What's a good price for a CPO 2011 M3?

marc6SPD · 06-09-2013, 12:10 AM

Hey guys, I've been looking for a low mileage 2011 M3 sedan for a while and just saw one but dealer isn't moving on price. Car is CPO, with 10k miles, 6mt, pretty much fully loaded except comp package for $63k. KBB looks to be around $60-61k, so just wondering any views here.
Can't wait to get into an M3. I drive the bigger sibling with a V10 but it feels a bit large for a sports car.
Thanks for any input!

zachb12 · 06-09-2013, 12:17 AM

go at em with 59 and negotiate

FVM3 · 06-09-2013, 01:33 AM

Throw them an offer high 50s or try to find one from cars.com

M3Denver · 06-09-2013, 02:08 AM

Used m3 was it a trade in ? Trades are fetching 51 max on 2011s.

dagolfpro · 06-09-2013, 02:19 AM

Quote:

Originally Posted by marc6SPD

Hey guys, I've been looking for a low mileage 2011 M3 sedan for a while and just saw one but dealer isn't moving on price. Car is CPO, with 10k miles, 6mt, pretty much fully loaded except comp package for $63k. KBB looks to be around $60-61k, so just wondering any views here.
Can't wait to get into an M3. I drive the bigger sibling with a V10 but it feels a bit large for a sports car.
Thanks for any input!

I found a 2011 E90 with sticker around $71k in September of 2011 for $59k CPO. Had 24k miles. I hope that helps.

rjd598 · 06-09-2013, 02:33 AM

No reason for the car to be listed above what kbb values it at

FVM3 · 06-09-2013, 03:00 AM

Quote:

Originally Posted by rjd598

No reason for the car to be listed above what kbb values it at

When this happens salesman will tell you that no one look at the kbb value. LOL

mjposner · 06-09-2013, 06:18 AM

KBB , Edmunds etc are not binding on dealers, they view market * time to sell to get price. My dealer had a cpo 2011 E93 for 59k two months ago, but only offered me 27k in trade, got 5k more elsewhere. Are you trading your M5/M6 in? In my state, a 50k trade-in saves 3,000 in sales tax, a factor in any purchase.

marc6SPD · 06-09-2013, 07:22 AM

Denver, yes, this M3 was a trade in. Someone traded it for a 1M.
MJ, I will keep the M5 for now. Dealer won't give me good value for it anyway. It only has 22k miles.

One more question, do M3s ever come with Continental rubber? I didn't think so. New tires at less than 10k miles seems a bit fast, doesn't it?

Thanks for all the responses!

superflywheel · 06-09-2013, 08:09 AM

Yes, I've known a few people with 2011s that came with Contis.

Lorde · 06-09-2013, 08:24 AM

Quote:

Originally Posted by marc6SPD

Denver, yes, this M3 was a trade in. Someone traded it for a 1M.
MJ, I will keep the M5 for now. Dealer won't give me good value for it anyway. It only has 22k miles.

One more question, do M3s ever come with Continental rubber? I didn't think so. New tires at less than 10k miles seems a bit fast, doesn't it?

Thanks for all the responses!

Yes! They come with Conti rubber! No big deal.

AshyLarryMP · 06-09-2013, 08:24 AM

I have stock Conti's and they do wear out fast. I bought my car used so I don't know exactly how fast they wear out. But, I had a good amount of tire left a few thousand miles ago and now I got none. I'm getting some Michelin pilot super sports, probably next week.

toddcc1 · 06-09-2013, 08:31 AM

Quote:

Originally Posted by marc6SPD

Hey guys, I've been looking for a low mileage 2011 M3 sedan for a while and just saw one but dealer isn't moving on price. Car is CPO, with 10k miles, 6mt, pretty much fully loaded except comp package for $63k. KBB looks to be around $60-61k, so just wondering any views here.
Can't wait to get into an M3. I drive the bigger sibling with a V10 but it feels a bit large for a sports car.
Thanks for any input!

I paid $51k for 2010, CPOed, 10k miles.

marc6SPD · 06-09-2013, 09:49 AM

That sounds like a pretty good deal!

All helpful feedback, thanks everyone. Hopefully I have an update with some pics soon.

rjd598 · 06-09-2013, 10:44 AM

Quote:

Originally Posted by FVM3

When this happens salesman will tell you that no one look at the kbb value. LOL

You're right actually but they should be looking at kbb because there is no higher market value for these cars right now. In my long and painful search for an e36 I realized that there was literally not a single one I saw that was priced at or below kbb. They were all higher and it's because of market value. Currently the e9x shouldn't have any higher market value therefore kbb is a good guide for pricing

m7ich7ael7 · 06-11-2013, 02:45 PM

Was able to get 2011 e90 m3 recently, dct, comp pkg, 14k miles for $53,500. E90s are hard to come by...

dagolfpro · 06-11-2013, 03:06 PM

Quote:

Originally Posted by m7ich7ael7

Was able to get 2011 e90 m3 recently, dct, comp pkg, 14k miles for $53,500. E90s are hard to come by...

I think that's a good price. what was the original sticker?

jmgM3 · 06-11-2013, 03:15 PM

OP, just to give you an idea. I got my used 2011 E90 in December of 2011. It had just over 6k miles and pretty much fully loaded with ZCP pkg as well. I paid 60.5K for it.
Also, it did come with the stock Conti's.

M3 Esq · 06-11-2013, 03:31 PM

Quote:

Originally Posted by FVM3

When this happens salesman will tell you that no one look at the kbb value. LOL

Haha I love it. When I was shopping for my E90 the salesman was touting that the car was priced below KBB. When we negotiated my trade I showed him the KBB trade in value and told him that's what I wanted. He came back with a number substantially lower. When I reminded him of the KBB number, he said "oh, that's really just a guide." Later in the negotiations, he again told me how his car was priced lower than KBB. I said, "well, I thought that was just a guide." He laughed, and they gave me KBB trade in for my car. Slippery folk those salesman.

OP, I'd look at other valuations, such as NADA, Edmunds, TrueCar in addition to KBB. That will give you an idea of where to start with the negotiations.

dmk08 · 06-11-2013, 03:46 PM

Just keep offering people in the for sale section 10k less than their car is listed for and maybe you'll get lucky. Seems like standard practice round here.

F9T · 06-11-2013, 04:52 PM

I am selling my 2011 E90 for $59k. It is fully loaded (DCT, comp package and everything) with 9,300 miles and had a sticker over $72k when I bought it new at the end of November 2011. My car is literally perfect so there is no reason that the one you are looking at should be more than mine. It should actually be less. I would say $56-$57k is where it should be priced. $63k is a joke.

Transfer · 06-11-2013, 05:00 PM

Quote:

Originally Posted by infantrytroop22

I am selling my 2011 E90 for $59k. It is fully loaded (DCT, comp package and everything) with 9,300 miles and had a sticker over $72k when I bought it new at the end of November 2011. My car is literally perfect so there is no reason that the one you are looking at should be more than mine. It should actually be less. I would say $56-$57k is where it should be priced. $63k is a joke.

Agreed. No DCT and no ZCP drops price a fair bit.

06-09-2013, 12:10 AM	#1
marc6SPD Private 30 Rep 83 Posts Drives: E90 M3, E46 M3 Join Date: Jan 2013 Location: Northeast iTrader: (0)	What's a good price for a CPO 2011 M3? Hey guys, I've been looking for a low mileage 2011 M3 sedan for a while and just saw one but dealer isn't moving on price. Car is CPO, with 10k miles, 6mt, pretty much fully loaded except comp package for $63k. KBB looks to be around $60-61k, so just wondering any views here. Can't wait to get into an M3. I drive the bigger sibling with a V10 but it feels a bit large for a sports car. Thanks for any input!
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06-09-2013, 12:17 AM	#2
zachb12 Private First Class 12 Rep 186 Posts Drives: 2015 M5 Black Sapphire Join Date: May 2013 Location: Dallas, Tx iTrader: (0)	go at em with 59 and negotiate
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06-09-2013, 01:33 AM	#3
FVM3 Major General 273 Rep 5,751 Posts Drives: e92 m3, f30 328i Join Date: Sep 2010 Location: Los Angeles iTrader: (2)	Throw them an offer high 50s or try to find one from cars.com
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06-09-2013, 02:08 AM	#4
M3Denver Lieutenant 21 Rep 420 Posts Drives: 2011 BMW M3 Join Date: Mar 2012 Location: Denver CO iTrader: (0)	Used m3 was it a trade in ? Trades are fetching 51 max on 2011s.
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06-09-2013, 02:33 AM	#6
rjd598 Banned 1770 Rep 6,696 Posts Drives: F30 340i Join Date: Jan 2009 Location: San Diego,CA iTrader: (2) Garage List 2016 BMW 340i [0.00]	No reason for the car to be listed above what kbb values it at
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06-09-2013, 06:18 AM	#8
mjposner Brigadier General 898 Rep 3,071 Posts Drives: 2020 Z4 40i Join Date: Mar 2011 Location: Southwest Florida iTrader: (3)	KBB , Edmunds etc are not binding on dealers, they view market * time to sell to get price. My dealer had a cpo 2011 E93 for 59k two months ago, but only offered me 27k in trade, got 5k more elsewhere. Are you trading your M5/M6 in? In my state, a 50k trade-in saves 3,000 in sales tax, a factor in any purchase. __________________ Previous BMW: 16 M4, 13 M6; 14 M235i, 12 BMW M3; 11 BMW M3; 08 BMW M3; 08 BMW Z4M; 04 X3; 02 M3 Convertible; 02 M3; 00 M Roadster; 94 325 convertible; 92 325i Convertible; and 85 635csi My Car Photo Blog: http://carfisheye.blogspot.com/
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06-09-2013, 07:22 AM	#9
marc6SPD Private 30 Rep 83 Posts Drives: E90 M3, E46 M3 Join Date: Jan 2013 Location: Northeast iTrader: (0)	Denver, yes, this M3 was a trade in. Someone traded it for a 1M. MJ, I will keep the M5 for now. Dealer won't give me good value for it anyway. It only has 22k miles. One more question, do M3s ever come with Continental rubber? I didn't think so. New tires at less than 10k miles seems a bit fast, doesn't it? Thanks for all the responses!
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06-09-2013, 08:09 AM	#10
superflywheel ʘʘ Comandante 10 Rep 118 Posts Drives: 2011.50001 E92 DCT ZCP Join Date: Mar 2013 Location: Atlanta, GA iTrader: (0) Garage List 2011 BMW E92 M3 [10.00]	Yes, I've known a few people with 2011s that came with Contis.
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06-09-2013, 08:24 AM	#12
AshyLarryMP Lieutenant 22 Rep 422 Posts Drives: 2011 MW E92 ZCP DCT Join Date: Nov 2012 Location: San Diego iTrader: (0)	I have stock Conti's and they do wear out fast. I bought my car used so I don't know exactly how fast they wear out. But, I had a good amount of tire left a few thousand miles ago and now I got none. I'm getting some Michelin pilot super sports, probably next week.
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06-09-2013, 09:49 AM	#14
marc6SPD Private 30 Rep 83 Posts Drives: E90 M3, E46 M3 Join Date: Jan 2013 Location: Northeast iTrader: (0)	That sounds like a pretty good deal! All helpful feedback, thanks everyone. Hopefully I have an update with some pics soon.
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06-11-2013, 02:45 PM	#16
m7ich7ael7 Private 3 Rep 51 Posts Drives: M3 Join Date: Oct 2010 Location: Sunny Cali iTrader: (0)	Was able to get 2011 e90 m3 recently, dct, comp pkg, 14k miles for $53,500. E90s are hard to come by...
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06-11-2013, 03:15 PM	#18
jmgM3 Private First Class 12 Rep 136 Posts Drives: E90 M3 - 6MT - Jerez Blk Join Date: Jan 2012 Location: Houston TX iTrader: (0)	OP, just to give you an idea. I got my used 2011 E90 in December of 2011. It had just over 6k miles and pretty much fully loaded with ZCP pkg as well. I paid 60.5K for it. Also, it did come with the stock Conti's. __________________ 2011 E90 M3 - Jrz Blk - 6MT
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06-11-2013, 03:46 PM	#20
dmk08 Gone Fishin’ 7316 Rep 12,125 Posts Drives: Walks Join Date: Jul 2012 Location: Atlanta iTrader: (19)	Just keep offering people in the for sale section 10k less than their car is listed for and maybe you'll get lucky. Seems like standard practice round here.
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06-11-2013, 04:52 PM	#21
F9T Captain 76 Rep 724 Posts Drives: F90 M5 Join Date: Sep 2009 Location: SoCal iTrader: (2)	I am selling my 2011 E90 for $59k. It is fully loaded (DCT, comp package and everything) with 9,300 miles and had a sticker over $72k when I bought it new at the end of November 2011. My car is literally perfect so there is no reason that the one you are looking at should be more than mine. It should actually be less. I would say $56-$57k is where it should be priced. $63k is a joke.
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