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      02-28-2012, 02:08 AM   #1
nastynogales
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Did I get hosed? CPO M3 - $50K

Let me know if this was decent as KBB price was $48K...

2008 M3 Cabrio
- CPO w/ 45,200 miles, warranty expires 100K or Oct 2014
- White/Fox Red
- One owner, maintained very well
- Pretty basic except for 19" forged wheels and heated seats
$42,400

No-maintenance plan until 100K or Oct 2014
$3,400

+ taxes/fees = $50K OTD
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      02-28-2012, 09:25 AM   #2
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I think it sounds good especially since you have warranty and maintenance still.
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      02-28-2012, 09:49 AM   #3
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Sounds about right for CA car in really good condition, but at $42k for an 08' M, I think you could knock off $2-3k more off the base price for the car. 45k is relatively A LOT of miles.
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      02-28-2012, 10:05 AM   #4
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you should have bought mine for 35k although i have 60k miles all documents are in hand and and car still looks new ... LOL... seriously ...

oh with that price you could have gotten a 09...
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      02-28-2012, 11:19 AM   #5
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That sounds about right. It's CPO, that adds about $4-5K to the value. Plus it's in California where the M3 is in high demand which means higher prices.
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      02-28-2012, 11:48 AM   #6
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let me get this straight, the car was already CPO'd but you paid an extra $3400 for maintenance plan? I think that is a rip off for just 2-3 oil changes, and a diff/tranny-fluid/spark plug change. At most, out of pocket, you'll pay around $1000 for that in the next 2 years.

The car with just the CPO at $42k is reasonable as the CPO is work about $3K.
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      02-28-2012, 02:11 PM   #7
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Thanks everyone. So is the no-maintenance plan even worth it? I bought a CPO and the no-maintenance plan so I could have piece of mind.... this is my first german car and I've heard nothing but expensive maintenance bills from other bmw owners...

better question is... what doesn't the no-maintenance/warranty not cover? I'm more concerned about the clutch and the hardtop mechanics...
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      02-28-2012, 02:24 PM   #8
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Oh and I was very particular with the M3 I wanted. It had to be a convertible with white with red interior. I searched nationwide but luckily the dealership down the street had the one I wanted...
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      02-28-2012, 02:36 PM   #9
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Did I get hosed? CPO 2008 M3 $50K

You can buy low mileage 2011s for low-mid $50K..and still have the balance of the 4 yr factory warranty good until 2014

Sorry guy..i say yes
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      02-28-2012, 02:42 PM   #10
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Quote:
Originally Posted by nastynogales View Post
Thanks everyone. So is the no-maintenance plan even worth it? I bought a CPO and the no-maintenance plan so I could have piece of mind.... this is my first german car and I've heard nothing but expensive maintenance bills from other bmw owners...

better question is... what doesn't the no-maintenance/warranty not cover? I'm more concerned about the clutch and the hardtop mechanics...
oh I see, the CPO and Maintenance together cost $3400? That's more like it, yeah, it's a piece of mind you're buying. The most common problems we've seen in our M3s are:

1. Idle air control valve failure
2. bent valve stems
3. some E93s had roof issues
4. some emission sensor issues

So at the end of the day, you still overpaid for the M3, at $42k without extended, it's about $2k-$3k more given the miles. But others have noted, E93s are more expensive, but shouldn't be that much more, and you are in the California market.

your original post is confusing, you should strip out all the line items, taxes, CPO&maintenace charge, other fees to make it comparable.

Last edited by mdosu; 02-28-2012 at 03:17 PM.
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      02-28-2012, 02:59 PM   #11
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Quote:
Originally Posted by tibra1 View Post
You can buy low mileage 2011s for low-mid $50K..and still have the balance of the 4 yr factory warranty good until 2014

Sorry guy..i say yes
I think the price varies quite a bit depending on whether it is "stripped" or "equipped", as you know there can be $20K MSRP difference between fully equipped and absolute base model. Think you need to look at each car individually and consider the "packages" and "options" level of the car, not to mention mileage which also can vary quite a bit.
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      02-28-2012, 03:00 PM   #12
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Quote:
Originally Posted by YolkyPalky View Post
I think the price varies quite a bit depending on whether it is "stripped" or "equipped", as you know there can be $20K MSRP difference between fully equipped and absolute base model. Think you need to look at each car individually and consider the "packages" and "options" level of the car, not to mention mileage which also can vary quite a bit.
This is true...but generally speaking I think $50K for a 2008 even if its a CPO..is top retail
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      02-28-2012, 04:02 PM   #13
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$42 to $43K for a CPO with those miles is good. I'm looking for a similar type deal on the east coast and all the dealers want mid 40's for a CPO'd car

Jeff
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      02-28-2012, 04:54 PM   #14
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Quote:
Originally Posted by jlee View Post
$42 to $43K for a CPO with those miles is good. I'm looking for a similar type deal on the east coast and all the dealers want mid 40's for a CPO'd car

Jeff
it was $42 before CPO price was added.
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      02-28-2012, 05:26 PM   #15
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Quote:
Originally Posted by mdosu View Post
oh I see, the CPO and Maintenance together cost $3400? That's more like it, yeah, it's a piece of mind you're buying. The most common problems we've seen in our M3s are:

1. Idle air control valve failure
2. bent valve stems
3. some E93s had roof issues
4. some emission sensor issues

So at the end of the day, you still overpaid for the M3, at $42k without extended, it's about $2k-$3k more given the miles. But others have noted, E93s are more expensive, but shouldn't be that much more, and you are in the California market.

your original post is confusing, you should strip out all the line items, taxes, CPO&maintenace charge, other fees to make it comparable.
Actually E93s sell for less than the E92 in the used market. E93s are less desirable.

The maintenance plan should not cost $3400. I was quoted around $1700 or so for maintenance plan and even at that price it is not worth it. They'll do a couple of oil changes and change the spark plugs within 2 years.
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      02-28-2012, 06:12 PM   #16
nastynogales
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Quote:
Originally Posted by mdosu View Post
it was $42 before CPO price was added.
Actually it was $42.4K as CPO + $3400 no-maintenance + taxes/fees = $50K OTD. I don't think they can add CPO to the car - either it is or it isn't. As a non-CPO car I'm sure the car would be worth high 30's.


Aren't the brake jobs around $1800 for the fronts? I drive 20K+ miles a year so I'll definitely be getting those done.
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      02-28-2012, 07:43 PM   #17
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You need to read the fine print on those extended warranty/ maintenance plans. They're not comprehensive.

But they're marketed as "peace of mind".

Check to see if the mechanical top is included or not.

Still, I think CPO is worth it. Maintenance plan? No way. Especially not at $3400.
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      02-28-2012, 10:51 PM   #18
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Quote:
Originally Posted by Z K View Post
Actually E93s sell for less than the E92 in the used market. E93s are less desirable.

The maintenance plan should not cost $3400. I was quoted around $1700 or so for maintenance plan and even at that price it is not worth it. They'll do a couple of oil changes and change the spark plugs within 2 years.
Not sure how thats possible in SF but its certaintly not the case here. I can't find a cab here..there are barely any 09s or 10s and for some reason there are some 11s. I can't take a step without tripping over a coupe or sedan..

jeff
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      03-16-2012, 07:44 PM   #19
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How much were the taxes?

Also, it can help you when it comes to save, while tech savvy forum members don't find value in Maint & Warranty until 100K that is a big perk when it comes time to selling it.

Also, if you get a CLEAN car, it's worth it. There are some badly abused M3s out there, if the interior and exterior, look good, be content.

The used M3 market is a roll of the dice, you'll see posts all over the forum about members who redlline all the time, while others baby their cars...
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      03-17-2012, 06:57 PM   #20
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Pricey, but if you absolutely had to have white/red, then at least you got what you wanted. Better than pay $40k for something you end up regretting
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      03-19-2012, 07:38 PM   #21
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Quote:
Originally Posted by Nine View Post
How much were the taxes?

Also, it can help you when it comes to save, while tech savvy forum members don't find value in Maint & Warranty until 100K that is a big perk when it comes time to selling it.

Also, if you get a CLEAN car, it's worth it. There are some badly abused M3s out there, if the interior and exterior, look good, be content.

The used M3 market is a roll of the dice, you'll see posts all over the forum about members who redlline all the time, while others baby their cars...
Taxes came out to $4,200. It's a clean car through and through, so IMHO, it's all worth it.
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