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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > Dilemma...need advice on trading in and getting new E90



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      05-09-2006, 07:22 AM   #1
Hawkshaw
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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?????
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      05-09-2006, 07:26 AM   #2
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Advertise widely (local paper etc.). Take the first offer of 19.9k. It's a 4 1/2 year old car.
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      05-09-2006, 07:27 AM   #3
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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.
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      05-09-2006, 07:42 AM   #4
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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.
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      05-09-2006, 07:45 AM   #5
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Quote:
Originally Posted by afocoryw20
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.
The Acura's long since paid off, so the only added cost of owning both would be insurance on both, which isn't really a factor for a month or two.

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?
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      05-09-2006, 08:04 AM   #6
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Quote:
Originally Posted by stressdoc
Advertise widely (local paper etc.). Take the first offer of 19.9k. It's a 4 1/2 year old car.
Just for clarification, for your 19.9k selling price you've factor in that I'm in Canada and selling in Canadian Dollars? If so, 19.9k would be extremely low compared to the rest of the market here. A friend at the Acura dealership said they sold the exact same car as mine, same year and everything, but with twice as many km's (90K vs. 43K) for $21,500. If that's representative of the market, then $22K should be more than reasonable.
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      05-09-2006, 08:17 AM   #7
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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.
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      05-09-2006, 08:56 AM   #8
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Quote:
Originally Posted by Hawkshaw
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?????
Oh, how is my Halifax doing, I miss it Good luck with the car sale.
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      05-09-2006, 09:42 AM   #9
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Quote:
Originally Posted by Hawkshaw
Just for clarification, for your 19.9k selling price you've factor in that I'm in Canada and selling in Canadian Dollars? If so, 19.9k would be extremely low compared to the rest of the market here. A friend at the Acura dealership said they sold the exact same car as mine, same year and everything, but with twice as many km's (90K vs. 43K) for $21,500. If that's representative of the market, then $22K should be more than reasonable.
19.9k is still better than the 16.5k that you are being offered as a trade in.
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