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      11-23-2008, 01:35 PM   #1
M3-ADDICT
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2008 BMW M3 Sedan - 800 Miles - $49K

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      11-23-2008, 02:30 PM   #2
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O.M.G. My jaw is on the floor... $49K is the BIN.... buyers who waited to buy an M3... lick your chops... there is going to be some once in a century deals here in the next 3 months.
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      11-23-2008, 03:27 PM   #3
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wow no deal can get better than that.
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      11-23-2008, 03:29 PM   #4
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they can and will is my bet....
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      11-23-2008, 04:24 PM   #5
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that is why i am holding out
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      11-23-2008, 04:26 PM   #6
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That car brand new can be had for $57k. Most cars (including BMWs) depreciate 20 percent when you drive them off the showroom floor.

$49k is 15% off of $57k. So in my mind it is still overpriced. I'll be it doesn't bring $46k. Not only that, it has an unknown history. Why is it for sale after only 850 miles? Maybe the diff fell out for no reason. I would run from that car like it had contageous herpes (maybe it does).
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      11-23-2008, 04:30 PM   #7
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Quote:
Originally Posted by eatrach73 View Post
that is why i am holding out
same over here..... people will be taking HUGE hits on these cars. I fell bad for those who paid MSRP at the beginning of 2008 for M3's.
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      11-23-2008, 07:23 PM   #8
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Quote:
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same over here..... people will be taking HUGE hits on these cars. I fell bad for those who paid MSRP at the beginning of 2008 for M3's.
Eventhough stock markets decrease in value more than cars nowadays, still this car is not meant for making money... but to drive, love, smile after you made money!

I paid in full (got 1K off), in cash, that's when I took the hit. Now I just love it! Money well spent!
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      11-23-2008, 09:42 PM   #9
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Yeah, sad reality... but check out the M5 resale
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      11-23-2008, 09:47 PM   #10
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These fluctuations will always occur. The tough thing for most to know is that you are purchasing a depreciating asset and this is the way of life. Forget about it and enjoy the marvelous V8
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      11-23-2008, 09:56 PM   #11
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just wondering about the links comment about Why it left the another State...
Cars that are move between States may hold some mystery in their titles or maintenance history.

and 49k is not unbelievable for 56k base sedan
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      11-23-2008, 11:43 PM   #12
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Quote:
Originally Posted by Atny286 View Post
Eventhough stock markets decrease in value more than cars nowadays, still this car is not meant for making money... but to drive, love, smile after you made money!

I paid in full (got 1K off), in cash, that's when I took the hit. Now I just love it! Money well spent!
I personally never lost money on any of the cars that I have owned (i know hard to believe) thanks to connections that I have in the industry.... I was about to pay cash for the M3 as well but money sitting in a bank account these days is a smarter way to go....
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      11-23-2008, 11:48 PM   #13
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Quote:
Originally Posted by TTG View Post
same over here..... people will be taking HUGE hits on these cars. I fell bad for those who paid MSRP at the beginning of 2008 for M3's.
This applies to anybody who bought a new car this year, not just M3s

This applies to anybody trying to sell a used car

This applies to anybody trying to sell a house

This applies to.......... You get my point

I cannot prove it, but I think this affects, now that gas is back to $2 or less, to Prius(es) and Diesels as well(although this could change quickly if gas goes up again)
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      11-24-2008, 12:11 AM   #14
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Quote:
Originally Posted by Radiation Joe View Post
That car brand new can be had for $57k. Most cars (including BMWs) depreciate 20 percent when you drive them off the showroom floor.

$49k is 15% off of $57k. So in my mind it is still overpriced. I'll be it doesn't bring $46k. Not only that, it has an unknown history. Why is it for sale after only 850 miles? Maybe the diff fell out for no reason. I would run from that car like it had contageous herpes (maybe it does).
If you look at the Carfax report, it was purchased in IL with ~6 miles on it. The last reported mileage was 516. I don't find it that surprising that someone sold a car after only a few hundred miles, it happens all the time.

I actually saw this car on Autotrader before it hit eBay and I've been looking at it very seriously (very seriously in the sense that I'm not going to buy anything right now, but if I were ... ). There was another 2008 Sedan for $49k about a month ago in California. It had about 8,000 miles if my memory serves me correctly.
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      11-24-2008, 12:22 AM   #15
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Quote:
Originally Posted by Fiebrudo View Post
This applies to anybody who bought a new car this year, not just M3s

This applies to anybody trying to sell a used car

This applies to anybody trying to sell a house

This applies to.......... You get my point

I cannot prove it, but I think this affects, now that gas is back to $2 or less, to Prius(es) and Diesels as well(although this could change quickly if gas goes up again)
Very true..... At the beginning of the year, dealer's were charging MSRP for most cars now they are giving them away (almost) and this is causing used car market to stall.
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      11-24-2008, 12:37 AM   #16
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Yeah. The next few months are going to be great for people looking to get into an M3 for cheap. And thats exactly why I'm waiting!
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      11-24-2008, 12:38 AM   #17
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don't wait too long... at some point the inventory is going to dry up, the wind down in 09 productions, and an economic recovery might hit all at once, and you'll have blown your chance at a great deal by waiting too long.... I think one needs to acquire in the next 60-90 days or the window might be blown out.
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      11-24-2008, 04:37 AM   #18
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Quote:
Originally Posted by newtom3 View Post
don't wait too long... at some point the inventory is going to dry up, the wind down in 09 productions, and an economic recovery might hit all at once, and you'll have blown your chance at a great deal by waiting too long.... I think one needs to acquire in the next 60-90 days or the window might be blown out.
I hope you're right about that economic recovery.
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      11-24-2008, 11:32 AM   #19
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you know what, it's going to happen, but the global economic growth will be on a slower, more healthy recovery path, one without phony credit schemes. What we won't have this next growth cycle is a growth driver... computing revolution has basically no blood left in the stone to squeeze out... people have to wake up to the fact that the last 30 years was a very special time in history, and that time is over, gone, finished. Jobs are gonna be hard to come by in all sectors, even in tech, believe it or not.

But since everyone is waiting on the sidelines to buy anything/everything, eventually the consumer is going to start spending, more or less in unison, and it's going to look like we're back in the game all of a sudden. So those cheaps F430s, 360s, M3s, etc... the vultures will wait too long to swoop in on them, and miss the boat entirely. The smart money will be in the next 90 days... though perhaps the bottom is somewhere in the next 180 days.... I suck at timing peaks or bottoms, though I do get horribly lucky at times.
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      11-24-2008, 04:47 PM   #20
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Damn, only if the M6 would had dropped into the 40K territory
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      11-24-2008, 05:36 PM   #21
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Cheap!
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      11-24-2008, 06:29 PM   #22
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very good price imo, considering low miles, and well equipped options.
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