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In Reply to: Buy from dealer or private party? posted by Brett on February 11, 2001 at 17:08:59:
---> If you're not an avid car guy and don't like to do any car work yourself, ext. warranties are nice (CPO), but keep in mind, these things only kick in to cover stuff that breaks or blows up on you.
If they occur because of lack of maintenance, you're screwed. Thusly, you still need to keep up with BMW maintenance. (ie. schedule "inspections", etc....)
2. When buying from a 3rd party, what additional fees are there (in California)? DMV, smog, license, sales tax? If there are no sales taxes required, that could potentially be a $3k swing in price.
---> when buying any car from CA, figure in 10% on top of the final price. 8% to sales tax and 2% to reg. This is regardless of whether you buy from dealer or individual. A dealer will charge this on top. A individual probably will not and the DMW will hit you with it as soon as you walk in to reg. the car
3. Kelley Blue Book is the only thing dealers will use whereas Edumund's seems to be a lot lower. What's the best way to get a fair market value of a used M3?
---> location, location, location....
CA BMW's seem to the premium in used cars. CA cars command well over 10% more than out of state. I wondered about this too a lot. My 96 in Ca still goes for $30k to $32k. Once outside CA, that price goes to $26k-$28k.
My answer? Commute and condition probably plays into it. Most of the used car buying nuts are in CA. And we sell a lot of them. Supply/Demand plays into this. Also, CA cars will most likely be in better shape due to climate conditions and road quality.
As far as buying from a dealer or somebody, you can get screwed from either source. Your best bet is to hang out with M3 people to learn the quirks and get involved with car stuff as much as possible.
Information is power.
Otherwise, just buy any BMW with an ext. warranty and do the scheduled maintenance thing if you have the cash to spare.
-Luxo M3
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