Invitation-only Buy-back event?

italyix · 11-20-2012, 03:50 PM

hey guys, I just got an email from a BWM dealership which services my car, offering to buy back my car at top dollar prices

I know its a gimmick to get you to come in and get a new car, but what do dealers use to appraise your car?

Its a 2008 E90 M3 with 61k, CPO until 11/13 or 100k miles with maintenance package as well. Fully loaded with all options except 19" rims.

What do you think?

808@702 · 11-20-2012, 04:12 PM

I also got one. If your car isnt close to paid off you will be absorbing a lot of "negative equity".

dmppdx · 11-20-2012, 04:19 PM

I'm not sure it should really matter how the appraise it, but it will likely be based on auction prices. Which for an 08 with 61k miles will probably be 35k or.

So the real question you should be asking is do you want a new car since I'm sure the deal they give you on your current car won't be that special.

SamS · 11-20-2012, 04:38 PM

Total gimmick.

pukicabuki · 11-20-2012, 05:29 PM

I recently bough a used '10 M3 from a local dealer. Less than 2 weeks later I got a letter in the mail asking if I was interested in selling it back to them because they like to have cars like mine around. They just send out generic letters like these to all the customers in their database. I've gotten really elaborate ones from the local Mercedes dealer before. They have fake post it notes attached to them and are email formats with complete conversasions. Trying to make it look like they are talking specifically about my car. It was hilarious.

Red_Baron · 11-20-2012, 05:42 PM

Just go in, test drive a couple cars(M5, M6??) and then leave.

808@702 · 11-20-2012, 06:41 PM

Quote:

Originally Posted by lthai

Just go in, test drive a couple cars(M5, M6??) and then leave.

+ 1 on this one!

Johndong888 · 11-20-2012, 07:12 PM

Quote:

Originally Posted by 808@702

+ 1 on this one!

lol that usually doesn't end up well for me...

dreamspeed · 11-20-2012, 08:12 PM

yah if it's actually a well put together event then it's worth it just to check it out without selling back your car.

I've gotten invites to "private" vendor events before and my first reaction is that it's just some kind of gimmick/scam but sometimes i'm pleasantly surprised

m0da · 11-20-2012, 08:50 PM

If you do a search, other members have posted similar behavior from their dealer.

ClutchThese · 11-21-2012, 12:17 PM

I sold cars before... it's a gimmick. They just want you to come through the door.

TVMA Doc · 11-21-2012, 02:29 PM

I haven't received one of these from BMW yet, but I received one for my 2003 S2000 about 2 years after purchasing the car. It seems rather standard.

Sully1Time · 11-21-2012, 02:55 PM

Every dealer is up to this tactic, just got 1 from Chevrolet asking to buy back my 07' Tahoe for 12k. They must think everyone is a sucker

Robz26 · 11-21-2012, 04:28 PM

Quote:

Originally Posted by Sully1Time

Every dealer is up to this tactic, just got 1 from Chevrolet asking to buy back my 07' Tahoe for 12k. They must think everyone is a sucker

No, but the cost to mail one of these things (50 cents) makes it worth mailing to thousands of people even if the response rate is 0.1%

Mr. ///M3 RD · 11-21-2012, 05:56 PM

It's a normal sales tactic near the end of the year IMHO for some dealers (not all) to improve there year end bottom line.

Great time to make a good deal ... Near the end of the year as well as month ends.

lorinzo · 11-21-2012, 06:01 PM

Gimmick!
Expect the usual low ball offer and something like the following:

"What if I can get you into (insert model here) for the same monthly payment? Would you take the new car home today?"

1fastdoc · 11-21-2012, 08:38 PM

I wish Ford would offer to buy back my 88 Mustang at top dollar prices. Still waiting for the invite.

Last time I was at the BMW dealer asking a question about my newly acquired M3 the salesman told me it was the end of the month and they were trying to move cars and didn't have time to waste as I had already purchased the car (from a private seller).

While it's certainly true I expected more from a BMW dealer. Guess they're all the same in the end with the gimmicks and bullshit.

positiveions · 11-21-2012, 09:06 PM

Yeah I get those from VW dealers for my jetta.

Coltgus · 11-21-2012, 09:18 PM

Anyone thinking of selling or trading a car should get a quote from Carmax. It's quick and easy. 2 bids are always better than one.

MKE_M3 · 11-22-2012, 07:55 AM

Quote:

Originally Posted by Coltgus

Anyone thinking of selling or trading a car should get a quote from Carmax. It's quick and easy. 2 bids are always better than one.

+1, wish I would have done that! When I sold my last car, I was in a pinch and willing to sell it for very little money to avoid having two car payments concurrently (out of principle, stupid, I know). In hind site, I think I probably could have gotten more money from them than I did selling it to a good friend. I wouldn't have had the guilt of something going wrong effecting the friendship, either. Luckily nothing too serious has happened, and I hope it wouldn't have effected things, but I probably would have felt bad/guilty anyway.

11-20-2012, 03:50 PM	#1
italyix First Lieutenant Drives: '08 E90 M3 Join Date: Dec 2011 Location: Bay Area Posts: 315 iTrader: (0)	Invitation-only Buy-back event? hey guys, I just got an email from a BWM dealership which services my car, offering to buy back my car at top dollar prices I know its a gimmick to get you to come in and get a new car, but what do dealers use to appraise your car? Its a 2008 E90 M3 with 61k, CPO until 11/13 or 100k miles with maintenance package as well. Fully loaded with all options except 19" rims. What do you think? __________________ AA Filter : BFGoodridge SS Lines : Challenge Sport X-Pipe : Vorschlag Poly Engine Mounts : TMS Subframe & Diff Bushings : KW S/O Kit : RDSport Sway Bars : MRF Eng Shaved Guide Supports : E36 Bumpstops : Mach Schnell UP : UUC SSK w/DSSR : ZHP Shift Knob : Evolve Tune Stg 2 To buy: Nitron R3, Brembo or Alcom BBK, 19" RAC Monolites COD Tag: RomanGuy9
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11-20-2012, 04:38 PM	#4
SamS Brigadier General Drives: 2013 ActiveHybrid 3 Join Date: Jul 2010 Location: Dallas, TX Posts: 4,054 iTrader: (0)	Total gimmick. __________________

11-20-2012, 05:29 PM	#5
pukicabuki Private First Class Drives: '10 SG E92 M3 Join Date: Jun 2011 Location: Oregon Posts: 109 iTrader: (0)	I recently bough a used '10 M3 from a local dealer. Less than 2 weeks later I got a letter in the mail asking if I was interested in selling it back to them because they like to have cars like mine around. They just send out generic letters like these to all the customers in their database. I've gotten really elaborate ones from the local Mercedes dealer before. They have fake post it notes attached to them and are email formats with complete conversasions. Trying to make it look like they are talking specifically about my car. It was hilarious. __________________ '10 E92 M3 '13 F30 335i '94 TT Supra Hardtop

11-20-2012, 05:42 PM	#6
Red_Baron M3Post DBag Drives: '08 e92 M3, '11 G55 AMG Join Date: Dec 2011 Location: DC/VA/PA Posts: 696 iTrader: (0)	Just go in, test drive a couple cars(M5, M6??) and then leave. __________________

11-21-2012, 12:17 PM	#11
ClutchThese Private Drives: 2008 BMW M3 Join Date: Oct 2011 Location: Amerikuh Posts: 72 iTrader: (0)	I sold cars before... it's a gimmick. They just want you to come through the door. __________________ Gamer \| Modder?StealthyGaming

11-20-2012, 04:12 PM	#2
808@702 7th BMW, 500th Surfboard Drives: My girlfriends crazy! Join Date: Sep 2009 Location: Las Vegas, Nv. and Honolulu, Hi. Posts: 709 iTrader: (0)	I also got one. If your car isnt close to paid off you will be absorbing a lot of "negative equity".

11-20-2012, 04:19 PM	#3
dmppdx Private Drives: n/a Join Date: Nov 2011 Location: PNW Posts: 79 iTrader: (0)	I'm not sure it should really matter how the appraise it, but it will likely be based on auction prices. Which for an 08 with 61k miles will probably be 35k or. So the real question you should be asking is do you want a new car since I'm sure the deal they give you on your current car won't be that special.

11-20-2012, 08:12 PM	#9
dreamspeed Lieutenant Drives: M3 E92 Join Date: Jul 2012 Location: Los Angeles Posts: 500 iTrader: (0)	yah if it's actually a well put together event then it's worth it just to check it out without selling back your car. I've gotten invites to "private" vendor events before and my first reaction is that it's just some kind of gimmick/scam but sometimes i'm pleasantly surprised

11-20-2012, 08:50 PM	#10
m0da in the right lane Drives: 2008 e93 m3 Join Date: Nov 2011 Location: Austin/Houston Posts: 41 iTrader: (0)	If you do a search, other members have posted similar behavior from their dealer.

11-21-2012, 02:29 PM	#12
TVMA Doc Captain Drives: 2011 E90 M3, Jerez Black Join Date: Dec 2011 Location: SF Bay Posts: 631 iTrader: (0) Garage List 2008 Totyota Highla ... [0.00] 2003 Honda S2000 [0.00] 2011 BMW E90 M3 [0.00]	I haven't received one of these from BMW yet, but I received one for my 2003 S2000 about 2 years after purchasing the car. It seems rather standard.

11-21-2012, 02:55 PM	#13
Sully1Time Private First Class Drives: 09' Alpine White M3 Join Date: Aug 2012 Location: SoCal Posts: 163 iTrader: (6) Garage List 2009 BMW M3 [5.00]	Every dealer is up to this tactic, just got 1 from Chevrolet asking to buy back my 07' Tahoe for 12k. They must think everyone is a sucker __________________ 09' AW M3, 6MT, Black Novillo Extended, Carbon leather trim, Premium, Moonroof, OEM Carbon spoiler, BMW LED Int. Bulbs, Avant Garde 19x11/19x9.5 M310 wheels, OOLux V3 AEOO, Vorsteiner Type II diffuser, Megan Racing Stainless exhaust, Benvo Stage 1 tune, Dinan High Flow Carbon Fiber Intake, Dinan Front anti-sway bar, H&R Sport springs, 30% tint

11-21-2012, 05:56 PM	#15
Mr. ///M3 RD Major General Drives: M3 Summer & C350 4MATIC Winter Join Date: May 2010 Location: GTA, Ontario - Canada Posts: 7,540 iTrader: (0) Garage List 2011 M3 Coupe e92 [3.00] 2011 Benz 350 4MATIC [1.00] 1967 Restored Merce ... [0.00] 1987 BMW 535is [0.50] Cars from the Past [1.50] The ///M3 Engine S65 [3.50]	It's a normal sales tactic near the end of the year IMHO for some dealers (not all) to improve there year end bottom line. Great time to make a good deal ... Near the end of the year as well as month ends. __________________ Cheers, Rolf-Dieter Life will take us to some interesting places, fortunately The ///M3 will too with a many of us know this very well ---> Click here for some good stuff I found

11-21-2012, 06:01 PM	#16
lorinzo Captain Drives: 2011 e90 M3 Join Date: Feb 2012 Location: Los Angeles, CA Posts: 627 iTrader: (0)	Gimmick! Expect the usual low ball offer and something like the following: "What if I can get you into (insert model here) for the same monthly payment? Would you take the new car home today?" __________________ \| 2011.75 M3 Sedan \| Le Mans Blue \| M-DCT \| ZC2 \| ZCP \| ZP3 \| Moonroof \| Enhanced Premium Sound \| Dinan free flow exhaust \| Dinan performance engine software \| Dinan underdrive pulley \| Dinan intake \| Dinan pedals \| Bimmian Ultimate LED interior \| Lux H8 V3 \| WeissLicht PY24W LED \| 20% tint \| IND reflectors \| IND front grills \| IND key hole cover \| IND hood vents \| IND M5 mirror covers \| Reus Systems audio upgrade \| Verstraβe shifter paddles \|

11-21-2012, 08:38 PM	#17
1fastdoc Private Drives: 2011 E92 M3 Join Date: Oct 2012 Location: Nashville, TN Posts: 54 iTrader: (0)	I wish Ford would offer to buy back my 88 Mustang at top dollar prices. Still waiting for the invite. Last time I was at the BMW dealer asking a question about my newly acquired M3 the salesman told me it was the end of the month and they were trying to move cars and didn't have time to waste as I had already purchased the car (from a private seller). While it's certainly true I expected more from a BMW dealer. Guess they're all the same in the end with the gimmicks and bullshit.

11-21-2012, 09:06 PM	#18
positiveions Major General Drives: 09 MKV JETTA 2.5 & E90 M3 :) Join Date: Sep 2007 Location: La Verne, CA Posts: 8,835 iTrader: (1)	Yeah I get those from VW dealers for my jetta. __________________

11-21-2012, 09:18 PM	#19
Coltgus Chairman of the Bored Drives: 2013 M3 E92 Join Date: Nov 2012 Location: Central Florida Posts: 48 iTrader: (0)	Anyone thinking of selling or trading a car should get a quote from Carmax. It's quick and easy. 2 bids are always better than one. __________________ I'm on my 9th and 10th BMWs. 2012 328i Coupe 2013 M3 Coupe

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