How much room for negotiation on a used 2003 M3 convertible?

5050punk · 04-02-2009, 04:52 PM

Hey Guys,
My girlfriend is looking at used cars, and we are going to check out a 2003 M3 Convertible this weekend. The car is pretty much loaded with a manual transmission. It has 25k miles on it, and the dealer is asking for $26k. What price should we start our negotiations at?

KBB.com has the following values. I assume this car is not in "Excellent" condition though, since it's a 2003:

Suggested Retail Price (only shows excellent):
Excellent: $27,725

Private Party:
Excellent: $24,425
Good: $23,175

Trade In:
Excellent: $21,450
Good (probably what the dealer paid): $20,400

Thanks

BTW, I know this is the "New" M3 purchasing forum, but I have no idea where the Used forum is

5050punk · 04-03-2009, 11:15 AM

Ok, since no one's responded, let me rephrase my question. I assume the dealer paid the "Good" Trade-In value when they bought the car, so they probably paid around $20.5k. They are asking for $26k. Would it be too low to try to start negotiations at $22k with the intent of ending up around $23k?

spicoli024 · 04-03-2009, 12:37 PM

$22K would not be a bad starting place. Cars across the country, new or used, have declined in sales recently and the fact is dealers want to get rid of their cars. You could even start lower and if they laugh at you, then ask them to call you back in a month when the car is still sitting there. Worked with my friend who got a fully loaded new e92 m3 for $52K!

5050punk · 04-03-2009, 03:08 PM

Quote:

Originally Posted by spicoli024

Worked with my friend who got a fully loaded new e92 m3 for $52K!

Damn! That's quite the deal. I could have gotten one of those instead of my lowly 335xi

I think I'll start at 22k and go from there. The sales guy is cool, and I don't want to mess with him too much. Hell, he let us drive an 03 911 last time we were there!

5050punk · 04-06-2009, 11:57 AM

So we went in to check out the car this weekend, and the dealer was only willing to lower the price of the car by $500

. I told them I'd be willing to pay $23-24k since they probably paid $20-21k for it, and the manager literally told me "We're not St. Vincent DePaul. We're a for profit organization". So we just told them we were not interested and left.

808six · 05-08-2009, 07:23 PM

they let you drive an 03 911? big deal they are supposed to let you drive it if they wanna sell something..anyway forget the e46, its old news...good riddance

04-02-2009, 04:52 PM	#1
5050punk Private First Class 26 Rep 177 Posts Drives: 2016 Golf R, 2009 335xi Coupe Join Date: Nov 2008 Location: Kirkland, WA. iTrader: (0)	How much room for negotiation on a used 2003 M3 convertible? Hey Guys, My girlfriend is looking at used cars, and we are going to check out a 2003 M3 Convertible this weekend. The car is pretty much loaded with a manual transmission. It has 25k miles on it, and the dealer is asking for $26k. What price should we start our negotiations at? KBB.com has the following values. I assume this car is not in "Excellent" condition though, since it's a 2003: Suggested Retail Price (only shows excellent): Excellent: $27,725 Private Party: Excellent: $24,425 Good: $23,175 Trade In: Excellent: $21,450 Good (probably what the dealer paid): $20,400 Thanks BTW, I know this is the "New" M3 purchasing forum, but I have no idea where the Used forum is __________________ Last edited by 5050punk; 04-02-2009 at 06:29 PM..
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04-03-2009, 11:15 AM	#2
5050punk Private First Class 26 Rep 177 Posts Drives: 2016 Golf R, 2009 335xi Coupe Join Date: Nov 2008 Location: Kirkland, WA. iTrader: (0)	Ok, since no one's responded, let me rephrase my question. I assume the dealer paid the "Good" Trade-In value when they bought the car, so they probably paid around $20.5k. They are asking for $26k. Would it be too low to try to start negotiations at $22k with the intent of ending up around $23k? __________________
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04-03-2009, 12:37 PM	#3
spicoli024 Lieutenant 430 Rep 597 Posts Drives: 2021 M3 COMPETITION Join Date: Mar 2009 Location: Houston, TX iTrader: (0)	$22K would not be a bad starting place. Cars across the country, new or used, have declined in sales recently and the fact is dealers want to get rid of their cars. You could even start lower and if they laugh at you, then ask them to call you back in a month when the car is still sitting there. Worked with my friend who got a fully loaded new e92 m3 for $52K! __________________ *2021* ///M3 *Competition* 2018 BMW M3 Competition \| 2009 BMW E60 M5 \| 2008 Audi B7 RS4 \| 2006 BMW E46 M3 ZCP \| 2003 BMW M3 CP
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04-06-2009, 11:57 AM	#5
5050punk Private First Class 26 Rep 177 Posts Drives: 2016 Golf R, 2009 335xi Coupe Join Date: Nov 2008 Location: Kirkland, WA. iTrader: (0)	So we went in to check out the car this weekend, and the dealer was only willing to lower the price of the car by $500 . I told them I'd be willing to pay $23-24k since they probably paid $20-21k for it, and the manager literally told me "We're not St. Vincent DePaul. We're a for profit organization". So we just told them we were not interested and left. __________________
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05-08-2009, 07:23 PM	#6
808six Second Lieutenant 16 Rep 274 Posts Drives: AW 335 COUPE Join Date: Nov 2005 Location: HAWAII iTrader: (1)	they let you drive an 03 911? big deal they are supposed to let you drive it if they wanna sell something..anyway forget the e46, its old news...good riddance
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