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-   -   Need help on pricing for a 2013 X3 loaner (http://www.bimmerfest.com/forums/showthread.php?t=693092)

MikeinOH 04-30-2013 06:52 AM

Need help on pricing for a 2013 X3 loaner
 
Dealer has offered a 2013 X3 28i for sale--with an original price of $46K for$41K; vehicle has 5500 miles on it and loses about 9 months of warranty since it was punched earlier.
Perfect shape--no dings or noticeable wear.

Would appreciate thoughts on what an appropriate offer might be.

The X Men 04-30-2013 07:07 AM

Sometimes these dealers want way too much for their loaner cars because they know there are a lot of people looking for a bargain. With a MSRP of $46K, the invoice price for that car is $41K brand new. You can parbably get a brand new 2013 with a MSRP of $46K for about a $1000 under invoice which is $41K, the same price they want for the loaner car. There is also the $750 BMW loyalty rebate as well. With that said, the most I would pay for that loaner car is about $4000 below invoice since is used, which comes out to about $37K.

UncleJ 04-30-2013 07:43 AM

+1! What they ask and what they get are two different things. The dealer is trying to get the use of a loaner for 5500 miles free, and make a little on it to boot. Remember invoice is not what the dealer pays for a car, that is "dealer cost"!:angel:

MikeinOH 04-30-2013 09:03 AM

Thanks for the info; I was looking maybe to get a CPO '13' there aren't any I could find.
Add to that, I was offered 14.4K on my 08 e90 manual but 50K miles on it and still under the factory ext.warranty. Looking through NADA and KBB I see a value on an car like this in Ex. condition at 16K so the initial offer was way off. They came up a bit but I was hoping to be around $21K + tax and my car, but we are miles apart.

The X Men 04-30-2013 11:33 AM

Considering that your E90 is a 2008, I would use the KBB fair condition value instead of excellent even though the car might still be in excellent shape.

Joe-BMW 05-01-2013 05:02 AM

Quote:

Originally Posted by MikeinOH (Post 7553405)
Thanks for the info; I was looking maybe to get a CPO '13' there aren't any I could find.
Add to that, I was offered 14.4K on my 08 e90 manual but 50K miles on it and still under the factory ext.warranty. Looking through NADA and KBB I see a value on an car like this in Ex. condition at 16K so the initial offer was way off. They came up a bit but I was hoping to be around $21K + tax and my car, but we are miles apart.

I would agree that price it too high, however, if you could get them to CPO it with full maintenance to 100k, then maybe it would be worth a discussion. You aren't going to find a 2013 CPO. Have to wait for them to come off leases probably mid to late next year.

chuck92116 05-01-2013 05:07 AM

Need help on pricing for a 2013 X3 loaner
 
I am not sure they can CPO a loaner. I don't think it is eligible for extended warranty either. OP needs to verify.


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Joe-BMW 05-01-2013 05:12 AM

Quote:

Originally Posted by chuck92116 (Post 7555530)
I am not sure they can CPO a loaner. I don't think it is eligible for extended warranty either. OP needs to verify.


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Good point. I know most of the rules on what they can CPO, never thought about loaners.

IAS 05-01-2013 06:48 PM

the price is high, they wil come down because 2014 are coming soon.

MikeinOH 05-02-2013 06:37 AM

Quote:

Originally Posted by Joe-BMW (Post 7555543)
Good point. I know most of the rules on what they can CPO, never thought about loaners.

Hmm--any reason why a loaner might not qualify for a CPO program? I mean, they know how the car is used and what maintenance has been done, unless cars owned by a dealer are specifically excluded.

plenoach 05-02-2013 05:10 PM

Dealers won't bother CPOing loaners because the value isn't there given then near $2k that it could cost to CPO. When buyers are only losing ~10,000 miles of warranty it just makes the vehicle too expensive (given a near-new selling price). When vehicles are older, further depreciated, and don't have much factory warranty left the cost of CPO is saleable.

Also, most or all of the loaners are registered but not titled, so they are sold as new from a BMW financing and incentives perspective. That could be a reason that they aren't eligible for CPO, but I'm less sure how that works.


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