Trade in value

[Scrappy]

Well in my looking for a sedan to replace my E92 I just drove a C63 and it was a nice car and it could meet my needs. Until the sales rep came back with an offer for my car which is a loaded 09 E92 in immaculate condition with 21000 miles and said $39000 I know private party will pay more but I was like are you joking and he said they just aren't selling right now so I left.

[Crypty]

You shouldn't even be considering doing a dealer trade in. That's just common sense. You'll be able to get close to 50 privately.

[Scrappy]

I know I just wanted to see what they would say and like I said I was like WTF seriously I was expecting more like 45 or 46.

[Ghetto2315]

Originally Posted by Scrappy

I know I just wanted to see what they would say and like I said I was like WTF seriously I was expecting more like 45 or 46.

They retail for that much. What makes you think you'll get anywhere close to that on trade?

You sir, just insulted the salesman for doing his job and wasting his "up". Go back and say you're sorry lol

[Scrappy]

Kbb lists private party at 49 and trade at at 46 that's how

[Ghetto2315]

Originally Posted by Scrappy

Kbb lists private party at 49 and trade at at 46 that's how

Ohh how the whole world wishes trade value were based on KBB...

[CCLSVTM3]

Originally Posted by Scrappy

Kbb lists private party at 49 and trade at at 46 that's how

Yep, and if kbb has it at 46k, dealerships will normally only come within 1-2k of that so they can make more money. But if they really want to make a sell, they will....

[Cortexiphan]

Originally Posted by Ghetto2315

They retail for that much. What makes you think you'll get anywhere close to that on trade?

You sir, just insulted the salesman for doing his job and wasting his "up". Go back and say you're sorry lol

I traded my X5 for M3 at exact KBB value. 2009 M3 should be traded like 44-45K. That dealer was trying to fool the guy, obviously

[Scrappy]

TY for the guys who agree I know you won't always get KBB price but 7K less is ridiculous.

[swartzentruber]

Originally Posted by Cortexiphan

I traded my X5 for M3 at exact KBB value. 2009 M3 should be traded like 44-45K. That dealer was trying to fool the guy, obviously

That experience is pretty atypical, unless you actually got a Kelley Black Book quote. Most dealers will only offer either black book or auction based values, not the "Blue Book" value you find online. I actually have had pretty good luck using a Carmax offer to get the dealer to up the trade-in offer, as Carmax seems to love BMWs.

[Ghetto2315]

Originally Posted by Cortexiphan

I traded my X5 for M3 at exact KBB value. 2009 M3 should be traded like 44-45K. That dealer was trying to fool the guy, obviously

More than likely gave you KBB price but basically took it from the gross of your M3. For example, ACV (Actual Car Value) of your X5 is ohhh let's say $40K and KBB has it listed at $43K and your M3 listed at $70K. You want KBB price to make the deal happen. So instead of the dealer selling the M3 at $70K, they are selling the M3 at $67K and using the $3K towards the ACV of $40K as on "over-allowance" to make it look like they gave you KBB price of $43K.

A dealer will only do a deal that is within reason, and not a detriment to the store. Trust me, if dealers could give everyone KBB value, they would. What EVERYONE forgets is the the law of Retail v.s. Wholsale. Dealerships are a business and they too are allowed to make a profit to stay in business.

Ask any dealer to show you Galves and what it books for and make the necessary deductions or add-ons (deductions like dents, scratches, curbed wheels, damage, mileage, bad CarFax, etc... and add-ons like Navigation, or 4WD, or Auto Trans, etc) and tell them you want book value for your trade. You won't ever get an argument. "Book Value" is Galves. Not KBB. I wish Galves was accessible to the public.


EDIT: I just took a glance in the book. An 09 E92 M3 books for $39,600. Deduct $700 if it's stick, deduct $1,400 if it doesn't have the moonroof, but add $400 for 19" wheels, and $1,600 for Navigation. And that is just for equipment. Still need to tally the condition of exterior, interior, wheels, tire tread, market for the color, Manheim, I could go on...

[VaclavSV]

The real question should be what else did you think of the C63?! Noticble difference in torque?

[Ghetto2315]

Originally Posted by VaclavSV

The real question should be what else did you think of the C63?! Noticble difference in torque?

VaclavSV is the biggest when it comes to the C63 hahaha

[dmk08]

Worked for Manheim for 5 years. They are not going to give you much more on a trade then they can get for it at the auction. Manheim price is what you need.

Average Manheim auction price for that car is ~38,000 right now. The only options they will really care about are does it have navigation.

[gatorfast]

^ what he said. $39k seems reasonable to me for trade-in offer.

[Mr. ///M3 RD]

Originally Posted by Scrappy

Well in my looking for a sedan to replace my E92 I just drove a C63 and it was a nice car and it could meet my needs. Until the sales rep came back with an offer for my car which is a loaded 09 E92 in immaculate condition with 21000 miles and said $39000 I know private party will pay more but I was like are you joking and he said they just aren't selling right now so I left.

Mercedes will low ball your car they have too many cars and don't like to take trade in's if they can help it.

Sell your car privately, it's the only way to go.

EDIT --- > Having said that you need to consider the tax advantage ,,, in Canada it be 13 % tax saved on the trade in so take that into account tat would mean you have to sell it for $44,070- to break even with the $39,000- offer here in Canada. I don't know your tax quota where you are.

[dmw16]

Originally Posted by M3RD

Mercedes will low ball your car they have too many cars and don't like to take trade in's if they can help it.

Sell your car privately, it's the only way to go.

EDIT --- > Having said that you need to consider the tax advantage ,,, in Canada it be 13 % tax saved on the trade in so take that into account tat would mean you have to sell it for $44,070- to break even with the $39,000- offer here in Canada. I don't know your tax quota where you are.

Tax rates are typically lower than that in the US (I don't know of any state with 13%) but this principal still applies. It's worth considering the "savings" on the tax side of things when you trade in. It's basically like getting a X% bonus to your trade value (X being your tax rate).

[kwike92]

Originally Posted by Scrappy

Well in my looking for a sedan to replace my E92 I just drove a C63 and it was a nice car and it could meet my needs. Until the sales rep came back with an offer for my car which is a loaded 09 E92 in immaculate condition with 21000 miles and said $39000 I know private party will pay more but I was like are you joking and he said they just aren't selling right now so I left.

i just got mine used 09 for 47k with 14500 miles... fully loaded. ...dont ever trade into the dealer...

[Cortexiphan]

Originally Posted by Ghetto2315

More than likely gave you KBB price but basically took it from the gross of your M3. For example, ACV (Actual Car Value) of your X5 is ohhh let's say $40K and KBB has it listed at $43K and your M3 listed at $70K. You want KBB price to make the deal happen. So instead of the dealer selling the M3 at $70K, they are selling the M3 at $67K and using the $3K towards the ACV of $40K as on "over-allowance" to make it look like they gave you KBB price of $43K.

A dealer will only do a deal that is within reason, and not a detriment to the store. Trust me, if dealers could give everyone KBB value, they would. What EVERYONE forgets is the the law of Retail v.s. Wholsale. Dealerships are a business and they too are allowed to make a profit to stay in business.

Ask any dealer to show you Galves and what it books for and make the necessary deductions or add-ons (deductions like dents, scratches, curbed wheels, damage, mileage, bad CarFax, etc... and add-ons like Navigation, or 4WD, or Auto Trans, etc) and tell them you want book value for your trade. You won't ever get an argument. "Book Value" is Galves. Not KBB. I wish Galves was accessible to the public.


EDIT: I just took a glance in the book. An 09 E92 M3 books for $39,600. Deduct $700 if it's stick, deduct $1,400 if it doesn't have the moonroof, but add $400 for 19" wheels, and $1,600 for Navigation. And that is just for equipment. Still need to tally the condition of exterior, interior, wheels, tire tread, market for the color, Manheim, I could go on...

That's good information. Thank you

[LarThaL]

Originally Posted by Scrappy

Well in my looking for a sedan to replace my E92 I just drove a C63 and it was a nice car and it could meet my needs. Until the sales rep came back with an offer for my car which is a loaded 09 E92 in immaculate condition with 21000 miles and said $39000 I know private party will pay more but I was like are you joking and he said they just aren't selling right now so I left.

Did you realistically think you would be offered anything close to private party sale price on a trade? In fact, the whole concept of the "trade-in value" is a joke also. There is no such thing as a "trade-in value". What you will offered on trade is the auction value of the car. This is typically the listed "trade-in value" minus about 10-20%. Interestingly enough, you will never find the auction value of any car readily listed. It is treated like some big insider's secret.

[Ghetto2315]

Originally Posted by Cortexiphan

That's good information. Thank you

You're more than welcome. My honest opinion is that KBB is doing more harm than good with their pricing because it's not entirely too accurate at times. Don't get me wrong, there has been times where book value matched or came close to KBB, but that happens 10% of the time. KBB is good for vehicle research, reviews and a "ballpark" figure. Walk away from a dealer if they aren't willing to show you Galves. The good ones will even print out what they are going for at Manheim in your region. Also another note, customers also seem to forget that 95% of all trades need some sort of re-conditioning or "recon". Seldom to trades be given to a dealer and they are immaculate where the car needs nothing. Even putting the car through the shop for a safety check costs the dealer money. Dealers have to spend money to make money. I'm all about being fair for both sides.

[jphughan]

Sooo this thread, called "Test drive", contains no real impressions from any test drive. Instead, it's a complaint about a trade-in offer.

I too wouldn't mind reading your thoughts on the C63 vs M3 if you'd care to share them though!