Curious if anyone has contacted them to find the asking (mark up) price.
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Curious if anyone has contacted them to find the asking (mark up) price.
Car is listed at EAG for $17990. A $6k markup!
http://www.cars.com/go/search/detail...nal&listType=1
Which means that MiniD works for EAG since he got closest! jk
EDIT: Oh, they "forgot" to list the wheels it came with... Someone should tell them. LOL
Just saw this thread and I looked at EAG... I saw the asking price as well and thought "What's wrong with all these guys, its listed for $17,990 at EAG... Can't they see that?"
Then I looked at post dates.... :rofl
I wonder how much they paid for the repairs and maintenance they did to the car. The ad says suspension and coolant system work was needed.
Maybe they read this and thought to come in lower than most expectations. Doubt it.
I think that color, while most will find it unique and desirable, will be a tough sell. If that was another color, that car would easily be north of $20k.
Bill
Have to agree Bill. I usually love dark/british racing green and tan interiors but I'm not sure it works on this car and the markup is big. All I can say is, from having bought mine at EAG, they do great work and the car exceeded expectations. We'll see how long it sits on their site, the silver very low mile/high price coupe was on there for a long time but appears to have sold.
I like the color combo but I wouldn't pay much if any premium for it.
I feel that for the profit margin they have in these cars, they should really replace / re-wrap the steering wheels.
They just posted on their Facebook that the car sold.
I have to give it to them, that was a great find. Let's hope it went to a good home..
Wow - they are minting money! A $5k return on a $13k investment, in a few days!
Yeah, no joke. They have e46 m3s listed for over 42k. Completely ridiculous if you ask me. I wouldn't buy from them on principle alone.
^^^Agreed. If you asked me months earlier before I knew their markups, I would've treated them like any other dealership... However, knowing this just puts a bad taste in my mouth. I can't blame them, they were quick/decisive and it really paid off for them. Just how business works in our capitalistic society.
Take it easy fella's. They have the capital to invest, and they know how to sell.
The brand that they built for themselves probably warrants a $3-4k increase over private retail for many buyers.
Yes... The brand includes typically flawless, inspected cars, which I'm carry warranties.Quote:
Originally Posted by alexandre
Sent from the HTC DNA, Williamsburg, VA and USA
Never understood the hate towards EAG that I see across numerous BMW forums. They don't cater towards the $15-17 E46 M3/M5 buyer - their market consists of people wanting to pay top dollar for rare, pristine examples with low miles both new and old. I personally LOVE seeing what they have in inventory. Who cares if they mark up cars - that's their business and they're successful.
My guess as to why the bad feelings would be that they seem to snatch up all the good, low mileage, fairly priced E46s and then add thousands of dollars mark up just a few days later. When they are scouring the internet all day/every day searching for these cars, regular people who work 9-5 and search for cars in the evenings hardly have a chance to get these cars. If they do want the car, they then have to go to EAG and pay them 5G more for the privilage of buying it from them when it was listed for 5G less just a few days ago.
It is what it is, but I am thankful that did not happen to me.
Well said.
Not hate on EAG here, though I would like to see fair prices all around. I will say though having worked at a dealership for a while now, I realize how much they actually skip over to make money and let the customer deal with it down the line. We are even said to be one of the better ones not buying junky cars or just wholesaling the bad ones we get on trade.
Bottom line if EAG is taking nice cars and making them NICER, I have no objections with the price increase. However if the mark up is just for "collectors" purposes then yeah it seems a little douchey to me that they're gonna make $4k over market value on a car because they're willing to hold on to it longer. Either way it's not illegal.
I've honestly thought about doing the same thing myself. Buying nice older BMW's, putting some good $ into their maintenance and such, and then flipping them for a few grand profit.
Yes, this ^^^ is exactly how people feel. Good finds are scarce, especially on rare cars like the ZHP... It takes months for one of these (or years in case of Oxford Green) to pop up. There's a reason behind all of the umm.... attitude... Now, if their markups were reasonable (therefore graciously passing some of savings to the consumer) we could maybe be recommending them to potential buyers! Yeah, too bad that's not the case here. Oh, and some of us just have to rant. hahahaha. Ok, enough talk about EAG from me.
That's my only issue. They beat me to it. Well actually, I was waiting on the sales guy to call me back to put a deposit on it and get it PPI'd at the Bimmer dealer across the street...I finally called him and he said it was sold. Otherwise, EAG gets what the market bears.Quote:
Originally Posted by NorCalZman
If you guys really want to see the sh*tstorm about EAG, have a peek at M3Forum or M5Board.
In a way, enthusiast forums like these make their life ridiculously easy. We find clean, rare examples and post them here for other enthusiasts, and they quickly poach the cars.
I would LOVE to see what work they supposedly did to mark up that car 6K.
Anyone I know who's dealt with them has been happy with the experience.
There's a market out there for expensive cars that don't have problems. Plenty of buyers have been burned by disastrous repair bills. Then piled on by the significant other in the realm of "I told you so." Easier to pay more up front and avoid the flak from all sides.
Which isn't the philosophy most of us here have but then again we have made it essentially our 2nd job to learn and get dirty.
Having bought my ZHP at EAG a few months ago, I can affirm some statements here regarding the high quality (whether perceived or otherwise) EAG offers. I do acknowledge I paid a dealer markup (and wrestled mightily with the thought of going to a dealer), but in my case, having looked at dozens of others it wasn't "much more" than similar mileage/spec'd that I'd seen privately - and it turned out to be a country mile ahead in terms of all around condition. If I had a $10-12k car that needed ~$3k of work (including labor) I broke quite even and also bought some peace of mind.
However, in this case, I completely think the anger is justified: ~30% markup on what looks like little to no additional work and adding the fact that the good looking spare rims/tires/wheel covers that were originally advertised have also gone missing is a s**t move.
But, it's a fair market out there and they beat everyone to the punch so you can't help but be jealous of them. Getting paid to look around for good deals all day to turn a profit sounds like a great job to me!
I like the free market. There was a market dislocation on this vehicle. If all information was known, the seller would not have sold it for $12,000. EAG realized the market dislocation. It snapped up a bargain. It then turned around and marked the price up to what the market would bear. Given that it sold in less than a week, EAG may have even left a little money on the table as well.
Back in the day, before I knew much about EAG, I used to be one of those guys who talked smack about them. Over the years, though, I have come to respect the way they do business. I know someone who bought an E39 M5 from them. The guy, after three weeks, didn't want the car any longer. EAG bought it back from the customer, no questions asked. EAG arranged for freight both ways (though the buyer did pay for it).
Their business is also good for current sellers and ZHP owners. By taking off the cheapest buys and inflating the prices they are actually increasing our car's worth in a way.
Thank you Marcus.Quote:
Originally Posted by Marcus-SanDiego
We work hard to earn our reputation with every car that bears our name.
I think our clients will speak clearly as to how we run our business and the level of quality we consistly deliver. This ZHP left with a $3,900 work order to ensure it met our quality control standards in every way. The new owner was elated with the car - that is a win-win in our book.
Evening,
I'm the buyer of the Oxford Green ZHP from EAG. This is my first BMW, but I've been trying to find the right one for over 3 years.
I had come across this thread before it turned a little "less positive". I thought I would shed some light on my experience at EAG. I've not done business with EAG before and went in with no real expectations over previous car buying experiences.
First, they held the car for me even when people were calling all morning about it. And even though they had no deposit or signed purchase agreement from me. One guy asked them to pass along his info to me with an offer for $2000 over my cost. They could have easily taken that deal before I signed anything, but didn't.
Second, they did do work on the car: a couple dings in the body that they repaired (one that could not be PDR'd and was filled/sprayed) as well as some bad curb rash on the front skirt. They also replaced the water pump, thermostat, and FCA bushings. Yes, the extra wheels aren't there, but frankly I would rather have a water pump...
Obviously everyone is entitled to their opinion, but I thought they should know a bit more before they judge. The guys at EAG made a believer out of me and that is no easy task.
And the fact that someone wanted to pay $2000 over what you paid indicates that my hunch was correct. EAG left a little on the table.
Sent from my ZHPMafia.com iPhone
Yeah, I still have the post-it with his info around here somewhere (sorry Harold, I'm not selling :) ).
Quote:
Originally Posted by EAG
Welcome fella's.Quote:
Originally Posted by Lost_One
Congrats EAG and Lost_One!!!
Updated as SOLD.
That is my favorite color combo. Congrats on the purchase.
Thanks much :)
Welcome Pete..........sounds like the car is a winner (although not special! LOL)
Gary
Definitely not special!
Sent from my ZHPMafia.com iPhone
hehe I hadn't seen that video before, but now I'm thinking about getting "Not Spcl" for a license plate. :shift