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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > Dealer accepted my first offer.



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      05-16-2012, 02:44 PM   #1
peter_zhang
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Dealer accepted my first offer.

It's true. There's no satisfaction when the dealer accepts the your first "low ball" offer. 2008 328xi coupe with 38k miles for $23k (kbb trade-in is this same price). Proceed with the purchase? I feel like I could get it lower.
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      05-16-2012, 03:14 PM   #2
SpunkyXL
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Quote:
Originally Posted by peter_zhang View Post
It's true. There's no satisfaction when the dealer accepts the your first "low ball" offer. 2008 328xi coupe with 38k miles for $23k (kbb trade-in is this same price). Proceed with the purchase? I feel like I could get it lower.
I just got a 2007 335i coupe w/21k mileage (Clean VIN) for $25k..I'm sure you can get a 328xi for lower
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      05-16-2012, 06:11 PM   #3
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Kbb is usually 2-3k higher
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      05-16-2012, 06:55 PM   #4
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In the future, don't ever use Edmunds, KBB, NADA, etc., for used car values or you'll pay too much. Dealers generally pay Galves WHOLESALE (trade-in) values. The Galves values are significantly lower in most cases. If the dealer bought the car at auction instead of taking it in on a trade, they paid a little more than Galves. Once you know the Galves value of the used car you're interested in, add $ for minor reconditioning (new tires, brake pads, etc.), $ for CPO (if applicable) and work up a fair offer from there. Working down from KBB or dealer retail is a sure way to get ripped off on a used car purchase.
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      05-16-2012, 07:26 PM   #5
peter_zhang
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Yeah. That's the feeling I was getting. To use Galves. As I have no access to manheim.

Thanks for the feedback/advice!
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