Negotiating pre-owned car from a dealer?

Question

How much can you negotiate down a pre-owned car from a dealer (BMW Z4 2003 for example)? Say if it costs 28,000, what should be the final price?

Answer 1

1) Research the car itself--know EVERYTHING about it
2) Research how much it was purchased by the dealer--it should only be a couple thousand above that. How much is it worth new?
3) Are you ready to buy today? (if the salesperson meets your target price--if not, then move on)
4) Do you have your money in order?

What is the highest price you will pay? Stick to that. Don't let him/her talk you down.

Answer 2

your mama! not really,,, actually if you can sweet talk you can get it for 23. heres a tip when you buy a car right off the market your actually paying for the BRAND NAME especially fo bmw's if you get a car that was sold to a dealer imeadietly after its bought (for example) they automaticly knock a couple thousand even if you drove it from the manufacturer to a used car dealer! its called a MANUFACURERS DEDUCTION if you tell a dealer that they already had a M.D. on the car, then YOU can knock a couple thousand off the price too. heres what you do; print out the price for the same car but brand new with no previous owners then subtract that amount from the car that was used and your looking at by 20 percent. if your total is MORE than that amount on that calculator, than you can take off the remainder of that cost with no worries of pissing off the dealer. simple equation 20% of new cartotal = amt dealer didnt have to pay. now take that and see if the dealer is either adding that percentage to your car (bad) or is less than what he paid (good) if it breaks even then just say know about the M.D. and he should go lower

Answer 3

The car is pre-owned therefore you can't be sure that it will be efficient enough like a new one or maybe you are not sure of the car's guaranteed performance anymore. So I suppose since the car is of good model (BMW), i would suggest a much lower price say 23,000-25,000.Becoz you must always assume that a second-hand one will always have immediate defects eventhough how good it will perform at first. The probability of the pre-owned car from a new one is based on how long their good performance will wear out. Always keep that in mind, a good customer always takes user satisfaction as its priority and those dealers must know it! therefore be wise pal.thats part f business ethics.(reasonability)

Answer 4

You have to check around to see what others are selling for. In addition, you will want to know the trade-in value. That will give you some idea of what the dealer might have in the car. The dealer will want to make $1500 to $2000 on that car if they can. You hope to work them down to $500 to $750 profit. Make your offer after getting educated and be prepared to walk away from any deal. When you drool on the hood, the dealer can smell that like baking bread.

Answer 5

Look up car's current value in the Kelley Blue Book. Pick out year, model, etc., input zip code and all options the car has. Go from there....good luck in the 'haggle'.

Answer 6

Check out values for used vehicles on www.kbb.com