trade-in

fizzerd · 01-07-2013, 02:42 PM

Can someone advise me on how to do a trade-in transaction with a bmw dealer?

If i owe $18k on the car to BMW FS, what kind of a trade-in value should I be aiming for?

bobblehead · 01-07-2013, 02:52 PM

Trade in value is independent to what you owe.

Your focus is to get the highest trade in value possible from various dealers.

The amount you owed will be added to balance due on delivery on the new vehicle.

marcvtec · 01-07-2013, 02:53 PM

The value is determined by the age, KM and car condition.

As a good reference point look up your car in the black book for its value, and or search for comparable cars on autotrader.ca. then take about 20% off that number for the dealer to make a markup later

bobblehead · 01-07-2013, 03:40 PM

btw, $18K owing + a possible new car buy of $40K+ or even higher - trade in ... have you done your budget as to see what payment you will be looking at ?

01-07-2013, 02:42 PM	#1
fizzerd Captain 37 Rep 714 Posts Drives: 328i Join Date: May 2007 Location: Canada iTrader: (11)	trade-in Can someone advise me on how to do a trade-in transaction with a bmw dealer? If i owe $18k on the car to BMW FS, what kind of a trade-in value should I be aiming for?
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01-07-2013, 02:52 PM	#2
bobblehead Brigadier General 256 Rep 4,721 Posts Drives: warp speed Join Date: Aug 2009 Location: Toronto, On iTrader: (0)	Trade in value is independent to what you owe. Your focus is to get the highest trade in value possible from various dealers. The amount you owed will be added to balance due on delivery on the new vehicle.
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01-07-2013, 02:53 PM	#3
marcvtec Banned 408 Rep 2,704 Posts Drives: M5 Join Date: Oct 2006 Location: toronto iTrader: (0)	The value is determined by the age, KM and car condition. As a good reference point look up your car in the black book for its value, and or search for comparable cars on autotrader.ca. then take about 20% off that number for the dealer to make a markup later
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01-07-2013, 03:40 PM	#4
bobblehead Brigadier General 256 Rep 4,721 Posts Drives: warp speed Join Date: Aug 2009 Location: Toronto, On iTrader: (0)	btw, $18K owing + a possible new car buy of $40K+ or even higher - trade in ... have you done your budget as to see what payment you will be looking at ?
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