My wife and I are thinking of trading in my E46 M3 and her Audi TT for a 2004 GT3. The TT just sits there most of the time so we figured why not just get rid of it. All it does is collect more dust than miles. The question I have is whether a GT3 I found is priced right. It is a silver/black 2004 GT3 with ~360 miles. I know it doesn't have the carbon fiber option, which I could care less about, or the PCCB brakes. I rather I have the "Big Reds" anyways. Other than this I can't give you more specifics. It has the remaining factory warranty until 2007 I believe and I can purchase the factory extended warranty for $2000. The seller wants $102K for it. Is this priced right or not? Thanks in advance for any and all advice.

 

Silver has good resale and the car's mileage is right, but 102K sounds high to me. Personally, I'd look more in the low-90s for that car. Maybe try to get the seller to include the extended warranty, but the price would still be high IMO.

 

360 miles? Sounds odd- they're too much fun to have only that many miles for an '04. If it isn't optioned too heavily that sounds a little high for a "used" car. Just my opinion...

 

Thank you both for your opinions. GT3 prices are still new to me so I am trying to learn what the going prices are for these cars. I don't want to overpay. If it means not gettig this one so be it.

skl: I was surprised about the low miles as well. The guy selling the car works for the company that owns the dealership. He supposedly has a few pcars and this is the one he uses the least. Too bad for the car.

If anyone can give me some more examples of what they paid for their GT3 and specs I would appreciate it. It will give me some ammo when going in to deal with the salesman. Thanks.

 

if the seller is private, any gt3 once registered even if i had just 1 mile on the clock is worth no more than low 90's. 95k if the seller is greedy and buyer is desperate.

 

Offer 10% less than what the dealership paid for it.

 

I paid 91.5k for an 04 bl/bl with 3.4k miles (MSRP was 105.5k). 102k isn't obscene, but 10k extra for 3,000 fewer miles sounds a bit high. I'd think 95k would be fair. Car sounds like it's at a dealer; ask them to provide you with the MSRP number so you have that extra data.

I too had to pay an extra 2k for the CPO warranty.

 

When I was looking, I actually found quite a few cars with 300 miles - 500 miles on the clock. I think there was a certain cadre of poseurs who initially bought these cars as status symbols and then basically said, "Oh, sh*t, what have I done" driving the car home. At the end of the day, if you're paying more than low-90s for used, you might as well find a new (untitled) one for a little more money with full warranty. Although that's getting harder and harder to do...

 

The car is on consignement but the dealership is not making any money off of this. They are selling it for a guy who works for the owner of the dealership. I will try to find out how much he paid for the car. I think I remember someone saying it was ~$110K. I'll find out for sure later on today. It seems that $90K-$95K is the best price range for this car. I think that $95K will be my limit. Like I said I don't want to pay too much for the car since I know for a fact that some of you guys have paid $90K-$95K for your car. I don't feel that low miles is worth $10K more.

 

Well, that's the problem. Two weeks ago there were only 20 new ones left, dunno how many today. I told my dealer I'd prefer new according to these specs:

bl/bl
low options
10k off sticker

They couldn't find anything. I mean, I figgered if they could get one and only drop 5k they would have tried to offer me that. I put a premium on a local car given my time constraints (opportunity cost), so I was limited to certain dealers. Folks willing to travel to get a car have more options and save a few dollars.

 

frayed: Traveling is not an option since I need to trade in the two cars. Of course I would if it was close enough to take the two cars.

 

Same here. A trade definitely complicates things. I bought my C4S across country and drove it home. It burned 2 days and was not worth the opportunity cost for me. As for the GT3, I needed to trade my C2 so a local car was critical.

Keep working on the seller; I'd work out the trade-in prices on your current rides first, then ask to deal with the seller directly on the GT3 price. No need to have the dealer translate your offers to the actual seller.

Hell, point the seller to this thread!

 

95-98k would be a good deal already

 

I agree with everyone else....$102K is too high. Low $90K's is more like it. You cannot fault the dealer for that. They are in business to make money.

See if your dealer would be willing to provide you with a "courtesy billing" option. Find out what they would give you on trade for your two cars which will obvious be lower than what you would get if you sold them yourself. Then, go sell them yourself and run the sale through the dealership. The dealership would show it as a trade and hopefully only charge you for the paperwork, or at worst, a nominal fee. You get the higher trade-in price for your cars and you pay less in taxes on the difference. The downside is obviously the time it would take to do this. Just a thought.

 

TNGT3: The guy was selling it privately but since I would be trading in my cars he would go through the dealership. I found out that he paid $105K brand new in March of 2004. I still don't see why he would want $102K for it even if it does have 400 miles.

I am already looking for buyers for my E46 M3. I am planning on "trading" it in, selling it through them and getting tax credit. The said they would charge me $1000 for this service. Does this seem fair?