How much did you pay for your used M3?

[druheezy]

December 2011
2008 Sedan Jerez Black Metallic
39,000 miles
6-Speed Manual
Premium + Technology, EDC, Carbon Fiber interior w/ Novillo, PDC, Moonroof, Comfort Access, 19" wheels, Heated Seats, Warranty & Maintenance

$39,000

[Crisp]

Originally Posted by esk8mw

I'm new to my m3 search so apologies in advance if these are stupid questions:

1. I found a 2008 E90 DCT at a non-BMW dealer (trade-in, non-CPO) with just 9000 miles and a price of $42k. The car is lightly optioned (just cold weather pkg and aluminum trim) but that doesn't bother me too much. The carfax is clean, 1 owner, but there's a quirk - the in-service date is 12/2009. Any idea why this could be? I find it hard to believe that a 2008 sat on a lot for this long without being bought. I see the benefit of having basically 2 years/41k miles left on the factory warranty but the dealer did not know why the in-service date was so late. Anything I should be looking out for?

2. Right now the market is flooded with 2008s (I'm guessing because they are coming off leases) but I'd like to get an updated 2009 model. When will the 2009s begin flooding the market and begin drifting towards the current 2008 prices? I'm not in a big rush to buy but was wondering if this would begin happening by Spring, Summer, Fall, etc? I also wouldn't want to buy a 2008 now only to find out that I could have had a substantially similar 2009 for the same price in 2-3 months or whatever.

Thanks for any help.

Ekkk.

That first option doesn't sound good to me. That's actually what some scum people I know do to roll back miles, especially on a lease. They do the maintenance, but not at the dealer. Thus, the only recorded milage on a car is from very long ago and accurate. Any miles they add from 2009 to 2011, they just roll back and make it look like the car only did 6k miles from 2009 to 2011 instead of the actual 24k or more miles.

If I was to buy an M3, I would want to see full service records and miles. Even if the owner didn't save the paperwork, the dealer would be able to pull that info up for you.

Just my opinion. Good luck.

[banshee350]

When purchased:1/6/12
Year and Model:08- m3 e90 blue
Miles:37k
Options:tech package and winter package
Transmission:6mt
paid 37k

[mdosu]

Originally Posted by esk8mw

I'm new to my m3 search so apologies in advance if these are stupid questions:

1. I found a 2008 E90 DCT at a non-BMW dealer (trade-in, non-CPO) with just 9000 miles and a price of $42k. The car is lightly optioned (just cold weather pkg and aluminum trim) but that doesn't bother me too much. The carfax is clean, 1 owner, but there's a quirk - the in-service date is 12/2009. Any idea why this could be? I find it hard to believe that a 2008 sat on a lot for this long without being bought. I see the benefit of having basically 2 years/41k miles left on the factory warranty but the dealer did not know why the in-service date was so late. Anything I should be looking out for?

2. Right now the market is flooded with 2008s (I'm guessing because they are coming off leases) but I'd like to get an updated 2009 model. When will the 2009s begin flooding the market and begin drifting towards the current 2008 prices? I'm not in a big rush to buy but was wondering if this would begin happening by Spring, Summer, Fall, etc? I also wouldn't want to buy a 2008 now only to find out that I could have had a substantially similar 2009 for the same price in 2-3 months or whatever.

Thanks for any help.

1. yes very wierd. I woudl inquire about what the hell happened. Either it was gross neglience or mistakenly not recored it's 1200 break in service. One thing to keep in mind 2008 DCT E90s were produced in late 2008. it's conceivable this car did not get it's first service until 2009, given it's extreme low miles. What was the mileage on the 12/2009 service?

I bought something very similar. In 6/2010, I bought a 2008 E90 with only 8200 miles. It had it's 1200 service properly done, but it missed it's first annual oil change (around 5/2009), and was driven only about 6k miles until 3/2009 where it sat in a garage. The car then got it's oil changed on 6/2010 when i picked it up.

2. I feel like you can get a non-CPO 2009 E90 with around 15k miles with most options in the $47k range now. Be patient and counter offer this range.

[esk8mw]

Thanks for the responses. I now have the autocheck and the carfax on the car and the data is just weird.

Carfax: 6/16/08 - Mileage 506, vehicle offered for sale, online listing
Autocheck: 12/4/09 - mileage 506, registration/lien reported
Carfax: 7/23/10 - mileage 3274, tires balanced (local non-BMW shop)

And that's...it. Both say no problems reported, etc. But how can a brand new car sit on an online listing for a year and a half, accrue 0 miles, and then get registered for the first time? Something is not adding up.

I asked the (again, non-BMW) dealer if they had access to the service records and said that all the seller said was that he changed the oil regularly (um?). The dealer is a major, well-known dealer (not some rinky dink used car lot) so I'd be pretty surprised if they were complicit in any shady dealings.

I think at this point I'll be moving on but I would still be interested in any possible explanation for the data.

[mdosu]

Originally Posted by esk8mw

Thanks for the responses. I now have the autocheck and the carfax on the car and the data is just weird.

Carfax: 6/16/08 - Mileage 506, vehicle offered for sale, online listing
Autocheck: 12/4/09 - mileage 506, registration/lien reported
Carfax: 7/23/10 - mileage 3274, tires balanced (local non-BMW shop)

And that's...it. Both say no problems reported, etc. But how can a brand new car sit on an online listing for a year and a half, accrue 0 miles, and then get registered for the first time? Something is not adding up.

I asked the (again, non-BMW) dealer if they had access to the service records and said that all the seller said was that he changed the oil regularly (um?). The dealer is a major, well-known dealer (not some rinky dink used car lot) so I'd be pretty surprised if they were complicit in any shady dealings.

I think at this point I'll be moving on but I would still be interested in any possible explanation for the data.

It's a demo car. 500 miles with no registration...maybe they changed the oil, maybe they didn't, probably no harm done.

[esk8mw]

That's what I initially thought too, but how to explain the gap from 6/16/08 to 12/4/09 where the mileage sat at 506 and 0 miles were put on the car?

No one touched this new car for a year and a half? Not even a test drive? Too weird. Unless the carfax and autocheck just malfunctioned or whatever.

[urBan_dK]

2008 E90 M3, 37k miles.

Premium package, Technology Package, Enhanced Premium Sound, Heated Seats, Parking Assist, iPod Integration, Satellite radio, 220M 19" wheels.

Arctic White with Black interior.

Purchased 12/29/2011, $36k. Lease buyout.

Clean car, one small door dent, slight scuff (1 inch long) near bottom of front bumper, two nicks on wheels.

Still one year on factory warranty.

[Salna]

Originally Posted by mdosu

2. I feel like you can get a non-CPO 2009 E90 with around 15k miles with most options in the $47k range now. Be patient and counter offer this range.

I haven't seen any in that range, am I looking in the wrong places?

[Mbauer]

Originally Posted by Salna

I haven't seen any in that range, am I looking in the wrong places?

No you wont. We had a 09 last month loaded with 15k, we were in it for 52k.

[mdosu]

Originally Posted by Salna

I haven't seen any in that range, am I looking in the wrong places?

have you offered?

[martyallthetime]

Originally Posted by rydr

Specify the following details

When purchased:
Year and Model:
Miles:
Options:
Transmission:

Let's see how the market for these cars is doing.

Jan 2012

08 E90 Alpine White/Red interior

38k

Mint condition
Full loaded all packages w/ 100% new run flat tires and threw in 18s w/ winter tires.
Non-CPO

40,592

[martyallthetime]

6 speed mt

[VitaminT]

Originally Posted by martyallthetime

Jan 2012

08 E90 Alpine White/Red interior

38k

Mint condition
Full loaded all packages w/ 100% new run flat tires and threw in 18s w/ winter tires.
Non-CPO

40,592

Nooooooooo. I will say my buddy has the PS2 ZPs and they aren't bad but the Bridgestone RE-050a are aweful.

[babbs]

2008 E90
22k miles
Novillo leather
Rear PDC
Navi
19"
6MT
iPod interface
Enhanced premium sound
CPO with 10 months of factory warranty remaining
44k OTD

[babbs]

Comfort access
Rear shades

[folgrz]

Originally Posted by urBan_dK

2008 E90 M3, 37k miles.

Premium package, Technology Package, Enhanced Premium Sound, Heated Seats, Parking Assist, iPod Integration, Satellite radio, 220M 19" wheels.

Arctic White with Black interior.

Purchased 12/29/2011, $36k. Lease buyout.

Clean car, one small door dent, slight scuff (1 inch long) near bottom of front bumper, two nicks on wheels.

Still one year on factory warranty.

How do you guys get these lease buyouts?

Ask the dealer if they have any cars coming back, or do you have to know somebody that is in the lease returning the car? I'm going to start M3 shopping very soon and if I can grab one for $36k I would be stoked!!

[urBan_dK]

Originally Posted by folgrz

How do you guys get these lease buyouts?

Ask the dealer if they have any cars coming back, or do you have to know somebody that is in the lease returning the car? I'm going to start M3 shopping very soon and if I can grab one for $36k I would be stoked!!

This particular one was an eBay purchase. Just happened to luck out on an auction that was literally ending on Christmas day so I just placed a bid and no one tried sniping me.

Took a pretty huge risk, admittedly. All I had to go on were the seller's word, high res pictures, clean vehicle history, and the eBay buyer protection. I figured if I flew down and it was a disaster (WA to CA) I would just be out taxi fare and a round trip flight.

[urBan_dK]

I have also read lease residuals on 08's were lower than later years, and many of them are coming off lease right now.

[martyallthetime]

Originally Posted by martyallthetime

Jan 2012

08 E90 Alpine White/Red interior

38k

Mint condition
Full loaded all packages w/ 100% new run flat tires and threw in 18s w/ winter tires.
Non-CPO

40,592

sorry no run flats just michelin pilot sport tires... misinformed atleast they are brand new.

[pak10]

When purchased: Jan 2012
Year and Model: 08 E92 Jet Black on Black
Miles: 17K
Options: Cold weather, Tech
Transmission: 6MT


Picked it up for $40K

[dnotorious]

When Purchased: Jan 21 2012
Year and Model: 08 E90 Alpine White on Bamboo Beige Novillo
Miles: 21,000 Miles (33,934 Kms)
Options: Cold Weather, Executive Package, Carbon Fiber Trim
Transmission: 6MT
Price: $56,127 (CAD)
CPO - Warranty to 160Kms