Help to buy a branded BMW

[aadvit]

Hi, I am looking to purchase a total loss bmw that has been repaired. If inspection checks out I am wondering what kind of price I should try to snag it for. On kbb a clean title of this is marked around 20k with the given mileage. At the dealer it is marked for 15k but to my understanding a vehicle typically depreciates around 50% under this circumstance. Knowing the dealer still needs to profit what would be a good price to set to achieve. I was thinking around 12-13 but since I am asking I do not know if this is appropriate.

Thanks

[TonyAngel]

A dealer is selling a BMW with a salvaged title? So, you don't mean a BMW dealer, do you? You mean a used car lot, right? In any case, a 50% depreciation is probably a bit optimistic. Maybe 20-30% is more in line, I think. If you're going to buy a vehicle with a salvage title, try to find out what the damage was. If there was anything structural or due to water damage, I'd pass.

Personally, I wouldn't buy any car with a value of more than around $5k with a salvage title because, unless it's different in your state, you can't get full insurance coverage on it. You can get liability coverage and possibly uninsured/under insured motorist, but other coverage may not be available. I sure would hate to put $15k into a car, get into an accident and not have insurance on it.