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Asking price too high, pay $30-31k (more) (archive)

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Posted by BD on September 16, 2000 at 21:35:46:

In Reply to: E36 M3: Fantastic car. Just drove my first one! posted by CMT on September 16, 2000 at 16:29:03:

I hope 1997 M3 Coupes are going for close to that price. I bought my new 1997 M3 Coupe 5/97 for $37,600 with sunroof, cruise, heated seats. It now has 43k miles and in great shape. Never had a problem with it.

I checked Edmunds: trade ~$25k retail ~$29k
Kelly Blue Book said market value is $34,650.

I suspect KBB is high. If my car was on the lot and being sold from a dealer I would think it would sell for maybe $30-31k. The car your looking at is similar to mine. (of course I have all sorts of mods on mine, I'm just comparing stock)

I think they are asking typical dealer high prices in hope they find someone to bite. If you want it tell them you will give no more than $30k, then just ignore their crap, but go no higher than $31k. If no deal keep looking. Don't get overly emotional and pay too much.

In this months BMW CCA Roundel there are a few nice 1997 M3s asking about $34 some with lower miles. They will all take less! Say at least 10% off and depending on their situation more off. You can get really nice cars from BMWCCA members in general, not always. You can tell who takes care of their cars just by talking to them and looking at the car clinches the good ones.

Want mine for $29k. No just kidding. I love mine and will keep it awhile longer. I wanted the E46 M3, but I'm not sure it will be "the M3" that I dream of. Maybe after the dust settles and BMW gets their shit together they will build the perfect M3 for me. I don't like all the bigness, luxury, bells & whistles and mostly heavy cars BMW is making. I still love them, but until then my car is perfection (maybe with 75 hp more).

Go get one now and don't worry about the E46 M3, you will have lot's to learn with the E36 M3. Then in a few years it may? be time to get the new M3 if it fulfills the requirements.

Good luck

Brad Devendorf

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