Originally Posted by alms211
This is precisely the way I go about pricing a used car. I am baffled at the number of sellers that have 2011 cars that are asking north of $60K for them.....I just priced out a 2013 E92M3.....MSRP $72K and invoice of $66K. With the $750 cash back, that car canbe purchased for $500 over invoice, or $65,750 in this case. Why in the hell would someone buy a two year old car with 8-10k miles for only $5-6k less than a brand new one?
Just a guess but I suspect some of the sellers are setting the price to equate to the payoff. I agree that a new M3 can be purchased between the mid to upper sixties (depending on equipment). It all comes to knowledge and a bit of research. From the sellers point-of-view, if they can find a buyer for their asking price (of $60k), good for them.