What would you pay for this E90?

Hammerfang · 12-17-2009, 01:04 PM

BIMMERPOST / Classifieds

Asking Price:

None

Item Interest

Hi guys, I am about to purchase my first on my own and found a nice 2007 CPO 328xi with a 6-speed stick and ~31,700 miles. The car is white with a black interior and dark wood trim. It was put into service in November 2006 and in pretty good shape, just a small dent on the bottom of the rear bumper and the interior smells like someone may have smoked in it but I'm not sure if it is just some leather cleaner they put it. The car has the following options:

Sport Package
Premium Package
Heated Seats
Comfort Access
Parking Assist
Navigation
iPod Kit

The dealer wants $29,900 for the car. I check KBB and the value is probably somewhere between $24,000 and $24,500. My family has bought a few cars for this dealership before, including a car from the salesman we are dealing with. Over the summers of my college years I worked as a car porter at the dealership and my parents are friends with one of the guys who runs the place.

I was just pre-approved for the 48 month 0.9% and 60 month 2.9% financing special that BMW NA is offering. My question is what do you think I should offer for the car? My dad said I should start off at $25,000 and work my way up. The car just came in and it's get towards the end of the month and end of the year so I am thinking they would be more willing to make a deal. Do you think I could reasonably get it for ~$26,500.

Thanks for any suggestions you guys might have, it's a little nerve racking for me since this is my first time buying a car on my own.

Thanks,

Dan

noro · 12-17-2009, 01:08 PM

What is the trade-in value for the car? I would aim ~3-4K over that amount. Basically ~2K to CPO and 1-2K dealer profit. This is a sellers market so you should be able to snatch it for less than the KBB/Edmunds retail price.

Hammerfang · 12-17-2009, 01:17 PM

according to KBB the MRSP for a CPO car should be 32,785! I'm thinking if they got the car for $24,000 + $2,000 CPO cost and $1,000 dealer profit puts me at $27,000.

noro · 12-17-2009, 01:25 PM

Ok sounds like that is the approximate mark. It all comes down to how desperate you are to get it and how desperate they are to sell it. If you found something you really like I wouldn't go nuts over 500 bucks.

There are really 2 ways to approach it, you can either shoot the 25000 figure and work your way up, which can be exhausting. Dealers are good at negotiating they do it day in and day out. Or you can determine what is the right price for the car in your head and give them the numbers with no negotiating.

Hammerfang · 12-17-2009, 01:26 PM

Cool thanks for the advice

Bulldog 6 · 12-17-2009, 01:32 PM

Try edumunds.com to get the true market value

Memphis1 · 12-17-2009, 01:33 PM

$32,785

http://www.kbb.com/KBB/UsedCars/Pric...1740880%7Ctrue

Hammerfang · 12-17-2009, 01:37 PM

Quote:

Originally Posted by memphis2012

$32,785

http://www.kbb.com/KBB/UsedCars/Pric...1740880%7Ctrue

Saw that, do you think trying to get it for $27k is unreasonable?

Zero.7 · 12-17-2009, 01:53 PM

Quote:

Originally Posted by Hammerfang

Saw that, do you think trying to get it for $27k is unreasonable?

I don't think that is unreasonable at all. There is a dent on the bumper and the interior just doesn't smell right. Personally, I would not purchase a car that has been smoked in. But, why start high when negotiating? As you dad said, start around $25K and see what happens. The worse thing that can happen is that they'll say no. And, always be willing to walk away. They'll always call you back. Of course, the one risk you run into when waiting it out is the car may get sold to someone else.

Hammerfang · 12-17-2009, 02:02 PM

I'm not going to be heartbroken if the car gets sold. It is the only manual cpo 3-series on their lot and the one of only a very few with in a close distance to be, bu honestly the auto would be a better choice for me over the long-term since my gf doesn't know how to drive stick.

mrCBR600 · 12-17-2009, 02:27 PM

Galves, which most dealerships use as it is based more off of auction prices, which is where they get their trade in value, is $20,325, and market ready value is $21,725. It is very difficult to get a dealer to get close to these prices, but it is your base point like others have said $20k + $2k CPO + $1-2k profit...

pruettfan · 12-17-2009, 02:39 PM

Aside from price make them send it to a detailer to get the smoke smell removed. It can be done but can be costly. I think 27 k is the most I would pay for this car. I paid 24k for a 2006 330i with similar equipment and miles in July.

Hammerfang · 12-17-2009, 02:40 PM

Do you guys think it's a good idea to get a 1 month subsrciption to Galves?

edit: if it make any difference I believe the car was either a direct trade in to the dealer or a lease return to the dealer, I'm not sure if they bought it at auction

Hammerfang · 12-17-2009, 02:41 PM

Quote:

Originally Posted by pruettfan

Aside from price make them send it to a detailer to get the smoke smell removed. It can be done but can be costly. I think 27 k is the most I would pay for this car. I paid 24k for a 2006 330i with similar equipment and miles in July.

Would the removal of the smell be permanent or just temporary?

burberry · 12-17-2009, 02:42 PM

I would say around 24g's too.

Memphis1 · 12-17-2009, 02:44 PM

just be like, "I don't NEED the car, I want the car. my best offer is $26k because of this and that, take it or leave it" or tell them to fix the bumper, give it a good cleaning to get the smell out, after all it's a CPO, and if they do that repeat the sentence but offer $27k."

Hammerfang · 12-17-2009, 02:47 PM

Cool thanks guys

Zero.7 · 12-17-2009, 02:51 PM

Quote:

Originally Posted by Hammerfang

I'm not going to be heartbroken if the car gets sold. It is the only manual cpo 3-series on their lot and the one of only a very few with in a close distance to be, bu honestly the auto would be a better choice for me over the long-term since my gf doesn't know how to drive stick.

I have heard this argument before from other fanatics, who later really regretted their decision. Buy the car for you, NOT your GF (who knows if she'll be around). I am biased of course, b/c I love driving 6MT. IMO, it's more engaging than auto transmissions. I am sure I'll get arguments from the DCT/Steptronic owners, but again, that's just my opinion.

noro · 12-17-2009, 02:54 PM

^+1

You can teach your g-friend to drive stick, you can't teach your BMW to be a manual.

Hammerfang · 12-17-2009, 02:56 PM

Quote:

Originally Posted by noro

^+1

You can teach your g-friend to drive stick, you can't teach your BMW to be a manual.

Hello new sig quote!

Derek Zoolander · 12-17-2009, 03:16 PM

Never make car decisions with respect to a "girlfriend."

goodstuff448 · 12-17-2009, 03:20 PM

Quote:

Originally Posted by Bulldog 6

Try edumunds.com to get the true market value

+1 I have always bought my car within the tmv value stated on edmunds new or not.

12-17-2009, 01:04 PM	#1
Hammerfang Private First Class 15 Rep 159 Posts Drives: 2017 F31 330i M-sport Join Date: Apr 2006 Location: NJ iTrader: (0)	What would you pay for this E90? BIMMERPOST / Classifieds Asking Price: None Item Interest Hi guys, I am about to purchase my first on my own and found a nice 2007 CPO 328xi with a 6-speed stick and ~31,700 miles. The car is white with a black interior and dark wood trim. It was put into service in November 2006 and in pretty good shape, just a small dent on the bottom of the rear bumper and the interior smells like someone may have smoked in it but I'm not sure if it is just some leather cleaner they put it. The car has the following options: Sport Package Premium Package Heated Seats Comfort Access Parking Assist Navigation iPod Kit The dealer wants $29,900 for the car. I check KBB and the value is probably somewhere between $24,000 and $24,500. My family has bought a few cars for this dealership before, including a car from the salesman we are dealing with. Over the summers of my college years I worked as a car porter at the dealership and my parents are friends with one of the guys who runs the place. I was just pre-approved for the 48 month 0.9% and 60 month 2.9% financing special that BMW NA is offering. My question is what do you think I should offer for the car? My dad said I should start off at $25,000 and work my way up. The car just came in and it's get towards the end of the month and end of the year so I am thinking they would be more willing to make a deal. Do you think I could reasonably get it for ~$26,500. Thanks for any suggestions you guys might have, it's a little nerve racking for me since this is my first time buying a car on my own. Thanks, Dan
	Appreciate 0 Tweet Quote

12-17-2009, 01:08 PM	#2
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	What is the trade-in value for the car? I would aim ~3-4K over that amount. Basically ~2K to CPO and 1-2K dealer profit. This is a sellers market so you should be able to snatch it for less than the KBB/Edmunds retail price. __________________ zhpregistry.net - ZHP stats and free classifieds.
	Appreciate 0 Quote

12-17-2009, 01:17 PM	#3
Hammerfang Private First Class 15 Rep 159 Posts Drives: 2017 F31 330i M-sport Join Date: Apr 2006 Location: NJ iTrader: (0)	according to KBB the MRSP for a CPO car should be 32,785! I'm thinking if they got the car for $24,000 + $2,000 CPO cost and $1,000 dealer profit puts me at $27,000.
	Appreciate 0 Quote

12-17-2009, 01:25 PM	#4
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	Ok sounds like that is the approximate mark. It all comes down to how desperate you are to get it and how desperate they are to sell it. If you found something you really like I wouldn't go nuts over 500 bucks. There are really 2 ways to approach it, you can either shoot the 25000 figure and work your way up, which can be exhausting. Dealers are good at negotiating they do it day in and day out. Or you can determine what is the right price for the car in your head and give them the numbers with no negotiating. __________________ zhpregistry.net - ZHP stats and free classifieds.
	Appreciate 0 Quote

12-17-2009, 01:26 PM	#5
Hammerfang Private First Class 15 Rep 159 Posts Drives: 2017 F31 330i M-sport Join Date: Apr 2006 Location: NJ iTrader: (0)	Cool thanks for the advice
	Appreciate 0 Quote

12-17-2009, 01:32 PM	#6
Bulldog 6 The Logistician 69 Rep 799 Posts Drives: 2022 230i M-Sport Join Date: Feb 2007 Location: Richmond, VA iTrader: (0) Garage List 2007 328i E90 [0.00]	Try edumunds.com to get the true market value
	Appreciate 0 Quote

12-17-2009, 01:33 PM	#7
Memphis1 Lieutenant Colonel 90 Rep 1,838 Posts Drives: Z4 SDrive 35i Join Date: Oct 2009 Location: CT iTrader: (0)	$32,785 http://www.kbb.com/KBB/UsedCars/Pric...1740880%7Ctrue __________________
	Appreciate 0 Quote

12-17-2009, 02:02 PM	#10
Hammerfang Private First Class 15 Rep 159 Posts Drives: 2017 F31 330i M-sport Join Date: Apr 2006 Location: NJ iTrader: (0)	I'm not going to be heartbroken if the car gets sold. It is the only manual cpo 3-series on their lot and the one of only a very few with in a close distance to be, bu honestly the auto would be a better choice for me over the long-term since my gf doesn't know how to drive stick.
	Appreciate 0 Quote

12-17-2009, 02:27 PM	#11
mrCBR600 Private First Class 6 Rep 169 Posts Drives: 2007 e90 Join Date: Jan 2008 Location: PNW iTrader: (1)	Galves, which most dealerships use as it is based more off of auction prices, which is where they get their trade in value, is $20,325, and market ready value is $21,725. It is very difficult to get a dealer to get close to these prices, but it is your base point like others have said $20k + $2k CPO + $1-2k profit...
	Appreciate 0 Quote

12-17-2009, 02:39 PM	#12
pruettfan Brigadier General 1622 Rep 3,402 Posts Drives: 2017 M2, LBB, DCT, Exec Join Date: Jul 2009 Location: Chandler, AZ iTrader: (0)	Aside from price make them send it to a detailer to get the smoke smell removed. It can be done but can be costly. I think 27 k is the most I would pay for this car. I paid 24k for a 2006 330i with similar equipment and miles in July.
	Appreciate 0 Quote

12-17-2009, 02:40 PM	#13
Hammerfang Private First Class 15 Rep 159 Posts Drives: 2017 F31 330i M-sport Join Date: Apr 2006 Location: NJ iTrader: (0)	Do you guys think it's a good idea to get a 1 month subsrciption to Galves? edit: if it make any difference I believe the car was either a direct trade in to the dealer or a lease return to the dealer, I'm not sure if they bought it at auction
	Appreciate 0 Quote

12-17-2009, 02:42 PM	#15
burberry Caffeine Addict 46 Rep 1,987 Posts Drives: E93 M3 Join Date: Nov 2009 Location: Brooklyn, NY iTrader: (3)	I would say around 24g's too. __________________ '07 E90 335xi ► '09 E90 335i ► '08 E93 M3 ► ???
	Appreciate 0 Quote

12-17-2009, 02:44 PM	#16
Memphis1 Lieutenant Colonel 90 Rep 1,838 Posts Drives: Z4 SDrive 35i Join Date: Oct 2009 Location: CT iTrader: (0)	just be like, "I don't NEED the car, I want the car. my best offer is $26k because of this and that, take it or leave it" or tell them to fix the bumper, give it a good cleaning to get the smell out, after all it's a CPO, and if they do that repeat the sentence but offer $27k." __________________
	Appreciate 0 Quote

12-17-2009, 02:47 PM	#17
Hammerfang Private First Class 15 Rep 159 Posts Drives: 2017 F31 330i M-sport Join Date: Apr 2006 Location: NJ iTrader: (0)	Cool thanks guys
	Appreciate 0 Quote

12-17-2009, 02:54 PM	#19
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	^+1 You can teach your g-friend to drive stick, you can't teach your BMW to be a manual. __________________ zhpregistry.net - ZHP stats and free classifieds.
	Appreciate 0 Quote

12-17-2009, 03:16 PM	#21
Derek Zoolander Banned 90 Rep 1,873 Posts Drives: 09 E90 M-Sport Join Date: Aug 2009 Location: Nashua, NH iTrader: (0)	Never make car decisions with respect to a "girlfriend."
	Appreciate 0 Quote