How Much to Offer?
I'm busily shopping for my first BMW. As I mentioned in another thread, I'm looking for a late model (2006-2008), Certified Pre-Owned sedan with automatic transmission. (My wife will drive the car once or twice per month, so an auto is a must.) I've found several cars I like, and have been testing a few out. So far the leaders are a 2007 328xi, a 2007 328i, a 2006 525i, and a pair of 2006 325i's.
Most of these are from a dealer, but I did find one 2006 330xi from a private party. The car is EXACTLY how I'd order a new car from the factory, but it's a LOT higher mileage than I'd previously considered, 48,000 to be exact. However, it was purchased as a CPO from a BMW dealer, so there's still some decent warranty coverage on the car. I looked up the value of the car using the appraiser on Edmunds.com, and I'm kind of curious on how much I may want to consider offering, if I don't get too hung up on the mileage.
Trade-In value is $22,328
Private Party $24,500
Dealer $26, 407
Kelley Blue Book for a Private Party sale is $22,150.
I guess I'm just sort of confused. Should I consider this a strictly private sale, or does the CPO warranty make a difference? What would you guys recommend paying for a 2006 330xi? For the record, both of the 2007s have under 18,000 miles, and are both priced around $27,000. Am I mistaken by thinking the 330xi would be the most fun to drive out of the bunch? Any advice will be greatly appreciated.