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Steve Thomas BMW
View Poll Results: Would you buy this M3 at http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml
Yes, good buy 5 19.23%
No, too many red flags 21 80.77%
Voters: 26. You may not vote on this poll

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      09-23-2012, 12:29 PM   #1
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Would you buy this M3?

I asked the dealer why it's so cheap, and they said it's because nobody that goes to Chevrolet is interested in that particular car. So they are selling it at a loss. Something sounds fishy, especially this part:

"WAS $47,991, GREAT DEAL $9,700 below NADA Retail. Heated Leather Seats, Premium Sound System, Convertible Hardtop, Rear Air, Alloy Wheels, Overhead Airbag, Heated Mirrors. 4 Star Driver Front Crash Rating."

It's got low miles, and a great color combo. The carfax indicates an accident, and it has an accident report available. I haven't seen it yet, but the dealer says it was a "parking lot incident" and thankfully the guy that owned it then was a "body shop guy."

Here's the link to the autotrader ad:

http://www.autotrader.com/cars-for-s...24124089&Log=0

What do you think?
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      09-23-2012, 12:43 PM   #2
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I would stay away anytime the word "accident" has been mentioned with a potential car purchase.

Last edited by mcmastah; 09-23-2012 at 02:53 PM.
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      09-23-2012, 01:01 PM   #3
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i would say start by going to actually look at it, drive it etc... if it feels and looks good go from there. Do you like the color combo, stick shift, no nav, no competition and a convertible? If so then have auto check.com or similar check it out. Maybe a body shop would even look at it for you. We have all driven cars that we wrecked in our lifetimes... where they junk from there on out. Mine wasn't. I always think it takes a certain type of dealer to handle a special car like that, in turn a chevy store might have to sell based on discounted price. Good luck!
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      09-23-2012, 03:07 PM   #4
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^ Agreed on methodical approach.

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      09-23-2012, 03:13 PM   #5
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that price isn't a deal, it's maybe on par with what an 08' should cost.
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      09-23-2012, 05:21 PM   #6
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Quote:
Originally Posted by SROC5 View Post
that price isn't a deal, it's maybe on par with what an 08' should cost.
I agree thats the asking price for an 08 right now.
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      09-23-2012, 05:28 PM   #7
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what about the reason for the drop in price?
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      09-23-2012, 05:38 PM   #8
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Quote:
Originally Posted by fongpi View Post
what about the reason for the drop in price?
It's reduced because it was priced too high originally. His story doesn't make much sense.
Agree it's not a spectacular price, esp with a accident history of some kind.
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      09-23-2012, 06:38 PM   #9
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Quote:
Originally Posted by mcmastah
I would stay away anytime the word "accident" has been mentioned with a potential car purchase.
I disagree. I'm selling a car right now that had a minor fender bender that only damaged the rear bumper cover but it shows up on carfax because the asshole who hit us was an illegal without insurance so we needed a police report. The bumper cover was replaced for $300 by a professional body shop but now we're stuck with a carfax that says rear end accident. Just because it says accident doesn't always mean avoid it!

Last edited by Transfer; 09-24-2012 at 02:43 PM.
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      09-23-2012, 06:46 PM   #10
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"The Seller has removed this ad from the site. Keep searching! We update our listings constantly, so we are sure you'll find similar cars."
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      09-23-2012, 08:44 PM   #11
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Nice interior and low miles but the price is about right for an 08 with the primitive transmission and no other options to speak of. The 18s are hideous, no nav, no EDC and the stereo might be "premium" for a Chevy but it's not the "premium" stereo on the e9x m3.

From reading the Carfax, I'm not sure how the salesman would know the details of the accident, but I wouldn't be worried too much about the "minor damage". However, I think you could do better for not a whole lot more money.
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      09-23-2012, 11:15 PM   #12
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Quote:
Originally Posted by Transfer View Post
I disagree. I'm selling a car right now that had a minor fender bender that only damaged the rear number cover but it shows up on carfax because the asshole who hit us was an illegal without insurance so we needed a police report. The bumper cover was replaced for $300 by a professional body shop but now we're stuck with a carfax that says rear end accident. Just because it says accident doesn't always mean avoid it!
Completely agree with your logic in that sense, but the majority of consumers tend to vacillate at the thought of a car they're going to spend major bucks on, being in any accident ... you might have known it was a minor rear end collision, but someone who's viewing the carfax may interpret otherwise.
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      09-24-2012, 02:19 AM   #13
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Quote:
Originally Posted by SAINT VAN ROCK View Post
"The Seller has removed this ad from the site. Keep searching! We update our listings constantly, so we are sure you'll find similar cars."
Try this link:
http://www.autotrader.com/dealers/dd...ealer_id=69945
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      09-24-2012, 02:22 AM   #14
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Quote:
Originally Posted by SD-E93-11 View Post
Nice interior and low miles but the price is about right for an 08 with the primitive transmission and no other options to speak of. The 18s are hideous, no nav, no EDC and the stereo might be "premium" for a Chevy but it's not the "premium" stereo on the e9x m3.

From reading the Carfax, I'm not sure how the salesman would know the details of the accident, but I wouldn't be worried too much about the "minor damage". However, I think you could do better for not a whole lot more money.
How can you tell that it's not the Premium sound by BMW? What are the tell-tale signs?
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      09-24-2012, 02:34 PM   #15
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In your other post on this subject, the response is confusing because a thread was linked to with a non-premium speaker pic masquerading as a premium speaker pic. So to reiterate...the yellow cone paper with silver guard is what the premium speakers look like. Even with the offset in this car's pics you can see that they're not the premium ones.

To this particular instance, I also applied some common sense as the car is a complete stripper. If even permitted by BMW, I can't imagine someone speccing the premium sound without iDrive as some of the premium sound controls would be awkward without that interface.
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      09-24-2012, 03:41 PM   #16
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Quote:
Originally Posted by SROC5 View Post
that price isn't a deal, it's maybe on par with what an 08' should cost.
BUT IT COMES WITH AN 'OVERHEAD' AIRBAG!!
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      09-24-2012, 03:43 PM   #17
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Quote:
Originally Posted by NoM3ForMe View Post
BUT IT COMES WITH AN 'OVERHEAD' AIRBAG!!
In that case, it's a steal
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      09-24-2012, 03:47 PM   #18
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Quote:
Originally Posted by Transfer View Post
I disagree. I'm selling a car right now that had a minor fender bender that only damaged the rear bumper cover but it shows up on carfax because the asshole who hit us was an illegal without insurance so we needed a police report. The bumper cover was replaced for $300 by a professional body shop but now we're stuck with a carfax that says rear end accident. Just because it says accident doesn't always mean avoid it!
+1, always drive a car and get a feel for it. Make sure you know what your options are if something ever came up that you were 'lied' to about. I had my rear bumper replaced and then a couple weeks later I had to get it painted again cos some mug swiped the corner. Also had a blown engine 5 weeks in. What does this mean? I don't look after my car properly? Not at all.
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      09-24-2012, 07:36 PM   #19
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As per autotrader pricing tool

Local Asking Prices
Average Price.............$43,496
View 5 similar cars for sale
Private Sellers............ $40,250
View 1 similar cars for sale
Dealers....................... $44,308
View 4 similar cars for sale
More Pricing Tools
Learn to price a used car to sell
Visit KBB.com Visit NADAguides.com
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      09-24-2012, 07:37 PM   #20
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I think I might pass on that one
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      09-24-2012, 10:23 PM   #21
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Question

how about this one????? im a 100% theres some kind of history to this car, just not sure what yet. anyways the car APPEARS to be new and also loaded with just the right options (comp. pack ) and a nice color combo. low price low miles...to good to be true ??

http://www.cars.com/go/search/detail...nal&listType=1
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      09-25-2012, 02:15 AM   #22
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Quote:
Originally Posted by DahudJF View Post
how about this one????? im a 100% theres some kind of history to this car, just not sure what yet. anyways the car APPEARS to be new and also loaded with just the right options (comp. pack ) and a nice color combo. low price low miles...to good to be true ??

http://www.cars.com/go/search/detail...nal&listType=1
Wow the sedans don't really hold their value do they...
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