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      10-08-2013, 11:39 AM   #1
drwillb
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FS: 2009 Z4 35i with CPO warranty

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Asking Price:
Sold

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Item Interest
[COLOR="Red"]3/29/14 Even Lower Price:

[COLOR="Red"]4/26/14 Even Lower Price:

[COLOR="Red"]5/27/14 Even Lower Price:

2009 e89 Z4 s-drive 35i

42,200 Miles

CPO warranty to 11/23/15 or 100,000 miles

Deep Sea Blue/Beige

6 speed manual

Cold package
Headlight washers
Ski bag
Heated steering wheel
Heated seats
Storage package

Premium package
Dimming rear and side mirrors
Lumbar support
BMW assist
Power seats w/memory
Ambient light package
Universal garage opener

Sirius Radio

iPod connection

Factory wind deflector

High pressure fuel pump recall

Battery cable recall

All service done at BMW dealer

Perfect interior condition

Very, very minor stone chips on paint

Overall, excellent condition

Oil service and brake fluid flush done 5/20/14

Photos here:

Enthusiast owned, 20 years BMWCCA member owning 9 BMWs, 5 of them M3s.
This car has received the highest level of care and maintenance and will surely please the new owner.

I didn't think I'd be selling this one so soon, but a new boat is making this sale necessary.


Located in north Jersey


Last edited by drwillb; 11-06-2017 at 07:11 PM.. Reason: lowered price
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      10-08-2013, 11:41 AM   #2
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Price is $32,500, not $32,000
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      10-12-2013, 05:56 AM   #3
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Tough times selling these cars. My local dealer has a dozen off lease cars lined up in front of the dealership. Prices are low and driving down the market.

I can't complain because that's how I bought mine but now I have to take a hit on sell price that I wasn't expecting.
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      10-15-2013, 01:25 PM   #4
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New lower price: $31,500

I just picked up an e46 M3. Gotta get the Z gone.
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      10-15-2013, 02:28 PM   #5
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BUMP for you OP.

N54, 6MT and non sport package is a good combo for someone looking to do engine and suspension mods.

Good luck with the sale.
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      10-17-2013, 01:57 PM   #6
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Quote:
Originally Posted by drwillb View Post
Tough times selling these cars. My local dealer has a dozen off lease cars lined up in front of the dealership. Prices are low and driving down the market.

I can't complain because that's how I bought mine but now I have to take a hit on sell price that I wasn't expecting.
The dozen or so 2011 (most likely) lease returns your dealer has on his lot with asking prices in the high $30's and low $40's should not pose much competition. These cars are priced about 20-25% higher than yours, which is substantial in the used car market. Generally, a different set of buyers with more money to spend will shop those cars.

Your competition is other convertibles in the $30 - $35k price range.

The Z4 is a niche car. Back in 2009 your car probably sat for a while on the dealers lot before you purchase it. The same is true now. It just takes waiting for the right buyer who will pay the right price, which is in the low $30's somewhere.

There is a lot of crap out there in the high $20's and we know the 2009 Z435i is much better than those.
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      10-17-2013, 06:20 PM   #7
drwillb
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Blue, thanks for the inspirational message.

I know it's a niche car and I'm selling at the wrong time of year (I'm in north Jersey and winter is right around the corner) but I don't want to sit on it until March or so. If you add up Nov.-Mar. monthly payments at $500/month, that's an additional $2,500 in loan payments.

Add that to my asking price of $31,500 and you get $34,000. So, if I was to hang on to the car until spring and then manage to sell it for $34,000 (which is at the top end of $ for these cars) I'd walk away with $31,500.

Therefore, I might as well sell for $31,500 right now.

Just my logic and there are many ways to look at the numbers, but I also just want it sold sooner than later.

Bill
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      10-18-2013, 10:08 AM   #8
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Quote:
Originally Posted by drwillb View Post
Blue, thanks for the inspirational message.

I know it's a niche car and I'm selling at the wrong time of year (I'm in north Jersey and winter is right around the corner) but I don't want to sit on it until March or so. If you add up Nov.-Mar. monthly payments at $500/month, that's an additional $2,500 in loan payments.

Add that to my asking price of $31,500 and you get $34,000. So, if I was to hang on to the car until spring and then manage to sell it for $34,000 (which is at the top end of $ for these cars) I'd walk away with $31,500.

Therefore, I might as well sell for $31,500 right now.

Just my logic and there are many ways to look at the numbers, but I also just want it sold sooner than later.

Bill
Yes, many ways to look at it. I made the same analogy as my Z4 is on the market too. I refied a couple years ago, so have a $445/mo payment, but about $400 or 90% of the payment reduces the principle balance. Since it is a 4 year old car, it depreciates less than $400/mo, so my equity actually increases as each month goes by. Here in AZ there is never really a bad time to sell a convertible.
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      10-18-2013, 11:41 AM   #9
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One other tactic to consider is selling your car on consignment at a broker with experience selling those kinds of cars and the clientele who is interested in it.

A friend sold his E36 M3 in Colorado in the dead of winter a year or two ago and got a substantially better price than what he was being offered privately, with very little hassle. Even with the consignment fee (which in his case covered the cost of things like a detail and marketing the car), he was better off financially.
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      10-21-2013, 11:03 AM   #10
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Blue, I'm 1.5 years into a 5 year note, so my monthly payments have a heavier interest load and I won't see the return you'll be able to get.

Nick, I'll look into the consignment thing. Sounds interesting.

Thanks to both.
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      10-21-2013, 11:46 AM   #11
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Nick, I'm still doing my homework on consignment dealers but look at what I found. Good thing your friend didn't get stung.



This scam was reported by CBS Denver on June 15, 2011

Englewood, Colorado - A local car dealer selling vehicles through consignment is being accused of ripping off owners and buyers. Here's what happened. A local man consigned his car with a dealer in Englewood who agreed to sell his car on consignment for him. After the seller's contract was up in 30 days he went back to the dealership and all he found was an empty lot. His car was gone with all the other cars.

The owner was left holding the title with no car and no money.



Article Source: http://EzineArticles.com/6655064
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      10-21-2013, 05:38 PM   #12
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Geez.

That anecdote sort of puts a hole in my advice, huh?
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      10-21-2013, 06:40 PM   #13
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Quote:
Originally Posted by drwillb View Post
Blue, I'm 1.5 years into a 5 year note, so my monthly payments have a heavier interest load and I won't see the return you'll be able to get.

Nick, I'll look into the consignment thing. Sounds interesting.

Thanks to both.
Good point, as the breakout of principle v interest is a factor to consider.
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      10-21-2013, 06:42 PM   #14
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Quote:
Originally Posted by drwillb View Post
Nick, I'm still doing my homework on consignment dealers but look at what I found. Good thing your friend didn't get stung.



This scam was reported by CBS Denver on June 15, 2011

Englewood, Colorado - A local car dealer selling vehicles through consignment is being accused of ripping off owners and buyers. Here's what happened. A local man consigned his car with a dealer in Englewood who agreed to sell his car on consignment for him. After the seller's contract was up in 30 days he went back to the dealership and all he found was an empty lot. His car was gone with all the other cars.

The owner was left holding the title with no car and no money.



Article Source: http://EzineArticles.com/6655064
Yikes.

This is technically just a fancy method of stealing a vehicle. Hopefully his insurance company accepted the theft claim.
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      10-26-2013, 02:58 PM   #15
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Updated photo folder

Last edited by drwillb; 11-06-2017 at 07:12 PM..
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      10-30-2013, 08:37 AM   #16
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car is now on eBay


To view this ad on eBay, please go to the eBay website at eBay.com and enter item number 111202282878 in the search box at the top of the eBay home page.

Last edited by drwillb; 10-30-2013 at 12:50 PM..
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      11-04-2013, 06:03 AM   #17
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FYI: the eBay auction started at $15k and went up to $25,300 with 12 bidders.

There was certainly enough interest, just not enough cash.

Needless to say, the reserve was not met.
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      11-06-2013, 01:47 PM   #18
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Quote:
Originally Posted by drwillb View Post
FYI: the eBay auction started at $15k and went up to $25,300 with 12 bidders.

There was certainly enough interest, just not enough cash.

Needless to say, the reserve was not met.
Interest, but not "genuine" interest. Looks like you have people bidding that are just interested in stealing a car for 20% below market value. NOT!!!

I had a guy e-mail me via CarGurus yesterday asking if I'd "consider" $28,500 for mine. I considered it all right, for about a half a second and told him.....No. He's the type of buyer that is throwing a bunch of crap at the fan and hopes a piece sticks. I do not consider these people serious buyers.

Last edited by BlueZ4Arizona; 11-06-2013 at 01:53 PM..
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      11-11-2013, 02:29 PM   #19
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Your beautiful car is an "enthusiasts" car. Not only are you looking for a BMW buyer for a 5 year old/41,000 mile car, but they have to be looking for a m/t. The number of buyers just shrank considerably.

The upside is 2 years left on the BMW warranty, and the 3.5i. Hang in there, if the condition in person matches the photos, some buyer will want it, and at a price you are ok with.
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      11-11-2013, 06:03 PM   #20
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Quote:
Originally Posted by BlueZ4Arizona View Post
Interest, but not "genuine" interest. Looks like you have people bidding that are just interested in stealing a car for 20% below market value. NOT!!!

I had a guy e-mail me via CarGurus yesterday asking if I'd "consider" $28,500 for mine. I considered it all right, for about a half a second and told him.....No. He's the type of buyer that is throwing a bunch of crap at the fan and hopes a piece sticks. I do not consider these people serious buyers.


I have had people asking me to eat the $4200 MSDs to take over my lease (i.e. pay them $4200 to take over a great lease deal).

I don't blame them for trying but I agree, hang in there OP.

I know if I was personally looking for a E89 to modify with full bolt ons and really turn into a track toy then a manual transmission, N54 with non adaptive suspension like your car would be at the top of my list. Some leftover manufacturer warranty to shakedown any issues is icing.
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      03-29-2014, 08:17 AM   #21
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Bump for new lower price
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      04-26-2014, 04:33 PM   #22
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Bump for even lower price
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