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      07-06-2013, 08:00 AM   #1299
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I believe you need to decide which transmission you want first. That's the deal breaker for me.
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      07-06-2013, 08:25 AM   #1300
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      07-10-2013, 05:36 AM   #1301
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How does $59,500 sound for a CPO 2011 fully loaded, manual with 12k miles sound? Isn't 60k a bit much for a 2 year old car? Even if it is such a low mileage one.
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      07-10-2013, 08:13 AM   #1302
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Quote:
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How does $59,500 sound for a CPO 2011 fully loaded, manual with 12k miles sound? Isn't 60k a bit much for a 2 year old car? Even if it is such a low mileage one.
I would think so. Back in February I paid $54,400 for my 2011.5 E90 with 16k miles, with almost all options except sunroof (exactly what I was looking for and took forever to find) including BMW CPO. They were asking 57,500 but wouldn't go lower than 54,400. I've noticed since that time that prices seem to have either firmed or even gone higher?

I'm guessing come January/February a good bit of pricing power will disappear in the E9x M3 market as demand is always awful during the mid-winter months = time to buy.
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      07-10-2013, 09:40 AM   #1303
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How does $59,500 sound for a CPO 2011 fully loaded, manual with 12k miles sound? Isn't 60k a bit much for a 2 year old car? Even if it is such a low mileage one.
there are 60 pages in this thread, have you found a comparable car and it's pricing?

CPO adds about $3k-$4k to the value. Do a quick check at the dealership to gauge an in-warranty extended warranty purchase price. Just make sure the terms match up in terms of length and coverage, then you can deduct what the base price is of the car.
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      07-10-2013, 09:39 PM   #1304
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How does $59,500 sound for a CPO 2011 fully loaded, manual with 12k miles sound? Isn't 60k a bit much for a 2 year old car? Even if it is such a low mileage one.
too much IMO, you can find a 2013 for around 60. I would say 57 for that car CPOed
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      07-11-2013, 03:25 PM   #1305
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New lightly optioned '13 M3 are $60k if you get pricing from steve thomas.

Paying anything more than $52k for ANY used, ANY mileage M3 is not worthwhile because new car is $8k more. If you are already shelling out $50k on a car of this caliber than it is worth buying new. For those $8k you get to be the first owner, with color and options of your choice, 0 milege car, known history.

Now if you are purchasing $30k Acura, then it perhaps makes sense to buy 1-2 year old car, but on $60k car that difference doesn't make sense.

The only way it makes sense to buy used is if you are shopping for 08-10, mid to high mileage cars where cars have depreciated relatively more.
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      07-11-2013, 04:11 PM   #1306
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Paying anything more than $52k for ANY used, ANY mileage M3 is not worthwhile because new car is $8k more. If you are already shelling out $50k on a car of this caliber than it is worth buying new. For those $8k you get to be the first owner, with color and options of your choice, 0 milege car, known history.

The only way it makes sense to buy used is if you are shopping for ’08-10, mid to high mileage cars where cars have depreciated relatively more.
disagree, if there's a lightly used 2013 out there for $8k less than a new car (and it has less than say 8k miles)and it has everything you want, why would you buy a new car and eat the $8k depreciation in 6 months?

You should buy the used one, the preowned in this case is literally a comparable car to the new car. This is also why the absolute worst financial decision to make in car buying is to buy a new car and sell it in less than a year.


In fact, the logic should be reversed. If you're spending over $50k on a car, you should STRONGLY consider preowned, as the initial depreciation is signficantly higher than a $30k Acura, and the depreciation dollar amount every year likely will continue to be higher than that Acura throughout it's life.


If you don't believe me price it out. A 2008 M3 with about 50k miles sells for say $38k. It lost about $30k in its life already, or 44%. A 2008 Acura TL is about $18k, it lost $12k over its life, or 40%. Percentage may or may not matter on a comparative scale, but fuck you lost $30k on the M3 on an absolute scale! I'd rather start with 10 cents and loose 9 cents, then start with $10 and loose $1, when the asset is depreciating and will be disposed, as there's minimum stored value in cars. At the end of it's life, ALL cars are worth between $500-$1000 to a junkyard.

Last edited by mdosu; 07-11-2013 at 04:23 PM.
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      07-11-2013, 05:41 PM   #1307
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Quote:
disagree, if there's a lightly used 2013 out there for $8k less than a new car (and it has less than say 8k miles)and it has everything you want, why would you buy a new car and eat the $8k depreciation in 6 months?
If you are financially well off to purchase a car that is $60k, then why risk 10% to purchase an used '13 that could have been a test drive demo, dealer (manager) car that was ragged on by 5 people in the most crucial 1200 mile break in period. It is absolutely retarded. Not to mention that down the road if you want to sell the car being the 1st owner you will recoup at least some of that money.

It makes sense on Acuras or cheaper models because to poorer that difference in money really matters. It is the same logic used with progressive tax.

I am not sure you understand.
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      07-11-2013, 06:00 PM   #1308
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disagree, if there's a lightly used 2013 out there for $8k less than a new car (and it has less than say 8k miles)and it has everything you want, why would you buy a new car and eat the $8k depreciation in 6 months?

You should buy the used one, the preowned in this case is literally a comparable car to the new car. This is also why the absolute worst financial decision to make in car buying is to buy a new car and sell it in less than a year.


In fact, the logic should be reversed. If you're spending over $50k on a car, you should STRONGLY consider preowned, as the initial depreciation is signficantly higher than a $30k Acura, and the depreciation dollar amount every year likely will continue to be higher than that Acura throughout it's life.


If you don't believe me price it out. A 2008 M3 with about 50k miles sells for say $38k. It lost about $30k in its life already, or 44%. A 2008 Acura TL is about $18k, it lost $12k over its life, or 40%. Percentage may or may not matter on a comparative scale, but fuck you lost $30k on the M3 on an absolute scale! I'd rather start with 10 cents and loose 9 cents, then start with $10 and loose $1, when the asset is depreciating and will be disposed, as there's minimum stored value in cars. At the end of it's life, ALL cars are worth between $500-$1000 to a junkyard.
I agree that it makes sense to look for used M3s when you're looking to spend considerably less than new, and accept no/short warranty as well as higher mileage/wear-and-tear. If you're in the $40k range, used is the way to go for sure. Once you get over $50k I think you should really do some soul-searching as to whether or not to purchase new.

For example: you can do ED like I did, and your off-the-lot depreciation drops to roughly $0 (certainly nowhere near $8k) due to the reduced Invoice+ pricing of ED orders. Plus I get all 4 years and 50k miles of the warranty, not to mention a brand new car that nobody has ever beat on or mistreated. You also need to determine how long you plan on keeping the vehicle, once the warranty runs out on these cars, they become very expensive very quickly for dealer service (and yes I know, if we all wanted to turn our own wrenches it could be cheaper, but not all of us have the time/inclination to do so). Those costs can be as high as $3-5k a year out of warranty, so that is certainly something to keep in your calculations when considering a used M3 purchase.

In my personal opinion (and nothing more), with BMWs, you should consider buying new, and trading up every 3 or so years (with ED every time) so you can maximize resale value, due to being able to sell it privately with a year of remaining warranty, minimize depreciation, because the depreciation on E9x M3's accelerates above 50k miles (someone here posted a graph a while back showing that the E9x M3 depreciation rate nearly doubles after 50k miles), and maximize your enjoyment of the M-division.

Just some food for thought.
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      07-14-2013, 12:08 PM   #1309
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The new vs. used logic may work for a coupe depending on the circumstances. Of course it doesn't work for a sedan as they do not make them anymore and for an e93 vert it won't work bc the original pp is so much higher.

Buying a used, clean and CPO'd e93 was a no brainer to save $25k.
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      07-16-2013, 04:46 AM   #1310
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2008 e90 Red, 52k miles

2008 e90 Red, 52k miles
220 wheels.
Navi
Tech
Comfort access
Cold weather
Manuals, 2 fobs
No sunroof.
6MT.
$36,991.00 (final no-haggle.)
Well prepped: new PS2 tires and paint treatment. Interior is near perfect, car looks mint. Drives without notable differences compared to 2008 M3's with 36k or 24k mile I tested.

6MT was a must for me. I already owned a 2011 DCT M3 and this 08 drives the same and is a great DD.

Looking at the market, 08's will probably drop to 30-33k range in less than 6 months. I already found two private sale similar vehicles for 33k with 60k miles. It appears that options are a wash in these 5 yr old car prices and miles drive a 10 cent per mile premium in price comparisons.
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      07-16-2013, 07:31 AM   #1311
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What do you guys think.

I paid 44k for an 08 alpine white 6MT CPO with 37k miles on it. Cali car. Fox red extended leather. Cold premium and tech package. I think I overpaid a little but I looked for exact car for 8 months and this had everything I wanted. Had couple sellers flake out and I almost gave up on it until I found mines.
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      07-16-2013, 09:21 AM   #1312
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I paid GBP35,000 for a 2011 E93 with 4900 miles on the clock. Interlagos Blue on black nappa

Options included were DCT, 19 inch wheels, carbon leather trim, extended storage, wind deflector, EDC.

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      07-16-2013, 10:34 AM   #1313
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What do you guys think.

I paid 44k for an 08 alpine white 6MT CPO with 37k miles on it. Cali car. Fox red extended leather. Cold premium and tech package. I think I overpaid a little but I looked for exact car for 8 months and this had everything I wanted. Had couple sellers flake out and I almost gave up on it until I found mines.
if it's exactly what you wanted,and the price is in the ballpark,you didn't overpay.i found almost exactly what I wanted early in my search,and jumped on it.that was 4/12 and I haven't seen one since closer to what I was looking for.

i paid $39k for an 08 interlagos blue e90 with 36k miles and 6 months of warranty left,which got me a new transmission and front brakes.i wanted that color,6mt,bamboo beige,premium,ipod connector, 19"220m wheels and moonroof,all of which I got.

I didn't want nav,i drive,tech,comfort access,edc or cold weather,didn't get them,i wanted a simple car.i would have liked eps,but you need tech to get it,and I upgraded the speakers on my own.
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      07-16-2013, 11:14 AM   #1314
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NADA

Folks, the NADA guidelines were very helpful. If you seek to price what you are looking at, the NADA prices are close to what I found are respectable deals. I have been dealing with X5M, VW R32 and M3 pricing and all were pointing at values that are well in line with good deals. If you are over 2k in the NADA price then the car must be very special. Per NADA only some options impact pricing. Miles are about -10 cents per mile. So say a car with 45k miles will be 1k cheaper than a car with 35k miles.

This was a good reference for me.
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      07-18-2013, 03:45 PM   #1315
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Quote:
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disagree, if there's a lightly used 2013 out there for $8k less than a new car (and it has less than say 8k miles)and it has everything you want, why would you buy a new car and eat the $8k depreciation in 6 months?

You should buy the used one, the preowned in this case is literally a comparable car to the new car. This is also why the absolute worst financial decision to make in car buying is to buy a new car and sell it in less than a year.


In fact, the logic should be reversed. If you're spending over $50k on a car, you should STRONGLY consider preowned, as the initial depreciation is signficantly higher than a $30k Acura, and the depreciation dollar amount every year likely will continue to be higher than that Acura throughout it's life.


If you don't believe me price it out. A 2008 M3 with about 50k miles sells for say $38k. It lost about $30k in its life already, or 44%. A 2008 Acura TL is about $18k, it lost $12k over its life, or 40%. Percentage may or may not matter on a comparative scale, but fuck you lost $30k on the M3 on an absolute scale! I'd rather start with 10 cents and loose 9 cents, then start with $10 and loose $1, when the asset is depreciating and will be disposed, as there's minimum stored value in cars. At the end of it's life, ALL cars are worth between $500-$1000 to a junkyard.
Agreed, if you know what you are doing and do your research it's a much better deal to get a 1-3 year old 10-25k miles car.

The car starts at 60 and realistically most people option out their car to 70-75k. Sure you can probably get a stripped down model for close to 60k new but you can also get a 1 year old < 10k miles fully loaded one for 60k.

There is only 1 trim for the M3 but say you are looking about a regular 3 series, buying new vs. "lightly" used could be the difference between a 328 vs. 335, a stripped down version vs. fully loaded, or even a coupe vs. convertible depending on what you want.
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      07-18-2013, 09:50 PM   #1316
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Originally Posted by robbiedawg View Post
if it's exactly what you wanted,and the price is in the ballpark,you didn't overpay.i found almost exactly what I wanted early in my search,and jumped on it.that was 4/12 and I haven't seen one since closer to what I was looking for.

i paid $39k for an 08 interlagos blue e90 with 36k miles and 6 months of warranty left,which got me a new transmission and front brakes.i wanted that color,6mt,bamboo beige,premium,ipod connector, 19"220m wheels and moonroof,all of which I got.

I didn't want nav,i drive,tech,comfort access,edc or cold weather,didn't get them,i wanted a simple car.i would have liked eps,but you need tech to get it,and I upgraded the speakers on my own.
Thanks for letting me know. I feel a little better now. *sigh
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      07-18-2013, 10:33 PM   #1317
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In late 2010, I bought a 2009 DCT E92 M3, Fully loaded with every option, 4k miles, for $47k!!!! (Got it at a dealer auction).
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      07-19-2013, 12:34 AM   #1318
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What do you guys think of this deal?

2011 ZCP e92 fully loaded with every option except cold weather pkg

16k miles 55,700?
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      07-19-2013, 01:10 AM   #1319
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In late 2010, I bought a 2009 DCT E92 M3, Fully loaded with every option, 4k miles, for $47k!!!! (Got it at a dealer auction).
Holy cow. U stole that car.
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      07-21-2013, 11:54 PM   #1320
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Quote:
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Quote:
Originally Posted by DrakeKemper View Post
In late 2010, I bought a 2009 DCT E92 M3, Fully loaded with every option, 4k miles, for $47k!!!! (Got it at a dealer auction).
Holy cow. U stole that car.
Purchased a used 2009 e92 w/ 45k miles fully loaded except no PDC for 40k from private party.

Had a few mods:

OEM carbon fiber spoiler, black gills and grill, eibachs and angel eyes.
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