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) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
VF Engineering
Post Reply
 
Thread Tools Search this Thread
      02-27-2012, 08:09 PM   #1
bmac27
New Member
 
Drives: '08 335xi
Join Date: Jan 2012
Location: Northeast

Posts: 17
iTrader: (0)

More than a fair price?

Relatively new to this forum and in all honestly I belong over on the 335 side, but I bought my car a few months ago with the intention of upgrading to an M3 at somepoint. The ultimate goal is to take ED in the Spring of 2013 but finances/personal reasons may make waiting that long a bit difficult

So, I casually test drove a '11 Space Gray sedan yesterday at a local dealership that they had taken in on trade. The thing is loaded to the gills and has 8k miles - even has ZCP, which I've found is somewhat rare up in my neck of the woods. I had no intentions of buying whatsoever but ended up talking numbers with the associate after the drive and they showed some willingness to come down from the $47k they showed me for the M3 plus trade in on my 335xi (335xi is 2008, 50k miles, loaded except for the 17" factory wheels, and is CPO)

Did some research last night and based on what I've found in a short time frame (and at the insistance of the dealer, who keeps leaving me vm's wanting to know what my price is) I'm inclined to throw out low $30's just to see his reaction (this would be post tax, "fees," etc). I know I can get them to mid/high 30's, just interested to see how low they'll go

IF, in the unlikely event the dealer comes back with a modicum of interest, how crazy is it to pass up on a deal like this? Based on the math I'm running, I feel like it's a steal but could be totally wrong

Probably shouldn't have driven the car knowing that this is all I'll be thinking about for the next few weeks
bmac27 is offline  
0
Reply With Quote
      02-27-2012, 08:28 PM   #2
M_BYEEE
Brigadier General
 
M_BYEEE's Avatar
 
Drives: Space Gray M3
Join Date: Oct 2009
Location: Camarillo, CA

Posts: 3,066
iTrader: (6)

IMO I think if you say anything below 44k they will laugh in your face. A loaded 2011 with 8k miles going for anything under 45k seems fishy. Just my .02 man. If you can get it for that cheap by all means! If you dont get it shoot me over a pm with the info I want to check it out!
__________________
M_BYEEE is offline   United_States
0
Reply With Quote
      02-27-2012, 09:30 PM   #3
nick3753
Lieutenant
 
Drives: BMW X5
Join Date: Oct 2010
Location: California

Posts: 451
iTrader: (0)

Define "loaded to the gills" please. That sounds like the price you would expect on an 09 or high mile 10
nick3753 is offline  
0
Reply With Quote
      02-27-2012, 09:43 PM   #4
AM150
3rd wait as she's in storage for the winter
 
AM150's Avatar
 
Drives: 2011 E92 M3
Join Date: Aug 2007
Location: Milwaukee, WI

Posts: 266
iTrader: (0)

Garage List
$47k plus your car?

Just showing trade difference really hides how much they are giving you for your car and how much they are charging for theirs. What does Edmunds or KBB say your car is worth on trade with an honest assessment of condition?

Not knowing all the options on the car also makes this very hard to assess.

tldr - Need to know price of car, trade amount, kbb value of trade, options on car
__________________
2011 E92 M3, 2008 Evo X MR, 2008 S2000 CR
AM150 is offline  
0
Reply With Quote
      02-27-2012, 09:48 PM   #5
bmac27
New Member
 
Drives: '08 335xi
Join Date: Jan 2012
Location: Northeast

Posts: 17
iTrader: (0)

Sorry if there was any confusion - the prices I listed above assume I'm trading in my 335, which autotrader quotes at a 24.5k "trade it in now" price. I was essentially trying to back solve for a list price of 53k on the sedan. Hopefully this makes some sense
bmac27 is offline  
0
Reply With Quote
      02-27-2012, 10:01 PM   #6
AM150
3rd wait as she's in storage for the winter
 
AM150's Avatar
 
Drives: 2011 E92 M3
Join Date: Aug 2007
Location: Milwaukee, WI

Posts: 266
iTrader: (0)

Garage List
What are the options on the sedan?

You can add almost $20k in options onto the list price of the sedan.

Knowing used car dealers though I bet if they are listing the car at $53k I bet you could get it for $47k with no trade.
__________________
2011 E92 M3, 2008 Evo X MR, 2008 S2000 CR
AM150 is offline  
0
Reply With Quote
      02-27-2012, 10:18 PM   #7
bmac27
New Member
 
Drives: '08 335xi
Join Date: Jan 2012
Location: Northeast

Posts: 17
iTrader: (0)

I realize my original post may not have been very clear, so here are the details:

My car

CPO 2008 335xi - Black Sapphire Metallic, Black leather interior with grey poplar wood trim
50,000 miles
Automatic
Cold weather package
Premium package
Sport package
Comfort access
Navigation, SAT, etc.
Logic7 sound
iPod enabled
17" factories

M3

2011 sedan - SG, black interior, carbon fiber trim
~8,000 miles
DCT
Competition package
Cold weather package
Premium package
Technology package
Park assist

KBB puts mine at ~$27.5k, although it is CPO which I assume adds a little value. List on the M3 at the dealer is $65k
bmac27 is offline  
0
Reply With Quote
      02-28-2012, 10:10 AM   #8
bmac27
New Member
 
Drives: '08 335xi
Join Date: Jan 2012
Location: Northeast

Posts: 17
iTrader: (0)

Any thoughts before I get back to the dealer?
bmac27 is offline  
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 12:57 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