trading in 325i for 2008 m3

HanM3 · 10-15-2008, 12:58 PM

just was wondering if someone could help me put together a deal for an 08 m3

i am currently driving a 2006 325 i that i owe 29,000 on the im looking at a 2008 m3 with dct tech package and sport package the dealer put together a deal for me to put 16,000 down and with the 0.9% i would pay 945 a month is this a good deal or can i do better? help me out brothers

positiveions · 10-15-2008, 02:21 PM

What is the price of the vehicle: MSRP? what discounts they offered you?

I've been dealing with Shelly BMW. I bought 2 vehicles from them in the past. Let me know. I can talk to my guy and see if he can hook you up. Eli

HanM3 · 10-15-2008, 02:41 PM

i saw the price at 72,000

jaay11 · 10-15-2008, 03:06 PM

Quote:

Originally Posted by alpha-3

i saw the price at 72,000

Stay away from MSRP....start with Invoice and work up based on what you are willing to offer as profit. By 30 or 31 Oct....they will be willing to take invoice.

Then......deduct your trade-in/cash from that price. Keep that in your back pocket until the last minute to keep the process simple and the math straightforward.

Really, I would not start with MSRP....

HanM3 · 10-15-2008, 03:08 PM

what sounds reasonable to you

jaay11 · 10-15-2008, 03:11 PM

Quote:

Originally Posted by alpha-3

what sounds reasonable to you

Invoice...!

If you have to move on a number, go $400 to $700 over invoice.

HanM3 · 10-15-2008, 03:13 PM

im sorry if i sound dumb to you as im not well versed on this...when we're talking about invoice we are talking about 60,000 as the starting point? my real question is if you were in my position what would u shoot for like how much down would i need to put down and what would my monthly be at

positiveions · 10-15-2008, 05:46 PM

Find out what the invoice is on Edmunds.com. If the MSRP is 65k, and the invoice is 60k, then you start with 60k, and add $500 dollars on top. Downpayment is all up to you. The monthly is where you want to be as well. If you are doing straight financing, then use www.bankrates.com. They have an online calculator. As a rule of thumb, I deduct the downpayment from the total selling price or the negotiated price of the vehicle, and multiply the price of the vehicle with 9% (that will cover taxes and license fees). Input the price of the vehicle, along with years, interest rates, and voila, you got the monthly payments.

monk · 10-15-2008, 06:57 PM

Sell your 325i privately and buy an 08 M3 for below invoice. That was exactly what I did.

camaross305 · 10-15-2008, 07:07 PM

Im buying my m3 AT INVOICE dont go 500-100 above invoice if its a coupe... a sedan ive seen them go 3-4k under invoice

HanM3 · 10-15-2008, 07:34 PM

i appreciate all your guys all help i need all the input i can get...monk how much did u get for your 325 i privately and where did u sell it

monk · 10-15-2008, 09:59 PM

sold my on www.craigslist.org. Look at the market on craigslist and with reasonable price, you will find a buyer.

HanM3 · 10-16-2008, 11:35 AM

i had another question...when i got the 325i i got a bad deal interest wise through bmwfs as my credit wasnt what it is now...do you think this could stop me from getting the deal as they already have it good?

mkoesel · 10-16-2008, 12:14 PM

I definitely agree you should private sale the car. You are going to get killed on it either way, but you'll lose less with a private sale.

jaay11 · 10-16-2008, 01:53 PM

Quote:

Originally Posted by alpha-3

i had another question...when i got the 325i i got a bad deal interest wise through bmwfs as my credit wasnt what it is now...do you think this could stop me from getting the deal as they already have it good?

I looked into the Select "Balloon" option and BMW said "700 credit score...no problem." Otherwise, look for other options.

HanM3 · 10-16-2008, 02:14 PM

can u explain the balloon option

mkoesel · 10-16-2008, 02:25 PM

Quote:

Originally Posted by jaay11

I looked into the Select "Balloon" option and BMW said "700 credit score...no problem." Otherwise, look for other options.

I got the select loan with baloon no problem, and i doubt my credit score is 700 due to my mortgage company screwing me over and marking a payment late when it wasn't

positiveions · 10-16-2008, 03:49 PM

Balloon is like a lease; however, it is for 60 month, there a balance owed, and no mileage to worry about. Simply put. If you are the type of person who has another vehicle to drive as a workhorse, then lease the car. If you think you are going to trade the car in 3 years, then lease. But if you think you are going to keep the car for a while, then buy it.

10-15-2008, 12:58 PM	#1
HanM3 Private 9 Rep 53 Posts Drives: 2009 m3 space gray coupe Join Date: Aug 2007 Location: oc iTrader: (0)	trading in 325i for 2008 m3 just was wondering if someone could help me put together a deal for an 08 m3 i am currently driving a 2006 325 i that i owe 29,000 on the im looking at a 2008 m3 with dct tech package and sport package the dealer put together a deal for me to put 16,000 down and with the 0.9% i would pay 945 a month is this a good deal or can i do better? help me out brothers
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10-15-2008, 02:21 PM	#2
positiveions Lieutenant General 961 Rep 11,722 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	What is the price of the vehicle: MSRP? what discounts they offered you? I've been dealing with Shelly BMW. I bought 2 vehicles from them in the past. Let me know. I can talk to my guy and see if he can hook you up. Eli
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10-15-2008, 02:41 PM	#3
HanM3 Private 9 Rep 53 Posts Drives: 2009 m3 space gray coupe Join Date: Aug 2007 Location: oc iTrader: (0)	i saw the price at 72,000
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10-15-2008, 03:08 PM	#5
HanM3 Private 9 Rep 53 Posts Drives: 2009 m3 space gray coupe Join Date: Aug 2007 Location: oc iTrader: (0)	what sounds reasonable to you
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10-15-2008, 03:13 PM	#7
HanM3 Private 9 Rep 53 Posts Drives: 2009 m3 space gray coupe Join Date: Aug 2007 Location: oc iTrader: (0)	im sorry if i sound dumb to you as im not well versed on this...when we're talking about invoice we are talking about 60,000 as the starting point? my real question is if you were in my position what would u shoot for like how much down would i need to put down and what would my monthly be at
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10-15-2008, 05:46 PM	#8
positiveions Lieutenant General 961 Rep 11,722 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	Find out what the invoice is on Edmunds.com. If the MSRP is 65k, and the invoice is 60k, then you start with 60k, and add $500 dollars on top. Downpayment is all up to you. The monthly is where you want to be as well. If you are doing straight financing, then use www.bankrates.com. They have an online calculator. As a rule of thumb, I deduct the downpayment from the total selling price or the negotiated price of the vehicle, and multiply the price of the vehicle with 9% (that will cover taxes and license fees). Input the price of the vehicle, along with years, interest rates, and voila, you got the monthly payments.
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10-15-2008, 06:57 PM	#9
monk Second Lieutenant 26 Rep 249 Posts Drives: 08 M3 Space Gray Coupe 6M Join Date: Jun 2006 Location: Sacramento, CA iTrader: (1)	Sell your 325i privately and buy an 08 M3 for below invoice. That was exactly what I did.
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10-15-2008, 07:07 PM	#10
camaross305 135 Rep 1,825 Posts Drives: 2008 M3 Join Date: Jul 2008 Location: gainesville fl iTrader: (20)	Im buying my m3 AT INVOICE dont go 500-100 above invoice if its a coupe... a sedan ive seen them go 3-4k under invoice
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10-15-2008, 07:34 PM	#11
HanM3 Private 9 Rep 53 Posts Drives: 2009 m3 space gray coupe Join Date: Aug 2007 Location: oc iTrader: (0)	i appreciate all your guys all help i need all the input i can get...monk how much did u get for your 325 i privately and where did u sell it
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10-15-2008, 09:59 PM	#12
monk Second Lieutenant 26 Rep 249 Posts Drives: 08 M3 Space Gray Coupe 6M Join Date: Jun 2006 Location: Sacramento, CA iTrader: (1)	craigslist.org sold my on www.craigslist.org. Look at the market on craigslist and with reasonable price, you will find a buyer.
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10-16-2008, 11:35 AM	#13
HanM3 Private 9 Rep 53 Posts Drives: 2009 m3 space gray coupe Join Date: Aug 2007 Location: oc iTrader: (0)	i had another question...when i got the 325i i got a bad deal interest wise through bmwfs as my credit wasnt what it is now...do you think this could stop me from getting the deal as they already have it good?
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10-16-2008, 12:14 PM	#14
mkoesel Moderator 7512 Rep 19,368 Posts Drives: No BMW for now Join Date: Jun 2006 Location: Canton, MI iTrader: (1)	I definitely agree you should private sale the car. You are going to get killed on it either way, but you'll lose less with a private sale.
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10-16-2008, 02:14 PM	#16
HanM3 Private 9 Rep 53 Posts Drives: 2009 m3 space gray coupe Join Date: Aug 2007 Location: oc iTrader: (0)	can u explain the balloon option
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10-16-2008, 03:49 PM	#18
positiveions Lieutenant General 961 Rep 11,722 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	Balloon is like a lease; however, it is for 60 month, there a balance owed, and no mileage to worry about. Simply put. If you are the type of person who has another vehicle to drive as a workhorse, then lease the car. If you think you are going to trade the car in 3 years, then lease. But if you think you are going to keep the car for a while, then buy it.
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