2008 Coupe for 59 000$

dieseldub · 02-14-2009, 04:08 PM

i found a local m3 black on black, from a dealer with 750 kms for 59 000, i'm sure there is still wiggle room. Have you heard of a better price for a leftover m3?

This car i believe has only the 19' wheel option.

I'm in such a predicament, i can afford an m3, not sure if i "want" to afford an m3? never spend this much money on a car before. What are the programs for an 08 leftover? did they change?

i have 40 000$ that i'm willing to put down and finance the rest.

Mikewarlover · 02-14-2009, 04:12 PM

this is a good deal and go for it make sure you get a really good finance rate like 2 or 3 percent. M3 is the real deal and you won't be disappointed. Plus it will still be a shit fast car 10 years later!

dieseldub · 02-14-2009, 04:15 PM

i know its a good deal, but i'm scared of the black on black. it's jet black

i think i will wait till mid march and see what the market is, if i miss out then i do. but i'm still hesitating for some reason.

Bimmer Nerd · 02-14-2009, 04:16 PM

depends where u live, because if 19's is the only option that the car comes with and costs 59 grand thats a lot imho. i think if you look more and visit some dealerships i think your going to get more for your buck !!

good luck with your decision.

dieseldub · 02-14-2009, 04:18 PM

Quote:

Originally Posted by godora

depends where u live, because if 19's is the only option that the car comes with and costs 59 grand thats a lot imho. i think if you look more and visit some dealerships i think your going to get more for your buck !!

good luck with your decision.

don't forget bro this is canada, pricing is different here. i wish i lived in the states. i'd have a z06 and a 135i

Vise · 02-14-2009, 07:45 PM

For a low mileage demo that is a great deal assuming the finance rate is reasonable... where are you located? I wouldn't hesitate on it personally, even the colour isn't a huge deal... just get tight with a good detailer and it won't be an issue.

Lagos · 02-15-2009, 11:31 AM

Look in this thread for invoice prices and incentives. What does $59K include? Like is it $59K + freight/pdi + $1200 gas tax etc or $59K everything in plus tax?

bulldog_yyc · 02-15-2009, 02:25 PM

why not finance more of it - $40k is alot to put down. Whats the finance rate? You can probably just put down 10k or something, stick the rest in some fixed income investments, or pay down existing debt.

dieseldub · 02-17-2009, 07:38 AM

59000 + tx. this is without negotiating.

i don't want to have a high montly payment. that's why i'm willing to put 40 000$. can someone who'se better at math tell me whether it would be better to lease this car vs. dropping 40k vs. resale value.

which would cost me more in the end, the lease or the depreciation

Jaypod · 02-17-2009, 08:31 AM

Quote:

Originally Posted by dieseldub

59000 + tx. this is without negotiating.

i don't want to have a high montly payment. that's why i'm willing to put 40 000$. can someone who'se better at math tell me whether it would be better to lease this car vs. dropping 40k vs. resale value.

which would cost me more in the end, the lease or the depreciation

Really dont have enough info to tell. Would need to know the borrowing rates for Lease vs. Loan. Also what the residual would be. 750km, is it a demo? As this would also impact residual value. To me, it appears it as already depreciated quite a bit. If you plan on keeping this car for a while, buy it. To lease and then buy out at lease expiry would certainly end up costing you more.

Good Luck!

youyou · 02-17-2009, 08:43 AM

Quote:

Originally Posted by dieseldub

i found a local m3 black on black, from a dealer with 750 kms for 59 000, i'm sure there is still wiggle room. Have you heard of a better price for a leftover m3?

This car i believe has only the 19' wheel option.

I'm in such a predicament, i can afford an m3, not sure if i "want" to afford an m3? never spend this much money on a car before. What are the programs for an 08 leftover? did they change?

i have 40 000$ that i'm willing to put down and finance the rest.

You talking about the one sitting in the showroom at Canbec?

dieseldub · 02-17-2009, 07:11 PM

Quote:

Originally Posted by youyou

You talking about the one sitting in the showroom at Canbec?

that would be the one. another deal went through today and i will be able to buy the car whole without financing. just not sure if i should. Problem is, money comes in a month or two. so now i don't know if the car will still be there.

i'm gonna present the numbers to our accountant, maybe he can make sense for me.

as for me paying 1000 a month on a lease x 48 = 48 000++++$

gone
that money vs. the depreciation, i have to make sense of it.

do these cars depreciate more than 15% a year? if not, what's the usual curve?

youyou · 02-21-2009, 11:39 PM

Quote:

Originally Posted by dieseldub

that would be the one.

If i were you i would grab that white on Bamboo convertible in the showroom...

Lagos · 02-23-2009, 08:07 PM

I think you should buy it if you are gonna keep it for 4-5 years. Lease it for 3 years and under. That has always been my rule anyways. I personally bought mine and not leased.

414AW · 03-09-2009, 11:49 PM

I can relate to your color dilemma. I'd advise you that if you like washing your car and drying it by hand ALOT then go for it. Unlike other colors such as silver or white where you can just wash it down for the day and drive away without worrying bout water marks. Black you can't just wash down and drive off...you'll see water marks everywhere if you don't dry it by hand. I've had a black SUV and black Merc in the past and will never get black again. It's the best color clean. But the worst to keep clean. Example, when I washed and hand dryed my SUV.....drive it around for the day. When I'm back home and its parked in the garage i already can see a film of dust on it. Sucks assss.

Drunk Monkey · 03-10-2009, 07:13 AM

Canadian Black Book on a base 2008 M3 coupe with 1,000km is roughly $54k. If PDI/Freight and gas tax costs are also included in the $59k asking price, then that would appear very close to fair market value.

Keep in mind that cars depreciate by around 30% in the first year, so the dealer has already eaten this expense for you.

I'm not sure what finance/lease programs are still available on the 2008 M3 coupes, but I'm guessing the rates won't be very attractive given that the dealer appears to be giving up its 9% margin and factory incentives in order to move the car.

shagkie · 03-10-2009, 07:21 AM

Quote:

Originally Posted by dieseldub

i know its a good deal, but i'm scared of the black on black. it's jet black

i think i will wait till mid march and see what the market is, if i miss out then i do. but i'm still hesitating for some reason.

Jet black is beautiful when it's clean. All black car look awesome if you can keep them clean. For $59K it seem like a deal.

M3 vert · 03-10-2009, 04:38 PM

Quote:

Originally Posted by shagkie

Jet black is beautiful when it's clean. All black car look awesome if you can keep them clean. For $59K it seem like a deal.

You can probably bargain him down below $59K, i mean if thats what hes asking for that car

M3 Montreal · 03-10-2009, 05:42 PM

That's a really good price! Isn't a new 09 335i fully loaded ,non xi, that price? An m3 for the price of a 335 anyday!

dieseldub · 03-13-2009, 10:09 AM

i think the car sold. i'll have to check, i'm not ready yet, maybe a month from now. I just want to be comfortable with the car. and since it's an m3, i might just buy it, give a nice cash down and finance for 5 years. i don't see myself tiring of this car.

anywho. i'm impatiently waiting. i also made the mistake of driving a 135i, so much fun for the money

sparkyg · 03-13-2009, 10:16 AM

135i is a great car, can't go wrong with it.

Terrible though for more than 2 people and weak storage too.

dieseldub · 03-13-2009, 10:17 AM

Quote:

Originally Posted by M3 Montreal

That's a really good price! Isn't a new 09 335i fully loaded ,non xi, that price? An m3 for the price of a 335 anyday!

do you drive around DDO at all? i think you were the cause for my funny story. I have a construction project on St jean and one day i heard a loud v8 and i see a white m3 flying going south on st jean and i knew it wasn't stock and my reaction was exactly this "fuck me"

my employees started cracking up.

you bastid, your car sounds rediculous? stop by toyz auto art (cousin's shop) for some goodies

02-14-2009, 04:08 PM	#1
dieseldub Private 13 Rep 73 Posts Drives: Join Date: Aug 2008 iTrader: (0)	2008 Coupe for 59 000$ i found a local m3 black on black, from a dealer with 750 kms for 59 000, i'm sure there is still wiggle room. Have you heard of a better price for a leftover m3? This car i believe has only the 19' wheel option. I'm in such a predicament, i can afford an m3, not sure if i "want" to afford an m3? never spend this much money on a car before. What are the programs for an 08 leftover? did they change? i have 40 000$ that i'm willing to put down and finance the rest.
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02-14-2009, 04:12 PM	#2
Mikewarlover Major 40 Rep 1,165 Posts Drives: white Join Date: Oct 2007 Location: Richmond BC iTrader: (0)	this is a good deal and go for it make sure you get a really good finance rate like 2 or 3 percent. M3 is the real deal and you won't be disappointed. Plus it will still be a shit fast car 10 years later! __________________ Modified CDV/Rogue Engineer Short Shifter/ RE Diablo Exhaust/ Matte Black Grill/Lighted ZHP shiftknob/Stubby Antenna / 19inch gunmetal Neez Super Euro Cross on Michelin
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02-14-2009, 04:15 PM	#3
dieseldub Private 13 Rep 73 Posts Drives: Join Date: Aug 2008 iTrader: (0)	i know its a good deal, but i'm scared of the black on black. it's jet black i think i will wait till mid march and see what the market is, if i miss out then i do. but i'm still hesitating for some reason.
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02-14-2009, 04:16 PM	#4
Bimmer Nerd Major General 519 Rep 7,789 Posts Drives: 6MT F80 Join Date: Jun 2008 Location: Santa Monica, CA iTrader: (12)	depends where u live, because if 19's is the only option that the car comes with and costs 59 grand thats a lot imho. i think if you look more and visit some dealerships i think your going to get more for your buck !! good luck with your decision.
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02-14-2009, 07:45 PM	#6
Vise Captain 30 Rep 888 Posts Drives: Porsche GT3 RS Join Date: Feb 2006 Location: Toronto, Canada iTrader: (7) Garage List 2011.75 E90 M3 [10.00]	For a low mileage demo that is a great deal assuming the finance rate is reasonable... where are you located? I wouldn't hesitate on it personally, even the colour isn't a huge deal... just get tight with a good detailer and it won't be an issue. __________________ Current: 2015 Porsche 911 Carrera GTS Sapphire Blue / Black Leather + Alcantara Interior Past: 2013 Mercedes C63 AMG Sedan Magnetite Black / designo Porcelain/Black Leather RIP: 2011 BMW M3 Sedan Alpine White / Fox Red Novillo Leather Past: 2008 BMW M3 Sedan Melbourne Red / Black Novillo Leather
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02-15-2009, 11:31 AM	#7
Lagos Enlisted Member 5 Rep 45 Posts Drives: 18/F15/X5/40e Join Date: Jan 2009 Location: Toronto iTrader: (0)	Look in this thread for invoice prices and incentives. What does $59K include? Like is it $59K + freight/pdi + $1200 gas tax etc or $59K everything in plus tax?
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02-15-2009, 02:25 PM	#8
bulldog_yyc Major General 130 Rep 5,040 Posts Drives: GT3RS Join Date: Oct 2008 Location: probably work iTrader: (28)	why not finance more of it - $40k is alot to put down. Whats the finance rate? You can probably just put down 10k or something, stick the rest in some fixed income investments, or pay down existing debt.
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02-17-2009, 07:38 AM	#9
dieseldub Private 13 Rep 73 Posts Drives: Join Date: Aug 2008 iTrader: (0)	59000 + tx. this is without negotiating. i don't want to have a high montly payment. that's why i'm willing to put 40 000$. can someone who'se better at math tell me whether it would be better to lease this car vs. dropping 40k vs. resale value. which would cost me more in the end, the lease or the depreciation
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02-23-2009, 08:07 PM	#14
Lagos Enlisted Member 5 Rep 45 Posts Drives: 18/F15/X5/40e Join Date: Jan 2009 Location: Toronto iTrader: (0)	I think you should buy it if you are gonna keep it for 4-5 years. Lease it for 3 years and under. That has always been my rule anyways. I personally bought mine and not leased.
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03-09-2009, 11:49 PM	#15
414AW Private 2 Rep 50 Posts Drives: AW E90 08' M3 Join Date: Sep 2008 Location: All around the world iTrader: (0)	I can relate to your color dilemma. I'd advise you that if you like washing your car and drying it by hand ALOT then go for it. Unlike other colors such as silver or white where you can just wash it down for the day and drive away without worrying bout water marks. Black you can't just wash down and drive off...you'll see water marks everywhere if you don't dry it by hand. I've had a black SUV and black Merc in the past and will never get black again. It's the best color clean. But the worst to keep clean. Example, when I washed and hand dryed my SUV.....drive it around for the day. When I'm back home and its parked in the garage i already can see a film of dust on it. Sucks assss. __________________ AW E90 M3 6MT, Exec, M-drive, EDC, Ext Novillo Lth, 19" Wheels, Shadowline, Premium Sound, Heated Seats, USP/IPOD
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03-10-2009, 07:13 AM	#16
Drunk Monkey Private 2 Rep 61 Posts Drives: 2008 E92 M3 AW Join Date: Mar 2008 Location: Toronto iTrader: (0)	Canadian Black Book on a base 2008 M3 coupe with 1,000km is roughly $54k. If PDI/Freight and gas tax costs are also included in the $59k asking price, then that would appear very close to fair market value. Keep in mind that cars depreciate by around 30% in the first year, so the dealer has already eaten this expense for you. I'm not sure what finance/lease programs are still available on the 2008 M3 coupes, but I'm guessing the rates won't be very attractive given that the dealer appears to be giving up its 9% margin and factory incentives in order to move the car.
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03-10-2009, 05:42 PM	#19
M3 Montreal Colonel 68 Rep 2,194 Posts Drives: 2012 M3 SG ,DCT & 2011 S4 Join Date: Oct 2008 Location: Montreal , Canada iTrader: (0)	That's a really good price! Isn't a new 09 335i fully loaded ,non xi, that price? An m3 for the price of a 335 anyday! __________________ 2012 E92-M3 Space Grey on Fox Red, DCT 2011 B8 S4 S-Tronic , Black on magma red
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03-13-2009, 10:09 AM	#20
dieseldub Private 13 Rep 73 Posts Drives: Join Date: Aug 2008 iTrader: (0)	i think the car sold. i'll have to check, i'm not ready yet, maybe a month from now. I just want to be comfortable with the car. and since it's an m3, i might just buy it, give a nice cash down and finance for 5 years. i don't see myself tiring of this car. anywho. i'm impatiently waiting. i also made the mistake of driving a 135i, so much fun for the money
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03-13-2009, 10:16 AM	#21
sparkyg Brigadier General 142 Rep 3,523 Posts Drives: A6 Allroad Join Date: Sep 2007 Location: Oil Country iTrader: (5)	135i is a great car, can't go wrong with it. Terrible though for more than 2 people and weak storage too.
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