[Foggins]

So I have been daily driving a 2020 VW GLI Autobahn (6spd ) for the past few months as a "tide me over" car until I get back into something really fun. So the new M2C is on it's way towards end of July, and I don't need the VW right now as we are still working from home.

Per a recent poster who shared their experiences, I have tried a few different avenues. Both Vroom and Carvana came back with appraisals within dollars of each other. The retail private party price is $28.5k, and the both came back with $26k. I thought that was interesting, but I also noticed that the value they are offering changes everyday, I guess based on their supply/demand algorithm.

The BMW dealership I am getting the M2C from is a full $3000 lower than the Vroom and Carvana offer. They offered $23k, and they know it is truly in "as new" condition. They weren't even willing to meet the existing offers, not even by a dollar. It would have been so much easier to sell it to them and get the tax credit, but I will now have to go a different route.

I might give cars and bids a whirl as well, as I still have some time.

But it is sooooo frustrating dealing with dealerships, the whole model sucks and needs a total rethink. Not to put myself on a pedestal, but I am a whale when it comes to dealerships...perfect credit, OCD about my cars, and I switch very often. So I would have thought they would have tried to work with me, especially since I agreed to pay MSRP for the new M2 (didn't even try and bargain).

Anyways, thanks for letting me vent.

[Capt Canuck]

Dealers don't owe you anything, much like you don't owe them anything (well until you buy from them )

Sorry but hard to have any sympathy for (based on my reading of the OP) someone who buys a year old car to tide them over for a couple months, know they are going to have to then get rid of it.

Could have bought a shed or used as pay-as-you-go car share program or rent one for the weekends only if you're WFHing during the week.

[Manny01]

Don't be lazy.

Go to Autotrader, research the for sale price for your car, years, conditions, miles, specs, etc. Price accordingly and sell yourself. In this environment, you'll move your car in less than a week and get top dollar.

[IcewaterPete]

Originally Posted by Manny01

Don't be lazy.

Go to Autotrader, research the for sale price for your car, years, conditions, miles, specs, etc. Price accordingly and sell yourself. In this environment, you'll move your car in less than a week and get top dollar.

I’ll second Manny on this. I do it every time with Autotrader and Car Gurus. My cars are like what OP described, low miles, excellent condition with all dealer service records. I always ask top dollar and stick to it since I know they can’t find anything nicer. My biggest challenge has come down to color preferences of the purchasers...that’s it. Be prepared to deal with a lot of ghosting, scams, etc. in the end you will get top dollar...be patient!!

And remember the golden rule...always hold the title, keys and/or car until the money clears. I typically go to the buyers bank and watch the process of them getting the cashiers check or cash.

[Bumpinjeep]

Do you have the car paid off? How much do you owe on it?

[akkando]

Originally Posted by Foggins

So I have been daily driving a 2020 VW GLI Autobahn (6spd ) for the past few months as a "tide me over" car until I get back into something really fun. So the new M2C is on it's way towards end of July, and I don't need the VW right now as we are still working from home.

Per a recent poster who shared their experiences, I have tried a few different avenues. Both Vroom and Carvana came back with appraisals within dollars of each other. The retail private party price is $28.5k, and the both came back with $26k. I thought that was interesting, but I also noticed that the value they are offering changes everyday, I guess based on their supply/demand algorithm.

The BMW dealership I am getting the M2C from is a full $3000 lower than the Vroom and Carvana offer. They offered $23k, and they know it is truly in "as new" condition. They weren't even willing to meet the existing offers, not even by a dollar. It would have been so much easier to sell it to them and get the tax credit, but I will now have to go a different route.

I might give cars and bids a whirl as well, as I still have some time.

But it is sooooo frustrating dealing with dealerships, the whole model sucks and needs a total rethink. Not to put myself on a pedestal, but I am a whale when it comes to dealerships...perfect credit, OCD about my cars, and I switch very often. So I would have thought they would have tried to work with me, especially since I agreed to pay MSRP for the new M2 (didn't even try and bargain).

Anyways, thanks for letting me vent.

Try selling to the public... then see how you feel..

[DanG]

You may want to check the tax laws where you are going to register the car. In some states (like Washington State) you only pay sales tax on the difference between your trade-in and the new car sale price. In my case it is a 10.1% savings on the trade in value.

[Foggins]

Thanks for the messages, I just sold it back to the dealership I bought it from for a good price, about an hour ago. I was taking it in for service tomorrow and my salesperson and I worked up a quick deal. This way I get a solid deal, and save time as well.

[243Racing]

I helped write the carvana algorithm, so I enjoyed reading OP good luck !

[M2COMP]

I have sold a few cars on auto trader and car guru recently.

What my principle is to come to a term with a selling price after researching online. The price has to be reasonable ( between private party and trade in/-close to private party- off course not outrageous) which should be able to sell car and I'm at peace with it. Once I decide a price I barely negotiate and always find a buyer who is willing to pay.

I may not sell at the best price but I'm looking to get a reasonable amount.

You may have a very different approach. But that's my 2 cents.

[PCAHvet]

Originally Posted by Foggins

Thanks for the messages, I just sold it back to the dealership I bought it from for a good price, about an hour ago. I was taking it in for service tomorrow and my salesperson and I worked up a quick deal. This way I get a solid deal, and save time as well.

After the fact now but some dealerships will perform courtesy 3rd party trades whereby you provide the buyer for your trade-in and get the tax benefits-they just act as intermediaries and do the paperwork.

[burtonsbs5114]

Originally Posted by PCAHvet

After the fact now but some dealerships will perform courtesy 3rd party trades whereby you provide the buyer for your trade-in and get the tax benefits-they just act as intermediaries and do the paperwork.

My friend owns a used car lot and he is doing this for me

[mrussell]

In Missouri we get sales tax credit selling a used car private party. The sale can be either 6 months prior or after the purchase of a new car. So I always sell mine on my own. Same strategy as M2COMP. Price a little under private party price and hold tight.

[Poochie]

Usually I frown upon selling a vehicle privately but at this point in time, it's certainly a seller's market, so I would of gone that route and more than likely turn over a decent profit.

Even the used regular 2 Series is flying off the shelf, so to speak. I assume that a fairly used M2/M2C nowadays would fetch you a lofty return on your money.

https://www.cnet.com/roadshow/news/f...ed-cars-april/