Car Buying Advice: First Car, am I getting a good deal?

dof1186

Hi! This is going to be my first car so i really appreciate some advice on the deal i am getting.

I am close to buying (almost bought it today) but decided to give it some "soak time." reaching out to you all for some help and tell me if i am missing something or did i actually get a good deal.

Details:
2016 Audi A7 Prestige 3.0 (Certified Pre-owned)
Miles: 48k
Engine: 3.0L 3.0-liter TFSI V6 engine

- Prestige Package $2,650
- Cold Weather Package$500
- Included Options
- Bang & Olufsen Advanced Sound System $4,900
- Rear Side Airbags$350

Car Fax:
No accidents reported to CARFAX
No damage reported to CARFAX
CARFAX 1-Owner vehicle
Audi Certified pre-owned

KBB price (with options, packages and zipcode)
Fair Purchase Price (CPO): $42,044
Range: $40,008 - $44,079

Dealer price and negotiation:
Dealer Starting price (dec 2018) - $42.6 K
Days on market - 2 months
Dealer price today - $39k

Final Price Negotiated (w/o taxes, title) - $37k

Questions:
1. Is this actually a good deal or am i missing something?
2. The carfax history does not have regular 5k, 15k etc. inspections. But it does have recommended maint performed AND the dealer pre-inspection done.
3. What things should I keep in mind when i go in to buy?
4. Is there things i should watch out for when I check out the vehicle (Again)?

Michaell

dof1186 said:

Hi! This is going to be my first car so i really appreciate some advice on the deal i am getting.

I am close to buying (almost bought it today) but decided to give it some "soak time." reaching out to you all for some help and tell me if i am missing something or did i actually get a good deal.

Details:
2016 Audi A7 Prestige 3.0 (Certified Pre-owned)
Miles: 48k
Engine: 3.0L 3.0-liter TFSI V6 engine

- Prestige Package $2,650
- Cold Weather Package$500
- Included Options
- Bang & Olufsen Advanced Sound System $4,900
- Rear Side Airbags$350

Car Fax:
No accidents reported to CARFAX
No damage reported to CARFAX
CARFAX 1-Owner vehicle
Audi Certified pre-owned

KBB price (with options, packages and zipcode)
Fair Purchase Price (CPO): $42,044
Range: $40,008 - $44,079

Dealer price and negotiation:
Dealer Starting price (dec 2018) - $42.6 K
Days on market - 2 months
Dealer price today - $39k

Final Price Negotiated (w/o taxes, title) - $37k

Questions:
1. Is this actually a good deal or am i missing something?
2. The carfax history does not have regular 5k, 15k etc. inspections. But it does have recommended maint performed AND the dealer pre-inspection done.
3. What things should I keep in mind when i go in to buy?
4. Is there things i should watch out for when I check out the vehicle (Again)?

I'll get some experts over here to give you their opinions on how to spend your money....

qbrozen

Helluva first car. Keep in mind these vehicles are not known for reliability nor resale value.
$37k is a good deal for CPO.

28firefighter

As long as you're prepared for the maintenance costs and repair work once the car goes out of warranty, it is a cool car. Ownership of any European car out of warranty is generally not for the faint of heart.

I would also add, I'm guessing the dealer is going to be eager to move this car. At 48k miles, it is on the higher end of what I think most buyers will accept mileage wise for a CPO car and my guess is once it crosses 50k miles, it is going to lose another chunk of value.