My dad just bought a 2005 M3 for...

andytheturtle · 09:29 PM

2002 not 2005.
$15,000.
Not bad, it is even still under warranty. it has 64,000 miles on it.
My dad works as a head mechanic at a local BMW dealership and got it for a song.
Now if I can just get him to let me drive it.

rammstein · 08-19-2009, 05:08 AM

If everything is straight, that sounds killer.

slow&rusty · 08-19-2009, 05:59 AM

Wow that is cheap...evidently is he was buying the car off the street like anyone of us, he would have paid an easy $7K more for it.

Yasin

onewhippedpuppy · 08-19-2009, 07:39 AM

That's a damn good deal. He could pretty easily make $5k by flipping it, assuming it's in good condition.

rouxroux · 08-19-2009, 07:43 AM

Wonderful deal!

(I bet your Dad has a killer set of tools, eh)?

GG Allin · GG Allin's Garage

They're getting cheap. But parts scare me for those cars. Example, Water Pump E36 M3 - $82. Water Pump E46 M3 - $635.25 WTF? Source, Pelican Parts.

strupgolf · 08-19-2009, 02:26 PM

Well I'm glad I got a e36 M3 and not a e46 M3.

Eric Coffey · 08-19-2009, 05:11 PM

Quote:

Originally Posted by onewhippedpuppy

That's a damn good deal. He could pretty easily make $5k by flipping it, assuming it's in good condition.

I'd say more like $10k+.

So, what's the story with it? Damaged? Salvage title? Sorry if I sound a bit skeptical, but $15k for an `05 (CPO?) M3 sounds like a bit of an embellishment to me (BMW tech or not). If not, it is the deal of the century. That is $5k less than the "rough" trade-in value.

kaisen · 08-19-2009, 08:22 PM

I seriously doubt it

aigel · aigel's Garage

Many dealership mechanics get the option to buy any car coming in for a few hundred dollars over what it was traded in for. It is a perk.

George

andytheturtle · 08-19-2009, 08:52 PM

Quote:

Wonderful deal!

(I bet your Dad has a killer set of tools, eh)?

Yea to the killer set of tools, he also used to be a head tech for a local VW dealership so he helps me quite a bit on my 944.

Quote:

I'd say more like $10k+.

So, what's the story with it? Damaged? Salvage title? Sorry if I sound a bit skeptical, but $15k for an `05 (CPO?) M3 sounds like a bit of an embellishment to me (BMW tech or not). If not, it is the deal of the century. That is $5k less than the "rough" trade-in value.

Nope, clean title with no major damage (the roll bar popped up and popped out the rear window when the prior owner went flying over the rail-road tracks though) the paint is a tiny bit dull and it has a couple of small scratches and a few rock chips but it is good beside that. my dad said the trade in value for is about 15-16 grand for that car in that condition right now.
Someone had traded in my 944 in to the dealership he works at with a bunch of other cars and he got my 944 for $1500 which was the trade in value BMW of Riverside gave to him, so I think he bought the M3 at trade in cost.
I am 99% sure it is still under the original warranty.

Quote:

I seriously doubt it

well he said he paid 15,000 for it and unless he is trying to hide the fact that he payed more for it from my mom, I have no reason to believe he is lying.

kaisen · 08-19-2009, 09:11 PM

'02s with 64K miles still bring $15+ at wholesale auctions.

And pop-up rollbar = convertible, which would bring even more

Something's not right

andytheturtle · 08-19-2009, 09:28 PM

Quote:

Originally Posted by kaisen

'02s with 64K miles still bring $15+ at wholesale auctions.

And pop-up rollbar = convertible, which would bring even more

Something's not right

Sorry it is a 2002 not a 2005. I mis-herd him over the phone.

rnln · 08-19-2009, 09:42 PM

what is not so right about it? Someone blond chick comes with a trad-in. The car worth $20k but the dealer told her $7k. She came out for a coffee and met the head mechanic who was wondering around at lunch. He said hello and she told him her story. The head mechanic offer her $2k more, all cash, and she is more than happy to kiss him and hand him the car for $10k total.