What should I pay for this 08 E92

[71Blazer]

Found this locally and have wanted a M3 for a while now. Please let me know what you think I should pay for this car.

08 E92 Black with red interior
19,500 miles
6MT with shortshifter
Carbon Fiber top
19" OEM Black GTS rims with brand new Michelins
Tinted windows
No warranty included
Price is being negotiated but last was at 42,000 without TTL and warranty.

Appreciate any input.

[swanson]

be a little more specific with the options.

[71Blazer]

It is pretty bare bones. No nav, no cold weather, no tech package.

[nullrouted]

Originally Posted by 71Blazer

Found this locally and have wanted a M3 for a while now. Please let me know what you think I should pay for this car.

08 E92 Black with red interior
19,500 miles
6MT with shortshifter
Carbon Fiber top
19" OEM Black GTS rims with brand new Michelins
Tinted windows
No warranty included
Price is being negotiated but last was at 42,000 without TTL and warranty.

Appreciate any input.

No more than $35k

[LOVEM]

40 k max its pretty sought after car. just the wheels would cost you 3k alone.

[chris s]

$42k is way off. Is this a dealer or private sale?

$35k sounds right without Nav and other premium options. $42k, you can easily get into an 09 with upgraded NAV, possibly even a 2010 depending on options and mileage.

[nullrouted]

Originally Posted by LOVEM

40 k max its pretty sought after car. just the wheels would cost you 3k alone.

They're $2,200 new -- and on that car, they ain't new =)

[LOVEM]

Originally Posted by nullrouted

They're $2,200 new -- and on that car, they ain't new =)

with tires. roughly its 3k .

[CIFUM3]

I got mine with 28k miles, Tech package, nav, heated seats and cf roof for 41 out the door

[mosx]

$35k no more. A year ago I paid $40,600 for an 08 e90, fully loaded, 6MT with 21k miles.

[chris s]

Originally Posted by tozfeekum

I must have gotten ripped off. I payed 49k OTD for an 08 e92 fully loaded with 15k.

Hate to say it...but yes, you got raped.

[chris s]

Originally Posted by LOVEM

with tires. roughly its 3k .

You can easily get a "Used" set with tires and TPMS for between 2 and 2300. And that's VERY Light use.

[swanson]

Originally Posted by tozfeekum

I must have gotten ripped off. I payed 49k OTD for an 08 e92 fully loaded with 15k.

Did they at least provide the vaseline?

[ase2dais]

Originally Posted by 71Blazer

Found this locally and have wanted a M3 for a while now. Please let me know what you think I should pay for this car.

08 E92 Black with red interior
19,500 miles
6MT with shortshifter
Carbon Fiber top
19" OEM Black GTS rims with brand new Michelins
Tinted windows
No warranty included
Price is being negotiated but last was at 42,000 without TTL and warranty.

Appreciate any input.

I have an 09 DCT coupe loaded 23k miles:
... that's what my car bottom figure goes at private party book.
That should be around mid 30s as others have said..


But thanks to that dealership its holding our value

[psk278]

For reference, I just bought an 08 6MT with all options with 39k for 35K from a dealer.

[Detroit M3]

Originally Posted by chris s

$42k is way off. Is this a dealer or private sale?

$35k sounds right without Nav and other premium options. $42k, you can easily get into an 09 with upgraded NAV, possibly even a 2010 depending on options and mileage.

+1

[roadcarver]

This car is at the Land Rover dealership, isn't it? I stopped by and looked at it over a week ago. It is in great condition. The engine seemed to run a little rough at idle but maybe that is normal as I am not familiar with what they are supposed to sound at idle.

[fuddman]

I think your going to have a hard time moving this dealer on price.
He is, obviously, infatuated with the mileage on the car and believes that's going to earn him a big return. He is probably going to wait for the customer who is also infatuated with the mileage number and will pay him top dollar for it. If he's had the car on the lot a long time, you might have a better chance.

The thing to keep in mind in situations where mileage is driving the price is that average mileage on a car is about 12000 miles per year. For an '08 that means the car could have 60,000 miles on it and it would be considered to have average use on it. That's not a bad thing, and you know the car has a lot more life in it. So, if you look at '08 M3s with mileage between, say, 40k to 60k, many start under $40k, and with a little effort, could probably be had for less (cars.com, autotrader, craigslist).
In your negotiations with the dealer you might want to acknowledge the low mileage on the car but mention that there are many other cars out there that have acceptable mileage for you, some with more options, and can be had for less than his car.
As far as how much you should bid on this car, that should become clearer to you after you've done a little analysis of the market. You might, for example, want to determine the "average" price for the "average mileage" cars, i.e., cars with between 40-60k miles on them. Bid below that figure.
That's how I'd approach the money angle.

[Jin.Patrick]

Originally Posted by fuddman

I think your going to have a hard time moving this dealer on price.
He is, obviously, infatuated with the mileage on the car and believes that's going to earn him a big return. He is probably going to wait for the customer who is also infatuated with the mileage number and will pay him top dollar for it. If he's had the car on the lot a long time, you might have a better chance.

The thing to keep in mind in situations where mileage is driving the price is that average mileage on a car is about 12000 miles per year. For an '08 that means the car could have 60,000 miles on it and it would be considered to have average use on it. That's not a bad thing, and you know the car has a lot more life in it. So, if you look at '08 M3s with mileage between, say, 40k to 60k, many start under $40k, and with a little effort, could probably be had for less (cars.com, autotrader, craigslist).
In your negotiations with the dealer you might want to acknowledge the low mileage on the car but mention that there are many other cars out there that have acceptable mileage for you, some with more options, and can be had for less than his car.
As far as how much you should bid on this car, that should become clearer to you after you've done a little analysis of the market. You might, for example, want to determine the "average" price for the "average mileage" cars, i.e., cars with between 40-60k miles on them. Bid below that figure.
That's how I'd approach the money angle.