[Bc2005]

I got a bingo card in the mail from my dealer in late January and they were offering $39k for my 2021 M340i with 46k miles if I wanted to trade it in. It’s a black/oyster M340i, premium package, 792M wheels, shadowline, driving assistance, park assistance, etc. I assumed this was a wholesale/trade-in offer, which are usually on the low side.

I’m now considering a new non-BMW lease, so I decided to check prices if I just sell my car directly. KBB dealers came back with a price of $34-35k, CarMax said $31-$39k, Koons car buying service was about $33k, and IIRC Edmund’s showed a wholesale value of about $35k.

Have prices dropped recently, or was the dealer offer last month just a really inflated teaser to get me to come in?

[M3SQRD]

The used BMW car prices are softening. The further away from the bubble we get, the faster the used car prices are going to drop. I am not surprised if your car lost $4-6k in one month. M cars might be a little lower. Actual value will come down to packages/options, exterior paint color (some are more sought after than others), interior color and type (also, some colors are more sought after than others, leather/non-leather is buyer dependent), sunroof vs slick top, MT vs DCT/AT, etc. all affect pricing. If you have a true unicorn then your value will decline the slowest.

[BMWCCA1]

Try Carvana. It's free and I've never seen them go back on an offer when it's time to pay up.