[jhall1957]

More then one way to screw a customer…yep! So I’ve bought at least 15 BMW’s from the local BMW dealer and then my friend the GM moved and I couldn’t get any deals done so I moved with him 30 miles away and was back on track. Now he’s out of dealer side and the local guys say they want my business back, so I’m taking their HEA at MSRP and had hoped to trade in a 2020 Mini in the deal. Well, today they offered me $5,000 less then KBB trade in for my Mini. So, they will make a good pop(MSRP use to be more then enough)on me on M2 and then another $10k on Mini. Hmmmmm…

[02M3ForMe]

Many dealers match CarMax. Do you have a quote from them?

[jhall1957]

Originally Posted by 02M3ForMe

Many dealers match CarMax. Do you have a quote from them?

Not yet but I will be getting one.

[JustinHEMI]

Ugg. I hope you work it out.

[jhall1957]

Originally Posted by JustinHEMI

Ugg. I hope you work it out.

They just came back $1,000 better but still too far away. The funny thing is I have been planning to pay cash and then this week sold a extra RV I have for $100k. But this experience leaves a bad taste in my mouth.
And a big plus is I have several other great M cars already. Think it’s time to make a statement but they won’t care.

[Carefree]

Originally Posted by jhall1957

They just came back $1,000 better but still too far away. The funny thing is I have been planning to pay cash and then this week sold a extra RV I have for $100k. But this experience leaves a bad taste in my mouth.
And a big plus is I have several other great M cars already. Think it’s time to make a statement but they won’t care.

Always buy on your terms.

[M2PDX]

Trading in a car seldom nets you the market value. That's because dealers want to buy low and sell high. It's capitalism at work.

The good thing is that your car should sell quickly on the private market.

[jhall1957]

Given all the BS BMW and dealership are serving, have any of you considered a new Supra or something else?

[M_Power Rob]

Originally Posted by jhall1957

Given all the BS BMW and dealership are serving, have any of you considered a new Supra or something else?

Go try and find and price a Supra. Oh, and hope you dont want any space or comfort.

[M_Power Rob]

Originally Posted by 02M3ForMe

Many dealers match CarMax. Do you have a quote from them?

Depending on where you are located, there are other places besides CarMax that pay cash for cars and usually better/more than dealerships. Only thing to keep in mind is the price comes off the top so sales tax is lower.

[sl0m0]

Originally Posted by jhall1957

Given all the BS BMW and dealership are serving, have any of you considered a new Supra or something else?

If the supra had a back seat I might have considered it.

[LVI]

Do you not have sales tax credit in your State? That could make a sizeable different and the $4K below what you think your trade is worth may not be far off.

Some states don't allow for sales tax credits. I would shop the car to other dealers and see what they offer regardless, just something to consider.

[Rx-7ames]

Dealerships are trying to be very conservative right now. Most lots just lost a ton on depreciating cars. We are still upside down right now dozens of cars.

KBB is also way off on some cars right now. They don't take into consideration the saturation of specific cars on the market. Your Mini might be worth more than $5k, but if the dealer looks out and sees a 60 day supply in the market then they just won't be interested in buying it. So much more goes into pricing a used car than what KBB says.

When this happens with my clients and I have given them the best offer I have, I suggest posting the car on market place for their asking price. You will find out right away if your car is worth more. You might find that holding on to a depreciating asset just to try and get more is a bad idea. Or you will sell the car for more and the dealer was just wrong. Nothing wrong with that scenario.

[LTJohn]

Originally Posted by sl0m0

If the supra had a back seat I might have considered it.

The "games" at toyota dealerships are even worse.

Trust me. I tried to get a supra for some time now. Most of the dealerships are in tatters with no staff, none will put you on a wait-list, they just expect you to call every week. Another keeps trying to sell me an automatic car that is just sitting around, and another told me I was 20 miles away so they would not even sell a car to me, despite the fact that I bought my last toyota from them, and service it there every year. Haha!
After dealing with those 3 shops, I just gave up on toyota. I think you need to be an online "Influencer" to get one, which they always seem to do, and at MSRP.

[zero21]

Originally Posted by LTJohn

The "games" at toyota dealerships are even worse.

Trust me. I tried to get a supra for some time now. Most of the dealerships are in tatters with no staff, none will put you on a wait-list, they just expect you to call every week. Another keeps trying to sell me an automatic car that is just sitting around, and another told me I was 20 miles away so they would not even sell a car to me, despite the fact that I bought my last toyota from them, and service it there every year. Haha!
After dealing with those 3 shops, I just gave up on toyota. I think you need to be an online "Influencer" to get one, which they always seem to do, and at MSRP.

I can echo this. I was looking at Supras, GR86s, GR Corollas just to get a feel for the cars and brand. Dude goes: "Yeah good luck, you'll never see one parked here and there's a six month wait. We need 5k down commitment and 10k ADM."

His attitude was the worst, and it's TOYOTA. Bro, BMW built your halo car...eff off.

[curtdragon]

If carmax and carvana are close then you're getting a good deal.

Face it, it's a mini. I work at Carmax and we have a couple of mini and they just sit on the lot.

Market is coming down for trades because the stuff on lots are higher priced and everyone is holding onto their money.

[RockCrusher]

Originally Posted by jhall1957

More then one way to screw a customer…yep! So I’ve bought at least 15 BMW’s from the local BMW dealer and then my friend the GM moved and I couldn’t get any deals done so I moved with him 30 miles away and was back on track. Now he’s out of dealer side and the local guys say they want my business back, so I’m taking their HEA at MSRP and had hoped to trade in a 2020 Mini in the deal. Well, today they offered me $5,000 less then KBB trade in for my Mini. So, they will make a good pop(MSRP use to be more then enough)on me on M2 and then another $10k on Mini. Hmmmmm…

In starting the buying process on M2s (at dealers around me to see which dealer might be the dealer to get or not get my business) and have gotten a quote or two for my 2022 BMW 230i which I bought new last May. The car has 6660 miles. Is in *excellent* condition. Garaged and only really used for pleasure. I'm retired so no work commute. Around 1800 miles put on the car last fall when I drove it to Colorado Springs, CO and back again.

Anyhow KBB came up with an instant cash value of $36,064. That's $9000 less than I paid for the car just 10 months ago.

Sure I know the used car market (and new car market for that matter) is cooling. Still don't have to like it...