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Re: Buy from dealer or private party? (archive)
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Posted by Brett on February 13, 2001 at 21:31:00:

In Reply to: Buy from dealer or private party? posted by Brett on February 11, 2001 at 17:08:59:

Thanks to everyone for the info. I think I'll lean towards private but will still browse the dealers.


So I go down to a non-full circle CPO dealer and they have a 98 silver/grey M3 with 37k miles. The sticker on the car was $39.5K. The lowest I could get them down to is ~$36K. By the time you add in the doc/smog/license/tax, it's up to $41K.

Looking around on the boards and online selling sites, $36K seems a bit high relative to buying from a 3rd party. However, the dealer says their's comes with a CPO warranty of 6yr/100k and guarantees it has never been in an accident, etc.

Some questions:

1. Is it worth paying more to get the dealership warranty?
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.
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?




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