My 2005 545I has only 41K and is a summer only car and they offered me 18k on a trade in. Does that sound right. Told me even though the cars ready to put on the lot and needs nothing the colors not that popular. Everywhere I go people comment on the car and it's color! Are they for real?
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I would say they are for real... I bought an 04 545i loaded for $17+k... for a trade in they have to leave a bit of room to make a little money or its not worth it to them... and mine is black with the auburn interior.
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Originally Posted by strobeguy
(Post 1330936)
My 2005 545I has only 41K and is a summer only car and they offered me 18k on a trade in. Does that sound right. Told me even though the cars ready to put on the lot and needs nothing the colors not that popular. Everywhere I go people comment on the car and it's color! Are they for real?
Thinking about trading my '06 550 with almost 70K miles in for an '08...took it to Carmax and was appraised for $ 21,500 which was the exact KBB's good trade in price. |
Originally Posted by strobeguy
(Post 1330936)
My 2005 545I has only 41K and is a summer only car and they offered me 18k on a trade in. Does that sound right. Told me even though the cars ready to put on the lot and needs nothing the colors not that popular. Everywhere I go people comment on the car and it's color! Are they for real?
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Luigi is right - consider it the cost for the "convenience" of having the stealer sell the car for you. They rip you off with the low trade-in value.
You will likely get more if you sell it on your own. Also, I heard somewhere that the most popular colors for BMW were black or silver? :lol: |
It's fair if not high imho. I sold my 05 545i last yr with 50k miles, fully loaded for $17,400
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sounds reasonable
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That's about right. If timing is tight for you push them for an extra $1k and then take it. Otherwise I'd trade it in at Carmax (they give better trade in values) or do a private sell (this is your best bet for highest selling price).
Good luck! What are you getting next? |
That sounds about right...I picked my 06 with a few thousand more miles for $18,000 not too long ago.
Like the others have said, Carmax is your best option. Good luck! :thumbsup: |
I would have thought at least 20k. I save on the sales tax which is about a grand but I guess since I haven't traded in a while I didn't realive how much depreciation there is.
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I purchased 08 550 with 28k miles in aug/2010 for about 41.5k drive out and decided to sell march/2011 with 39k miles and carmax/dealer wanted to offer me 32k...9.5k deprecation in 6 months. I said forget it and just keeping it.
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Depreciation is a bitch. :bash:
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On the other side of the coin - because of the huge depreciation, I'm able to buy a $56K car for less than $18K after 5 years. I always bought 4 to 5 year old Merc or BMW cars for less than 35 to 40% of the original price.
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