BMW Garage BMW Meets Register Today's Posts
BIMMERPOST Universal Forums General Automotive (non-BMW) Talk + Photos/Videos Confused...need some math help (Lambo MSRP - Trade)

Post Reply
 
Thread Tools Search this Thread
      09-10-2008, 05:42 PM   #1
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Confused...need some math help (Lambo MSRP - Trade)

okay so at the lambo dealership I was checking out a Nera gallardo with my dad and after negotiation we got to:

$119,000 + $90,000 = $209,000

we offered $115,000 + $90,000 = $205,000

they called back and said they could do:

$118,500 + $92,000 = $210,500

Now I'm lost because if they're taking $500 off their price + giving us $2000 extra for our trade, why does the MSRP become $1,500 higher? Which is the best deal?

I feel like I'm overlooking something out of pure excitement and thought I'd double check.

Thanks for reading
Appreciate 0
      09-10-2008, 05:56 PM   #2
BMW F22
Major General
BMW F22's Avatar
United_States
3566
Rep
9,788
Posts

Drives: ///M235i
Join Date: Nov 2005
Location: Bay Area

iTrader: (8)

You're doing the math wrong. If they are giving you more money for the trade-in you should take that off of the selling price. Thus your total should be as followed:

$118,500 - $2000 extra that you got for the trade in= $116,500 + $90,000 that you originally got. So you should end up with $206,500.
Appreciate 0
      09-10-2008, 05:57 PM   #3
Year's_End
Lieutenant General
Year's_End's Avatar
United_States
1138
Rep
12,444
Posts

Drives: 2020 Shelby GT350
Join Date: Feb 2007
Location: FL

iTrader: (0)

I'm so freakin envious of you man.
__________________
Past: '08 E92 335i|ZPP|ZSP|6AT
Past: '15 Mustang GT|401A|PP|6MT
Current: '20 Shelby GT350|6MT
Appreciate 0
      09-10-2008, 06:01 PM   #4
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by Kenny@JleviSW View Post
You're doing the math wrong. If they are giving you more money for the trade-in you should take that off of the selling price. Thus your total should be as followed:

$118,500 - $2000 extra that you got for the trade in= $116,500 + $90,000 that you originally got. So you should end up with $206,500.
That's what I thought initially but then I took out the pen and paper and did the math (wrong, it seems..lol). Either I'm doing the math wrong or the dealer is trying to mix numbers to get what they want. I'll see whats up tomorrow and let you guys know.
Appreciate 0
      09-10-2008, 06:02 PM   #5
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by Kenny@JleviSW View Post
You're doing the math wrong. If they are giving you more money for the trade-in you should take that off of the selling price. Thus your total should be as followed:

$118,500 - $2000 extra that you got for the trade in= $116,500 + $90,000 that you originally got. So you should end up with $206,500.
P.S. Thanks
Appreciate 0
      09-10-2008, 06:03 PM   #6
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by Bimmer Loyalist View Post
I'm so freakin envious of you man.
I'm trying not to get too psyched in case the deal falls apart. If the deal DOES go through, I get to use the car ALL WEEK!!! And my dad might take it out on occasion
Appreciate 0
      09-10-2008, 06:05 PM   #7
BMW F22
Major General
BMW F22's Avatar
United_States
3566
Rep
9,788
Posts

Drives: ///M235i
Join Date: Nov 2005
Location: Bay Area

iTrader: (8)

Quote:
Originally Posted by xxballinboi786 View Post
That's what I thought initially but then I took out the pen and paper and did the math (wrong, it seems..lol). Either I'm doing the math wrong or the dealer is trying to mix numbers to get what they want. I'll see whats up tomorrow and let you guys know.
Yeah the numbers you posted didn't make any sense. They either (a) supposedly bumped the trade-in to $92k just to please you on paper (which doesn't make any sense since you will end up paying more than you were going to in the first place) or (b) you misunderstood what they said and forgot to take the $2k off the price to balance off the higher trade-in value.
Appreciate 0
      09-10-2008, 08:10 PM   #8
OBI_agent
D to the X to the B!
OBI_agent's Avatar
United Arab Emirates
345
Rep
2,106
Posts

Drives: ABS,American bargain supercar
Join Date: Jul 2007
Location: Dubai

iTrader: (0)

Quote:
Originally Posted by Bimmer Loyalist View Post
I'm so freakin envious of you man.
+1....
__________________
11 corvette C6
Appreciate 0
      09-10-2008, 08:30 PM   #9
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by Kenny@JleviSW View Post
Yeah the numbers you posted didn't make any sense. They either (a) supposedly bumped the trade-in to $92k just to please you on paper (which doesn't make any sense since you will end up paying more than you were going to in the first place) or (b) you misunderstood what they said and forgot to take the $2k off the price to balance off the higher trade-in value.
Alright, so my dad just came home and confirmed what you said. The excitement is getting to my head!!!!
Appreciate 0
      09-10-2008, 10:38 PM   #10
Amir87
Gruppe Titan
Amir87's Avatar
Pakistan
262
Rep
2,839
Posts

Drives: 08 E92 SG/Coral
Join Date: Sep 2007
Location: NC

iTrader: (37)

Garage List
2008 E92 335i  [10.00]
You remind me of me when I was younger and my dad had a Ferrari...

Enjoy it man!
__________________
Appreciate 0
      09-11-2008, 07:54 AM   #11
Greeney
Brigadier General
Greeney's Avatar
United_States
213
Rep
3,835
Posts

Drives: Jerez E90 M3
Join Date: May 2006
Location: Westchester, NY / Fort Lauderdale, FL

iTrader: (4)

I dont mean to be blunt, but you are going to look like a total asshole driving around in a lambo for a week. I am envious you have the opportunity too, but you need to realize what this entire thread looks like from someone elses perspective.
__________________
11' E90 M3 6MT | Jerez Black | Black Ext./Carbon | ZCP | ZCW | ZPP | ZTP | 302 | 403 | 507 | 5AC | 655 | 6FL | 752 |
15' F80 M3 6MT | Black Saphire | Black Full | ZEC | ZLP | 2VF | 2VZ | 5DL | 688 |
Appreciate 0
      09-11-2008, 08:04 AM   #12
gonzo
Lieutenant General
gonzo's Avatar
United_States
10202
Rep
14,398
Posts

Drives: as many as possible
Join Date: Jan 2007
Location: TeXXXas

iTrader: (0)

Envy (also called invidiousness) may be defined as an emotion that "occurs when a person lacks another’s superior quality, achievement, or possession and either desires it or wishes that the other lacked it."[1]

It can also derive from a sense of low self-esteem that results from an upward social comparison threatening a person's self image: another person has something that the envier considers to be important to have. If the other person is perceived to be similar to the envier, the aroused envy will be particularly intense, because it signals to the envier that it just as well could have been him or her who had the desired object
__________________
Crazy Diamond
Appreciate 0
      09-11-2008, 09:06 AM   #13
AwesomeM3
Colonel
AwesomeM3's Avatar
United_States
1644
Rep
2,775
Posts

Drives: F95 X5MC
Join Date: Oct 2007
Location: New Jersey

iTrader: (0)

Garage List
2015 BMW X5 M  [10.00]
2020 BMW X5M Compet ...  [0.00]
2008 M3  [10.00]
Just curious, why are you getting rid of the SL550 Silver Arrow Edition?
__________________
2020 F95 X5///M Competition CarBahn Autoworks Stage 1 | 2023 Lamborghini Huracan Tecnica
Appreciate 0
      09-11-2008, 10:27 AM   #14
TheAcAvenger
Brigadier General
TheAcAvenger's Avatar
United_States
134
Rep
3,132
Posts

Drives: 2018 R35 GTR / 2007 E92 335i
Join Date: Apr 2006
Location: 757 > Nova > Denver

iTrader: (1)

Damn, I like you on the forums, but you're definitely the kind of kid I would've beat down in high school.
__________________
2018 R35 GT-R Cicio800 | 2007 E92 335i - RB Turbos, TC Kline DA Coils, HPA M3 Suspension, Quaife LSD, Stoptech BBK, JB4, FuelIT, AR Downpipes, RDSport Quads, Stett OC, Helix IC, Volk TE-37, Vorsteiner V-35, OSS Headlights | Retired - 2015 F82 M4
Appreciate 0
      09-11-2008, 10:37 AM   #15
iatacs19
Major General
iatacs19's Avatar
United_States
459
Rep
5,319
Posts

Drives: 2016 SO M4
Join Date: Sep 2006
Location: Washington, DC

iTrader: (8)

Seems ridiculous how little they are discounting the car, I mean a few thousands dollars doesn't even make a dent on such a high price... The dealer is tricking to nickle and dime you on a $200k transaction.

But, either way congratulations on an awesome car!!!
__________________
Appreciate 0
      09-11-2008, 11:36 AM   #16
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by Greeney View Post
I dont mean to be blunt, but you are going to look like a total asshole driving around in a lambo for a week. I am envious you have the opportunity too, but you need to realize what this entire thread looks like from someone elses perspective.
I dont understand why I would seem like an "asshole". I also dont know what you mean by "a week". My dad's getting the car, but he's giving me both keys (mainly so the women in the house wont touch it). I can drive it wherever I want but I'm obviously not gonna take it to school.
Appreciate 0
      09-11-2008, 11:38 AM   #17
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by TheAcAvenger View Post
Damn, I like you on the forums, but you're definitely the kind of kid I would've beat down in high school.
lol...good thing im a regular at the gym
Appreciate 0
      09-11-2008, 11:42 AM   #18
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by iatacs19 View Post
Seems ridiculous how little they are discounting the car, I mean a few thousands dollars doesn't even make a dent on such a high price... ThMe dealer is tricking to nickle and dime you on a $200k transaction.

But, either way congratulations on an awesome car!!!
MSRP on the car is $257,695...so theyre giving us a hell of a deal
Appreciate 0
      09-11-2008, 12:23 PM   #19
Sal@AUTOcouture
Sal@AUTOcouture's Avatar
733
Rep
10,105
Posts

Drives: E93 M3, E36 M3
Join Date: Feb 2007
Location: Sofla

iTrader: (30)

Quote:
Originally Posted by xxballinboi786 View Post
MSRP on the car is $257,695...so theyre giving us a hell of a deal
yes and no. Yes (~$40k off), No because the car is technically "old" w/ the LP560 out. And judging by how Lambo's LOVE to depreciate, it might be worth it for your dad to focus on an LP560 instead of the Nera.


As for your math, not really sure why you're showing it as X + X = sell price

Focus on Sale Price-Trade= Net $$ on top of trade so it alleviates the confusion.
Appreciate 0
      09-11-2008, 01:58 PM   #20
just4kickz
boku no namae ha...
United_States
336
Rep
11,025
Posts

Drives: 2006 BS 330i
Join Date: Feb 2006
Location: S. Bay Area, CA + Newark, NJ + ChiCity + True Blue

iTrader: (11)

Garage List
2006 E90 330i  [0.00]
Quote:
Originally Posted by xxballinboi786 View Post
lol...good thing im a regular at the gym
u powerlift at all?
__________________
looking for a PreLCI Black Sapphire e90 front bumper without license plate holes

"Akimbo shotguns. Broken wrists anyone? And don't give me that 'it's just a game' bull****. Where the **** are my akimbo interventions then?! One scope on each eye mother****er!!"
Appreciate 0
      09-11-2008, 02:45 PM   #21
xxballinboi786
Captain
xxballinboi786's Avatar
444
Rep
734
Posts

Drives: Lamborghini
Join Date: Jun 2007
Location: NY

iTrader: (0)

Quote:
Originally Posted by just4kickz View Post
u powerlift at all?
used to but i didnt like the bulky look too much...just trying to get to 210 lbs at 8% bf at the moment..must admit though, nothing feels better than the rush you get after beating the record of your previous lift
Appreciate 0
      09-11-2008, 08:05 PM   #22
Greeney
Brigadier General
Greeney's Avatar
United_States
213
Rep
3,835
Posts

Drives: Jerez E90 M3
Join Date: May 2006
Location: Westchester, NY / Fort Lauderdale, FL

iTrader: (4)

As long as you dont bring the thing to school your fine hah.
__________________
11' E90 M3 6MT | Jerez Black | Black Ext./Carbon | ZCP | ZCW | ZPP | ZTP | 302 | 403 | 507 | 5AC | 655 | 6FL | 752 |
15' F80 M3 6MT | Black Saphire | Black Full | ZEC | ZLP | 2VF | 2VZ | 5DL | 688 |
Appreciate 0
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 08:29 PM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST