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
 
European Auto Source
Post Reply
 
Thread Tools Search this Thread
      08-11-2009, 12:17 PM   #1
///austin
Private First Class
 
Drives: 2008 BMW ///M3 Coupe
Join Date: Mar 2008
Location: Texas

Posts: 106
iTrader: (0)

Sell Coupe?

Guys,

If I private party sell my 2008 Red/black coupe (every option but smg and extended leather) with 14,500 miles what should I look to get?

Dealers are telling me $50k on trade.

Thanks!
///austin is offline  
0
Reply With Quote
      08-11-2009, 12:20 PM   #2
artifice
Major
 
artifice's Avatar
 
Drives: 2008 E92 M3
Join Date: Jul 2009
Location: The Colony, TX

Posts: 1,189
iTrader: (0)

50k on trade seems fair, private party sell maybe get you about $47-48 if you want it to go quick.
artifice is offline   United_States
0
Reply With Quote
      08-11-2009, 12:23 PM   #3
BMWCadet
Lieutenant
 
Drives: BMW E92 MR M3
Join Date: May 2009
Location: Fort Gordon, Georgia

Posts: 402
iTrader: (0)

Be happy you can get $50k trade in value for an 08 with 15k miles and take it. What are you going to trade it in for anyways?
BMWCadet is offline   United_States
0
Reply With Quote
      08-11-2009, 12:23 PM   #4
Nawaaz
Brigadier General
 
Drives: .
Join Date: Apr 2009
Location: .

Posts: 4,643
iTrader: (0)

$50k may seem fair for the trade, but as we all know.....The dealer will make it up on the new car sale.
Nawaaz is offline   United_States
0
Reply With Quote
      08-11-2009, 12:23 PM   #5
Mr.Metak2you
Brigadier General
 
Mr.Metak2you's Avatar
 
Drives: LEXUS LS(DailyDriver)
Join Date: Nov 2007
Location: Astral Projecting: ∞ 23.516 -122 02.625 0242.101 ĕv'rē-hwr'

Posts: 4,750
iTrader: (15)

Garage List
Quote:
Originally Posted by artifice View Post
50k on trade seems fair, private party sell maybe get you about $47-48 if you want it to go quick.
Why would he even bother with private party if it is less like your saying, than trade in value? Having said that, I think private party should be a bit higher than trade-in...
__________________
Mr.Metak2you is offline  
0
Reply With Quote
      08-11-2009, 12:26 PM   #6
BMWCadet
Lieutenant
 
Drives: BMW E92 MR M3
Join Date: May 2009
Location: Fort Gordon, Georgia

Posts: 402
iTrader: (0)

Quote:
Originally Posted by ///Metak View Post
Why would he even bother with private party if it is less like your saying, than trade in value? Having said that, I think private party should be a bit higher than trade-in...
Because people can buy 08's with lower mileage than that in the upper $40k's to low $50k's. Private sale, he'd be lucky to get $45k. Hell in the "Cars for sale" section, a guy is selling his 08 w/ DCT and only 6k miles for $52k.
BMWCadet is offline   United_States
0
Reply With Quote
      08-11-2009, 12:28 PM   #7
artifice
Major
 
artifice's Avatar
 
Drives: 2008 E92 M3
Join Date: Jul 2009
Location: The Colony, TX

Posts: 1,189
iTrader: (0)

^^ +1 ... that is why I said the trade is fair.
artifice is offline   United_States
0
Reply With Quote
      08-11-2009, 12:30 PM   #8
SlammedR8
Brigadier General
 
SlammedR8's Avatar
 
Drives: 2010 Audi R8 V10 +2013 Audi S4
Join Date: Jul 2007
Location: Toronto

Posts: 4,936
iTrader: (2)

Send a message via MSN to SlammedR8
Quote:
Originally Posted by ///Metak View Post
Why would he even bother with private party if it is less like your saying, than trade in value? Having said that, I think private party should be a bit higher than trade-in...
+1

Quote:
Originally Posted by BMWCadet View Post
Because people can buy 08's with lower mileage than that in the upper $40k's to low $50k's. Private sale, he'd be lucky to get $45k. Hell in the "Cars for sale" section, a guy is selling his 08 w/ DCT and only 6k miles for $52k.

YA, but if the dealer is offering $50k, why would he "TRY" to sell it for 47k or 48k ?

Obviously, he would just take the 50k from dealer.
__________________
SlammedR8 is offline   Canada
0
Reply With Quote
      08-11-2009, 12:31 PM   #9
SlammedR8
Brigadier General
 
SlammedR8's Avatar
 
Drives: 2010 Audi R8 V10 +2013 Audi S4
Join Date: Jul 2007
Location: Toronto

Posts: 4,936
iTrader: (2)

Send a message via MSN to SlammedR8
Quote:
Originally Posted by ///austin View Post
Guys,

If I private party sell my 2008 Red/black coupe (every option but SMGand extended leather) with 14,500 miles what should I look to get?

Dealers are telling me $50k on trade.

Thanks!
You don't have SMG? WOW! How can you buy an E9x without SMG, everyone buys SMG

sorry I had to...
__________________
SlammedR8 is offline   Canada
0
Reply With Quote
      08-11-2009, 12:35 PM   #10
Mookster
Lieutenant
 
Mookster's Avatar
 
Drives: 2009 Z06
Join Date: Dec 2008
Location: Seattle

Posts: 569
iTrader: (0)

I doubt dealer is giving you $50k on a trade unless they're ripping you a new a**hole on the new car.
Mookster is offline  
0
Reply With Quote
      08-11-2009, 12:49 PM   #11
Finnegan
Major General
 
Finnegan's Avatar
 
Drives: Sapphire Black/Black Z4Mc
Join Date: Oct 2008
Location: At the track..or wishing I were at the track

Posts: 6,443
iTrader: (17)

Quote:
Originally Posted by ///austin View Post
Guys,

If I private party sell my 2008 Red/black coupe (every option but smg and extended leather) with 14,500 miles what should I look to get?

Dealers are telling me $50k on trade.

Thanks!
The $50K is good. But what's the cost on the new ____ you're buying? The $50K is only part of the equation. There's the cost of the replacement. There's also the cost of the financing if you're not buying outright (and comparison of that to any financing on the old car).

I'd suggest running some scenarios to see what your loss points are based on several deals. You're going to lose something here. The question is how much. Have a totally solid idea of what's a good business deal before going any further with any dealer and keep things within those lines when negotiating.

Hey, the car you have sounds plenty sweet to me so you probably don't really need a new one--make sure the dealer knows that as it helps leverage things in your favor. At the very least it won't hurt and it may help keep focus on the deal not the new toy.

So, are you thinking of keeping the wife's vert with the .9% financing and trading the M3 for an X3 or X5???
Finnegan is offline   United_States
0
Reply With Quote
      08-11-2009, 01:38 PM   #12
///austin
Private First Class
 
Drives: 2008 BMW ///M3 Coupe
Join Date: Mar 2008
Location: Texas

Posts: 106
iTrader: (0)

Well, I would like to get an X5 etc., but the dealer we have bought so many cars from over the past few years is not really wanting to work the numbers. The deals they are doing on '09s would be appropriate for the 2010 models.

Best number on trade on my car was actually from a Lexus dealer. I just asked about getting an RX at invoice because my wife likes those.

With the .9 financing on the convertible it's hard to give that up. Plus, even though it's not an M, it is a cool ride--all black, sport package etc.
///austin is offline  
0
Reply With Quote
      08-11-2009, 02:12 PM   #13
Georgeair
Captain
 
Drives: '08 Melbourne E92 M3
Join Date: Apr 2009
Location: McKinney, TX

Posts: 757
iTrader: (2)

Don't forget you'll save on taxes with the trade as well.

If it's a $50K trade against an already good invoice-ish price, sounds good. If it's $50K against MSRP then no way.
Georgeair is offline  
0
Reply With Quote
      08-11-2009, 02:16 PM   #14
Finnegan
Major General
 
Finnegan's Avatar
 
Drives: Sapphire Black/Black Z4Mc
Join Date: Oct 2008
Location: At the track..or wishing I were at the track

Posts: 6,443
iTrader: (17)

Quote:
Originally Posted by ///austin View Post
Well, I would like to get an X5 etc., but the dealer we have bought so many cars from over the past few years is not really wanting to work the numbers. The deals they are doing on '09s would be appropriate for the 2010 models.

Best number on trade on my car was actually from a Lexus dealer. I just asked about getting an RX at invoice because my wife likes those.

With the .9 financing on the convertible it's hard to give that up. Plus, even though it's not an M, it is a cool ride--all black, sport package etc.
The RX at invoice is still going to net the dealer money but if you can swing that it doesn't look like you're getting hammered. I don't pay much attention to TV ads, but I thought I heard something about the "Lexus ____ Event" last night with 0% or something like that. If that's the case, and it's available in TX, invoice at 0% is a good deal.

Even though many will tell you to keep the M3 (and I'll admit I'm partial to that myself on a emotional level) you need to do what you need to do to make the best financial decision here IMO. It looks like you've ruled out the other lower cost options (used this and that) so this may be your best financial solution.
Finnegan is offline   United_States
0
Reply With Quote
      08-11-2009, 02:59 PM   #15
///austin
Private First Class
 
Drives: 2008 BMW ///M3 Coupe
Join Date: Mar 2008
Location: Texas

Posts: 106
iTrader: (0)

I don't think there's any special financing, just special lease deals which aren't so special. Seems like the thing to do would be to hold on my car and just aggressively pay it off over the next 6-9 months, and then figure out what to do from there as opposed to losing money on a trade.

Last edited by ///austin; 08-11-2009 at 03:03 PM. Reason: typo
///austin is offline  
0
Reply With Quote
      08-11-2009, 03:53 PM   #16
warzilla
Lieutenant
 
warzilla's Avatar
 
Drives: M3
Join Date: Feb 2008
Location: NYC

Posts: 490
iTrader: (-1)

50k trade in is a good deal. As others said, that counts for your trade in the tax of the new car, so that could be a couple of thousands in saving right there also. I think its better then a private sale, unless you can sell the car privately that will gain you more profit then what you would have gotten in trade-in (50k) plus the savings on taxes for the purchase of a new vehicle.
warzilla is offline   United_States
0
Reply With Quote
      08-11-2009, 07:12 PM   #17
SpencerM3
Sauce
 
SpencerM3's Avatar
 
Drives: 2009 SSII E90 M3
Join Date: Jun 2006
Location: Los Angeles

Posts: 2,026
iTrader: (1)

Trading in an M3 for an X5.....
__________________
2009 E90 M3 | Silverstone II | Black Novillo | HRE P40's | Akrapovic Exhaust | Eibach Pro Kit | Jet Black Kidney Grilles | SSII Side Reflectors | SSII Side Gills | LUX H8 Angel Eyes | Macht Schnell Filter | Tecnocraft Envy Charge Pipe

"M3 drivers have no friends." - Jeremy Clarkson
SpencerM3 is offline   United_States
0
Reply With Quote
      08-12-2009, 01:49 PM   #18
///austin
Private First Class
 
Drives: 2008 BMW ///M3 Coupe
Join Date: Mar 2008
Location: Texas

Posts: 106
iTrader: (0)

Not an X5, no.

Heard back from the Lexus dealer. You guys were right--ripoff is happening somewhere. Basically the monthly payment they offered on a 36 month lease would only be a $100 less than if I just traded my car and did a finance. That tells me no way.

So I will be keeping my car. I may list it online. Not sure.

But to me it seems, the bottom line is that I can buy a third vehicle like a Discovery for less money than it costs to trade a BMW.
///austin 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 07:29 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