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Smart Shopper Real-World Trade-In Values
38939 messages, Last post on Dec 02, 2009 at 3:28 PM
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get trade-in, private party, dealer retail values.
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Replying to: volvomax (Dec 30, 2008 10:54 am) I'm getting the car for $18K, plus $1430 to CPO the car in order to qualify for BMW's 0.9% financing. Any thoughts?
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Replying to: biker4 (Dec 30, 2008 11:18 am) If anything, not having a certain option, like leather seats, will have a negative effect on resale value. |
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Replying to: vish_dc (Dec 30, 2008 11:28 am) Either way, you are paying close to retail, plus the CPO.
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Replying to: volvomax (Dec 30, 2008 11:33 am) I spoke to a competing dealer who checked and said that my dealer is paying BMW $17600 for the car, so the best he could do is match the $18K. Where/how would I be able to buy a similar car closer to the $15K price?
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Replying to: volvomax (Dec 30, 2008 10:56 am) |
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Replying to: vish_dc (Dec 30, 2008 11:52 am) I think the price you have is fine, you aren't stealing the car, but you aren't getting ripped either. |
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Location: northern NJ 2006 BMW 530xi Wagon Auto transmission 20K miles Metallic silver/silver leather Options: Premium package, xenon headlights, heated seats,parking sensor Condition: Interior - Excellent, Exterior - Good (couple of scratches) Tires: Good Brakes: good Maintenance: all scheduled maintenance has been done (under BMW service plan) Am reading that folks are getting their residuals reduced. Is that because they have bank financing? Thanks. |
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Replying to: yatze (Dec 31, 2008 8:00 am)
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Replying to: soonercat (Dec 31, 2008 9:46 am) They've been "out of line" for years, but now the chickens have come home to roost (as the Chicago minister pointed out). BMW has been sucking up the upside-down residuals for quite awhile, but it's become beyond sustainable. I think it's called a house of cards. The next few years should be interesting for BMW leases.
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Replying to: yatze (Dec 31, 2008 8:00 am) FAIK, BMW Financial doesn't negotiate w/ customers. They might negotiate w/ your dealer though. |
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