How Much Should I Pay: 2007 BMW 328i
Question: How much should I offer for a 2007 bmw certified 328i with sport package and 21,700 miles? The dealer is asking for $26,900 plus TTL with a drive out price of about $29,900.
Queen of the Road: Hi there. Welcome to AutoBragBlog! Wow, $27k is too high even though it’s certified. Talk it down.
For a 2007 BMW 328i Sedan with 21,700 miles, wholesale prices range from $23,100 (being in above average condition) to $21,200 (being in average condition) and $19,300 (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 $21,200 to $25,400. 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!
