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BMW 3-Series (E90 E92) Forum
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I went to SA today to trade for 335i.
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09-10-2006, 12:56 AM | #23 | |
pull my finger to get your kinder® surprise
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well put. And what will you do when there's a facelifted E90 335i?
if you got money to burn in your pocket, well, donate to charities instead of trading in your 330 for the 335, but judging by the fact that your'e pissed about losing that much money by trading in your 330, I see that you don't have money to burn, so keep your car and be happy! Quote:
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09-10-2006, 12:57 AM | #24 | |
pull my finger to get your kinder® surprise
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or really HOT
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09-10-2006, 02:04 AM | #27 | |
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I was going to buy my 330i almost a year ago, but I heard rumors of a 335i. I know it was stupid to wait so long, but I couldn't pass up a BMW twin turbo. Keep your car, but if your a baller trade it in and get a 335i |
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09-10-2006, 02:44 AM | #28 | |
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My car was $48,800 loaded with exception of active steer & cruise. I got $35,790 which is Edmunds True Market Value. Plus I got $1,750.00 off MSRP on 07 335i Sedan. Resale really sucks on BMW's had many other Dealers offer way less. I've had 12 new cars before my BMW & not one have I loss out like this one! They say u really should keep a car 3 years to do better & I will with my 07. |
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09-10-2006, 02:45 AM | #29 | |
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if he leased he would still be stuck with it... Buying or leasing is irrelevant in this scenario... He should have done his homework. |
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09-10-2006, 02:52 AM | #30 | |
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If he bought the car in Jan. and wanted to trade it in March he would have saved a couple of bucks. In addition dealers pay wholesale, not retail and not blue book. Also TAX, TITLE, and all the BS fees, are a total loss...and should not be counted in the amount of money that he takes as a loss..he should sell the car privatly for 40k and get the new coupe. |
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09-10-2006, 02:59 AM | #31 | |
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Who in right mind will give him $40,000 when they can get 07 stripped for way less! |
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09-10-2006, 07:10 AM | #32 |
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I paid $55,000 for my 03M3 in 12/02. I traded it in 11/05 and received $40,000. Since Wa. has a 9% sales tax, I would have had to sell it for almost $44,000 to do better. I paid $64,000 for my loaded 550i 11/05. I asked what I would get if I sold to the dealership to get a 335 and was told $53,000. So the depreciation on my M3 was $5000/year over 3 years; on the 550 it would be $11,000 for 10 months. Not acceptable. I love my 550. It is just more car than I really need.
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09-10-2006, 07:33 AM | #33 |
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If you buy your bimmer via Euro delivery at 1k over invoice you avoid most of this initial depreciation loss. I bought my E90 335 ZSP Montego Blue for 36.9k - $500 for BMWCCA rebate. It would not surprise me if I could turn around and sell it on the retail market in two months for a slight profit. But it's not for sale...
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09-10-2006, 07:59 AM | #34 |
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This is why you should never, ever buy a brand new car unless you plan to keep it for at LEAST 3 years and to really make it worth while you should keep it 5+ years. The dealership knows that if you buy a new car and 2 months later you want a better one that you're making an emotional decision and as we all know when you use emotion to make decisions you put yourself in a position where you can get taken advantage of. Plus there's the fact that if you buy a new car and sell it less then a year later, NO ONE is going to want to buy it if you only get 1K - 3K off what you could buy a brand new one for. That's why the new car depreciates so much the first couple of years because no one will buy it unless there is a discount good enough to make it an attractive deal, otherwise they will just buy a new one. At 49K for a 330i I'm really hoping that includes sales tax. That's just money you throw out the window everytime you buy something and doesn't count when you look at depreciation. Don't forget the dealership doesn't charge tax, they just collect it, so therefore they don't use the sales tax you paid as a factor when they make you an offer for your trade. I had to learn all this stuff the hard way, just look at my sig. I can tell you this though, no new car for me for a long time, I've spent a lot of money and in my mind it was worth it because I'm finally happy
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09-10-2006, 09:30 AM | #35 | |
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09-10-2006, 09:43 AM | #36 |
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Well, I cant blame him for not knowing there was the 335 coming out, we on this forum by no means represent the general BMW buying car public's body of knowledge.
I have a friend, about a month ago, shoot me an IM that he just ordered a 330. (and he is pretty into the BMW scene) I immediately wrote him back, told him to wait, and that the turbo was coming out very soon. Needless to say, he is getting a 335 now, and I think owes me dinner ;-) That being said; its DUMB to TRADE a car in that soon, I would not expect anything less than to take a bath on such a transaction. I want a 335, and it will be my next car, but I can wait a while (till my lease is up, anyway) |
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09-10-2006, 09:45 AM | #37 | |
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09-10-2006, 09:45 AM | #38 |
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Car do not appreciate they depreciate.
Even while you are negoiating at the table your soon to be vehicle outside is already depreciating. In essence the dealer does not really want your used vehicle back, it's just another vehicle they have to move off their lot. They will give you nothing for your trade and then turn around and sell it for more to the next Joe Dirt. Just the way the business is, no matter how well you take care of your car it depreciates, it's not like an investment (house). |
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09-10-2006, 12:54 PM | #39 |
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another thing that most people tend to leave out is that not only did you lose tons of money on the car you're trading in, as soon as you drive your NEW CAR off the lot, you will lose another boatload of money. So if you already lost like $15k over those few months, you will end up losing another $7-8k (taxes and depreciation) as soon as you drive the 335 off the lot.
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09-10-2006, 01:41 PM | #41 | |
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Guy #1: "Hanz, I know zee window switches have always been next to zee shifter in zee 3er cars, but I think ve should move them to zee door!"
Guy #2: "But zee doors are already designed and ve do not have time to re-design them!" Guy #1: "Just make it verk or you vill be verking over at VW!" |
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09-10-2006, 01:42 PM | #42 | |
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Guy #1: "Hanz, I know zee window switches have always been next to zee shifter in zee 3er cars, but I think ve should move them to zee door!"
Guy #2: "But zee doors are already designed and ve do not have time to re-design them!" Guy #1: "Just make it verk or you vill be verking over at VW!" |
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09-10-2006, 01:50 PM | #44 | |
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although I think I would prefer salesman or salesperson in normal parlance
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