Buying a "new" 2007 335i?

RyanDe680 · 03-17-2008, 02:56 PM

We found a new 335i sedan with an M-tech package on the car. They are willing to give it to me at invoice.

The catch is that it is a 2007 and has 13 miles. While I am okay with the 13 miles, is there a negative way that the 2007 would effect the pricing of the vehicle?

For example, if I say that it is a 2007, it is assumed that it is a 1 year old vehicle.

Opinions?

slalomfever · 03-17-2008, 03:05 PM

buying or leasing?

if you are buying it, then yes, you would have to live with the fact that the car has already depreciated. in addition, make sure that the car was never reported to BMW NA as a sold unit. if this was already reported, the warranty started the day the car was reported...not fair to you. also, if it was reported, you can get them to sell it to you under invoice since they already got the added value" money for it.

if you are leasing it, the residual is pretty good on a 2 year lease.

RyanDe680 · 03-17-2008, 03:10 PM

This would be a purchase.

Also, the car has never been titled. This particular dealer has a few 2007's in stock.

Crazy Bimmer · 03-17-2008, 03:15 PM

How much under invoice would it make the 07 be worth it?

STE92VE · 03-17-2008, 04:07 PM

Check the build date.....

BK · 03-17-2008, 04:37 PM

In a year, say you put 12,000 miles on it. It's now March 2009. Would you rather buy a 2008 335i with 12K miles, or a 2007 335i with 12K miles? The 2007 model, even with the same mileage, is worth thousands less. So, yes - there's a significant impact to resale value.

Kruz · 03-17-2008, 04:48 PM

Depending on when in 2007 it was built, it may lack some of the mid year (March) production changeovers.

Offhand I recall the following changes:
-2 more steering wheel buttons added?
-6 touch sensitive programmable dashboard buttons
-Newer design fuelpumps (unverified)

There may be more....do a search. That said, these differences could theoretically make a difference in value.

Kruz · 03-17-2008, 04:52 PM

Quote:

Originally Posted by BK

In a year, say you put 12,000 miles on it. It's now March 2009. Would you rather buy a 2008 335i with 12K miles, or a 2007 335i with 12K miles? The 2007 model, even with the same mileage, is worth thousands less. So, yes - there's a significant impact to resale value.

But he's talking about 13 miles here.

Even with your example, you have to consider that the 08 has been driven much more frequently while the 07 with equal miles is likely someone's weekend car.

halfpast3 · 03-17-2008, 05:06 PM

You shouldn't pay invoice. You should check KBB or NADA (which ever your region uses) and see what a Used 2007 would be worth. I understand it is not used but the depreciation has occured nonetheless. Also, even though it is not "titled" I'm willing to bet that slalomfever is right and the car has been reported sold to BMWNA, in which case the warranty is triggered and you'll end up getting less.

slalomfever · 03-17-2008, 05:28 PM

Quote:

Originally Posted by RyanDe680

This would be a purchase.

Also, the car has never been titled. This particular dealer has a few 2007's in stock.

a car can be reported to BMW NA even if it has never been titled. I would go the extra mile and do your "due diligence" especially knowing that this is a purchase and not a lease.

Quote:

Originally Posted by Crazy Bimmer

How much under invoice would it make the 07 be worth it?

We have sold "reported" cars for $1000 under invoice. for resale value purposes, remember that a trade-in for a 2007 is worth about 4k-5k under dealer invoice.

karliejai · 03-17-2008, 05:59 PM

ask him for like 2 - 4 k under invoice

BK · 03-17-2008, 08:06 PM

Quote:

Originally Posted by Kruz

But he's talking about 13 miles here.

Even with your example, you have to consider that the 08 has been driven much more frequently while the 07 with equal miles is likely someone's weekend car.

To be clear, I'm saying in March 2009 -- a year from now -- he may have put around 12K miles on it.

Alternatively, he could get a 2008 model now, and have the same 12K miles on it a year from now.

The 2008 will be worth thousands of dollars more, with the same mileage and purchased brand new at the same time. That's what I was trying to say.

335Transformer · 03-17-2008, 10:01 PM

Depreciation is approx $500 mo. So you are already down 6K (assuming you sell it yourself a week later). Now a dealer offers warranty and stuff so it is worth about 4 or 5K off sticker IMO.

cooldude · 03-17-2008, 10:27 PM

true
ask for kbb retail for 07.
and also bargain for 100k mi warranty.

its a old car he has to sell it to you today or tomorrow it will become more.
its your call

Crazy Bimmer · 03-17-2008, 11:01 PM

They wouldnt go lower than $1300 off invoice. We walked out.

JChan · 03-17-2008, 11:36 PM

Quote:

Originally Posted by Kruz

Depending on when in 2007 it was built, it may lack some of the mid year (May) production changeovers.

Offhand I recall the following changes:
-2 more steering wheel buttons added?
-6 touch sensitive programmable dashboard buttons
-Newer design fuelpumps (unverified)

There may be more....do a search. That said, these differences could theoretically make a difference in value.

its a march production change over.

sk8erfox805 · 03-17-2008, 11:40 PM

Quote:

Originally Posted by Crazy Bimmer

They wouldnt go lower than $1300 off invoice. We walked out.

if they want to sell it, they will call. patience is money

Crazy Bimmer · 03-17-2008, 11:43 PM

Even so, BMW is offering 3.9% on 08 models.

I see no reason to go for that 07 left over then unless they went 3k under invoice.

Which wouldnt happen and buying a new 08 seems to be the better either way.

03-17-2008, 02:56 PM	#1
RyanDe680 Investor Relations 60 Rep 221 Posts Drives: 2018 M3 ZCP Join Date: Jul 2006 Location: Western Springs, IL iTrader: (0)	Buying a "new" 2007 335i? We found a new 335i sedan with an M-tech package on the car. They are willing to give it to me at invoice. The catch is that it is a 2007 and has 13 miles. While I am okay with the 13 miles, is there a negative way that the 2007 would effect the pricing of the vehicle? For example, if I say that it is a 2007, it is assumed that it is a 1 year old vehicle. Opinions?
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03-17-2008, 03:05 PM	#2
slalomfever 1095 Rep 2,151 Posts Drives: Nardo Grey F80 Join Date: Mar 2007 Location: Long Island, NY iTrader: (5)	buying or leasing? if you are buying it, then yes, you would have to live with the fact that the car has already depreciated. in addition, make sure that the car was never reported to BMW NA as a sold unit. if this was already reported, the warranty started the day the car was reported...not fair to you. also, if it was reported, you can get them to sell it to you under invoice since they already got the added value" money for it. if you are leasing it, the residual is pretty good on a 2 year lease.
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03-17-2008, 03:10 PM	#3
RyanDe680 Investor Relations 60 Rep 221 Posts Drives: 2018 M3 ZCP Join Date: Jul 2006 Location: Western Springs, IL iTrader: (0)	This would be a purchase. Also, the car has never been titled. This particular dealer has a few 2007's in stock.
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03-17-2008, 03:15 PM	#4
Crazy Bimmer The Jesal 391 Rep 5,859 Posts Drives: E90 M3 Join Date: Nov 2005 Location: Chicago IL iTrader: (20) Garage List 2009 BMW M3 [0.00]	How much under invoice would it make the 07 be worth it? __________________ 2009 E90 M3 - SOLD
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03-17-2008, 04:07 PM	#5
STE92VE STEVIL Empire 213 Rep 6,297 Posts Drives: Fast Join Date: May 2006 Location: Long Island, NY iTrader: (0)	Check the build date..... __________________ 2007 E92 328i 6MT-Space Gray/Black Dakota/Gray Poplar w/heated seats-PCD 4/27/07 (SOLD) 2009 E90 328i xDrive 6AT-Space Gray/Oyster Dakota/Dark Burl Walnut w/ZPP,ZCW,Xenons-ED 4/17/09 - Redelivery 5/30/09 (SOLD) 2014 E84 xDrive28i 8AT-Alpine White/Black Nevada/Silver Matte w/ZMV,ZLP,494 - DD 3/14/14 (SOLD)
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03-17-2008, 04:37 PM	#6
BK Smiling politely 165 Rep 7,931 Posts Drives: 330i Join Date: Feb 2006 Location: Washington DC iTrader: (0) Garage List 2006 330i [9.00]	In a year, say you put 12,000 miles on it. It's now March 2009. Would you rather buy a 2008 335i with 12K miles, or a 2007 335i with 12K miles? The 2007 model, even with the same mileage, is worth thousands less. So, yes - there's a significant impact to resale value. __________________ E90 330i Black Sapphire 6MT \| 991.1 C4 Platinum Silver 7MT
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03-17-2008, 04:48 PM	#7
Kruz Major 22 Rep 1,083 Posts Drives: 2021 M2C 6MT Join Date: Jun 2007 Location: Chicagoland iTrader: (4) Garage List My garage spot [0.00] 07/07 BMW 335xi [8.50] 2001 Honda CBR600F4i [0.00] 2007 Husqvarna SM610 [0.00] 2004 Chevy Tahoe Z71 [0.00] 2005 Harley Davidso ... [0.00] 2007.9 335xi [6.50]	Depending on when in 2007 it was built, it may lack some of the mid year (March) production changeovers. Offhand I recall the following changes: -2 more steering wheel buttons added? -6 touch sensitive programmable dashboard buttons -Newer design fuelpumps (unverified) There may be more....do a search. That said, these differences could theoretically make a difference in value. __________________ 2021 BMW M2 Competition, BSM, Exec Pkg, 6MT GONE:07/07 E90 335xi SG Black Dakota\|Alum\|ZSP\|2AB\|ZPP\|ZCW\|Nav\|CA\|6FL\|PDC\| Blacklines\|3M Summers: 235/40/18 265/35/18 Hankook Ventus V12 on VMR 701s A/S: 225/40/18 255/35/18 Pirelli PZero Nero M+S on OEM 162s Last edited by Kruz; 03-18-2008 at 09:10 AM..
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03-17-2008, 05:06 PM	#9
halfpast3 Second Lieutenant 8 Rep 232 Posts Drives: MY16 535i Join Date: Jan 2008 Location: SoCal iTrader: (0) Garage List 2008 335i [0.00]	You shouldn't pay invoice. You should check KBB or NADA (which ever your region uses) and see what a Used 2007 would be worth. I understand it is not used but the depreciation has occured nonetheless. Also, even though it is not "titled" I'm willing to bet that slalomfever is right and the car has been reported sold to BMWNA, in which case the warranty is triggered and you'll end up getting less.
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03-17-2008, 05:59 PM	#11
karliejai Da Kid 121 Rep 4,576 Posts Drives: JetBlack e90 335i Join Date: Mar 2007 Location: USA iTrader: (4)	ask him for like 2 - 4 k under invoice __________________ MODS: OEM Front Splitter \| ACS Roof Spoiler \| OEM Trunk Spoiler \| Matt Black Front Grill \| Black Shadowline Window Trim \| Painted Front Lower Rod \| Blacklines \| JDM Yellow Fogs \| Custom Silver CF Headlights with LUX 4.0 \| Eisenhaus Sports Exhaust
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03-17-2008, 10:01 PM	#13
335Transformer Captain 45 Rep 795 Posts Drives: Forecast: Sunny Join Date: May 2007 Location: Florida iTrader: (0)	Depreciation is approx $500 mo. So you are already down 6K (assuming you sell it yourself a week later). Now a dealer offers warranty and stuff so it is worth about 4 or 5K off sticker IMO. __________________
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03-17-2008, 10:27 PM	#14
cooldude Lieutenant 27 Rep 518 Posts Drives: Bmw 335i Join Date: Mar 2008 Location: Charlotte iTrader: (0)	true ask for kbb retail for 07. and also bargain for 100k mi warranty. its a old car he has to sell it to you today or tomorrow it will become more. its your call
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03-17-2008, 11:01 PM	#15
Crazy Bimmer The Jesal 391 Rep 5,859 Posts Drives: E90 M3 Join Date: Nov 2005 Location: Chicago IL iTrader: (20) Garage List 2009 BMW M3 [0.00]	They wouldnt go lower than $1300 off invoice. We walked out. __________________ 2009 E90 M3 - SOLD
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03-17-2008, 11:43 PM	#18
Crazy Bimmer The Jesal 391 Rep 5,859 Posts Drives: E90 M3 Join Date: Nov 2005 Location: Chicago IL iTrader: (20) Garage List 2009 BMW M3 [0.00]	Even so, BMW is offering 3.9% on 08 models. I see no reason to go for that 07 left over then unless they went 3k under invoice. Which wouldnt happen and buying a new 08 seems to be the better either way. __________________ 2009 E90 M3 - SOLD
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