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X3 F25 (2011 - current)
The latest X3 brings some added style and some new features to the BMW SUV family. Talk about the new F25 now!

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  #1  
Old 04-30-2013, 06:52 AM
MikeinOH MikeinOH is offline
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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.
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  #2  
Old 04-30-2013, 07:07 AM
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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.
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Old 04-30-2013, 07:43 AM
UncleJ UncleJ is offline
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+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"!
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Old 04-30-2013, 09:03 AM
MikeinOH MikeinOH is offline
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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.
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Old 04-30-2013, 11:33 AM
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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.
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Old 05-01-2013, 05:02 AM
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Joe-BMW Joe-BMW is offline
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Quote:
Originally Posted by MikeinOH View Post
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.
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Old 05-01-2013, 05:07 AM
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chuck92116 chuck92116 is offline
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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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Old 05-01-2013, 05:12 AM
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Joe-BMW Joe-BMW is offline
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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.
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Old 05-01-2013, 06:48 PM
IAS IAS is offline
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the price is high, they wil come down because 2014 are coming soon.
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  #10  
Old 05-02-2013, 06:37 AM
MikeinOH MikeinOH is offline
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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.
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Old 05-02-2013, 05:10 PM
plenoach plenoach is offline
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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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