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06-21-2009, 10:13 PM | #1 |
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Feeler: 2008 E93 M3 (Melbourne Red) MT
Well, I'm living in downtown Chicago now -- barely even drive the car more than once a week (sometimes less than that). So at this point, I'm pretty certain I want to part with the car. Car is in GREAT condition -- never tracked, no mods (besides tint, which is F1 Pinnacle 15% and done VERY well, and removable). -2008 Melbourne Red E93 M3 Convertible -- 15% tint (will remove for you if desired) -6750 miles (have owned it for 10 months -- and the past two months besides the long drive between DC and Chicago, I've only driven it 300 miles). -Followed standard BMW break-in procedures (on everything). -Never tracked, no mods (minus tint). Garaged, clayed, washed every week. -Melbourne Red / Black Leather (not extended) / Carbon Leather trim. -Premium Package -Cold Weather Package (minus Headlight Washers) -Navigation -19" Wheels WITH wheel AND tire insurance package -Premium Audio w/ Sirius Package -BMW Assist / Integrated Phone -Manual Transmission Car is absolutely stunning. Sticker price was ~$77k and fully optioned minus the headlight washers and rear parking camera. If you add in the 19" wheels and wheel/tire insurance.. the car is going to be over $80k sticker. Not sure what a reasonable price for it would be -- given the incentives BMW is giving on remaining inventory (though, with 6500 miles, it's still DAMN new). KBB states $66k private party. NADA is coming in around $67k. Both are estimating around $63k trade-in. Would like to see myself get at least $63-$64k for it. Thoughts?
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gone: 2015 M4, 2015 335i, 2012 Turbo S, 2008 M3, 2004 M3, 2003 330xi Last edited by guarnibl; 06-25-2009 at 08:50 PM.. |
06-25-2009, 08:50 PM | #2 |
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I'm certain I want to get rid of the car. What do you guys think I should list it at? It's fully loaded. MSRP was based without 19" wheels too, since I had added those from another car (told them I would not buy it unless it had that option). Seems like average trade-in for my car is around $62k (estimated is higher, but "AVERAGE" trade from what I've seen is more realistic).
So if the average person is getting around $62k given the options for TRADE -- what do you guys think as far as listing it for private party? $65k? $66k?
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06-25-2009, 11:55 PM | #3 |
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Dealers really dont pay trade-in value on these, especially in this economy. Most dealers will give you Manheim auction price which is anywhere from $52 to $57k - $57k being for a fully loaded, mint conv like yours.
The only time dealer might come closer to NADA or KBB Trade-in value is if you're buying a car from them where they're still making money. |
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06-28-2009, 08:30 AM | #5 | |
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What do you guys suggest as far as private party listing? Have you guys had success with Auto Trader? If I can squeeze out $65k out of private party, that would be ideal, as it would let me get that $20k number down closer to that $10k.. which is the difference I was shooting for. But looking at other cars priced from dealers around here.. even '08 loaded convertibles are going for $63k retail.. ugh. Strange to me that the fully loaded coupes are going for nearly the same price. Guess they're probably harder to sell because of the weight. Given that, I would expect to get closer to that $58-$59k trade in... the cars were pretty loaded, but not quite as much as mine @ $63k. Not sure how much profit they usually expect to make on the car.
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gone: 2015 M4, 2015 335i, 2012 Turbo S, 2008 M3, 2004 M3, 2003 330xi Last edited by guarnibl; 06-28-2009 at 08:46 AM.. |
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06-28-2009, 01:24 PM | #6 |
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Just to give you an idea here, here is a conv going for $57999
http://seattle.craigslist.org/see/ctd/1242395897.html Notice the MSRP was over $79k - So if these guys are selling it for $57999, doubt they paid much more than $54k .... |
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06-28-2009, 03:44 PM | #7 |
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Market is changing for the better IMO, but people are still used to the killer deals of just a few weeks ago, but they're no more. They're still great deals, but nothing like the $15K below MSRP I was referring to.
I don't think it's a great time to sell for that reason, but your best bet by far is to sell on your own (you can list it on Ebay 4 times without charge), and follow a few auctions to a close to see what's the present value of your car, and based on that, make the decision to buy or not. If you were to trade you'd lose your proverbial a$$, so glad you're not on a bind. Good luck man, and sorry to see you go. As a final comment, I'm going to drive my car even less than you per year, but will keep it for a long time. You should reconsider, unless you have something else in mind. |
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06-28-2009, 10:42 PM | #8 | |
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The one linked to in Seattle is a fantastic deal. $58k - car doesn't have wheel/tire package and has 4k more miles than mine (though, not sure that makes much of a difference). But yeah, damn. So figure $59k with wheel/tire package. So yeah, that would put a trade around $55k. That's crazy low. Hopefully we see slower depreciation since the market is improving a bit. Unfortunately, with the 2010's coming, I don't think that will happen.
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