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09-09-2009, 08:44 AM | #1 |
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How much should I be paying for a 2007 E92 M3?
Hi All,
First post here at M3post.com. Based in Sydney, Australia and have been driving a modified MY05 WRX for the last 3 years and would like to step into something European that still has plenty of nuts I am looking to join the BMW stable hopefully in a 2007 E92 M3, however I would like to get some opinions on how much I should be paying for one of these vehicles. I am after a 2007 model with a manual transmission rather than the paddle box and something with around 20,000 - 30,000 kms on the clock. I have noticed the cheapest 2007 models for sale are sitting around the 120k mark however when researching private price guides on Redbook.com it appears that I could perhaps negotiate more around the 105-115k mark... What are people's opinions on this? My other option is purchasing a 2007-2008 335i however I am thinking that I probably won't be able to leave this stock and after exhaust, tuning, suspension, brakes, wheels and tyres I could have bought a 2007 M3 for the same price or cheaper... |
09-09-2009, 07:54 PM | #2 |
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G'day danOs and welcome!
I have certainly noticed the price of second-hand 07 E92 M3's have dropped thru the floor! Dealer prices are going to be higher as they have to quote drive-away prices now, inclusive of on-road costs, stamp-duty etc. This only started in July this year. Private prices generally require on-road costs to be added so you need to take that into account. Buying an E9x M3 is not a decision made with the brain - it is a heart thing. By this I mean you have to expect to take a hammering if you buy new however in your situation you will stand to benefit a lot buying second-hand. One thing to consider though....a cheap second-hand M3 is most likely to have had a bit of a hammering as that is what they are designed for. The 07 models did not have the new 09 iDrive or M-DCT option so you need to think about whether you like the technology the 09 iDrive offers (eg: on-board HDD for your music collection, enhanced map graphics etc). The M-DCT vs 6MT debate has been beaten to death on these forums. I have the M-DCT and I love it. I love the short clicky shift lever as well as the paddles. Of course the M-DCT comes with Launch Control - which I am still to try! Good luck with your decision! |
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09-10-2009, 12:35 AM | #3 |
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I know where there's a non-thrashed / non-tracked JB 2008 car with only 9,500kms on it. Manual, but otherwise every single option... I wouldn't take near the Redbook as I have been bid much more than that by a wholesaler but a lot less than most of the ones you see advertised.
PM me if interested. |
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09-10-2009, 02:20 AM | #4 |
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So first, forget DCT cause it wasn't available at that stage. Second be VERY careful what you buy, as said before, there are some out there that have been tracked/flogged etc. After just recently attending the BMW M Drive day I can comfirm that they turn their cars over every 6 months, 11 or so at a time so there are a few out there that have had a relatively hard life...
Lastly, you are getting to where warranty is expiring with some 07 cars so take care! Happy hunting and good luck with your purchase! |
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09-10-2009, 03:02 AM | #5 | |
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09-10-2009, 04:12 AM | #6 |
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Thanks for the info guys - the M-DCT with launch control in the later models sounds very tempting but not sure if I am prepared to spend the extra cash for a later model. Do all e92 M3's come with sat nav?
There is a particular 07' model for sale at the moment however it has been sitting for sale for a long time which makes me suspicious. Can anyone recommend anyone who can inspect a BMW in the Sydney area that knows their stuff? I know of only mechanics who perform inspections on Japanese cars unfortunately. |
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