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      12-21-2012, 11:40 PM   #23
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Quote:
Originally Posted by Endless619 View Post
Actually incorrect for a 2008 Z4M Coupe. They are $28-$32k right now.
Sounds way high for an M coupe, unless you are talking about retail. Even still, it would have to be low mileage and mint to fetch above $30k. Trade-in would be mid 20's at best.
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      12-22-2012, 12:15 AM   #24
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I now only trade-in cars when they offer me the highest dollar on whatever guide book they use to price it. Different dealership can offer as much as 4-6k on trade-in(s) of the same car and that's from my own experiences. Shop around and don't ever rush yourself or you fall into the trap they set.
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      12-22-2012, 09:12 AM   #25
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Dealers always try to lowball on trade ins. I always go to Carmax first as they generally offer a very fair purchase price and are objective in doing so. Then I use that as a bargaining tool if the dealer is too low.

Recently traded in my wife's Lexus IS. Carmax offered to purchase it for $19k which I thought was very fair. Then went to dealer and they offered $14k. After telling them that was way too low and we had an offer for $19k they raised it to $18k.

Of course, private sale will usually fetch more but a lot of people don't want to deal with hassle of it.
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      12-22-2012, 10:21 AM   #26
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Quote:
Originally Posted by gatorfast View Post
Dealers always try to lowball on trade ins. I always go to Carmax first as they generally offer a very fair purchase price and are objective in doing so. Then I use that as a bargaining tool if the dealer is too low.

Recently traded in my wife's Lexus IS. Carmax offered to purchase it for $19k which I thought was very fair. Then went to dealer and they offered $14k. After telling them that was way too low and we had an offer for $19k they raised it to $18k.

Of course, private sale will usually fetch more but a lot of people don't want to deal with hassle of it.
This also depends on if Carmax wants your car on the lot. If they do then they are a little better on price. I went to them to trade in a F250. They quoted me $21K. $3K below low blue book. The truck was pristine. I sold it a week later private party for $28K and 2 guys fighting over it. CarMax was a joke.
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      12-22-2012, 11:31 AM   #27
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Quote:
Originally Posted by M3forMe View Post
This also depends on if Carmax wants your car on the lot. If they do then they are a little better on price. I went to them to trade in a F250. They quoted me $21K. $3K below low blue book. The truck was pristine. I sold it a week later private party for $28K and 2 guys fighting over it. CarMax was a joke.
Well I dont think any dealer, retailer, etc uses bluebook value at all. Its pretty much exclusively relied upon by regular consumers. Dealers will mainly use blackbook auction values and maybe some subjective metrics such as the desirability of the car in that area.

Maybe carmax did lowball you but purchase/trade-in offers will always be below private party value (sometimes far below). But perhaps a dealer would have offered you even less than $21k on a trade-in thus making the carmax offer better.
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      12-22-2012, 11:54 AM   #28
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Quote:
Originally Posted by gatorfast View Post
Well I dont think any dealer, retailer, etc uses bluebook value at all. Its pretty much exclusively relied upon by regular consumers. Dealers will mainly use blackbook auction values and maybe some subjective metrics such as the desirability of the car in that area.

Maybe carmax did lowball you but purchase/trade-in offers will always be below private party value (sometimes far below). But perhaps a dealer would have offered you even less than $21k on a trade-in thus making the carmax offer better.
My point exactly. Trade in at dealers and carmax are wholesale NOT Blue Book. Per my previous point. My suggestion is ALWAYS sell private party. You can always get a few grand more. Any time you trade in it is a joke.
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      12-22-2012, 11:56 AM   #29
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So i'm sitting here at the dealership getting my oil changed and I see a 2008 E93 M3 with 32,000 miles selling for $54,000. I nearly laughed and spilled my drink into the car when I saw the price. They probably gave the guy $40,000 at best and are going to make a killing off someone.
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      12-22-2012, 12:01 PM   #30
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Quote:
Originally Posted by M3forMe
They are all the same. Trade in is always around wholesale or 5% below low blue book. Why do you think most dealers have so many used cars. They kill it with used cars. New cars are tough because everyone is so educated and not willing to pay much over invoice. Used cars you have no idea what they paid for it.

Used cars they are making a killing.
Agreed! Used cars are profitable. This post is over. We all know private sale is better.

A good question is how to private sale safely and without wasting excessive time with knuckleheads. And then comes the real question, safety. I always do my big deals in front of a local motorcycle gang club house. I tell the buyer if there's any trouble "my crew" is gonna come piling out of the house. Lol!
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      12-22-2012, 12:22 PM   #31
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Quote:
Originally Posted by gatorfast View Post
Dealers always try to lowball on trade ins. I always go to Carmax first as they generally offer a very fair purchase price and are objective in doing so.
I've had quite the opposite experience with Carmax. I was looking to sell my e46 M3 and went to get a quote. My car was valued between $26-29K. Carmax offered $20. I laughed and left. Sold it privately for a better price.

Carmax and dealers, from what I understand, go off what they can get the car at auction. I traded in my e46 325xi (2004) at a BMW dealer, and only got $18K. Had I sold it privately, I could have got low twenties. This was back in Aug of 2007. Lesson learned, and another reason I sold my e46 M3 privately.
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      12-22-2012, 12:37 PM   #32
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Quote:
Originally Posted by mdyaman View Post
I've had quite the opposite experience with Carmax. I was looking to sell my e46 M3 and went to get a quote. My car was valued between $26-29K. Carmax offered $20. I laughed and left. Sold it privately for a better price.

Carmax and dealers, from what I understand, go off what they can get the car at auction. I traded in my e46 325xi (2004) at a BMW dealer, and only got $18K. Had I sold it privately, I could have got low twenties. This was back in Aug of 2007. Lesson learned, and another reason I sold my e46 M3 privately.
Right, I understand private party will always be better than trade-in. I was strictly speaking of the difference between dealer trade-in vs carmax by saying that carmax generally offers a more objective price with no skin in the game (ie they will buy your car with no strings attached vs a dealer who is trying to profit from trade-in and new car sales value) and this can be used as a negotiating tool if the dealer's offer is below what carmax makes.
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      12-22-2012, 12:57 PM   #33
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A few more points:

1. Published "trade in" values are complete BS. The real amount you will get on a trade is the Auction Value on the car which is typically about 15-20% less than the published "trade-in" value. I really don't know why people even bother with this ficticious "trade-in" value. It just doesn't exist anywhere.

2. In the end, it isn't the exact amount you will get on your trade that matters, but, rather, the price difference you can negotiate between your trade and the new purchase. A dealer can give you a seemingly good trade-in price and then get you on the other end.

3. Don't forget that when you trade, that dollar amount is deducted from the purchase price of the car, so you will be paying less in tax on the new vehicle.
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      12-22-2012, 01:10 PM   #34
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Just got a quote on my 2011, 62k mile, Dinan M3 of $33k.

It was an Audi dealer trying to get me into a 2013 A8. They wanted the sale, but wouldn't budge off of $33k. The 62k miles killed the trade-in value. BTW, KBB was $39k for a trade-in with 62k miles.
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      12-22-2012, 02:56 PM   #35
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That sounds good ... is that in Spain or Disneyland?

I actually meant that to be sort of a fun statement you must have noticed the smile on my face
I know. Sometimes I haven't had my Cherry Coke for lunch and I only pick and choose what I want to read while scanning on my phone. lol
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      12-22-2012, 02:57 PM   #36
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Quote:
Originally Posted by gatorfast View Post
Sounds way high for an M coupe, unless you are talking about retail. Even still, it would have to be low mileage and mint to fetch above $30k. Trade-in would be mid 20's at best.

I saw one right before I left Oregon on a used BMW lot and they wanted $38k with 1500 miles on it. It was an 08. It sold for like $36 when I called.
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      12-22-2012, 04:54 PM   #37
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Quote:
Originally Posted by Endless619 View Post
I saw one right before I left Oregon on a used BMW lot and they wanted $38k with 1500 miles on it. It was an 08. It sold for like $36 when I called.
Wow 1500 miles, basically brand new.

I bought my 07 M coupe in 2010 at auction for around $29k. When I traded it in to the dealer for my M3 earlier this year I got around $24k for it.
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      12-22-2012, 05:02 PM   #38
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Quote:
Originally Posted by Radiation Joe View Post
Just got a quote on my 2011, 62k mile, Dinan M3 of $33k.

It was an Audi dealer trying to get me into a 2013 A8. They wanted the sale, but wouldn't budge off of $33k. The 62k miles killed the trade-in value. BTW, KBB was $39k for a trade-in with 62k miles.
Yep. Right around what the Auction Value would be.
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