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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10297 messages, Last post on Nov 26, 2009 at 11:28 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi everyone! Does anyone have any insight re. prices for a 2008, 328i w/Premium Pack. and Auto Transmission? Thanks a lot. |
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| My lease is ending on my 2005 X5 in 3 weeks, so I'm thinking of purchasing a CPO (Certified Pre Owned) 3 or 5 series wagon. My question is as oppose to buying new and figuring how much below MSRP on the used CPO market is there much room to come down on the price? Meaning ,on say a $30K offer around $3K below their asking price? They will usually counter by saying well it's listed at Kelly Blue Book and that is the selling price. I know that if I was looking at a new 2008 at around $35K then I would offer around $3 to $4K off MSRP. Which would take me to around $1000 below invoice. Just trying to get an idea, seems harder to determine with CPO than when I leased new. | |
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Replying to: socal59 (Nov 07, 2008 3:07 pm) The dealer may list a car at $30K, but the next dealer down the road may have a comparable car listed at $27K. So, any hard and fast rule about how far they will discount the car is going to be impossible to use. My local dealer was asking $29,900 for all of their '06 CPO X3s in September. Three weeks later, they dropped all of them to $25,900. Who would have guessed? You just have to watch the market, and try to figure out what the car is worth, without regard to what they are asking for it. Shopping for used cars is hard, and looking for a relatively rare BMW wagon is going to make it harder. I'd start by watching Autotrader or Cars.com classifieds to get a feel for asking prices. Then, if you find a car you want, bargain hard. I wouldn't worry about hurt feelings...lol. You can post details of a car in Real-World Trade-In Values, to get an idea of the true wholesale value.. Then, probably add a good $4K-$5K on to that to get a CPO selling price. Good luck! kyfdx |
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Replying to: socal59 (Nov 07, 2008 3:07 pm)
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Replying to: jayrider (Nov 08, 2008 10:17 am)
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Replying to: socal59 (Nov 08, 2008 10:34 am) |
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Here's the deal we got in the Twin Cities: 2009 328i xdrive sportwagon, premium package, with almost every option except adaptive cruise control. MSRP: 51,620 Invoice: 47,475 Agreed upon price: 48,980 Upfront charges: 3,190 (doc fee, acq fee, taxes at 6.5 %, 1st months payment) Customer cash: 5,500 Residual: 58% 36 months, 15,000mi/year MF: .00215 (Note: we're not previous owners, buy rate was .00200 which they agree to use but the sec. dep. was waived for a slightly higher MF rate.) Monthly payment: $649.05 Plus two free key chains--not that we need them with comfort access, but it was a nice touch.  Hope this info is helpful to others as they negotiate. This forum was invaluable to us we tried to find the best deal we could. |
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Replying to: socal59 (Nov 08, 2008 10:34 am) . You might also find someone who has license to buy from auctions, and that you can trust, as a source of info and maybe access to more cars. |
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Hello, I am considering buying a 328i 2007. Here is the scenerio: $25,000 walkout for a CPO 2007 328i with sports/premium package with 15,000 miles with my trade in of a '99 Toyota RAV4 with 105,000 miles? thanks. |
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