10-11-2018, 06:26 PM | #1 |
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'15 328i trade in
Hello, I just went back from the dealer attempting to trade my 2015 328i Luxury Line with no accident and one owner.
Apparently the dealer asked for 16000 CAD which is 12300 USD approximately car is currently 44k miles(70k kms) and the dealer insisted saying its because the G20 coming out. CBB and autotrader said my car should be at 22000 CAD approx was trading in for a 2017 330i M sport which they priced at 37k CAD (28k usd) and would not even haggle. What do you guys think?
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10-11-2018, 08:06 PM | #2 | |
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I think you are answering your own question with the trade in value being extremely low. they said they can only give you discounted price for your car because of G20, they can extend you same for the 2017 you are buying because the new G20 is coming out.
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vinzcast21161.00 Wood11221.50 |
10-11-2018, 08:09 PM | #3 | ||
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10-11-2018, 08:12 PM | #4 |
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I always sell private, patience pays off, dealer will only give you less than half of the value of your car. Never worth it.
Last edited by Zanity; 10-15-2018 at 02:15 PM.. |
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10-11-2018, 09:14 PM | #5 |
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The dealer will self-admittedly give you the worst deal on a trade. Try private party, or carmax etc.
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10-11-2018, 09:39 PM | #6 |
¯\_(ツ)_/¯
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tell the dealer to go kick rocks
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10-11-2018, 09:54 PM | #8 |
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The dealer is giving you the 48m value of your vehicle, which will be low b/c BMW's are notoriously bad at holding value. The offer given is expected auction return for that vehicle at wholesale.
Source: I set residual values in the US and Canada. BMW values suck a lot more than what BMW financial is willing to admit. |
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10-12-2018, 12:52 AM | #9 |
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I'd keep the 2015, buy some bumpers and retrofit.
Not worth the $21K CAD. I could buy a Mazda 3 for that money
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10-12-2018, 12:53 AM | #10 |
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I know right, gonna see a 340i tomorrow see if I can get a good deal
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10-13-2018, 10:10 PM | #11 |
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Carmax just as bad or worse. Not sure if Carmax exists in Canada...
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10-13-2018, 10:12 PM | #12 |
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Keep it until the wheels fall off.
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2017 BMW 530i, Sport Line,Alpine White, Canberra Beige Sensatec, 19 inch V-Spoke wheels, basic plain Jane build with no options whatsoever..... "Less is more".
Before: 2011 BMW 328i E90 sedan, Platinum Bronze Metallic, Dakota Brown leather, 17 inch wheels, 6-speed auto, N52 6 Cyl inline N/A goodness.... |
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10-14-2018, 12:56 AM | #13 |
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Don't do it. Just keep your car with those awesome red seats.
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10-14-2018, 12:58 AM | #14 |
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It depends on the car. I always try them first because it's fast (15min) and it's a real tangible offer good for a week. High volume cars seem to do better than other.
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10-14-2018, 03:15 AM | #15 |
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sadly that is the test drive car
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10-14-2018, 05:10 PM | #16 |
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10-14-2018, 06:57 PM | #17 |
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Dealers make profits in trade ins (stealing them from unsuspecting customers) and the sale of used cars. That's where the money is.
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2017 BMW 530i, Sport Line,Alpine White, Canberra Beige Sensatec, 19 inch V-Spoke wheels, basic plain Jane build with no options whatsoever..... "Less is more".
Before: 2011 BMW 328i E90 sedan, Platinum Bronze Metallic, Dakota Brown leather, 17 inch wheels, 6-speed auto, N52 6 Cyl inline N/A goodness.... |
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10-15-2018, 07:29 AM | #18 |
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Private sales used to be a hassle when the only way to do so was with newspaper ads and sticking a For Sale sign on the windshield. With sites like Auto Trader it's so easy, and the customer base so broad, that trading a car in makes no sense.
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10-17-2018, 03:58 AM | #20 |
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trade
The dealers are all the same, one would think they wouldn't insult people on trade ins.I wish i could get my wife to listen, she hates trying to sell a car, like most people she has no patience …..Trading is easier! lol sure is,and that is what the dealer is hoping. 10k diff wow...I would wait 6mo for that.....
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10-17-2018, 10:17 AM | #21 | |
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Ouch! OP, find a private buyer or another dealer that hopefully has the car you want. Subaru offered me $12k for my '15 Legacy 3.6R with 73k miles if I bought another Subaru. I said nah, I'm going back to BMW then. They gave me $15.5k for my Subaru to trade into my current car. They sold my Subaru two weeks later for $16.9k. |
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