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Help me with a Trade-In Value
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05-01-2008, 10:04 AM | #1 |
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Help me with a Trade-In Value
Hello, could you give me your opinion on what I should get on tradding in my car for a mostly loaded 135i.
With trading in a car usually if the dealer wants Retail MSRP on their car, then the trade-in should also get Retail. Retail to Retail. If the dealer discounts their can alot (wholesale) then the trade-in should also get wholesale. Wholesale to Wholesale, which is the lowest trade-in value. These examples are figured and estimated for Feb 2009, so purchasing a 135i then should be easier to get a discount off MSRP. Even though people are already getting very good discounts. My car is Edmunds "Consumers Most Wanted" and "Editors Most Wanted" Awards. Anyway here are the numbers, please tell me what a good trade for my car would be, and what YOU think BMW should offer me. Thankyou very much for realistic opinions. 2006 Honda Civic Si in mint condition(excellent) with 17,000 miles. KBB Trade-in value(Wholesale) Excellent $16,925 Good $15,975 Fair $14,310 KBB Dealer Retail $21,580 KBB Private Party $19,210 Edmunds True Market Value Trade-in Value(wholesale) $16,106 Private party $17,479 Dealer Retail(MSRP) $18,562 I figure by Feb 2009 I should be able to get $1,000 off MSRP on the BMW 135i with several options. What would be a fair offer I should accept for my car at that time using the numbers above. I figure $16,000 trade-in and $1,000 off the BMW 135i MSRP. Please tell me what you think. Thankyou very much. 1 more thing. I have seen SEVERAL 2006 Civic Si's with 15-25,000 miles going for $18,900 to $20,500 at dealers now. OOPS, I can't sell myself, I don't have another car for transportation. |
05-01-2008, 10:09 AM | #2 |
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2009 is still far away. Honestly sell the car on your own and bring the buyer to the dealer so you get a tax credit. If the car sells sooner get a shitbox drive it around until youre car gets here.
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05-01-2008, 10:18 AM | #3 |
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what I would do and did was go to carfax get an estimate from them on your civic (usually higher than the dealers offer) then go to the dealer and negotiate for the new car as if you have no trade... Once you have a price on the new car that you like then say you also want to trade in your car and they must match the carmax price and show them the carmax quote....
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Current: 135i, 323i wagon. Sold:GTI Sold: FX45 Sold: E36 M3 |
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05-01-2008, 10:37 AM | #4 | |
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05-01-2008, 10:44 AM | #5 | |
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I CAN'T sell myself, ordering a 135i takes 6-14 weeks. I have no room for another car, and won't buy a beater to save a couple grand. I would just like a number $$$, opinion from the numbers above what I should accept for my trade. From $14,500-$16,900 on the low trade-in value. YOUR opinion on $$$ they will offer me and what I should accept. I WILL try to sell my car myself once I get a decent offer from BMW. That way if I can't sell it myself, or the person who wants to buy my car won't wait until the 1 comes in, I will just trade it. BUT I won't take a VERY low trade like $14,000. Please look above and tell me what to expect. Thankyou, Jeff D. |
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05-01-2008, 10:49 AM | #6 | |
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05-01-2008, 10:49 AM | #7 |
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Based off what you have listed above and my experience with dealers is take what KBB and Edmunds say and knock off a $1000-$1500... So your car would be worth aprox. $15000 or a little more... I think you should be able to negotiate between $1000-$1500 off MSRP on a new car, my car that is on order has a discount in the range.
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05-01-2008, 11:03 AM | #8 | |
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I am optioned now at $40,400 on the 135i. This is the lowest I will take. $1,000 off MSRP so the 135i will be $39,400, and $15,500 for my car. That way I am saving about $1,000 in taxes trading in my car. I just won't accept anything under $15k. They will just turn around and sell the car to a Honda dealer and loose nothing. And with $1,000 off MSRP on the 135i they will still make $2,500 and get the 3-4% dealer kickback from BMW. Thanks. |
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05-01-2008, 11:08 AM | #9 | |
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05-01-2008, 11:18 AM | #11 |
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Thanks brother. I have tradded in many cars and hope I don't get bashed like I have b4. My brother use to sell new and used Nissan's and I know ALOT about cars and dealers. I am new to BMW and hate going into the dealerships. I am an average person who doesn't have any extra cash to blow. I HATE going there, I feel like a skumbag with all the rich people looking at cars.
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05-01-2008, 11:26 AM | #12 |
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I think your offer is more than reasonable, if your dealer won't take it call or stop by the next closest dealer... I would not budge too much from the numbers you are thinking about...
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Current: 135i, 323i wagon. Sold:GTI Sold: FX45 Sold: E36 M3 |
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05-01-2008, 11:33 AM | #13 |
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Great. I figured that would make it a done deal. I will first tell them I have a buyer for my car so I can first deal with just the 135i and tell them I will bring in cash. No BMW financing to get the best deal on the 135i. Then I will tell them the buyer backed out so I need a number on my car. If they take $1k off the 135i and offer me $15.5k on my car I will take the deal. Much less hassle. Then I will put another $7k down. COOL. Thanks Mr. Vivid :w00t:
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05-01-2008, 11:36 AM | #14 | |
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Playing games can work if your asking for a rediculas offer but your offering them a great, fair and easy deal, IMO its a little better for them than you.
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05-01-2008, 11:39 AM | #15 |
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A typical BMW dealer won't even give you trade in value for your car, as they don't want it on their lot. They are going to want to make money selling it to another dealer, who won't buy it at more than or equal to trade in. They all want your car only if they can make money on all transactions. Best bet is to sell it yourself. If you really want to save money, buy a '08 135i next year. They'll be a few around will low miles and many thousands less than the first owner paid. Mine is being delivered next week and I'm already thinking of selling it this time next year.
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05-01-2008, 03:06 PM | #16 |
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jeff,
First off..I though tyou are leasing..didn't you ask about that in another thread? Anyway...in feb 2009 you will be hard pressed to get anymore than 13.5 K from a dealer...if 15k is reasonable now another 10% hit in 8 months is not out of the question. Ordering a car and trying to sell another at the right time is one of the headaches of car ownership. You need a little luck and some great timing |
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05-01-2008, 03:10 PM | #17 | |
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My car is an 07 with 5,000 miles. The idea was to figure out what my 07 with estimated miles will be worth in 10 months. I have done this b4 and its very accurate. |
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05-01-2008, 03:12 PM | #18 | |
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NO WAY I am buying any BMW used, never ever. Thanks for taking the time. Jeff D. |
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05-01-2008, 03:13 PM | #19 | |
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PS. You should sell ur FG2 asap since the 3rd gear problem is out of control now.
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05-01-2008, 03:15 PM | #20 | |
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05-01-2008, 03:22 PM | #21 | |
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05-01-2008, 05:15 PM | #22 | |
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OK...makes sense..then 15 is possible.... still need to time it right if they don't agree...good luck |
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