Trade in Value thread

AmooManiak · 06-02-2021, 07:43 AM

Quote:

Originally Posted by brainf18

Anyone who trades a car in has money to burn. Private party sale or auction (bring a trailer or Cars and Bids etc) make it easy. You'll get more for the car and sell to an enthusiast not to a dealer to flip and profit from at your expense

Some people just don't want to (or cant) wait to find a buyer themselves. Yes, you get more money but you also have to spend your time weeding out tire kickers who are "interested" only to never be seen again.

JustinHEMI · 06-02-2021, 09:00 AM

Quote:

Originally Posted by AmooManiak

Some people just don't want to (or cant) wait to find a buyer themselves. Yes, you get more money but you also have to spend your time weeding out tire kickers who are "interested" only to never be seen again.

There's also tax advantages to trading in, in many markets. In PA, you pay tax only on the difference. That said, mine is being picked up by vroom today, to your point. They didn't play 20 questions, kick the tires, or needle me over minute details. So much better than dealing with buyers, even if I gave up a couple grand. Worth it to my sanity.

ASAP · 06-02-2021, 09:55 AM

Quote:

Originally Posted by JustinHEMI

Quote:

Originally Posted by AmooManiak

Some people just don't want to (or cant) wait to find a buyer themselves. Yes, you get more money but you also have to spend your time weeding out tire kickers who are "interested" only to never be seen again.

There's also tax advantages to trading in, in many markets. In PA, you pay tax only on the difference. That said, mine is being picked up by vroom today, to your point. They didn't play 20 questions, kick the tires, or needle me over minute details. So much better than dealing with buyers, even if I gave up a couple grand. Worth it to my sanity.

I really did not know there are tire kickers at the $60k level lol

Economatic · 06-02-2021, 10:07 AM

Quote:

Originally Posted by JustinHEMI

There's also tax advantages to trading in, in many markets. In PA, you pay tax only on the difference. That said, mine is being picked up by vroom today, to your point. They didn't play 20 questions, kick the tires, or needle me over minute details. So much better than dealing with buyers, even if I gave up a couple grand. Worth it to my sanity.

Do you mind sharing how much they're paying for your car? Any comments about the process of working with them?

Not sure how serious I am but all the time in the last year stuck working from home and the M2 not moving, often for weeks, has me thinking I don't need a third car. And just last week the BMW dealer down the street had an M2C spec'd similar to mine with more miles listed for $4k more than I paid new. I know that was the list price but damn! And it sold in a couple days.

JustinHEMI · 06-02-2021, 11:34 AM

Quote:

Originally Posted by Economatic

Do you mind sharing how much they're paying for your car? Any comments about the process of working with them?

Not sure how serious I am but all the time in the last year stuck working from home and the M2 not moving, often for weeks, has me thinking I don't need a third car. And just last week the BMW dealer down the street had an M2C spec'd similar to mine with more miles listed for $4k more than I paid new. I know that was the list price but damn! And it sold in a couple days.

55k.

Putting it aside for G87.

Only complaint so far is this damned pickup driver keeps changing the time. It was supposed to be 9am. Then noon. Then he called at 1130 and said an hour. It's 3 minutes past that lol.

I don't know how these companies do it, they seem to contract any Joe to pick up. I don't care though, as soon as he touches it it's their problem.

JustinHEMI · 06-02-2021, 11:43 AM

Quote:

Originally Posted by JustinHEMI

55k.

Putting it aside for G87.

Only complaint so far is this damned pickup driver keeps changing the time. It was supposed to be 9am. Then noon. Then he called at 1130 and said an hour. It's 3 minutes past that lol.

I don't know how these companies do it, they seem to contract any Joe to pick up. I don't care though, as soon as he touches it it's their problem.

He's here. Nice kid. But mine is 3rd car on truck. Not going far for delivery to vroom.

Economatic · 06-02-2021, 11:49 AM

Quote:

Originally Posted by JustinHEMI

55k.

Putting it aside for G87.

Only complaint so far is this damned pickup driver keeps changing the time. It was supposed to be 9am. Then noon. Then he called at 1130 and said an hour. It's 3 minutes past that lol.

I don't know how these companies do it, they seem to contract any Joe to pick up. I don't care though, as soon as he touches it it's their problem.

Thanks for insight. That's not a bad price to just walk away from the car. I might do the same if I get a similar offer. I've got a few days to think about it, as I paid off my M2C a few weeks ago and I'm still waiting for the title to arrive.

JustinHEMI · 06-02-2021, 12:00 PM

Quote:

Originally Posted by Economatic

Thanks for insight. That's not a bad price to just walk away from the car. I might do the same if I get a similar offer. I've got a few days to think about it, as I paid off my M2C a few weeks ago and I'm still waiting for the title to arrive.

Yeah didn't even have to wash her lol. Hope I don't regret it but excitement for G87 has me not so far.

Away she goes!

BigKutta · 06-02-2021, 12:44 PM

Quote:

Originally Posted by JustinHEMI

Yeah didn't even have to wash her lol. Hope I don't regret it but excitement for G87 has me not so far.

Away she goes!

Bittersweet. What you gonna do for almost 2 years?!?!

JustinHEMI · 06-02-2021, 01:30 PM

Quote:

Originally Posted by BigKutta

Bittersweet. What you gonna do for almost 2 years?!?!

Dream. And drive my outback XT like the m2c.

BigKutta · 06-02-2021, 01:42 PM

Quote:

Originally Posted by JustinHEMI

Dream. And drive my outback XT like the m2c.

Awesome, will be tracking you as you become one of the first G87 owners!

JCZ5 · 06-02-2021, 02:06 PM

I'm really curious who is buying used M2C second hand at almost full msrp. I love the M2C, but I can never imagine myself paying that much.

Conversely, I need to sell my M2C in the Fall. Hope the market will be ripe as it is now. But probably by then there will be market saturation with all of you guys selling your M2C. It's like a mass exodus of this car 🤣

AmooManiak · 06-02-2021, 02:11 PM

Quote:

Originally Posted by JCZ5

I'm really curious who is buying used M2C second hand at almost full msrp. I love the M2C, but I can never imagine myself paying that much.

If you can't get it new, there is no other option. This is what typically happens when a wanted car goes out of production and the G87 M2 won't be here for another 2 years. And of course the whole used car market being upside down.

BigKutta · 06-02-2021, 02:27 PM

Quote:

Originally Posted by JCZ5

I'm really curious who is buying used M2C second hand at almost full msrp. I love the M2C, but I can never imagine myself paying that much.

Conversely, I need to sell my M2C in the Fall. Hope the market will be ripe as it is now. But probably by then there will be market saturation with all of you guys selling your M2C. It's like a mass exodus of this car 🤣

Why not? What's 5-6k miles on the M2, when there is no other option. Yes, dont worry, this anomaly in the market too shall pass. Didn't you recently get your M2C, or am I mistaken?

JCZ5 · 06-02-2021, 03:17 PM

Quote:

Originally Posted by BigKutta

Quote:

Originally Posted by JCZ5

I'm really curious who is buying used M2C second hand at almost full msrp. I love the M2C, but I can never imagine myself paying that much.

Conversely, I need to sell my M2C in the Fall. Hope the market will be ripe as it is now. But probably by then there will be market saturation with all of you guys selling your M2C. It's like a mass exodus of this car 🤣

Why not? What's 5-6k miles on the M2, when there is no other option. Yes, dont worry, this anomaly in the market too shall pass. Didn't you recently get your M2C, or am I mistaken?

Hehe I got my '21 M2C last August. So yeah, pretty recent. And as you recall, I said it would be a keeper! But it just so happens I have two additions coming in the Fall that will make my M2C collecting dust outside🥺. Figured I would sell it now vs. 2 years down the road to maximize value.

Don't get me wrong, I still think the M2C is such a great car. But running out of garage space is a problem…

JustinHEMI · 06-02-2021, 03:25 PM

Quote:

Originally Posted by BigKutta

Awesome, will be tracking you as you become one of the first G87 owners!

As soon as humanly possible, assuming reports about things like individual colors and such are true, I'm placing an order.

BigKutta · 06-02-2021, 03:29 PM

Quote:

Originally Posted by JCZ5

Hehe I got my '21 M2C last August. So yeah, pretty recent. And as you recall, I said it would be a keeper! But it just so happens I have two additions coming in the Fall that will make my M2C collecting dust outside🥺. Figured I would sell it now vs. 2 years down the road to maximize value.

Don't get me wrong, I still think the M2C is such a great car. But running out of garage space is a problem…

What are your two repalcements?

JustinHEMI · 06-02-2021, 03:43 PM

Vroom already has mine available soon for 62K. LoL. I paid 57K new last year. This market is nuts.

JCZ5 · 06-02-2021, 03:55 PM

Quote:

Originally Posted by BigKutta

Quote:

Originally Posted by JCZ5

Hehe I got my '21 M2C last August. So yeah, pretty recent. And as you recall, I said it would be a keeper! But it just so happens I have two additions coming in the Fall that will make my M2C collecting dust outside🥺. Figured I would sell it now vs. 2 years down the road to maximize value.

Don't get me wrong, I still think the M2C is such a great car. But running out of garage space is a problem…

What are your two repalcements?

Got a GT4 coming after a year wait and also a Macan GTS. You see the dilemma of the M2C sitting out. Very fortunate to be in this situation, but better capitalize on the M2C before too late.

veenut28 · 06-02-2021, 06:15 PM

The market is bonkers right now. Out of curiosity I had mine appraised at vroom

2020, MT, Exec with 25000 miles: 57k!!!

Seriously?! I've had it for just over 2 yrs and logged 25k, and would be selling it for about $4k less than msrp which is what I paid.

I'm not even looking to sell. I wish there were new M2Cs left...I'd just flip mine for a new one in a heartbeat!

BigKutta · 06-02-2021, 06:19 PM

Quote:

Originally Posted by JCZ5

Got a GT4 coming after a year wait and also a Macan GTS. You see the dilemma of the M2C sitting out. Very fortunate to be in this situation, but better capitalize on the M2C before too late.

Yeah, you may never drive the M2C! Sell it while its hot.

smknjoe · 06-02-2021, 06:28 PM

Quote:

Originally Posted by veenut28

The market is bonkers right now. Out of curiosity I had mine appraised at vroom

2020, MT, Exec with 25000 miles: 57k!!!

Seriously?! I've had it for just over 2 yrs and logged 25k, and would be selling it for about $4k less than msrp which is what I paid.

I'm not even looking to sell. I wish there were new M2Cs left...I'd just flip mine for a new one in a heartbeat!

That's crazy. I wonder if color plays a part?

Out of curiosity, I got a soft offer of $54,700 from Vroom. 17,800 miles Black Manual Exec. 2020.

06-02-2021, 02:06 PM	#100
JCZ5 Major 1483 Rep 1,369 Posts Drives: BMW X5 (G05) Join Date: Mar 2019 Location: PA iTrader: (0)	I'm really curious who is buying used M2C second hand at almost full msrp. I love the M2C, but I can never imagine myself paying that much. Conversely, I need to sell my M2C in the Fall. Hope the market will be ripe as it is now. But probably by then there will be market saturation with all of you guys selling your M2C. It's like a mass exodus of this car 🤣 __________________ IG: @rise_n_drive
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06-02-2021, 03:43 PM	#106
JustinHEMI Not great. Not terrible 7445 Rep 2,700 Posts Drives: 2024 BMW X3 M40i Join Date: Apr 2016 Location: Lebanon, TN iTrader: (2)	Vroom already has mine available soon for 62K. LoL. I paid 57K new last year. This market is nuts. __________________ Current: 2024 BMW X3 M40i.
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06-02-2021, 06:15 PM	#108
veenut28 First Lieutenant 658 Rep 339 Posts Drives: 2020 M2, 6MT Join Date: Mar 2019 Location: Roanoke, VA iTrader: (0) Garage List 2020 BMW M2 Competi ... [10.00] [0.00]	The market is bonkers right now. Out of curiosity I had mine appraised at vroom 2020, MT, Exec with 25000 miles: 57k!!! Seriously?! I've had it for just over 2 yrs and logged 25k, and would be selling it for about $4k less than msrp which is what I paid. I'm not even looking to sell. I wish there were new M2Cs left...I'd just flip mine for a new one in a heartbeat!
	Appreciate 1 Capt Canuck704.00 Quote