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11-02-2013, 09:02 PM | #23 |
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interesting...all the other dealers have given me a low ball price...only the dealership that knows I "may" be interested in the X5 has given a price at least $5k above the rest!!!
Does that tell me something? i still want to be able to negotiate the X5 price... |
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11-03-2013, 02:32 PM | #24 |
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Sell it privately using Craig's List or Autotrader, etc. Yesterday I sold my wife's really nice 2008 MB GL 320; I was offered between $20K-$22K from two local Jeep dealers as we have ordered her a new GC EcoDiesel. I sold it for $29,250 on Autotrader, after agreeing to invoice pricing on the ordered car. Even though I lost the 8.5% trade-in tax advantage we still came out so much better. Hence I would always negotiate the best price on the new car and then sell your trade privately, IF it's an option for you. BTW, it's really easy to do on both of the above websites.
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11-03-2013, 04:48 PM | #25 | |
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You might also want to get a car proof ready to show potential buyers. I also showed them all the maintenance records that I kept. |
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11-03-2013, 04:52 PM | #27 |
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It is the game they play. Pay you more for the trade but give you less discount off MSRP.
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11-03-2013, 05:24 PM | #28 | |
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Sorry to thread jack OP, but I am in the same position. I am going to buy a M235i and got the dealership to check out my car today. They offered me 14,000 for my 128i which I think is really low. My car is a 2009 with 40,000 miles and in amazing condition. In fact, I don't think anyone has ever sat in the back seats. My car also had an MSRP of 38k, and is fully loaded. The guy didn't really look at my car for more then 10 minutes before giving me the estimate. I see dealerships selling a car similar to mine for 20,000 easily. My salesman said I could privately sell my car easily for around 18k.. but kinda worried about private car sales woes.
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11-03-2013, 06:13 PM | #29 |
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It might not be a bad idea to try Carmax. I sold my M3 to them and their price was much higher than what the local dealers offered. It was even higher than the KBB number.
However, as others have said if you are willing to wait you might get a higher offer selling privately.
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11-04-2013, 06:50 AM | #30 | |
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We just traded in our FX35 and got $16,700 with 57k on it (lots of door dings and a carfax reported accident). I verified with friends that work at other dealers to see what the black book trade (NOT KBB) was for the car before going in so I knew what to expect. The range was $14-17,500 so I was fine with $16,700. The dealer posted it to their site for $21,500. The bottom line is that trade-ins are a valuable income stream for dealers so you should never expect them to give you what you think the car is worth as that is generally the same figure someone else is willing to pay for it. They're in the business of making money.
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11-04-2013, 04:44 PM | #31 |
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Trade-in vs. Private sell
It would be a good idea to try a private sell and set a time limit for yourself. It will be important to assess the seriousness of the caller as well.
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11-04-2013, 05:57 PM | #33 |
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never really had a problem selling a car privately
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11-05-2013, 10:33 AM | #34 | |
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Are there costs associated to this if the dealership is arranging the convenience trade to either buyer or seller? |
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11-05-2013, 10:42 AM | #35 |
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My only issue selling my current car is that no one wants a 6MT and RWD 335i in Calgary and people are stuck in the myth of AWD is best
Dealer trade-in at BMW is $10,000 less than what I can sell it privately |
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11-05-2013, 10:47 AM | #36 |
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You're right...these are some points that we should consider when buying a car...time of selling "factors" are very important...
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11-05-2013, 11:03 AM | #37 | |
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1. Good for you as you save on taxes and will likely get more for the car on a private sale. 2. Good for the dealer as he sells you a new car and a gets a trade in and out the same day. (He may even be able to sell the buyer of your old car some additional services). 3. The buyer of the used car has to pay tax regardless, so doesn't mater to him. |
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11-05-2013, 11:07 AM | #38 | |
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11-05-2013, 11:56 AM | #39 | |
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Just explain it to the buyer up front. I cant see any reason why a prospective buyer would not go for it. Not sure about Ontario, but in NS the dealer will put a fresh inspection sticker on it for the new buyer. |
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11-05-2013, 12:19 PM | #40 | |
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I sell all of my cars privately. Both my 335 and M3 went to forum members in here. I got much more than what dealers were offering and sold them both at retail. My advantage was both of my BMW's were somewhat one offs and people were looking for them.........and I am detail freak so they both looked brand new. :-)
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11-06-2013, 07:15 AM | #41 | |
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Also the new car will take a few months before it is delivered. Does it mean that I will be without a car till then if I go through convenience trade? |
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11-06-2013, 09:00 AM | #42 | |
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11-06-2013, 11:17 AM | #43 |
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I always sell my cars privately. If you are confident that is well maintained, no accidents, no issues, sell it privately.
Last edited by Teutonic; 11-06-2013 at 11:25 AM.. |
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