Queen of the Road: Hi M. Welcome to AutoBragBlog! $30.9k is too high. Even though it’s CPO, it’s still on the high side. Here a fair range for you and the dealers ($24,100 to $28,000), but with the CPO, it should be around $28k.
For a 2007 BMW 328i Sedan with 10,500 miles, wholesale prices range from $25,700 (being in above average condition) to $23,800 (being in average condition) and $22,000 (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 $24,100 to $28,000. 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 go
