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Real-World Trade-In Values

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

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Buying

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


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#36791 of 38942
Re: 2006 BMW 325i [vish_dc] by volvomax
Dec 31, 2008 (6:56 am)
Reply

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)
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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.
#36793 of 38942
Re: trade in value, please -- also auction price [yatze] by soonercat
Dec 31, 2008 (9:46 am)
Reply

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.
#36794 of 38942
Re: trade in value, please -- also auction price [soonercat] by cdnpinhead
Dec 31, 2008 (2:46 pm)
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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.
#36795 of 38942
Re: trade in value, please -- also auction price [yatze] by volvomax
Dec 31, 2008 (3:25 pm)
Reply

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)
Reply

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?
#36797 of 38942
help, can someone let me know if this is a fair price for the 2007 R350? by cjd9997
Jan 01, 2009 (8:13 am)
Reply
thanks in advance for your opinion and they offered me 12,300 for my 05 prius with 35500.
 
R350 4Matic $43,000
775 Iridium Silver $700
141 Black MB Tex
H04 Brown Birds eye wood trim
P01 P01 Package: Teleaid, Hands free communi $4,225
     359 : Teleaid
     389 : Hands free communication system
     413 : Panorama Sunroof
     519 : Rear Audio Controls
     536 : SIRIUS Satellite Radio
     810 : Harman/Kardon Sound System
     848 : Power Rear Quarter Windows
     890 : Power Tailgate
322 322 Exterior Appearance Package: Blue Ti $1,000
     P96 : Exterior Appearance
     R02 : All Season Tires (19" Wheels)
     R39 : 5-Spoke Alloy Wheels
     V59 : Speed and Load Index
     691 : Blue Tinted Glass
528 MCS II radio headunit
864 864 Rear Seat Entertainment Package: 2nd $3,050
     575 : 2nd Row Center Console
     864 : Rear Seat Entertainment
873 Heated Front Seats $700
 
     SUBTOTAL $52,675
     DESTINATION & DELIVERY $775
     TOTAL $53,450
 
Vehicle has 22,001 miles on it.
 
Purchase price $30,390
#36798 of 38942
BMW lease returns by kyfdx HOST
Jan 01, 2009 (9:24 am)
Reply

Replying to: cdnpinhead (Dec 31, 2008 2:46 pm)

BMWFS won't negotiate with you... but, they may offer you a lower price. If you keep showing an interest in purchasing the car, they may continue to lower that price, as you get closer to the end of your term..
 
However, if you contact the dealer about buying the car, then BMWFS will no longer make reduced offers.
 
The dealer gets to buy your car from BMWFS for the MMR (auction) price, more or less.. So, if BMWFS won't work with you, contact your dealer about buying the car.. If the true value is well under the residual in the contract, you may be able to get it CPOed for the same or less than the straight buyout from BMWFS.
 
regards,
kyfdx
visiting host
#36799 of 38942
Re: Looking to purchase ~ any advice? [volvomax] by georgehughes35
Jan 01, 2009 (12:53 pm)
Reply

Replying to: volvomax (Dec 30, 2008 11:05 am)

Not trying to start a new thread or get off-topic but I have been researching used Lincoln Town Cars lately and they depreciate like nothing I have ever researched before.
#36800 of 38942
2009 Chrysler sebring sedan by deltheking
Jan 02, 2009 (6:43 am)
Reply
Hi, I was looking to buy the 2009 Chrysler sebring sedan - LX model.[base model]
The edmunds TMV is $20350. Carmax is listing them for 17k and above.Thats a huge difference.So is the edmunds TMV not updated ?And what price do I negotiate with dealer?Can I take print outs of the listings where it is selling for 17k?
Thanks.

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