Trade in Value?

gsxrpaul · 07-27-2005, 11:32 AM

Thinking about trading in the 325 for a 330. Any idea what to expect for trade in value. Car has approx 1139 miles on it. Only problem is it was in an accident 3 weeks ago with about 8k worth of damage. It was fully repaired by the certified body shop. How much do you think that will affect the trade in?

MBChariot · 07-27-2005, 01:53 PM

I really don't know how accidents affect resale, I figure if it's fixed and you have receipts to prove it things should be fine, but I could be wrong.

Have you thought about selling it yourself, you'd probably make out a little better than a trade.

ward · 07-27-2005, 02:46 PM

you're gonna get killed on it either way, the car is worth less since it's been in a accident. you'd probably loose about 5 grand, maybe more since the accident

RICH2005 · 07-27-2005, 03:52 PM

Would you want to buy a car with $8,000 of previous damage? I know I wouldn't unless there was a significant reduction in price from what other cars are being sold at that have not been in an accident.

segfault · 08-01-2005, 06:52 PM

Google "diminished value." Even if it's disclaimed by your insurance policy, you can often still recover from your insurance company because there are areas in which the car can't be made whole again, even with "perfect" bodywork. Find an independent diminished value appraiser who can inspect the car for a nominal fee.

mapezzul · 08-01-2005, 07:06 PM

Quote:

Originally Posted by gsxrpaul

Thinking about trading in the 325 for a 330. Any idea what to expect for trade in value. Car has approx 1139 miles on it. Only problem is it was in an accident 3 weeks ago with about 8k worth of damage. It was fully repaired by the certified body shop. How much do you think that will affect the trade in?

I doubt it is going to be easy for you.... with that much damage it must be reported to the state and thus will be on a carfax report, no one in their right mind would buy something with that much damage, also it would not be able to be certified if my memory is correct has to do with percent damage to the car, you may be able to get a diminished value check from the insurance company if it was not your fault.... not sure of Ca. laws. Basically if it was not your fault the car gets fixed and you get reimbursed for the increased depreciation of the car due to the accident. Good luck

voltron1011 · 08-02-2005, 01:24 AM

On top of that, I wouldn't trade anyway.... The dealer is going to rape you... Take the time to sell it on your own, it's not that much of a hassle and you will make an extra couple of grand.

eshamas21 · 08-02-2005, 03:06 AM

gsxrpaul when u know an asking price let me know ... and by the way what color is ur car?

egtlover74 · 08-02-2005, 07:38 AM

Go to autotrader.com and sell it on your own. Just state the damages that was repaired.

gsxrpaul · 08-02-2005, 12:22 PM

Still waiting to see what happens with the repairs. Looks like there was no frame damage after all. They tore apart the front end and put it on the frame machine and did the laser measurement. Still waiting on the OEM parts that are backordered. Hopefully not too much longer as I am going crazy driving this POS cavalier. Probably not going to trade it in now. And debating on whether or not I want to keep it. My main concern was with the frame having to be repaired. Apparently the shop it is at is very highly recommended.
eshamas21 - if I decide to sell it I will PM you with a price.

BMW 2006 · 08-03-2005, 02:37 PM

Check out www.kbb.com (Kelly Blue Book) then I'd subtract $4,000 off the price. Plus explain and show repairs to the possible buyer. You may have to eat the total $8,000 just to sell it. Would YOU want to by a car with this kind of damage? You might be better off to keep it !

07-27-2005, 11:32 AM	#1
gsxrpaul Private 0 Rep 52 Posts Drives: 2006 325i Join Date: Jul 2005 Location: San Jose, CA iTrader: (0)	Trade in Value? Thinking about trading in the 325 for a 330. Any idea what to expect for trade in value. Car has approx 1139 miles on it. Only problem is it was in an accident 3 weeks ago with about 8k worth of damage. It was fully repaired by the certified body shop. How much do you think that will affect the trade in?
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07-27-2005, 01:53 PM	#2
MBChariot HESSEN///M3 10 Rep 225 Posts Drives: TIag E46 ///M3 Join Date: Jun 2005 Location: Belton, Texas iTrader: (0)	I really don't know how accidents affect resale, I figure if it's fixed and you have receipts to prove it things should be fine, but I could be wrong. Have you thought about selling it yourself, you'd probably make out a little better than a trade. __________________ MB 330i ZSP Sport PKG TIAG/Imola E46 M3/OEM ZCP wheels "A6 direction Saarbrücken"
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07-27-2005, 02:46 PM	#3
ward Major General 155 Rep 6,158 Posts Drives: F Join Date: May 2005 Location: T iTrader: (0)	you're gonna get killed on it either way, the car is worth less since it's been in a accident. you'd probably loose about 5 grand, maybe more since the accident
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07-27-2005, 03:52 PM	#4
RICH2005 Private 1 Rep 58 Posts Drives: 2006 330i Join Date: May 2005 Location: VANCOUVER iTrader: (0)	Would you want to buy a car with $8,000 of previous damage? I know I wouldn't unless there was a significant reduction in price from what other cars are being sold at that have not been in an accident.
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08-01-2005, 06:52 PM	#5
segfault Private First Class 9 Rep 137 Posts Drives: No longer own a BMW Join Date: Apr 2005 Location: . iTrader: (0)	Google "diminished value." Even if it's disclaimed by your insurance policy, you can often still recover from your insurance company because there are areas in which the car can't be made whole again, even with "perfect" bodywork. Find an independent diminished value appraiser who can inspect the car for a nominal fee.
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08-02-2005, 01:24 AM	#7
voltron1011 Colonel 119 Rep 2,909 Posts Drives: 2011 135i, FJR-1300 Join Date: Apr 2005 Location: Wiesbaden iTrader: (2)	On top of that, I wouldn't trade anyway.... The dealer is going to rape you... Take the time to sell it on your own, it's not that much of a hassle and you will make an extra couple of grand.
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08-02-2005, 03:06 AM	#8
eshamas21 First Lieutenant 35 Rep 390 Posts Drives: '06 330i Join Date: Mar 2005 Location: So. California iTrader: (0)	gsxrpaul when u know an asking price let me know ... and by the way what color is ur car?
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08-02-2005, 07:38 AM	#9
egtlover74 Photographer 41 Rep 313 Posts Drives: 335is Coupe Join Date: May 2005 Location: Virginia iTrader: (1)	Go to autotrader.com and sell it on your own. Just state the damages that was repaired.
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08-02-2005, 12:22 PM	#10
gsxrpaul Private 0 Rep 52 Posts Drives: 2006 325i Join Date: Jul 2005 Location: San Jose, CA iTrader: (0)	Still waiting to see what happens with the repairs. Looks like there was no frame damage after all. They tore apart the front end and put it on the frame machine and did the laser measurement. Still waiting on the OEM parts that are backordered. Hopefully not too much longer as I am going crazy driving this POS cavalier. Probably not going to trade it in now. And debating on whether or not I want to keep it. My main concern was with the frame having to be repaired. Apparently the shop it is at is very highly recommended. eshamas21 - if I decide to sell it I will PM you with a price.
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08-03-2005, 02:37 PM	#11
BMW 2006 Private First Class 15 Rep 146 Posts Drives: 330I - '06 - 6 Spd Join Date: May 2005 Location: California - USA iTrader: (0)	Check out www.kbb.com (Kelly Blue Book) then I'd subtract $4,000 off the price. Plus explain and show repairs to the possible buyer. You may have to eat the total $8,000 just to sell it. Would YOU want to by a car with this kind of damage? You might be better off to keep it !
	Appreciate 0 Quote