2008 Sedan Resale Stonger Now?

Damage Inc · 06-01-2010, 11:03 PM

When I bought my sedan, July 08, picked it up $10k off sticker new. At the time, they couldnt give away sedans. Now it seems there are fewer for sale, and the depreciation has slowed. Prices are stabilized a bit in the high $40k's for a nice one (mine has 16k miles, fully loaded, and mint).

Just an observation for those who own their cars. I was a little worried about the quick drop last year. Feeling a little better about the resale now.

Yes, yes I know its a depreciating asset blah blah. I dont lose any sleep over this, etc. However nothing wrong with looking at what your purchase is worth from time to time.

Salespunk · 06-02-2010, 10:57 AM

I have mine for sale right now. High $40's is the correct pricing it seems.

FStop7 · 06-02-2010, 11:01 AM

I think the depreciation for all M3s has slowed in the USA as the economy has gathered itself back up a bit. Of course if the Euro collapse spreads to the USA this summer then we're back in the hole again.

ploo · 06-02-2010, 11:53 AM

Quote:

Originally Posted by FStop7

I think the depreciation for all M3s has slowed in the USA as the economy has gathered itself back up a bit. Of course if the Euro collapse spreads to the USA this summer then we're back in the hole again.

i also thought decreased production for MY2009+ across many auto manufacturers contributed to higher end cars holding their value better in the last 12 months especially compared to the end of 2008. if you take a look at the new and used lots of your local bmw or porsche dealer, the number of cars in inventory is at least 30-40% less than it used to be - at least where i live.

Salespunk · 06-02-2010, 12:00 PM

I agree that the biggest factor is reduced production.

Bubbles · 06-02-2010, 12:03 PM

With all due respect fellas, but you've got to be kidding.

2008 M3 (Sedan and Coupe) are in the low $40ks now. But we didn't buy this car for resale value (at least I didn't).

IbanezGod · 06-02-2010, 12:14 PM

low 40s for an 08? here and there yes. But I think they are holding their value very well. The sedans are very hard to find which is why i bought it new.

1sikbmr · 06-02-2010, 12:37 PM

I paid 53 for mine at the end of march... But i didn't buy for resale. this one's a keeper

C'sM3 · 06-02-2010, 01:05 PM

I paid $48,900 for my fully loaded 2008 M3 Sedan CPO in March. Thye original sticker was $67,000

Considering it's a CPO'd car I'm pretty happy with the price

1sikbmr · 06-02-2010, 01:36 PM

Quote:

Originally Posted by C'sM3

I paid $48,900 for my fully loaded 2008 M3 Sedan CPO in March. Thye original sticker was $67,000

Considering it's a CPO'd car I'm pretty happy with the price

My original sticker price was $66,000. I got robbed

C'sM3 · 06-02-2010, 03:11 PM

Quote:

Originally Posted by 1sikbmr

My original sticker price was $66,000. I got robbed

I'm sorry buddy. It looks like our cars are very similarly optioned. Mine's SSII, 6 speed, with Fox red interior as well.

Oh btw, I bought it with 26,000 miles

Nine · 06-02-2010, 03:16 PM

I've noticed a drop off in lower priced e9x m3s on the market (seem to be much harder to find a nice price) , I'm hoping to pick up a CPO m3 at the end of the year or early next year and I anticipate the bottom end will remain low 40s.

People are still selling their e46m3s for mid 30s and the 335i is also still holding around there too. I would be suprised to see an e90 m3 in the high 30s at the end of the year with less than 45k on the ODO.

Coach · 06-02-2010, 03:19 PM

Picked up an 08' Sedan two weeks-
1190 miles
manual
premium
cold weather
tech package
$63k window sticker
Payed $47k

I got a good deal but then again It took me 2 months.

Bubbles · 06-02-2010, 03:58 PM

Quote:

Originally Posted by Nine

I've noticed a drop off in lower priced e9x m3s on the market (seem to be much harder to find a nice price) , I'm hoping to pick up a CPO m3 at the end of the year or early next year and I anticipate the bottom end will remain low 40s.

People are still selling their e46m3s for mid 30s and the 335i is also still holding around there too. I would be suprised to see an e90 m3 in the high 30s at the end of the year with less than 45k on the ODO.

'07 335is are barely fetching 25k. But, every market is different.

1sikbmr · 06-02-2010, 04:59 PM

Quote:

Originally Posted by C'sM3

I'm sorry buddy. It looks like our cars are very similarly optioned. Mine's SSII, 6 speed, with Fox red interior as well.

Oh btw, I bought it with 26,000 miles

OOOOOOOOOOHHHH.... I got mine with 3400miles.... sweeeet!!! I thought I got super robbed.

But does milage make that much of a difference... I know my car was practically new(so to speak) but 26,000 isn't high for these cars especially for a 08... But you did get an awesome deal also... Oh and I mean 52K not 53K... Dealer didn't want to budge a dime more...

signes · 06-02-2010, 07:01 PM

Quote:

Originally Posted by Coach

Picked up an 08' Sedan two weeks-
1190 miles
manual
premium
cold weather
tech package
$63k window sticker
Payed $47k

I got a good deal but then again It took me 2 months.

Not sure where you are getting the sticker price but my 08 has the same options (plus Sirius and USB port) and my sticker was $67k (with no-cost JB paint.) Still seems like a very good deal with so few miles. Be careful for those next 10 miles till your break-in service...

Coach · 06-02-2010, 07:26 PM

Quote:

Originally Posted by signes

Not sure where you are getting the sticker price but my 08 has the same options (plus Sirius and USB port) and my sticker was $67k (with no-cost JB paint.) Still seems like a very good deal with so few miles. Be careful for those next 10 miles till your break-in service...

Mine does also have Sirius and usb. It's lacking a sunroof, 19", double clutch, and premium sound. I have the sticker and it's $63.

SCtud · 06-02-2010, 07:38 PM

Can't put a price on that new car smell versus having a seat that's been molded to someone else's butt! Oh wait.. yes you can. haha. New car smell sure is pricey.

Might be price differences on gas guzzler tax too.

chumpion · 06-02-2010, 07:42 PM

More and more 08's will be coming off of leases over the next couple of months. As a result, the prices will drop.

Damage Inc · 06-02-2010, 09:17 PM

Quote:

Originally Posted by Bubbles

With all due respect fellas, but you've got to be kidding.

2008 M3 (Sedan and Coupe) are in the low $40ks now. But we didn't buy this car for resale value (at least I didn't).

Sure, maybe 1 or 2 sold that low. The bulk are high $40k for decent options, mileage, etc. This is about the same as close to a hear ago.

pkimM3r · 06-03-2010, 04:21 AM

where are you getting these low 40's quotes? i want to pick one up at that price. but in socal cars are overpriced for new or used. =(

Bubbles · 06-03-2010, 06:09 AM

Quote:

Originally Posted by todaysivxx

where are you getting these low 40's quotes? i want to pick one up at that price. but in socal cars are overpriced for new or used. =(

All over the southeast. If I hadn't gone with European Delivery I was looking at loaded '09s in the low 50s. SoCal may be different.

06-01-2010, 11:03 PM	#1
Damage Inc Lieutenant Colonel 789 Rep 1,925 Posts Drives: 2017 M2 Join Date: Apr 2005 Location: Nashville iTrader: (1)	2008 Sedan Resale Stonger Now? When I bought my sedan, July 08, picked it up $10k off sticker new. At the time, they couldnt give away sedans. Now it seems there are fewer for sale, and the depreciation has slowed. Prices are stabilized a bit in the high $40k's for a nice one (mine has 16k miles, fully loaded, and mint). Just an observation for those who own their cars. I was a little worried about the quick drop last year. Feeling a little better about the resale now. Yes, yes I know its a depreciating asset blah blah. I dont lose any sleep over this, etc. However nothing wrong with looking at what your purchase is worth from time to time. __________________ Current: 17 OG M2 / R8 Performance Past Performance Cars: 01 M3, 05 M3, 06 M5, 08 M6, 08 M3, 11 M3, 13 M3, 15 M3, 911 C4S, 911 GTS, 17 M2,R8 V8, R8 RWS Last edited by Damage Inc; 06-01-2010 at 11:04 PM.. Reason: sp
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06-02-2010, 10:57 AM	#2
Salespunk Lieutenant Colonel 1745 Rep 1,700 Posts Drives: Slow Join Date: Mar 2007 Location: SlowCal iTrader: (0)	I have mine for sale right now. High $40's is the correct pricing it seems.
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06-02-2010, 11:01 AM	#3
FStop7 I like cars 329 Rep 5,052 Posts Drives: M6 Join Date: Oct 2008 Location: Newbury Park, CA iTrader: (3)	I think the depreciation for all M3s has slowed in the USA as the economy has gathered itself back up a bit. Of course if the Euro collapse spreads to the USA this summer then we're back in the hole again.
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06-02-2010, 12:00 PM	#5
Salespunk Lieutenant Colonel 1745 Rep 1,700 Posts Drives: Slow Join Date: Mar 2007 Location: SlowCal iTrader: (0)	I agree that the biggest factor is reduced production.
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06-02-2010, 12:03 PM	#6
Bubbles Brigadier General 2753 Rep 4,445 Posts Drives: Green Bastard Join Date: Jun 2007 Location: Bishop Bend iTrader: (3)	With all due respect fellas, but you've got to be kidding. 2008 M3 (Sedan and Coupe) are in the low $40ks now. But we didn't buy this car for resale value (at least I didn't). __________________
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06-02-2010, 12:14 PM	#7
IbanezGod 997TT, X5M 95 Rep 975 Posts Drives: 997TT, X5M Join Date: Jul 2009 Location: Philly iTrader: (0)	low 40s for an 08? here and there yes. But I think they are holding their value very well. The sedans are very hard to find which is why i bought it new. __________________ 2007 Porsche 911 Turbo, Previously: 1998 M Roadster, 2011 M3, 2005 M3
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06-02-2010, 12:37 PM	#8
1sikbmr Brigadier General 145 Rep 3,329 Posts Drives: F80 M3 6MT Join Date: Mar 2010 Location: New York iTrader: (16)	I paid 53 for mine at the end of march... But i didn't buy for resale. this one's a keeper __________________ F80 ///M3 6MT Avus Blue ZCP
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06-02-2010, 01:05 PM	#9
C'sM3 Private First Class 37 Rep 161 Posts Drives: 2016 328i xdrive wagon Join Date: Feb 2010 Location: Charlotte, NC iTrader: (1)	08' M3 Sedan I paid $48,900 for my fully loaded 2008 M3 Sedan CPO in March. Thye original sticker was $67,000 Considering it's a CPO'd car I'm pretty happy with the price
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06-02-2010, 03:16 PM	#12
Nine Banned 49 Rep 1,922 Posts Drives: Not ZCP, FML. Join Date: May 2010 Location: DC, Miami, NYC iTrader: (2)	I've noticed a drop off in lower priced e9x m3s on the market (seem to be much harder to find a nice price) , I'm hoping to pick up a CPO m3 at the end of the year or early next year and I anticipate the bottom end will remain low 40s. People are still selling their e46m3s for mid 30s and the 335i is also still holding around there too. I would be suprised to see an e90 m3 in the high 30s at the end of the year with less than 45k on the ODO.
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06-02-2010, 03:19 PM	#13
Coach Second Lieutenant 8 Rep 204 Posts Drives: E90 M3 Join Date: May 2008 Location: NASCAR Heaven iTrader: (0)	Picked up an 08' Sedan two weeks- 1190 miles manual premium cold weather tech package $63k window sticker Payed $47k I got a good deal but then again It took me 2 months.
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06-02-2010, 07:38 PM	#18
SCtud First Lieutenant 20 Rep 329 Posts Drives: 2008 E93 M3 Join Date: May 2009 Location: CT iTrader: (1)	Can't put a price on that new car smell versus having a seat that's been molded to someone else's butt! Oh wait.. yes you can. haha. New car smell sure is pricey. Might be price differences on gas guzzler tax too.
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06-02-2010, 07:42 PM	#19
chumpion Private 0 Rep 72 Posts Drives: 2009 M3 Coupe; DCT Join Date: Sep 2009 Location: NY, NY iTrader: (0)	More and more 08's will be coming off of leases over the next couple of months. As a result, the prices will drop.
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06-03-2010, 04:21 AM	#21
pkimM3r Banned 205 Rep 7,298 Posts Drives: m3 saloon in granny mode. Join Date: Dec 2009 Location: lost angeles iTrader: (0)	where are you getting these low 40's quotes? i want to pick one up at that price. but in socal cars are overpriced for new or used. =(
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