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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) > Fair OTD Price on a CPO?



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      04-03-2013, 01:51 PM   #1
F22
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Fair OTD Price on a CPO?

CPO 2010 335i
Black/Black
M-Sport
Cold Weather
Premium
15.5k miles
6-Speed Manual

dealer is asking $38,000 - and the trade in "excellent" condition is $31k.

I called to inquire about this car early last week and threw a number at them (albeit lowball, but a number) at $33k OTD. The salesguy, who was one hell of a nice guy, respectfully skoffed at the offer, explaining their cost to CPO a vehicle, this car is "like-new" etc, etc. (the pictures do his words justice)

Since then, I've received three calls just seeing if I was still interested, and seemed willing to negotiate the pricing of the vehicle. I have a sneaky suspicion that I was closer to a fair number than originally hinted at.

So..

1.) does anyone have any insight to the cost of CPO'ing a vehicle (he claims $2k)

2.) seem like a fair deal?

I know i've started a lot of these threads but, being fairly blind to the BMW market and this being my first "major" purchase out of college, I want to be sure I'm getting a fair shake.

Thanks,

Sep
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      04-03-2013, 03:31 PM   #2
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33 is a fantastic deal otd
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      04-03-2013, 04:15 PM   #3
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i don't think that will be the final price honestly. I'm venturing to guess 35k OTD is a fair deal for both parties... no?
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      04-03-2013, 06:13 PM   #4
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I guarantee you they paid less than $30k for that car...
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      04-03-2013, 07:47 PM   #5
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How do you figure?
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      04-04-2013, 11:11 AM   #6
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Quote:
Originally Posted by dr335is View Post
I guarantee you they paid less than $30k for that car...
Exactly right. I'd bet quite a bit less.

Quote:
Originally Posted by E92desired View Post
How do you figure?
Look it up, take your pick of any site. You certainly don't have to take it or trade it in to the dealer but you'd be shocked how poor the trade in value is.

I bought mine but it makes me think leasing is a much better play on these cars. There's NO WAY this car has anything close to the residual value they are writing the leases at.
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      04-04-2013, 11:54 AM   #7
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These cars only have poor values to people on this site.
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      04-05-2013, 04:33 PM   #8
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made a firm offer of 34,550 OTD. i think that seems reasonable
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      04-05-2013, 10:28 PM   #9
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I bought a 2011 CPO 335d from a dealer here in S Florida 2 weeks ago. He gave me a copy of the CPO work which totaled about $1,800 which included new tires, new brakes and some other repair work to get it up to BMW CPO standards. I think he said they have to pay BMW something like $500 or so for the CPO certification. Hope that helps.
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      04-12-2013, 07:26 AM   #10
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Quote:
Originally Posted by jupiterfl View Post
I bought a 2011 CPO 335d from a dealer here in S Florida 2 weeks ago. He gave me a copy of the CPO work which totaled about $1,800 which included new tires, new brakes and some other repair work to get it up to BMW CPO standards. I think he said they have to pay BMW something like $500 or so for the CPO certification. Hope that helps.
But what he forgot to tell u is, he raped the guy who brought it in to him... So while the cost to bring it up to snuff was $1800... The vehicle price was at a bargain. Used car market is all about what people r willing to pay. He has no other buyers... Thats why he is chasing u. Hold ur ground on the low offer and u will be happy. I personally feel like that car is worth no more then $31k + tax + reg. remember... He is in the car sales biz, not the parking lot biz he will come down in price because the car is depreciating everyday on his lot.


If anything, spec out a new car with similar options @ truecar.com. Then if the car is 3 years old take .59% of that price and that is about where the "value" of a comparable used car should be. I like to use 20% depreciation for the first year and 10% for each year after that. If they won't bend on price... Then have them toss in something like the 5 year transferable or prorated when cancelled bmw wheel/tire insurance ($800 value) or the bmw maintenance plan ($1000 value).

Last edited by fazman; 04-12-2013 at 07:34 AM.
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      04-14-2013, 09:16 PM   #11
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just for example on how much they probably bought the car for

I sold back my 2010 128i last summer to the dealer for 24k

2 weeks later it was for sale on their site for 30+2k in fees.

its been 10 months and theyve only lowered it to 28k even though it hasnt moved

(canadian prices)
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      05-05-2013, 11:58 PM   #12
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Reasonable Offer - For you or them?

Quote:
Originally Posted by E92desired View Post
made a firm offer of 34,550 OTD. i think that seems reasonable

I've never been afraid to low-ball an offer. I'm in sales and I've had it happen so many times the other way. However, they have a 3.5 year old car with 15k miles on it. They kind of have you if you are in love with this car. You can find something similar and pay less.

Stick to your offer if you are willing to walk away. Let us know how it goes. Good luck.
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      05-06-2013, 12:56 AM   #13
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Reasonable Offer - For you or them?

Quote:
Originally Posted by E92desired View Post
made a firm offer of 34,550 OTD. i think that seems reasonable

I've never been afraid to low-ball an offer. I'm in sales and I've had it happen so many times the other way. However, they have a 3.5 year old car with 15k miles on it. They kind of have you if you are in love with this car. You can find something similar and pay less.

Stick to your offer if you are willing to walk away. Let us know how it goes. Good luck.
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      05-06-2013, 05:02 PM   #14
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I paid 33,900 for my CPO'd 2011 m-sport coupe with 40k miles. It was black with oyster interior and 6MT. I was in love. Probably over paid a little bit but it's a rare car and I got what I wanted.
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      05-07-2013, 01:12 PM   #15
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I paid 26k out the door for my 2007 E90 335i CPO back in 2010. It had 32k miles on it when I bought it.
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      05-07-2013, 03:45 PM   #16
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Below is what I paid last summer. Higher than I wanted to, but the value is what it is worth to you... Also dependent on location. Good luck!

2011 335xi CPO Metallic Black/Black
18K miles
M Sport, Premium, Convenience, Cold, Nav, H/K, Rear+Side Shade, Rear Park Distance, Sirius, iPOD/USB

Asking = $44K. OTD = $40K
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      05-15-2013, 05:41 AM   #17
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Quote:
Originally Posted by jupiterfl View Post
I bought a 2011 CPO 335d from a dealer here in S Florida 2 weeks ago. He gave me a copy of the CPO work which totaled about $1,800 which included new tires, new brakes and some other repair work to get it up to BMW CPO standards. I think he said they have to pay BMW something like $500 or so for the CPO certification. Hope that helps.
What is not mentioned is that most of that would have been replaced to sell it anyways. If BMW charges $500 to CPO it, then that would be the only overhead for them to CPO it instead of not.
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      05-16-2013, 02:47 PM   #18
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When you guys say out the door,:
do you mean tax reg and feea included in the otd price?
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      05-21-2013, 10:36 AM   #19
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2010 E90 335i xdrive, M Sport, nav, auto, CPO with 31,500 miles on it.

I paid $33k plus tax a few weeks ago.
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      05-21-2013, 11:11 AM   #20
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Mine was listed at 38.9 and got mine OTD for 35.
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      06-03-2013, 09:13 AM   #21
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Quote:
Originally Posted by thegrinchboy
Below is what I paid last summer. Higher than I wanted to, but the value is what it is worth to you... Also dependent on location. Good luck!

2011 335xi CPO Metallic Black/Black
18K miles
M Sport, Premium, Convenience, Cold, Nav, H/K, Rear+Side Shade, Rear Park Distance, Sirius, iPOD/USB

Asking = $44K. OTD = $40K
was that e92?
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      09-12-2013, 04:19 PM   #22
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Galves Trade-in price is $24850 and Galves Market Ready (wholesale auction in perfect condition) is $26,300 so these figures as reference. $1200 more with nav.
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