BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > General M3 Forum (E90 + E92 + E93)
 
Steve Thomas BMW
Post Reply
 
Thread Tools Search this Thread
      05-18-2011, 03:53 PM   #1
I Wanna go Fast!
Private First Class
 
Drives: 08 l E90 l AW l PREMIUM l TECH
Join Date: Aug 2010
Location: Illinois

Posts: 198
iTrader: (0)

Trade in values 2008 E90

obviously values will be different based on options, mileage etc. But I was wondering if anyone has traded in their 2008 e90 lately and what did you get?

I have 37k miles on mine. 6mt, every option possible.
__________________
///M 08 l E90 l AW l 6MT l TECH l PREMIUM l 19 220M
I Wanna go Fast! is offline  
0
Reply With Quote
      05-18-2011, 03:57 PM   #2
Kartelli
Private First Class
 
Drives: 08 M3 Coupe
Join Date: Jul 2010
Location: Edmonton

Posts: 144
iTrader: (0)

get ready to be bent over... your not going to like the 2011 wholesale values.
Kartelli is offline  
0
Reply With Quote
      05-18-2011, 04:03 PM   #3
U235
09 X5 35d / 11 B8 S4
 
Drives: 09 E70 X5 35d
Join Date: Jan 2010
Location: Austin, TX

Posts: 172
iTrader: (0)

Send a message via AIM to U235
Quote:
Originally Posted by I Wanna go Fast! View Post
obviously values will be different based on options, mileage etc. But I was wondering if anyone has traded in their 2008 e90 lately and what did you get?

I have 37k miles on mine. 6mt, every option possible.
I'd say you'd get in the low 30s. You could private it for low 40s
U235 is offline   United_States
0
Reply With Quote
      05-18-2011, 04:08 PM   #4
nirvanayoda
Second Lieutenant
 
Drives: 2011 e92 M3
Join Date: May 2009
Location: Houston

Posts: 245
iTrader: (0)

Quote:
Originally Posted by U235 View Post
I'd say you'd get in the low 30s. You could private it for low 40s
He should get higher than that I think. I traded in a Dinan Stage 3 335i Coupe last month and got higher than that. I can't imagine an M3 would get less.
nirvanayoda is offline   United_States
0
Reply With Quote
      05-18-2011, 04:27 PM   #5
I Wanna go Fast!
Private First Class
 
Drives: 08 l E90 l AW l PREMIUM l TECH
Join Date: Aug 2010
Location: Illinois

Posts: 198
iTrader: (0)

Quote:
Originally Posted by U235 View Post
I'd say you'd get in the low 30s. You could private it for low 40s
Low 30's

i just got offered $40k trade in for it.
__________________
///M 08 l E90 l AW l 6MT l TECH l PREMIUM l 19 220M
I Wanna go Fast! is offline  
0
Reply With Quote
      05-18-2011, 04:41 PM   #6
Seattle S65B40
Major
 
Seattle S65B40's Avatar
 
Drives: 2008 e92 M3
Join Date: Jan 2011
Location: PNW

Posts: 1,396
iTrader: (0)

Garage List
2008 BMW M3  [0.00]
My brother (not on forum) has an E90 M3. He told me his dealer called him asking him to trade his car in.

Reason: used E9X M3s are in high demand. Something with the Japan earthquake causing delays in production, or so he was told. He passed (he loves the car - said it's better at the track than his RS4), but i'm guessing that you can get pretty good value if the dealer's assertions are true. If you think you're getting hosed, just sell it yourself or go through a local consignment dealer.
__________________

Club 6MT
2008 E92 M3 6MT, AW/Blk Ext., brushed aluminum
2006 E46 M3 ZCP 6MT Carbon blk/blk(sold)
2001 E46 325Xi 5MT Jet Blk/Blk (sold)
Seattle S65B40 is offline   United_States
0
Reply With Quote
      05-18-2011, 04:46 PM   #7
bruce.augenstein@comcast.
Lieutenant Colonel
 
Drives: Legacy GT - 13.704@99.39
Join Date: Jul 2007
Location: Manheim, PA

Posts: 1,867
iTrader: (0)

Quote:
Originally Posted by I Wanna go Fast! View Post
obviously values will be different based on options, mileage etc. But I was wondering if anyone has traded in their 2008 e90 lately and what did you get?

I have 37k miles on mine. 6mt, every option possible.
Go to KBB.com and edmunds.com, and be truthful about age, condition, etc. (meaning if it's exceptionally clean, rate it as "good").

Average the two, and that will give you trade-in value, which tends to be quite high, compared to reality.

While you're there, check out what those folks think is the going rate for M3s in your area. This'll give you a decent starting point.

Understand that the dealer is in business to make money, both on new cars and used, so you will not be able to get, say, an "invoice" deal on the new one while simultaneously getting KBB or Edmunds pricing on the trade. Both KBB and Edmunds assume full retail on the new one to get to their trade numbers.

As I said, it's a for-profit business, so if you get a killer deal on the new one, you'll get a trade value at perhaps 10% under, or even a bigger dicount than that.

If you're serious about buying, you'll know you've got a killer deal from that dealer's perspective if you negotiate enough to finally get the general sales manager (one step up from the floor manager) to throw up his or hands in disgust and say "Write it up!".

You'll never get to that point unless they think you're dead-nuts serious about buying that day - and they'll cut you loose if they simply can't meet your "number".

When one of my sons bought a used 997S, the dealer let us walk, and we did. However, after some discussion at home, my son called back and said he'd reconsider the deal if the dealer was willing to throw some things in, including the "autobahn" front-end protection package and some other things.

Bingo. High-profit items for the dealer, and my son was willing to meet the price, particularly because he was planning those items anyway, but hadn't mentioned that...

This kind of thing works best if there's respect on both sides - meaning they think you're dead serious, and you don't think they're crooks. They're seeking to make a good profit, and you're trying to get the best deal. Fair's fair on both sides.

Bruce

PS - Bring the KBB and Edmunds printouts with you. Feign confusion when they give you a lower number.

PPS - When somebody tells you "I got $60K for mine.", pay no attention. Each deal is different - and this is the Internet, after all.
bruce.augenstein@comcast. is offline  
0
Reply With Quote
      05-18-2011, 06:58 PM   #8
mdosu
Banned
 
Drives: Double Vanos'd Civic-M3
Join Date: Oct 2009
Location: San Francisco

Posts: 8,517
iTrader: (6)

around $32k? The problem is, it all depends on how much you're willing to get reamed on the other end (I mean your new purchase).

If you're getting reamed on your purchase, then dealer may give you a "better" trade value, but at the end of the day, you're still getting reamed.

Know what I'm saying? The dealer wants to maximize the price you pay for new car and minimize the price they give you for your trade, this maximizes their profit and increases your reaming experience.

Best way to gauge is to see how much E90 2008 comparable milage is selling at at dealer-only auctions, then subtract around $500 or so, again depends on how much profit they making off you off the other end (new car, financing)
mdosu is offline   No_Country
0
Reply With Quote
      05-18-2011, 07:06 PM   #9
CarbonAlpine
Lieutenant
 
CarbonAlpine's Avatar
 
Drives: 2011 M3
Join Date: Oct 2010
Location: Miami

Posts: 581
iTrader: (13)

Dealers play the number game a lot, you might think you're getting 42k for your car but they just marked the other one 4k more.

Sell it privately and you'll be around 39-42500. Then again trading in saves you around 3k in taxes.

Weigh your options
__________________
CarbonAlpine is offline  
0
Reply With Quote
      05-18-2011, 07:18 PM   #10
Crazy Bimmer
The Jesal
 
Crazy Bimmer's Avatar
 
Drives: E90 M3
Join Date: Nov 2005
Location: Chicago IL

Posts: 5,830
iTrader: (19)

Garage List
2009 BMW M3  [0.00]
Send a message via AIM to Crazy Bimmer
Quote:
Originally Posted by Seattle S65B40 View Post
My brother (not on forum) has an E90 M3. He told me his dealer called him asking him to trade his car in.

Reason: used E9X M3s are in high demand. Something with the Japan earthquake causing delays in production, or so he was told. He passed (he loves the car - said it's better at the track than his RS4), but i'm guessing that you can get pretty good value if the dealer's assertions are true. If you think you're getting hosed, just sell it yourself or go through a local consignment dealer.

That's an old marketing trick to get you to come in. All brands seem to so it these days, yet people fall for it.
__________________
2009 E90 M3 - SOLD
Crazy Bimmer is offline   United_States
0
Reply With Quote
      05-19-2011, 12:35 AM   #11
signes
Brigadier General
 
signes's Avatar
 
Drives: E90 M3
Join Date: Sep 2008
Location: Spinnin at 8k

Posts: 4,156
iTrader: (3)

Quote:
Originally Posted by Crazy Bimmer View Post
That's an old marketing trick to get you to come in. All brands seem to so it these days, yet people fall for it.
+1...

I got a trade in quote from two BMW dealers for my E90 (26k miles at the time a few months ago). They were $37k and $40k though the one at $37 said it would improve once spring/summer rolled around. As others have said it is highly dependent on the deal you get (or don't) on the new car.
__________________
08 E90 | Jet Black / Black | 6MT
Mods: RAC RG63 w/ Pirelli Corsa 255F/285R | Akrapovic Evo Exhaust | OEM Blacklines
Winter Setup: OEM 18s w/ Nokian Hakkapeliita R 245/40-18
signes is offline   United_States
0
Reply With Quote
      05-19-2011, 06:34 AM   #12
J08M3
Major General
 
J08M3's Avatar
 
Drives: 2011 M3 COUPE
Join Date: May 2008
Location: NEW YORK

Posts: 6,012
iTrader: (8)

Just traded in my 08 lease with 20k miles (e92). Residual was $34k+ and dealer gave me another $5k. M3 used market is big right now. Everyone wants them before summer.
__________________
J08M3 is offline   United_States
0
Reply With Quote
      05-19-2011, 12:45 PM   #13
8_is_enough
Lieutenant
 
8_is_enough's Avatar
 
Drives: '11 E92M, '12 GTI
Join Date: Sep 2010
Location: san francisco, ca

Posts: 597
iTrader: (8)

i'm finding the used market to be hot also
8_is_enough is offline  
0
Reply With Quote
      05-19-2011, 12:59 PM   #14
mkoesel
Moderator
 
Drives: IB/PS M-DCT E93 M3
Join Date: Jun 2006
Location: Canton, MI

Posts: 13,558
iTrader: (1)

Quote:
Originally Posted by Crazy Bimmer View Post
That's an old marketing trick to get you to come in. All brands seem to so it these days, yet people fall for it.
LOL, I was just thinking as I read that - "That dealership is just trying to sucker people."

Really, sir, we just can't find any new ones so we are paying top dollar for used ones now. Honest. Do you have any used contact lenses or an old loaf of bread perhaps? Because I will pay you full retail for those too. All you have to do is buy a $3000 extended warranty.
__________________
2008 Interlagos Blue E93 M3 - FOR SALE - Engine failure at 95k miles.
Best offer takes it: http://www.m3post.com/forums/showthr...1#post16279561
mkoesel is online now   United_States
0
Reply With Quote
      05-19-2011, 01:02 PM   #15
Seattle S65B40
Major
 
Seattle S65B40's Avatar
 
Drives: 2008 e92 M3
Join Date: Jan 2011
Location: PNW

Posts: 1,396
iTrader: (0)

Garage List
2008 BMW M3  [0.00]
Quote:
Originally Posted by mkoesel View Post
LOL, I was just thinking as I read that - "That dealership is just trying to sucker people."

Really, sir, we just can't find any new ones so we are paying top dollar for used ones now. Honest. Do you have any used contact lenses or an old loaf of bread perhaps? Because I will pay you full retail for those too. All you have to do is buy a $3000 extended warranty.
Yeah, i told my brother they are FOS. There might be a one or two week delay for new ones, but people aren't climbing over each other to overpay for used E9Xs.

The car is definitely holding it's value well though. AIRYBODY LOVE DEM M3s.
__________________

Club 6MT
2008 E92 M3 6MT, AW/Blk Ext., brushed aluminum
2006 E46 M3 ZCP 6MT Carbon blk/blk(sold)
2001 E46 325Xi 5MT Jet Blk/Blk (sold)
Seattle S65B40 is offline   United_States
0
Reply With Quote
      05-19-2011, 01:05 PM   #16
sharkfighter
Private First Class
 
sharkfighter's Avatar
 
Drives: e90 M3
Join Date: Feb 2009
Location: Rocky Mtns.

Posts: 152
iTrader: (0)

These are the 08 sedans that have run through Manheim in the last month.
05/04/11 W PALM Lease $35,000 55,420 Below JEREZ BL 8G A
05/05/11 RIVRSIDE Regular $45,000 9,802 Avg SILVER 8G M
05/11/11 NASHVILL Lease $41,800 44,748 Avg BLUE 8G 6
05/12/11 MANHEIM Lease $38,500 30,862 Avg GREY 10G 6
05/17/11 FAAO Lease $42,200 22,779 Avg JEREZ BL 8G 6
05/18/11 MILWAUKE Lease $45,000 19,455 Avg JEREZ BL 8G 6

This is dealer trade in a.k.a. "Black Book" (+600 for navigation)
Extra Clean:$43,200
Clean: $41,825
Average: $39,700
Rough: $36,600
sharkfighter is offline  
0
Reply With Quote
      05-19-2011, 02:02 PM   #17
inter1032
Major
 
Drives: 2013 m3
Join Date: Jul 2008
Location: boston

Posts: 1,349
iTrader: (0)

sigh, prices seem to keep going up on kbb for trade in value
has anyone got an offer to trade in their 09 e92?
inter1032 is offline   Italy
0
Reply With Quote
      05-19-2011, 02:14 PM   #18
nirvanayoda
Second Lieutenant
 
Drives: 2011 e92 M3
Join Date: May 2009
Location: Houston

Posts: 245
iTrader: (0)

Quote:
Originally Posted by sharkfighter View Post
These are the 08 sedans that have run through Manheim in the last month.
05/04/11 W PALM Lease $35,000 55,420 Below JEREZ BL 8G A
05/05/11 RIVRSIDE Regular $45,000 9,802 Avg SILVER 8G M
05/11/11 NASHVILL Lease $41,800 44,748 Avg BLUE 8G 6
05/12/11 MANHEIM Lease $38,500 30,862 Avg GREY 10G 6
05/17/11 FAAO Lease $42,200 22,779 Avg JEREZ BL 8G 6
05/18/11 MILWAUKE Lease $45,000 19,455 Avg JEREZ BL 8G 6

This is dealer trade in a.k.a. "Black Book" (+600 for navigation)
Extra Clean:$43,200
Clean: $41,825
Average: $39,700
Rough: $36,600
Blackbook is BS. I refuse to deal with any dealer that uses Blackbook from this point forward. At least NADA, Edmunds, KBB, etc, are fair. Many dealers around here buy used cars at Blackbook price and then sell them at KBB retail. It's absurd and a rip off. I should be getting better than auction prices for my car if I'm there to buy a new car from them (and if they're going to make a ton off my new car).

FYI, they sold my car for over $10k what I traded it in for, and I had to negotiate like crazy to get them to even go that high.
nirvanayoda is offline   United_States
0
Reply With Quote
      05-19-2011, 03:10 PM   #19
mdosu
Banned
 
Drives: Double Vanos'd Civic-M3
Join Date: Oct 2009
Location: San Francisco

Posts: 8,517
iTrader: (6)

Quote:
Originally Posted by nirvanayoda View Post
Blackbook is BS. I refuse to deal with any dealer that uses Blackbook from this point forward. At least NADA, Edmunds, KBB, etc, are fair. Many dealers around here buy used cars at Blackbook price and then sell them at KBB retail. It's absurd and a rip off. I should be getting better than auction prices for my car if I'm there to buy a new car from them (and if they're going to make a ton off my new car).

FYI, they sold my car for over $10k what I traded it in for, and I had to negotiate like crazy to get them to even go that high.
yeah, but you can't argue this with the dealer. He's min price he'll pay for your car straight with no trade would be auction clearing price for comparable car.

I'm saying the Manheim data is valid floor prices dealers are willign to take to buy your car outright.
mdosu is offline   No_Country
0
Reply With Quote
      05-19-2011, 03:13 PM   #20
mdosu
Banned
 
Drives: Double Vanos'd Civic-M3
Join Date: Oct 2009
Location: San Francisco

Posts: 8,517
iTrader: (6)

Quote:
Originally Posted by sharkfighter View Post
These are the 08 sedans that have run through Manheim in the last month.
05/04/11 W PALM Lease $35,000 55,420 Below JEREZ BL 8G A
05/05/11 RIVRSIDE Regular $45,000 9,802 Avg SILVER 8G M
05/11/11 NASHVILL Lease $41,800 44,748 Avg BLUE 8G 6
05/12/11 MANHEIM Lease $38,500 30,862 Avg GREY 10G 6
05/17/11 FAAO Lease $42,200 22,779 Avg JEREZ BL 8G 6
05/18/11 MILWAUKE Lease $45,000 19,455 Avg JEREZ BL 8G 6

This is dealer trade in a.k.a. "Black Book" (+600 for navigation)
Extra Clean:$43,200
Clean: $41,825
Average: $39,700
Rough: $36,600
looks like my car is holding value.

I got a fully loaded 2008 E90 in summer of 2010 for $46k cash w 8k miles. So the dealer today would pay $42-$45k at auction for comparable miles (i have 15k now). Not bad, but notice there's a clear premium on cars below say 20k miles.
mdosu is offline   No_Country
0
Reply With Quote
      05-19-2011, 03:54 PM   #21
sharkfighter
Private First Class
 
sharkfighter's Avatar
 
Drives: e90 M3
Join Date: Feb 2009
Location: Rocky Mtns.

Posts: 152
iTrader: (0)

Keep in mind those auctions are sedans only, far more coupe's come through. "Black Book" for the e92 is higher as well.
Black Book
Extra Clean:$44,800
Clean: $43,700
Average: $41,525
Rough: $38,600


04/21/11 RIVRSIDE Factory $54,500 1,320 Above JEREZBLK 8G A No
05/18/11 NADE Lease $47,250 21,567 Avg ALPINE W 8G 6 Yes
05/05/11 HOBBY Regular $47,000 34,466 Avg BLUE 8G A Yes
04/20/11 NADE Lease $47,000 28,383 Avg ALPINE W 8G O Yes
05/17/11 FAAO Lease $46,400 28,039 Avg JEREZ BL 8G A Yes
05/05/11 RIVRSIDE Regular $46,000 29,711 Avg WHITE 8G 6 Yes
04/21/11 RIVRSIDE Lease $46,000 20,835 Avg SPARKLIN 8G 6 Yes
05/06/11 MANHEIM Regular $45,500 17,097 Avg WHITE 8G 6 Yes
04/28/11 MANHEIM Regular $45,500 38,626 Avg WHITE (N 8G P Yes
04/25/11 CHICAGO Regular $45,275 12,988 Avg BLACK 8G 6 Yes
05/11/11 NASHVILL Lease $45,000 32,048 Avg BLACK 8G 6 Yes
04/21/11 RIVRSIDE Regular $45,000 28,870 Avg RED 8G A Yes
04/20/11 NADE Lease $44,750 12,203 Avg INTERLAG 8G 6 Yes
04/20/11 MILWAUKE Regular $44,750 28,574 Avg DK BLUE 8G 6 Yes
05/02/11 NASHVILL Lease $44,700 28,828 Avg BLACK 8G 6 Yes
04/21/11 HOBBY Regular $44,125 34,466 Avg BLUE 8G A Yes
04/19/11 FAAO Regular $43,000 27,142 Avg BLACK 8G 6 Yes
05/17/11 FAAO Regular $42,500 18,313 Avg SILVER 8G M Yes
05/18/11 NADE Lease $41,000 46,272 Avg SPACE GR 8G 6 Yes
05/04/11 W PALM Lease $39,000 55,077 Below ALPINE W 8G 6 Yes
04/27/11 SAN DIEG Lease $37,500 68,367 Below WHITE 8G A Yes
05/11/11 NADE Regular $36,500 51,666 Below GREY 8G A Yes
04/20/11 MILWAUKE Lease $35,000 70,141 Below JETBLACK 8G 6 Yes

2011 Manheim. All rights reserved
sharkfighter is offline  
0
Reply With Quote
      05-19-2011, 04:04 PM   #22
nirvanayoda
Second Lieutenant
 
Drives: 2011 e92 M3
Join Date: May 2009
Location: Houston

Posts: 245
iTrader: (0)

Quote:
Originally Posted by mdosu View Post
yeah, but you can't argue this with the dealer. He's min price he'll pay for your car straight with no trade would be auction clearing price for comparable car.

I'm saying the Manheim data is valid floor prices dealers are willign to take to buy your car outright.
I see your point, but my position is that the question they should be asking is not "can I get it cheaper at an auction?", rather the question is "can I make money off of it anyway?"

Even if they make less money off a used car bought from a customer, the fact that they make money at all combined with the money they make off the new car should make it a worthwhile business transaction for them. I'm fairly sure I'm going to go Porsche next time, but I fully expect them to operate in the same "buy for wholesale/blackbook, sell for KBB retail" routine as well.
nirvanayoda is offline   United_States
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 07:58 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST