Need opinions quick help please!!! M3 TRADE

WingZeroX5 · 01-03-2011, 03:38 PM

Okay I am looking to trade in my current 2008 328i for a 2008 M3. Dealer appraised $17.5k

E90 M3:
$46.3 asking
31k miles
CPO
18" wheels
dynamic xenon
black/black
NAVI
manual (non DCT)
new michelins
moonroof

my CPO 2008 328:
I have a lien on it, remaining 18.5k.
37k miles
heated seats
beige leatherette
style 189 wheels w/pirelli
converted xenons w/ OSS
*pretty much stock*

I am pushing the dealer to get it to $20k, which they seem very willing to do as long as i make the purchase. Should i go with it? If they accept my deal for $20k, I can pay off the lien and just use the rest of the money as down payment...there's also the promotion going on which ends today!

Or can i get the dealer to accept $21k, take it or leave it? The m3 has been sitting there since sept.

HELP PLEASE!!! DEAL ENDS 8PM SHARP!

WWONG · 01-03-2011, 03:39 PM

Wait, so what do you need help with again? Are you trying to see whether you should get it? That all depends on whether you can afford it/want it enough. None of us can really help you here.

WingZeroX5 · 01-03-2011, 03:43 PM

Quote:

Originally Posted by WWONG

Wait, so what do you need help with again? Are you trying to see whether you should get it? That all depends on whether you can afford it/want it enough. None of us can really help you here.

yes, whether or not it's a good deal...of course i want it and i can afford it!

jaybird124 · 01-03-2011, 03:49 PM

What else does the M3 have on it? E90 or E92? Manual or DCT? Did they replace all 4 tires? if not how do they rate?

WingZeroX5 · 01-03-2011, 03:51 PM

Quote:

Originally Posted by jaybird124

What else does the M3 have on it? E90 or E92? Manual or DCT? Did they replace all 4 tires? if not how do they rate?

e90, manual, 4 tires replaced with brand spanking new michelin PS2's

Bavarian E92 · 01-03-2011, 03:55 PM

Quote:

Originally Posted by WingZeroX5

Okay I am looking to trade in my current 2008 328i for a 2008 M3. Dealer appraised $17.5k

E90 M3:
$46.3 asking
31k miles
CPO
18" wheels
dynamic xenon
black/black
NAVI
manual (non DCT)
new michelins
moonroof

my CPO 2008 328:
I have a lien on it, remaining 18.5k.
37k miles
heated seats
beige leatherette
style 189 wheels w/pirelli
converted xenons w/ OSS
*pretty much stock*

I am pushing the dealer to get it to $20k, which they seem very willing to do as long as i make the purchase. Should i go with it? If they accept my deal for $20k, I can pay off the lien and just use the rest of the money as down payment...there's also the promotion going on which ends today!

Or can i get the dealer to accept $21k, take it or leave it? The m3 has been sitting there since sept.

HELP PLEASE!!! DEAL ENDS 8PM SHARP!

There is always a deal. Don't let the dealer trick you into thinking otherwise, because its not even the end of the month. Just tell them you wanna go elsewhere to see if you'll get a better deal.

WingZeroX5 · 01-03-2011, 03:57 PM

Quote:

Originally Posted by Bavarian E92

There is always a deal. Don't let the dealer trick you into thinking otherwise, because its not even the end of the month. Just tell them you wanna go elsewhere to see if you'll get a better deal.

true, i kept that in the back of my mind...but i'm just curious as to if i were to pull the trigger on this, how well will i be doing?

ceb · 01-03-2011, 03:59 PM

So your real question is if the M3 is worth $47.3k

You are making the typical buyers mistake of combining the value of your trade with the value of your new car.

They are offering 17.5 on your trade. You owe 18.5 - so you are upside down by $1000.

Accordingly, you need to add that $1k to the asking price of their car.

Your only question should be "is a 2008 M3 worth $47300?"

What does KBB say?

dtc100 · 01-03-2011, 03:59 PM

Yep the first clue is when they told you the deal would end at 8

dtc100 · 01-03-2011, 04:05 PM

Quote:

Originally Posted by ceb

What does KBB say?

Someone should be able to tell him what might be the auction price for a 2008 M3, all I know is one of the members here just bought his CPO 2007 M5 (not M3) for $37k.

WingZeroX5 · 01-03-2011, 04:06 PM

Quote:

Originally Posted by ceb

So your real question is if the M3 is worth $47.3k

You are making the typical buyers mistake of combining the value of your trade with the value of your new car.

They are offering 17.5 on your trade. You owe 18.5 - so you are upside down by $1000.

Accordingly, you need to add that $1k to the asking price of their car.

Your only question should be "is a 2008 M3 worth $47300?"

What does KBB say?

There's no way that I am going to let my car go for 17.5, private sale is worth a lot more. So I won't let myself be upside down. That's why i offered 20k to them and dealer didn't reject...they just wanted me to finalize it today which I said no.

exactly, is the 2008 m3 worth the 46k, I was also thinking how much lower I can go with it...KBB says roughly $50k...but for 50k,i can just get a little bit over invoice on a 2011 base with nada

Quote:

Originally Posted by dtc100

Someone should be able to tell him what might be the auction price for a 2008 M3, all I know is one of the members here just bought his CPO 2007 M5 (not M3) for $37k.

haha pretty please!

ceb · 01-03-2011, 04:07 PM

Quote:

Originally Posted by Bavarian E92

There is always a deal. Don't let the dealer trick you into thinking otherwise, because its not even the end of the month. Just tell them you wanna go elsewhere to see if you'll get a better deal.

That's not quite true.

Today is the "end of the month" for December incentives, so depending on the incentive he might want to do a deal (or not) today.

dtc100 · 01-03-2011, 04:08 PM

Quote:

Originally Posted by WingZeroX5

There's no way that I am going to let my car go for 17.5, private sale is worth a lot more. So I won't let myself be upside down. That's why i offered 20k to them and dealer didn't reject...they just wanted me to finalize it today which I said no.

exactly, is the 2008 m3 worth the 46k, I was also thinking how much lower I can go with it...KBB says roughly $50k...but for 50k,i can just get a little bit over invoice on a 2011.

They can "pay you" $30k for your trade if they have $12k profit in the M3.

WingZeroX5 · 01-03-2011, 04:09 PM

Quote:

Originally Posted by dtc100

They can "pay you" $30k for your trade if they have $12k profit in the M3.

won't that be like a 60k car? lol

dtc100 · 01-03-2011, 04:11 PM

Quote:

Originally Posted by WingZeroX5

won't that be like a 60k car? lol

Good thing you said no

You should read more before making a car buying decision.

WingZeroX5 · 01-03-2011, 04:15 PM

Quote:

Originally Posted by dtc100

Good thing you said no

You should read more before making a car buying decision.

well yeah...i'm not walking in there and buying a vehicle without any knowledge, i only went to pick it up for service and was inquiring about numbers...that's it. Then it obviously escalated to "comon buy it now, it's a great offer!" So i just let them keep throwing numbers to see what i'm getting, and coming here for some advice. It's not like I walk into a bestbuy and picking up a game

The HACK · 01-03-2011, 04:18 PM

Quote:

Originally Posted by ceb

That's not quite true.

Today is the "end of the month" for December incentives, so depending on the incentive he might want to do a deal (or not) today.

That's not quite true. Dealers have ways to take advantage of said incentives whether or not they "end."

I once bought a Z4 3.0i with a $7,500 trunk cash deal that had ended 3 months before I bought the car.

persian54 · 01-03-2011, 04:19 PM

I would say don't do it.

iDrive in the 09 alone is worth extra $

Plus, with 2012 here, the 08 is 3, almost 4 years old now.

see if you can do 21k trade in 44k OTD

Then it'll be a better deal

WingZeroX5 · 01-03-2011, 04:34 PM

Quote:

Originally Posted by persian54

I would say don't do it.

iDrive in the 09 alone is worth extra $

Plus, with 2012 here, the 08 is 3, almost 4 years old now.

see if you can do 21k trade in 44k OTD

Then it'll be a better deal

I was actually thinking of that...!!!

dtc100 · 01-03-2011, 04:39 PM

Quote:

Originally Posted by persian54

I would say don't do it.

iDrive in the 09 alone is worth extra $

Plus, with 2012 here, the 08 is 3, almost 4 years old now.

see if you can do 21k trade in 44k OTD

Then it'll be a better deal

I don't know what is the fair price for an 08 M3, the 07 M5 deal was a reference point.

But the OP was throwing "LOLs" around when he was the one having no clue how trade in and used car buying work.

He has a long way to go before making a decision as big as the one he was attempting.

WingZeroX5 · 01-03-2011, 04:57 PM

Quote:

Originally Posted by dtc100

when he was the one having no clue how trade in and used car buying work.
.

who are you to say i have no clue how trade in and used car buying works?

Quote:

Originally Posted by dtc100

But the OP was throwing "LOLs" around

Really....u have to go there don't u

dtc100 · 01-03-2011, 05:44 PM

Quote:

Originally Posted by WingZeroX5

Quote:

Originally Posted by dtc100

when he was the one having no clue how trade in and used car buying work.
.

who are you to say i have no clue how trade in and used car buying works?

Based on your $60k comment, what else?

01-03-2011, 03:38 PM	#1
WingZeroX5 Colonel 766 Rep 2,361 Posts Drives: F80 / F30 Join Date: Mar 2010 Location: New Hampshire iTrader: (14)	Need opinions quick help please!!! M3 TRADE Okay I am looking to trade in my current 2008 328i for a 2008 M3. Dealer appraised $17.5k E90 M3: $46.3 asking 31k miles CPO 18" wheels dynamic xenon black/black NAVI manual (non DCT) new michelins moonroof my CPO 2008 328: I have a lien on it, remaining 18.5k. 37k miles heated seats beige leatherette style 189 wheels w/pirelli converted xenons w/ OSS pretty much stock I am pushing the dealer to get it to $20k, which they seem very willing to do as long as i make the purchase. Should i go with it? If they accept my deal for $20k, I can pay off the lien and just use the rest of the money as down payment...there's also the promotion going on which ends today! Or can i get the dealer to accept $21k, take it or leave it? The m3 has been sitting there since sept. HELP PLEASE!!! DEAL ENDS 8PM SHARP! Last edited by WingZeroX5; 01-03-2011 at 03:53 PM..
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01-03-2011, 03:39 PM	#2
WWONG Banned 109 Rep 1,830 Posts Drives: 2012 BMW X5 xDrive35d Join Date: May 2010 Location: Houston, TX iTrader: (14)	Wait, so what do you need help with again? Are you trying to see whether you should get it? That all depends on whether you can afford it/want it enough. None of us can really help you here.
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01-03-2011, 03:49 PM	#4
jaybird124 Major 156 Rep 1,046 Posts Drives: 2017 M3 ZCP Join Date: Nov 2005 Location: Florida iTrader: (0)	What else does the M3 have on it? E90 or E92? Manual or DCT? Did they replace all 4 tires? if not how do they rate? __________________ '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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01-03-2011, 03:59 PM	#8
ceb NHTSA Nazi 28 Rep 1,983 Posts Drives: 335ix Join Date: Aug 2009 Location: MD iTrader: (1)	So your real question is if the M3 is worth $47.3k You are making the typical buyers mistake of combining the value of your trade with the value of your new car. They are offering 17.5 on your trade. You owe 18.5 - so you are upside down by $1000. Accordingly, you need to add that $1k to the asking price of their car. Your only question should be "is a 2008 M3 worth $47300?" What does KBB say?
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01-03-2011, 03:59 PM	#9
dtc100 Lieutenant Colonel 28 Rep 1,522 Posts Drives: 2011 E90 328i 6AT non-sport Join Date: Sep 2010 Location: Norcal iTrader: (0)	Yep the first clue is when they told you the deal would end at 8
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01-03-2011, 04:19 PM	#18
persian54 Lieutenant General 923 Rep 15,818 Posts Drives: M760/G83M4 Join Date: Jun 2009 Location: The Valley, SoCal iTrader: (298)	I would say don't do it. iDrive in the 09 alone is worth extra $ Plus, with 2012 here, the 08 is 3, almost 4 years old now. see if you can do 21k trade in 44k OTD Then it'll be a better deal __________________ From E93 335i to E89 Z4 to E93 M3/E89 Z4 to E350/SL550
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