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  #1  
Old 03-22-2011, 05:30 AM
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danna danna is offline
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Location: SC
 
Join Date: Apr 2006
Posts: 434
Mein Auto: 05 545i
Trade In - How do you value it?

Here's the deal: i'm about to take my car to Carmax, since I just bought a "new" one from an individual. My black car has a lot of fine scratches in the paint (my stupid dog) that I believe will come out with a good buffing. Detailer wants $200 and I have to wait until Thursday.

My husband thinks I should just leave the car dirty where the scratches aren't noticable and take it on over there.

I think the difference between "rough" and "clean" is about $2,500 on NADA ('05 545i) and it could really be worth the trouble. On the other hand, that gorgeous new car in my garage is calling me to hurry up and ditch the old one which may just throw another check engine light before Thrusday!

Opinions? Thanks.
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  #2  
Old 03-22-2011, 06:00 AM
ctorrey ctorrey is offline
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Location: Boston
 
Join Date: Mar 2007
Posts: 716
Mein Auto: 2014 BMW 335ix M-Sport
If spending $200 can increase the value by $2,500, I'd say that is one hell of an investment.
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  #3  
Old 03-22-2011, 07:19 AM
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adrian's bmw adrian's bmw is offline
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Location: BMW/MINI of South Atlanta
 
Join Date: Feb 2003
Posts: 6,718
Mein Auto: 2013 BMW AH 3 M Sport
Detail it. Makes a world of difference in appraisal. Perception is everything.
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Accepting pre-reservations up to five months from now for all European Deliveries.
Previous BMW's owned: 1987 325is, 2001 330xi, 2006 330Cic, 2008 535xi Wagon, 2009 328i, 2012 328i
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  #4  
Old 03-23-2011, 03:47 PM
TerraPhantm TerraPhantm is offline
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Location: State College, PA
 
Join Date: Nov 2004
Posts: 1,879
Mein Auto: 2005 M3 Coupe
FWIW, I got my car appraised by the same dealer on two separate occasions within a month. They apparently lost the original appraisal or something - anyway the first time was when the car was somewhat dirty, and the second time was after I spent some time detailing it myself. Appraisal price differed by $1500 ($9500 when dirty, $11k when clean)
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  #5  
Old 03-23-2011, 05:12 PM
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tturedraider tturedraider is offline
Freedom isn't free!!
Location: Chicago, north shore (via Tennessee & Texas)
 
Join Date: Nov 2005
Posts: 14,827
Mein Auto: '06 Sonora/Beige 330i :-)
Go to the the public library. Look at their copy of the NADA book; the actual book, not the online version. Add up what the book says Loan value is for your car. That is pretty close to what you can expect on trade-in. I know the book has a Wholesale/Trade-in value that is higher than the Loan value. It doesn't matter. The Loan value is the closest to the real world trade-in value. I hate to have to admit how long I've been doing this, but I've been doing it for more than 30 years.
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Last edited by tturedraider; 03-23-2011 at 07:54 PM.
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  #6  
Old 03-23-2011, 07:26 PM
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ahimanic ahimanic is offline
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Location: Southern California
 
Join Date: Nov 2007
Posts: 262
Mein Auto: X5
$2500-$200 = $2300 return for 2 day's wait. If you can make $1150 a day would you wait?
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  #7  
Old 03-23-2011, 10:42 PM
ard ard is online now
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Location: CA
 
Join Date: Jul 2009
Posts: 9,165
Mein Auto: '12 X5 35d/E39M5/996TTX50
Tell the worthless husband to do it.

No guarantee you will make 2500 more either.
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  #8  
Old 03-24-2011, 03:26 PM
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mclaren mclaren is offline
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Location: Central Florida
 
Join Date: Jan 2005
Posts: 3,066
Mein Auto: 2013 650i Coupe
Carmax is a good experience imo. I took a nice '09 328 vert in with about 25k miles and they offered 31k which I thought was reasonable. It had no options except auto and heated seats. It was quick and easy and while I didn't take the offer I knew what was fair when I traded it. This number was close to what Edmunds had for "clean trade".
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Last edited by mclaren; 03-24-2011 at 05:56 PM.
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