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BMW 3-Series (E90 E92) Forum
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Anybody here good with trade in appraisals???
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11-09-2012, 11:04 AM | #2 |
Audaces fortuna juvat
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11-09-2012, 11:37 AM | #4 |
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Edmunds is not good website - couldn't even find how to add the packages to the options - ie sports and premium. Can't get a real price without that info imo
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11-09-2012, 11:38 AM | #5 |
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The best you can do is find what other cars similar to yours are selling for in your area. Problem is the dealer will give you wholesale value wich will be much lower than selling price.
The way to get the best deal is to sell your car yourself. I have used AutoTrader many times to sell cars. When you go to buy a new (or used car) you will get a much better deal when you do not have a trade in.
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11-09-2012, 12:01 PM | #6 |
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you'll never get what kbb, edmunds, or black book is giving you at the dealer UNLESS they are making more money on the car they are selling you. generally a dealer will lowball you $3k+ on a trade in or more. If you get $1500 below trade in thats considered a good deal.
sell the car on craigslist. I sold mine after about 2 months on there for $500 less than what I was asking for it in liquid cash. Dont meet up with people who are too eager to buy the car. 9 times out of 10 they will waste your time and they are trying to lowball you to resell the car. |
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11-09-2012, 12:12 PM | #7 | |
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Quote:
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11-09-2012, 12:17 PM | #8 | |
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Be patient. If you have a "good" car, someone will pick it up privately and you'll get more than what the dealership will offer. The fastest I've sold a car was in 5 days. The longest, approx. 3 months. And have gotten much more every time than what the dealerships were offering.
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11-09-2012, 12:41 PM | #9 | ||
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Drives: 2007 E92 SG 335i 6MT
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Just sold my mothers Cadillac Escalade off Craigslist for about $10k more than Porsche wanted for trade in
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11-09-2012, 12:45 PM | #10 | |
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Yes, generally speaking you will often be able to sell a car privately for more money than a dealer will give even if they're giving a fair trade value vs. lowballing you. "Much better deal" is pretty subjective though, and to be fair one must consider all the aspects not just the dollar signs. In my experience it is easier to do private sale on lower value cars, possibly because shoppers of $5,000 cars seem more likely to go to private sellers than shoppers of $30,000 cars. When you sell your car yourself:
I'm NOT saying not to sell your car privately. It can make a lot of sense as Eric335 mentions above, though $10k suggests Porche dealer was really lowballing the trade. When I was shopping for my BMW, I had one BMW dealer lowball my trade and another basically hit KBB trade. Negotiate trade just like you negotiate price. Either way, know what you're getting into and realistically evaluate two choices. Last edited by gpb; 11-09-2012 at 12:51 PM.. |
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11-09-2012, 01:44 PM | #11 | |
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OP: Take your car to Carmax and have them give you a cash offer. The amount Carmax is willing to give you is what you can expect from the dealer you're buying from. If your selling BMW dealer tells you they can give you several hunderd more than Carmax, then they are doing nothing more than decreasing the amount of discount on the new car you wish to purchase. KBB and Edmunds trade-in values do not represent actual cash value dealers are willing to pay for a car. |
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11-09-2012, 02:00 PM | #12 |
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What about kbb private parry value. I'm trying to buy a 2007 335i and the seller seems to stick by fact that kkb value is 26k and he's already selling it for 24.5.....doubt most people can sell a car for the kbb value right?
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11-09-2012, 02:18 PM | #14 |
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Read what gpb said above. It's all true. Especially the part about sales tax and you need to take that into consideration. The rule about paying sales tax on the difference on a trade in is true here in Ohio also. Ticks me off too. It's like screwing you for selling you car yourself and then buying another car and forcing you to use a dealer.
It really matters how much your car is actually worth. When my youngest daughter turned 17 I was looking for a car for her. Late one night a neighbor down the road calls me and says he is trading his Honda Accord Coupe and the dealer is only offering him $2500. KBB private party at the time was around $4,000. I said heck I'll give you $3,000 for it and he took it. We both made out on the deal. And my daughter loved that car.
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11-09-2012, 02:23 PM | #15 |
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just take it to multiple dealers and have it appraised for a "cash" price, thats true market value
for me, my car books for 15600 fair (kbb) and 17600 good (kbb) I had it appraised at multiple dealers with offers from 16500 to 17000 (not trading in, just them buying it) |
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11-09-2012, 06:10 PM | #16 |
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Take the KBB trade value and subtract 10%. Or just have the dealer logon to his/her Manheim account and show you what they can buy for.
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