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Real-World Trade-In Values

38942 messages,  Last post on Dec 02, 2009 at 6:53 PM

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What is this discussion about? Car Buying

Appraise your car get trade-in, private party, dealer retail values.

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#36787 of 38942 Re: 2006 BMW 530 [biker4] by volvomax Dec 30, 2008 (11:31 am)
Replying to: biker4 (Dec 30, 2008 11:18 am) You are correct, most options count for next to nothing at resale time. If anything, not having a certain option, like leather seats, will have a negative effect on resale value.
#36788 of 38942 Re: 2006 BMW 325i [vish_dc] by volvomax Dec 30, 2008 (11:33 am)
Replying to: vish_dc (Dec 30, 2008 11:28 am) Is $18k your residual, or did the bank reduce it to that amount?   Either way, you are paying close to retail, plus the CPO. Replies to this message: vish_dc (Dec 30, 2008 11:52 am) volvomax (Dec 31, 2008 6:56 am)
#36789 of 38942 Re: 2006 BMW 325i [volvomax] by vish_dc Dec 30, 2008 (11:52 am)
Replying to: volvomax (Dec 30, 2008 11:33 am) My residual was 23K but they have reduced it to $18K. Looking at sites like cars.com, the uncertified price for my car is around $18K. The lowest price I found was $17K but that was a dealer's "wholesale" price and was for licensed dealers only. Looking at BMW CPO inventory, cars similar to mine are being advertised for $24-25K.   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? Replies to this message: volvomax (Dec 31, 2008 6:56 am)
#36790 of 38942 Re: 2007 TSX Base [volvomax] by dad23 Dec 30, 2008 (9:59 pm)
Replying to: volvomax (Dec 30, 2008 10:56 am) Ouch, didn't think it was going to be pretty...thanks Volvo!
#36791 of 38942 Re: 2006 BMW 325i [vish_dc] by volvomax Dec 31, 2008 (6:56 am)
Replying to: vish_dc (Dec 30, 2008 11:52 am) $15k is wholesale, so you would have to have a dealers license and find a car at the auction. I think the price you have is fine, you aren't stealing the car, but you aren't getting ripped either.
#36792 of 38942 trade in value, please -- also auction price by yatze Dec 31, 2008 (8:00 am)
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. Replies to this message: soonercat (Dec 31, 2008 9:46 am) cdnpinhead (Dec 31, 2008 2:46 pm) kyfdx (Jan 01, 2009 9:24 am) volvomax (Dec 31, 2008 3:25 pm)
#36793 of 38942 Re: trade in value, please -- also auction price [yatze] by soonercat Dec 31, 2008 (9:46 am)
Replying to: yatze (Dec 31, 2008 8:00 am) Excellent question on BMW financial vs bank leasing. BMW is taking huge hits on lease returns as the residuals are currently way out of line. My lease is up soon and I can buy same car for 5k less from a dealer vs the high residual. IF BMW was smart they would offer cars to current lease holder for a fair price. My expericence they will not. You turn in car. Goes to auction for 5-6k less and too bad. Replies to this message: cdnpinhead (Dec 31, 2008 2:46 pm) kyfdx (Jan 01, 2009 9:24 am)
#36794 of 38942 Re: trade in value, please -- also auction price [soonercat] by cdnpinhead Dec 31, 2008 (2:46 pm)
Replying to: soonercat (Dec 31, 2008 9:46 am) . . .the residuals are currently way out of line. . .   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. Replies to this message: kyfdx (Jan 01, 2009 9:24 am)
#36795 of 38942 Re: trade in value, please -- also auction price [yatze] by volvomax Dec 31, 2008 (3:25 pm)
Replying to: yatze (Dec 31, 2008 8:00 am) Low miles on this one. Probably a $25k car at the auction.   FAIK, BMW Financial doesn't negotiate w/ customers. They might negotiate w/ your dealer though.
#36796 of 38942 Re: 2007 Lincoln Navigator or 2007 Expedition EL [volvomax] by bc13 Dec 31, 2008 (6:28 pm)
Replying to: volvomax (Dec 30, 2008 10:22 am) Thanks Volvomax.   Really like the navigator, but don't like the miles or the dealer.   Does an offer of 23-4 sound unreasonable on the EB Exp? Replies to this message: volvomax (Jan 02, 2009 12:36 pm)

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