Decent Price for Private Party?

Stay Frosty · 07-30-2011, 11:43 AM

I don't know how much to trust kbb values, but here's what I'm looking at:

2008 CPO M3 IB/Silver (private party)
34k
Every package/option available in 2008 (+ CF roof)
Dinan exhaust, Dinan intake
Factory warranty for another year, then CPO kicks in for 4 years
Car appears to be in pristine condition (yet to see it in person)
Asking 47k

Thoughts?

boothguy · 07-30-2011, 11:48 AM

How does CPO happen in a private party sale?

Stay Frosty · 07-30-2011, 12:24 PM

I asked this same question yesterday, someone answered that you just bring it into BMW to have it CPO certified.

gthal · 07-30-2011, 12:25 PM

Quote:

Originally Posted by Stay Frosty

I asked this same question yesterday, someone answered that you just bring it into BMW to have it CPO certified.

I would confirm with the dealer to be sure... also, there is a cost to CPO a car, not sure if that's included in the price. I think it is around $2,500 in Canada, not sure $$ in the US.

Stay Frosty · 07-30-2011, 12:35 PM

Seller has a CPO card with the vehicles vin # on it.

Any opinion on the asking price?

varsity · 07-30-2011, 12:51 PM

The seller probably bought the car as a CPO; the seller is the second owner. He's passing along the CPO status to OP here.

To get an accurate idea of current value, call around to local dealers trying to "sell" them this same car. See what they offer. Add a couple thousand to that. Offer that figure to seller. I'd guess the figure is around 52-54% of the original MSRP.

Stay Frosty · 07-30-2011, 01:02 PM

CPO card is dated 3/2008. Autocheck lists it as one owner.

52-54% of original MSRP is ridiculous. That puts it in the 30k range.

gthal · 07-30-2011, 01:06 PM

Quote:

Originally Posted by Stay Frosty

CPO card is dated 3/2008. Autocheck lists it as one owner.

That doesn't make sense... the original owner cannot CPO the car for himself. You can only CPO on a sale to a new owner and it has to be CPO'd by a dealer. Either this person is the second owner or something is unusual here.

varsity · 07-30-2011, 02:51 PM

Quote:

Originally Posted by Stay Frosty

52-54% of original MSRP is ridiculous. That puts it in the 30k range.

Call some dealers, see what they'll pay for the car. Also try to find auction data.

KBB doesn't write checks...

W Cole · 07-31-2011, 12:50 AM

Non CPO 43k - 44k would be a good deal. Figure add 3k for the CPO. I think 47 is a good deal, anything under would be gravy.

BMW Fanatic · 07-31-2011, 12:54 AM

Something fishy going on here

Stay Frosty · 07-31-2011, 12:53 PM

I found out it was his dad's car. Maybe autocheck only calculated it as one owner because it's under the same last name...

NaplesBull · 08-01-2011, 07:44 AM

All of this sound very weird...also since when does CPO kick in for another 4 years?? It's always been 2 years or 100k miles, whichever comes first.

And also, there might be a transfer fee to transfer the CPO status to you, it might only be $100 but you should still find out.

07-30-2011, 11:43 AM	#1
Stay Frosty New Member 0 Rep 24 Posts Drives: 1997 328is Join Date: Jan 2011 Location: Long Island, NY iTrader: (0)	Decent Price for Private Party? I don't know how much to trust kbb values, but here's what I'm looking at: 2008 CPO M3 IB/Silver (private party) 34k Every package/option available in 2008 (+ CF roof) Dinan exhaust, Dinan intake Factory warranty for another year, then CPO kicks in for 4 years Car appears to be in pristine condition (yet to see it in person) Asking 47k Thoughts?
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07-30-2011, 11:48 AM	#2
boothguy Piacere di Guidare 3 Rep 84 Posts Drives: '11 E93 M3, 5-11 ED Join Date: Feb 2007 Location: Vista, CA iTrader: (0)	How does CPO happen in a private party sale?
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07-30-2011, 12:24 PM	#3
Stay Frosty New Member 0 Rep 24 Posts Drives: 1997 328is Join Date: Jan 2011 Location: Long Island, NY iTrader: (0)	I asked this same question yesterday, someone answered that you just bring it into BMW to have it CPO certified.
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07-30-2011, 12:35 PM	#5
Stay Frosty New Member 0 Rep 24 Posts Drives: 1997 328is Join Date: Jan 2011 Location: Long Island, NY iTrader: (0)	Seller has a CPO card with the vehicles vin # on it. Any opinion on the asking price?
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07-30-2011, 12:51 PM	#6
varsity Private 3 Rep 93 Posts Drives: white car, gray car, blue car Join Date: Aug 2008 Location: Atlanta iTrader: (0)	The seller probably bought the car as a CPO; the seller is the second owner. He's passing along the CPO status to OP here. To get an accurate idea of current value, call around to local dealers trying to "sell" them this same car. See what they offer. Add a couple thousand to that. Offer that figure to seller. I'd guess the figure is around 52-54% of the original MSRP.
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07-30-2011, 01:02 PM	#7
Stay Frosty New Member 0 Rep 24 Posts Drives: 1997 328is Join Date: Jan 2011 Location: Long Island, NY iTrader: (0)	CPO card is dated 3/2008. Autocheck lists it as one owner. 52-54% of original MSRP is ridiculous. That puts it in the 30k range.
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07-31-2011, 12:50 AM	#10
W Cole Major 145 Rep 1,130 Posts Drives: 2009 M3 Join Date: Dec 2010 Location: Newport Coast, CA iTrader: (5)	Non CPO 43k - 44k would be a good deal. Figure add 3k for the CPO. I think 47 is a good deal, anything under would be gravy.
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07-31-2011, 12:54 AM	#11
BMW Fanatic Banned 135 Rep 3,293 Posts Drives: slow Join Date: Jul 2009 Location: Calgary iTrader: (11)	Something fishy going on here
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07-31-2011, 12:53 PM	#12
Stay Frosty New Member 0 Rep 24 Posts Drives: 1997 328is Join Date: Jan 2011 Location: Long Island, NY iTrader: (0)	I found out it was his dad's car. Maybe autocheck only calculated it as one owner because it's under the same last name...
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08-01-2011, 07:44 AM	#13
NaplesBull New Member 2 Rep 29 Posts Drives: 07 MB E350 Join Date: Jun 2011 Location: Naples, FL iTrader: (0)	All of this sound very weird...also since when does CPO kick in for another 4 years?? It's always been 2 years or 100k miles, whichever comes first. And also, there might be a transfer fee to transfer the CPO status to you, it might only be $100 but you should still find out.
	Appreciate 0 Quote