USED 2012 M3, 3K miles, $66K, Fair Deal???

[M~FACTOR]

Greetings!!!
Recently saw a pristine 2012 M3 Coupe with 3,000 miles (1 owner). Dealer is standing firm at $66,000.
Details/Options: ZCP(Comp Package), ZPP(Prem Package), M-DCT, SAT radio, Premium Sound, Extended Leather, Metallic Paint. Suggested Retail $75,900.

So what are your thoughts on $66,000? Walk away or Hello M3?

[Technic]

Originally Posted by M~FACTOR

Greetings!!!
Recently saw a pristine 2012 M3 Coupe with 3,000 miles (1 owner). Dealer is standing firm at $66,000.
Details/Options: ZCP(Comp Package), ZPP(Prem Package), M-DCT, SAT radio, Premium Sound, Extended Leather, Metallic Paint. Suggested Retail $75,900.

So what are your thoughts on $66,000? Walk away or Hello M3?

You should consider European Delivery and get a 2013 much cheaper than that, IMO...

[jc05e46m3]

Originally Posted by M~FACTOR

Greetings!!!
Recently saw a pristine 2012 M3 Coupe with 3,000 miles (1 owner). Dealer is standing firm at $66,000.
Details/Options: ZCP(Comp Package), ZPP(Prem Package), M-DCT, SAT radio, Premium Sound, Extended Leather, Metallic Paint. Suggested Retail $75,900.

So what are your thoughts on $66,000? Walk away or Hello M3?

Pristine as it may be, it will not be more pristine than one rolling off the showroom floor with you as the first owner. I am paying roughly that for my 2012 ordered back in March. I don't have DCT, SAT radio, or premium sound which would result in a ~$5k difference, i still could not validate purchasing that vehicle.

I will tell you that i was roughly in the same position as you, my deal was a little worse (http://www.m3post.com/forums/showthread.php?t=654352) but I can tell you i feel much more secure in my decision of purchasing one new, customized exactly as i wanted. As Technic said, ED will be even better of a deal. Just my .02.

Originally Posted by Technic

You should consider European Delivery and get a 2013 much cheaper than that, IMO...

[Longboarder]

No way. You can buy that exact car with 0 miles on it for about $71K (93% of MSRP).

[MotorWerksParts]

Was the asking price 75k? How much did they budge? Why did the previous owner get rid of it after only 3k miles?

[M~FACTOR]

Technic:
Unfortunately ED is not an option for me. Heard it worked out great for many. Not enticed by the 2013 nor the wait.

jc05e46m3:
I agree with you 100% that a new one from showroom being more pristine. However, I've been there, done that before (Brand Spankin' New). Not a priority or deal breaker for me anymore. One owner cars that have been gently broken in (3000 miles +/-) are not an issue for me. Now comparing your March purchase is worth raising an eyebrow. Everything that you do not have are exact options that I desire. So that ~$5K would have to be factored in somewhere.

Longboarder:
I guess the question then is how much of a dollar amount should be attached to the 3,000 miles of usage? If 0 miles warrants $71K, what does 3,000 miles equate to? Is roughly $55K the price it should be discounted to due the accumulated mileage? Are dealers letting these go for that deep of discount once they have had a title and clocked 3,000 +/- miles? The crazy thing is that this car is "exactly" how I would have built/ordered if purchased brand new!!!!!

MotorWerksParts:
The asking price presented to me was $69,910. They budged $3910 ($69,910-$66,000). Assuming if the original owner got lucky and got 8% off of the Retail of $75,945, then $69,869 (possibly invoice) was initial sale. Clearly my initial asking price was a joke (insult). Now the question is whether taking another 7% off of $69,869 due to its used status fair or not? Appears that owner averaged 600 miles/month.

All:
Your feedback has been very insightful. Will rethink my thoughts and weigh best options.

[malter2.0]

1. It is not only by 3k that warranty is eaten away. Look at the the purchase date. If it was early 2012 you could have a car that has 3 years of warranty left, not 4. That's potentially 25% less time.

2. Givig 3-5k more for new car with exact options you want and 0 miles is worth it. In reselling you will be the original 1-owner, which carries a premium.

3. Could be 3k miles on the track. You do not know the history. If you are already shelling out that money, then buy a new one with known history. It is silly.

4. Multiple dealers now offer these car at $500-1k over invoice.

5. Having a last year production model with desirable options carries a premium when selling, e.g. '06 ZCP E46 M3 always carry 20% premium easily if in interlagos blue, 6-speed ...not matter what the mileage, simply because it is last year and ZCP.

Now the question is whether taking another 7% off of $69,869 due to its used status fair or not? Appears that owner averaged 600 miles/month.

I'd offer $61k. Average "appliance" cars like accord, taurus take a 20-25% plunge you drive them off the lot. You are being generous at 7%. Go with 15% or so.

[tibra1]

Agree..at this price point its better to buy new

[meko]

+1

[jc05e46m3]

Originally Posted by malter2.0

1. It is not only by 3k that warranty is eaten away. Look at the the purchase date. If it was early 2012 you could have a car that has 3 years of warranty left, not 4. That's potentially 25% less time.

2. Givig 3-5k more for new car with exact options you want and 0 miles is worth it. In reselling you will be the original 1-owner, which carries a premium.

3. Could be 3k miles on the track. You do not know the history. If you are already shelling out that money, then buy a new one with known history. It is silly.

4. Multiple dealers now offer these car at $500-1k over invoice.

5. Having a last year production model with desirable options carries a premium when selling, e.g. '06 ZCP E46 M3 always carry 20% premium easily if in interlagos blue, 6-speed ...not matter what the mileage, simply because it is last year and ZCP.



I'd offer $61k. Average "appliance" cars like accord, taurus take a 20-25% plunge you drive them off the lot. You are being generous at 7%. Go with 15% or so.

+1 Best of luck to you, buddy. It's surely not an easy decision.