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2004 525i trade in value
Edmunds says trade in is as follows
Trade-In Private Party Dealer Retail
National Base Price $28,354 $29,914 $32,514
Optional Equipment $3,799 $3,991 $4,791
Garage Door Opener $170 $179 $215
Leather Seats $569 $598 $718
Xenon High Intensity Discharge Headlights $455 $478 $574
Sport Package $1,879 $1,974 $2,369
6-Speed Automatic Transmission $726 $762 $915
Color Adjustment
Black $31 $33 $36
Regional Adjustment
for Zip Code 38018 $142 $150 $163
Mileage Adjustment
21,000 miles $63 $63 $63
Condition Adjustment
Clean $0 $0 $0
Total $32,389 $34,151 $37,567
Dealer says he will give 29k for trade in.
What gives? Who is wrong? The dealer or edmunds?
If these cars are supposed to keep their resale so well, I would think the dealer would deal.
| | Reply » 2004 525i trade in value |
Quote: Edmunds says trade in is as follows
Trade-In Private Party Dealer Retail
National Base Price $28,354 $29,914 $32,514
Optional Equipment $4,952 $5,202 $6,245
Navigation System $1,025 $1,076 $1,292
Garage Door Opener $170 $179 $215
Leather Seats $569 $598 $718
Xenon High Intensity Discharge Headlights $455 $478 $574
6-Speed Sequential Semi-Manual Transmission $854 $897 $1,077
Sport Package $1,879 $1,974 $2,369
Color Adjustment
Black $31 $33 $36
Regional Adjustment
for Zip Code 38018 $142 $150 $163
Mileage Adjustment
21,000 miles $63 $63 $63
Condition Adjustment
Clean $0 $0 $0
Total $33,542 $35,362 $39,021
Dealer says he will give 29k for trade in.
What gives? Who is wrong? The dealer or edmunds? | The dealer.
| | Reply » 2004 525i trade in value |
Edumunds is the best when it comes to realistic values. The KBBs are outrageous.
I think the problem in your case is the SMG. Not many takers for it and the dealer wants to play it safe. I suggest that you try a private sale for the car if you want more. You could try using Ebay etc. to get a wider audience. And next time lease your $50K car.
FWIW I sold my 2003 E39 525 (see below) for $29K last November. It had 29xxx miles. This was a private party sale. I think the trade in would have been around $25-26K. In general car prices are higher in the SF Bay Area though.
| | Reply » 2004 525i trade in value |
bump with corrections. I had erroneously chosen SMG by mistake. No SMG.
| | Reply » 2004 525i trade in value |
If no SMG, then the dealer is a stealer.
And for god's sake, lease the car. It saves you from the depreciation hassle and the residuals are very nice (read high).
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2004 525i trade in value