[ssedha]

Not many to choose from out there. But most of the BMW Dealers have these over $40k mark. Some of them similar miles / pkgs, but the price difference sometimes is almost as big as $5k. You can't negotiate at Carmax, but at BMW Dealers, what's a decent price for a 2011 335is? I found one locally. Black with Red interior. 2011 and car has about 18k miles on it. He's asking $43,750 and the car IS NOT certified. Carfax tells me car was bought at an auction.
Any word of advice?

[romanonj]

High 30s (38-39) for non CPO.. CPO may be 40.. I would question why the car is not CPO'ed, and dont take it cost 3500 to do it as an answer. Dealers usually go through rigorous inspection to make sure it fits CPO criteria. Something may be off with this car that BMW wont allow to CPO it.

I have black CPO for sale for 38.5k with prepaid maintenance to 100k miles (additional 1800 that covers brakes, oil changes, tune up, DCT clutch replacement, etc). Have several tasteful upgrades too..

http://www.e90post.com/forums/showthread.php?t=868265

Could be a fun ride back to Ohio..

[romanonj]

Here is another for sale thread from Oregon.. I like that color combo even more than mine..

http://www.e90post.com/forums/showthread.php?t=875635

[ssedha]

Thanks for both. I checked out both. The color combo on the 2nd one is awesome. But the distance is quite staggering. I'd have to spend $1k just to get it shipped here.
I did take a look at your car as well, but my personal preference, I just don't like light interiors in a dark car. I would have contacted you if you had black interior I found a while one in IL. It's an 11, with less than a 1000 miles on the car. Not CPOd and the dealer wants almost $46k for it. Crazy.

I was gonna do the PenFed payment saver loan. Hence looking at the 2011, 2012 so I could keep payments a little on the lower side

[romanonj]

Originally Posted by ssedha

Thanks for both. I checked out both. The color combo on the 2nd one is awesome. But the distance is quite staggering. I'd have to spend $1k just to get it shipped here.
I did take a look at your car as well, but my personal preference, I just don't like light interiors in a dark car. I would have contacted you if you had black interior I found a while one in IL. It's an 11, with less than a 1000 miles on the car. Not CPOd and the dealer wants almost $46k for it. Crazy.

I was gonna do the PenFed payment saver loan. Hence looking at the 2011, 2012 so I could keep payments a little on the lower side

I didnt either, but its a nice combo, and you really have to see it in person. Oyster/Black interior combines best of both worlds. It has black carpet, black lower door panels. I have 6 year old, and keeping it clean has been easy. Good leather cleaner and conditioner will make it last..

Space gray and red coral is def stunning! I am selling mine to get a hardtop. Would like to see if I can find IS hardtop in that color combo..

[ssedha]

So found out that the 2011 335is wholesale values are hovering around 35k-40k. I think I'll have to buckle down. Because my current car's negative equity is close to $3k. That's about $75-$85 extra a month right there!!! Have to really think it switching a car is worth it right now or not...

[jmarino21]

If you are underwater on your car then the answer is probably no.

[romanonj]

Originally Posted by ssedha

So found out that the 2011 335is wholesale values are hovering around 35k-40k. I think I'll have to buckle down. Because my current car's negative equity is close to $3k. That's about $75-$85 extra a month right there!!! Have to really think it switching a car is worth it right now or not...

Really? Wholesale values are that high?

[ssedha]

Originally Posted by romanonj

Really? Wholesale values are that high?

Yup. Most of them are going for 35-40k depending on mileage, options etc. On top of that, the dealer markup. Gonna see if I can sell my car as private party. Even if I lose close to $1k, I'll be OK.

[romanonj]

Originally Posted by ssedha

Yup. Most of them are going for 35-40k depending on mileage, options etc. On top of that, the dealer markup. Gonna see if I can sell my car as private party. Even if I lose close to $1k, I'll be OK.

3k loss is not as bad if you trade it in and make up most of it in tax savings.. For example, if your car is worth 35k, using 7% tax bracket in NJ, would translate into $2450 in tax savings.. Something to consider..

[ssedha]

Originally Posted by romanonj

3k loss is not as bad if you trade it in and make up most of it in tax savings.. For example, if your car is worth 35k, using 7% tax bracket in NJ, would translate into $2450 in tax savings.. Something to consider..

Hmmmm. Hadn't thought of that point. That only works if you're buying right? Not leasing? For example, state of OH, you only pay for taxes on the lease amount for 36 months. Not the entire MSRP. Say I went for a 3 series that's worth 40k, and I trade my car in for 25k, I would only pay taxes for the 15k difference right? So at 6.75% tax, for a 40k car = $2700; But for the 15k = $1012. Thus giving me a savings of $1688. Thus making the loss of my car $3000 - $1688 = $1312. Am I correct in this logic? Or is it too early am and I'm still drunk for this weekend's festivities???

[romanonj]

Originally Posted by ssedha

Hmmmm. Hadn't thought of that point. That only works if you're buying right? Not leasing? For example, state of OH, you only pay for taxes on the lease amount for 36 months. Not the entire MSRP. Say I went for a 3 series that's worth 40k, and I trade my car in for 25k, I would only pay taxes for the 15k difference right? So at 6.75% tax, for a 40k car = $2700; But for the 15k = $1012. Thus giving me a savings of $1688. Thus making the loss of my car $3000 - $1688 = $1312. Am I correct in this logic? Or is it too early am and I'm still drunk for this weekend's festivities???

Not sure how it works on lease, since I never lease cars.. But my guess would be it only saves against taxes that you pay at the time of the purchase. So if you are only paying taxes on 40% of the total cost of the car, you tax savings cannot exceed that? This is just me speculating.

[ssedha]

Originally Posted by romanonj

Not sure how it works on lease, since I never lease cars.. But my guess would be it only saves against taxes that you pay at the time of the purchase. So if you are only paying taxes on 40% of the total cost of the car, you tax savings cannot exceed that? This is just me speculating.

Cool. Thanks. I had emailed a client advisor here and he told me that this tax credit only works with a purchase / lease of a new vehicle and not pre-owned. Doesn't make sense to me on how it only works on a new car and not an pre-owned one...

[DFW_M]

Originally Posted by ssedha

Yup. Most of them are going for 35-40k depending on mileage, options etc. On top of that, the dealer markup. Gonna see if I can sell my car as private party. Even if I lose close to $1k, I'll be OK.

That is ABSOLUTELY not correct.
You can find the CPOs with non excessive mileage for under $40k.
Dealer will not sell it for less than 10% profit.

The wholesale on the 2011 335is is in the low 30's.

[DFW_M]

Originally Posted by ssedha

Hmmmm. Hadn't thought of that point. That only works if you're buying right? Not leasing? For example, state of OH, you only pay for taxes on the lease amount for 36 months. Not the entire MSRP. Say I went for a 3 series that's worth 40k, and I trade my car in for 25k, I would only pay taxes for the 15k difference right? So at 6.75% tax, for a 40k car = $2700; But for the 15k = $1012. Thus giving me a savings of $1688. Thus making the loss of my car $3000 - $1688 = $1312. Am I correct in this logic? Or is it too early am and I'm still drunk for this weekend's festivities???

In MOST STATES whatever they give you on trade goes against the sale price. If you're buying a $30k car and they give you $10k on trade, you pay taxes on $20k remainder.
I traded in my IS for a new GTI and paid $0 in taxes (on $29k) and got a $6300 check (~$200 were some fees)... Saved me $2300 in taxes.

[ssedha]

Originally Posted by dr335is

In MOST STATES whatever they give you on trade goes against the sale price. If you're buying a $30k car and they give you $10k on trade, you pay taxes on $20k remainder.
I traded in my IS for a new GTI and paid $0 in taxes (on $29k) and got a $6300 check (~$200 were some fees)... Saved me $2300 in taxes.

Thanks for the reply. So are you confirming that this works on a new car only? No point in me looking for a CPO then if I can't get a tax credit with my trade-in...

[ssedha]

Originally Posted by dr335is

That is ABSOLUTELY not correct.
You can find the CPOs with non excessive mileage for under $40k.
Dealer will not sell it for less than 10% profit.

The wholesale on the 2011 335is is in the low 30's.

Hmmmm. I think out of the 30 some that are available (I'm only looking at coupes not convertibles), only a select few were actually priced at less than $40k. The best I have found was a blue one at Schaumburg. It was less than 20k miles and was priced at just around 41k. It was CPO. It has now since sold, but I would think it probably went for less than 40k.

I'd absolutely love to find a low mileage 335is (2011 or newer) that is less than $40k. Would make me getting rid of my current car a whole lot easier The whole point for me is the negative equity on my car. If that can be somehow offset a bit with the tax credit (as romanonj had suggested), then getting rid of my car would not only make sense, but it would ease the burden on my wallet a bit too

[jrs130]

Originally Posted by dr335is

In MOST STATES whatever they give you on trade goes against the sale price. If you're buying a $30k car and they give you $10k on trade, you pay taxes on $20k remainder.
I traded in my IS for a new GTI and paid $0 in taxes (on $29k) and got a $6300 check (~$200 were some fees)... Saved me $2300 in taxes.

not in Cali...I found out the hard way

[jrs130]

Originally Posted by ssedha

I'd absolutely love to find a low mileage 335is (2011 or newer) that is less than $40k.

there out there...just might take time.

I got my '11 IS for just under 40k. 28k miles, 19" 313's, NAV, heated seats, and CPO

[DFW_M]

Originally Posted by ssedha

I'd absolutely love to find a low mileage 335is (2011 or newer) that is less than $40k. Would make me getting rid of my current car a whole lot easier The whole point for me is the negative equity on my car. If that can be somehow offset a bit with the tax credit (as romanonj had suggested), then getting rid of my car would not only make sense, but it would ease the burden on my wallet a bit too

There are TWO beautiful ones listed on this board...

[DFW_M]

Originally Posted by ssedha

Thanks for the reply. So are you confirming that this works on a new car only? No point in me looking for a CPO then if I can't get a tax credit with my trade-in...

SHould also work on the CPO/used car.
Check how it works in your state.

[romanonj]

Originally Posted by ssedha

Thanks for the reply. So are you confirming that this works on a new car only? No point in me looking for a CPO then if I can't get a tax credit with my trade-in...

New or used should make no difference, as long as your state allows for tax credit based on the value of your trade in. I know that NJ, NH and PA allow that. Each state is different though.