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Poor trade-in value
Well I tried to deal today with a dealer. Was offered $15,500 on a 325xi that Edmunds said was "trade in" value of $20,000. Will look at other dealers - but was quite disappointed by the initial offer from the dealer on an E90.
Anyone with similar experiences?
| | Reply » Poor trade-in value |
Dealers will always try to low-ball you on a trade-in... it's in their interest, and there are (uninformed) people out there who would have just jumped on that.
Better to try and sell privately.
| | Reply » Poor trade-in value |
im not an expert on these things....but now that the E90 is out...wouldnt your E46 go down in value quite a bit...just because it is an "older model"?
| | Reply » Poor trade-in value |
try carmax.
| | Reply » Poor trade-in value |
Quote: | im not an expert on these things....but now that the E90 is out...wouldnt your E46 go down in value quite a bit...just because it is an "older model"? |
no.....thats what the dealership wants you to think....just because a "new model" comes out, does not mean your car "loses value"....100% BS.........there are so many vehicles out there that "older" models are valued much higher than the new ones......for instance...a lot of people dont like the new toyota 4 runner style, or the new jeep grand cherokee style.....not saying i like them or not, but they havent gone over great, and the older models are selling better than ever.........dont let a dealer tell you your car is worth less because a new model came out......ill tell u what....in college....you buy a book for $200, when you "sell back" the book they will offer you $20 because a "new edition" is pending or sh*t......but then they turn around and sell the book for $150.........you have to learn how the economy and market system works to truly understand how NOT to get ripped off.....NEVER undersale your car because they say the "value" is lower.....ONE more example...Honda's s2000......hate it or not, its a great sports car....but the 2001 version is considered to be the "model to have"...especially the white with red interior (just know this because my brother is huge on the s2000)..........this is a 5 year old car, but because its so popular and rare, it sells ABOVE KBB and NADA values....ALSO, never go by KBB value..its UNDERSCORES your vehicle....NADA.com is what 95% of banks use to base their loan values on, so its a better judgement...cant tell you how i know this, but 90% of the time, it works all the time...hahah....if you know what i mean...peace out
| | Reply » Poor trade-in value |
Quote: Well I tried to deal today with a dealer. Was offered $15,500 on a 325xi that Edmunds said was "trade in" value of $20,000. Will look at other dealers - but was quite disappointed by the initial offer from the dealer on an E90.
Anyone with similar experiences? |
Also, pull up autotrader.com and see what others are selling for. Nationwide, the cheapest 2002 325xi is going for $17,000 with an average price of $26,000. Sounds like you can do better than this dealership.
I say look there, and even sell there if you have the time/patience. Otherwise use it as a bargaining chip.
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Poor trade-in value