I agree with Gresch. What do you want it for? Is it going to be a project car? Track car? Auto-x car? Just to have it hanging around the driveway car? Do you really like the E36 M3's?

It might sound kind of opportunistic but if he's going to take it in the shorts on a trade in you should offer him no more than what the dealer is offering him. He loses nothing on the deal and could even gain a better bargaining position going in on a new purchase without the burden of a trade-in. KBB is a great theoretical price but if he needs to sell now, he needs to take what he can get.

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