How Much Should I Pay: 2008 BMW 328i
Question From Sri: White 2008 BMW 328i sedan. Base model with IPOD and USB adapter and Bluetooth. Car is a loaner vehicle,
Miles: 14,000
Asking price: $29,000
Includes remainder of factory warranty (2 year 8 months) and extended limited warranty for 2 more years/100,000 miles.
Queen of the Road: Hi Sri. Welcome to AutoBragBlog! $29,000 sounds about right, but try bargaining just to see if they’ll lower the price.
For a 2008 BMW 328I Sedan with 14,000 miles, wholesale prices range from $27,000 (being in above average condition) to $25,600 (being in average condition) and $24,200 (being in below average condition).
A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $26,700 to $29,600. A private seller will usually aim to sell it for 5%-10%.
Check the carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
