Is this a realistic deal for a trade?

dekaliber · 03-23-2010, 07:56 AM

I'm looking to trade my Z4 coupe for an M-coupe. I'm thinking I might be able to get it for a 5-6K difference. Do you think that's unrealistic?

My car:
2007 Z4 3.0si Coupe
6-speed MT
Sapphire Black Metallic
Black leather with aluminum trim
Premium Package
Sport Package
M Seats
Heated Seats
14,600 miles

Very well maintained, garaged since day 1, all service records, never smoked in, etc. etc. Some ballpark inquiries have given me 22-23K for the trade-in. I won't know for sure until I bring my car in.

2007 M Coupe
6-speed MT
Sapphire Black Metallic
Black leather with carbon fiber trim
Premium Package
Heated Seats
19,329 miles

1 owner and the warranty is good until 12/2011. It's not a CPO, just a used car dealership I believe. They're listing it at $30K. I've yet to check carfax, but assuming it's clean, do you think the deal (5-6K on top of my trade) would be reasonable? Not sure how much similar cars have been going for lately.

Hawkeye · 03-23-2010, 09:28 AM

Wow, only quoted $22 for your vehicle?!? That is crazy. I thought mine was worth at least that and I have the exact same car except with 41K miles!

I know that nobody is getting $30K for any Z4M so I would think the 5-6K on top of the trade would be definitely doable!

Steve P. · 03-23-2010, 10:54 AM

Careful about the used car lots, have to ask yourself why the car is there in the first place.

dekaliber · 03-23-2010, 10:55 AM

Thanks for your feedback!

I'm assuming dealers are lowballing on their initial trade-in offer by at least 10%, so I'm guessing I have a couple thousand of play based on how much they're willing to come off the list price of the M Coupe.

Based on the listings I've seen, Z4 coupes are listed around the $27K mark and M coupes have generally been $29-32K used and $31-36K CPO. However, I don't have much of a sense for how much they're actually selling for. The MSRP gap is around $10K but I'm not sure what depreciation does after a few years. Anyone else with experience or even an opinion is more than welcome to chime in.

Also, what's everyone's feeling on CPO vs. used? Is the premium worthwhile? Say I can get a M coupe around $29K, would it be worth it to pay $31-32K for a CPO for essentially 2 additional years of warranty?

mousitch · 03-23-2010, 11:28 AM

I think $22k is right. Thats about what Mannheim is on a car with less than 20,000. Of course last I saw was October of last year. Could be plus or minus some now.

dekaliber · 03-23-2010, 12:55 PM

Quote:

Originally Posted by mousitch

I think $22k is right. Thats about what Mannheim is on a car with less than 20,000. Of course last I saw was October of last year. Could be plus or minus some now.

mousitch, do you recall what the manheim was on a M coupe when you last looked?

mousitch · 03-23-2010, 01:52 PM

To be honest I just googled it and found the 21-23 range from October 09. I have a dealer friend at Bmw that I could call. He's a little mad a me though cause I bought my M from someone else in the city.

3002 tii · 03-23-2010, 02:31 PM

we get the point! lol

dekaliber · 03-23-2010, 03:05 PM

Site's been acting funny with posts getting duplicated :P

mousitch · 03-23-2010, 03:30 PM

Sorry...Slow A** computer here at work. Would you have called that a pentapost?

dekaliber · 03-23-2010, 08:59 PM

I've been talking to a dealer who's looking to pick one up at a BMW exclusive auction for me. He seems pretty willing to work for it and I suspect he's looking for at least a $2K profit. Here's one that he found:

2007 Z4 M Coupe
Black Sapphire
Black Nappa Leather
Aluminum Trim
Premium Package
Heated seats
Navigation

BMW factory warranty til 11/05/2011
BMW CPO warranty til 11/05/2013

Does $30K sound like a reasonable offer? Looking on autotrader and the BMW CPO search shows listings for a few used 07 M coupes with comparable miles listed for $31.5K to $35K (there are plenty that are higher). Can any buyers with recent experience provide any feedback on how much dealers have been coming off of CPO prices?

chickdr · 03-24-2010, 09:01 PM

M coupes command a higher price than M roadsters. I think 30K for a low mileage (under 20K) 2007 is a good deal. You will always get low balled on a trade in. Why not try and sell the car on your own then buy your M? You will be in a better position as they only have the selling price to beat you with.

dekaliber · 03-25-2010, 06:52 AM

One advantage to doing a trade in my state is that I only have the pay sales tax on the price difference instead of on the whole car. That's almost a $2000 price difference right there. Add the hassle of a private sale and dealing with people just coming to joyride, and it doesn't make much sense to try selling privately.

chickdr · 03-25-2010, 09:07 AM

The thing is, you will likely get more for your car selling it privately so the difference in taxes could be more than made up for. Joyrides are always a risk, but if you go along with the person you minimize the chances of thrashing the car. There are advantages to both, but I would certainly try a free CL listing and see what happens. The OP has a nice, low mileage, well equipped si coupe which should be sought after. In my case buying privately was preferred as I did not have to pay sales taxes for a private party purchase vs paying taxes at a dealer. I saved 2K by buying privately and the seller still got a fair price.

pigbat · 03-25-2010, 10:31 AM

I wouldn't discourage him from selling it outright (or at least trying). The dealer is offering him a pretty fair price considering the tax savings. I know a guy with a 3.0si sitting on his lot (clean car history less than 7k miles) and he can't get 25k for it. It's been there for 6 months. The trade may be the best option.

gonerogue · 03-25-2010, 04:27 PM

Quote:

Originally Posted by chickdr

...In my case buying privately was preferred as I did not have to pay sales taxes for a private party purchase vs paying taxes at a dealer. I saved 2K by buying privately and the seller still got a fair price.

For other readers:

Be careful about this and be sure to check your state laws. At least in Maryland, you're subject to normal sales tax (6%), even when buying a car from a private party. http://www.mva.maryland.gov/vehicles...g/titlereg.htm

BU Z4 · 03-25-2010, 05:52 PM

GL with your imaginations or dreams!

chickdr · 03-25-2010, 08:09 PM

Quote:

Originally Posted by gonerogue

For other readers:

Be careful about this and be sure to check your state laws. At least in Maryland, you're subject to normal sales tax (6%), even when buying a car from a private party. http://www.mva.maryland.gov/vehicles...g/titlereg.htm

This is why I said "in my case." Of course, laws vary from state to state.

03-23-2010, 07:56 AM	#1
dekaliber Major 74 Rep 1,143 Posts Drives: '07 Z4MC, '11 JCW, '18 Z06 Join Date: Mar 2008 Location: Los Angeles iTrader: (1)	Is this a realistic deal for a trade? I'm looking to trade my Z4 coupe for an M-coupe. I'm thinking I might be able to get it for a 5-6K difference. Do you think that's unrealistic? My car: 2007 Z4 3.0si Coupe 6-speed MT Sapphire Black Metallic Black leather with aluminum trim Premium Package Sport Package M Seats Heated Seats 14,600 miles Very well maintained, garaged since day 1, all service records, never smoked in, etc. etc. Some ballpark inquiries have given me 22-23K for the trade-in. I won't know for sure until I bring my car in. 2007 M Coupe 6-speed MT Sapphire Black Metallic Black leather with carbon fiber trim Premium Package Heated Seats 19,329 miles 1 owner and the warranty is good until 12/2011. It's not a CPO, just a used car dealership I believe. They're listing it at $30K. I've yet to check carfax, but assuming it's clean, do you think the deal (5-6K on top of my trade) would be reasonable? Not sure how much similar cars have been going for lately.
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03-23-2010, 09:28 AM	#2
Hawkeye Brigadier General 2070 Rep 4,365 Posts Drives: '07 Z4 Coupe, '21 X3, '16 GMC Join Date: Aug 2007 Location: Iowa iTrader: (0) Garage List 2016 GMC Sierra SLT [10.00] 2008 Yamaha R6 [9.00]	Wow, only quoted $22 for your vehicle?!? That is crazy. I thought mine was worth at least that and I have the exact same car except with 41K miles! I know that nobody is getting $30K for any Z4M so I would think the 5-6K on top of the trade would be definitely doable! __________________ 2007 Z4 3.0si Coupe • 6 MT • Black Saphire Metallic • PP • SP 2016 GMC Sierra SLT Z71 Premium Plus 4x4 2017 Harley StreetGlide • Denim Black • V&H Tune 2021 BMW x30i • Phytonic Blue Metallic • Fully loaded
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03-23-2010, 10:54 AM	#3
Steve P. Second Lieutenant 13 Rep 215 Posts Drives: 2006 M Coupe, 2008 M3 Sedan Join Date: Jan 2006 Location: Alberta, Canada iTrader: (0)	Careful about the used car lots, have to ask yourself why the car is there in the first place.
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03-23-2010, 10:55 AM	#4
dekaliber Major 74 Rep 1,143 Posts Drives: '07 Z4MC, '11 JCW, '18 Z06 Join Date: Mar 2008 Location: Los Angeles iTrader: (1)	Thanks for your feedback! I'm assuming dealers are lowballing on their initial trade-in offer by at least 10%, so I'm guessing I have a couple thousand of play based on how much they're willing to come off the list price of the M Coupe. Based on the listings I've seen, Z4 coupes are listed around the $27K mark and M coupes have generally been $29-32K used and $31-36K CPO. However, I don't have much of a sense for how much they're actually selling for. The MSRP gap is around $10K but I'm not sure what depreciation does after a few years. Anyone else with experience or even an opinion is more than welcome to chime in. Also, what's everyone's feeling on CPO vs. used? Is the premium worthwhile? Say I can get a M coupe around $29K, would it be worth it to pay $31-32K for a CPO for essentially 2 additional years of warranty?
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03-23-2010, 11:28 AM	#5
mousitch Dark Sider 129 Rep 1,779 Posts Drives: 2008 Space Gray Z4MC Join Date: Jan 2010 Location: Missouri iTrader: (11) Garage List 2008 Z4M Coupe [7.50]	I think $22k is right. Thats about what Mannheim is on a car with less than 20,000. Of course last I saw was October of last year. Could be plus or minus some now. __________________ [URL=http://imageshack.us/photo/my-images/153/071jt.jpg/] 2008 Space Grey M Coupe-Euro headers-RPI Scoop-Gruppe M CAI-Eisenmann Race Cans-RE X-pipe-ECU Remap with O2 and EGT delete-H&R Sport springs-Zeck CDV delete-Stock Gloss black powder coated wheels-LED Tekarbon Angel Eyes Project-Michelin Super Sports-Hardwired Uniden R7-H&R front and rear spacers-Alarm module added-stereo amp recoded to vert spec settings
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03-23-2010, 01:52 PM	#7
mousitch Dark Sider 129 Rep 1,779 Posts Drives: 2008 Space Gray Z4MC Join Date: Jan 2010 Location: Missouri iTrader: (11) Garage List 2008 Z4M Coupe [7.50]	To be honest I just googled it and found the 21-23 range from October 09. I have a dealer friend at Bmw that I could call. He's a little mad a me though cause I bought my M from someone else in the city. __________________ [URL=http://imageshack.us/photo/my-images/153/071jt.jpg/] 2008 Space Grey M Coupe-Euro headers-RPI Scoop-Gruppe M CAI-Eisenmann Race Cans-RE X-pipe-ECU Remap with O2 and EGT delete-H&R Sport springs-Zeck CDV delete-Stock Gloss black powder coated wheels-LED Tekarbon Angel Eyes Project-Michelin Super Sports-Hardwired Uniden R7-H&R front and rear spacers-Alarm module added-stereo amp recoded to vert spec settings
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03-23-2010, 02:31 PM	#8
3002 tii Lieutenant General 2279 Rep 12,565 Posts Drives: Z4 M, X5, GX460 Join Date: Apr 2008 Location: CT iTrader: (99) Garage List F15 X5 xDrive35i [8.75] E86 Z4 M [10.00] F10 550i (Retired) [9.17] F25 X3 xDrive35i (R ... [9.43] E82 135is (Retired) [9.50] E85 Z4 M (Retired) [9.41] E90 328i xDrive (Re ... [9.25] E86 Z4 3.0si (Retired) [9.20]	we get the point! lol __________________ Follow for latest mods
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03-23-2010, 03:05 PM	#9
dekaliber Major 74 Rep 1,143 Posts Drives: '07 Z4MC, '11 JCW, '18 Z06 Join Date: Mar 2008 Location: Los Angeles iTrader: (1)	Site's been acting funny with posts getting duplicated :P
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03-23-2010, 03:30 PM	#10
mousitch Dark Sider 129 Rep 1,779 Posts Drives: 2008 Space Gray Z4MC Join Date: Jan 2010 Location: Missouri iTrader: (11) Garage List 2008 Z4M Coupe [7.50]	Sorry...Slow A** computer here at work. Would you have called that a pentapost? __________________ [URL=http://imageshack.us/photo/my-images/153/071jt.jpg/] 2008 Space Grey M Coupe-Euro headers-RPI Scoop-Gruppe M CAI-Eisenmann Race Cans-RE X-pipe-ECU Remap with O2 and EGT delete-H&R Sport springs-Zeck CDV delete-Stock Gloss black powder coated wheels-LED Tekarbon Angel Eyes Project-Michelin Super Sports-Hardwired Uniden R7-H&R front and rear spacers-Alarm module added-stereo amp recoded to vert spec settings
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03-23-2010, 08:59 PM	#11
dekaliber Major 74 Rep 1,143 Posts Drives: '07 Z4MC, '11 JCW, '18 Z06 Join Date: Mar 2008 Location: Los Angeles iTrader: (1)	I've been talking to a dealer who's looking to pick one up at a BMW exclusive auction for me. He seems pretty willing to work for it and I suspect he's looking for at least a $2K profit. Here's one that he found: 2007 Z4 M Coupe Black Sapphire Black Nappa Leather Aluminum Trim Premium Package Heated seats Navigation BMW factory warranty til 11/05/2011 BMW CPO warranty til 11/05/2013 Does $30K sound like a reasonable offer? Looking on autotrader and the BMW CPO search shows listings for a few used 07 M coupes with comparable miles listed for $31.5K to $35K (there are plenty that are higher). Can any buyers with recent experience provide any feedback on how much dealers have been coming off of CPO prices?
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03-24-2010, 09:01 PM	#12
chickdr Lieutenant Colonel 140 Rep 1,989 Posts Drives: 2006 M Roadster Join Date: May 2009 Location: Buford, GA iTrader: (0)	M coupes command a higher price than M roadsters. I think 30K for a low mileage (under 20K) 2007 is a good deal. You will always get low balled on a trade in. Why not try and sell the car on your own then buy your M? You will be in a better position as they only have the selling price to beat you with.
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03-25-2010, 06:52 AM	#13
dekaliber Major 74 Rep 1,143 Posts Drives: '07 Z4MC, '11 JCW, '18 Z06 Join Date: Mar 2008 Location: Los Angeles iTrader: (1)	One advantage to doing a trade in my state is that I only have the pay sales tax on the price difference instead of on the whole car. That's almost a $2000 price difference right there. Add the hassle of a private sale and dealing with people just coming to joyride, and it doesn't make much sense to try selling privately.
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03-25-2010, 09:07 AM	#14
chickdr Lieutenant Colonel 140 Rep 1,989 Posts Drives: 2006 M Roadster Join Date: May 2009 Location: Buford, GA iTrader: (0)	The thing is, you will likely get more for your car selling it privately so the difference in taxes could be more than made up for. Joyrides are always a risk, but if you go along with the person you minimize the chances of thrashing the car. There are advantages to both, but I would certainly try a free CL listing and see what happens. The OP has a nice, low mileage, well equipped si coupe which should be sought after. In my case buying privately was preferred as I did not have to pay sales taxes for a private party purchase vs paying taxes at a dealer. I saved 2K by buying privately and the seller still got a fair price.
	Appreciate 0 Quote

03-25-2010, 10:31 AM	#15
pigbat Private First Class 1 Rep 133 Posts Drives: 330i Electric Red Join Date: Apr 2006 Location: Nebraska iTrader: (1)	I wouldn't discourage him from selling it outright (or at least trying). The dealer is offering him a pretty fair price considering the tax savings. I know a guy with a 3.0si sitting on his lot (clean car history less than 7k miles) and he can't get 25k for it. It's been there for 6 months. The trade may be the best option.
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03-25-2010, 05:52 PM	#17
BU Z4 Captain 15 Rep 647 Posts Drives: Big & Small Join Date: Jun 2008 Location: Dallas iTrader: (5)	GL with your imaginations or dreams!
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