BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > General Automotive (non-BMW) Talk + Photos/Videos
 
INDustry distribution
Post Reply
 
Thread Tools Search this Thread
      03-01-2006, 02:43 PM   #1
Mr. BMW
Captain
Mr. BMW's Avatar
18
Rep
916
Posts

 
Drives: 2006 330i
Join Date: Feb 2006
Location: MA

iTrader: (0)

Garage List
2006 330i  [0.00]
2003 Pathfinder  [0.00]
I'm thinking class action law suite against Galves

It really bugs me that the trade-in values are so much less on Galves then they are with Kelly, NADA and many others. Why does NADA say my trade is worth 26K, Kelly 25K but Galves only 21K? How can there be a 4 to 5K difference?
My dealer and most dealers I know use Galves.

I'm thinking about bringing a Class Action Law Suite against them!
Appreciate 0
      03-01-2006, 02:47 PM   #2
Tweak48
Private
Tweak48's Avatar
0
Rep
64
Posts

 
Drives: 2006 Electric Red 330i
Join Date: Jan 2006
Location: Seattle

iTrader: (0)

What would be your charge???? Collusion to drive down prices??
Appreciate 0
      03-01-2006, 02:57 PM   #3
akhbhaat
Captain
Germany
10
Rep
838
Posts

 
Drives: ///M318ti Type-R Turbo
Join Date: May 2005
Location: Straddling the pond.

iTrader: (0)

You do realize that the trade-in value of your car is negotiable and the guide is completely irrelevant? The dealer knows that they will be able to resell your car for thousands more than what they give you for it, even at KBB values. Any reconditioning or repair work they have to do can be done in-house at a fraction of what it would cost you, so that's no excuse.

If they repeatedly try to low ball you on the trade (just be wary if they offer you a good deal for your trade right off the bat - they may be trying to get their profits from something else - like the price of the car you're buying), walk out on the deal and go somewhere else.

I usually just go straight through internet fleet sales. Those guys are more interested in volume, not profit per unit, and they just want to finish the deal as quickly as possible, same as I do. Golden rule is: the less of their time you consume, the less they expect to make.
Appreciate 0
      03-01-2006, 03:01 PM   #4
shragon
Moderator
shragon's Avatar
No_Country
321
Rep
27,450
Posts

 
Drives: 2006 325i SG Sedan
Join Date: Oct 2005
Location: Bay Area, CA

iTrader: (7)

kbb, nada, etc... is to be used as a guide. the actual market determines the value of a used car. the dealer will also look if it's something they can resell on their lot, or if it gets sold to an auction company. the dealer is really offering a trade-in as a service to help you get rid of your current car and get into a new one. nobody is forcing you to trade-in your car. if you want more money, the best thing is to sell your car yourself. dealers are known for low-balling.
__________________
Appreciate 0
      03-01-2006, 03:05 PM   #5
Lost Rider
Captain
Lost Rider's Avatar
United_States
26
Rep
805
Posts

 
Drives: R NineT, X1
Join Date: Dec 2005
Location: Ventura County, CA

iTrader: (0)

Garage List
2014 BMW R NineT  [0.00]
2015 X1 xdrive  [4.75]
Quote:
Originally Posted by Mr. BMW
It really bugs me that the trade-in values are so much less on Galves then they are with Kelly, NADA and many others. Why does NADA say my trade is worth 26K, Kelly 25K but Galves only 21K? How can there be a 4 to 5K difference?
My dealer and most dealers I know use Galves.

I'm thinking about bringing a Class Action Law Suite against them!
Good work! Thats just what we need.
I'm so tired of the price differences between the companies!
Who do they think they are, publishing opinions on the market value for a car!
I mean since all markets in the U.S. is exactly the same, why shouldn't all the INDEPENDENT companies trade in values be the same.
Please bring more frivolous lawsuits in to the American courts, god knows lawyers need more work here.
__________________
Appreciate 0
      03-01-2006, 03:10 PM   #6
Kimo
First Lieutenant
8
Rep
376
Posts

 
Drives: e90 e85 e46 e31
Join Date: Jun 2005
Location: Maryland

iTrader: (0)

Quote:
Originally Posted by Mr. BMW
It really bugs me that the trade-in values are so much less on Galves then they are with Kelly, NADA and many others. Why does NADA say my trade is worth 26K, Kelly 25K but Galves only 21K? How can there be a 4 to 5K difference?
My dealer and most dealers I know use Galves.

I'm thinking about bringing a Class Action Law Suite against them!
With apologies in advance (seriously):
Speaking of what "really bugs me", (and your typo of the term "Suite" aside), the widely used phrase "Class Action Law Suit" is incorrect -- a redundancy. The fact that everyone uses it incorrectly does not make it correct.
An action IS a suit, and a suit IS an action.
It's like saying "I'm getting rid of my run flat tire tires."
Not trying to be a tool (but perhaps succeeding), and in any case, good luck with your litigation.
__________________
Kimo --
His: ............2001 (e46) 330i, Jet Black
Hers:...........2006 (e90) 330i, Sapphire Black
Ours #1:....2008 (e85) Z4 3.0si, Jet Black
Ours #2:....1992 (e31) 850i, Jet Black
Appreciate 0
      03-01-2006, 03:32 PM   #7
Mr. BMW
Captain
Mr. BMW's Avatar
18
Rep
916
Posts

 
Drives: 2006 330i
Join Date: Feb 2006
Location: MA

iTrader: (0)

Garage List
2006 330i  [0.00]
2003 Pathfinder  [0.00]
Quote:
Originally Posted by akhbhaat
You do realize that the trade-in value of your car is negotiable and the guide is completely irrelevant? The dealer knows that they will be able to resell your car for thousands more than what they give you for it, even at KBB values. Any reconditioning or repair work they have to do can be done in-house at a fraction of what it would cost you, so that's no excuse.

.
I realize that but the problem is that the first thing they look at is the blue book value. In my case Galves and that’s the figure they stick to no mater what NADA or anyone else says.

I know I can get more selling it on my own but I just don’t have the time to deal with that. And timing the sale of the old car with the arrival of the new car will be a challenge. I don’t have another car to drive if I sell mine 3 weeks before the new one arrives.
Appreciate 0
      03-01-2006, 03:34 PM   #8
e90rocks
Myrmidon
e90rocks's Avatar
United_States
5
Rep
236
Posts

 
Drives: Entwicklung 90 - 325 Xi
Join Date: Jan 2006
Location: Pittsburgh, PA

iTrader: (0)

Garage List
2006 325 xi  [0.00]
Send a message via AIM to e90rocks
No Class in this suit

Quote:
Originally Posted by Mr. BMW
It really bugs me that the trade-in values are so much less on Galves then they are with Kelly, NADA and many others. Why does NADA say my trade is worth 26K, Kelly 25K but Galves only 21K? How can there be a 4 to 5K difference?
My dealer and most dealers I know use Galves.

I'm thinking about bringing a Class Action Law Suite against them!
A few questions:
1. Doesn't a Class Action Law Suit Tort (That one's for you ChiTown) require damages and multiple victims?
2. How do you know that Galves isn't more accurate than NADA and Kelly?
3. If there is collusion to fix prices or decrease competition, wouldn't that be more appropriate for the Federal Trade Commission to handle?
Appreciate 0
      03-01-2006, 03:38 PM   #9
Lost Rider
Captain
Lost Rider's Avatar
United_States
26
Rep
805
Posts

 
Drives: R NineT, X1
Join Date: Dec 2005
Location: Ventura County, CA

iTrader: (0)

Garage List
2014 BMW R NineT  [0.00]
2015 X1 xdrive  [4.75]
Quote:
Originally Posted by Mr. BMW
I realize that but the problem is that the first thing they look at is the blue book value. In my case Galves and that’s the figure they stick to no mater what NADA or anyone else says.

I know I can get more selling it on my own but I just don’t have the time to deal with that. And timing the sale of the old car with the arrival of the new car will be a challenge. I don’t have another car to drive if I sell mine 3 weeks before the new one arrives.

I think you have a very strong case and you should pursure this suit, possibly hiring a good lawyer. Since you don't have the time to sell it yourself, and you only have one car, you should be entitled to a massive settlement.






__________________
Appreciate 0
      03-01-2006, 03:45 PM   #10
ItalyBMW325
Second Lieutenant
2
Rep
256
Posts

 
Drives: BMW 325i
Join Date: Dec 2005
Location: Italy

iTrader: (2)

Garage List
2006 325i  [0.00]
Quote:
Originally Posted by Kimo
With apologies in advance (seriously):
Speaking of what "really bugs me", (and your typo of the term "Suite" aside), the widely used phrase "Class Action Law Suit" is incorrect -- a redundancy. The fact that everyone uses it incorrectly does not make it correct.
An action IS a suit, and a suit IS an action.
It's like saying "I'm getting rid of my run flat tire tires."
Not trying to be a tool (but perhaps succeeding), and in any case, good luck with your litigation.
I am actually involved in a Class Action lawsuit agaisnt Ford. They made faulty heads from 96-02 and many owners have suffered spark plug blowouts. I myself have suffered 2 at $3k a pop. I wont ever buy a Ford again.

And yes that is what the court docs state "Class Action Lawsuit" so you are being a tool.
Appreciate 0
      03-01-2006, 03:49 PM   #11
Lost Rider
Captain
Lost Rider's Avatar
United_States
26
Rep
805
Posts

 
Drives: R NineT, X1
Join Date: Dec 2005
Location: Ventura County, CA

iTrader: (0)

Garage List
2014 BMW R NineT  [0.00]
2015 X1 xdrive  [4.75]
I'm sorry to hear that, but I have to ask, why would someone in Italy buy an American piece of crap car like a Ford?
__________________
Appreciate 0
      03-01-2006, 03:49 PM   #12
peakpro
Second Lieutenant
3
Rep
290
Posts

 
Drives: ex-Z4; now looking
Join Date: Mar 2005
Location: NJ

iTrader: (0)

Quote:
Originally Posted by Mr. BMW
It really bugs me that the trade-in values are so much less on Galves then they are with Kelly, NADA and many others. Why does NADA say my trade is worth 26K, Kelly 25K but Galves only 21K? How can there be a 4 to 5K difference?
My dealer and most dealers I know use Galves.

I'm thinking about bringing a Class Action Law Suite against them!

Appreciate 0
      03-01-2006, 03:51 PM   #13
ItalyBMW325
Second Lieutenant
2
Rep
256
Posts

 
Drives: BMW 325i
Join Date: Dec 2005
Location: Italy

iTrader: (2)

Garage List
2006 325i  [0.00]
Quote:
Originally Posted by ChiTown
I'm sorry to hear that, but I have to ask, why would someone in Italy buy an American piece of crap car like a Ford?

I am American just working in Italy. My Ford Lightning is sitting in New Mexico (actually at a dealer in Texas getting fixed). I loved the fast truck (high performance and could tow my boat) but this was the last straw for an American vehicle.
Appreciate 0
      03-01-2006, 04:06 PM   #14
Mr. BMW
Captain
Mr. BMW's Avatar
18
Rep
916
Posts

 
Drives: 2006 330i
Join Date: Feb 2006
Location: MA

iTrader: (0)

Garage List
2006 330i  [0.00]
2003 Pathfinder  [0.00]
Quote:
Originally Posted by ChiTown
I think you have a very strong case and you should pursure this suit, possibly hiring a good lawyer. Since you don't have the time to sell it yourself, and you only have one car, you should be entitled to a massive settlement.






I also don’t have time to read your stupid comments, so unless you have something helpful to add, don’t bother replying!
Appreciate 0
      03-01-2006, 04:11 PM   #15
F32Fleet
BMWCCA since '03
F32Fleet's Avatar
United_States
69
Rep
5,325
Posts

 
Drives: 2015 435i
Join Date: May 2005
Location: Atlanta (Vinings)

iTrader: (0)

Quote:
Originally Posted by Kimo
With apologies in advance (seriously):
Speaking of what "really bugs me", (and your typo of the term "Suite" aside), the widely used phrase "Class Action Law Suit" is incorrect -- a redundancy. The fact that everyone uses it incorrectly does not make it correct.
An action IS a suit, and a suit IS an action.
It's like saying "I'm getting rid of my run flat tire tires."
Not trying to be a tool (but perhaps succeeding), and in any case, good luck with your litigation.

I'd also like to add a "suite" is not a "suit".
Appreciate 0
      03-01-2006, 04:20 PM   #16
JSpira
Freude am Fahren
JSpira's Avatar
Austria
92
Rep
5,254
Posts

 
Drives: Fünfer, Dreier, +
Join Date: Aug 2005
Location: New York, München, Wien

iTrader: (1)

Quote:
Originally Posted by Kimo
With apologies in advance (seriously):
Speaking of what "really bugs me", (and your typo of the term "Suite" aside), the widely used phrase "Class Action Law Suit" is incorrect -- a redundancy. The fact that everyone uses it incorrectly does not make it correct.
An action IS a suit, and a suit IS an action.
It's like saying "I'm getting rid of my run flat tire tires."
Not trying to be a tool (but perhaps succeeding), and in any case, good luck with your litigation.
Ja, that one bugs me. So does ,,Beef with au jus`` on a menu. I had a dinner meeting at Morton´s (which is not a bad place) and the waiter actually askd ,, Would you like some au jus``.
__________________
Freude am Fahren.

Jonathan




E90 2006 330xi
E90 2006 325i
E39 2003 530i Sport*
E46 2000 328Ci*
E36 1996 328iS*
E36 1992 325i*
E30 1991 318is
E21 1982 320iS*
E21 1979 320 (6-Zyl)*
*retired


Nominated: Most Contributing Member
Appreciate 0
      03-01-2006, 04:27 PM   #17
imageWIS
Audi Roamer…
imageWIS's Avatar
3
Rep
221
Posts

 
Drives: 06' Audi A4 2.0T
Join Date: Feb 2006
Location: Boca Raton, FL

iTrader: (0)

Send a message via AIM to imageWIS
Smile

Quote:
Originally Posted by Mr. BMW
I also don’t have time to read your stupid comments, so unless you have something helpful to add, don’t bother replying!
It would be helpful to approach this in a logical manner: are you forced to sell your car to the dealer? NO. See? All done. Any half-assed lawyer worth his Law-Degree-By-Mail diploma can make this simple case to have a lawsuit dismissed, to say nothing of a class action lawsuit (which requires a ‘class’ of people and a ‘class’ of similar precedent).

Just sell the car on your own, or go to another dealer.

Jon.
__________________
Die Gedanken sind frei

Sucker love is heaven sent.
You pucker up, our passion’s spent.
My hearts a tart, your body’s rent.
My body’s broken, yours is spent.
Appreciate 0
      03-01-2006, 04:43 PM   #18
Bimmer_2
Private
0
Rep
74
Posts

 
Drives: BMW 330i
Join Date: Jul 2005
Location: Atlanta, GA

iTrader: (0)

I don't see how you can sue them since no body force you to accept the given trade in value. All published trade in values are only a guide line to establish a reference point when trade in was involved. It is the same thing that you can not sue a dealer who sold you a car with a higher price tag than your neighbor.
Appreciate 0
      03-01-2006, 04:59 PM   #19
hotsand5
hotsand5
hotsand5's Avatar
United_States
16
Rep
807
Posts

 
Drives: 2006 BMW 330i 6spd
Join Date: Nov 2005
Location: chicago

iTrader: (0)

Garage List
2006 330i  [0.00]
Send a message via AIM to hotsand5
It is all relevant to the dealer. If he already has that same vehicle on the lot or something hard to sell...like a manual trans in the city, then you will get a lower price. Color interior options also has something to do with it.
__________________
-2006 BMW 330i-Sapphire Black- Tera Leather-Aluminum trim- 6spd manual- Sport- Premium- Cold- Navigation- Euro. delivery

-2005 Yamaha Warrior 1700 102cu"
Appreciate 0
      03-01-2006, 05:11 PM   #20
Booster
Pave The Rainforest
Booster's Avatar
26
Rep
942
Posts

 
Drives: Dog Hauler
Join Date: Dec 2005
Location: Charlotte, NC

iTrader: (31)

Garage List
2007 335i Coupe  [0.00]
Send a message via AIM to Booster
All those sites are bogus....

Just get a "black book" and find the true dealer market value....
__________________
05 Legacy GT Wagon
Appreciate 0
      03-01-2006, 05:19 PM   #21
///E90pilot
Captian
///E90pilot's Avatar
1
Rep
49
Posts

 
Drives: '06 325i
Join Date: Jan 2006
Location: Paducah, KY

iTrader: (1)

Hmmm...the first step would be putting together the class that has been wronged.
Appreciate 0
      03-01-2006, 06:19 PM   #22
JSpira
Freude am Fahren
JSpira's Avatar
Austria
92
Rep
5,254
Posts

 
Drives: Fünfer, Dreier, +
Join Date: Aug 2005
Location: New York, München, Wien

iTrader: (1)

Quote:
Originally Posted by Mr. BMW
I also don’t have time to read your stupid comments, so unless you have something helpful to add, don’t bother replying!
OK. This is a DISCUSSION forum. It´s not a place where there is a mandate to only answer questions the way YOU wish them to be addressed.

Please keep that in mind, esp. when posting something that was somewhat farcical to begin with.
__________________
Freude am Fahren.

Jonathan




E90 2006 330xi
E90 2006 325i
E39 2003 530i Sport*
E46 2000 328Ci*
E36 1996 328iS*
E36 1992 325i*
E30 1991 318is
E21 1982 320iS*
E21 1979 320 (6-Zyl)*
*retired


Nominated: Most Contributing Member
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 05:03 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST