BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
Strasse Wheels
Post Reply
 
Thread Tools Search this Thread
      04-07-2014, 02:06 PM   #1
Wah
Red Hot Riplet
 
Wah's Avatar
 
Drives: '15 F82 M4
Join Date: Jul 2009
Location: NJ

Posts: 1,573
iTrader: (2)

Trading in my 2011 M3... fair offer?

EDIT: I think I'll try to sell privately. I have plenty of time. Thanks for the info.

Last edited by Wah; 04-07-2014 at 10:57 PM.
Wah is online now   United_States
0
Reply With Quote
      04-07-2014, 02:22 PM   #2
Bavarian Beast
Too many wagons on the bahn.....
 
Bavarian Beast's Avatar
 
Drives: 2011 BMW e93
Join Date: Feb 2013
Location: Germany

Posts: 223
iTrader: (0)

If you are happy with it then it is a fair deal. Enjoy the new M4!
Bavarian Beast is offline  
0
Reply With Quote
      04-07-2014, 06:48 PM   #3
Bimmer-M3
Captain
 
Drives: e90
Join Date: Aug 2013
Location: ---

Posts: 644
iTrader: (0)

Quote:
Originally Posted by Wah View Post
So I was at my dealer negotiating for a new M4. Dealer offered me $42,000 for my 2011.0 E92 M3, premium, technology, competition, DCT, CF Roof, 25K miles. Clean, no accidents, no mechanical problems. The car needs new tires and warranty is ending in 3months. With the trade in tax adjustment, it equals to about $45000 private sale. The only downside is that it is a pretrade, so I will have to give up my car this week. I have another car so its not a big problem, but I'll miss her.

Fair offer? Forget the other side of the sale (M4 price)... since I am getting a discount on it whether or not I trade in my car and it seems MSRP is the going rate.
Thats the price of the car in the market. I expect the dealer will sell it for 45k ~ 46k
Bimmer-M3 is offline  
0
Reply With Quote
      04-07-2014, 08:29 PM   #4
Vic311
Banned
 
Drives: 2011 e92 M3
Join Date: Dec 2012
Location: NY

Posts: 1,469
iTrader: (0)

You think the dealer is only going to make $3K? They will most likey ask mid $50K and settle on low $50K.

Try to sell it privately.
Vic311 is offline   United_States
0
Reply With Quote
      04-07-2014, 08:59 PM   #5
Wah
Red Hot Riplet
 
Wah's Avatar
 
Drives: '15 F82 M4
Join Date: Jul 2009
Location: NJ

Posts: 1,573
iTrader: (2)

I know I can get more privately... but the question is, how much more?
Wah is online now   United_States
0
Reply With Quote
      04-07-2014, 09:16 PM   #6
Bimmer-M3
Captain
 
Drives: e90
Join Date: Aug 2013
Location: ---

Posts: 644
iTrader: (0)

Quote:
Originally Posted by Wah View Post
I know I can get more privately... but the question is, how much more?
The problem is it may take you long time to sell it privately. How patient are you with dealing with buyers is all up to you.
Bimmer-M3 is offline  
0
Reply With Quote
      04-07-2014, 09:32 PM   #7
Vic311
Banned
 
Drives: 2011 e92 M3
Join Date: Dec 2012
Location: NY

Posts: 1,469
iTrader: (0)

Quote:
Originally Posted by Wah View Post
I know I can get more privately... but the question is, how much more?
I stated it above. You can get low 50s, (high 40s for a quick sale) depending on condition and options. Needing new tires is going to ding the price though.
Vic311 is offline   United_States
0
Reply With Quote
      04-07-2014, 10:04 PM   #8
fuddman
Captain
 
Drives: 528-maybe
Join Date: Aug 2010
Location: California

Posts: 677
iTrader: (0)

Quote:
Originally Posted by Wah View Post
So I was at my dealer negotiating for a new M4. Dealer offered me $42,000 for my 2011.0 E92 M3, premium, technology, competition, DCT, CF Roof, 25K miles. Clean, no accidents, no mechanical problems. The car needs new tires and warranty is ending in 3months. With the trade in tax adjustment, it equals to about $45000 private sale. The only downside is that it is a pretrade, so I will have to give up my car this week. I have another car so its not a big problem, but I'll miss her.

Fair offer? Forget the other side of the sale (M4 price)... since I am getting a discount on it whether or not I trade in my car and it seems MSRP is the going rate.
I never heard of a deal whereby the buyer gives up ownership of his car while he waits for the new one to arrive. Kind of interesting.
So, how long do you have to wait for your new car to arrive? Are you leaving your car on consignment with the dealer?
fuddman is offline  
0
Reply With Quote
      04-07-2014, 10:17 PM   #9
Wah
Red Hot Riplet
 
Wah's Avatar
 
Drives: '15 F82 M4
Join Date: Jul 2009
Location: NJ

Posts: 1,573
iTrader: (2)

Its a trade in. They gave me the option of trading it in when my new car comes (3 months?) or trading now. Obviously, I get more if I give it up now. I guess I'm risking my car if the dealership goes bankrupt between now and when my new car comes in. Honestly, I wasn't even thinking about that.
Wah is online now   United_States
0
Reply With Quote
      04-10-2014, 09:26 AM   #10
2 SLOW
Private
 
Drives: 2011 E90 M3
Join Date: Nov 2013
Location: Houston

Posts: 92
iTrader: (0)

Quote:
Originally Posted by Wah View Post
Its a trade in. They gave me the option of trading it in when my new car comes (3 months?) or trading now. Obviously, I get more if I give it up now. I guess I'm risking my car if the dealership goes bankrupt between now and when my new car comes in. Honestly, I wasn't even thinking about that.
If you trade it in, you'll also save about $3,000 in taxes so take that into consideration (pretty much add it to the trade-in price).
2 SLOW is offline  
0
Reply With Quote
      04-10-2014, 09:54 AM   #11
fuddman
Captain
 
Drives: 528-maybe
Join Date: Aug 2010
Location: California

Posts: 677
iTrader: (0)

Quote:
Originally Posted by Wah View Post
EDIT: I think I'll try to sell privately. I have plenty of time. Thanks for the info.
Smart move, IMO.
fuddman is offline  
0
Reply With Quote
      04-10-2014, 10:13 AM   #12
John Tanglewood
Porn Star
 
John Tanglewood's Avatar
 
Drives: 09' R8 -- 11' M3 (sold)
Join Date: Dec 2009
Location: Stamford, CT

Posts: 2,122
iTrader: (8)

Quote:
Originally Posted by fuddman View Post
I never heard of a deal whereby the buyer gives up ownership of his car while he waits for the new one to arrive. Kind of interesting.
So, how long do you have to wait for your new car to arrive? Are you leaving your car on consignment with the dealer?
Precisely the situation with my father and his purchase of a new Bentley. Will have to give up his current one and wait 3 months until the new one comes in. Kind of a 'take it or leave it' kind of situation I guess.
__________________

My M3 is for sale here
John Tanglewood is offline  
0
Reply With Quote
      04-10-2014, 10:37 AM   #13
2 SLOW
Private
 
Drives: 2011 E90 M3
Join Date: Nov 2013
Location: Houston

Posts: 92
iTrader: (0)

Quote:
Originally Posted by 2 SLOW View Post
If you trade it in, you'll also save about $3,000 in taxes so take that into consideration (pretty much add it to the trade-in price).
The first post was deleted when I posted this, but I now see that you are aware of this
2 SLOW is offline  
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 07:27 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST