Announcement

**m3f_Gcompete** · 05-19-2005, 02:29 AM

A 98 M3 would smoke your 03 IS300, but $19,600 is a high price for a car that's 8 years old now. I'm selling mine for $14000 on private party and have a hard time making a deal.

**m3f_hubbstar** · 05-19-2005, 02:35 AM

A 98 M3 would smoke your 03 IS300, but $19,600 is a high price for a car that's 8 years old now. I'm selling mine for $14000 on private party and have a hard time making a deal.

Yeah I drove it and had a big smile on my face. I'm a sucker for BMW's and have always loved the M3s. I am glad to hear that $19,600 is too high and that I didn't walk away from a great deal. $14k and having a hard time? What year and how many miles? Maybe I can help you have an easier time

**m3f_badgtho_2cb87af10e** · 05-19-2005, 11:08 AM

14 is way too low IMO, and 19,600 is way to high. though if this is a bmw dealer willing to offer a warranty i don;t think its unreasonable. basically few dealers will make a deal where writing a check is involved, yur lucky you found one.. you can look it is like yur car is worth 20, the bmw is worth 18,600.. still high, but that probably how the numbers wil work out. Or just say hey, my car for a bmw and 1500.. that to me sounds decent.

**m3f_vinnie98M3** · 05-19-2005, 12:41 PM

GCompete you state you have yours for 14K and you are having a hard time are you kidding me. Come on you cant tell me your car depreciated that much in 8 years. I have the sticker for my car and it was 48,xxx new you are telling me 8 years later i am lucky to get 14K or will have a hard time getting that I wont even sell it for that little which i have been offered more and i turned them down. Thats crazy. That is telling me a BMW is not a good investment. I know that is untrue. I think that price is good plus you are getting money from the dealer, they hate to do that. trust me i worked with a few dealerships while in college and if they heard something like that it was an automatic NO deal, thanks but no thanks.

Listen this is my 2 cents I have noticed that people post up selling there car for lower then the value becasue they need the money or they dont care they just want to get rid of it and dont need the money but as of me who is just trying to sell and see if I get a good offer and maybe move on and get something better that is my ideas but if not i will just have to make sure i make more time to drive it and enjoy it more.

**m3f_97BLKM3COU_0f375e15e2** · 05-19-2005, 12:49 PM

If you have the time and patience, offer him $17.5K without a trade. Then sell your car privately for more than $21K.

**m3f_hubbstar** · 05-19-2005, 12:58 PM

If you have the time and patience, offer him $17.5K without a trade. Then sell your car privately for more than $21K.

I am thinking about doing this. Based on my research, I think I can get between $22k and $23k for my IS. I am not sure if they'd do $17.5k even w/o a trade as that's still $4,500 off sticker. Blue book retail on the car is about $19,500. I think $18,500 would be fair? I am not in a position to afford two car payments right now (three including my wife) and am concerned about buying another car without having mine sold first. But if I wait until mine is sold, the M3 will probably be gone and then I'm screwed.

I don't know how willing they'd be to work with me to overcome that timing issue. If I gave them a non-refundable $500 deposit, maybe they'll hold it for me until my car sells or for 30 days, whichever comes first.

Also, I'd probably keep this car for two years, at which point I'd sell and get into something a little larger. What do you think resale will be like on this car in two years assuming I keep the miles down? I'm thinking my IS will really take a hit once the new body style rolls out this fall. It might be a good move to get out now while I can still get a good deal... Thoughts?

**m3f_pabloarchitect** · 05-19-2005, 12:59 PM

Another way to think about your situation is this:

Make the trade and not pay sales tax due to the credit you'll get, otherwise deal with the paying full sales tax on the m3 and then the hassle of selling the lexus in your spare time...and still paying on the note if it's not paid for.

**m3f_hubbstar** · 05-19-2005, 01:00 PM

Another way to think about your situation is this:

Make the trade and not pay sales tax due to the credit you'll get, otherwise deal with the paying full sales tax on the m3 and then the hassle of selling the lexus in your spare time...and still paying on the note if it's not paid for.

In Missouri I can sell my car and roll into a new car and only pay sales tax on the incremental difference. If that weren't the case I wouldn't even consider it, but that's what my friend told me and he works at a BMW dealership.

**m3f_badgtho_2cb87af10e** · 05-19-2005, 01:04 PM

In Missouri I can sell my car and roll into a new car and only pay sales tax on the incremental difference. If that weren't the case I wouldn't even consider it, but that's what my friend told me and he works at a BMW dealership.

you'd pay sales tax on the diff.

**m3f_pabloarchitect** · 05-19-2005, 01:07 PM

For awhile I was considering either an IS300 or 330i as an alternative to an older M3. I need a four door...so a newer one is outta the question. Here's a link with info about a 98 M3 four door in Texas for a little over $17. http://www.cartersahadi.com/m3.htm

Not sure if it's still available...been a couple of weeks.

**m3f_hubbstar** · 05-19-2005, 01:21 PM

For awhile I was considering either an IS300 or 330i as an alternative to an older M3. I need a four door...so a newer one is outta the question. Here's a link with info about a 98 M3 four door in Texas for a little over $17. http://www.cartersahadi.com/m3.htm

Not sure if it's still available...been a couple of weeks.

Thanks. I e-mailed him and will see what he has to say. A 4-door would be nice, but I'm hesitant to purchase sight unseen and then pay for shipping and deal with selling my car.

I just talked to the dealer again and they apparently have no problem cutting me a check, probably becuase they'll turn a nice profit on my IS!

So what's the minimum cash back you guys would do the trade for? $1,500? $2,500? $4,000?

**m3f_pabloarchitect** · 05-19-2005, 01:23 PM

$2k sounds like a good compromise to me

**m3f_hubbstar** · 05-19-2005, 01:47 PM

$2k sounds like a good compromise to me

I just talked to him and he offered $2,200. I can probably squeak to $2,500 if I'll sign today. That's a pretty good deal?

**m3f_hubbstar** · 05-20-2005, 02:15 PM

Can anyone help me make sense of this car's detailed vehicle history and ownership? I was told by the dealer that it was a single owner...

Any way to find out more about the minor accident reported? Any other red flags on this thing?

Year/Make/Model: 1998 BMW M3

Body Style: COUPE

Engine: 3.2L V6 PFI DOHC 24V

Fuel: GASOLINE

Driveline: REAR WHEEL DRIVE

Manufactured in: GERMANY

Safety Equipment: 4 wheel ABS, Dual air bags front and sides/active (manual) belts

Standard Equipment: Power Windows, Power Steering, Air Conditioning, AM / FM Cassette, Power Brakes, 6-digit Odometer

Truth-In-Mileage Check:

GOOD NEWS! No major odometer problems were ever reported by a DMV under the Truth-In-Mileage Act for this 1998 BMW M3 (WBSBG9325WEY78923). If you find that any of the following odometer problems were reported by a DMV and not included in this report, CARFAX will buy this vehicle back. You must register to activate this free guarantee!

Not Actual Mileage Title - issued by DMV when the owner discloses mileage fraud or a broken odometer.

Exceeds Mechanical Limits Title - issued by DMV when the owner discloses an odometer rollover.

Odometer Rollback Check:

CARFAX found no odometer rollbacks for this 1998 BMW M3 (WBSBG9325WEY78923). Rollbacks reported in this section originate from readings collected by a DMV or other verifiable source.

Mileage Consistency Check:

CARFAX found no inconsistent odometer readings in the mileage history of this 1998 BMW M3 (WBSBG9325WEY78923).

Date: Mileage:

12/27/2001 33,108

08/09/2004 44,941

Average miles driven per year 7,092 CARFAX AdvisorTM Compare this vehicle's average annual mileage to the industry average of 15,000 miles per year. Use this comparison to determine how this vehicle was driven.

Ownership History:

CARFAX estimates that this 1998 BMW M3 (WBSBG9325WEY78923) had 2 owner(s). CARFAX analyzed this vehicle's title history and other supporting events to identify potential ownership transfers. In compliance with the U.S. privacy laws, CARFAX does not collect or report owner names or addresses.

Estimated Owners: Date: Location:

1st owner No data No data

2nd owner 12/27/2001 Illinois

Types of Owners:

This 1998 BMW M3 (WBSBG9325WEY78923) was checked for 8 types of registrations.

No Personal Use Registration Reported Fleet Registration Reported

No Lease Registration Reported No Commercial Registration Reported

No Rental Registration Reported No Non-Profit Registration Reported

No Taxi Registration Reported No Built to Non U.S. Standards Record Reported

CARFAX Help Center

Heading Graphic

BMW does not report recall information for specific vehicles to CARFAX.

Go to National Highway Traffic Safety Administration (NHTSA) for a list of all the safety recalls issued for the 1998 BMW M3. You can also contact an authorized dealership or BMW at 1-800-334-4269 to find out if this 1998 BMW M3 (WBSBG9325WEY78923) still has recalls that require repair.

CARFAX Help Center

Heading Graphic

CARFAX searched more than 3 billion records from over 5,300 sources and found 7 record(s) for this 1998 BMW M3 (WBSBG9325WEY78923).

Date:

Mileage Reading:

Source:

General Comments:

03/11/1998 US Customs

Vehicle exported from

Germany

and imported to

Newark, NJ

04/11/1998 Missouri

Motor Vehicle Dept.

Chesterfield, MO

Registered as

corporate vehicle

09/06/2001 Missouri

Motor Vehicle Dept.

Chesterfield, MO

Title #PD131917

Title issued or updated

Duplicate title issued

Loan or lien reported

12/27/2001 Illinois

Motor Vehicle Dept.

Staunton, IL

Title #T1361024030

Title or registration issued

New owner reported

12/27/2001 33,108 Illinois

Motor Vehicle Dept.

Staunton, IL

Title #T1361024030

Title issued or updated

06/27/2002 Missouri

Police Report

Saint Louis, MO

Case #0020077792

Accident Reported

Involving left front impact

with another motor vehicle

08/09/2004 44,941 Missouri

Motor Vehicle Dept.

Saint Louis, MO

Title #PF716008

Title or registration issued

Loan or lien reported

Announcement

Need help on this trade for a 98 M3

Need help on this trade for a 98 M3

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