Used m3 pricing .. what gives?

[unim3]

Originally Posted by passing

i have to disagree... KBB says mine is worth 40.

link?

[unim3]

Originally Posted by unim3

link?

.. I stand corrected..

Even though i put in 37,000 miles, KBB had a default 68k mileage on the m3 on the final page ....

FAIl .
YOu are correct. 08' m3 KBB pricing is ~$39k...

I feel like an idiot

[Z K]

Well, it depends on your area too. If you are in NorCal as your profile says, the M3s are more rare up here and so command a premium over some of the prices in other areas (SoCal).

Most of the time the price of the car depends on the condition. Dealers will mark up the price in most cases and you can find some good deals from private owners.

I paid $50k for my 2008 E90 M3 but that was a year ago (1.5 years of new car warranty left) in the San Francisco Bay Area. The prices are now about $40k in this market.

My car is exactly as the white car you described at Carmax, but mine is black. And the interior is absolutely mint when I purchased it - it looks and feels brand new. No wear on the leather bolsters, the car was garaged, meticulously cleaned and it was well taken care of. This was no family car. That's what sold me... the other M3s I saw at dealers had interiors in worse condition by far.

[unim3]

Originally Posted by Z K

Well, it depends on your area too. If you are in NorCal as your profile says, the M3s are more rare up here and so command a premium over some of the prices in other areas (SoCal).

Most of the time the price of the car depends on the condition. Dealers will mark up the price in most cases and you can find some good deals from private owners.

I paid $50k for my 2008 E90 M3 but that was a year ago (1.5 years of new car warranty left) in the San Francisco Bay Area. The prices are now about $40k in this market.

My car is exactly as the white car you described at Carmax, but mine is black. And the interior is absolutely mint when I purchased it - it looks and feels brand new. No wear on the leather bolsters, the car was garaged, meticulously cleaned and it was well taken care of. This was no family car. That's what sold me... the other M3s I saw at dealers had interiors in worse condition by far.

Just wanted to make sure I wasn't going crazy.. I searched back in time on the forum :
10-02-2011, 10:11 PM
FS: 2008 BMW E92 M3 Coupe 6MT AW/Silver ONLY 6300 miles ASKING $47,000 NORCAL
09-29-2011
FS: 2008 E92 M3 (AW/Fox Red) DCT 39,300 miles - Miami, FL ($44k)
06-16-2011
FS 08 M3 MR 6MT 33K miles ($39k)
06-12-2011
2008 E90 M3 46k miles 6 MT Loaded CLEAN ($39,5k) - had warranty at the time till 1/22/13
10-28-2011, 08:08 AM
2008 e90 m3 jb/fr 32k miles ($36k)

Back in 2011 ... we are now in 2013 out of warranty for the 08's and the prices are generally the same.. haven't budged. I lived in norcal for 5 years and visited socal.. They're both brimming w/ luxury cars esp LA.. I saw more luxury used car dealers than gas stations in L.A

[tjsabec]

For your reference:

I have an E90 6MT with 37,500 miles and have been thinking about putting mine up for sale.
It has Premium Package, Technology Package, Enhanced Premium Sound, Heated Seats, HD radio, & Satellite Radio.

KBB lists my car for $38,000

I fitted the car with ZCP wheels and it has 1 year of CPO coverage left.

I would be happy with $38,500... but would list the car at $40,000 because people expect to get money off.

I bought the car two years ago.. and back then they were going for around $50k with 20k miles or so. (that is pricing on cars CPO certified then.)

[Z K]

Originally Posted by unim3

Just wanted to make sure I wasn't going crazy.. I searched back in time on the forum :
10-02-2011, 10:11 PM
FS: 2008 BMW E92 M3 Coupe 6MT AW/Silver ONLY 6300 miles ASKING $47,000 NORCAL
09-29-2011
FS: 2008 E92 M3 (AW/Fox Red) DCT 39,300 miles - Miami, FL ($44k)
06-16-2011
FS 08 M3 MR 6MT 33K miles ($39k)
06-12-2011
2008 E90 M3 46k miles 6 MT Loaded CLEAN ($39,5k) - had warranty at the time till 1/22/13
10-28-2011, 08:08 AM
2008 e90 m3 jb/fr 32k miles ($36k)

Back in 2011 ... we are now in 2013 out of warranty for the 08's and the prices are generally the same.. haven't budged. I lived in norcal for 5 years and visited socal.. They're both brimming w/ luxury cars esp LA.. I saw more luxury used car dealers than gas stations in L.A

I purchased mine at the end of 2011. The car was a 2008 that entered service in 2009 so it was still under warranty until a few months ago. Technically it is like a 2009 model in terms of wear and tear but 2008 in model year. Throw in a BMW extended warranty and that price jumps to $50k+tax which is appropriate. (Extended warranty is $5-7k for an M3).

[gatorfast]

People can ask whatever they want for their cars. If you think it's too much then make an offer you thinkis fair. It's not uncommon for ere to be a disconnect between a buyer and seller.

Also, I have seen numerous m3s listed on here in mid-low 30 range so maybe you aren't looking hard enough?

[unim3]

Originally Posted by tjsabec

For your reference:

I have an E90 6MT with 37,500 miles and have been thinking about putting mine up for sale.
It has Premium Package, Technology Package, Enhanced Premium Sound, Heated Seats, HD radio, & Satellite Radio.

KBB lists my car for $38,000

I fitted the car with ZCP wheels and it has 1 year of CPO coverage left.

I would be happy with $38,500... but would list the car at $40,000 because people expect to get money off.

I bought the car two years ago.. and back then they were going for around $50k with 20k miles or so. (that is pricing on cars CPO certified then.)

Fair enough price and I guess I fully understand the pricing scheme in leu of the 'i want money off' crowd. I watch the classifieds like a hawk so i'll be on the lookout . I am in love with the AW sedan tho

[truths2k05]

Waiting for the f80 to come out might lead to further shock. The new 3 series on which the f80 M3-M4 is based on is a step down in quality from the e90....Generation. The V8's might hold their value for many years to come. Especially when the first year problems kick in with the new models.

[Blindside_137]

Originally Posted by M3 Esq.

IMO it's worth the premium if the car is meticulously maintainted and has full service records. In shopping for an M3, I am not sure the goal should be to find the lowest priced car. I think you are doing the right thing in shopping the forums. I would also check the CCA classifieds. I would much rather pay a higher price for one of these cars, where you can meet the owner, speak to him/her about the car, and get a sense for whether the owner loved it or not. You can't get that at carmax. Don't forget, when you buy a used car you are also buying the previous owner.

This, while a lot of enthusiasts may over price the car and think it's special.. it was probably taken much better care of by said enthusiast compared to the other 95% of the used car population

[midlifecrisis]

Originally Posted by truths2k05

Waiting for the f80 to come out might lead to further shock. The new 3 series on which the f80 M3-M4 is based on is a step down in quality from the e90....Generation. The V8's might hold their value for many years to come. Especially when the first year problems kick in with the new models.

There are enough people out there who believe that the E9X will maintain its value as the "last of the breed" normally aspirated M cars. I agree that this is why the values are holding up so well.

[unim3]

Originally Posted by Blindside_137

This, while a lot of enthusiasts may over price the car and think it's special.. it was probably taken much better care of by said enthusiast compared to the other 95% of the used car population

Your typical m3 owner is an enthusiast by definition. Just because someone doesn't frequent the forum doesn't make them any less or more.

If you were talking about a honda civic which a large part of the average driver community owns .. Yeah, as your average person doesn't take care much their stuff, I would see your point.. But it's an m3 .. You already establish you are an enthusiast at this point and have the wherewithal to care for a vehicle. I don't see quality varying much more differently outside of this forum. There are some that are beat and others that are well taken care of and there's a KBB rating that coincides w/ such quality variances.

That being said, in general, enthusiast or not, it seems people dont know what leather care is.. As almost all modern BMWs are leather, it would help if there was a sticky or something about Leather care.. I mean jesus .. I was starting to think the leather was just cheap in BMWs or something.. A lot of the interiors I have seen are beat to sh*t. Worn Grey/blue interiors are among the worst. I'd rather cloth at that point.

wears better than what I have seen out of alot of the bmw interiors.

[WillC310]

FWIW a car from a private party can have two distinct advantages. Service history and driver history. An owner that cares about their car can provide service records so you know that oil changes were more frequent than the 15k interval by BMW (which is utterly retarded IMO). Also, you can get a sense of the person and know if the car was abused based on personality. When I was selling my E46M3 I met a guy who wanted to buy it but he was a big douche and I wasn't going to let me car go to a guy like that.

Yeah, CarMax has their warranty but you can always get a 3rd party warranty. Personally I would opt for an 09 if only for the updated iDrive. Also if you can get an 09 it might still be under BMW warranty and you can ask the original owner to get the BMW warranty since it stays with the car, not the owner. Once the title changes hands it's no longer available.

[unim3]

Originally Posted by WillC310

FWIW a car from a private party can have two distinct advantages. Service history and driver history. An owner that cares about their car can provide service records so you know that oil changes were more frequent than the 15k interval by BMW (which is utterly retarded IMO). Also, you can get a sense of the person and know if the car was abused based on personality. When I was selling my E46M3 I met a guy who wanted to buy it but he was a big douche and I wasn't going to let me car go to a guy like that.

Yeah, CarMax has their warranty but you can always get a 3rd party warranty. Personally I would opt for an 09 if only for the updated iDrive. Also if you can get an 09 it might still be under BMW warranty and you can ask the original owner to get the BMW warranty since it stays with the car, not the owner. Once the title changes hands it's no longer available.

Why is this being brought up continuously? You know dealers keep digital records right? Thus, there is no advantage at all...

Further, companies like carmax have inspected the vehicle (private haven't).
Further, companies like carmax can provide you w/ financing.. Last i quoted, i was given 2.85% .. Given market conditions, I'd take this over paying cash and make 15%+ in markets.

personality? Driver history? I generally assume, as a seller, that you are going to tell me what it takes to get a sale. If you did anything retarded to the car, I know my way around cars and can tell.. that's all that matters to me .. the visual and detailed inspection and records (both of which are possible) outside of a private sell. I fully expect a private seller to lie his/her arse off .. Like in one case when i went to look at a private sale m3 and the guy told me he didn't beat on it.. tires were worn to shit on the edges (heavy cornering) .. and there were impact patterns all over the rotors from the abs kicking in .. I am sure he was an 'enthusiast'
.

Or the many cases when forum members forget there is a search function and I find them on all sorts of threads talking about launches, burnouts, and other h00n like activities yet they mention they babied their car in the classifieds.

Carmax warranties transfer as well and are a hellavuh lot cheaper than BMW's. They are also more extensive and cover more years and mileage.I can also cash out of it when I want and get a pro-rated refund. If I don't want to take it to carmax, i can take it to bmw and there's a $50 deductible.

Sorry, I fail to see how private sale commands a premium. It typically is the opposite.

[VCMpower]

Who is this KBB character? What makes him an expert on retail used prices, "Official appraisers" are there to help the dealer steal on trade.

Originally Posted by unim3

That's about 5k above KBB and is exactly what I am referring to. Fair? Curious as to how you arrived at that pricing as all the official appraisers put it at much less.
As I recall, this was the same price 08's were going for ~2 years ago...

I guess, if there is someone willing to pay, so be it

[LarThaL]

Originally Posted by Kanweezy

Not to talk crap or anything but, if you can " afford it" why are you looking to get an 08?

One word.....Value. For some people, whether they can afford it or not, the bang for the buck is what counts, and that is a highly individual decision. I, for instance, would never pay more than about $300-400 for a watch...ever. Just not worth it to me even though I could go out and buy something much pricier without breaking a sweat.

[truths2k05]

Originally Posted by midlifecrisis

There are enough people out there who believe that the E9X will maintain its value as the "last of the breed" normally aspirated M cars. I agree that this is why the values are holding up so well.

I think the v8 m3's will be the equivalent of the mid 90's toyota supra as far as holding their value. Almost 20 year old supras are still being sold in the 30k range. More torque or not the 335IS-M is a downgrade from the E90..M3 in everything but power. The 1M has more of an essence of a true M car than the F80 series, the F30 328i and 335i are a serious downgrade from the E90 series, the doors feel light, the interior is cheap, and don't even get me started on the Blasphemy of calling the coupe version of the M3 an M4.

The surplus of dealer stock in the new M5-M6 variants might also be indicative of the publics perception of what an M car should be.

[Giggs]

Just because KBB says something is worth "X", it aint worth sh*t if there are no cars selling for "X". Its all what the market indicates, not what some website says it is. You're not overpaying if all of the cars that are trading or all the cars listed are around the same price.

My suggestion is to have a price in mind that you are willing to pay and then when you find the right car in your price range pull the trigger and don't look back. If you wait forever or set unrealistic expectations you'll never end up doing anything.

[Da Hapa]

Originally Posted by unim3

P.S - I missed a purchase of an 08' m3 white sedan .. black interior 6mT .. had every option including sunshade in rear and back passenger.. + the headlight washers.. colored reflectors.. black grill.. nav.. tech package.. sunroof.. navigation... spoiler.. all that jazz.. 37k miles .. $38,898 at carmax.. i think the warranty offer was 7 years 100k miles for $1.6k on top. A guy put down on it while I was getting my current car appraised.

I just bought a 2008 M3 sedan with 42,000 miles (sparkling graphite metallic over silver extended leather) with tech package, premium package, cold weather package, rear sunshades, etc.) for $38,xxxx. Essentially every option except the DCT (which I DID NOT want, and the rear parking sensors). Exterior is 8.5 out of 10 while the interior is 9/10. I got the excellent extended warranty for 72 months and up to 100,000 miles and 60 month financing at 2% (I was originally going to pay cash but with those rates ended up financing about half the car). My purchase couldn't have been easier or more satisfying. The car is a third car for me and I plan to use it with my 2.5 year old son. I got a less than perfect car (which I'm ok with) at a reasonable price with a strong backstop. If this were my daily driver, I probably would have opted for a 2009 or newer but it's not.

I think you have to be patient and find the right car for you. I found other cars that looked great but I did not want black, I did not want the DCT, and I did not want a modified car. Almost everything else was open for consideration.

There were more expensive, more perfect vehicles I found but for what I want from this car it wasn't worth it. Similarily, there were substantially cheaper vehicles that werre pretty beat up. I also found cars at damn near the same price and same condition but no option for as good an extended warranty. Carmax's MaxCare program is outstanding with as good, if not better, coverage than many certified pre-owned options (as well as third party, reputable firms like Fidelity) at way cheaper prices.

Good luck in your search.

[enigma01]

I don't understand why people argue about this. It's a free market, and it's all about supply and demand. If a seller wants to list a car at an unreasonable price, that's his/her right and he/she will have to lower the price to sell (or find a sucker who'll pay the asking price).

A buyer complaining that the market is unreasonably pricing the cars in question accomplishes nothing IMHO. If you don't like the price(s), you can move on to something else that you will be happy to pay for.

If CarMax has the right cars at the right prices, then by all means, give them your business. I don't understand what's there to vent or complain about.

[Vanmarsenille]

Originally Posted by unim3

Good Day,
I've been hunting for a used m3 for about 1-2 years now. To nip the 'you can't afford it' crowd in the bud.. I most definitely can and could easily pay cash.... My problem has always been price. I fundamentally am unwilling to overpay for anything.. That being said, I am finding prices on e90post to be consistently $5-9k over KBB/edmunds value. In many cases, I even find the prices here to be above the stealership prices and even that of Carmax which offers 2.85% financing and a solid warranty .. Private sales don't.

So, i'm wondering.. What gives? Am i missing something here? 08' m3 prices on (e90post) haven't changed in like 2 years and are generally stuck at $40k? Do people consider this to be the place to try to rip-off potential buyers?

P.S - I missed a purchase of an 08' m3 white sedan .. black interior 6mT .. had every option including sunshade in rear and back passenger.. + the headlight washers.. colored reflectors.. black grill.. nav.. tech package.. sunroof.. navigation... spoiler.. all that jazz.. 37k miles .. $38,898 at carmax.. i think the warranty offer was 7 years 100k miles for $1.6k on top. A guy put down on it while I was getting my current car appraised.

Ultimately, it comes down to how badly you want an M3. If your primary concern is spending as little money as possible, you could well be waiting for some time. Since you have been looking for 1-2 years already, you apparently really do want an M3, so unless you want to go on looking for another 1-2 years, you might just have to adjust your expectations to the reality set by the market.

[m6pwr]

Originally Posted by Giggs

Just because KBB says something is worth "X", it aint worth sh*t if there are no cars selling for "X". Its all what the market indicates, not what some website says it is. You're not overpaying if all of the cars that are trading or all the cars listed are around the same price.

My suggestion is to have a price in mind that you are willing to pay and then when you find the right car in your price range pull the trigger and don't look back. If you wait forever or set unrealistic expectations you'll never end up doing anything.

I agree completely. These value guides can be misleading in many cases - - most particularly KBB which I regard as the notorious low ball. NADA Blue book is almost as bad but in the other direction. I've never understood how two industry-based value guides could be so far apart. What most people do is take the median between the two which is usually close to what the market is asking.