15,000 to go from a 2002 to a 2003! |
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sdunne
Advanced Newbie Joined: 08-December-2005 Location: Offaly Status: Offline Points: 33 |
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Posted: 27-February-2007 at 13:54 |
Dont get
me wrong I am totally happy with my current car but I would have been tempted to
go up to a 2003 if the price was right but for 15,000 I could buy the other
half a cracking little car. He was
offering 17,000 is this a fair price? Do you think he was getting me back for
not buying the car from him initially? |
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Kin Mak
Bavarian-Board Contributor Joined: 09-April-2005 Location: Dublin, Ireland Status: Offline Points: 1691 |
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That is BMW main dealers for you. How else do you think they pay for their fancy showrooms?
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m3sport
Senior Member II Joined: 27-February-2007 Location: Cork Status: Offline Points: 194 |
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Thats not unusual atall mate. They really do hike the price up. Whats even worse, is he was prob giving you less for your car than he said, as his sell price on the 03 was actualy less then it was priced at, and cuz you have a trade in, he will nock very little off the new car. Been there done that and never again! They are robbers!!!!! |
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I miss my m3.......
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Peter Fenwick
Bavarian-Board Contributor Joined: 27-August-2003 Location: Lost somewhere in time... Status: Offline Points: 6484 |
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Yes but the car did have half as many miles on the clock. Milage is a big factor when valueing a car and 50,000 extra miles does make a huge difference to the price. Also the depreication of a car over the course of a year is quite a lot, especially when your talking about 4 and 5 year old cars. Although it sounds alot, TBH I think it's to be expected.
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Entering an age of Austerity and now driving a Focus Diesel.
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Dergside
Really Senior Member II Joined: 16-May-2004 Location: Mid West, Ireland Status: Offline Points: 4000 |
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That is mad money! To Peter's point regarding mileage, a adjustment figure of 100euro per ,000 miles is about right for one of these, giving a price difference between the cars of about 5k based on mileage. An adjustment in market value to come up a year would be in the order of 3.5-4k making the price to change in the order of 8.5-9k euro. Add another grand or two because its a main dealer and to give a margin on the old car and its still overpriced by 4-5k euro. |
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Now: BMW 523i SE '00, 318i SE - e91 '07, 325i Coupe '93.
Prev: e46 328i SE Touring, 330Ci, 318Ci. e39 523i SE. e36 325i Coupe *2, 323i SE, 316iSE. e30 325iSE 2dr, 320i Conv, 320i 2dr, 316i. |
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flyingalexf68
Really Senior Member II Joined: 01-April-2006 Location: 53°1959,6°1456 Status: Offline Points: 2581 |
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Friend of mine bought a '02 530d last year from a dealer for 32,000 Euro.
He wanted to go up to a '05 530d from the same dealer and was offered 17,000 for his car. Only done a few thousand miles in it. He didn't buy it. |
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1995 e36 3.0 M3 Coupe, Daytona Violet, AP Racing BBK, CCFL Angel Eyes, M3 Spoiler, M-Tec 3 Steering Wheel.
2000 530d Steptronic, Poverty Spec, 18" Alloys. |
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mick o c
Senior Member II Joined: 08-October-2006 Location: kildare Status: Offline Points: 151 |
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i had the same problem with a bmw dealer on the naas road i was looking to trade in an audi a4 against a 01 525 he only offered me 11 grand for my car i ended up selling it privately for 17 grand i think big garages are a rip off when it comes to trading in cars mick |
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mick
2001 530d steptronic |
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ivanovoitch
Really Senior Member II Where did all the white water come from? Joined: 18-January-2006 Location: dublin Status: Offline Points: 559 |
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IMHO you always sell privately then go looking for a replacement cash in hand. This is also the worst time of year to shop for a car in a dealership. Their coffers are overflowing at the moment with all the new car sales...they can afford to be arrogant and let you walk away without buying.
Come July the shoe is on the other foot. Buyers are thin on the ground and car sales people start to feel the pinch in the comission department. It also has to be said that private sellers are struggling to get rid of their used cars so a trip to carzone once you have yours sold is likely to turn up some bargains. |
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