Can someone comment on this purchase scenario?

saint3448 · 04-15-2013, 08:48 PM

Hi guys -

I've had a 08' 335i that I bought CPO two years ago, and I've loved every day of driving it. I've been tossing around the idea of upgrading to an M3, and recently got a chance to test drive one, and was really impressed.

So the following deal was presented to me:

The M3 I drove was a 2011 Grey Coupe, 7DCT, with the CF roof, Nav, Premium Package, and Comfort Access I believe. It was 18" wheels on it with brand new winter tires, and was a European Pickup car. It has roughly 15,500mi on it.

The dealer is looking for $53,675

On the + side, the car is low-mileage, I love the color/CF roof, and the black interior is also nice.

On the down side, I was REALLY looking for a ZCP, and I'm not a fan of the smaller wheels and winter tires (I'm in Texas currently...)

The dealership is willing to give me $21,000 for my 335i, against the $23,158 I still owe on it; making my total loan amount $56,022.80

How does this deal sound? I'm really on the fence. I'm not really in a hurry to get out of my current car, but I don't want to wait too long and lose the chance of getting a lower-mileage E92 M3.

Additionally - I asked for (and got) a carfax, it looks good, but when I requested that they get the service history from BMW, they didn't know how to go about doing that. Is that usually something I should look at? I'd like to know if this guy kept up with scheduled MX, etc.

Anything else a first-time (potential) M3 buyer should know?

EDIT: Also, another debate I'm having with myself is looking at higher-mile (20-30k mi) M3's in the Mid $40's, or lower (<20k mi) M3's in the low 50s. Which do you think is the better deal? Is 20-30,000mi that much for an M3?

OneMmmm · 04-15-2013, 08:57 PM

So I just purchased a 2011 E92 M3 on Saturday for $52,250. To make things even more comparable, I'm in Texas and the car had just under 18k miles. Options are as follows:

- Melbourne Red
- Black Novillo
- DCT
- ZCP
- Nav/Tech Pkg
- Heated seats (not necessary in TX)
- Premium
- CF Roof
- Ind/Prem sound

Previous owner also installed a Dinan exhaust system.

I purchased this from an individual, so seeing the price on yours from a dealer looks good IMO. I'm sure I could have found a better deal eventually, but this was the result of about 2 months of searching. It had everything I was looking for, and the price was agreeable.

Lorde · 04-15-2013, 10:37 PM

Brace yourself... Everyone on M3post is about to become a certified financial advisor.

I wouldn't consider a trade with negative equity on a car. Your money though...

mjposner · 04-16-2013, 06:15 AM

Two version of 2011 models, better to get a post 9/10 build if you are into apps and bluetooth streaming. 18" tires are cheaper to replace

. In Florida a $21k trade is really a $22,060 trade with the sales tax savings.

Sounds like a decent deal.

tjsabec · 04-16-2013, 06:27 AM

Quote:

Originally Posted by Snig

I wouldn't consider a trade with negative equity on a car. Your money though...

+1

I'd also want an 11' to be CPOed.

TTG · 04-16-2013, 10:47 AM

The price of the M3 seems reasonable.

I would take it in to BMW dealer for a full inspection. Also, when buying a used car from a random dealer, I would ask for the engine rev readings while the car is getting inspection done at dealer. There so many idiots out there who do ED and take the car out to autobahn with 5 miles on the clock and start driving at 135mph.

Sounds like a good deal if they full pay off your 335.

PS: Also, how does the dealer know that it was a ED car? There are only few things that are different on ED cars and most people have no idea what they are.

Lorde · 04-16-2013, 10:54 AM

Quote:

Originally Posted by TTG

PS: Also, how does the dealer know that it was a ED car? There are only few things that are different on ED cars and most people have no idea what they are.

If the vehicle had its 1200 mile service in Europe, wouldn't that show?

TTG · 04-16-2013, 11:02 AM

Quote:

Originally Posted by Snig

If the vehicle had its 1200 mile service in Europe, wouldn't that show?

I believe the European dealers are on a different network than US. That is why we have to pay for the 1200 service in Europe and BMWNA will reimburse you.

Also, most people don't drive their ED cars 1200 miles.

mdosu · 04-16-2013, 11:03 AM

dealer is making a killing on both sides of this deal here. You should narrow AT LEAST $3000 combined on both sides (trade and/or new sale) before seriously considering doing the trade.

I would negoitiate on this first. Tell him, you don't care how it's distributed between both parts on their books, but you need to get some $ off. The M3 part is about $1500-$2000 overvalued.

Here's a quick comparable for used M3 prices, someone just got a 2011 DCT coupe for $50k including fees. (not sure if he had a trade or finance, but $50k is fair.)

http://www.m3post.com/forums/showthr...366319&page=57

FVM3 · 04-16-2013, 03:27 PM

try to deal with them. At least pay off the balance on the 335i

05Mdriver · 04-16-2013, 04:55 PM

Quote:

Originally Posted by Snig

I wouldn't consider a trade with negative equity on a car. Your money though...

Agreed.

I say hold on to the 335i if its not giving you any trouble, they are great cars too !

bsmack · 04-16-2013, 05:07 PM

Just recently purchased a 2011 e92 M3 in NJ with 23.5k miles. Has the following:
CF roof
Fox red interior
DCT
ZCP wheels
Premium Package
Cold Weather Package
EDC
Comfort Access
Auto high beams

Got them to toss in two sets of floormats (bmw regular floormats and M floormats). Total price was $52,375 OTD. Might have helped that I had a car that they really wanted (2012 Audi TT-RS). They ended up paying that off and giving me a little cash too.

quadpipes · 04-16-2013, 08:12 PM

Quote:

Originally Posted by saint3448

...when I requested that they get the service history from BMW, they didn't know how to go about doing that. Is that usually something I should look at? I'd like to know if this guy kept up with scheduled MX, etc.

Any BMW dealer can do a 'key read' where they do just that, and can read and print out the service history. It takes them maybe a few seconds and if you seem like you might become a service customer, they should do it for free.

And I would definitely look at the service history.

Good luck.

Roundown · 04-16-2013, 09:18 PM

Quote:

Originally Posted by quadpipes

Any BMW dealer can do a 'key read' where they do just that, and can read and print out the service history. It takes them maybe a few seconds and if you seem like you might become a service customer, they should do it for free.

And I would definitely look at the service history.

Good luck.

+ This.

I looked a few used M3s before going new and I was surprised by the number that were poorly or incorrectly cared for (mostly missed break-in mile service).

socalm3lover · 04-16-2013, 09:58 PM

Quote:

Originally Posted by TTG

The price of the M3 seems reasonable.

I would take it in to BMW dealer for a full inspection. Also, when buying a used car from a random dealer, I would ask for the engine rev readings while the car is getting inspection done at dealer. There so many idiots out there who do ED and take the car out to autobahn with 5 miles on the clock and start driving at 135mph.

Sounds like a good deal if they full pay off your 335.

PS: Also, how does the dealer know that it was a ED car? There are only few things that are different on ED cars and most people have no idea what they are.

What is different on a US bound, ED car?

John

TTG · 04-17-2013, 12:10 AM

Quote:

Originally Posted by socalm3lover

What is different on a US bound, ED car?

John

Some very basic clues are

ED cars come with First Aid kits, emergency triangles and the floor mats on the ED cars do not say "BMW" on them.... they are solid. If you have the build sheet or the VIN breakdown, it will have a code for tourist delivery. Also on the window sticker, it will say "tourist delivery" with the original owners last name.

Hope this helps....

Rk-d · 04-17-2013, 12:13 AM

Agree with those above - negative equity is usually a non-starter. How far off KBB are they? Most dealers balk at matching KBB, but it's at least a frame of reference. The quoted price on the m3 is already on the highish side (though not far off).

esquire · 04-17-2013, 01:00 AM

Sell your car private party, and make money on it - not lose it. That elminates some of your loss.

Then as to the price on the actual car itself, it's not bad but i'm not thrilled with it. Especially since this car isn't exactly the one you want, I would hold out.

Also, someone above made a very good point - WHEN the car was built in 2011 is very important. There are 3 variants (not two). The 2011 model, the 2011.5 model (updated to include combox, bluetooth audio, one-wire ipod integration via usb port, M Button on steering wheel can be programmed to include additional drivers preferences, automatic start/stop, premium package (ZP2) now includes power front seats, convenience package replaces technology package) and the 2011.75 model (also adds BMW Apps). So shoot for at least a 2011.5. Probably makes an impact on resale value (and more importantly, value to you).

X2Board · 04-17-2013, 07:47 AM

That would be a great deal if the '11 was CPO. Also try to have them pay off the 335 loan.

Mr. ///M3 RD · 04-17-2013, 09:30 AM

Keep your 08' 335i for while longer. More 2010 or 2011 may become available once the new M3/M4 generation comes on the market.

If you do this you will be able to pick up something better for less money.

mdosu · 04-17-2013, 09:42 AM

Quote:

Originally Posted by bsmack

Just recently purchased a 2011 e92 M3 in NJ with 23.5k miles. Has the following:
CF roof
Fox red interior
DCT
ZCP wheels
Premium Package
Cold Weather Package
EDC
Comfort Access
Auto high beams

Got them to toss in two sets of floormats (bmw regular floormats and M floormats). Total price was $52,375 OTD. Might have helped that I had a car that they really wanted (2012 Audi TT-RS). They ended up paying that off and giving me a little cash too.

$52k includes tax and fees? if so, that's a good price, but can you quote us price excluding tax but including all dealer fees?

bsmack · 04-17-2013, 10:07 AM

The dealership ate the tax when they paid off my Audi, so I didn't pay any tax. The price for the car was $51,995 + $300 doc fee + $75 Registration transfer fee. They gave me $52k for the TT-RS (owed a little less than that, so that actually went towards the M3).

I'm going to be posting a detailed comparison soon, after I get my car detailed!

04-15-2013, 08:48 PM	#1
saint3448 Private First Class 81 Rep 119 Posts Drives: 2019 Sunset Orange M2C Join Date: Mar 2011 Location: New Orleans iTrader: (0)	Can someone comment on this purchase scenario? Hi guys - I've had a 08' 335i that I bought CPO two years ago, and I've loved every day of driving it. I've been tossing around the idea of upgrading to an M3, and recently got a chance to test drive one, and was really impressed. So the following deal was presented to me: The M3 I drove was a 2011 Grey Coupe, 7DCT, with the CF roof, Nav, Premium Package, and Comfort Access I believe. It was 18" wheels on it with brand new winter tires, and was a European Pickup car. It has roughly 15,500mi on it. The dealer is looking for $53,675 On the + side, the car is low-mileage, I love the color/CF roof, and the black interior is also nice. On the down side, I was REALLY looking for a ZCP, and I'm not a fan of the smaller wheels and winter tires (I'm in Texas currently...) The dealership is willing to give me $21,000 for my 335i, against the $23,158 I still owe on it; making my total loan amount $56,022.80 How does this deal sound? I'm really on the fence. I'm not really in a hurry to get out of my current car, but I don't want to wait too long and lose the chance of getting a lower-mileage E92 M3. Additionally - I asked for (and got) a carfax, it looks good, but when I requested that they get the service history from BMW, they didn't know how to go about doing that. Is that usually something I should look at? I'd like to know if this guy kept up with scheduled MX, etc. Anything else a first-time (potential) M3 buyer should know? EDIT: Also, another debate I'm having with myself is looking at higher-mile (20-30k mi) M3's in the Mid $40's, or lower (<20k mi) M3's in the low 50s. Which do you think is the better deal? Is 20-30,000mi that much for an M3? Last edited by saint3448; 04-15-2013 at 08:57 PM..
	Appreciate 0 Tweet Quote

04-15-2013, 08:57 PM	#2
OneMmmm Lieutenant 126 Rep 558 Posts Drives: E92 M3 Join Date: Jul 2011 Location: Southwest iTrader: (0)	So I just purchased a 2011 E92 M3 on Saturday for $52,250. To make things even more comparable, I'm in Texas and the car had just under 18k miles. Options are as follows: - Melbourne Red - Black Novillo - DCT - ZCP - Nav/Tech Pkg - Heated seats (not necessary in TX) - Premium - CF Roof - Ind/Prem sound Previous owner also installed a Dinan exhaust system. I purchased this from an individual, so seeing the price on yours from a dealer looks good IMO. I'm sure I could have found a better deal eventually, but this was the result of about 2 months of searching. It had everything I was looking for, and the price was agreeable.
	Appreciate 0 Quote

04-15-2013, 10:37 PM	#3
Lorde Ya ya ya, I am Lorde, ya ya! 266 Rep 2,772 Posts Drives: E90 M3, 2015 SQ5 Join Date: May 2011 Location: Snig iTrader: (10) Garage List 2008 BMW M3 E90 [0.00]	Brace yourself... Everyone on M3post is about to become a certified financial advisor. I wouldn't consider a trade with negative equity on a car. Your money though...
	Appreciate 0 Quote

04-16-2013, 06:15 AM	#4
mjposner Brigadier General 898 Rep 3,071 Posts Drives: 2020 Z4 40i Join Date: Mar 2011 Location: Southwest Florida iTrader: (3)	Two version of 2011 models, better to get a post 9/10 build if you are into apps and bluetooth streaming. 18" tires are cheaper to replace . In Florida a $21k trade is really a $22,060 trade with the sales tax savings. Sounds like a decent deal. __________________ 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/
	Appreciate 0 Quote

04-16-2013, 10:47 AM	#6
TTG ... 936 Rep 4,326 Posts Drives: M340 Join Date: Aug 2006 Location: Seattle, WA iTrader: (3) Garage List 2011 BMW M3 [7.84] 2007 335 Coupe (ret ... [9.00]	The price of the M3 seems reasonable. I would take it in to BMW dealer for a full inspection. Also, when buying a used car from a random dealer, I would ask for the engine rev readings while the car is getting inspection done at dealer. There so many idiots out there who do ED and take the car out to autobahn with 5 miles on the clock and start driving at 135mph. Sounds like a good deal if they full pay off your 335. PS: Also, how does the dealer know that it was a ED car? There are only few things that are different on ED cars and most people have no idea what they are. __________________ 2020 G20 M340 xDrive - Portimao Blue - ZDA\|ZPP\|ZPX\|1CR\|1PE\|6NW\|6WD 2016 F10 535i xDrive - AW - Retired 2011 E92 M3 - AW……………....ED April 29th, 2010 - Retired 2007 E92 335i -Space Gray.....ED Oct 19th, 2006 - Retired
	Appreciate 0 Quote

04-16-2013, 11:03 AM	#9
mdosu Banned 314 Rep 8,496 Posts Drives: Double Vanos'd Civic-M3 Join Date: Oct 2009 Location: San Francisco iTrader: (6)	dealer is making a killing on both sides of this deal here. You should narrow AT LEAST $3000 combined on both sides (trade and/or new sale) before seriously considering doing the trade. I would negoitiate on this first. Tell him, you don't care how it's distributed between both parts on their books, but you need to get some $ off. The M3 part is about $1500-$2000 overvalued. Here's a quick comparable for used M3 prices, someone just got a 2011 DCT coupe for $50k including fees. (not sure if he had a trade or finance, but $50k is fair.) http://www.m3post.com/forums/showthr...366319&page=57 Last edited by mdosu; 04-16-2013 at 11:09 AM..
	Appreciate 0 Quote

04-16-2013, 03:27 PM	#10
FVM3 Major General 273 Rep 5,751 Posts Drives: e92 m3, f30 328i Join Date: Sep 2010 Location: Los Angeles iTrader: (2)	try to deal with them. At least pay off the balance on the 335i
	Appreciate 0 Quote

04-16-2013, 05:07 PM	#12
bsmack Private First Class 14 Rep 133 Posts Drives: 2011 e92 M3 Join Date: Jun 2011 Location: Boston, MA iTrader: (2)	Just recently purchased a 2011 e92 M3 in NJ with 23.5k miles. Has the following: CF roof Fox red interior DCT ZCP wheels Premium Package Cold Weather Package EDC Comfort Access Auto high beams Got them to toss in two sets of floormats (bmw regular floormats and M floormats). Total price was $52,375 OTD. Might have helped that I had a car that they really wanted (2012 Audi TT-RS). They ended up paying that off and giving me a little cash too.
	Appreciate 0 Quote

04-17-2013, 12:13 AM	#17
Rk-d Lieutenant 599 Rep 556 Posts Drives: GT3 Touring, 993 C4S, M2C Join Date: Jan 2013 Location: SE iTrader: (1)	Agree with those above - negative equity is usually a non-starter. How far off KBB are they? Most dealers balk at matching KBB, but it's at least a frame of reference. The quoted price on the m3 is already on the highish side (though not far off).
	Appreciate 0 Quote

04-17-2013, 01:00 AM	#18
esquire Brigadier General 478 Rep 3,044 Posts Drives: 2011 Dakar Yellow M3, 2018 M5 Join Date: Feb 2007 Location: Orange County, California iTrader: (0)	Sell your car private party, and make money on it - not lose it. That elminates some of your loss. Then as to the price on the actual car itself, it's not bad but i'm not thrilled with it. Especially since this car isn't exactly the one you want, I would hold out. Also, someone above made a very good point - WHEN the car was built in 2011 is very important. There are 3 variants (not two). The 2011 model, the 2011.5 model (updated to include combox, bluetooth audio, one-wire ipod integration via usb port, M Button on steering wheel can be programmed to include additional drivers preferences, automatic start/stop, premium package (ZP2) now includes power front seats, convenience package replaces technology package) and the 2011.75 model (also adds BMW Apps). So shoot for at least a 2011.5. Probably makes an impact on resale value (and more importantly, value to you). __________________ [ESS VT2-625] [Akrapovic Evolution Exhaust] [KW Clubsports] [OSS Angel Eyes] [Revinora r-CRT Lip] [Vorsteiner Boot] [Challenge Race Diffuser] [See the Build Thread HERE]
	Appreciate 0 Quote

04-17-2013, 07:47 AM	#19
X2Board Lieutenant Colonel 444 Rep 1,643 Posts Drives: I'm back, bitches! '13 E92 ZCP Join Date: Feb 2011 Location: Wake Forest, NC iTrader: (1)	That would be a great deal if the '11 was CPO. Also try to have them pay off the 335 loan. __________________ 2013 Jerez Black/Black E92 ZCP DCT - I'm back!! 2014 Guards Red 991 C2S 7MT - Gone. 2015 YMB/SS F80 M3 6sp - Gone 2011 Sapphire Black/Black E70 X5 M - Gone. 2010 Jerez Black/Black E90 M3 DCT -Gone-
	Appreciate 0 Quote

04-17-2013, 09:30 AM	#20
Mr. ///M3 RD Happy Camper 613 Rep 7,869 Posts Drives: C63 AMG & 280 SL on Weekends : Join Date: May 2010 Location: GTA, Ontario - Canada iTrader: (0) Garage List 1969 Restored Merce ... [7.50] 2011 M3 Coupe TRADED [7.34] 1987 BMW 535is [1.00] Cars from the Past [6.50] The ///M3 Engine S65 [9.59]	Keep your 08' 335i for while longer. More 2010 or 2011 may become available once the new M3/M4 generation comes on the market. If you do this you will be able to pick up something better for less money. __________________ Cheers, Rolf-Dieter Life will take us to some interesting places, fortunately The ///M3 will too with a many of us know this very well, now my C6.3 AMG with 487 HP does it too ---> Click here for some good stuff I found
	Appreciate 0 Quote

04-17-2013, 10:07 AM	#22
bsmack Private First Class 14 Rep 133 Posts Drives: 2011 e92 M3 Join Date: Jun 2011 Location: Boston, MA iTrader: (2)	The dealership ate the tax when they paid off my Audi, so I didn't pay any tax. The price for the car was $51,995 + $300 doc fee + $75 Registration transfer fee. They gave me $52k for the TT-RS (owed a little less than that, so that actually went towards the M3). I'm going to be posting a detailed comparison soon, after I get my car detailed!
	Appreciate 0 Quote