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Real-World Trade-In Values

38947 messages, Last post on Dec 08, 2009 at 12:48 PM
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M3s? Oh yeah they hold their value! Only a rough/mileagey 95 will sell for under $20K at auction... That' a wholesale value of 60% After FIVE YEARS! Put it this way.. A 99 Coupe 5-sp with 27,000 miles, which is high, broke $35K in California at a sale... So if it's a decent mile car.. $39K sounds like a good price to me. Bill |
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I was refering to customer trade ins...not auction cars. I dont know of many dealers who wont give a higher market value on same brand trades, especially if the car was also serviced at the dealership one thing to remember concerning auctions, the independant can't get into the brand factory sale....i.e. BMW factory sale for BMW dealers olny...new car dealers will generally buy factory only sale cars to fulfill most of the inventory and only buy "open auction" cars to supliment any week points. The factory sale cars are on an average 300-700 higher than the same open auction car...but they can be used car certified and warrantied, and as of late low rate financing. Rich |
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Yes, so when a decent popular car comes as an open off-lease the independents many times have to pay MORE for LESS! Also, sometimes you can find even an independent willing to pay more for, say an explorer, than the ford franchise if he needs it. When selling to a dealer you need to find one who wants/needs it just as you would selling to the public. |
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| Thanks, guys. I'm not going to get anything until probably next summer, just wanted to see where the market was now. Hopefully the '01 M3 takes some of the pressure off those prices. I guess we'll see. Both those cars were CPO by BMW (includes 6 yr/100k b to b warranty), so I guess the prices were about right... | |
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Of course you could use the old standbys: end of month on rainy day during slow period (vacation season). After all, it IS a used car! There are also regional effects. In Santa Fe NM, the BMW dealer doesn't sell ANY convertibles. So, if you want a new convertible, they'd sell it cheap to move a unit. But, as far as used M3s go, i'd bet the NEW M3 will cause them to depreciate somewhat. It's GOT to. The engine is MUCH more powerful. There'll be a bunch of M3 loyalists trading in their old ones. For the money you're talking on the used M3 you could prolly get a new 330i sedan or coupe! It's gonna feel very close to the current M3. |
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Again Thanks for the info offered, SO....which cars beside any 4 wheel drive SUV or truck bring high $$$?? There was a time when Saturns were invincible like the Passat seems to be now, are Golfs and Jettas also high return? Diesels? 1.8Turbo? VR6's? VW's use to be mechanical nightmares, how times change... Do all Limited, loaded vehicles return a better % than non-leather, no sunroof, no 16" wheels? Or do they sell faster yet return poorly on dollars invested? Is the vette the only domestic to retain value? (besides 4wd trucks) Do all vehicles which are in rental fleets have poor resale? Name some vehicles the masses can own and see very low depreciation. Thanks, Jack |
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I saw you mentioned Cabrio a few posts back, so I thought I'd give your topic a whirl. How about a '99.5 Cabrio GLS, Green, 5-spd, 7K miles, CD-changer? I hear that these babies have gotten hot since VW started running the Cabrio commercial, so I'm thinking about trading up. Thanks |
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That's worth some money actually.. My Guess is that it ought to be worth $18,000 to perhaps $18,500 on a wholesale level. Green isnt the best color, but its not bad. Depends where in the country you live though... Bill |
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Hanging around this place is really making me want to buy another new car! Last April I bought a 99 Acura TL, Laguna Green, no nav, no other options except mud flaps, wheel locks and (of course) mats. It is in excellent condition, less than 7500 miles. What do you suppose I could either trade it in for, or sell it? Thanks, great topic! Pat Community Leader/Maintenance & Repair Conference |
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My wife and bought a 99 Explorer Eddie BauerV6 4wd with no moon roof on the A plan from Ford because her sister worked for Ford motor credit at the time. We would have never bought it if we had not gotten such a sweet deal. We paid just under 29,000. The sticker was just over $34. I was shocked when checking out Edmunds market value for our car with only 15,000 was just over 22,000. I look in the Sunday Milwaukee Journal Sentine each week and have seen only one Eddie 98 for sale in the last month. Thay are hard to get used here until they come off of lease. I find it hard to believe that this SUV in this market has a market value of only $22+ after 15,000 miles when the 2000 with really no changes is selling for over $30. Especially when the 99 has an updated look over the 98. We probably will not sell it - but we had toyed with the idea while gas prices were insane (still high) in Milwaukee. What is a realistic trade- reatil udes value for a 99 EB explorer in Deep Wedgewood Blue 4WD V6 with no moon roof?
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