Quote:
Originally Posted by khaye1
you have 4 options
1. turn it in and walk away
2. buy it out
3. sell it to carmax/private party...potential of making some money
4. trade it in...not necessarily for a BMW
depending on your residual...I'd say sell it to Carmax/Private party and pocket the rest of the cash. That car is nicely optioned out with really low miles.
The only thing about private party sale is that it's a PITA since you do not have the pink slip yet
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Thank everyone for the advise. My wife's best friend's dad owns a BMW dealership and pretty much said you where spot on with your advise. He told me a private sell will most likely have a higher return for me.