How Much Should I Pay: 2003 BMW 325CI

Question From Steve: What should i pay for a 2003 bmw 325ci it has 68,000 miles on it and the dealer is asking 10,950 ?
Queen of the Road: Hi Steve. Welcome to AutoBragBlog! I’ll go ahead and assume it’s a convertible and not a coupe.
For a 2003 BMW 325CI Convertible with 68,000 miles, wholesale prices range from $13,500 (being in above average condition) to $11,300 (being in average condition) and $9,200 (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 $10,300 to $15,000. 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!

