Good deal on a 2009 E92 M3?

[El_Duderino]

I'm in the market for a used E92 M3 2009 or newer.

I located a 2009 coupe, Jerez black on black leather interior. Fully loaded w/ DCT, ZTP, ZPP, ZCP, premium sound, 19" wheels. <10K miles. They're asking 56K.

My only issues are the presence of a moonroof instead of the CF roof which I would prefer. Otherwise, this car is perfect.

My question is whether or not this deal is far better than what would be expected given the above specs. If so, I may decide to pull the trigger anyway and just forget about the CF roof. If, however, others suggest that this kind of a deal may be had elsewhere, I may just maintain a patient outlook and wait for the EXACT car that I want.

Thoughts?

Thanks in advance.

El Duderino

[richardbb85]

see if u get it to like 53-54, 56 seem a bit high

[El_Duderino]

Thanks for the advice. Can anyone chime in on the going price for a pre-owned, fully loaded 2009 E92 coupe? Thanks.

El Duderino

[TTG]

DCT or manual? Still, the price seems ok to me.

[WillC310]

How close to the 10k mark is the car? 9500 mi? I'd also find out when the in-service date was since that determines how much warranty/maint is left on the car and that should impact the price somewhat. Also, is it private party, or a dealer? Dealers will try to tack on a few k just because they think they can. Unless it's CPO'd I don't see the value in add in buying from a dealer vs buying private party.

[El_Duderino]

It's presently at 9,900 miles. It has a DCT transmission (original post edited). Additionally, the car is a dealer vehicle that is CPO.

However, to bring the price down to $56K, they insist that it is sold as a non-CPO vehicle -- they effectively removed the additional 2 year CPO warranty.

I agree re: dealer vs private party. I was actually about to pull the trigger on a private party deal but another buyer stepped in and bought the vehicle "sight unseen" about 24 hours before I was due to get a pre-purchase inspection performed. I was not about to drop >$50K on a car that had not been inspected closely by a mechanic.

[WillC310]

Seems kind of BS that they would pull the CPO. Ask them to meet you 1/2 and leave it as CPO since you've already lost (atleast) 1 year on the factory warranty and CPO != new car warranty.

[El_Duderino]

Originally Posted by WillC310

Seems kind of BS that they would pull the CPO. Ask them to meet you 1/2 and leave it as CPO since you've already lost (atleast) 1 year on the factory warranty and CPO != new car warranty.

I agree. However, based on my previous CPO buying experience, the CPO warranty is not equivalent to a new car warranty. Major mechanical components--which are the ones to be concerned about eg transmission, engine, brakes--are covered. However, several components covered under the new car warranty are not covered under CPO. In addition, there is a small but irritating deductible associated with all CPO repairs.

It is a common misconception that CPO coverage is identical to a new car warranty. Dealers play on this all the time. The fine print suggests that it is not.

If they tag on a couple of thousand for the CPO warranty, we start to creep ever closer to the pricetag on an ED 2011. The hope here is to save a significant chunk of change over a brand new ED delivered 2011. If the savings are only a few thousand dollars, I'd rather travel to Munich

[WillC310]

That's what I mean by "!=" - that's computer programming for not equal to.

[El_Duderino]

Its proving to be quite the challenge to locate a 2009 E92 w/ DCT, premium and tech anywhere in the country for a reasonable price!

I did locate a 2009 E92 DCT w/ just over 3K miles and loaded w/ ZPP, ZTP, heated seats, enhanced premium sound, Ipod/USB. Negotiated the dealership down to $56K -- they won't budge any further despite some fairly aggressive haggling. The car has exactly 3 years left on the warranty.

Does this price seem more than a little high for an '09, particularly one that is non-CPO? We're talking close to $59.5K out the door. Thoughts?

[El_Duderino]

Never mind re: the above. Deceptive photos suggestive of premium and tech packages but just received a copy of the window sticker. No tech, no premium = no go.

The search continues...