Anyone understand the M3 used car market?

[TLLMRRJ]

Just a quick glance, there's a bunch of M3's that have branded Lemon and Salvage titles on AutoTrader, and they are asking prices very close to new cars.

What's up with that? Are they actually getting anywhere close to those prices? Should I be putting up my clean title M3 for sale to make a profit and then order another one??

 

[640k]

likely banking on people that don't read or don't care. if you see a salvage, walk away.

 

[Bill Foster]

BMW M3 models tend to hold their value better than other 3 series.

 

[640k]

BMW M3 models tend to hold their value better than other 3 series.

 

[OCR1]

I have a friend looking to buy his first car. I was steering him toward a used Honda Civic but it turns out that a BMW 3-Series car of the same year and mileage sells for less than the Civic. I guess it makes sense given how unreliable they become when they get to be around 6-8 years old.

 

[TLLMRRJ]

Seriously??

On this forum, M3 = Model 3. What the hell is a BMW??

 

[T3SLAROD]

Lmao

 

[afadeev]

Seriously??

On this forum, M3 = Model 3. What the hell is a BMW??

Everywhere, M3 == BMW ///M3.
TM3 = Tesla Model 3.

Comprende, muchaco?

 

[boriszima]

Just a quick glance, there's a bunch of M3's that have branded Lemon and Salvage titles on AutoTrader, and they are asking prices very close to new cars.

What's up with that? Are they actually getting anywhere close to those prices? Should I be putting up my clean title M3 for sale to make a profit and then order another one??

what is asked does not mean that they will get that price. There is another thread here taking about high prices for used model 3s. Why? Not enough supply

 

[T3SLAROD]

Just go to Carvana, check what they will give you for trade-in, then look to see what they are selling that same model/mileage for.... price gouging.... just to give you an example, in my area my trade in value is $34k and they sell the same one for $42k.

 

[TLLMRRJ]

what is asked does not mean that they will get that price. There is another thread here taking about high prices for used model 3s. Why? Not enough supply

That's the whole point of my thread. What is really going on?? Even the prices on Carvana seem crazy high, and they don't haggle yet they have pending sales.

And it's amazing how many on the market that were owned for very few miles and very short ownership.

It's very different than an average car, and I am wonder what's really going on. Anyone in the car biz know for sure? I can speculate as well as the rest of you, but looking for some real insight.

 

[TLLMRRJ]

Everywhere, M3 == BMW ///M3.
TM3 = Tesla Model 3.

Comprende, muchaco?

Do a search for "M3" on this forum, read all the posts that have M3 in them referring to the Model 3, and then say that again. I expect to see your reply in about a month... LOL

 

[ecarfan]

It's very different than an average car, and I am wonder what's really going on. Anyone in the car biz know for sure? I can speculate as well as the rest of you, but looking for some real insight.

Demand exceeds supply.

 

[tvad]

I have a friend looking to buy his first car. I was steering him toward a used Honda Civic but it turns out that a BMW 3-Series car of the same year and mileage sells for less than the Civic. I guess it makes sense given how unreliable they become when they get to be around 6-8 years old.

Yes...run, run, run from a 6-8 year old BMW, unless you have the bank for repairs.

 

[T3SLAROD]

That's the whole point of my thread. What is really going on?? Even the prices on Carvana seem crazy high, and they don't haggle yet they have pending sales.

And it's amazing how many on the market that were owned for very few miles and very short ownership.

It's very different than an average car, and I am wonder what's really going on. Anyone in the car biz know for sure? I can speculate as well as the rest of you, but looking for some real insight.

It wouldn't surprise me that Tesla is buying them back.

 

[TLLMRRJ]

It wouldn't surprise me that Tesla is buying them back.

Interesting thought as it relates to robo taxis

 

[OCR1]

I could see Tesla buying back Model 3’s from owners looking to upgrade to another Tesla. But where else are they getting them from? Has anyone heard of a Tesla Model 3 owner selling their car and buying an ICE vehicle? Maybe an upgrade to an X or S? There can’t be that many of them out there.

 

[Urbancowboy]

Should I be putting up my clean title M3 for sale to make a profit and then order another one??

I’ve been wondering the same, not to make a profit but to trade from AWD to Performance without taking a bath.

I checked yesterday and there were ZERO new or used model 3s available through Tesla. Seems my low mileage, super clean AWD could sell for a very good price right now.

It’s a lot of hassle, but I’m mulling it over.

 

[ElectricIAC]

Interesting thought as it relates to robo taxis

Which was obviously BS since they’re turning them back around on their website as fast as they get them back.

Tesla can’t afford to hoard cars for Robotaxi. Maybe later but not now.

 

[TLLMRRJ]

I’ve been wondering the same, not to make a profit but to trade from AWD to Performance without taking a bath.

I checked yesterday and there were ZERO new or used model 3s available through Tesla. Seems my low mileage, super clean AWD could sell for a very good price right now.

It’s a lot of hassle, but I’m mulling it over.

Are you just looking on their website or calling a sales rep? There’s a lot of cars that don’t show up on the site as I learned firsthand. Mine was one of them.