M3 pricing (CPO)

nvez · 03-05-2012, 06:07 PM

Hey guys, I posted this over at E90post but realized I might get some good input here

Quote:

Originally Posted by nvez

Hi guys

I found an M3 with the following specs:

2008 E92 M3
- MDrive package (navigation)
- Audiophile package
- Individual sound package
- PDC
- EDC
- 6MT
- 50K kms on it
- CPO

The lowest the dealer wants to go is 54K (CAD).. is that good or? :\

He didnt wanna budge at all.. what do you guys think?

Giccy · 03-05-2012, 07:24 PM

Too high IMHO. Saw 2009 CPOs with equivalent options 4months ago in that price range.

nvez · 03-05-2012, 07:46 PM

Quote:

Originally Posted by Giccy Gic

Too high IMHO. Saw 2009 CPOs with equivalent options 4months ago in that price range.

any number in mind? also comparing all quebec cpos, the pricing is the same all around

just ran a search on all bmw cpo inventory, cheapest is 52k with mdrive and exec package and edc, so same specs, 70k kms on it (20k more) for 2k less

ailikesiliu · 03-05-2012, 08:21 PM

Mileage is kind of high, but with CPO it's not really a big deal.
I think 50k should be a fair deal.

thug123 · 03-05-2012, 09:29 PM

dealer probally got that car around high 30s to low 40s,
i traded in my 08 m3 last summer at mid 40s, same option only has 25000 kms

MisterM3 · 03-05-2012, 10:34 PM

that sounds about right for CDN price from the dealer with CPO though you can still budge a little more. which dealer is it from if you dont mind me asking?

bobblehead · 03-06-2012, 06:38 AM

Looks like the dealer is going to make a killing off the car ... even if it's sold in the low $50's. The fair value of the (CPO) car is $43K max in my opinion. I guess if you want it bad enough, you will pay any price.

Dealer probably paid $40K (the most)

canadian stig · 03-06-2012, 07:42 AM

Quote:

Originally Posted by bobblehead

Looks like the dealer is going to make a killing off the car ... even if it's sold in the low $50's. The fair value of the (CPO) car is $43K max in my opinion. I guess if you want it bad enough, you will pay any price.

Dealer probably paid $40K (the most)

where? a quick search of bmw website and autotrader shows you can hardly find any e92 less than $50k whether cpo or not. e90 sedans are at least high $40's. $54k seems to be in line with the market. a couple of thousand dollars off that would be good. but the OP won't get it for anywhere near $43k. not even private sales are that cheap. Canadians as usual are being price gouged. Personally I'm giving serious thought to importing from the US. cars there are dirt cheap compared to here, at least $5-10k difference.

KJ · 03-06-2012, 08:37 AM

Quote:

Originally Posted by bobblehead

Looks like the dealer is going to make a killing off the car ... even if it's sold in the low $50's. The fair value of the (CPO) car is $43K max in my opinion. I guess if you want it bad enough, you will pay any price.

Dealer probably paid $40K (the most)

$43,000 for a CPO? You haven't been looking for an M3 obviously.

The only ones that cheap have closer to 80K, no Nav, no options and some nasty colour leather that no one wants.

bobblehead · 03-06-2012, 08:41 AM

Like I said, everyone is going to have a different valuation of what a car's worth. To me, it not worth in the mid $50's for a 4+yr old car. I am just giving my own opinion of what's the fair value of the car, I know the market is simply capitalizing such a niche car but if that's what you want to pay, then it's totally up to the individual.

03-05-2012, 07:24 PM	#2
Giccy Captain 33 Rep 748 Posts Drives: like he has much to learn Join Date: Oct 2011 Location: Toronto iTrader: (2)	Too high IMHO. Saw 2009 CPOs with equivalent options 4months ago in that price range.
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03-05-2012, 08:21 PM	#4
ailikesiliu Captain 80 Rep 998 Posts Drives: e90m3 997.2gt3rs Join Date: Nov 2011 Location: Vancouver, BC iTrader: (8)	Mileage is kind of high, but with CPO it's not really a big deal. I think 50k should be a fair deal.
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03-05-2012, 09:29 PM	#5
thug123 Second Lieutenant 24 Rep 280 Posts Drives: 997 2 GT3 Join Date: Oct 2006 Location: toronto iTrader: (1)	dealer probally got that car around high 30s to low 40s, i traded in my 08 m3 last summer at mid 40s, same option only has 25000 kms Last edited by thug123; 03-05-2012 at 10:06 PM..
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03-05-2012, 10:34 PM	#6
MisterM3 not so newbie 9 Rep 207 Posts Drives: VTEC to V6 to V8 Join Date: Jun 2011 Location: Toronto iTrader: (1)	that sounds about right for CDN price from the dealer with CPO though you can still budge a little more. which dealer is it from if you dont mind me asking?
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03-06-2012, 06:38 AM	#7
bobblehead Brigadier General 256 Rep 4,721 Posts Drives: warp speed Join Date: Aug 2009 Location: Toronto, On iTrader: (0)	Looks like the dealer is going to make a killing off the car ... even if it's sold in the low $50's. The fair value of the (CPO) car is $43K max in my opinion. I guess if you want it bad enough, you will pay any price. Dealer probably paid $40K (the most)
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03-06-2012, 08:41 AM	#10
bobblehead Brigadier General 256 Rep 4,721 Posts Drives: warp speed Join Date: Aug 2009 Location: Toronto, On iTrader: (0)	Like I said, everyone is going to have a different valuation of what a car's worth. To me, it not worth in the mid $50's for a 4+yr old car. I am just giving my own opinion of what's the fair value of the car, I know the market is simply capitalizing such a niche car but if that's what you want to pay, then it's totally up to the individual. Last edited by bobblehead; 03-06-2012 at 09:02 AM..
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