resale of 2oo2

[tendons]

what's a good price range for a 2002 black/black with 9k miles? It's a new orleans car which was NOT flooded.

[blkz8]

I recently (2 months ago) purchased a 2002 certified BMW pre-owned, with 8,500 miles here in southern CA. The car is under waranty for another 3 years.

My car was super clean. Absolutely nothing short of showroom condition.

I also had the chance to spend a lot of time with the original owner of the car, learning everything there is about it.

Carfax was clean too.

Hope this helps.



2005 Toyota Prius
2002 BMW Z8

[macfly]

The chat is here;
Z8 images & info
http:www.bmwz8.us

<img src="http://members.roadfly.com/macfly/avatar.jpg">

[Tony]

My forcing function: buy the best car I can find, not the best price.

Here it goes ...

My car was for sale by owner for $98,900 on ebay. I contacted the owner and started the Q/A phase. The owner was selling the car because in anticipation of his incoming M5.

I was ok with his asking price but wanted the warranty for peace of mind. That's how the dealer (Rusnak) got involved. Rusnak agreed to provide the extended warranty (official BMW pre-owned certification) as well as handling of the paperwork for $2K, which I agreed to pay. Rusnak was also doing this in part as a favor for the seller, who was one of their clients. (My Z8 was originally purchased at Rusnak, too.)

[thegunguy]

For the condition you describe and a CPO, you got a great price. I'm convinced that eBay is the best source finding a good price on Z8s (assuming you do your homework). That's how I "stole" mine.

However, the real winner was the seller as he got to run the car through the dealer as an "in-and-out" trade on his M5. As such, he'll be paying no tax on the new M5 by trading a $98k car on a ~$90k one. I don't know what the vehicle sales tax is in your area, but in Texas, he would have kept ~$5,625 in his pocket.

Again, you got a great deal, but you did the guy a big favor. The least he could do was pony up for the CPO and dealer paperwork cost. Call the guy and demand a case of your favorite beer!

Then again, you got the better car!

[Tony]

but, let that be his reward for taking such good care of my car and, not to mention, covering about 30+K of depreciation :)

[Norcal]

To my knowlege, tax is paid on the full purchase price, regardless of any trade-in. Doesn't soud fair, but such are taxes.

[Norcal]

I've tried to think of a way to get a dealer to CPO my car. Sell to them under contract to buy back at the same price, plus the cost of the CPO, but the $8,500 sales tax would kill the deal.

Any Ideas?

[blkz8]

Can you sell/buyback the car for $1.

I can't imagine there being a law against selling cheap.



2005 Toyota Prius
2002 BMW Z8

[z8.bob]

That is essentially the same thing as CPO. They will not sell you the warranty without inspecting the car first, and correcting any defects. You then end up with the 6 year/100,000 mile limited warranty..
.
.<b><font Alpine><color <Gray> <Size 3>... NEXT ONE is 1 of 150</b>

[Norcal]

I'm already out of warrantee, so I can't get the factory coverage..and Is the coverage the same? "Bumper to bumper" or lots of exclusions?

Not like it's really an option though, because of the cost.

[z8.bob]

and is a limited warranty. On a three year old car, that sounds like 3 but the original is for 4/50K..
.
.<b><font Alpine><color <Gray> <Size 3>... NEXT ONE is 1 of 150</b>

[Norcal]

6/100 starting from scratch, not including any original warantee?

[joea2]

In New York,regardless of what you sell the car for, the DMV collects sales tax based upon the higher of the selling price or their retail sales chart. There are no exceptions for "as is" sales at reduced prices.
Also,you only pay tax on the difference between the purchase price and the trade in.[IMG]

[shadowman]

WOW!!!

So do I understand correctly; that if the retail/sticker price is $200K and yet you pay only $150K they collect based on the sticker value price rather than the purchase price/market value....and when dealing with used they have their own basis of determining value??????

Take care

ShadowmanShadowman