Dealer "private invitation" 115% buyback
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Joined: Jun 2007
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From: USA
My Ride: E60
Model Year: 2006
Engine: N52
Anyone else recently get a "private invitation" for a buyback in the mail from their local dealer?
They letter states they are authorized to offer 115% of fair market value for all BMW trades blah blah blah.
Looks like marketing crap to me but I was just wondering if anyone here has actually been to one of these "invitation only" events.
I would go just to see what they'll offer for my car and what other loopholes they'll throw in like "only valid if you buy or lease today at MSRP" but the dealer is an hour and half away and I really don't feel like driving 3 hours to shoot the shit.
They letter states they are authorized to offer 115% of fair market value for all BMW trades blah blah blah.
Looks like marketing crap to me but I was just wondering if anyone here has actually been to one of these "invitation only" events.
I would go just to see what they'll offer for my car and what other loopholes they'll throw in like "only valid if you buy or lease today at MSRP" but the dealer is an hour and half away and I really don't feel like driving 3 hours to shoot the shit.
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Joined: Jun 2007
Posts: 874
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From: USA
My Ride: E60
Model Year: 2006
Engine: N52
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From: SoCal
My Ride: 2008 550I LOADED, all options except HUD and NV
HAHAHA we have the same dream, only in my dream the 550 is blue, with black or natural brown interior - definitely the same wheels
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Joined: Oct 2009
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From: Los Angeles, CA
My Ride: 06 530i
I got one of those mailer's from my local dealer. Except they were offering a fully loaded 2008 328i 4door lease return for 28k if I sold my 06 530i to them. Didn't make much sense to me.
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From: Northern NJ, USA
My Ride: 2011 M3 Convertible, Alpine White/black, 6 speed
2011 535xi Tasmin Green, Venetian Beige
Fair Market Value is a highly subjective term. I wouldn't waste my time. It really can mean anything.
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From: Atlanta, GA
My Ride: 2008 535i:
(8/07 Build) Metallic Bronze, Beige NASCA Leather, Ventilated Seats, Sport Pkg, Cold Wxr Pkg, Logic-7 Sound, HUD, Night Vision, PDC, Split Rear Seats, NAV, Premium Pkg, Comfort Access, HD Radio, Sport Auto Trans
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Here's how it works:
The dealer offers FMV for the vehicle based on TRADE value. They are already lowballing you, the 115% is just a sales pitch, any profit the dealer might lose on the trade they will get back on the new sale.
I got a similar offer from my dealer where they were authorized "to buy your trade for whatever amount you owed on the loan". All it meant was they would pay FMV and roll any leftover debt from the old loan to the new one.
The dealer offers FMV for the vehicle based on TRADE value. They are already lowballing you, the 115% is just a sales pitch, any profit the dealer might lose on the trade they will get back on the new sale.
I got a similar offer from my dealer where they were authorized "to buy your trade for whatever amount you owed on the loan". All it meant was they would pay FMV and roll any leftover debt from the old loan to the new one.
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