Don't buy a new BMW

MFKN3 · 05-08-2011, 10:04 PM

Quote:

Originally Posted by aussie_335

You are goinging to be in for a big surprise if you expect only to lose $20k in 2 years on your 335i
I have lost $65k in 2.5 years on my 335i. It is a joke

He's in the US, where 335's are like $45k and M3's are something like $50-60k

suff · 05-08-2011, 10:06 PM

Quote:

Originally Posted by MFKN3

That's why I buy slightly used private cars. Let someone else take the haircut

Same.. or dealer demo's both options seem to have served me very well to date

WOPALX · 05-08-2011, 10:45 PM

e90 does not fair too badly....

http://smh.drive.com.au/motor-news/b...506-1ean8.html

NBTBRV8 · 05-09-2011, 03:40 AM

I got much the same on a trade in enquiry from a dealer. My E46 M3 was very very good with just about every option imaginable and the dealer acknowledged that and said that he was sorry he could only offer me high 30k and appologised for the industry not paying more for good cars. I sold it a couple of months later privately for $62k.

The thing is that that don't like it to work the other way, you offer them the redbook and they say that there car is "worth more than that Sir", but clearly they work off the Redbook. The unfortunate thing is that more people take the trade than don't, so the industry gets away with it.

SharifE · 05-09-2011, 07:19 AM

Mate. All dealers r the same when it comes to trade in values. That's how they make there money.
Just sell it privately.

Quote:

Originally Posted by aussie_335

Well I was in having a service on Wednesday and got very interested in the new Z4. While waiting for my car I got talking to one of the salesmen and arranged for a Z4 for overnight. Was really taken with the Z4 so arranged to have my car valued and made an appointment on Friday to discuss the purchase of a new Z4.
Well what an experience that was. My trade in is an Aug 2008 e92 335i coupe. 6 speed manual, sunroof, sparkling graphite etc etc...completely loaded and only has 25,000 kms on the clock. That makes my car just over 2.5 years old (as this is a 6 speed manual I had to order it and have it built due to the rarity of 6 speed manuals and the car arrive in Aust in Aug 2008).
This car's purchase price was approx $125,000 when I got it.
Well here is the surprise.
The dealer offered me $60,000 as a trade-in on a new (in stock) Z4 with a purchase price of $125,000. That made it a $65,000 change over. I told the dealer that trade in price was insulting and didn't do the deal.
My point is according to the dealer my car is worth $65,000 less than what I paid for it in 2.5 years.
Why would anyone consider buying a new BMW (this is my second BMW first was a demo) with the dealers ripping us off so much on trade-in.
My car is worth well over $60,000 so for now I will just keep it.
Just thought I would share this experience with you all

kaishang · 05-09-2011, 09:40 AM

Stamp duty is not helpful.

MLOREY · 05-17-2011, 12:30 AM

My friend purchased an e92 06 with 40k on the clock in 09 for 56 (i think he haggled them down from 63 initial asking price) drive away (i was shattered... after realising my car had lost more than half its value in 3 years... dont worry)

Im currently getting offers on carsales for the same spec car same kms (80 now) etc at 54 k. so its cost him 2 k over 2 years with an almost brand new car. I think this is the route im going down next.

I test drove an m3 07 30kms on the weekend the dealer had listed at 107k i recon i can get him sub 100s.

its all about the brand new car smell trade off.

Chris.G · 05-17-2011, 12:36 AM

Quote:

Originally Posted by MLOREY

My friend purchased an e92 06 with 40k on the clock in 09 for 56 (i think he haggled them down from 63 initial asking price) drive away (i was shattered... after realising my car had lost more than half its value in 3 years... dont worry)

Im currently getting offers on carsales for the same spec car same kms (80 now) etc at 54 k. so its cost him 2 k over 2 years with an almost brand new car. I think this is the route im going down next.

I test drove an m3 07 30kms on the weekend the dealer had listed at 107k i recon i can get him sub 100s.

its all about the brand new car smell trade off.

I for some reason have difficulties imagining a giraffe in an M3. Since you are looking at 07 M3's, you obviously want a manual transmission. Have you received an approval from your parents?

MLOREY · 05-17-2011, 12:50 AM

this wont be for a year at least, i also have to learn how to drive manual in the mean time...

Chris.G · 05-17-2011, 12:59 AM

Quote:

Originally Posted by MLOREY

this wont be for a year at least, i also have to learn how to drive manual in the mean time...

Has Rossi given you the M3 bug? It gets around like a STD...

Rivenscyr · 05-17-2011, 01:02 AM

whyw8 till next year for an m3?

Chris.G · 05-17-2011, 01:05 AM

Quote:

Originally Posted by Rivenscyr

whyw8 till next year for an m3?

1- Provisional driver
2- Parents approval time
3- Learning manual + giraffe = at least a year

MLOREY · 05-17-2011, 01:06 AM

srsly though you guys have missed me, this place got boring.

Chris.G · 05-17-2011, 01:09 AM

Quote:

Originally Posted by MLOREY

srsly though you guys have missed me, this place got boring.

We missed Eric more, tell him to come back from his fake ban.

WOPALX · 05-17-2011, 01:10 AM

Quote:

Originally Posted by MLOREY

srsly though you guys have missed me, this place got boring.

You've had more usernames on e90 than you have had roots .... well done dude but you need to get out more

sbce90 · 05-17-2011, 01:10 AM

Quote:

Originally Posted by MLOREY

srsly though you guys have missed me, this place got boring.

Now we just need Eric to undo his fake ban on himself.

scheps · 05-17-2011, 03:20 AM

Quote:

Originally Posted by aussie_335

You are goinging to be in for a big surprise if you expect only to lose $20k in 2 years on your 335i
I have lost $65k in 2.5 years on my 335i. It is a joke

I think he is from US where 335 costs.... 45k?

Stuart@BMRAutowerkes · 05-17-2011, 04:18 AM

54k offers on your car seem pretty good orey - take it and run?

and yeh dealer should come down to sub 100

Samoht · 05-17-2011, 04:42 AM

Quote:

Originally Posted by bmroxm5

54k offers on your car seem pretty good orey - take it and run?

and yeh dealer should come down to sub 100

$54k, thats $10k more than other 325is out there, take it NOW.

MFKN3 · 05-17-2011, 05:06 AM

Quote:

Originally Posted by MLOREY

My friend purchased an e92 06 with 40k on the clock in 09 for 56 (i think he haggled them down from 63 initial asking price) drive away (i was shattered... after realising my car had lost more than half its value in 3 years... dont worry)

Im currently getting offers on carsales for the same spec car same kms (80 now) etc at 54 k. so its cost him 2 k over 2 years with an almost brand new car. I think this is the route im going down next.

I test drove an m3 07 30kms on the weekend the dealer had listed at 107k i recon i can get him sub 100s.

its all about the brand new car smell trade off.

A low tier dealer sold a red e92 '07 M3 with 13,900km for $105k d/a a few months ago so i think 95-100k should be possible

TaylorA · 05-17-2011, 06:59 PM

Quote:

Originally Posted by MLOREY

I test drove an m3 07 30kms on the weekend the dealer had listed at 107k i recon i can get him sub 100s.

Will you have to ask for more pocket money?

MFKN3 · 05-17-2011, 07:01 PM

c*ck for cash perhaps

05-08-2011, 10:45 PM	#25
WOPALX Lieutenant Colonel 86 Rep 1,993 Posts Drives: 335i Sedan Join Date: May 2007 Location: Sydney, Australia iTrader: (2)	e90 does not fair too badly.... http://smh.drive.com.au/motor-news/b...506-1ean8.html __________________ Vishnu PROcede V5 \| VK Motorworks FMIC \| AR Design OCC \| Forge DV's \| Bilstein PSS9 \| M3 Lower Control Arms & Caster Rods \| Quaife LSD \| HiTech Exhaust \| BMW Performance Illuminated Door Sills \| BMW Performance Gear Selector & Boot \| BMW Performance E-Brake Cover
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05-09-2011, 03:40 AM	#26
NBTBRV8 Captain 137 Rep 859 Posts Drives: LCi E60 530i Join Date: Mar 2010 Location: Australia iTrader: (0)	I got much the same on a trade in enquiry from a dealer. My E46 M3 was very very good with just about every option imaginable and the dealer acknowledged that and said that he was sorry he could only offer me high 30k and appologised for the industry not paying more for good cars. I sold it a couple of months later privately for $62k. The thing is that that don't like it to work the other way, you offer them the redbook and they say that there car is "worth more than that Sir", but clearly they work off the Redbook. The unfortunate thing is that more people take the trade than don't, so the industry gets away with it.
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05-09-2011, 09:40 AM	#28
kaishang Colonel 54 Rep 2,197 Posts Drives: 2010 E90 330d Join Date: Jul 2010 Location: London iTrader: (0)	Stamp duty is not helpful.
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05-17-2011, 12:30 AM	#29
MLOREY Second Lieutenant 23 Rep 242 Posts Drives: e92 Join Date: May 2011 Location: MELBOURNE iTrader: (0)	My friend purchased an e92 06 with 40k on the clock in 09 for 56 (i think he haggled them down from 63 initial asking price) drive away (i was shattered... after realising my car had lost more than half its value in 3 years... dont worry) Im currently getting offers on carsales for the same spec car same kms (80 now) etc at 54 k. so its cost him 2 k over 2 years with an almost brand new car. I think this is the route im going down next. I test drove an m3 07 30kms on the weekend the dealer had listed at 107k i recon i can get him sub 100s. its all about the brand new car smell trade off.
	Appreciate 0 Quote

05-17-2011, 12:50 AM	#31
MLOREY Second Lieutenant 23 Rep 242 Posts Drives: e92 Join Date: May 2011 Location: MELBOURNE iTrader: (0)	this wont be for a year at least, i also have to learn how to drive manual in the mean time...
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05-17-2011, 01:02 AM	#33
Rivenscyr Captain 25 Rep 958 Posts Drives: muzza-tastic cruiser Join Date: Oct 2010 Location: george st iTrader: (0)	whyw8 till next year for an m3?
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05-17-2011, 01:06 AM	#35
MLOREY Second Lieutenant 23 Rep 242 Posts Drives: e92 Join Date: May 2011 Location: MELBOURNE iTrader: (0)	srsly though you guys have missed me, this place got boring.
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05-17-2011, 04:18 AM	#40
Stuart@BMRAutowerkes Major General 808 Rep 5,530 Posts Drives: a black car Join Date: Sep 2010 Location: Sydney iTrader: (3)	54k offers on your car seem pretty good orey - take it and run? and yeh dealer should come down to sub 100
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05-17-2011, 07:01 PM	#44
MFKN3 Colonel 127 Rep 2,224 Posts Drives: supercharged 4.4L stroker E92 Join Date: Nov 2008 Location: Australia iTrader: (2)	c*ck for cash perhaps
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