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03-20-2014, 10:54 AM | #1 |
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Advice on purchasing CPO 2011 M3 at a distance
I am looking at picking up a 2011 M3 Sedan with Competition Package and DCT in either Blue (Interlagos or Le Mans) or Mineral White. Unfortunately, there are none within 200 miles of me, so I had to cast a wider net. I also have my 2007 335i that I would like to trade-in. I am sticking to CPO since a warranty would be included and there is less worry buying at a distance (of course I would inspect personally before signing).
From the KBB values, the car should be about $51K or less with most options. I was wondering if anyone has any advise on questions to ask, places to look, or any general recommendations? I also wanted to trade in my 2007 335i if anyone has pointers, since I have only bought new in the past. Right now I have whittled it down to a few cars - does anyone have any experience with these cars: Vermont (Automaster) 2011 BMW M3 Sedan, Le Mans Blue, 24K miles, Comp, DCT, Cold Weather, Premium, asking $54,900 (Used, not CPO) http://www.theautomasterbmw.com/used...1c8ab4c64d.htm New Hampshire (Tulley) 2011 BMW M3 Sedan, Interlagos Blue, 38K miles, Comp, DCT, Cold Weather, Premium, asking $52,600 (has wood interior, would have to switch it out) http://www.autotrader.com/cars-for-s...56757476&Log=0 Seattle, WA (BMW Seattle) 2011 BMW M3 Sedan, Interlagos Blue, 33K miles, Comp, DCT, Cold Weather, Premium, asking $52,995 http://www.autotrader.com/cars-for-s...67878723&Log=0 There is a model out in Habberstad, NY, which sounds like it was tracked, so I will likely stay away for now (unless someone can convince me otherwise, since that one is asking higher than the others). |
03-20-2014, 11:17 AM | #2 | |
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03-20-2014, 11:25 AM | #3 | |
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I just noticed that the Le Mans Blue model in VT is not CPO, so their asking price of $54,900 is way more than a KBB estimated price of $46K (based on options). If I pick up a car that is clean and still under warranty, I guess that I should not run into major problems and be able to purchase extended warranty without issues, correct? |
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03-20-2014, 11:29 AM | #4 |
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I think there's more to the CPO than the extended warranty. I had a CPO E46 M3. Lemme see if I can google some differences.
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2011 e90 M3 Space Grey DCT ZCP- eAs, BMW Performance, Agency Power, Macht Schnell, iND, Milltek, Volk, Challenge, Stoptech, Ohlins
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03-20-2014, 11:31 AM | #5 | |
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03-20-2014, 11:41 AM | #6 | |
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Roadside assistance Different financing rates Warranty According to the BMW site. So the only thing worth a damn is the warranty. You can get better financing rates from pretty much any credit union unless they are offering .9. I actually think they are offering that on 11s right now. But if you're paying so much more up front is it worth it? Dunno. |
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03-20-2014, 11:42 AM | #7 |
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03-20-2014, 12:08 PM | #8 |
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Sounds great, thanks for the advice.
Is there anything specific that you would do when buying from a dealer at a distance? Get a mechanical evaluation ahead of time from another dealer or mechanic in the area? Any thoughts on the cars above? The Le Mans model may be just too far from reality to negotiate down to appropriate levels for non-CPO. |
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03-20-2014, 12:13 PM | #9 | |
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And I think some number crunching would be needed to really see if it's worth it. Honestly, I'm glad I didn't go CPO on this one. I still got a decent used rate (3.35) and I could buy the warranty at my leisure instead of being hassled into it at the dealership during the sale. They kept trying to roll the damn thing into the loan without giving me a chance to negotiate the price down.
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03-20-2014, 12:14 PM | #10 | |
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03-20-2014, 01:09 PM | #11 |
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I bought mine from Cali (i'm in GA) sight unseen with a 5-day return in writing. I did have a PPI done out there. I had already collected service records, checked carfax/authcheck, and had the seller go around the car w/ an HD video cam.
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03-20-2014, 02:18 PM | #12 |
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Just a suggestion, but you can probably find a much better deal on the classifieds here. Should be able to find something for around $45k.
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03-20-2014, 02:29 PM | #13 |
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03-20-2014, 02:37 PM | #14 |
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Have you searched BMWUSA.com?
Search all over US and you'll find some 2011 4dr cars at that site with seemingly better prices and mileage than your Autotrader finds. |
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03-20-2014, 03:15 PM | #15 |
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Seriously? I've seen a bunch of coupes for sale in the $45k range. Perhaps the E90 is rarer...
I recently looked at an extended warranty for my 2011. They are pretty expensive, but worth it. There are a few different options and the cost ranges from roughly $3k - $6k (if memory serves).
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Last edited by ///Mperative; 03-20-2014 at 03:23 PM.. |
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03-20-2014, 03:43 PM | #16 | |
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03-20-2014, 06:09 PM | #17 | |
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http://www.carmax.com/enus/view-car/...results%20page My brother bought a 3 series a while ago and it had significant bodywork (no frame damage) that was undisclosed - took a bit of work to return it. Anyone have experience with CarMax? |
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03-21-2014, 09:32 AM | #18 |
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That sounds really high for a 09-10. I agree on the Comp Pack. I wouldn't buy the car without it.
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03-21-2014, 10:06 AM | #19 |
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03-21-2014, 11:44 AM | #20 |
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Yeah, same. Doesn't make much difference to me. Worst case, I can trade it in to my dealer for close to payoff.
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03-21-2014, 01:29 PM | #21 | ||
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So I am figuring that right now a non-CPO will run me $5K more than a CPO. Quote:
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03-21-2014, 01:43 PM | #22 | |
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I believe his car is Jerez Black. It's in the FS section help the man out! http://www.m3post.com/forums/showthread.php?t=957921 |
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