Do Buy This 2016 M3 7,800/mi for $50k FIRM or $53k with bal of 6/yr 60k mile WAR

[Bretto777]

As of January 3rd, NEW transparent pricing will sell to first party that pays $50,000 FIRM or $53,000 FIRM including balance of (69 out of 72/mo extended plat warranty with 60k miles). If dealer takes in trade they are going to do there damnedest to get $53k why not buy direct and effectively get a 6 year warranty included for free, on what is basically a 4 year old LIKE new vehicle.

Seriously for sale and am putting a 21-day shot clock to make something happen prior to doing trade-in with dealer.


Reluctantly hoping to find a new home for my one-owner garage queen 2016 m3, please message me directly if interested. See link below for pictures.

https://www.cars.com/vehicledetail/d...4349/overview/

Immaculately maintained and cared for fully loaded 2016 BMW M3 equipped with every available option at time of Euro Delivery in October 2015, with only 7,800 garage kept and pampered miles. It is a beautiful mineral white metallic and Silverstone (light interior with full merino leather package) with black 19 inch wheels and black carbon fiber roof that give it a nice black white combo. The car has only been garage kept, hand washed and cared for since new including CQuartz ceramic coatings applied to protect the vehicle and increase the depth and shine of the paint. This is truly in showroom like new condition inside and out.Note BMW is in-between product cycles of their M3 sedans and will not have a new version available until early 2021 or over a year from now and those will of course be selling at or near full MSRP for quite some time. A transferable (6 year [72 month of which 70 remain] 60,000 mile extended warranty is available for purchase separately and will be offered at contract cost ($2,960 plus transfer $40 transfer fee)

In order to put pricing and my goals and timeframe for sale into context please see below:
My opening bid last week for Trade-In at my local BMW dealer was $47,000 and they have since bumped the offer to $47,900. As you can see this is basically right in-line where the MMR, graded and mileage adjusted value is coming out on the vehicle. If my local dealer will buy it for $47,9k they will likely frontline for $56k to start and try to settle on a deal in the $53xxx range in-line with MMR and Blackbook retail. So instead of immediately jumping on the dealer offer to buy the vehicle, I have opted to take 30 days to selectively post on a few of the enthusiast forums and see if there’s someone out there that wants to pick up one of the 99.9 percentile in mileage, care and maintenance m3’s on the market for a number that makes sense for both me the current steward and the future owner. I will seriously entertain an offers above $50,000 and we will see if there’s a deal to be had. I’m not looking to go through the extra hassle of selling private party unless the numbers make sense, as there is also about a $700 tax benefit if I trade at the dealer so my literal break-even bird in hand comparison is $48,600. Why should the dealer get to capture that extra equity I have in the vehicle due to mileage and condition the vehicle is in? At least that is my 2 cents. Plus I am in the unique position to be able to offer the transferable 6yr/60k mile extended warranty to the potential buyer.

One way or another this beautifully maintained M3 will be moving onto the next owner whether directly to another buyer via private party sale or via the dealer. Hope you all have a happy new year and great 2020! Please PM if you are interested and or have further questions.
Car has been coded for these features (and are still active):
1. re-code for fully adaptive no-dazzle LED headlights, turn on at 10mph
2. Euro MDM traction control
3. unlock doors on engine off
4. enable brake force flashing with hard braking
5. close windows with key fob
6. fold/unfold mirrors with key fob
7. disable active sound

Base US MSRP of $63,200, As Configured US MSRP $80,795 paid options list ($17,595 in configure options):
• Mineral White Metallic ($550)
• Silverstone Full Merino Leather ($2,650)
• Driver Assistance Plus ($1,700)
• Executive Package ($3,500)
• Lighting Package (with re-code for EURO full adaptive LED) ($1,900)
• M DCT Transmission ($2,900)
• Adaptive M Suspension ($1,000)
• 19-inch Black/Light alloy wheels ($1,200)
• Power Rear Sunshade ($350)
• Parking Assistant ($500)
• Enhanced USB and Bluetooth Plus ($350)

[AO08BAS]

Lovely car OP, but 7.5k in 4 years? What was the point of buying the car lol

[Ru35ian]

I'm currently shopping for a used M3/M4. Can someone tell me why private sellers are always $3+ thousand higher in their listing than an equitably equipped car from a dealer?

I understand we all take pride in our cars, but I think I could get a 2018 refreshed model with competition for the price OP is asking.

Maybe I'm missing something, because I've only owned 2 cars (8 years each), but shouldn't the dealer sale be more expensive because there is implied warranty (if I find something wrong with the car that existed prior to sale, they'll usually fix it for free), whereas buying private is as-is (I suppose you could ask, but good luck in most cases)?

I ask because I do want to sell my 335i privately when I get my next car, so someone else can properly enjoy it instead of it being wholesaled somewhere and a 360 hp dynamic vehicle winds up being someone's cheap commuter. KBB seems to support the idea that private value is lower too...

[mjposner]

Nice car but way overvalued by owner. I have a similarly equipped M4 Vert, same exterior color, full sakhir leather and same options list, getting less than 40k offers in trade. Sure, low miles are nice (mine has 34k) but this is a mid to high 40s car w/the warranty included. Maybe he doesn't want to sell and that is why it is priced that way.

[ntg44]

OP, just trying to help out, but you’re not going to get anywhere near that on this forum. My 2 highest offers on my 17 manual M3 with 9600 miles have been from dealers with no trade in, and both have been within 1k of my asking price. Come spring, after my exhaust project is finished, I’ll most likely be going that route. I thought my efforts maintaining my car would have proven beneficial to a buyer on here, but I’m not going to give my car away.

Forum members aren’t willing to pay more for low mileage cars. They want a car with 40k miles with a bit of warranty left, maintained pristinely, with 10k or more in mods in the low to mid 40s. It’s neither good nor bad, just the reality based on what I’ve been following the last 4 months.

[Ru35ian]

Originally Posted by mjposner

Nice car but way overvalued by owner. I have a similarly equipped M4 Vert, same exterior color, full sakhir leather and same options list, getting less than 40k offers in trade. Sure, low miles are nice (mine has 34k) but this is a mid to high 40s car w/the warranty included. Maybe he doesn't want to sell and that is why it is priced that way.

What he said. I'd buy it for $44k. Literally. I'm in the market, about to go to a test drive today, so feel free to PM me. Actually looks really nice, just wish it had CP.

[icegrill]

Love the heading😂

[DPHTOY]

Originally Posted by mjposner

Nice car but way overvalued by owner. I have a similarly equipped M4 Vert, same exterior color, full sakhir leather and same options list, getting less than 40k offers in trade. Sure, low miles are nice (mine has 34k) but this is a mid to high 40s car w/the warranty included. Maybe he doesn't want to sell and that is why it is priced that way.

Originally Posted by mjposner

Nice car but way overvalued by owner. I have a similarly equipped M4 Vert, same exterior color, full sakhir leather and same options list, getting less than 40k offers in trade. Sure, low miles are nice (mine has 34k) but this is a mid to high 40s car w/the warranty included. Maybe he doesn't want to sell and that is why it is priced that way.

No offense to the owner, but it is way over priced. That is a good $6k over dealer retail and $10k more than trade. It is a nice car, but it just isn't worth $54k.

[Mandi90TT]

Originally Posted by Ru35ian

I'm currently shopping for a used M3/M4. Can someone tell me why private sellers are always $3+ thousand higher in their listing than an equitably equipped car from a dealer?

Private sellers often highly value their cars because they take serious pride of ownership and end up overvaluing it.

[mjposner]

[kevolution]

tbf, he did say obo so you guys can just offer him less..

[captain slowly]

Originally Posted by Ru35ian

I'm currently shopping for a used M3/M4. Can someone tell me why private sellers are always $3+ thousand higher in their listing than an equitably equipped car from a dealer?

I understand we all take pride in our cars, but I think I could get a 2018 refreshed model with competition for the price OP is asking.

Maybe I'm missing something, because I've only owned 2 cars (8 years each), but shouldn't the dealer sale be more expensive because there is implied warranty (if I find something wrong with the car that existed prior to sale, they'll usually fix it for free), whereas buying private is as-is (I suppose you could ask, but good luck in most cases)?

I ask because I do want to sell my 335i privately when I get my next car, so someone else can properly enjoy it instead of it being wholesaled somewhere and a 360 hp dynamic vehicle winds up being someone's cheap commuter. KBB seems to support the idea that private value is lower too...

Because most enthusiasts have an emotional relationship with the car, and therefore are unable to see it for what it is-- a car that BMW has made hundreds of thousands of. So, they have the pipe dream that someone will come along and see it the same way. Realistically, this is a mid $40k car to the right buyer. On trade its a high 30s car. As of right now, $50k will buy you a 2018 Competition from a dealer with warranty.

[THEROK]

Assuming it is as clean as described, props to the op for being such a good steward of his vehicle. There is so much dog sht in the used market here and elsewhere, it is indeed depressing to sift through the muck.

Good luck with the sale. Might I kindly suggest buying a vehicle that doesn't depreciate like a rock that is 99% of all modern M products? You're the perfect type to fully retain or increase the value of a truly prized automobile.

Thanks for sharing here. Hope you get every damn cent you think it is worth.

[noone]

Originally Posted by captain slowly

Because most enthusiasts have an emotional relationship with the car, and therefore are unable to see it for what it is-- a car that BMW has made hundreds of thousands of. So, they have the pipe dream that someone will come along and see it the same way. Realistically, this is a mid $40k car to the right buyer. On trade its a high 30s car. As of right now, $50k will buy you a 2018 Competition from a dealer with warranty.

@captain slowly - It's actually worth around 49-50k so I think the OP is spot on with opening this sale at 54.9. Offer him 49 and he will take it. I would rather buy a low mileage non lease example like this for 5k more than an off lease beater with 30k on it for 44-45k. There is a tangible difference between a garage kept car with low miles and an off lease car that someone could have cared less about that was dogged out, parked outside, door dings etc.

GLWS Bretto.

[captain slowly]

Originally Posted by noone

@captain slowly - It's actually worth around 49-50k so I think the OP is spot on with opening this sale at 54.9. Offer him 49 and he will take it. I would rather buy a low mileage non lease example like this for 5k more than an off lease beater with 30k on it for 44-45k. There is a tangible difference between a garage kept car with low miles and an off lease car that someone could have cared less about that was dogged out, parked outside, door dings etc.

GLWS Bretto.

That's why manheim grades cars. You won't get a 4.5 car with the above issues you mention. Also, I assume that since you have access to MMR, you're in the business (like me) and know that adjusted MMR means nothing other than hopes and dreams. Lets not forget in a few days this car becomes another year older, which surely doesn't help its value... anyway, just being realistic, hope the OP finds someone who appreciates the car and is willing to pay him what he wants.

[Bretto777]

Originally Posted by noone

@captain slowly - It's actually worth around 49-50k so I think the OP is spot on with opening this sale at 54.9. Offer him 49 and he will take it. I would rather buy a low mileage non lease example like this for 5k more than an off lease beater with 30k on it for 44-45k. There is a tangible difference between a garage kept car with low miles and an off lease car that someone could have cared less about that was dogged out, parked outside, door dings etc.

GLWS Bretto.

Hey guys nice to see some activity on this thread have been off the grid last several days with family in town for the holidays. I appreciate the input and feedback that all have provided both those that think it’s highly overvalued and those that can see the value. It’s only fair to provide some basis for the listing here and to provide context for those that feel its way overvalued, my opening bid at my local BMW dealer was $47,000 and they have since bumped the offer to $47,900. As you can see this is basically right in-line where the MMR, graded and mileage adjusted value is coming out on the vehicle. If my local dealer will buy it for 47,9k they will likely frontline for $56k and try to settle on a deal in the $53xxx range in-line with MMR retail. So instead of immediately jumping on the dealer offer to buy the vehicle, I have opted to take 30 days to selectively post on a few of the enthusiast forums and see if there’s someone out there that wants to pick up one of the 99.9 percentile in mileage, care and maintenance m3’s on the market for a number that makes sense for both me the current steward and the future owner. I will seriously entertain an offer with a leading 5 and we will see if there’s a deal to be had. I’m not looking to go through the hassle of selling private party unless the numbers make sense, as there is also about a $700 tax benefit if I trade at the dealer so my literal break-even bird in hand comparison is $48,600. One way or another this beautifully maintained M3 will be moving onto the next owner whether directly to another buyer via private party sale or via the dealer. Hope you all have a happy new year and great 2020!

[cotmfk]

Not sure why this thread hasn't been moved yet.

In B4 the lock.

[aerostar]

Well if anybody wants MY 2018 M3 with ZCP and 37k miles, I'll give it to you for 75k.

[MisterF80M3]

I don't see why anyone would pay over KBB for a mass-produced car.

[mjposner]

Bretto777, why is the tax savings only $700, assuming you are in Florida. An equal value car means a $2,874.00 savings which is $50,774‬ in value, which is more than you will get private party.

[Bretto777]

Originally Posted by mjposner

Bretto777, why is the tax savings only $700, assuming you are in Florida. An equal value car means a $2,874.00 savings which is $50,774‬ in value, which is more than you will get private party.

Fair question, its due to the fact that I'm going into another lease on an X3m Comp rather than purchasing. The positive equity I have in the vehicle can be rolled into the lease deal to offset the tax on the BMWNA incentives and as well as make down payment without tax, so hence the ~$700 tax benefit I mentioned. Unfortunately, FL won on taxes in my scenario.
-Bretto777

[Bretto777]

Originally Posted by MisterF80M3

I don't see why anyone would pay over KBB for a mass-produced car.

Respectively, the transaction price I am looking for (low $50's) and that I have outlined I would seriously entertain is not over KBB private party value which for the mileage and options is $50,950 midpoint and $53,120 on the high-end. Sure I have it listed at $54.9kobo but as I've stated I'm looking to entertain any and all serious offers above $50,000 and if don't find a buyer then I will gladly trade into dealer for the $47,900+ tax savings when my ordered x3m comp arrives in a month. Why should the dealer get to capture that extra equity I have in the vehicle due to mileage and condition the vehicle is in? At least that is my 2 cents. Plus I am in the unique position to be able to offer the transferable 6yr/60k mile extended warranty to the potential buyer.
-Bretto777