Sell Coupe?

///austin · 08-11-2009, 12:17 PM

Guys,

If I private party sell my 2008 Red/black coupe (every option but smg and extended leather) with 14,500 miles what should I look to get?

Dealers are telling me $50k on trade.

Thanks!

artifice · 08-11-2009, 12:20 PM

50k on trade seems fair, private party sell maybe get you about $47-48 if you want it to go quick.

BMWCadet · 08-11-2009, 12:23 PM

Be happy you can get $50k trade in value for an 08 with 15k miles and take it. What are you going to trade it in for anyways?

Nawaaz · 08-11-2009, 12:23 PM

$50k may seem fair for the trade, but as we all know.....The dealer will make it up on the new car sale.

mPlasticDesign · 08-11-2009, 12:23 PM

Quote:

Originally Posted by artifice

50k on trade seems fair, private party sell maybe get you about $47-48 if you want it to go quick.

Why would he even bother with private party if it is less like your saying, than trade in value? Having said that, I think private party should be a bit higher than trade-in...

BMWCadet · 08-11-2009, 12:26 PM

Quote:

Originally Posted by ///Metak

Why would he even bother with private party if it is less like your saying, than trade in value? Having said that, I think private party should be a bit higher than trade-in...

Because people can buy 08's with lower mileage than that in the upper $40k's to low $50k's. Private sale, he'd be lucky to get $45k. Hell in the "Cars for sale" section, a guy is selling his 08 w/ DCT and only 6k miles for $52k.

artifice · 08-11-2009, 12:28 PM

^^ +1 ... that is why I said the trade is fair.

SlammedR8 · 08-11-2009, 12:30 PM

Quote:

Originally Posted by ///Metak

Why would he even bother with private party if it is less like your saying, than trade in value? Having said that, I think private party should be a bit higher than trade-in...

+1

Quote:

Originally Posted by BMWCadet

Because people can buy 08's with lower mileage than that in the upper $40k's to low $50k's. Private sale, he'd be lucky to get $45k. Hell in the "Cars for sale" section, a guy is selling his 08 w/ DCT and only 6k miles for $52k.

YA, but if the dealer is offering $50k, why would he "TRY" to sell it for 47k or 48k ?

Obviously, he would just take the 50k from dealer.

SlammedR8 · 08-11-2009, 12:31 PM

Quote:

Originally Posted by ///austin

Guys,

If I private party sell my 2008 Red/black coupe (every option but SMGand extended leather) with 14,500 miles what should I look to get?

Dealers are telling me $50k on trade.

Thanks!

You don't have SMG? WOW! How can you buy an E9x without SMG, everyone buys SMG

sorry I had to...

Mookster · 08-11-2009, 12:35 PM

I doubt dealer is giving you $50k on a trade unless they're ripping you a new a**hole on the new car.

Finnegan · 08-11-2009, 12:49 PM

Quote:

Originally Posted by ///austin

Guys,

If I private party sell my 2008 Red/black coupe (every option but smg and extended leather) with 14,500 miles what should I look to get?

Dealers are telling me $50k on trade.

Thanks!

The $50K is good. But what's the cost on the new ____ you're buying? The $50K is only part of the equation. There's the cost of the replacement. There's also the cost of the financing if you're not buying outright (and comparison of that to any financing on the old car).

I'd suggest running some scenarios to see what your loss points are based on several deals. You're going to lose something here. The question is how much. Have a totally solid idea of what's a good business deal before going any further with any dealer and keep things within those lines when negotiating.

Hey, the car you have sounds plenty sweet to me so you probably don't really need a new one--make sure the dealer knows that as it helps leverage things in your favor. At the very least it won't hurt and it may help keep focus on the deal not the new toy.

So, are you thinking of keeping the wife's vert with the .9% financing and trading the M3 for an X3 or X5???

///austin · 08-11-2009, 01:38 PM

Well, I would like to get an X5 etc., but the dealer we have bought so many cars from over the past few years is not really wanting to work the numbers. The deals they are doing on '09s would be appropriate for the 2010 models.

Best number on trade on my car was actually from a Lexus dealer. I just asked about getting an RX at invoice because my wife likes those.

With the .9 financing on the convertible it's hard to give that up. Plus, even though it's not an M, it is a cool ride--all black, sport package etc.

Georgeair · 08-11-2009, 02:12 PM

Don't forget you'll save on taxes with the trade as well.

If it's a $50K trade against an already good invoice-ish price, sounds good. If it's $50K against MSRP then no way.

Finnegan · 08-11-2009, 02:16 PM

Quote:

Originally Posted by ///austin

Well, I would like to get an X5 etc., but the dealer we have bought so many cars from over the past few years is not really wanting to work the numbers. The deals they are doing on '09s would be appropriate for the 2010 models.

Best number on trade on my car was actually from a Lexus dealer. I just asked about getting an RX at invoice because my wife likes those.

With the .9 financing on the convertible it's hard to give that up. Plus, even though it's not an M, it is a cool ride--all black, sport package etc.

The RX at invoice is still going to net the dealer money but if you can swing that it doesn't look like you're getting hammered. I don't pay much attention to TV ads, but I thought I heard something about the "Lexus ____ Event" last night with 0% or something like that. If that's the case, and it's available in TX, invoice at 0% is a good deal.

Even though many will tell you to keep the M3 (and I'll admit I'm partial to that myself on a emotional level) you need to do what you need to do to make the best financial decision here IMO. It looks like you've ruled out the other lower cost options (used this and that) so this may be your best financial solution.

///austin · 08-11-2009, 02:59 PM

I don't think there's any special financing, just special lease deals which aren't so special. Seems like the thing to do would be to hold on my car and just aggressively pay it off over the next 6-9 months, and then figure out what to do from there as opposed to losing money on a trade.

warzilla · 08-11-2009, 03:53 PM

50k trade in is a good deal. As others said, that counts for your trade in the tax of the new car, so that could be a couple of thousands in saving right there also. I think its better then a private sale, unless you can sell the car privately that will gain you more profit then what you would have gotten in trade-in (50k) plus the savings on taxes for the purchase of a new vehicle.

SpencerM3 · 08-11-2009, 07:12 PM

Trading in an M3 for an X5.....

///austin · 08-12-2009, 01:49 PM

Not an X5, no.

Heard back from the Lexus dealer. You guys were right--ripoff is happening somewhere. Basically the monthly payment they offered on a 36 month lease would only be a $100 less than if I just traded my car and did a finance. That tells me no way.

So I will be keeping my car. I may list it online. Not sure.

But to me it seems, the bottom line is that I can buy a third vehicle like a Discovery for less money than it costs to trade a BMW.

08-11-2009, 12:17 PM	#1
///austin Private First Class 21 Rep 106 Posts Drives: 2008 BMW ///M3 Coupe Join Date: Mar 2008 Location: Texas iTrader: (0)	Sell Coupe? Guys, If I private party sell my 2008 Red/black coupe (every option but smg and extended leather) with 14,500 miles what should I look to get? Dealers are telling me $50k on trade. Thanks!
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08-11-2009, 12:20 PM	#2
artifice Major 49 Rep 1,190 Posts Drives: 2008 E92 M3 Join Date: Jul 2009 Location: The Colony, TX iTrader: (0)	50k on trade seems fair, private party sell maybe get you about $47-48 if you want it to go quick.
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08-11-2009, 12:23 PM	#3
BMWCadet Lieutenant 6 Rep 402 Posts Drives: BMW E92 MR M3 Join Date: May 2009 Location: Fort Gordon, Georgia iTrader: (0)	Be happy you can get $50k trade in value for an 08 with 15k miles and take it. What are you going to trade it in for anyways?
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08-11-2009, 12:23 PM	#4
Nawaaz Brigadier General 221 Rep 4,643 Posts Drives: . Join Date: Apr 2009 Location: . iTrader: (0)	$50k may seem fair for the trade, but as we all know.....The dealer will make it up on the new car sale.
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08-11-2009, 12:28 PM	#7
artifice Major 49 Rep 1,190 Posts Drives: 2008 E92 M3 Join Date: Jul 2009 Location: The Colony, TX iTrader: (0)	^^ +1 ... that is why I said the trade is fair.
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08-11-2009, 12:35 PM	#10
Mookster Captain 184 Rep 692 Posts Drives: 2019 ZR1 & 2020 Supra GR LE Join Date: Dec 2008 Location: Seattle iTrader: (0)	I doubt dealer is giving you $50k on a trade unless they're ripping you a new a**hole on the new car.
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08-11-2009, 01:38 PM	#12
///austin Private First Class 21 Rep 106 Posts Drives: 2008 BMW ///M3 Coupe Join Date: Mar 2008 Location: Texas iTrader: (0)	Well, I would like to get an X5 etc., but the dealer we have bought so many cars from over the past few years is not really wanting to work the numbers. The deals they are doing on '09s would be appropriate for the 2010 models. Best number on trade on my car was actually from a Lexus dealer. I just asked about getting an RX at invoice because my wife likes those. With the .9 financing on the convertible it's hard to give that up. Plus, even though it's not an M, it is a cool ride--all black, sport package etc.
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08-11-2009, 02:12 PM	#13
Georgeair Captain 80 Rep 803 Posts Drives: '08 Melbourne E92 M3 Join Date: Apr 2009 Location: Madison, MS iTrader: (2)	Don't forget you'll save on taxes with the trade as well. If it's a $50K trade against an already good invoice-ish price, sounds good. If it's $50K against MSRP then no way.
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08-11-2009, 02:59 PM	#15
///austin Private First Class 21 Rep 106 Posts Drives: 2008 BMW ///M3 Coupe Join Date: Mar 2008 Location: Texas iTrader: (0)	I don't think there's any special financing, just special lease deals which aren't so special. Seems like the thing to do would be to hold on my car and just aggressively pay it off over the next 6-9 months, and then figure out what to do from there as opposed to losing money on a trade. Last edited by ///austin; 08-11-2009 at 03:03 PM.. Reason: typo
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08-11-2009, 03:53 PM	#16
warzilla Lieutenant 148 Rep 598 Posts Drives: E46 M3, f31 330, f31 328d Join Date: Feb 2008 Location: NYC iTrader: (-1)	50k trade in is a good deal. As others said, that counts for your trade in the tax of the new car, so that could be a couple of thousands in saving right there also. I think its better then a private sale, unless you can sell the car privately that will gain you more profit then what you would have gotten in trade-in (50k) plus the savings on taxes for the purchase of a new vehicle. __________________ 2006 M3 ZHP in IB (Crashed) \| 2005 M3 ZHP in IB (Sold) 2004 M3 in IR - Current 2018 330ix Wagon - Current 2017 328d Wagon - Current
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08-11-2009, 07:12 PM	#17
SpencerM3 Sauce 75 Rep 2,023 Posts Drives: 2009 SSII E90 M3 Join Date: Jun 2006 Location: Los Angeles iTrader: (1)	Trading in an M3 for an X5..... __________________ 2009 E90 M3 \| Silverstone II \| Black Novillo \| HRE P40's \| Akrapovic Exhaust \| Eibach Pro Kit \| Jet Black Kidney Grilles \| SSII Side Reflectors \| SSII Side Gills \| LUX H8 Angel Eyes \| Macht Schnell Filter \| Tecnocraft Envy Charge Pipe "M3 drivers have no friends." - Jeremy Clarkson
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08-12-2009, 01:49 PM	#18
///austin Private First Class 21 Rep 106 Posts Drives: 2008 BMW ///M3 Coupe Join Date: Mar 2008 Location: Texas iTrader: (0)	Not an X5, no. Heard back from the Lexus dealer. You guys were right--ripoff is happening somewhere. Basically the monthly payment they offered on a 36 month lease would only be a $100 less than if I just traded my car and did a finance. That tells me no way. So I will be keeping my car. I may list it online. Not sure. But to me it seems, the bottom line is that I can buy a third vehicle like a Discovery for less money than it costs to trade a BMW.
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