Wow - they are minting money! A $5k return on a $13k investment, in a few days!
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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.