Going Rate for a Used Lime Rock M3?

[LMU Drew]

Hey all,

New member over here on this forum, but any MFEST guys will recognize me from that forum. Down to business, I've been tracking this Lime Rock M3 for a few weeks now:

http://www.autotrader.com/cars-for-s...gIndex=9&Log=0

I'm not sure exactly what LRPs are going for nowadays since all of them for sale will be used and probably inflated, but this car started out at $78k and dropped to $71k last week. It's also been on eBay a few times and never met reserve. Price still seems too high IMO, but what do you guys think is a fair price for this car? I've run searches on the forum and only got info on new LRPs back from last holiday 2012

Also, anybody have any experience with Crevier BMW? I've dealt with STBMW, Center, and Pacific all in the past and was very pleased with my experiences, but I'm getting mixed reviews on Crevier.

[GOLFFRR]

If you can wait a little longer, Im sure once the M4/M3 are getting ready to come out you will see a lot more come up for sale which will bring down the price.

[LMU Drew]

very true, i'm looking at getting into a new car by the end of the year. i'm just not a very patient person lol. its between an E92 and a 1M right now.

do you guys have anything special sitting on the lot GOLFFRR? its been awhile since i've visited you guys

[sharifm3]

I bid up to 64k for it on eBay and they said that I was close to the reserve price. So who knows

[sharifm3]

I'd say offer 65 and settle for 66

[kscarrol]

Wait, I thought the Lime Rock M3's were supposed to go up in value??

[LMU Drew]

Originally Posted by sharifm3

I bid up to 64k for it on eBay and they said that I was close to the reserve price. So who knows

good to know, i haven't made contact with them since i felt they were way too ambitious with their initial asking price of 78k. im waiting for them to possibly drop it below 70k before i make a formal inquiry

[LMU Drew]

Originally Posted by kscarrol

Wait, I thought the Lime Rock M3's were supposed to go up in value??

lol the majority of lime rock threads i read were arguments about this. kept me busy at work

[gatorfast]

Originally Posted by LMU Andrew

good to know, i haven't made contact with them since i felt they were way too ambitious with their initial asking price of 78k. im waiting for them to possibly drop it below 70k before i make a formal inquiry

What sense does that make? If you want the car and have a price in mind then just make an offer and see what happens. The car may be sold before you work up enough courage to make an offer.

[Global Autosports]

Around $65K now. Or wait till the M3 comes out and it will be under $60K.

[GOLFFRR]

Originally Posted by LMU Andrew

very true, i'm looking at getting into a new car by the end of the year. i'm just not a very patient person lol. its between an E92 and a 1M right now.

do you guys have anything special sitting on the lot GOLFFRR? its been awhile since i've visited you guys

As far as M3's go we may have 1 left a used 2011 coupe but that could be gone as of yesterday I am not sure. Best bet is to shoot David an email at bmwdavid@icloud.com and let him know what your looking for and he can contact you if anything comes in. Being that we are the number one M dealer in the country we get a lot of units in and out of the store.

We also have great deals running on new M5, M6, and every other BMW if you are looking for anything else besides a M3

[325rider]

has a 6sp automatic. Id pass

[kscarrol]

Originally Posted by 325rider

has a 6sp automatic. Id pass

No such thing as a 6-speed automatic in the M3, either a 6-speed MT or a 7-speed automatic...

[V8FunNaturally]

This car will soon find its owner. It is easily worth above $75k and I am not a fan of fire orange, except if it is the whole GTS package. Even a stock paint coupe with only 7k miles and not even one year old will sell near or at $70k. I bet this one won't be there much longer. From my experience those who downplay the price are either some 335i drivers with the almost an ///M prejudice or understandably people in the market of selling new cars who like to see high value put on the next non V8 M3 not the one they cannot make money on anymore. Nothing suprising and understandable. If you want that car, don't listen to other people and get it for the engine first, package and paint second.

[LMU Drew]

Cheers for the advice everyone. I plan on heading over to Crevier this coming weekend, as I was out of town this past Labor Day weekend. The ebay auction ended last night and did not meet reserve once again, so hopefully thats an added bit of negotiation power for me. I have a specific price in mind, so lets see what they say.

[kscarrol]

LMU, if you want the car, go buy it. And I have to say that I don't agree with sunsweet... At the end of the day, the Lime Rock color is not something that appeals to the masses. That limits your pool of buyers, hence the reserve not being met and the dealer listing the car for $71k and change. And despite BMW charging $5k or more for individual paints, I think they are like most cosmetic mods where the value just doesn't translate to the resale market. If the car was really worth $75k+, the dealer would be asking for it!

Good luck with the purchase!

[LMU Drew]

Originally Posted by kscarrol

LMU, if you want the car, go buy it. And I have to say that I don't agree with sunsweet... At the end of the day, the Lime Rock color is not something that appeals to the masses. That limits your pool of buyers, hence the reserve not being met and the dealer listing the car for $71k and change. And despite BMW charging $5k or more for individual paints, I think they are like most cosmetic mods where the value just doesn't translate to the resale market. If the car was really worth $75k+, the dealer would be asking for it!

Good luck with the purchase!

Great advice and I agree with your reasoning. I think my initial hesitation came from the fact that the dealer's initial asking price was $78k and they cut $6k off that to what it is now after (I think) a week and a half. Thus, I was inclined to play the waiting game and see if they continue to drop it. I think the reality for me is that I will either be driving this car to work next Monday, or continuing my search for a different E92. Exciting proposition, let's see what happens

[wagram09]

Originally Posted by LMU Andrew

Great advice and I agree with your reasoning. I think my initial hesitation came from the fact that the dealer's initial asking price was $78k and they cut $6k off that to what it is now after (I think) a week and a half. Thus, I was inclined to play the waiting game and see if they continue to drop it. I think the reality for me is that I will either be driving this car to work next Monday, or continuing my search for a different E92. Exciting proposition, let's see what happens

I did the same thing for several months finally buying a LMR with 400 plus miles. Paid more than I wanted but I had missed out on at least 10 before by waiting. The lowest price was in the low 70s. My Limerock is a second car and I plan on owning it for awhile. No doubt it will devalue but it will be one of a kind. I really wanted a stripped down version but only saw one of them and it was for sale in Southern California. It had some Dinan mods but the best price they could offer was mid 70s. Plus for me there weren't any local for sale and I had to transport it from Oregon to Florida. I wouldn't wait if you can find one with low miles say below 1500 go for it you won't regret it. Good luck

[Brucewonder]

why anyone would buy an e92m3 is beyond me when the Fseries is around the corner.

[gatorfast]

^thanks for the bizarre and baseless comment. Don't you own an e92?...

[Reedomn]

^^ he actually owns an e92 "yea boi" special edition!!??

[///Miniz racer]

I like my Lime Rock!