Great deal on used E92

[kmarei]

http://cgi.ebay.com/ebaymotors/ws/eB...261368063&rd=1

[amgthis]

Isn't that a member? Damn great price indeed!

[lucid]

Anyone trying to sell a relatively new used car in this market will take a major hit...

[McLuVan]

saw that already

[mkoesel]

Nice price, at least people are starting to acknowledge the realities of the market. But I am confused on why he says you can save on state vehicle tax? In my state at least, you still have to pay the tax although I guess it will be a little less due to the lower transaction price vs. buying new.

Also, if someone is financing the car the total value of the deal including interest might come out to be almost as much as buying a new one at invoice at 0.9%.

[burrito007]

Not a great price here's why:

The car probably retailed for 68,000. The discounts we're seeing now on a NEW one should bring that to 65,000 (for the sake of argument we'll say 66,000).

So you buy the car for 66,000, you finance it @ 1.9% and your total cost for the car after a 60 month pay off is
69236

if you buy the car for 57,500 the best rate you will probably get in this market on a used car private party is 6.0%

that brings the car after a 60 month pay off to:
66698

So you are saving roughly 2700 in the long run by buying this used car. Is 8,000 miles worth 2700 to you or do you think depreciation should take a larger hit?

[burrito007]

Originally Posted by mkoesel

Nice price, at least people are starting to acknowledge the realities of the market. But I am confused on why he says you can save on state vehicle tax? In my state at least, you still have to pay the tax although I guess it will be a little less due to the lower transaction price vs. buying new.

Also, if someone is financing the car the total value of the deal including interest might come out to be almost as much as buying a new one at invoice at 0.9%.

damn i didnt see this post - =P

[GolfNut]

On the flip side, it would be a great deal for someone paying cash since the dealership won't let you choose an additional cash discount instead of the low finance rate.

[kmarei]

Originally Posted by burrito007

Not a great price here's why:

The car probably retailed for 68,000. The discounts we're seeing now on a NEW one should bring that to 65,000 (for the sake of argument we'll say 66,000).

So you buy the car for 66,000, you finance it @ 1.9% and your total cost for the car after a 60 month pay off is
69236

if you buy the car for 57,500 the best rate you will probably get in this market on a used car private party is 6.0%

that brings the car after a 60 month pay off to:
66698

So you are saving roughly 2700 in the long run by buying this used car. Is 8,000 miles worth 2700 to you or do you think depreciation should take a larger hit?

well you can get 4.75% from penfed
and if you are buying cash then that arguement goes to waste

it's still a great price when it comes to a used car
i have never seen a used one that low unless it was stripped

[burrito007]

Originally Posted by kmarei

well you can get 4.75% from penfed
and if you are buying cash then that arguement goes to waste

it's still a great price when it comes to a used car
i have never seen a used one that low unless it was stripped

still not a great deal when going cash - you have a better return if you buy the m3 with little down and leave the cash in a money market account or rolling CDs with citibank and make 4% interest. - you still make 2% on the money. Paying cash has its problems.

[kmarei]

well first you have to make up your mind
are you buying a car or making an investment?
can't have both
all i said was this price is a great price for a user M3 with DCT
the fact still remains
it might not be the best investment
it might not be the best financial rate
it might not appreciate in value
but compared to the price of a new car
it wen't down 13K over MSRP
which even if you say you can get a new one for invoice
its still 8K cheaper

[ideliver]

Originally Posted by burrito007

the m3 with little down and leave the cash in a money market account or rolling CDs with citibank and make 4% interest. - you still make 2% on the money. Paying cash has its problems.

I clearly get your point...but don't forget the tax that you pay on the income from the investment (35% would be a safe guess)...

[RRGOO7]

I know if an alpine whit on fox red loaded with 6k miles for 55k

[vtm3]

I know where an aw/ mdct is not for sale!

[burrito007]

Originally Posted by kmarei

well first you have to make up your mind
are you buying a car or making an investment?
can't have both
all i said was this price is a great price for a user M3 with DCT
the fact still remains
it might not be the best investment
it might not be the best financial rate
it might not appreciate in value
but compared to the price of a new car
it wen't down 13K over MSRP
which even if you say you can get a new one for invoice
its still 8K cheaper

and all im saying is its not 8k cheaper - its only 3-4k cheaper at best. If you're shelling out 50k+ wouldn't you rather pay 3-4k to KNOW how the car was treated in the first few miles? Yes I agree it is cheaper. it is less money. But is it worth it? i don't think so. I would only buy a used one if it were in the 40k range - if that.

I mean heck, people are paying 3k for wheels - 3k to have a brand new vs. used car is a great deal.

Once again if you're strapped for cash and the 3-4k is really going to make a difference - don't get the M.

[Seth_Horwitz]

Originally Posted by burrito007

and all im saying is its not 8k cheaper - its only 3-4k cheaper at best. If you're shelling out 50k+ wouldn't you rather pay 3-4k to KNOW how the car was treated in the first few miles? Yes I agree it is cheaper. it is less money. But is it worth it? i don't think so. I would only buy a used one if it were in the 40k range - if that.

I mean heck, people are paying 3k for wheels - 3k to have a brand new vs. used car is a great deal.

Once again if you're strapped for cash and the 3-4k is really going to make a difference - don't get the M.

You're using logic and math, which doesn't go over well on this board. (or any) Also, pitch-black tints and an Eisenman Exhaust installed on a brand new car would make me, as a buyer, drop at least another $5,000 off of any offer. The odds are that this wasn't driven lightly by a grey-haired old lady.

[mspeed]

burrito007 is right.

with all the incentives on 08s (0.9%, M school)

higher financing rates on used car

and it has 8000 miles.

buyers who finance wont pay much for an 08

buyers with cash would want a larger discount. myself id be willing to pay $50k max

[mspeed]

burrito007 is right.

with all the incentives on 08s (0.9%, M school)

and it has 8000 miles.

with higher financing rates on used car, buyers who finance wont pay much for an 08, they can get a brand new one for close to invoice

buyers with cash would want a larger discount. myself id be willing to pay $50k max