2011 BMW M3 (e90 Sedan) w/ competion

[drenge]

BIMMERPOST / Classifieds

Asking Price:

None

Item Interest

Please see updated post:

http://www.m3post.com/forums/newthre...stthread&f=284

[PKL]

Why was it on the tow truck? And why are you selling? Nice car.

[drenge]

I took pictures as it was delivered. I need to get new pics so people don't think there is a problem. Thanks.

[drenge]

And I'm selling the car because I start grad school in Europe in January. I don't want to be making payments while it sits in my garage (I need the money).

[drenge]

I've had a few people ask me about the tint. It is 35% all the way around. If you have any other questions call or text me at 801-244-1173.

[sendkcone]

I'm getting close to ordering a car similar to yours for $1,000 under invoice ($61,600). I'd love to pay cash and buy a lightly used one like yours but the .9% incentive from BMW equates to about $2,000/yr or $6,000 incentive over 3 years, bringing the real cost of the new car to apprx. $55,600. It may be difficult to compete with BMW on this one. If you do get down to the low 50's I would prefer to pay you cash to save 3-4k. Best of luck with whatever you decide.

[petesamprs]

Originally Posted by sendkcone

I'm getting close to ordering a car similar to yours for $1,000 under invoice ($61,600). I'd love to pay cash and buy a lightly used one like yours but the .9% incentive from BMW equates to about $2,000/yr or $6,000 incentive over 3 years, bringing the real cost of the new car to apprx. $55,600. It may be difficult to compete with BMW on this one. If you do get down to the low 50's I would prefer to pay you cash to save 3-4k. Best of luck with whatever you decide.

Some questions about your post comparing new car vs. OP's used one:
- Are you really getting $1,000 *under* invoice?
- Is it really the same car with same options?
- Does your price include destination, MACO/training and GGT which you don't pay if you buy OPs car?
- How are you translating the 0.9% financing into $2,000 per year? At current savings/CD rates on cash saved, even 0.9% financing is negative value per year.

Do agree with your general premise that for lightly used cars it's often worth it just to pay a little more and get a new one (hence why you lose value just driving off the lot). But not sure a new one is actually *cheaper* as you contend.

[TTG]

Originally Posted by petesamprs

Some questions about your post comparing new car vs. OP's used one:
- Are you really getting $1,000 *under* invoice?
- Is it really the same car with same options?
- Does your price include destination, MACO/training and GGT which you don't pay if you buy OPs car?
- How are you translating the 0.9% financing into $2,000 per year? At current savings/CD rates on cash saved, even 0.9% financing is negative value per year.

Do agree with your general premise that for lightly used cars it's often worth it just to pay a little more and get a new one (hence why you lose value just driving off the lot). But not sure a new one is actually *cheaper* as you contend.

+1..... His logic really does not make sense..... But no one is going to sell him a 2011 ZCP fw/ 5K miles for "lower 50's" ---that is a fact.

[sendkcone]

There are two dealers on this forum that will currently order cars at invoice + 500. BMW just announced holiday incentive of $1,500 and .9%, 3 years. That takes purchase price to invoice less $1,000.

On the cost of capital point, one scenario might go like this...

1. Buyer secures $59,850 loan to buy used car at 6.14% ammortized over 36 months. Total interest paid=$5,834. Cost of used car $65,684.
2. Buyer secures $61,600 loan through BMW financial at .9% ammortized over 36 months. Total interest paid=$859. Cost of new car $62,459.

New car apprx. $3,225 less than used car under this scenario.

Another common scenario...

1. Buyer takes $61,600 he was going to pay for his new M3 and pays down his home loan at 5.25% (not market but very common). Interest savings apprx. (minor tax benefits may have been lost)=$9,702.
2. Buyer secures $61,600 loan through BMW financial at .9% ammortized over 36 months. Total interest paid=$859.
Buyer is ahead apprx. $8,843 of the guy that paid cash for his car, or real cost of the car for this buyer is $61,600 less $8,843=$52,757.

I've been a seller in this situation (M Coupe, fewer miles) and I had to sell for $26,000 under sticker to compete with the dealer. The seller is fortunate he has a desirable M3 but his competition is the dealer.

[drenge]

Just posted updated pics. My current price is $59,850 but I am obviously willing to negotiate if you are a serious buyer.

Remember, as a buyer you must also factor in the depreciation hit on a new car - especially if you're a short-term owner.