2004 e46 M3 - Pricing

[MD318is]

well not the most entertaining thread, but none the less help would be greatly appreciated.

my dad is looking at buying this 2004 m3 laguna seca vert with all the goodies.. its got 6,500 miles on it and the dealer said $52,900. dad is paying with cash.

$52,900 a good/bad/average price? can it go lower?

thanks for any help.

[hammerfang]

if it is certified pre-owned (CPO) from a bmw dealer i'd say thats a pretty good price because CPO gives u a 6 year/ 100k mile warranty from the original in service date, if its from a private seller or non-bmw dealer its about average, see if u can get the original window sticker to compare the purchase price to what they r asking, also check out kelly's blue book (kbb.com) or edmunds.com to get a price, then check autotrader to see how the market is playing for that car

ps-is this the car? this one

[MD318is]

yea thats it. i drove it today.

[hammerfang]

that seems like a pretty good deal, i like the color combo, LSB is my fav color for the e46, but i'd never seen one with a cinnamon interior, good luck with it

[dieselnuts]

considering that he is paying w/cash, I would think the price would be a lot lower. I know a guy that bought a new suburban priced @ about 45K for 30K cash.

[hammerfang]

when he says cash he may mean thats new not financing it, that hes just gonna get one big check for the car, but for that suburban ur friend could prob have gotten it for alot less then 45k even if he financed it cause GM has tons or rebates, u almost never pay the msrp for one of their cars

[Kevin2772]

Sounds to me like its a good deal. That low of mileage for a vert seems like a good price. I guess it all depends on if they have the 19inch rims? SMG? shit like that. The M3's seem to have a knack at holding their value. When i was looking at my coupe, it seems they all are priced relatively close. not a lot of fluctuation in prices.

[MD318is]

yea.. well he bought the car. i was driving it yesterday and its as good as it gets. russell bmw is also allocated 3 of the new m5's and one is up for grabs, so my dad is gonna get his hands on that when they come in which is going to be really something.

[dieselnuts]

Originally Posted by hammerfang

when he says cash he may mean thats new not financing it, that hes just gonna get one big check for the car, but for that suburban ur friend could prob have gotten it for alot less then 45k even if he financed it cause GM has tons or rebates, u almost never pay the msrp for one of their cars

He paid 30K cash, you wont find a new suburban for cheaper than that anywhere. Also he makes beats for Triville, so I know hes got the cash...

[h4rdwire]

Yeah Honestly, for cash for new or used car. If i really wanted a deal i'd bring cold cut cash to the dealer and say to that guy $54,9 ? how about $40 cash ?i'm pretty sure it'll do.

[dieselnuts]

Originally Posted by h4rdwire

Yeah Honestly, for cash for new or used car. If i really wanted a deal i'd bring cold cut cash to the dealer and say to that guy $54,9 ? how about $40 cash ?i'm pretty sure it'll do.

, thats what im sayin

[h4rdwire]

but hey, he's planning on the m5 already....so i guess if you got the cash? why bother

[h4rdwire]

i'd still be bargaining as fuck even if i had the cash

IMO

[MD318is]

i dont think bringing a dufflebag of cash would lower the price of any car from a dealer substantially. it seems actual cash would be more of a pain then a check just written for the amount, or i could just be completely wrong. maybe ill get a briefcase of cash for the m5 and see how that goes.

[hammerfang]

if u bring a check there is a record for the actual amount of money that was exchanged, but cash is more or less untraceable and therefore untaxable, so it would be possible to get a better deal on it.