CPO question

shivaswrath · 09-25-2017, 07:52 PM

For a 2015 with 42,000 miles listed at 52,000....Can I apply the "take 6%" off of MSRP rule or is it different with CPO M3s?

I feel like $48,000 is more realistic.

Thescout13 · 09-25-2017, 10:30 PM

You cannot. The 6-7% suggestion (I would not say rule) is for new cars. MSRP by definition is only meant for new cars. The X% off is to find the invoice numbers. With used cars the difference between what the dealer paid and what they are selling it for can be anywhere from 10% to 2%. CPO or not does not matter. Realistically I would not expect to get any more than 2-3% tops of whatever the used car is selling for, especially a CPO. But that is from my experience.

KevinM · 09-25-2017, 11:04 PM

Agree with above in terms of negotiating a CPO car - the depreciation has been taken into account and CPO cars are of course always more. That said, while I have NO idea at all about the market (and have no idea about the options of the car such as carbon ceramic brakes, etc.), $52K does seem a bit high for a 2015 with 42K miles...

shivaswrath · 09-26-2017, 05:53 AM

Thank you guys! I didn't find much information so wanted to get a gut check...Ironically I purchased my 335i from the same dealer for 48k, so I suspect they'll think I'm crazy asking for the same 5 years later :-/

If it wasn't Silverstone....

gatorfast · 09-26-2017, 06:48 AM

There are no rules when it comes to car buying negotiations. If you feel $48k is where you want to be then make an offer low enough to allow for some room to meet in that area. If you have a trade-in, I suggest taking it to carmax first to get a price to at least know what you are working with. Then sometimes it is easier to negotiate the "differential" between your trade allowance and the car you want to buy. Good luck!

I would also say that while 42k miles is not high at all, it still may scare away a decent amount of buyers which is advantageous to someone looking for a deal.

09-25-2017, 07:52 PM	#1
shivaswrath Brigadier General 649 Rep 4,323 Posts Drives: 2012 335i Join Date: Apr 2008 Location: Lost in NJ iTrader: (3)	CPO question For a 2015 with 42,000 miles listed at 52,000....Can I apply the "take 6%" off of MSRP rule or is it different with CPO M3s? I feel like $48,000 is more realistic. __________________ CURRENT: 2017 RS3 (miss you guys) SOLD: 2012 335i Mineral Gray M Performance Exhaust/Brakes/Suspension/LSD\|Bav Stage 1/AMP\|\|ER CP/IC/DP/OC \| Dinan CAI/N55 PWG BIG TURBO\|BMWF30.com
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09-25-2017, 10:30 PM	#2
Thescout13 Brigadier General 4947 Rep 4,976 Posts Drives: '20 F80 M3CS, %E2%80%9818 GT3 Join Date: Nov 2013 Location: California iTrader: (0)	You cannot. The 6-7% suggestion (I would not say rule) is for new cars. MSRP by definition is only meant for new cars. The X% off is to find the invoice numbers. With used cars the difference between what the dealer paid and what they are selling it for can be anywhere from 10% to 2%. CPO or not does not matter. Realistically I would not expect to get any more than 2-3% tops of whatever the used car is selling for, especially a CPO. But that is from my experience. __________________ Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017)
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09-25-2017, 11:04 PM	#3
KevinM Brigadier General 2936 Rep 3,286 Posts Drives: 2002 M5;2007 M Coupe;2020 M2C Join Date: Jul 2011 Location: Tucson iTrader: (0) Garage List 2020 M2 Competition [10.00] 2007 E86 M coupe [8.38] 2002 E39 M5 [9.00]	Agree with above in terms of negotiating a CPO car - the depreciation has been taken into account and CPO cars are of course always more. That said, while I have NO idea at all about the market (and have no idea about the options of the car such as carbon ceramic brakes, etc.), $52K does seem a bit high for a 2015 with 42K miles... __________________ 2020 F87 M2C Hockenheim Silver/MT 2002 E39 M5 Sterling Gray/Caramel 2007 E86 Z4M Coupe Silver Gray/Black 2021 Kia Telluride (hauler)
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09-26-2017, 05:53 AM	#4
shivaswrath Brigadier General 649 Rep 4,323 Posts Drives: 2012 335i Join Date: Apr 2008 Location: Lost in NJ iTrader: (3)	Thank you guys! I didn't find much information so wanted to get a gut check...Ironically I purchased my 335i from the same dealer for 48k, so I suspect they'll think I'm crazy asking for the same 5 years later :-/ If it wasn't Silverstone.... __________________ CURRENT: 2017 RS3 (miss you guys) SOLD: 2012 335i Mineral Gray M Performance Exhaust/Brakes/Suspension/LSD\|Bav Stage 1/AMP\|\|ER CP/IC/DP/OC \| Dinan CAI/N55 PWG BIG TURBO\|BMWF30.com
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09-26-2017, 06:48 AM	#5
gatorfast Major General 4998 Rep 6,863 Posts Drives: 718 Cayman Join Date: Jan 2008 Location: SoFla iTrader: (4)	There are no rules when it comes to car buying negotiations. If you feel $48k is where you want to be then make an offer low enough to allow for some room to meet in that area. If you have a trade-in, I suggest taking it to carmax first to get a price to at least know what you are working with. Then sometimes it is easier to negotiate the "differential" between your trade allowance and the car you want to buy. Good luck! I would also say that while 42k miles is not high at all, it still may scare away a decent amount of buyers which is advantageous to someone looking for a deal.
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