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Price is fair .....(more) (archive)

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Posted by DJ Vyb on September 16, 2000 at 17:14:53:

In Reply to: that price is high.....(more) posted by eric g. on September 16, 2000 at 16:39:41:

I think the price is fair. I just purchased a 97 M3 earlier this year, luxoury edition(all options) in immaculate condition with 29+k miles for 32.9k. That price was a steal. Reason being the seller had to pay 31.7k to buy out the lease and unfortunately he was unaware BMWNA would not do third party title transfers. Therefore after he begrudgingly paid his taxes on it he actually lost $300 on the deal.

Furthermore my other option was going through an auction broker. He did a study of over 40 M3's sold at auctions over a period of two months. What we found was that there was no difference in average price between 97 and 98 with same mileage, condition, etc. In two cases 97's were actually sold at slightly higher prices than an equivalent 98. These cars truly hold their value. I rember reading on the board recently a 95 M3 owner's blue book value actually appreciated this year! The price I paid was right along the lines of what you would pay at the auction though. I refrained from auction purchase because I felt more comfortable knowing the previous owners detailed history of car care, diriving/parking agenda, etc.

I got a very lucky deal and obviously you will pay more at a dealership as opposed to an auction but you also have the warranty benefits.

As far as the deal with the clutch, my being in sales sheds some light on his "angle" there. Since it is certified pre-owned it shouldn't need a new clutch for a very long time. The sales person is throwing this in simply to make the deal seem sweeter with the confidence that it is not even neccessary ...hightening your interest without having to truly provide a further buying advantage to you.

Anyhow thanks for sharing your experience and best of luck.

V

chris, i just bought my first BMW a few months ago (98 M3/4) fully loaded except for the heated seats and spoiler for 37 grand with the cert. pre owned warrenty and it only had 13700 miles on it.
the price they quoted you seems a little high. granted they are offering to put in a new clutch but thats kina strange because if its cert. pre owned its susposed to be in perfect working condition. new brakes, tires, etc. if the clutch is worn it make me wonder what the owner before you did with it. unless he draged raced alot, it shouldnt need a new clutch for quite along time. in fact ive heard alot of others who clutches have last well over 80,000 miles on the M3. id look around or wait for your new E46 M3.

and yes i still have a perma grin from driving my M3.

my .02

eric g.
walland TN (near knoxville)
[email protected]
98 M3/4 blk cosmos
99 SVT contour
84 xj cherokee "the rock crawler."
BMWCCA#188400


eric g.
walland TN (near knoxville)
[email protected]
98 M3/4 blk cosmos
99 SVT contour
84 xj cherokee "the rock crawler."
BMWCCA#188400





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