2001 was a great year for me: I had a job that I loved right in midtown Manhattan (in the middle of the fashion district too, lots of eye candy), a bachelor pad, I got my first new car, spent summer weekends at the Jersey shore, and toward to end of the year I met my future wife. Great year, except for that whole 9/11 thing.
That 2001 BMW 330i was the only car, of the dozen or so that I owned, which I have purchased new. I actually wanted a used E36 M3, but after finding out that insurance would cost me around $2400/year, I looked into other options. The new for 2001 330i, upgraded from 328i, delivered 85-90% of the realistic street performance I would get from an E36 M3. While I couldn’t afford a new $40,000 car, I could, like everyone else who got a new E46, afford the lease payments.
I went in on March 29th to ask about a 330i sedan with a manual transmission and no other options than a sport package. They had two black cars, but they were loaded; both had leather, sunroof, HIDs, CD player, which were all stand alone options. The biggest difference between the two cars was that one had a premium package and other a cold weather package. I chose the one with the cold weather package for its aluminum trim and folding rear seats which allowed for transportation of my mountain bike inside. I got the price… and slept on it. And I made a few phone calls to other dealerships.
I wasn’t decided by the 30th. On the 31st I got a call – “Kamil, it’s the end of month. It’s the end of the quarter, I’m going to give you a deal you’d be insane to pass up, but you need to come in TODAY with a check for $1100 and process the paperwork…”
On April 4th, at 2:30pm, I picked up my first new car… and it was amazing, everything about it. I used to smile when I was writing out the monthly check to pay for that thing because, to me, it was worth every penny.
There a Hooniverse Asks question in this story too, and that is – with today being Black Friday, when is the best time to buy a brand new car?
Some say September or November, when next year’s models start rolling out. Others say at the end of any month. Others say during a snow storm at the end of December. Others say in depends on the model, dealer inventory, and factory incentives. What do you think? What are your experiances?