OilHead
Member
I appreciate the response. FYI, I had been typing my last post before seeing your previous one.
Price check on aisle 5
- Thread starter TCClassic
- Start date
TCClassic
Member
Yep. We had some concurrent responses happening. Best of luck with your negotiations.
Gr8adv
Well-known member
for perspective. the newest Omega Seamaster Planet Ocean was just announced yesterday. Its about $12.5 out the door.
WaydeG
Active member
$16,733 OTD all sales tax and misc fees. FE= First Edition
My bike is not a demo, has the floorboards. Price is $14,995 plus $500 in BS fees and $500 in tax, title, tags. $16,010 OTD cashIf you guys don't mind confirming, so that I'm not comparing applesranges when I speak to the dealer tomorrow...
@DG6n26 : R18 C FE Loaded. Price paid $14,995. This must have included the $3,000 in customer cash plus an additional dealer discount. This is irrespective of the $2,000 in free payments as you paid cash. I assume the bike didn't have floor boards.
@TCClassic : fully loaded, non demo, R18 Classic FE with floor boards. Price paid. $15,500.
@WaydeG : R18 Classic (FE?) was 16733.00 out the door, but that included Texas sales tax. Reduce that by 6.25% so the negotiated price before tax was more like $15,700.
If I'm interpreting this all correctly, I should be able to negotiate the R18 C FE with floorboards to $15,500 (between $14,995 and 15,700) and still take the financing deal with BMW picking up the first $2000 in payments, which I would intend to do. This means the dealer would need to discount the list price down to $18,500 before applying the customer cash of $3,000, and there should be no hidden set-up, freight or other charges. Correct?
Thanks guys!
OilHead
Member
Thanks for the responses!
OilHead
Member
Hi everyone,
I finally negotiated a 2021 R18 Classic, loaded (Premium and Select packages including floor boards), in black storm metallic. I like chrome, and the FE is beautiful, but a more blacked-out muted color scheme was more to my liking. I paid a flat $15,000 on the "demo" promotion (with only 7 miles on the bike) after the $3,000 in customer cash but before the extra $2,000 payment promotion for financing. My out the door price of $15K, but adding in the extra $2,000 in financing payment savings, is $13,000. Such a deal! I also negotiated the Mustang Day Rider saddle for $499, normally $599.
Thanks for the support, guys!
I finally negotiated a 2021 R18 Classic, loaded (Premium and Select packages including floor boards), in black storm metallic. I like chrome, and the FE is beautiful, but a more blacked-out muted color scheme was more to my liking. I paid a flat $15,000 on the "demo" promotion (with only 7 miles on the bike) after the $3,000 in customer cash but before the extra $2,000 payment promotion for financing. My out the door price of $15K, but adding in the extra $2,000 in financing payment savings, is $13,000. Such a deal! I also negotiated the Mustang Day Rider saddle for $499, normally $599.
Thanks for the support, guys!
TCClassic
Member
Sounds like you got a great deal. Congrats. Have a great 2022 riding season on the new bike! Share pictures when you can.
OilHead
Member
Will do! I will be away next week and pick the bike up on the 28th or so!
burangs
Well-known member
I must admit that while actively looking at new bikes, I am finding it difficult to ignore the current R18 offers! I do not need another one, but that might just be what happens.
burangs
Well-known member
Congratulations!
That’s what happened to me. I had just ordered a Pan America and then saw the R18 deals.I must admit that while actively looking at new bikes, I am finding it difficult to ignore the current R18 offers! I do not need another one, but that might just be what happens.
Great deal, congrats.
BMWryder9
Member
I think Oilhead might have gotten the best deal I've seen. I inked a deal this week for a '21 R 18 Classic with Special Edition (chrome and pinstripe), Premium Package (reverse assist), Select Package (heated grips and alarm) and cruise control for a total of $16,000. I got the BMW finance deal to reduce that total to $14,000. I have to pay sales tax of $1120.00 when I register. Total cost to me is $15,120. I'm not sure how that compares to "out the door" pricing.
Philr18
Member
BMW is postponing your payment, at the end you are paying 17500.....do the Math your payments plus your ballon/apr/etc........they are spreading your 6 payments into it your 48 payments....correct me if im wrong.....thank you
WaydeG
Active member
This isnt a ballon payment. I confirmed with my dealer this is a simple interest loan.
At the bottom of the finance sheet 1 Ballon payment (if applicable Column 1)
Next column (2) Amp of payment "N/A"
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OilHead
Member
Good point, but actually BMW is making the first 6 payments in their entirety, not spreading that value over the life of the loan. So, the principal/pay-off at 6 months is reduced by the sum of the principal component of the six payments BMW makes over the first 6 months up to the maximum of $2,000 of payments, albeit LESS the interest component of those 6 payments, which is negligible; read on:
Given the 0.9%, simple interest rate on my loan ($15,000 principal) per month is a mere $11.25/month. So over the 6 months, that's just $67.50. That's the amount that's deducted from their committed $2,000 in payments that actually reduces the final pay-off at 6 months. You can do the math this way to confirm: 0.9% x 15,000 x 6/12 months = $67.50. So, effectively over 6 months that reduces the amount that BMW contributes to paying down the principal from $2,000 to $1,932.50.
Therefore, my principal will reduce from $15,000 to $13,067.50 at the 6-month point.
So, you're point is well taken, that you don't get the full benefit of the $2,000 knocked off the price of the bike; instead it's 96.92% of $2,000. HOWEVER, you do have to consider also the time value of money. With a 0.9% loan, I'm still better off NOT ever paying off the bike, holding BMW's money and investing it.
So, the conclusion is that the customer gets every penny of the value of that $2,000 in payments BMW is offering (in principal and a very beneficial interest rate). Anyone who doesn't take advantage of that would be making a mistake, IMHO. If you don't normally finance, do it anyway; let BMW make the first six payments, which takes $1932.50 off the price of the bike. Why would you forego that? Plus you get to keep your cash working for you for 6 months. If you do want to finance, 0.9% can't be beat PLUS you still reduce your principal on the bike at 6 months by $1,932.50. In either case the only thing you need to do to take full advantage of that is structure your payments such that the first six payments exceeds $2,000.
Hope this helps.
BeerMe
Member
Very well described Oilhead…exactly my logic. The incredible price reduction paired with a sub 1% interest rate with the first six payments made by BMW is too good to ignore for such a fantastic motorcycle, even when you have the cash, keep it in the market. That’s why I bought two of the Classics: one for a sidecar rig and the second to avoid disassembling the side car. It’s was too good of a deal to pass up. Not surprised they are running out of inventory. Now for a larger garage….
Hi everyone, I just stumbled with this thread and want to ask for recommendations on where can I go/contact to get the 2021 R18 Classic, with First Edition (Chrome is so cool), Premium and Select packages. Of course taking advantage of BMW's promotions. I appreciate any orientation, have visited 3 dealers around NOVA with out success. Thank you all. Fernando
TCClassic
Member
My dealer told me that BMW doesn't have any more 2021 R18 Classic's in the warehouse when I bought my R18C FE about 8 weeks ago. There may be a few dealers that still have inventory. I would check Cycle Trader to see if anything comes up close to where you live. I don't know if 2022 R18C's are shipping yet. My dealer here in Michigan says they don't have any on the horizon at this point. However, if you can't find a 2021 R18C, BMW is offering slightly less generous incentives on the 2022 R18B and R18TC's that might be worth considering.
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