What happened to value of my m3?

Throbin_Hood · 11-01-2016, 04:27 PM

On the beginning of September I picked up a 2011 M3 w/ 49k miles for $39k out the door. NADA and KBB had the vehicle at that price with a fair suggested price of $38,5xx. Now I look today 2 months later and its suggested is $32K and trade in is $29k. Even with the same miles! I was content with buying the M3 2 months ago because the trade in was $35k but not now, jeez!

dparm · 11-01-2016, 07:41 PM

Demand changes and the market conditions are not static. Those are just recommendations, it doesn't mean dealers won't give you more if there is a low supply or the car is particularly nice.

Who cares about trade-in value? You're going to get fucked by the dealer on that.

Throbin_Hood · 11-01-2016, 09:11 PM

Where does kbb and NADA pull values from? And how hard is it to sell a m3 private party.

dparm · 11-02-2016, 11:05 AM

Quote:

Originally Posted by Throbin_Hood

Where does kbb and NADA pull values from? And how hard is it to sell a m3 private party.

KBB and NADA have their own secret sauce to determine values. They won't share the specifics since it's proprietary.

It's not hard to sell an M3. It's a sought-after car.

Shazz · 11-02-2016, 11:36 AM

Isn't it normal for sports car values to dip over winter and SUVs pick up?

jiggz · 11-02-2016, 03:23 PM

Those resources are just guides. I'd pay more attention to what people are actually paying (there's a thread specifically on this topic) and/or look at the average asking prices across the web.

These cars seem to hold value pretty well, they're not falling that fast. My X5 on the other hand, it's just crazy how fast it's tanked in value over the past 2 years

Phil5129 · 11-02-2016, 04:05 PM

Airbag recall?

WingZeroX5 · 11-02-2016, 04:58 PM

It's even funnier to see people listing their cars for way more than it's worth

Frozen · 11-02-2016, 05:48 PM

Blue book value is usually a little low on these cars because they don't factor in the enthusiast market, but I think they may factor in the airbag recall and the rod bearing fears. I see a lot of cars listed in the for sale section that don't appear to be selling. Even Kaiv's beautiful e92 is still sitting there.

Throbin_Hood · 11-02-2016, 08:14 PM

I see a lot of cars sitting right under the 50k mile mark for sale. Like people drive them right up until the warranty is about to expire. My airbag has been replaced luckily.

Haywood · 11-02-2016, 09:16 PM

Quote:

Originally Posted by Throbin_Hood

On the beginning of September I picked up a 2011 M3 w/ 49k miles for $39k out the door. NADA and KBB had the vehicle at that price with a fair suggested price of $38,5xx. Now I look today 2 months later and its suggested is $32K and trade in is $29k. Even with the same miles! I was content with buying the M3 2 months ago because the trade in was $35k but not now, jeez!

You have an e90 which is more rare to see. Not to be a dick, but why do you care right now? Are you looking to sell already?

Throbin_Hood · 11-03-2016, 10:21 AM

Quote:

Originally Posted by Haywood

You have an e90 which is more rare to see. Not to be a dick, but why do you care right now? Are you looking to sell already?

Not that I need to sell right now. But if something comes up I would really like to be able to snag the opportunity and not come out completely belly up with my M. Really want a c63 507 edition, or at least test drive it to see if I fall in love.

UPSROD · 11-03-2016, 10:35 AM

Quote:

Originally Posted by Throbin_Hood

Not that I need to sell right now. But if something comes up I would really like to be able to snag the opportunity and not come out completely belly up with my M. Really want a c63 507 edition, or at least test drive it to see if I fall in love.

Probably should decide what you really want before you just buy something!

Throbin_Hood · 11-03-2016, 04:50 PM

Quote:

Originally Posted by UPSROD

Probably should decide what you really want before you just buy something!

I know it might not seem like I have in mind what I'm really looking for. But, in reality I know it should have 4 doors, and be fast. I grew out of STI's awhile ago so there isn't very many things that fit the bill.

Frozen · 11-03-2016, 04:59 PM

On the entire first two pages of the for sale section I don't see any cars marked as Sold. Seems like the market has really slowed down on these cars?

mercedesc63 · 11-17-2016, 01:51 PM

Quote:

Originally Posted by Throbin_Hood

On the beginning of September I picked up a 2011 M3 w/ 49k miles for $39k out the door. NADA and KBB had the vehicle at that price with a fair suggested price of $38,5xx. Now I look today 2 months later and its suggested is $32K and trade in is $29k. Even with the same miles! I was content with buying the M3 2 months ago because the trade in was $35k but not now, jeez!

I felt the same way when I traded in my E93 after the F8x was released...

At this point they will keep getting lower till it finally settles down.

Munichm3 · 11-24-2016, 09:53 PM

Quote:

Originally Posted by Throbin_Hood

Not that I need to sell right now. But if something comes up I would really like to be able to snag the opportunity and not come out completely belly up with my M. Really want a c63 507 edition, or at least test drive it to see if I fall in love.

I had a 2011 c63 and I loved it, but when coming from an E46 m3 I was craving an E92, and honestly haven't looked back.

HadesM3 · 11-25-2016, 12:18 AM

where do you guys think the bottom for the e90 m3's will be? Will they continue dropping until they hit $20k or lower?

I have been searching for one, but after reading the OP's post I wonder if I can buy an m3 for significantly less next Summer versus today?

Thoughts?

hpat · 11-25-2016, 08:37 PM

^will definitely be less next summer once more used f80s and m2 enter the market

ase2dais · 11-29-2016, 03:12 PM

Winter is the worst time to get a value of a car, generally prices starts to creep up a bit during March -Early Spring thru Summer.
Relax dont worry enjoy the car.. you bought it to enjoy it and not an investment

elim11 · 11-29-2016, 05:46 PM

Congrats on owning a depreciating asset.....the 911 GT3s on the other hand....

dparm · 12-01-2016, 11:46 AM

Quote:

Originally Posted by ZombieM3

where do you guys think the bottom for the e90 m3's will be? Will they continue dropping until they hit $20k or lower?

I have been searching for one, but after reading the OP's post I wonder if I can buy an m3 for significantly less next Summer versus today?

Thoughts?

If anything, prices decline slightly during the winter months so you might have better luck now. I'm not advocating an impulse buy, however -- you should wait for the perfect car to come along (options, colors, condition, etc).

11-01-2016, 04:27 PM	#1
Throbin_Hood New Member 2 Rep 17 Posts Drives: 2011 e90 M3 Join Date: Sep 2016 Location: North Carolina iTrader: (0)	What happened to value of my m3? On the beginning of September I picked up a 2011 M3 w/ 49k miles for $39k out the door. NADA and KBB had the vehicle at that price with a fair suggested price of $38,5xx. Now I look today 2 months later and its suggested is $32K and trade in is $29k. Even with the same miles! I was content with buying the M3 2 months ago because the trade in was $35k but not now, jeez!
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11-01-2016, 07:41 PM	#2
dparm Stop the hate, get a V8 3850 Rep 8,625 Posts Drives: C7 Corvette GS, AMG C63 S Join Date: Jun 2013 Location: Frisco, TX iTrader: (1)	Demand changes and the market conditions are not static. Those are just recommendations, it doesn't mean dealers won't give you more if there is a low supply or the car is particularly nice. Who cares about trade-in value? You're going to get fucked by the dealer on that. __________________ Now: 2017 Corvette Grand Sport, 2021 AMG C63 S sedan Past: 2011.5 M3 sedan ZCP
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11-01-2016, 09:11 PM	#3
Throbin_Hood New Member 2 Rep 17 Posts Drives: 2011 e90 M3 Join Date: Sep 2016 Location: North Carolina iTrader: (0)	Where does kbb and NADA pull values from? And how hard is it to sell a m3 private party.
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11-02-2016, 11:36 AM	#5
Shazz Private 34 Rep 93 Posts Drives: E92 M3 Join Date: Jul 2015 Location: SW London iTrader: (0)	Isn't it normal for sports car values to dip over winter and SUVs pick up?
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11-02-2016, 03:23 PM	#6
jiggz Brigadier General 2141 Rep 3,647 Posts Drives: E90 M3\|F15 X5 50i Join Date: Mar 2005 Location: Seattle iTrader: (2)	Those resources are just guides. I'd pay more attention to what people are actually paying (there's a thread specifically on this topic) and/or look at the average asking prices across the web. These cars seem to hold value pretty well, they're not falling that fast. My X5 on the other hand, it's just crazy how fast it's tanked in value over the past 2 years
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11-02-2016, 04:05 PM	#7
Phil5129 Second Lieutenant 74 Rep 269 Posts Drives: BMW E92 M3 Join Date: Jul 2016 Location: Rochester Hills, MI iTrader: (2)	Airbag recall?
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11-02-2016, 04:58 PM	#8
WingZeroX5 Colonel 766 Rep 2,361 Posts Drives: F80 / F30 Join Date: Mar 2010 Location: New Hampshire iTrader: (14)	It's even funnier to see people listing their cars for way more than it's worth
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11-02-2016, 05:48 PM	#9
Frozen Captain 570 Rep 844 Posts Drives: Frozen Red e92 ZCP Join Date: Dec 2015 Location: SF Bay Area iTrader: (0)	Blue book value is usually a little low on these cars because they don't factor in the enthusiast market, but I think they may factor in the airbag recall and the rod bearing fears. I see a lot of cars listed in the for sale section that don't appear to be selling. Even Kaiv's beautiful e92 is still sitting there.
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11-02-2016, 08:14 PM	#10
Throbin_Hood New Member 2 Rep 17 Posts Drives: 2011 e90 M3 Join Date: Sep 2016 Location: North Carolina iTrader: (0)	I see a lot of cars sitting right under the 50k mile mark for sale. Like people drive them right up until the warranty is about to expire. My airbag has been replaced luckily.
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11-03-2016, 04:59 PM	#15
Frozen Captain 570 Rep 844 Posts Drives: Frozen Red e92 ZCP Join Date: Dec 2015 Location: SF Bay Area iTrader: (0)	On the entire first two pages of the for sale section I don't see any cars marked as Sold. Seems like the market has really slowed down on these cars?
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11-25-2016, 12:18 AM	#18
HadesM3 Private First Class 135 Rep 195 Posts Drives: Pair of e90's Join Date: May 2016 Location: CA iTrader: (0)	where do you guys think the bottom for the e90 m3's will be? Will they continue dropping until they hit $20k or lower? I have been searching for one, but after reading the OP's post I wonder if I can buy an m3 for significantly less next Summer versus today? Thoughts?
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11-25-2016, 08:37 PM	#19
hpat Private 28 Rep 87 Posts Drives: 2011 e92 m3 Join Date: Sep 2016 Location: NY iTrader: (0)	^will definitely be less next summer once more used f80s and m2 enter the market
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11-29-2016, 03:12 PM	#20
ase2dais //Mdicted 347 Rep 9,988 Posts Drives: a Cop Magnet Join Date: Sep 2005 Location: 495 Ring iTrader: (18) Garage List 2009 e92 M3 DCT CF ... [10.00] 2015 S-Works Roubaix [0.00] 2013 Trek Madone 5.9 [9.50] 2012 Scott - CR1-Pro [10.00] 2008 e92 M3 6MT (Up ... [10.00] 2002 e46 M3 Cabriol ... [7.00] 2006 e90-325i (DD) [7.00] 2002 e39 M5 (retired) [9.50]	Winter is the worst time to get a value of a car, generally prices starts to creep up a bit during March -Early Spring thru Summer. Relax dont worry enjoy the car.. you bought it to enjoy it and not an investment __________________ Oo\(lll)'(lll)/oO : 2009-e92 ///M3 SpaceGry DCT CF Rf/Trim ZTP ZPP ZCW Sat/PrmSd : \_lOOl___lOOl_/<< Clickies
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11-29-2016, 05:46 PM	#21
elim11 Major 424 Rep 1,325 Posts Drives: e90m3 Join Date: Apr 2008 Location: irvine/sf iTrader: (13)	Congrats on owning a depreciating asset.....the 911 GT3s on the other hand.... __________________
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