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Re:need an M3

I am trying to locate a 96 M3, black or silver, preferrably.  I have 
gotten quotes that range from 2500-3000 over invoice, which seems a bit 
much too me.  I think that since I am willing to walk in with cash in 
hand, I should be able to get a car for 1500-2000 over invoice, is this 
realistic or a pipe dream?  Should I settle on a demo low mile used car, 
96 model also?  I havent purchased a BMW before, but have purchased 
about 10 previous new american and japanese autos, including some 
limited production units and have always been able to haggle the price 
more effectively when I wasnt depending on financing the car.  I have 
heard that you should try for 8-12% off the MSRP, which would put the 
car more in the range that I am trying to get to.  Thanks for any help 
you can offer.

Lowell

95 supercharged Z28--going bye bye, I need a back seat.
96 celica GT--replaced the 96 4 runner, hence the need for a back seat.