|
|
|
|
|
|
BMW Garage | BMW Meets | Register | Search | Today's Posts | Mark Forums Read |
|
BMW 3-Series (E90 E92) Forum
>
Dilemma...need advice on trading in and getting new E90
|
|
05-09-2006, 07:22 AM | #1 |
Major
97
Rep 1,013
Posts |
Dilemma...need advice on trading in and getting new E90
Ok, so my e90 should be arriving at my dealership next week. However, I have yet to sell my current car, the proceeds from which are to be used as a down payment on my 330i.
I'm asking $22,900 for my car, but willing to take $22,000 (which is about fair market value). BMW has offered $16,500 on a trade in (surprise, surprise). Here is a link to the car I'm currently trying to sell -> http://www.canadatrader.com/result/d...1&pgno=1&srt=1 My options are: - take the obscenely low trade-in and lose out on $5K - get desperate to sell and really drop the price on my current car, which may not even work - let my e90 sit on the lot at BMW until I sell at a reasonable price (but I can't imagine knowing it's there and not being able to pick it up!) - financing the entire amount of my e90 and paying down a chunk when I sell, therefore having both cars in my name at the same time (financial risk?) Thoughts?????
__________________
Paul
|
05-09-2006, 07:27 AM | #3 |
Lieutenant
12
Rep 456
Posts
Drives: X3 + 325xi
Join Date: Jul 2005
Location: New Jerz
|
I would say it really depends on your money situation..If you can afford to keep both cars until you sell the Acura for the price you want then do so. Otherwise I would try to sell the car for more than BMW is trying to give you on the trade in. Worst case, if all else fails you could get 15K for the car from the dealership.
|
Appreciate
0
|
05-09-2006, 07:42 AM | #4 |
Lieutenant
51
Rep 551
Posts |
I am in a similar predicament. I have an 03 BMW 330i with 14k miles. Dealer is offering me $22k. wtf. they have the exact same car with 28k miles on their lot for $31,985.
u could as some ppl suggested, wait and sell the car urself.
__________________
|
Appreciate
0
|
05-09-2006, 07:45 AM | #5 | |
Major
97
Rep 1,013
Posts |
Quote:
However, I'd have to finance the entire price of the e90 (60K plus tax), putting my monthly payment around $1350 (vs $850 or so if I put 22K down). So, I'd have to pay the higher payment until I sold the Acura, then put 22K or so down on the e90, then renegotiate with my bank to get the payments back down to $850. Sounds like quite a hassle, but is it worth it?
__________________
Paul
|
|
Appreciate
0
|
05-09-2006, 08:04 AM | #6 | |
Major
97
Rep 1,013
Posts |
Quote:
__________________
Paul
|
|
Appreciate
0
|
05-09-2006, 08:17 AM | #7 |
Private
13
Rep 89
Posts |
You could pay off the principle of the e90 when you sell the acura. I don't think it will be a hassle at all. Just make sure you can do it and won't be charged some ridiculous fees with the bank before you finance.
|
Appreciate
0
|
05-09-2006, 08:56 AM | #8 | |
In the delivery business :)
25
Rep 991
Posts |
Quote:
__________________
Born 10/05 '06 325i Jet Black, Black, Sport Package, Xenon's, Heated Seats & Power, Sat. Prep, Rear Spoiler, Chrome Tips, Blacklines, Chrome Grills, 19" M5 wheels NO MORE run flats, drives like a dream now |
|
Appreciate
0
|
05-09-2006, 09:42 AM | #9 | |
Private First Class
1
Rep 148
Posts |
Quote:
__________________
330i : Alpine White : Black Leather : Burl : PP : Step : CWP : CA : PDC : Sunshades : Sirius Prep
|
|
Appreciate
0
|
Bookmarks |
Thread Tools | Search this Thread |
|
|