Am I getting ripped off?

ac3 · 12-25-2010, 06:05 PM

I'm seriously considering buying this car, but I've seen similar equipped M3's (not CPO'd) for under $40k. How much could I negotiate?

2008 M3 Coupe (CPO)
Premium, Cold Weather, & Technology Pkg
Space Gray/Fox Red Extended Lthr
44,600mi
$43,500

Thanks for any input!

NYCMCBM3 · 12-25-2010, 06:11 PM

i dont think its that bad, i seen some go for 49k

CarbonAlpine · 12-25-2010, 06:11 PM

I don't see it as "way too much". Perhaps because the markup in Miami for the m3's are noticeable. But when I went to a local dealer when I thought used was the way to go, they offered me a 2008 coupe with 19's and dct only...26k miles for 52,500. Now that is way too much, even for Miami.

Try and offer 40k and go up to 42k if you're comfortable

NYCMCBM3 · 12-25-2010, 06:11 PM

try to beat him down to 41- 42 k

saeedg48 · 12-25-2010, 06:13 PM

40 would be a good buy

Ctm309 · 12-25-2010, 06:16 PM

You weren't clear, is it CPO'd? That should ad to the asking price.

Brandon26pdx · 12-25-2010, 06:23 PM

I don't think I'd be a happy camper paying any more than 40 for it. It would have to be in near flawless condition too. That's a shit ton of miles for an 08 IMO...warranty would be dead soon

Kayani_1 · 12-25-2010, 06:28 PM

I would not pay more then 40K at most. The mileage is on the high side for a two year old car. The car is about to run out of factory free maintenance which means money coming out of your pocket. I have seen that car being advertised on auto trader for some time now.

dpsfm3 · 12-25-2010, 06:28 PM

that's a lot of miles for a 2/3 yr old car. you could probably negotiate a better price although there are many factors involved and we just don't know enough of the situation. I sold my '05 for just under $30k last month. I know it's apples and oranges, but still.

jaybird124 · 12-25-2010, 06:30 PM

Manheim is surprisingly showing those cars trading in the low 40's. That price does seem high, but to be fair the CPO 'punch' is expensive for the M3's, plus if they had to put new rubber on it.

I think you should give them the opportunity to be straight up with you and show you the costs they've incurred on the car. Assuming you're a reasonable person and not expecting to get the car for free (ie let them make some profit), then yall can be straight forward with each other and see if a deal can be made.
Hope this helps!

12-25-2010, 06:05 PM	#1
ac3 New Member 1 Rep 9 Posts Drives: BMW 330 Join Date: Jul 2008 Location: NJ iTrader: (0)	Am I getting ripped off? I'm seriously considering buying this car, but I've seen similar equipped M3's (not CPO'd) for under $40k. How much could I negotiate? 2008 M3 Coupe (CPO) Premium, Cold Weather, & Technology Pkg Space Gray/Fox Red Extended Lthr 44,600mi $43,500 Thanks for any input! Last edited by ac3; 12-25-2010 at 06:18 PM..
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12-25-2010, 06:11 PM	#2
NYCMCBM3 Colonel 167 Rep 2,711 Posts Drives: 2012 MCB E92 M3 Join Date: Apr 2010 Location: South Ozone Park,NY iTrader: (13)	i dont think its that bad, i seen some go for 49k __________________ 2012 MCB///M3
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12-25-2010, 06:11 PM	#3
CarbonAlpine Captain 204 Rep 835 Posts Drives: ///M4 Join Date: Oct 2010 Location: Miami iTrader: (25)	I don't see it as "way too much". Perhaps because the markup in Miami for the m3's are noticeable. But when I went to a local dealer when I thought used was the way to go, they offered me a 2008 coupe with 19's and dct only...26k miles for 52,500. Now that is way too much, even for Miami. Try and offer 40k and go up to 42k if you're comfortable
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12-25-2010, 06:11 PM	#4
NYCMCBM3 Colonel 167 Rep 2,711 Posts Drives: 2012 MCB E92 M3 Join Date: Apr 2010 Location: South Ozone Park,NY iTrader: (13)	try to beat him down to 41- 42 k __________________ 2012 MCB///M3
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12-25-2010, 06:13 PM	#5
saeedg48 Brigadier General 342 Rep 3,574 Posts Drives: Porsche 991.1 GT3 Join Date: Nov 2008 Location: Newport Beach, CA iTrader: (1)	40 would be a good buy __________________ 2015 Porsche 991.1 GT3 2015 F80 M3 -- Individual; Space Grey
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12-25-2010, 06:16 PM	#6
Ctm309 First Lieutenant 15 Rep 361 Posts Drives: '09 M3 AW Carbon roof DCT '11 Join Date: Oct 2009 Location: Norwalk, Ct./Port Washington, N.Y. iTrader: (7)	You weren't clear, is it CPO'd? That should ad to the asking price.
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12-25-2010, 06:23 PM	#7
Brandon26pdx Lieutenant Colonel 28 Rep 1,938 Posts Drives: 2011 135i Join Date: Oct 2007 Location: Portland, OR iTrader: (1)	I don't think I'd be a happy camper paying any more than 40 for it. It would have to be in near flawless condition too. That's a shit ton of miles for an 08 IMO...warranty would be dead soon
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12-25-2010, 06:28 PM	#8
Kayani_1 Lieutenant Colonel 81 Rep 1,656 Posts Drives: BMW E92/E60 Join Date: Oct 2009 Location: Houston iTrader: (1)	I would not pay more then 40K at most. The mileage is on the high side for a two year old car. The car is about to run out of factory free maintenance which means money coming out of your pocket. I have seen that car being advertised on auto trader for some time now. __________________ nickname"BAD 3",MHD E85 tune,RennArt catback non-resonated exhaust,VRSF Downpipes, VRSF 7"FMIC,VRSF stock side inlets,SSQV BOV,ECS CP,M-performance alcantara steering,retrofit M3 paddle shifters,Alpina B3 tranny flash,AFE power seal CAI,LED angels,ST Coilovers,M3 upper/lower control arms,E93 M3 Front Swaybar ,235/35/19x9 ,275/30/19x9.5. M sport bumpers, CF diffuser. When in doubt..flat out.
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12-25-2010, 06:28 PM	#9
dpsfm3 M enthusiast. BMW CCA member. 13 Rep 156 Posts Drives: 2011 M3 E92 7MDCT AW loaded Join Date: Nov 2010 Location: San Francisco, CA iTrader: (0)	that's a lot of miles for a 2/3 yr old car. you could probably negotiate a better price although there are many factors involved and we just don't know enough of the situation. I sold my '05 for just under $30k last month. I know it's apples and oranges, but still. __________________ 2011 ///M3 e92 7MDCT 19", Alpine White, Black Leather/Carbon, Loaded 2005 ///M3 e46 6MT 19", ZCP, Carbon Black, Black/Alcantara seats (sold, but not forgotten!)
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12-25-2010, 06:30 PM	#10
jaybird124 Major 156 Rep 1,046 Posts Drives: 2017 M3 ZCP Join Date: Nov 2005 Location: Florida iTrader: (0)	Manheim is surprisingly showing those cars trading in the low 40's. That price does seem high, but to be fair the CPO 'punch' is expensive for the M3's, plus if they had to put new rubber on it. I think you should give them the opportunity to be straight up with you and show you the costs they've incurred on the car. Assuming you're a reasonable person and not expecting to get the car for free (ie let them make some profit), then yall can be straight forward with each other and see if a deal can be made. Hope this helps! __________________ '17 M3 Imola Red/Carbonstructure Cloth, Competition, Lighting, 6MT Retired: '93 325i \|'99 Jeep Wrangler Sport \|'06 330i Sport \|'08 335i Sport \|'08 328i Sport \|'09 335d Sport
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