Quote:
Originally Posted by sickem
Hey All,
so I'm looking at a AW on black 2008 RWD E90 335i with ZSP, ZPP, and ZCW with about 30K mi on it. It is a CPO from a dealership near me. They are asking $34,995. Anyone have any thoughts on how much wiggle room there would be? I would like to try and get him below 30K, but this is somewhat arbitrary at this point. What are your thoughts?
Has anyone purchased a similar car recently? If so, what was the "sticker" and what did you end up paying?
Thanks in advance!!!
-sickem
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The Galves trade-in (wholesale) value on that car is:
$22,500 Base Price for a 2008 E90 335i
- $650 without auto transmission
+ $750 Sport Package
+ $650 mileage adjustment for 30k miles (base mileage is 35k)
= $ 23,250 Trade-In / Wholesale Value
+ $ 1,450 for minor dealer reconditioning (new tires, brake pads, etc.), this is applicable on a CPO vehicle.
= $24,700 "Market Ready" wholesale value. This is an accurate starting point for your CPO car negotiations. Galves is the used car pricing guide that dealers in the Northeast use to determine their maximum offers on customer trade-ins (
www.galves.com).
+ $2,000 (estimate) for the 2 year/50,000 mile CPO warranty + a fair mark-up for dealer overhead, and profit.
What constitutes a "fair mark-up" is up to you, but I think it should be no more than 10% for a BMW dealer’s overhead & profit on a CPO car. In other words, your instinct is right not to pay over $30,000 for the car (BEFORE any shell game the dealer will try to play on a trade-in).
Good luck.