Last post on Dec 17, 2012 at 9:34 AM
You are in the BMW 3-Series
What is this discussion about?
BMW M3, BMW 3 Series, Motorsports, Engine, Suspension, Car Buying, Coupe
#676 of 758 Re: Used 2009 328xi 28K good deal? [sirius9]
Apr 03, 2011 (3:33 pm)
Okay, "a wholesaler?" only BMW dealers offer CPO cars, so that answers that question. It is possible that the dealer that took the car back off of lease either didn't want the car or had already completed his quota of CPO's. As I understand it, BMW dealers have to do X amount of CPO's to meet a quota. BMW finance is who drives this because they make the dealer buy them once they come in off of lease. They do however buy them low enough (way lower than residual) from BMW finance that they can put $1500 to $2000 back into the car and still sell at a profit including $2-$3K in commission. When the numbers don't add up, i.e., body repair, paint, tires, interior repairs that exceed this amount, they usually put the car through auction where the wholesalers and other used car dealers buy to resell. To be honest, you can go to a dealer, select a CPO car with known paperwork and negotiate your deal and know as much about your car as possible. Look for one that has been returned to the same dealership as it was originally purchased. A 2009 3 series where I live, with this mileage would be priced at around $28.9K and well within reach of what you are looking to pay for this one from a wholesaler. How is a wholesaler able to offer you the 4 year 50K mile warranty? Do your homework before you fall in love with a car that you regret later. Believe me, there are tons of Black on Black 328xi's out there and many more to come in off lease in the next few months.
#677 of 758 Re: Used 2009 328xi 28K good deal? [roadburner]
Apr 03, 2011 (3:36 pm)
Not a bad idea if you live in a city where help is always right around the corner. If you travel long distances or back roads, maybe not such a good idea. Remember, if you go with standard tires, YOU HAVE NO SPARE if a sidewall blows, or other more significant damage that can't be repaired with a can of sealant and an air pump.
#678 of 758 Re: Used 2009 328xi 28K good deal? [arctic56]
Apr 03, 2011 (5:33 pm)
Remember, if you go with standard tires, YOU HAVE NO SPARE if a sidewall blows, or other more significant damage that can't be repaired with a can of sealant and an air pump.
No spare? Wow, thanks for the heads-up!
When was the last time you had a tire blow a sidewall? I've been driving since 1973 and I haven't had it happen once. And of course RFTs are only designed to run 100 miles once deflated. Sounds like you shouldn't stray too far from the city with those either. Then there is the continuing issue of RFT availability outside of major metropolitan areas.
#679 of 758 Is 32k + taxes for 2008 335xi is a good price for CPO?
Apr 04, 2011 (4:37 pm)
I have question for the people out here. I am in market and searching for 2008 BMW 335xi CPO. I got a quote for 2008 BMW 335xi black on black which is having 23,752 miles on it and dealer is not willing to reduce the price. Infact they raised the price by almost 3k when I see the listing on internet but is willing to sell for 32k. This one is equipped with premium and cold packages, Ipod/Usb adapter and navigation. Can someone please let me know whether this a good price to go for 335xi or not?
#680 of 758 Re: Used 2009 328xi 28K good deal? [arctic56]
Apr 04, 2011 (5:11 pm)
I couldn't get out of work on time to meet the guy, so he sold to a dealer. Who knows... Thanks for the helpful info to arctic and roadburner. Guess I have to wait til more 2009s are available.
#681 of 758 Re: Is 32k + taxes for 2008 335xi is a good price for CPO? [roopsk]
Apr 05, 2011 (8:30 am)
coupe or sedan?
If coupe, yes, its a very good deal for CPO.
If sedan .... it is just an OK price for CPO. Not good, but not terribly bad.
#682 of 758 Re: Is 32k + taxes for 2008 335xi is a good price for CPO? [qbrozen]
Apr 05, 2011 (8:38 am)
Remember, BMW had some issues with the 2008 335 fuel pumps. Be sure to check service records. I saw two 335's on a dealer lot that they bought at auction that had previously been taken back by BMW under the lemon law. This doesn't mean that all are lemons', it just means that you need to do your homework on the car you are looking for.
#683 of 758 Re: Is 32k + taxes for 2008 335xi is a good price for CPO? [arctic56]
Apr 05, 2011 (8:39 am)
I thought they couldn't CPO vehicles that were bought back under the lemon law, though ... ?
#684 of 758 Is this a GOOD deal on a 328i lease?
Apr 05, 2011 (12:22 pm)
I have never leased before and cannot tell if I am getting a good offer. Can anyone help? The vehicle is a 2011 BMW 328i. MSRP is $39,100. It has premium and value package, no navigation. I do NOT know the money factor or residual value, etc but they are offering me this vehicle (which does have the space gray metallic color) for a monthly total of $435 (which includes all taxes). Lease term is 27 months. 10k miles a year. Drive off fee is $1,084, which includes the first payment of $435 and covers tax, title and registration. I am inclined to think this is a FAIR offer but can anyone who is more of an expert please provide their opinion??
#685 of 758 Re: Is this a GOOD deal on a 328i lease? [wendy31]
by kirstie_h HOST
Apr 06, 2011 (7:48 am)
This discussion is about buying used 3-series BMWs. You'll have better luck in our BMW 3-Series Lease Questions discussion.