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08-27-2012, 02:48 PM | #1 |
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Out of State Dealer Purchase Advice
I'm considering an out of state dealer (BMW) purchase of a CPO, 2011 E92 M3 with 6,700 miles. Exterior color is Alpine White, interior is Fox Red; car has DCT, Comp, Convenience and Premium package.
The dealer is listing this car for $66K. What do you think is a fair price for this car and at what price should I start negotiating? In addition to a signed sales order from the dealer that states the agreed upon price, what else should be in hand prior to me making the trip out of state? Any other general tips or advice would be greatly appreciated! |
08-27-2012, 03:15 PM | #2 | |
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$66k is kind of high, especially since it doesn't have heated seats or enhanced premium sound. It is CPO though... tough call. Signed sales order should be fine, but be prepared to drive home again if something doesn't go right. It's only about 200-300 miles away from you so shouldn't be bad. I've been looking for awhile and saw this before (I'm in Virginia) and was going to pick this car up, but the lack of heated seats and premium sound turned me off. |
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08-27-2012, 03:29 PM | #3 | |
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08-27-2012, 03:30 PM | #4 |
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1)The fact it is a cpo is a very good thing.
2)Ask for a carfax and look it over carefully. Is it a local car. Did the dealer sell it to the original owner? Original location? Was it a lease or personal owner. Any consistent issues. Did it get a 1200 mile check up? Who did it? Note the in-service date as that tells you the end of the cpo 3) Did the previous owner(not leasor) buy "extended maintenance?" If so it's yours. 4) Price: You should be able to get a new one for $1000 over invoice. Go to this website bmwconfig.com/ , configure a new one like the one you're thinking of and I think you'll see your car is over-priced. Look around cars.com ( all over the country) and compare what other (particularly private sellers) '11s are selling for. good luck! |
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08-27-2012, 03:45 PM | #6 | |
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Yeah, I noticed the asking price is high and was thinking somewhere around $60K would be more in line. |
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08-27-2012, 07:20 PM | #7 |
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autotrader.com
cargurus.com Run last 7 of VIN at bmwvin.com to see all options and production date, but get in-service date from dealer for warranty and CPO expiration. If you don't know the package and option codes, go to http://************/97ntw7u for 2011 coupe option info. Run the Carfax and Autocheck (but don't rely solely on those). Have the dealer black out the prior owner(s) names on the DCS and send you the DCS (service, etc.) history in advance. If it checks out, offer $60k or just under and go from there. Good luck. |
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08-27-2012, 07:50 PM | #8 |
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08-27-2012, 07:51 PM | #9 | |
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$66k seems a little high.
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08-28-2012, 08:59 PM | #10 | |
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08-29-2012, 01:16 PM | #11 |
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I wouldn't pay over $59-$60k for a 2011 used. As everyone said you can get a new 2013 for around $67,500 - $68,000 (very well equipped, it's about $70k loaded with every option).
Plus, since 2013's are hitting the shores now, 2011's are technically 2 model years behind. The prices on used 2012's are still the same as NEW 2013's.. I don't get it. I still think $60k for a 2 model year old car is kind of high, but finding a 2011 M3 lower than that is nearly impossible. Best deal i've seen is a 2011 e92 w/ 8k miles fully loaded (literally everything), space grey on black, for $57,500. If I didn't hate black interiors so much and think gray on black is literally the most boring combo (no offense anyone) I would have bought it in a heart beat |
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08-29-2012, 01:28 PM | #12 |
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Go get it!
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| 2011 M3 Sedan | Le Mans Blue | M-DCT | ZC2 | ZCP | ZP3 | Moonroof | Enhanced Premium Sound | Dinan exhaust | Dinan software | Dinan pulley | Dinan intake | Dinan pedals | Bimmian LED interior | Lux H8 V3 | WeissLicht PY24W LED | 20% tint | IND reflectors | IND front grills | IND key hole cover | IND hood vents | IND M5 mirror covers | Reus Systems audio | Verstraβe shifter paddles | BBS LM 20x9 et 15 and 20x10.5 et 15 | Hankook Ventus V12 255/30/20 and 295/25/20 | Red BBS Racing lug nut kit | H&R Sport springs |
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08-30-2012, 02:34 PM | #13 | |
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OP, if you're interested in the 2011, don't go by the model year but the in service date. It determines your warranty end date. As for your 335i, I traded mine in to Carmax in White Marsh, MD yesterday for 22k :/ 08 335i, pretty loaded with only 44k miles with 2 days left of warranty
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Current - 2012 AW/FR E92 M3 | 2014 AW X5 | 2015 MB S550 | 2016 RR V8 (White FTW) Mods - BPMTune Stg1/Servo, Euro Visors & Side Mirror, IND Gloss Blk Pkg, OEM Perf. CF Trim/Spoiler, Grills, Lights, Pedals, Umnitza V4 AE, ModeCarbon GTS V1, 19" HRE P40 Sold - 2008 BSM/Black E92 335i |
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08-30-2012, 04:28 PM | #14 | ||
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08-30-2012, 04:38 PM | #15 | |
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In reference to trade ins, Carmax is best right now. I've noticed dealers low balling the hell out of everyone lately. Like lowballs so low it's laughable. Hard times I guess here's a pic I found for reference: |
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08-30-2012, 04:43 PM | #16 |
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Even better pic (this is why I think i'm waiting for a used mineral white instead of alpine):
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08-30-2012, 04:53 PM | #17 | |
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The only other color I'd be interested is SGM. I've been looking at used for several months. Now I'm starting to wonder if I should go for it and buy new. |
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08-30-2012, 05:10 PM | #18 | |
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I don't know about MD but certain states allow for a tax deduction on your trade in so that's potentially another $2000 for your trade. [Edit] Sorry, just saw sterling bmw up there. lol
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Current - 2012 AW/FR E92 M3 | 2014 AW X5 | 2015 MB S550 | 2016 RR V8 (White FTW) Mods - BPMTune Stg1/Servo, Euro Visors & Side Mirror, IND Gloss Blk Pkg, OEM Perf. CF Trim/Spoiler, Grills, Lights, Pedals, Umnitza V4 AE, ModeCarbon GTS V1, 19" HRE P40 Sold - 2008 BSM/Black E92 335i |
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08-30-2012, 06:36 PM | #19 | |
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Hell get it new. My '13 with pretty much everything was
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"Team 6SP/Moonroof" Last edited by hpc3; 08-30-2012 at 07:48 PM.. |
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08-30-2012, 08:27 PM | #20 | |
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08-30-2012, 10:41 PM | #21 | |
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They are pretty anal about their prices though; Fairfax BMW seems to haggle better. A used SGM e92 fully loaded just sold a few weeks back in PA for $57,500. It had 9000 miles. Not trying to rub it in =P |
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