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      04-24-2011, 11:07 PM   #1
CurlyFatAngry
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Pre-Owned BMW Waterloo

Hey guys probably a long shot but I saw this car at BMW Waterloo and wondering if the owner is on this forum (the black grille makes it probable). Interested in this one and have a few questions.

http://crm.bmw.ca/content/preowned/v...px?VIN=E065977

Thanks.
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      04-25-2011, 12:14 AM   #2
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It's also debadged - cool. I saw this car on the lot last week when I went in for service, the grilles caught my eye.
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      04-25-2011, 09:43 AM   #3
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Quote:
Originally Posted by CurlyFatAngry View Post
Hey guys probably a long shot but I saw this car at BMW Waterloo and wondering if the owner is on this forum (the black grille makes it probable). Interested in this one and have a few questions.

http://crm.bmw.ca/content/preowned/v...px?VIN=E065977

Thanks.
Whatever you do, please don't pay that $43,000 price.
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      04-25-2011, 10:15 AM   #4
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What would be a fair price for this car?

To the OP: No worries, I'm not interested, just want to see how much the 08 are going for nowadays.
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      04-25-2011, 10:42 AM   #5
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Originally Posted by jkwan18 View Post
What would be a fair price for this car?

To the OP: No worries, I'm not interested, just want to see how much the 08 are going for nowadays.
Fair price would be $33,000.
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      04-25-2011, 11:36 AM   #6
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I hope those are the winter wheels and it comes with a nicer set for summer!

$43k is way too much.
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      04-25-2011, 11:43 AM   #7
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I take it its CPO. If you need help @ the dealer, let me know
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      04-25-2011, 12:02 PM   #8
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Quote:
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Fair price would be $33,000.
$33,000 sounds pretty low don't you think?
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      04-25-2011, 12:19 PM   #9
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The CDN black book value on that car is:

Low $33,785
High $36,350

Depending on the condition or any after market additions; a fair price would be $37-38k
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      04-25-2011, 12:24 PM   #10
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Since asking price is 43k, they will probably let it go for ~40k. With current programs on new cars I would seriously consider getting a new one. 4 years full warranty and maitenance worth money as well.
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      04-25-2011, 12:51 PM   #11
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Quote:
Originally Posted by CurlyFatAngry View Post
$33,000 sounds pretty low don't you think?
I'm going by US pricing for a 335xi. No reason why the Canadian dealer can't match it. And if they don't....then it's your call if you wanna pay $40,000 for a car you can get for 7000 less without any hassles from the US:

http://www.cars.com/go/search/detail...5&aff=national

For example: this car is LISTED for $35k. They will easily come down to $33k. Worst case $34k. And it is a CPO car from a dealership.....so don't listen to the FUD about the car being a Katrina flooded car, stolen vehicle and whatever else the Canadian dealer will throw at you.

edit: another US listing:

http://www.cars.com/go/search/detail...5&aff=national

Fully loaded and LISTED for $34k. So it can come down from 34k...to say 33k?

Now keep in mind that the Waterloo dealership will tell you that their car is very, very low mileage and that's true. But the warranty will still expire within 1 year. So even if there's a 4000-5000 kms more on the US cars, it doesn't matter because you're looking at warranty expiration within the year.

Last edited by AmericanInToronto; 04-25-2011 at 01:05 PM.
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      04-25-2011, 12:55 PM   #12
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You've got to add 6% duty to that price from the US; so add another $2k.

From my experience; dealers here won't match US pricing, especially a BMW dealer.
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      04-25-2011, 01:21 PM   #13
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Add RIV fee and other minor fees to get the car ready for use.
On top of that you have to go and get the car or pay some-one else to do that. For most people it's time off which again translates into lost money.
Also there is always a chance you will find out things you didn't expect when you see the car and then what...
CPO warranty is not accepted in Canada as far as I am aware, worth another couple grand.

I was looking into buying in states, when all said and done the difference wasn't that much, maybe $2,000. For that money I would rather have the additional piece of mind and ability to bring your car to the place you bought it if things go bad.

Just an opinion.

Quote:
Originally Posted by Bajan Loch View Post
You've got to add 6% duty to that price from the US; so add another $2k.

From my experience; dealers here won't match US pricing, especially a BMW dealer.
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      04-25-2011, 01:24 PM   #14
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+1 I agree, the price difference is not that great once you factor in your time and effort needed to get the car here.
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      04-25-2011, 01:30 PM   #15
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yea, you wont save too much money importing from the states.. however, you will save money at dutyfree =)
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      04-25-2011, 01:54 PM   #16
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Quote:
Originally Posted by Bajan Loch View Post
You've got to add 6% duty to that price from the US; so add another $2k.

From my experience; dealers here won't match US pricing, especially a BMW dealer.
I just bought a 328xi two weeks ago. USD 29,000 which was CAD 28,100 at the border.

BMW Toronto sales guy said he wouldn't sell that white/red car for less than 36-37,000. 6% duty on $28,000 is 1700.....so make that say, 6000-7,000 saved by buying in US.

And BMW dealers will match on new car pricing (also verified by personal experience) and IF they don't on used, then hey...it's your call if you wanna spend 6000-7000 more for the same car.
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      04-25-2011, 01:55 PM   #17
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Is it only 6% for duty, or you have to add 13% HST ON TOP of that?
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      04-25-2011, 01:58 PM   #18
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Quote:
Originally Posted by Alex_bm View Post
Add RIV fee and other minor fees to get the car ready for use.
On top of that you have to go and get the car or pay some-one else to do that. For most people it's time off which again translates into lost money.
Also there is always a chance you will find out things you didn't expect when you see the car and then what...
CPO warranty is not accepted in Canada as far as I am aware, worth another couple grand.

I was looking into buying in states, when all said and done the difference wasn't that much, maybe $2,000. For that money I would rather have the additional piece of mind and ability to bring your car to the place you bought it if things go bad.

Just an opinion.
Opinions are fine....but I'd really like to understand how you came up with a $2000 number? And yes, if one is not diligent in their pre-purchase inspection, things can go bad on a US vehicle AND a Canadian vehicle as well. You think the Canada dealership will be your friend just because you bought a vehicle from them? Really?

If you look at EXACT same vehicles, the US vehicle will be thousands of dollars cheaper. At least $5000. That's with 6% duty and $300 in RIV fees.

Let's wait for the OP to go and get the lowest number from the dealership here. We already know he can get the US car for USD 33,000 (CAD 31,500 by today's rate + 6% duty on 31,500 = 33390). Let's see how low the Canadian dealer goes.

Last edited by AmericanInToronto; 04-25-2011 at 02:17 PM.
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      04-25-2011, 02:00 PM   #19
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don't want to highjack this thread; it may be too late....but what other fees did you pay at the border besides Duty and HST? Did you use a broker? Or did you go and pick it up yourself? Sounds like it worked out well for you.
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      04-25-2011, 02:03 PM   #20
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Is it only 6% for duty, or you have to add 13% HST ON TOP of that?
They will convert the USD price to CAD at the border.

http://www.oanda.com/currency/converter/ (use 0% Interbank rate, that's what Customs uses).

Then they will apply 6.1% duty on the CAD purchase price.

They will also apply 5% GST on the CAD purchase price.

Also $100 AC fee.

That's the total to be paid at the border.

Then $220 for RIV and 8% of the CAD purchase price at MTO when registering the vehicle.
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      04-25-2011, 02:08 PM   #21
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Quote:
Originally Posted by Bajan Loch View Post
don't want to highjack this thread; it may be too late....but what other fees did you pay at the border besides Duty and HST? Did you use a broker? Or did you go and pick it up yourself? Sounds like it worked out well for you.
There's no need to use a broker, the process is so simple that I could do it all even with my busy job. There's only ONE main thing to keep in mind: you need the recall documentation to present to RIV and since every Canadian should be buying from a BMW dealer (for peace of mind), there will be NO problem in obtaining this documentation from the US dealer.

Other than that....I faced no harassment from US Customs or Canada customs, it was really simple.

OP: I don't mean to hijack this thread. But I listed you two US cars to understand how they sell CPO (non-transferable to Canada btw) cars at BMW dealerships for waaaaaay lesser. You should see what makes you comfortable and decide where to buy accordingly.

In my case, I wanted white/red 328xi and there was none in Canada and two in the US. A N52 motor (328) is stable for me not to want CPO but a N54(335) might not be. So do your analysis but be well-informed in whatever you do.

The Canadian dealer I was talkign to before going to the US threw a whole lot of FUD at me: cars in US are Katrina flooded, they will all breakdown after crossing into Canada, that I will be on my own, that there will be no resale value to a US car (as if i can't do private party sale lol!)......even if you buy in Canada, don't pay more than 35-36,000. Period.
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      04-25-2011, 02:36 PM   #22
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Great info here from everyone thanks. Yeah I know getting a car from the US is always tempting and there're quite a few threads out there on how to do it, it's just too risky for me when doing a $35,000+ purchase.
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