what should i offer for this car?

kmarei · 09-10-2008, 08:03 AM

2008 E92 M3
Melbourne Red
Beige Extended leaher
premium package
tech package
19" wheels
USB/Ipod
Sat radio
HD radio
enhanced premium sound

MSRP was 69,745
this one is used and has just over 7K miles

Captain Scott · 09-10-2008, 09:04 AM

Quote:

Originally Posted by kmarei

2008 E92 M3
Melbourne Red
Beige Extended leaher
premium package
tech package
19" wheels
USB/Ipod
Sat radio
HD radio
enhanced premium sound

MSRP was 69,745
this one is used and has just over 7K miles

Used =20% back of invoice. figure out what invoice was then subtract 20%
Another way is to find out is see what they are selling for at auction, should be pretty close.

Just my humble opinion.

kmarei · 09-10-2008, 09:43 AM

so if invoice is 64,425 i should offer 51.5??
sounds too low no?
but 7000 miles is not very low, so its not slightly used
its used

BMoney · 09-10-2008, 09:46 AM

I remember seeing several used low mileage(low 100s) M3's selling for 10K to 12K off the original MSRP.

Captain Scott · 09-10-2008, 09:57 AM

Quote:

Originally Posted by kmarei

so if invoice is 64,425 i should offer 51.5??
sounds too low no?
but 7000 miles is not very low, so its not slightly used
its used

The car is considered USED. If the dealer cannot sell the car in a reasonable time frame they more then likely will bring it to auction.
Hence the reason to check what they are selling for at auction!

If they do sell it at auction they will have to pay a fee anyway.
Further more, that's what the dealer would offer you if the tables were turned!

kmarei · 09-10-2008, 10:11 AM

how can i check how much they are going for on auction?
cuz at $51K that's a great deal
cheaper than the new one i want that doesn't have premium sound or tech package
i would just be missing carbon fiber roof
but for a 9K saving i can live with steel roof

heck i'll lose the 45lb weight saving

BMoney · 09-10-2008, 10:23 AM

Check ebay....51 seems low to me.

kmarei · 09-10-2008, 10:28 AM

they are asking 59,999
i was thinking of offering 57

BMoney · 09-10-2008, 10:34 AM

My guess would be 55 to 57K. You can always start low!

xsilvor · 09-10-2008, 10:39 AM

Is it just me or are there a ton of overpriced used M3s on autotrader and ebay? I'm talking 6MTs with 3000+ miles and no tech package for $68000+. Seems a bit outlandish to me.

lucid · 09-10-2008, 10:52 AM

Unless the seller has to sell today or they are going to kill his babies, you won't have that car for $51k. If the market was not in such bad shape, you probably couldn't have it for less than $60k. Given that the market sucks, I'd say $56-58k range would be reasonable.

Captain Scott · 09-10-2008, 11:02 AM

Quote:

Originally Posted by kmarei

how can i check how much they are going for on auction?

If you have a friend at ANY car dealership have them check the Mannheim web site. It will tell them what every M3 sold for and how much mileage the car had on it.

If not, when I have time I will ask one of my friends to do it. Just PM me with your location so I know what region you are in.

Scott

TLud · 09-10-2008, 11:25 AM

I would make an offer of $55k, but expect to pay a bit more.

kmarei · 09-10-2008, 11:28 AM

Quote:

Originally Posted by Captain Scott

If you have a friend at ANY car dealership have them check the Mannheim web site. It will tell them what every M3 sold for and how much mileage the car had on it.

If not, when I have time I will ask one of my friends to do it. Just PM me with your location so I know what region you are in.

Scott

thanks a lot

my location is 20194
the car is in NC 28209

Salespunk · 09-12-2008, 06:00 PM

They are all over the board on Autotrader.com. There are fully loaded cars starting around $57K with all options. I would start at $55K and see what happens.

positiveions · 09-12-2008, 07:17 PM

is the car located at a dealer?

kmarei · 09-12-2008, 08:41 PM

yes

Captain Scott · 09-12-2008, 08:52 PM

Quote:

Originally Posted by kmarei

yes

As I said before, 20% back of invoice. Good starting point.

rob612 · 09-12-2008, 08:56 PM

$1

ColoCane · 09-15-2008, 11:45 AM

Quote:

Originally Posted by Captain Scott

...the Mannheim web site. It will tell them what every M3 sold for and how much mileage the car had on it.

Mannheim? National auction site?

Captain Scott · 09-17-2008, 02:07 PM

Quote:

Originally Posted by kmarei

2008 E92 M3
Melbourne Red
Beige Extended leaher
premium package
tech package
19" wheels
USB/Ipod
Sat radio
HD radio
enhanced premium sound

MSRP was 69,745
this one is used and has just over 7K miles

OK, Just looked a few minutes ago at the latest auction prices for you.

There have been about 20, 2008 cars run through since Jul. Most are 6 spd. They are bringing anywhere from 52 to 62k, the later being the DCT. The majority are all Alpine white, and have less then 2000 miles. The most expensive have been sold on the EAST COAST, The cheaper cars were auctioned off in Las Vegas.

There were only 3 M3 CP sold in the last 2 months 53k 54k, for the 6 Sp, and 61K for a DCT

Hope this helps
Scott

Ali.K_BMW · 09-17-2008, 02:40 PM

61!!!!!! lol I would of taken that!

09-10-2008, 08:03 AM	#1
kmarei Major General 722 Rep 6,860 Posts Drives: 2014 BMW 435i X-drive Join Date: Jul 2008 Location: Reston, VA iTrader: (34) Garage List 2018 Audi RS5 [0.00]	what should i offer for this car? 2008 E92 M3 Melbourne Red Beige Extended leaher premium package tech package 19" wheels USB/Ipod Sat radio HD radio enhanced premium sound MSRP was 69,745 this one is used and has just over 7K miles
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09-10-2008, 09:43 AM	#3
kmarei Major General 722 Rep 6,860 Posts Drives: 2014 BMW 435i X-drive Join Date: Jul 2008 Location: Reston, VA iTrader: (34) Garage List 2018 Audi RS5 [0.00]	so if invoice is 64,425 i should offer 51.5?? sounds too low no? but 7000 miles is not very low, so its not slightly used its used
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09-10-2008, 09:46 AM	#4
BMoney Second Lieutenant 48 Rep 297 Posts Drives: 2020 BMW X3MC, 2019 Audi TT RS Join Date: Nov 2006 Location: NOVA iTrader: (0)	I remember seeing several used low mileage(low 100s) M3's selling for 10K to 12K off the original MSRP. Last edited by BMoney; 09-10-2008 at 10:07 AM..
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09-10-2008, 10:11 AM	#6
kmarei Major General 722 Rep 6,860 Posts Drives: 2014 BMW 435i X-drive Join Date: Jul 2008 Location: Reston, VA iTrader: (34) Garage List 2018 Audi RS5 [0.00]	how can i check how much they are going for on auction? cuz at $51K that's a great deal cheaper than the new one i want that doesn't have premium sound or tech package i would just be missing carbon fiber roof but for a 9K saving i can live with steel roof heck i'll lose the 45lb weight saving
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09-10-2008, 10:23 AM	#7
BMoney Second Lieutenant 48 Rep 297 Posts Drives: 2020 BMW X3MC, 2019 Audi TT RS Join Date: Nov 2006 Location: NOVA iTrader: (0)	Check ebay....51 seems low to me.
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09-10-2008, 10:28 AM	#8
kmarei Major General 722 Rep 6,860 Posts Drives: 2014 BMW 435i X-drive Join Date: Jul 2008 Location: Reston, VA iTrader: (34) Garage List 2018 Audi RS5 [0.00]	they are asking 59,999 i was thinking of offering 57
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09-10-2008, 10:34 AM	#9
BMoney Second Lieutenant 48 Rep 297 Posts Drives: 2020 BMW X3MC, 2019 Audi TT RS Join Date: Nov 2006 Location: NOVA iTrader: (0)	My guess would be 55 to 57K. You can always start low!
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09-10-2008, 10:39 AM	#10
xsilvor Captain 68 Rep 992 Posts Drives: M5 Join Date: Jun 2008 Location: Houston, TX iTrader: (2)	Is it just me or are there a ton of overpriced used M3s on autotrader and ebay? I'm talking 6MTs with 3000+ miles and no tech package for $68000+. Seems a bit outlandish to me.
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09-10-2008, 10:52 AM	#11
lucid Major General 382 Rep 8,033 Posts Drives: E30 M3; Expedition Join Date: Apr 2007 Location: USA iTrader: (0)	Unless the seller has to sell today or they are going to kill his babies, you won't have that car for $51k. If the market was not in such bad shape, you probably couldn't have it for less than $60k. Given that the market sucks, I'd say $56-58k range would be reasonable. __________________
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09-10-2008, 11:25 AM	#13
TLud Colonel 111 Rep 2,279 Posts Drives: '12 Golf R Join Date: Jun 2008 Location: Texas iTrader: (3)	I would make an offer of $55k, but expect to pay a bit more.
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09-12-2008, 06:00 PM	#15
Salespunk Lieutenant Colonel 1784 Rep 1,711 Posts Drives: Slow Join Date: Mar 2007 Location: SlowCal iTrader: (0)	They are all over the board on Autotrader.com. There are fully loaded cars starting around $57K with all options. I would start at $55K and see what happens.
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09-12-2008, 07:17 PM	#16
positiveions Lieutenant General 970 Rep 11,726 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	is the car located at a dealer?
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09-12-2008, 08:41 PM	#17
kmarei Major General 722 Rep 6,860 Posts Drives: 2014 BMW 435i X-drive Join Date: Jul 2008 Location: Reston, VA iTrader: (34) Garage List 2018 Audi RS5 [0.00]	yes
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09-12-2008, 08:56 PM	#19
rob612 Second Lieutenant 15 Rep 235 Posts Drives: e92 - m3 Join Date: Jul 2008 Location: California iTrader: (1)	$1
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09-17-2008, 02:40 PM	#22
Ali.K_BMW Colonel 111 Rep 2,163 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	61!!!!!! lol I would of taken that!
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