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“Wannabe Entrepreneur” plans to sell his 2011 BMW M3 Frozen Gray production slot

Interesting | June 25th, 2010 by 22
2011-BMW-Frozen-Gray-M3-Coupe-021

A “wannabe entrepreneur” and apparently BMW fan, made some “great” business plans around the newly released, and quickly sold out, 2011 BMW M3 Frozen Gray. …

A “wannabe entrepreneur” and apparently BMW fan, made some “great” business plans around the newly released, and quickly sold out, 2011 BMW M3 Frozen Gray. Offered in a one-time deal of thirty units, the M3 Coupe Frozen Gray sold out in less than fifteen minutes when BMW of North America opened its registration phones this past Monday.

Seeing a business and possibly profitable opportunity, the “entrepreneur” quickly becomes active on some BMW forums and eBay, advertising, what he believed to be, an amazing deal: $83,000 for a car that just sold on Monday at the $77,600 sticker price.

While the car has yet to be delivered and most likely not even built yet, the only thing the shall-remain nameless “entrepreneur” planned to sell was in fact his production slot. All nice and dandy on paper, but his grand business plan fell through quickly when Jalopnik reported the story which triggered an unofficial response from an employee of a BMW dealership:

Wannabe Entrepreneur plans to sell his 2011 BMW M3 Frozen Gray production slot

BMW NA will take 30 reservations and develop a waiting list, requiring the customer to provide
name, address, phone number, e-mail address and a preferred BMW center if available. If no specific center is requested, the center tied to the customer’s Zip Code will be used.

Once the customer information is collected, the relevant center will be notified of the customer’s reservation and directed to contact the customer immediately to organize the sale of a car. The customer and center will have 10 days from the customer reservation date to complete an agreed contract for sale of a car. After 10 days, the customer reservation will expire and assigned to the next available alternate customer.

Within 10 days: The relevant BMW center must provide to BMW NA at Fax number 201-930-8484 the following: Copy of the signed buyers order or lease agreement, copy of a deposit receipt or check from the customer, and a copy of the customer’s driver’s license. Once the center/customer agreements have been received and certified for authenticity by BMW NA program headquarters, BMW will arrange shipment of one Frozen Gray M3 coupe to the relevant center for delivery to the customer.

Nothing wrong with finding ways to make money, but this one was clearly a no-brainer, and not in the positive way.

  • Jordan

    wow!.. i bet this guy has never owned a BMW in his life. it’d be funny if he didn’t even have the money for it and ended up having his slot taken by the next customer.

    this should be on FAILBLOG!

  • Manny Gomez

    I am incredibly flattered by all of the attention I am getting because of this, whether positive or negative! Please note MANY DEALERS RESERVED THE OTHER 29 SPOTS! THEY ARE SPREADING RUMORS OF THE INTERNAL DOCUMENT AND FORCING PEOPLE TO FEEL AFRAID OF GETTING RID OF THEIR SPOT IF THEY HAVE ONE SO THEY CAN RESELL THE CAR AT THE DEALER WITH A MARKUP! MY DEALER CONFIRMED THIS FOR ME!

    • Jordan

      so instead of letting the dealer “screw” another customer by upselling the vehicle, you’d like to screw the customer yourself?! ahhh i get it.

      it’s possible you don’t even have the money to buy it but are trying to, in a way, scam someone. believe me this has been tried and done many times! if you were really only trying to sell your spot then I believe a price of $5400 would have satisfied that goal.

      Don’t like to get all up in someones space but I have a personal disliking for people or corporations trying to “scam” the general public. in my eyes, this is what is happening. especially the fact that you allegedly asked for $83,000 and not just the money for the spot.

      • Doug

        I’m not keen on this practice either, but how is it a scam? A scam implies you’re giving someone a false idea of what they’re paying for.

        It may be that the purchase is made in bad faith, with respect to stipulated or reasonably understood conditions with BMW. However, if what Manny says is true, and BMW dealers themselves reserved the slots for resale (or for themselves), that’s likely also not in keeping with BMWs intentions.

    • Doug

      Btw Manny… why would you be flattered by negative criticism?

  • Manny Gomez

    AND YES, I HAVE OWNED MORE THAN 1 BMW BEFORE JORDAN THANKS!

    • Jordan

      and for all we know, you’re not even the guy that actually tried this!

  • EMPOWER

    i dont see the problem with it unless he cant afford the car in the first place. why ot wait take delivery own it for six months and sale it on. you might get your money back, and you would have 6 months of an special m3 for free besides the gas. or sale it with delivery miles and sale it for 85 k

  • Manny Gomez

    JORDAN, FEEL FREE TO LOOK UP THE POSTING ON THE FORUM, AND CONTACT ME THROUGH THERE IF YOU ARE INTERESTED, THANKS!

    • Jordan

      … lol

  • http://asdf.com asdf

    LOL thats exactly what i wrote in the prior article

  • BMfan

    I guess he wants to live the American dream and thinks starting or continuing with a limited edition of BMW wont be a bad business for him.

  • SaidSo

    Yeah Jordan, contact him!
    After all, all you have doned is bash him!
    Give it a shot!

  • Jeremy Ho

    i recall reading that thread and i remember him saying that he would be with the person that would buy his spot so essentially he will still be buying the car then handing it off to the other person.

  • John G

    I see no problem with this. If there is a market for this vehicle that is willing to pay the markup, then more power to him. We see this happen with scarce items all the time. For a car with a normal production number of around 5000 units (US model, 18000 worldwide) that came out in a limited edition of 30 units, I actually think that the markup is quite reasonable.

  • XC

    What is sadder? To be a ‘wannabe entrepeneur’? Or to be a WANNABE – ‘WANNABE ENTREPENEUR’? lol

  • John G

    I don’t see anyone on this forum so far who is a wannabe “wannabe entrepreneur”.

  • Mark

    Lol… $6k for a slot? Obviously he doesn’t have the money to pay for the car, otherwise he’d buy it and resell it for at least 30k more to a collector.

    Dunce.

  • Manny

    Mark, its not $6k for the slot, idiot, that has tax included.

  • http://www.autovip.co.uk sell bmw

    so much for that plan!

  • Manny

    THANKS FOR COMMENTING, YOU REMINDED ME TO UPDATE THIS SITE WITH THE NEWS THAT THE SLOT SUCCESSFULLY SOLD ABOUT 4 DAYS AGO.

  • http://www.uwsp.edu/ATHLETICS/mbb/past.htmPast Seasons

    Best you should change the webpage title “Wannabe Entrepreneur” plans to sell his 2011 BMW M3 Frozen Gray production slot to more better for your webpage you create. I liked the the writing nevertheless.

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