Values

bahnstormer · 03-13-2009, 05:52 PM

Hi all, I am thinking about getting rid of my M3. Its a coupe and its pretty well loaded. Has anyone thought about trading there car in for something else and if so what kind of figures have people been getting. I can not believe what they are saying my car is worth I only have 8600 miles.

Thanks

1MOREMOD · 03-13-2009, 06:16 PM

what are they telling you its worth just curious?

bahnstormer · 03-13-2009, 06:32 PM

High 40's. KBB says it worth 55,200 with a stick and I have DCT and more options.

montreal red · 03-13-2009, 06:40 PM

Quote:

Originally Posted by bahnstormer

High 40's. KBB says it worth 55,200 with a stick and I have DCT and more options.

at those prices youre better off selling it on your own... just keep in mind that dealers have to make money.

Ben335 · 03-13-2009, 06:41 PM

The used car market in the last 60 days has really really tanked, beyond expectations. Manheim auctions prices are some of the lowest in years right now, so I am not surprised the dealer is giving you that number. Best bet is to private sell the car and then get your new one.

I just trade assisted to an M3 from a 2007 fully loaded 335i convertible and the money the dealer will get for my car at Manheim is atrocious.

smmmurf · 03-13-2009, 07:47 PM

I'm in the market for an '09 right now. I called up a dealer and he kept pushing a new '08 DCT. I told him I didn't want the car but he insisted he could do 8k below invoice. I told the dealer I didn't want the car and he kept spitting out lower numbers. I'm not surprised at what they're offering.

FWIW, there is a loaded one on eBay with less miles for $53,800 (Buy It Now). The auction doesn't seem to be able to go over $46k every time it ends.

ygfamily21 · 03-13-2009, 07:52 PM

fully loaded 08 sedan with 8.6k miles will go for $48000. ppl wont pay more than that cuz of economy.... i saw one with 3k mile 08 fully loaded go for 50k

spyderco10 · 03-13-2009, 11:56 PM

it makes much more sense to buy a lightly used M3 than a new one and save 30%

osteome · 03-14-2009, 03:01 AM

Quote:

Originally Posted by spyderco10

it makes much more sense to buy a lightly used M3 than a new one and save 30%

Not making picking up my 09 in a few days any easier......

MrHarris · 03-14-2009, 04:40 AM

If you pick up an M3, or any 3 series for that matter, make sure it's an 09. The new Idrive is worth it. If you get the 08 knowing you could have gotten the 09, you will cry if you see the new Idrive.

smmmurf · 03-14-2009, 06:06 AM

Quote:

Originally Posted by MrHarris

If you pick up an M3, or any 3 series for that matter, make sure it's an 09. The new Idrive is worth it. If you get the 08 knowing you could have gotten the 09, you will cry if you see the new Idrive.

I played with the '09 iDrive. It's nice. The NavTraffic feature is cool. I don't think it's a deal maker or breaker, though. I actually prefer the aesthetics of the '08 controller. The '09 might be more functional, but the '08 feels nicer in my hand. And then we have the problem that:

If you get the '09 M3 and could have gotten the '10 LCI facelift... if you get the '10, you could have gotten the '12 ZCP package, etc. and so on and so forth...

At this point, I'd rather save $8k-10k off invoice (which is lower to begin with) than get the new iDrive. That is, if you can still find an '08. Tto each his own! I'd rather not pay a premium for a car right before the facelift...

needspeed · 03-14-2009, 06:16 AM

Quote:

Originally Posted by bahnstormer

Hi all, I am thinking about getting rid of my M3. Its a coupe and its pretty well loaded. Has anyone thought about trading there car in for something else and if so what kind of figures have people been getting. I can not believe what they are saying my car is worth I only have 8600 miles.

Thanks

Are you bored with it already?????? Just wondering, since at this point the M3 has really dropped in value due to them giving away the 08s at the end of the year and selling at invoice or so in the 1st quarter.

You are just going to have to suck up the loss or wait it out for the economy to pick up..........Steve

coaster · 03-14-2009, 12:16 PM

Quote:

Originally Posted by needspeed

Are you bored with it already?????? Just wondering, since at this point the M3 has really dropped in value due to them giving away the 08s at the end of the year and selling at invoice or so in the 1st quarter.

You are just going to have to suck up the loss or wait it out for the economy to pick up..........Steve

I got 4600 miles on my 2008 E90 fully-loaded (minus DCT) and was quoted $49,000. Considering I paid $67,000 including gas guzzler and CA taxes I do feel the pain of the minus $18,000 that my "investment" has suffered in less than 10 months.

But here is a better way to think of it. I could have put that $67,000 into the stock market 10 months ago and postponed my purchase until now. I would have saved the $18,000 but guess what? The stock market would have cost me $25,000 in losses instead of $18,000!. So I feel that I am still ahead while having the pleasure of driving this fantastic automobile for several months now.

Cheer up fellows, it's only money. Go out and make some more if you run out of it.

signes · 03-14-2009, 06:05 PM

Trade price unfortunately sounds in line with Manheim prices. The trouble with private sale is not only are you competing with low prices from dealers for new cars, but they are also offering financing rates so low on new cars (which in many cases you cannot get on used.)

oneginee · 03-14-2009, 08:11 PM

-$10,000 off for a new 08 E90,E92 or E93 at my local dealer. Used with mileage it is more (or I should say.. less)

smmmurf · 03-14-2009, 09:02 PM

Quote:

Originally Posted by oneginee

-$10,000 off for a new 08 E90,E92 or E93 at my local dealer. Used with mileage it is more (or I should say.. less)

I've heard of even better deals... $14k off MSRP on a new E92 (Northern California).

JPH · 03-14-2009, 10:48 PM

Hold the car....

AlpineM3 · 03-14-2009, 10:57 PM

Keep the car and sell later...one thing i do when i buy everyone of my new cars is consider the $ gone. That way whatever i get back in the end is a bonus. I do keep my cars for a bit over 10 mos tho...
in the 40's id prolly offer you that just to have another M3...dont sell

valeram · 03-14-2009, 11:13 PM

Keep the car until the M3 price settles down. The car already sheded the most depreciation value in his/her lifespan. As what Coaster said, you could have lost more money in the stock market. Dealers are pushing the 08 model quickly plus the current bad economy that drives the price down. I think, the price of your car will hover around 40's for another year. I am no economist but even the so called expert economist missed the market forcast badly.

bahnstormer · 03-14-2009, 11:28 PM

Thanks everyone, I am just going to keep it. I am not really board with the car, it just don't excite me like some of the other cars I have owned including my 2 E36 M's and my E46 M. I was hoping to get into a new 911. They are running great deals right know.

03-13-2009, 05:52 PM	#1
bahnstormer Private First Class 15 Rep 121 Posts Drives: 07 550I, 6spd.07 MCS 09 m3 DCT Join Date: Feb 2008 Location: RI iTrader: (0)	Values Hi all, I am thinking about getting rid of my M3. Its a coupe and its pretty well loaded. Has anyone thought about trading there car in for something else and if so what kind of figures have people been getting. I can not believe what they are saying my car is worth I only have 8600 miles. Thanks
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03-13-2009, 06:16 PM	#2
1MOREMOD - 11817 Rep 23,187 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	what are they telling you its worth just curious?
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03-13-2009, 06:32 PM	#3
bahnstormer Private First Class 15 Rep 121 Posts Drives: 07 550I, 6spd.07 MCS 09 m3 DCT Join Date: Feb 2008 Location: RI iTrader: (0)	High 40's. KBB says it worth 55,200 with a stick and I have DCT and more options.
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03-13-2009, 06:41 PM	#5
Ben335 Captain 46 Rep 891 Posts Drives: 09 M3 Finally here Join Date: Jul 2008 Location: Virginia iTrader: (2)	The used car market in the last 60 days has really really tanked, beyond expectations. Manheim auctions prices are some of the lowest in years right now, so I am not surprised the dealer is giving you that number. Best bet is to private sell the car and then get your new one. I just trade assisted to an M3 from a 2007 fully loaded 335i convertible and the money the dealer will get for my car at Manheim is atrocious.
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03-13-2009, 07:47 PM	#6
smmmurf Colonel 310 Rep 2,189 Posts Drives: E92 M3 DCT 353k+ miles Join Date: Feb 2008 Location: Half Moon Bay, CA iTrader: (7)	I'm in the market for an '09 right now. I called up a dealer and he kept pushing a new '08 DCT. I told him I didn't want the car but he insisted he could do 8k below invoice. I told the dealer I didn't want the car and he kept spitting out lower numbers. I'm not surprised at what they're offering. FWIW, there is a loaded one on eBay with less miles for $53,800 (Buy It Now). The auction doesn't seem to be able to go over $46k every time it ends.
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03-13-2009, 07:52 PM	#7
ygfamily21 Private First Class 8 Rep 124 Posts Drives: 2007 Porsche Cayman S Join Date: Jan 2009 Location: Birmingham, MI iTrader: (0)	fully loaded 08 sedan with 8.6k miles will go for $48000. ppl wont pay more than that cuz of economy.... i saw one with 3k mile 08 fully loaded go for 50k
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03-13-2009, 11:56 PM	#8
spyderco10 Colonel 63 Rep 2,426 Posts Drives: AW E92 M3 6MT Join Date: Jul 2008 Location: Honolulu, HI iTrader: (0)	it makes much more sense to buy a lightly used M3 than a new one and save 30% __________________ “For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life.” - John 3:16
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03-14-2009, 04:40 AM	#10
MrHarris yodog 197 Rep 5,025 Posts Drives: '86 Corolla Join Date: Jun 2007 Location: Diamond Bar, Ca iTrader: (5) Garage List 2009 BMW [10.00]	If you pick up an M3, or any 3 series for that matter, make sure it's an 09. The new Idrive is worth it. If you get the 08 knowing you could have gotten the 09, you will cry if you see the new Idrive. __________________ 2009 E92 M3 \| Alpine White \| Black Extended \| Advan RS \| Turner Test Pipes \| Dinan Axle-Back \| OETuning \| Eibach Springs \| UUC SSK \| VRS Front Lip \| VRS Type I Diffuser \| Matte Black \| RPi Scoops \| MS Filter \| Yokohama AD08 \| F1 Pinnacle Special Thanks: Gintani \| OETuning \| eAs
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03-14-2009, 06:05 PM	#14
signes Brigadier General 201 Rep 4,318 Posts Drives: 991 GT3 RS Join Date: Sep 2008 Location: Living at (almost...) 9k iTrader: (5)	Trade price unfortunately sounds in line with Manheim prices. The trouble with private sale is not only are you competing with low prices from dealers for new cars, but they are also offering financing rates so low on new cars (which in many cases you cannot get on used.)
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03-14-2009, 08:11 PM	#15
oneginee Banned 16 Rep 415 Posts Drives: GT3 RS Join Date: Oct 2007 Location: SE iTrader: (0)	-$10,000 off for a new 08 E90,E92 or E93 at my local dealer. Used with mileage it is more (or I should say.. less)
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03-14-2009, 10:48 PM	#17
JPH Second Lieutenant 20 Rep 254 Posts Drives: E92 M3 Coupe Join Date: Feb 2008 Location: Chicago iTrader: (0)	Hold the car....
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03-14-2009, 10:57 PM	#18
AlpineM3 Private 1 Rep 78 Posts Drives: AW M3 Join Date: Jan 2009 Location: NE USA iTrader: (0)	Keep the car and sell later...one thing i do when i buy everyone of my new cars is consider the $ gone. That way whatever i get back in the end is a bonus. I do keep my cars for a bit over 10 mos tho... in the 40's id prolly offer you that just to have another M3...dont sell
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03-14-2009, 11:13 PM	#19
valeram Major 37 Rep 1,413 Posts Drives: 992 TTS, 991.2 GT3 T, F80 M3 C Join Date: Oct 2006 Location: Dublin, OH iTrader: (0)	Keep the car until the M3 price settles down. The car already sheded the most depreciation value in his/her lifespan. As what Coaster said, you could have lost more money in the stock market. Dealers are pushing the 08 model quickly plus the current bad economy that drives the price down. I think, the price of your car will hover around 40's for another year. I am no economist but even the so called expert economist missed the market forcast badly.
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03-14-2009, 11:28 PM	#20
bahnstormer Private First Class 15 Rep 121 Posts Drives: 07 550I, 6spd.07 MCS 09 m3 DCT Join Date: Feb 2008 Location: RI iTrader: (0)	Thanks everyone, I am just going to keep it. I am not really board with the car, it just don't excite me like some of the other cars I have owned including my 2 E36 M's and my E46 M. I was hoping to get into a new 911. They are running great deals right know.
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