2008 M3 Coupe

Honda · 01-03-2015, 08:47 PM

I am looking for some opinions. I found a 2008 BMW M3 with 35k miles. It has been in a fender bender. Seller is selling it for market value arguing that a fender bender is not a big deal and it is not an accident and it wont decrease in its value. Is that true? Also it is reported in carfax and autocheck.

What should I offer him? I don't want to over pay specially it has been reported in CarFax. What is the maximum I should pay for it? It has all options of a 2008 model with DCT.

Sephiroth · 01-03-2015, 08:50 PM

You don't seem to mind since you are considering buying it. Get it inspected anyway and if it comes out clean then why not make a reasonable offer

waldron80 · 01-03-2015, 08:54 PM

Check NADA, Edmunds, and KBB. What are the Private Party Sell Recommendations?

Next...Do you care about the old NAV or the Pre-LCI rear?

Next...How bad do you want the car and how much more are you willing to pay for something you want now?

Next...Offer what you are willing to pay.

Note about the fender bender...For ME I keep my cars long enough that a small fender bender doesn't bother me as long as the car checks out when I get a PPI.

Lastly...Make sure you get a reputable shop to complete a PPI.

SMG M3 · 01-03-2015, 08:56 PM

If it was just cosmetic damage and seller has proof backing that statement up then i wouldn't worry that much but still try to get price down anyway.

obe100 · 01-03-2015, 09:08 PM

While I can appreciate the seller's honesty, no way would I pay market for a car that's been in a "fender bender" unless it was an extremely rare make/model. IMO, the seller should understand this. GL

apollo322 · 01-03-2015, 09:11 PM

If he has pictures he can share and a copy of the bill proving it's minor I would consider buying it, but I wouldn't offer him the same price as a car without it. No matter what he says it diminishes the salability and , as a result, the value of the car. If he doesn't take some of the hit now you take ALL OF IT when it's your turn to sell. If he refuses to be realistic right now wait, he will learn after the 45th person walks away when they see the accident on carfax.

Honda · 01-03-2015, 09:26 PM

Yes I have verified it is a fender bender. He sent me a picture of pre repair and fender was just cracked along with front bumper. However, carfax report bothers me. I am sure I will be low balled if I tried to trade in the car. I am sure many of here as well wont take a car that had paint work done on it so I wont be able to sell it easily as I will be targeting a very narrow audience.

Sinful · 01-03-2015, 10:54 PM

All fender benders all accidents decrease the value...that is why you are here asking ...
Look, honestly BMW makes cars that are horrible from a reliability stand point. They have bearing clearances and the engines grenade. Why on earth would you want to buy a POS BMW and on top of that a POS BMW that has been wrecked?

Honda · 01-04-2015, 09:50 AM

Quote:

Originally Posted by Sinful

All fender benders all accidents decrease the value...that is why you are here asking ...
Look, honestly BMW makes cars that are horrible from a reliability stand point. They have bearing clearances and the engines grenade. Why on earth would you want to buy a POS BMW and on top of that a POS BMW that has been wrecked?

What I understood is BMW M3 is more reliable than others. Rod bearings is not an issue if you know how to take care of the car. You seem very disappointed with your car.

Look, as you can tell my budget is not big enough to buy one that is perfect but I am looking for one that doesn't have big issues either. The reason why I am taking opinions is because I want to see how many people are willing to buy a car that has been in a fender bender.

apollo322 · 01-04-2015, 11:34 AM

Since your seller seems to think ( mistakenly I might add) that it should not diminish his value one cent I don't think you are going to be able to have an honest negotiation. You are better off moving on, sad to say. He probably won't hear you but the 12th buyer. Make him an offer you can live with and wait.

Bavarian Beast · 01-04-2015, 02:09 PM

If you really are interested then drive it, offer 15% below the asking and take it at 10% or so below. Otherwise, find another one without the hassles since you are gaining nothing in this deal and there are plenty on the market.

spiderspider · 01-04-2015, 02:54 PM

What's the price?

01-03-2015, 08:47 PM	#1
Honda Lieutenant Colonel 289 Rep 1,536 Posts Drives: BMW Join Date: Feb 2014 Location: US iTrader: (25)	2008 M3 Coupe I am looking for some opinions. I found a 2008 BMW M3 with 35k miles. It has been in a fender bender. Seller is selling it for market value arguing that a fender bender is not a big deal and it is not an accident and it wont decrease in its value. Is that true? Also it is reported in carfax and autocheck. What should I offer him? I don't want to over pay specially it has been reported in CarFax. What is the maximum I should pay for it? It has all options of a 2008 model with DCT.
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01-03-2015, 08:50 PM	#2
Sephiroth 4-6-8 234 Rep 990 Posts Drives: for the fun of it Join Date: Nov 2007 Location: Jax, FL iTrader: (1)	You don't seem to mind since you are considering buying it. Get it inspected anyway and if it comes out clean then why not make a reasonable offer
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01-03-2015, 08:54 PM	#3
waldron80 Private First Class 32 Rep 112 Posts Drives: 08 e90 M3 6MT Join Date: Oct 2014 Location: United States iTrader: (0)	Check NADA, Edmunds, and KBB. What are the Private Party Sell Recommendations? Next...Do you care about the old NAV or the Pre-LCI rear? Next...How bad do you want the car and how much more are you willing to pay for something you want now? Next...Offer what you are willing to pay. Note about the fender bender...For ME I keep my cars long enough that a small fender bender doesn't bother me as long as the car checks out when I get a PPI. Lastly...Make sure you get a reputable shop to complete a PPI. __________________
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01-03-2015, 08:56 PM	#4
SMG M3 Private First Class 23 Rep 159 Posts Drives: 08 M3 6MT Join Date: Aug 2012 Location: cental ma iTrader: (0)	If it was just cosmetic damage and seller has proof backing that statement up then i wouldn't worry that much but still try to get price down anyway.
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01-03-2015, 09:08 PM	#5
obe100 Lieutenant 232 Rep 496 Posts Drives: on the weekends… Join Date: Sep 2011 Location: Planet Earth iTrader: (1)	While I can appreciate the seller's honesty, no way would I pay market for a car that's been in a "fender bender" unless it was an extremely rare make/model. IMO, the seller should understand this. GL
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01-03-2015, 09:11 PM	#6
apollo322 Private First Class 10 Rep 134 Posts Drives: 1999 M coupe, 2003.5 M3 Join Date: Oct 2014 Location: Phila Pa iTrader: (0)	If he has pictures he can share and a copy of the bill proving it's minor I would consider buying it, but I wouldn't offer him the same price as a car without it. No matter what he says it diminishes the salability and , as a result, the value of the car. If he doesn't take some of the hit now you take ALL OF IT when it's your turn to sell. If he refuses to be realistic right now wait, he will learn after the 45th person walks away when they see the accident on carfax.
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01-03-2015, 09:26 PM	#7
Honda Lieutenant Colonel 289 Rep 1,536 Posts Drives: BMW Join Date: Feb 2014 Location: US iTrader: (25)	Yes I have verified it is a fender bender. He sent me a picture of pre repair and fender was just cracked along with front bumper. However, carfax report bothers me. I am sure I will be low balled if I tried to trade in the car. I am sure many of here as well wont take a car that had paint work done on it so I wont be able to sell it easily as I will be targeting a very narrow audience.
	Appreciate 0 Quote

01-03-2015, 10:54 PM	#8
Sinful Banned 14 Rep 409 Posts Drives: Its black and has 4 wheels Join Date: Aug 2014 Location: USA iTrader: (0)	All fender benders all accidents decrease the value...that is why you are here asking ... Look, honestly BMW makes cars that are horrible from a reliability stand point. They have bearing clearances and the engines grenade. Why on earth would you want to buy a POS BMW and on top of that a POS BMW that has been wrecked?
	Appreciate 0 Quote

01-04-2015, 11:34 AM	#10
apollo322 Private First Class 10 Rep 134 Posts Drives: 1999 M coupe, 2003.5 M3 Join Date: Oct 2014 Location: Phila Pa iTrader: (0)	Since your seller seems to think ( mistakenly I might add) that it should not diminish his value one cent I don't think you are going to be able to have an honest negotiation. You are better off moving on, sad to say. He probably won't hear you but the 12th buyer. Make him an offer you can live with and wait.
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01-04-2015, 02:09 PM	#11
Bavarian Beast Too many wagons on the bahn..... 98 Rep 582 Posts Drives: LMB 2011 BMW e93 Join Date: Feb 2013 Location: Hawaii iTrader: (1)	If you really are interested then drive it, offer 15% below the asking and take it at 10% or so below. Otherwise, find another one without the hassles since you are gaining nothing in this deal and there are plenty on the market.
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01-04-2015, 02:54 PM	#12
spiderspider Captain 312 Rep 657 Posts Drives: E90 M3 DCT, 991 C4S, E46 330i Join Date: Dec 2014 Location: Danville, CA iTrader: (0)	What's the price?
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