spotify, photoshop….They target more poeple with smaller monthly costs.

          • +1

            @ChubbyMastiff: That’s $150 yearly that I can spend on my 911?

    • There are ways to get lifetime carplay for free…..

      • +1

        Why charge for it then?

        • +3

          Apple charges them a one-off, fixed licensing fee (rumored to be around $300). The monkeys at BMW decided to make money out of the feature. I'll avoid BMW as long they're ripping off people like this. It's a real low blow…

          • @antler: Source for this? I’ve looked and can’t find anything other than shitty unsourced rumor sites.

            • @blergmonkeys: Every other car manufacturer offering it that does not charge a fee is the source.

              • -1

                @RI4V4N: So it’s an unproven rumor then. Sure.

                I’m talking about the supposed fee Apple charges.

                • -1

                  @blergmonkeys: The $300 part was just surmised- or calculated, or a product of rumour?

                  IF paying each year means your system and its apps stay up to date, its well worth doing, for few manufacturers support infotainment systems (let alone anything else) once the car is off the production line for anything other than design faults.

                  Usually its vital to have infotainment and navigation, other apps etc. all up to date, rather than outdated and worse, unusable. Without it, the entire car is landfill in no time, and in future, less.

      • Yeah, buy an aftermarket head unit or a car from any other manufacturer.

  • +5

    Cashrewards?

  • +43

    If you accept the price a dealer is offering then you are not getting a good deal. A good deal is when the dealer accepts the price you are offering.

    • +1

      Exactly

    • +2

      This guy gets it.

    • +5

      Username and logo checks out.

    • +6

      If you leave the dealership feeling like you got a good deal, you probably got ripped off.

      You know you got a good deal, when the salesman is swearing at you and you wondering whether he sold you a lemon.

    • +1

      I would disagree. A good deal is when 9 out of the 10 dealers you went to showed you the door when making an offer. The 1 out of the 10 calls you the next day that they are willing to let the car go at beyond cost.

      14.7% off RRP for a european car is hardly a bargain.

      • 14.7% off RRP for a european car is hardly a bargain.

        Not with BMW. Unless the car was released this month, aim for 20% off the drive away for the particular configuration.

      • -1

        From forum: 20% on Audi. Hardly ever above 15% on Merc.

        • -1

          No.

          A250 was $46k during launch (before shipment for the first batch) whilst RRP is $54k… if a car with "shortage" gets a nice 15%… other models would.

          Previously B class were 8k off RRP where dealers were letting B200 go for $30k…

          Really, euro cars are not as expensive/"prestige" as some may perceive.

          • +1

            @[Deactivated]: Why the neg? I was in the market for c250 and from whirlpool, the lowest someone ever got was 15%. My previous A200 was at 13% RRP, couldn't get more (I've shopped around). A mate got A4 at close to 20% rrp. Well, B class is not selling well, I wouldn't be surprised if they were at 20% off. But saying that 14.7% is hardly a bargain for Merc is crazy. Let's see if you can get 20% off on C class above then.

            Your statement: Euro Cars are not as expensive/prestige as some may perceive, well Porsche, Bentley are euro and if you say they are not perceived as expensive / prestige then you must earn millions per year then.

            • @rave75:

              1. 15% on a Merc or the norm Euro brands are not a bargain. Amongst myself, (not anymore, grown out of European metal, found better use for money than ego inflation in the younger days) direct family and friends, not once a "discount" less than 15%. (Okay, the A250 was 14.7% because no other dealer has stock in the next shipment) This include the latest A250 pre-launch order placed with a MB dealership in northern beaches. Went in, didn't test drive, made an offer for the dealership to take it or leave it. I actually find it hard to bargain on a Japanese car, having bought one for elderly folks recently and at most 15% if one is lucky.

              2. My bad, didn't expect association of Bentley as European metal in a BMW post. (Yes, a Bentley does count as one). Even a Porsche… it is not a real Porsche unless if it's a Boxster… 911… and so on. Yes. I have been in a fake Porsche (Macan), driven one, and kept one (lend to me, someone in the family's spare car) whilst I have worked overseas - came bk to AU for a visit. These days, branding is so diluted, even a Maserati badge is not "prestigious" - think Levante. With the recent years property boom, MB, BMW, and Audis are like yester-year's Honda, Toyota. Having said that, people still "feel good/prestige" driving an MB.

              3. Doesn't take a millions (key word, "s") dollar annual income to buy a "prestige" european metal. Vehicles under $200k is quite affordable for many. (This price bracket captures most of the "prestige" vehicle sold here). Whether one wants to buy one is another factor altogether. A couple of friends in their very early 30s sitting on net asset of couple mio and they do drive "nice" cars - that is their "reward" for working 2 jobs and made a few right choices in the last ten years, plus abit of luck.

              Tried reversing the "neg", but couldn't do it. Making it up with a +ve vote.

    • +1

      What if I'm offering $10k more cause I'm a nice guy?

      • Is that nice or is that stupid?

      • Can we be friends?

  • +1

    Does it come with any Eneloops?

  • +2

    Better get in before Broden

  • +4

    I'm not sure that "BMW lowering their prices" constitutes a bargain, does it? There is no information in here indicating actual dealer pricing (which would of course be price fixing, if it did).

    • These deals usually have head office coming to the party to get the price down and boost some sales. Usually a better deal than what you could usually get as part of the discount is off the wholesale price. Dealers can still do what they like for each individual sale.

  • +2

    It has a lovely B58 straight six, but no B28.

  • I have only owned 2 used cars (23yo) — Can you negotiate pricing on brand new vehicles?? I thought it was only negotiable if used, please correct me.

    • +1

      A few brands don't but, generally, yes.

      • A few brands don't

        I've heard you can haggle on a tesla these days, too.

    • Consider yourself corrected.

      • +5

        see Gamemaster's comment- everything is negotiable and they NEED to shift cars off their lot.

    • +1

      you can negotiate on new should aim for at least 10 - 15% off new depending on the brand. If any of the premium euro brands at least 15% + random shit thrown in (I.e. tinting, clear coat etc etc).

      For example i paid 108k (drive away) for a 130k brand new merc - their 'lowest' was 115k (with tinting, clear coat (which is about 2.5k itself) and merc merch, but i said 108k (with the additions) or i walk and they finally begrudgingly agreed.

      Always negotiate hard

      • 108k in cash or through finance? Would it have made any difference in your negotiation power one way or another? Genuine question.

        • +1

          Novated lease

          100% changes negotiation power, intially made it seem like to the dealer i would take up their finance and switched last moment to get best price (they will tell you it doesn't make a difference, but it 100% does)

          • @paraneoplastic: For a $70k car you’ll end up paying $30k more over a 5 year period when you factor in the ballon payment. I’ve had 2 novated leases and the numbers used to stack up before the most recent changes but now they are just so uncompetitive.

      • You spent $108k on a depreciating asset.

        Hand in your ozbargain badge please.

        • +3

          better than giving 350k+ in tax to the gov, at least i get to enjoy a nice car

          • @paraneoplastic: Hmm how did it save 350k in taxes?

            • @cheng2008: Car ‘saves’ 15k per year, along with negative gearing of rental properties and assets depreciation accountant managed to claw back 85k in tax returns which I not bad at all

      • c43?

      • Tinting 4 windows is like $250, coating (if it is just sealant that it is so cheap, ceramic is worth close to 1k). So yeah, when they say it is gonna cost you 2.5k, that's a big ripoff!

    • +2

      I thought that was the point of dealerships, to create a playing field (on their terms & in their favour of course).

      Apparently Tesla is one company who wants to sell cars only on websites online by closing all their dealerships. They want to make it so you can only buy a Tesla online just like you are shopping at Amazon.
      In which case ‘price-match’ would be your only option, which would be difficult given only Tesla sells brand-new Tesla’s.

      • +1

        One problem is many of the dealerships are ultimately owned by the same head company even though they have different dealer names, and you think you are playing x against y when in fact they know what the other guys can go down to.

        • Yeah but still how it currently is, is better than only having a single fixed price online from one company (I am talking about Tesla here, but I’m sure other companies will find a way to achieve a monolopoly as well).

          Edit: actually I remember watching an in-depth segment on car dealerships and if I remember correctly the system works in the car manufacturers favour by keeping the car market afloat. It was along time ago so I’ve forgotten the details, but i am sure someone who knows will come by and school us on how it works.

          • @thebadmachine: Basically they had inventory problems and the dealers take these problems away by having the cars on their books and not the manufacturer’s. Not necessary with made to manufacture orders online. Apple operates a similar inventory model.

            • @McBanjo: Yeah that was it. That and something about certain manufacturers off-loading losses onto the dealers which pushes the dealers to create more competition among each-other and therefore more hype & sales.
              (I think they said some big ones like VW have a system to take the losses by moving cars about)

    • +4

      Any car is negotiable, new or used. If you are not comfortable of negotiating the best price, use a car buying broker like Private Fleet (Kogan also started doing this business). You tell them the car you want, colour along with the options/accessories, they put out a tender to car dealers. Then they will tell you the best price they got, you can say yes or no, in which case they may put out the tender/negotiation again and may get a lower price (or not).
      The car buying brokers are in the game so they know all the deals/promotions, bottom prices etc. And they have the buying power, especially if several people are after similar cars. Sure they get a commission but it's insignificant as the saving is larger than you doing the negotiation yourself.

    • If anything it’s easier on new vehicles. There’s always another dealer with exactly the same car in exactly the same condition.

    • You can always negotiate on new cars. If the dealers does will not, go to another dealer. For example (a few years ago) I found out every Subaru dealer in Melbourne was owned by the same company and they would not give big discounts. However Frankston Subaru had a different owner. You could get a better deal off Frankston, or threaten to buy off Frankston and suddenly the deal got better.

      Other tips…..

      Buy at the end of the month as the dealers need to make their monthly targets and are more desperate.

      Sometime it is better to threaten to buy another brand. For example, if you told Melbourne Subaru you could get a better deal at Doncaster Subaru they would laught at you because they are the same owner. If you tell them that you are thinking to buy a Toyota instead, they will understand they will lose a deal.

      Also demos and last years stock are always a bit cheaper.

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