Is it good idea to buy used bmw 3 series?

mindy · 02-15-2011, 03:31 AM

Hi guys,

I'm new here cuz I'm about to buy a pre-owned bmw 3 series.

I'm going to buy 2007 bmw 3 series with mileage around 70Kfor 28K Canadian...

I don't know much about car and I'm scared it might be a rip off...

pawcio · 02-15-2011, 09:09 AM

here's a tool that can help you decide.

http://www.vmrcanada.com/value_menus/a7bmb.htm

good luck

sski · 02-15-2011, 09:20 AM

I bought mine through the CPO (Certified PreOwned) program. No Regrets.

I assume you're looking at a 328 for 28K. You should be able to get under 25K for a 323 and then you're looking 30K and up once you get into the 335.

sski · 02-15-2011, 09:32 AM

Quote:

Originally Posted by pawcio

here's a tool that can help you decide.

http://www.vmrcanada.com/value_menus/a7bmb.htm

good luck

I just did a quick calc using this tool. A 2007 328 with Sunroof and power seats 70,000kms came out with a retail value of $22525. There is no way a dealer will "give" this vehicle away for $22525. I recall BMW saying the benefits of CPO were valued at about $6300 or something like that, so if you believe that, we end up with a CPO price at a dealer of $28825.

damameke · 02-15-2011, 10:15 AM

To each his own..if $6300 is the figure for CPO,thats expensive
for me I will put that amount in a maintenance account;

To the OP, take your time to check out more cars from autotrader.ca
then average out the cost, comparing the options of the car...

Once you have identify the car you want to buy, get it inspected by a sponsor here...

pawcio · 02-15-2011, 11:37 AM

Quote:

Originally Posted by sski

I just did a quick calc using this tool. A 2007 328 with Sunroof and power seats 70,000kms came out with a retail value of $22525. There is no way a dealer will "give" this vehicle away for $22525. I recall BMW saying the benefits of CPO were valued at about $6300 or something like that, so if you believe that, we end up with a CPO price at a dealer of $28825.

if you are patient and persistant enough, dealers will drop prices quite significantly on pre-owned vehicles. i can see the 28k going for 24k with the right bargaining skills.

cheeba23 · 02-16-2011, 10:39 PM

I think it's a bit high. I just picked up a 2006 e90 330 w/ sport package with 85k for a little under 21k.

Quote:

Originally Posted by mindy

Hi guys,

I'm new here cuz I'm about to buy a pre-owned bmw 3 series.

I'm going to buy 2007 bmw 3 series with mileage around 70Kfor 28K Canadian...

I don't know much about car and I'm scared it might be a rip off...

cheeba23 · 02-16-2011, 10:45 PM

http://toronto.kijiji.ca/c-cars-vehi...AdIdZ260279649

http://toronto.kijiji.ca/c-cars-vehi...AdIdZ252486104

http://toronto.kijiji.ca/c-cars-vehi...AdIdZ258498630

http://toronto.kijiji.ca/c-cars-vehi...AdIdZ245984499

http://toronto.kijiji.ca/c-cars-vehi...AdIdZ251328436

These are just a few and have no idea of the condition ... but i think you can find a better deal than 28k

my 2cents

sski · 02-17-2011, 11:54 AM

Quote:

Originally Posted by pawcio

if you are patient and persistant enough, dealers will drop prices quite significantly on pre-owned vehicles. i can see the 28k going for 24k with the right bargaining skills.

I do tend to agree you should be able to get around 25K if you shop around. Simply hit a few dealers, make it clear you are buying something today and see what they have and what they can do, come up with a price, then move to the next dealer. Don't let any of them tell you..."if you find better a price, call me" My reply is always "well, that tells me you have more room...if yours is the best deal I'll be back today, if someone beats you then I'll buy their car. If you know your sales manager won't let you drop it anymore, then we're done anyway."

Scott C BMW · 03-01-2011, 04:30 PM

I just purchased a 2007 328xi CPO 40K miles sedan for $22K and they had some great financing deals as well. They were originally asking $23.8k, took $22K and then there was an additional $1.5K off for financing so I was quite happy. Has sunroof, HID's, leather (premium package) and cold weather package.

6 Speed manual so I am guessing that helped lower price!

Now to remove the clutch delay...

Now to answer your other questions - If you have never had a BMW before - at least get a car with 2 remaining years on the warranty. If you could afford a 2009, you would also have maintenance covered for at least 1 year (depending on when car sold).

These cars are really good, the 3 is the most common of them all and has the highest reliability. I owned a 95 525i for 10 years, did all work myself and dont regret it one second. It is not practical to do some of the work on these new cars - they must be done by dealer! Simply changing the battery on my 2007 525i was an experience - will leave out the details but be prepared to pay "should" something fail (again that is why I recommend getting at least a CPO warranty and if you can afford a car that still falls with in the 4 year window and mileage - better yet).

BMWdouche · 05-26-2011, 01:27 PM

Had the same dilemma.. I just bought a 06 325 sport.. for MUCH MUCH less than that not CPO.. I agree with Damameke.. put that 6-7K into a savings/maintenance account and let it grow.. first few years should be problem free (there goes your money) and this way you have 8K (with interest) you'll need less than half of that.. for the next 5-7 years.. Plus CPO will find any way possible of blaming it on wear/tear... Just my 2 cents..