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E90/E91/E92/E93 (2006 - 2013)
The E9X is the 4th evolution of the BMW 3 series including a highly tuned twin turbo 335i variant pushing out 300hp and 300 ft. lbs. of torque. BMW continues to show that it sets the bar for true driving performance! -- View the E9X Wiki

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  #1  
Old 10-02-2013, 03:47 PM
335i? 335i? is offline
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Is this 335i worth it?

Hi everyone, new to bimmerfest. I just made this account because I have to make an important decision regarding my next ride!

So I am looking at a 2007 335i coupe with 72k miles that is still under the 100k mile warranty. Original owner, but the car is not is his name, it is still under BMW because he has not finished paying the loan.

He still owes about 20k on the car and he is looking for someone to take over the loan. I am considering doing this but I'm not sure if 20k is too high for this car because it already has been driven 72k miles.

I also have not inspected this car in person yet so I do not know the condition of the car. But say the condition is immaculate and everything works and is great condition, is paying 20k+tax worth it for this?


TL;DR

take over loan for
2007 335i coupe
72k miles
~$20,000 left in payments

worth it?

Last edited by 335i?; 10-02-2013 at 03:50 PM.
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  #2  
Old 10-02-2013, 04:34 PM
LBK335i LBK335i is offline
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seems a little steep in price for an '07 with those miles. As far as the warranty goes, factory warranty runs out after 4 years or 50K miles, which ever comes first. You might want to look into that....UNLESS you're talking about an extended warranty the current "owner" may have purchased & financed?
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Last edited by LBK335i; 10-02-2013 at 04:35 PM.
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  #3  
Old 10-02-2013, 04:38 PM
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thekurgan thekurgan is offline
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I doubt many 335i are immaculate at 72k, and if so, the price is too high. See if you can get a PPI done on it, and encourage the examination of the intake area and suspension.
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  #4  
Old 10-02-2013, 04:45 PM
335i? 335i? is offline
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When I spoke with BMW, I told them that the car has already been driven 72k miles, could the price be reduced? The representative said that it is not the sale price, but what is owed on the car so it is not possible to reduce the cost.
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  #5  
Old 10-02-2013, 06:27 PM
Ilovemycar Ilovemycar is offline
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It is overpriced, but being overpriced didn't stop me from buying my car, when I saw it I had to have it. I had passed on similar cars for less money, just making a point. Anyway, I ran a quick Edmunds search on a 72K, 18" wheels, didn't play with options, white, IMMACULATE (highest level of 5), in California, it spat at out me $17.8K dealership, and $15.9K private party. You can play with other similar sites, look up the local classifieds, and this will give you an accurate idea of what the market looks like... It shouldn't be too hard to figure out...
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  #6  
Old 10-02-2013, 06:59 PM
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daders daders is offline
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Is this 335i worth it?

Nobody here can say for sure until you list out options on the car...at first glance it seems like a bad deal as a quick CPO model search on bmwusa yields 2 2008 335i models with 45k and 56k miles for $20k and $18.9k, respectively. Not sure what your price range is but I'd be doing a lot of research on the options in the car and seeing what is comparably equipped and cost. It'll be difficult to find CPO's because of the MY and mileage you are considering.


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  #7  
Old 10-02-2013, 07:12 PM
335i? 335i? is offline
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Taken from the listing:

Clean Title
72k Miles
Automatic
Red metallic exterior w/beige leather interior (beautiful combination and best looking 335i)
No accidents, clean carfax
100k Powertrain Warranty through Fremont BMW
Transferable.

All maintenance up to date. Recently replaced sparkplugs, cabin filter, oil/filter, brakes, alignment was done as well.

All recalls taken care of, fuel pump, injectors etc with receipts from BMW and still covered if failure occurs again. Cars runs powerful

Premium Package
-Universal Garage Door Opener
-Digital Compass Mirror
-Auto-dimming Mirrors
-Auto-dimming rearview mirror
-Lumbar Support
-BMW Assist

Sport Package
-18" wheels /w RFT performance tires
-Sport Seats
-Sport-tuned Suspension
- DVD
- Navigation
- Twin Turbo

Active Steering, Comfort Access, Navigation, HID's with Adaptive Lighting, Rain-sensing Wipers, iPod with USB/AUX, Sirius Satellite Radio, Logic7 Premium Sound, Moonroof

------------------------

And since I will be taking over the loan should I actually go forward with this, I would be paying roughly $391/month for 60 months, that is including interest, but they told me If I paid early the total would come out to be ~20k
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  #8  
Old 10-02-2013, 08:23 PM
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daders daders is offline
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So the two packages and leather MSRP'd for about $5k and active steering was another $1150. I couldn't find the sedan suggested retail pricing guide online but can tell you on the 335i coupe the logic 7 was standard, there was no rain sensing wiper as option so that must be standard along with moonroof. The USB iPod thing wasn't listed as an option either. Here is the link: http://www.e90post.com/forums/attach...5&d=1152216122 This is what ticks me off about these sales guys is they double list things as well as standard equipment. I personally wouldn't offer more than $17500 for the car.

I have never taken over a loan so not sure how that works with regards to taxes but if there are no taxes I would buy it just to spite the government

Go to www.bimmershops.com to find an independent BMW shop as nothing beats a good Indy shop pre-purchase inspection to really know the state of the car, for $150 or less it is well worth the price of admission and provides real negotiating leverage.

I'm confused, how are there still 60 payments remaining on a 2007? Potentially 10 yrs of payments on one car is insane.
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Last edited by daders; 10-02-2013 at 08:25 PM. Reason: Link for retail pricing guide
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  #9  
Old 10-02-2013, 09:14 PM
335i? 335i? is offline
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Hmm im not too sure about that. Could it be that since I am taking over the loan they are they starting the cycle all over? The "owner" of the car told me he had already paid for half of the total already.
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  #10  
Old 10-02-2013, 09:47 PM
pmcu pmcu is offline
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Is this 335i worth it?

Making a six year loan on a 07 is a bit crazy, by the time it's paid off it will be a 14 year old car...

The original owner should take the hit regardless how much is owed, then the car sold at market price...


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  #11  
Old 10-02-2013, 10:17 PM
335i? 335i? is offline
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Quote:
Originally Posted by pmcu View Post
The original owner should take the hit regardless how much is owed, then the car sold at market price...
Can you explain what you mean by this? I think I sort of get what you are trying to say, like he should just stop making payments and tell BMW he don't want the car anymore so BMW will sell it as a pre-owned or cpo?

What would this process look like starting with the "owner" telling BMW he don't want this car anymore and stops making payments..
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  #12  
Old 10-02-2013, 10:47 PM
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CALWATERBOY CALWATERBOY is offline
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Quote:
Originally Posted by 335i? View Post
Hi everyone, new to bimmerfest. I just made this account because I have to make an important decision regarding my next ride!

So I am looking at a 2007 335i coupe with 72k miles that is still under the 100k mile warranty. Original owner, but the car is not is his name, it is still under BMW because he has not finished paying the loan.

He still owes about 20k on the car and he is looking for someone to take over the loan. I am considering doing this but I'm not sure if 20k is too high for this car because it already has been driven 72k miles.

I also have not inspected this car in person yet so I do not know the condition of the car. But say the condition is immaculate and everything works and is great condition, is paying 20k+tax worth it for this?

You are asking an Internet forum to recommend your purchasing decision.

Stop. Stop what you're doing. Are you at rest? We'll wait.

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Yes....yes....calm your mind.....let the internal dialog cease, be truly as one with the infinite universe....

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You realize that all knowledge is open to the diciplined mind, the peaceful mind, like a pond as still as glass....

The answer lies within, and it is this:

WE CAN'T SEE MUCH LESS INSPECT THE VEHICLE, SWAMI!

WE CAN'T POSSIBLY GIVE YOU RELEVANT ADVICE!

MAKE YOUR OWN WAY IN THE WORLD!

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Last edited by CALWATERBOY; 10-02-2013 at 10:51 PM.
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  #13  
Old 10-02-2013, 11:04 PM
335i? 335i? is offline
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I don't see anything wrong with that. So far the information I am getting here is very helpful and highly appreciated.

Last edited by 335i?; 10-02-2013 at 11:05 PM.
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  #14  
Old 10-03-2013, 12:45 AM
335i? 335i? is offline
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Would it be possible to do what that guy did; buy a new (2013 or 2014) 335i coupe and pay monthly, then after 50% of payment is made and 5 years down the road, list the ad on craigslist or whatever and try to get someone to take over the loan?
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  #15  
Old 10-03-2013, 12:49 AM
335i? 335i? is offline
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So essentially I will still be paying half the price but for a brand new car. How feasible is this idea?
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  #16  
Old 10-03-2013, 06:24 AM
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daders daders is offline
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Quote:
Originally Posted by 335i? View Post
Would it be possible to do what that guy did; buy a new (2013 or 2014) 335i coupe and pay monthly, then after 50% of payment is made and 5 years down the road, list the ad on craigslist or whatever and try to get someone to take over the loan?
Anything is possible...what you need is to find a good financial advisor; I can and will no longer be of aid as my knowledge and effort is clearly useless from this point forward. Best of luck with your decision.
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  #17  
Old 10-03-2013, 07:28 AM
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need4speed need4speed is offline
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I'd shop around more, or make a much lower offer. As someone said above, finishing up your payments on a 14 year old car is not a good idea. If you can talk the price down it might work out much better. N4S
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  #18  
Old 10-03-2013, 07:42 AM
sunny5280 sunny5280 is offline
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I don't see $20K being unreasonable for this car. Within 100 miles of the Denver metro area there are seven 335i coupes for sale. All have asking prices of $22K or more. Some have more miles, some less. Model years are 2007 through 2009 (the upper limit I searched on). This vehicle appears to be very well optioned and has an extended warranty. If it's in good condition it's worth consideration.

As to price the amount is what your friend owes on the car. What is owed may not be the same as what the car is worth. If you feel the car is worth less than the $20K then you need to negotiate that with your friend. On the flip side if the car is worth more you're getting a discount from your friend. Since the idea is to take over the loan it sounds as if your friend wants to be rid of it and he may be unwilling to put any of his own money to pay the difference of what is owed and what you're willing to pay.

Personally I would never assume a loan. My recommendation is to obtain your own financing and buy the car instead.

Last edited by sunny5280; 10-03-2013 at 07:43 AM.
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  #19  
Old 10-03-2013, 07:53 AM
RobertoCervezas RobertoCervezas is offline
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Quote:
Originally Posted by 335i? View Post
So essentially I will still be paying half the price but for a brand new car. How feasible is this idea?
That is not how it works at all so I'd stop that train of thought right now. It sounds like the owner of this car planned poorly and now owes more than the car is worth. Go look at the car first to see if it's in good shape, do some research, and see what the car should be worth. Offer him this much money for the car. Just because the balance on his loan is for a certain amount doesn't mean this is how much you need to pay for it. Since it looks like it is overpriced, keep in mind that your bank will also see what it should be worth and will only give you a loan up to a certain amount to protect themselves as well.
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  #20  
Old 10-03-2013, 08:03 AM
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A B Able Truck A B Able Truck is offline
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There are BMWs for sale on almost every car lot in California - and many more for sale by private parties. Negotiate - If the seller wants out, tell him/her to kick in $1500>$2000. Also be sure the extended warranty is transferred with BMW - If purchased, you don't want to find out when it's too late that it wasn't.

Last edited by A B Able Truck; 10-03-2013 at 08:05 AM.
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  #21  
Old 10-03-2013, 08:46 AM
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thekurgan thekurgan is offline
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Quote:
Originally Posted by 335i? View Post
Taken from the listing:

Clean Title
72k Miles
Automatic check fluid maintenance
Red metallic exterior w/beige leather interior (beautiful combination and best looking 335i)
No accidents, clean carfax
100k Powertrain Warranty through Fremont BMW What EXACTLY is covered?
Transferable.

All maintenance up to date. Recently replaced sparkplugs, cabin filter, oil/filter, brakes, alignment was done as well.

All recalls taken care of, fuel pump, injectors etc with receipts from BMW and still covered if failure occurs again. Cars runs powerful says who??? was a ppi done?

Premium Package
-Universal Garage Door Opener
-Digital Compass Mirror
-Auto-dimming Mirrors
-Auto-dimming rearview mirror
-Lumbar Support
-BMW Assist

Sport Package
-18" wheels /w RFT performance tires
-Sport Seats
-Sport-tuned Suspension shocks/struts/bushings
- DVD
- Navigation
- Twin Turbo always a long term problem, was carbon build up checked?

Active Steering, Comfort Access, Navigation, HID's with Adaptive Lighting, Rain-sensing Wipers, iPod with USB/AUX, Sirius Satellite Radio, Logic7 Premium Sound, Moonroof

------------------------

And since I will be taking over the loan should I actually go forward with this, I would be paying roughly $391/month for 60 months, that is including interest, but they told me If I paid early the total would come out to be ~20k
These are the only areas I see potential short term financial needs based on the high mileage. If you're willing to risk putting some money into her short term, get a PPI done and drive the car. Interior wear is expected, especially the peeling coating BMW uses on plastic parts within the vehicle.
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  #22  
Old 10-03-2013, 09:10 AM
SuperTerp SuperTerp is offline
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Too steap unless the car had every option.

If the injectors were replaced in the last 10-20 on both sides I might bite given the price to do those

Last edited by SuperTerp; 10-03-2013 at 09:12 AM.
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  #23  
Old 10-03-2013, 07:38 PM
335i? 335i? is offline
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I went to check out the car today and overall it looks very clean. Minor scratches on the back bumper and rims have some bad curb rash on the sides but that's all I could detect today. Tires also look pretty worn out and needs to be replaced. After he makes the next payment the total cost of the car will be down to $19,xxx, which if I were to take over the loan, will be paid off monthly for 60 months.

But of course I don't think I will actually wait 60 months to "own" the car. I will likely pay it off sooner so I will be only paying the principle.

Last edited by 335i?; 10-03-2013 at 07:39 PM.
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  #24  
Old 10-03-2013, 07:43 PM
335i? 335i? is offline
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Some pics of the car









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  #25  
Old 10-03-2013, 07:54 PM
XjohnnyX XjohnnyX is offline
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Mein Auto: 2008 335xi
Just picked up a 2008' 335xi, 33k miles, fairly mint, sports package, tech, winter, 18" rims (no nav or iDrive) ...... 24k.... Pre tax. Some rim scratches and a little dent on the center counsel. I order a replacement counsel for $150 and the rims were refinished for $300.

Johnny

Last edited by XjohnnyX; 10-03-2013 at 08:01 PM.
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