Last post on Nov 23, 2013 at 6:17 AM
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BMW M3, BMW 3 Series, Motorsports, Engine, Suspension, Car Buying, Coupe
#653 of 762 Re: Found CPO 328xi, fair price? [jeff226]
Jan 29, 2011 (6:56 pm)
For what it is worth. I recently bought a 2008 328xi, cold package, premium package, NAV, fold down back seat, leather, 36K miles, black sapphire met. on beige. Certified local car here in Chicago area. Dealer was asking 29K, I offered 26.5K and they came back at 28K and came up to 27K. They came back at 27.4K and held my ground at 27K. They took it. I think I could have done better if I hadn't had a trade that I ultimately pulled off the table. Based on previous information I was able to determine that the lease return residual was roughly 28K. I figure they bought the car from BMW finance for about 23K. I added the usual $1,500 for CPO and $2,000 profit and that is where I started. I could have pushed harder from the beginning, but two volley's each is about all I can deal with.
#654 of 762 Buying a 2006 325i
Feb 01, 2011 (7:26 pm)
A forum newbie here so I ask for forgiveness in advance should I stumble.
I was shoping for a Mini, or an A4. For grins (I would never want (or be able to afford, a BMW...) I stopped in and tried out a 2006 325i. I was shocked at the experience. Haunted, as I put it to a friend pushing the A4. Super comfortable driving experience. An actual driving experience that did not seem like it would be tireing. Quiet, nice punch, and then the cornering... wow. I had forgotten it could be fun to drive!
I have located a CPO good till Dec 22), 2006 325i with premium package, automatic with 39,500 miles for an OTD price of $20k, Tags et al.
What questions have I not asked that I should?
They say only 2007 can qualify for BMW financing so I should go with my 6.3% bank financing.
CarFax is clean for what that seems to be worth. Appears to have been leased 40 miles from where I found it (different dealership) then reregistered in CA for a year, then back to FL for the remainder of the run.
Artic Silver with Tan interior.
Looks very clean to me.
Thoughts? Thanks so much.
#655 of 762 Re: Found CPO 328xi, fair price? [arctic56]
Mar 04, 2011 (2:47 pm)
i've been looking at getting a CPO '08 328xi (prestige in Ramsey NJ) and i'm curious how you know that a dealer is buying a car with a residual of 28k for 23k. is this discount typical? they have a large stock and are receiving lease returns on a daily basis. if this is true, based on your calcs i should be shooting for a couple % under the residual.
#656 of 762 Re: Found CPO 328xi, fair price? [ctfarmboy]
Mar 07, 2011 (2:05 pm)
I was recently talking to Prestige in Ramsey about some 3 series CPOs but never ventured up there. Something about the salesman I spoke to a few times that I just didn't like the approach. I know they have a lot of cars and some good deals but I couldn't answer you question about residual values, etc. I would just get all the specs on the car and do appraisals from edmunds, kbb and nada and see what the average is vs the dealer's price and go from there.
I just purchased a 07 335xi w/ 15K miles, premium and cold weather weather packages, original maintenance until 11/2011 then CPO for two more years. Traded in my 2000 Audi A4 2.8 quattro and got the car for 23,400. I have my fingers crossed that the HPFP holds out or at least fails within the 10yr/120K mile warranty. BMW of Bloomfield. I would check them out. Very nice staff, no pressure tactics and upfront.
I would appreciate anyone giving me a reference for a reputable independent mechanic who works on BMW's in the tri state area, northern NJ preferrably, Bergen county. Thanks.
Mar 16, 2011 (8:20 am)
I'm considering a 2008 335xi, 35K miles. 2 door coupe, cold weather pkg, sport pkg, premium pkg, Nav, sport steering whl w/paddles, steptronic automatic trans, dynamic cruise, ipod adapter, premium hi-fi. Dealer asking $34,999. Edmunds CPO is $36,478 and KBB is $37,510 I would appreciate thoughts on pricing and negotiating position. Thanks.
#658 of 762 CPO 2008 328i 25K miles - Is this a fair price
Mar 26, 2011 (3:05 pm)
Looking at a CPO 328i, 25k miles, just off a single-owner lease. Carfax showed it was in North Carolina until turned in and sold at auction after CPO'ing it. It did mention one accident, but didnt report on severity, however if it CPO'd im guessing it couldnt have been anything more than minor. Warrantied through March of 14 with the 2yr CPO add-on
Car is a sedan, comes with premium package w/heated seats, Sat radio, and moonroof. Grey dakota leather interior.
Dealer in Georgia im talking with it has it listed at 27,350, which seems reasonable for that mileage and package compared to other 08 328i's with similar mileage and packages.
Any thoughts appreciated!
#659 of 762 CPO 330xi from Private seller
Mar 25, 2011 (9:40 am)
#660 of 762 CPO 330xi from Private seller
Mar 25, 2011 (9:40 am)
A private seller has a CPO (warranty through the end of 2012, maitnance NOT included though) with 52K miles on it. All options except Nav, manual transmission. He wants $19K for it (firm). It looks like Edmonds has the TMV at around $18K. I know that the TMV isn't the end all be all, but is that decent price or should I continue to shop (should I be gunning for that $18 or less number as the trade in on is that much lower...?) What do you think the resale value of the car would be in 3 or 4 years? Thanks in advance.
#661 of 762 Re: CPO 2008 328i 25K miles - Is this a fair price [drew11m]
by kyfdx@Edmunds HOST
Mar 27, 2011 (9:01 am)
The accident may have been minor, but I wouldn't automatically assume that because it's CPO.. Even though a CPO should meet certain standards, it's still one person at one local dealership making that determination... If you are serious about the car, get it checked out.
#662 of 762 Re: CPO 330xi from Private seller [meach88]
by kyfdx@Edmunds HOST
Mar 27, 2011 (9:02 am)
Guessing that car has to be a 2006 model?