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Re: Price help on a used 96-98 M3 (archive)

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Posted by Powered on June 19, 2000 at 20:14:43:

In Reply to: Price help on a used 96-98 M3 posted by J Ritt on June 19, 2000 at 12:41:54:

I would wait. Like Jeff said this is not your typical mass consumer driven production vehicle that you will trade in and be upside down a few years from now. I almost bit on a 98 in perfect condition with 28k miles for $36. Instead I got a 97 Luxury package in MINDT condition with the same mileage for $32. It looks like a 2000(except Lux was only avail. in 97) and is valued at $39k. The lux has many more features and is slightly rare on the roads. I'm glad to know the in depth and extensive care the car was given as well.

What I found through my couple of months of active research is that there is no difference in the value of the car based on it's age from 97-99. What counts is the condition of the car. Therefore it would be wise to wait for one in pristine condition or as close to as possible. The great thing about this car is that if well maintained it barely deprecciates. My car was worth $45 in 97 and is worth $39 today ...not too shabby.

You best bet is a private seller who loves his car so much he would sacrifice a huge profit to ensure the car goes to good hands. A leasee would be a viable target.

If the car has as much damage as you described I would doubt the quality of the maintenance provided to this car on many levels. I think you can only truly achieve this cars potential through committed maintenance asthetically and performance-wise.

Good luck!
: Guys, I'm thinking about buying a certified pre-owned M3 at a local dealer...the salesman didn't have the paperwork handy to tell me what year it is because it was literally brought in an hour befor I got there, but the car is a 96-98 off-lease vehilcle with about 25K miles on it. Car was in average condition. Had some small scratches, a few little gouges in the rear bumper, slight curb rash on one wheel, some pen marks on passenger seat. It looked like it was in decent shape, but I don't know what else to look for. What price could I expect to pay? I asked the guy ballpark, and he said high 30's, which I thought was way, way too high.

: For a car with the stated mileage and options, autosite was giving me a price of about $28K for a 96, $31K for a 97, and $34K for a 98. What price do you think would be a reasonable deal.

: thanks in advance for all of the help.

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