Shopping used at BMW dealers - your experience [Archive] - Bimmerfest - BMW Forums

: Shopping used at BMW dealers - your experience

02-10-2011, 08:26 PM
There seems to be lots of discussion on the forum regarding new car buying and the deals that are made. I've been shopping for a used e92 328i mostly at BMW dealers. I'd like to hear from others who did the same thing and how much they were able to negotiate off the dealers asking price or internet price on a used car. Thanks

02-11-2011, 07:07 AM
This comes up all the time, and the answer is "it depends"

The problem is that with used cars, there is no standard mark-up or invoice price like with new cars. You have no way to tell how much the dealer paid for the car or how much markup they have in their asking price. Some dealers mark used cars up $10k+, while others go with a very low markup and try to make their money in volume.

My best advice when used car shopping is to try and figure out the wholesale value of the car you are looking at, add all appropriate costs (realize that the dealer does pay for stuff like new tires and the cpo warranty-- don't think you can get this for free) and add some reasonable profit, and then work from there.