$39,000 sale price but what should i offer?

[pikacha10]

i saw this 2001 bmw 330xi with the premium package and sports package. its sale price is $39,000 and it has about 75,000km on it. what should i offer for it since $39,000 is a bit too high for what its actually worth?

im guessing it was about $53,000 when it was bought
$4,000-5,000 gets taken off when its first driven
maybe another $2,000 taken off per yeasr its been out there
and about $7,000 for all the kilmeters put on it

that about right? what type of offer should i put on it? its a dealership that im trying to get this thing off of so im not sure it their willing to take it down much


i also saw this 2001 bmw 330i for about $38,000 with about 75000km on it and premium package

4000-5000 taken off from the lot
2000 per year out on the road  
7000 taken off for the kilometers put on it

what should the offers on both of them be?
i only plan to buy one of them hopefully but i dont wanna overpay. this ones also at a dealership


if it helps they both have a standard transmission so that should lower the price just a bit

[jeeper]

If I were you I would take your money and buy a brand-new chrysler 300C (340hp).
$39K for an used car is a way too much money...

[davidm]

Got to www.toyota.ca and check out the wholesale/auction value of the car.  That will give you an approximate idea of the "cost" to the dealer of the car.

As a side note, on the xi BMW's the sports package does not change the suspension, its the regular BMW suspension.  I strongly urge anyone considering a BMW to go for the sports suspension, only problem is that rules out the AWD versions.

[toolatecrew]

Well this is the trade in range for a 330i with 75K
Low: $27,725.00     High: $29,975.00

38,000? Way outta wack. They are probaly into it for less than 30K. I'd get a black book from someone take it with me and let them try to talk me UP from blackbook. I'm sure that they will have the standard.."well we inspect and reconditon, new tires etc" Great show me 8K of that and maybe I'll bite. Is there warranty on those cars? BMWs are expensive to repair.

If it were me and Ireally waned the car I wouldn't go any higher than 32K. They will likley not even respond. I tried to buy a used Saab one time that they wanted about 5 K over balackbook for. I woffered them 1 K over and they didn't counter. They jst say we won't negotiate. I went out and bought something else. They still had the car 6 months later.  

If you are willing to wait them out the'll eventually get tired of it being on the lot and come down but I don't look for a quick negotiation unless you are ready to give in to their high prices.

[pikacha10]

i want the bmw but i think the price is over exagerated. both the 330 models are out of warrenty by the end of this year or maybe out already.

more then likely itll be on the lot within 6 months,  so if its still there by then ill put an even lower offer. if they dont accept offers even after that then i guess their not into making money and moving inventory


i just want to know, since their make so much money off trade-ins and mark up the car so much, why wouldnt they take a little profit and get the word spread around that their a good place to deal with?  

do used car dealerships hate it when people offer them something so much lower then what its listed for? those 2 bmw's are pretty high for the use/age and more then likely they paid about 25,000 or so for it. if i offered them $32,000 for one of them would they just tell me to go away?(ive had that happen to me before)

[pikacha10]

hey davidm  

can you provide a link to the toyota page that displays their auction price?

[davidm]

Go to www.toyota.ca
Then find the "Appraise Your Trade-In" link.  It will take you to a mini-version of the Canadian Blackbook website.

[Sterling]

Keep in mind that Blackbook information is based on the database of cars going through auction. Anyone want to guess at the number of 2001 330xi's that have gone through the auction? How many are even on the road in Canada? My point is that the information may be skewed if there are not enough data points. For high volume cars like an Explorer or a Camry, the Blackbook can be very accurate. For low volume cars it can be wildly inaccurate.

I would really have a hard time believing that a dealer would pay $25000 for something and then be able to ask $39000. The only way they could do it was if there were no other cars for sale to compete against (see above point). If you really think this is the case, then the simplest course would be to just go somewhere else and buy a cheaper one. Unless there are no others to buy. Then the dealer can pretty much ask whatever he wants. Supply and demand.  

[Mdxtasy]

If the dealer puchased the car 6 months ago for 37K....you don't expect him to sell it for 31G do you?  When looking for a used MDX, I found dealers selling a 2001 MDX with 90K on the clock for 40K while a 2001 MDX with 75K on the clock was going for 37K.  Same condition.  Reason?  Dealer paid more for the one with 90K....it's not selling but they won't lose money on it.

[pikacha10]

over time wouldnt the dealer lose money just to keep it on the lot?

usually if a car has been in the lot for a long time they usually sell for less. even though they wont lose money on it, they certainly wouldnt gain money off it.if it doesnt sell in over 2 years, what do they do? keep it at the same price and hope someone will buy it?

[toolatecrew]

In the end a car is only WORTH what someone is actually willing to pay for it. If they have people beating down their door to buy the BMW who will pay 37 K then that's what its worth. If there isn't one person withn 1000 Miles that will or can afford to pay 37 K its is WORTH less than 37K.  

If you are willing and able to pay 32 K then go make an offer starting lower if you want but moving it up to 32K if need be. Who really cares if it pisses them off. Its your money. If they get insulted they'll get over it. If 32 K is all you can afford and you really want the car tell them 32K that's alll standing offer (assuming you don't "buy something else" if they get no interest maybe they end up calling you back if not you couldn't afford more anyways  (or so you tell them).  

If they are real jerks when you do buy a car make sure you drive by after you get the new car and see if the BMW is still there. Stop by to show the salesman the 32 K sale he COULD have made instead of 0.

[sirAQUAMAN64]

Excellent points Crew. Your last part reminds me of that scene in Pretty Woman tho ;)

Yes, BMWs are just about the most aspirational brand there is this side of a Ferrari or a Bentley. BMW Canada is in the process of updating or building/revamping their entire retailing network. If you've seen the brand new Parkdale BMW, Toronto BMW, or Budd's in Oakville you know what I mean. These stores are massive, and the atmosphere and sales experience is one of class. BMW believes (probably with good reason) that they can afford to keep pre-owned prices high because of this experience, and their certified pre-owned program as well. They've really kicked the luxury dealer up a notch, and Mercedes-Benz is tryin' to keep up. New BMW sales are rising, and profit from Pre-Owned is contributing to the bottom line just as much.

I would suggest you offer whatever offer you feel is reasonable/can afford. $32K sounds fair to me. Try it - can't hurt. They're not going to immediately say "sure, we can do that - why not?", and I'm sure they'll be somewhat arrogant and say 'but this is a BMW', but stand firm, stay serious, and you may get closer than you expected.  

[johngenx]

Man, I am a hardass when it comes to shopping!  Unless it's something rare I can't find easily, there's no way I would pay a premium for a car.  Now, a super-duper clean 100pt restored 69 911S is worth lots to ME, so if I found the right one, I'd end paying too much, and I wouldn't give a rat's ass 'cause I wanted it.

There are no shortage of clean 2000-2001 BMWs kicking around out there.  If you are not in a big hurry, take some time and shop.  I'd offer under $30K and who cares if the salesperson is offended?  If they can get $39K for the car, why is it sitting there?

Cripes, I saw a nice 2001 740i this morning for $37,000, and that's on a lot, not private sale.  If they're buying 01 740's for $28K wholesale, there's no way they paid a dime more than $30K for that 330.  If they did, and now they have had it while the market drops, well, too bad for them.  That's business.

Now, maybe someone will fall in love with that car and pay top dollar.  That's okay.

[pikacha10]

is it me? or did toolatecrew,siraquaman64 and johngenx posts make sense?

i think ill bring that arguement to the dealerships since 39k is alot.  
im just surprised that they would probably prefer to make large profit from low volume sales rather then larger profits from higher volume sales. then again alot of those prices are inflated to make you talk them down.

i believe 32k is fair since its used and the stuff does to it is unknown, and the factory warrenty is just about to run out so i might be in for a big surprise.

ill go to the dealerships soon and see what they say about 32k

[toolatecrew]

Jst a couple of quick ones. 330 Xi are a bit rarer becuse of AWD but below are 2 with close milaegae for around 32 -33 K. I've seen ones with lower mileage (less than 50 K advertised as HIGH as 42K) so there is a real range. But if they say 32 is too low just tell them you'll drive up to quebec and get one of these with less Km for 32.  

          BMW 330XI 2001
71943 Km.
$32,995.00
Contact : 450-266-0101
Fax : 450-263-9271
Deragon Inc.    
Deragon Inc.
Deragon Inc.
     
         
   
          BMW 330XI 4x4 2001
68000 Km.
$33,995.00
Contact : 514-774-3707
Fax : 514-634-5819
Courtier Automobile Nicolas Racine

[Mdxtasy]

My buddy picked up his 2002 330xi with all the trims (sports package and all) with 9000K for 44K all in....including shipping from Ontairo to Alberta.

[pikacha10]

interesting that its in quebec since i dont know french and i live in edmonton . itll be hard to negotiate unless they know english.

how do you order stuff from ontario if you live in alberta? dont you have to personally go there and order it?

[pikacha10]

forgot the update on the 2 dealerships

the 330i one for 38,000 turned down anything lower them their asking price of 38,000


for the 330xi i was able to talk them down to 35,000 and thats about it. the salesman looked like he was gonna shoot me if i was going to lower it more...

either way their both still way too high

[pikacha10]

hmm

found a 330i for 32,000...
but it was in a previous accident, im assuming that its not good

[Mdxtasy]

If it was minor fender bender it might be OK but you will take a hit if you ever plan on selling it.  Any vehicle with an accident past isn't good.  

No sales person will shoot you.  They won't be pissed off at you either.  It's a game.  If they won't let that car go at that price (and still make money), then they would not have offered it.  ....they won't lose money to sell you a car.