Brutal trade-in...

[PatatasFritas]

Had my 2013 loaded comp package E92 evaluated for trade-in this morning. 15k miles and a history of bumper repaint (trash can scratched it). Trade-in: 55k....
I guess the new cars coming out are killing resale...

[Amirsm3]

Was that their first offer? I feel like you could get more with a little haggling.

[PatatasFritas]

They had no interest in budging. I walked out...

[quicktwinturbo]

That's how they stay in business... Try it to sell it byurself

[PatatasFritas]

I think I had unrealistic expectations going in. I was hoping low 60s...

[sgrinavi]

Was it a BMW dealer? What were you trading it in on?

[M3 Esq]

It looks like KBB for a fully loaded 2013 with DTC is around 58-59k so yea that's low.

[hobart]

Kinda know the feeling. Have a 2013 335is, 10k miles,pretty much loaded. No issue with car at all and have a Dinan Stage 2. I know it is not a M3 but expected to get more than $38k on trade in on a new M3. NADA, KBB and BB all say about $43k for trade in. Interesting to hear them say they don't go by those companies for trade ins...only when they choose to.

[M3 Esq]

Originally Posted by hobart

Kinda know the feeling. Have a 2013 335is, 10k miles,pretty much loaded. No issue with car at all and have a Dinan Stage 2. I know it is not a M3 but expected to get more than $38k on trade in on a new M3. NADA, KBB and BB all say about $43k for trade in. Interesting to hear them say they don't go by those companies for trade ins...only when they choose to.

Bingo!

[M3 n X5M]

KBB is a good way to make yourself feel good about the equity in your car. However, it is not generally connected to reality in trade in, unless it is an econ car, in which case the trade is already less than 10 k. Dealers have a really hard time surrendering more than 50 k for any car. It just becomes a liability for them.

The NADA guides are probably the most realistic and sometimes they fall on the high side.

A NADA estimate does not take all your options into account because in reality options are luxuries and their value does not carry over with proportional depreciation as the base price might over the years.

I ran the NADA guides for a 2013 E92 with 15k miles and navigation (other options are not there...) and the value is 57k for a very clean trade.

It is a valuable lesson to get used to the fact that your options, mods, upgrades, wheels, new tires etc do not increase the monetary value of the car for a sale. Rather they may stimulate a trade or purchase in an interested party.

In 2012 I had a 2011 e92 loaded (MSRP 72k or so) with 13k miles and was offered 51k for a trade. So, the 55k trade you were offered sounds actually very good.

[Sedan_Clan]

Originally Posted by M3 n X5M

KBB is a good way to make yourself feel good about the equity in your car. However, it is not generally connected to reality in trade in, unless it is an econ car, in which case the trade is already less than 10 k. Dealers have a really hard time surrendering more than 50 k for any car. It just becomes a liability for them.

The NADA guides are probably the most realistic and sometimes they fall on the high side.

A NADA estimate does not take all your options into account because in reality options are luxuries and their value does not carry over with proportional depreciation as the base price might over the years.

I ran the NADA guides for a 2013 E92 with 15k miles and navigation (other options are not there...) and the value is 57k for a very clean trade.

It is a valuable lesson to get used to the fact that your options, mods, upgrades, wheels, new tires etc do not increase the monetary value of the car for a sale. Rather they may stimulate a trade or purchase in an interested party.

In 2012 I had a 2011 e92 loaded (MSRP 72k or so) with 13k miles and was offered 51k for a trade. So, the 55k trade you were offered sounds actually very good.

I agree that the 55k trade was a good offer. The $60k expectation was unrealistic for sure.

[M3 n X5M]

The trade you were offered has nothing to do with any new cars coming out.

[valeram]

Originally Posted by PatatasFritas

I think I had unrealistic expectations going in. I was hoping low 60s...

Low 60's is really high. I got mine with 2013 ED at low 60's. Of course that includes all incentives and coupons. Plus ED pricing. So the wholesale price is around mid to high 50's. I think 55 is the average considering you already got 15K miles in it.

[sgrinavi]

Originally Posted by M3 Esq

It looks like KBB for a fully loaded 2013 with DTC is around 58-59k so yea that's low.

I've never had a KBB trade-in value that wasn't a good deal higher than an actual offer. The offers are usually based on current wholesale auction prices with some adjustments based on condition, options, mileage, etc.

IMO 55 isn't horrible if KBB is at 58

[hobart]

Originally Posted by M3 n X5M

KBB is a good way to make yourself feel good about the equity in your car. However, it is not generally connected to reality in trade in, unless it is an econ car, in which case the trade is already less than 10 k. Dealers have a really hard time surrendering more than 50 k for any car. It just becomes a liability for them.

The NADA guides are probably the most realistic and sometimes they fall on the high side.

A NADA estimate does not take all your options into account because in reality options are luxuries and their value does not carry over with proportional depreciation as the base price might over the years.

I ran the NADA guides for a 2013 E92 with 15k miles and navigation (other options are not there...) and the value is 57k for a very clean trade.

It is a valuable lesson to get used to the fact that your options, mods, upgrades, wheels, new tires etc do not increase the monetary value of the car for a sale. Rather they may stimulate a trade or purchase in an interested party.

In 2012 I had a 2011 e92 loaded (MSRP 72k or so) with 13k miles and was offered 51k for a trade. So, the 55k trade you were offered sounds actually very good.

Point taken.

I believe that most people realize this BUT when you are in there they sing the opposite tune saying that it will increase the value upon sale or trade-in when purchasing, especially same brand. That goes for any car any dealership.

[modkrazy]

I would wait if you're going to trade in. Car just came out, and even though apparently launch cars are just sitting at lots, they are gouging E9X M3 trade-ins, and then put them up for sale again at 15K markups (which usually end up swiftly selling). The private market is better right now.

[F1Venom]

Sell it private party, you'll get way better deals. I know with some of the mods on this car, only a private sale will be worth it if I go that route. I have a fully loaded 2011 E90 ZCP with $10k worth of mods with only 15k miles. I was curious and a dealer offered me $42k for it back when it had just 12k miles. I laughed. I bet they would've sold it for $56k.

[Rambler]

I wouldn't be too upset myself if offered $55k since my '13 was a Sept. 2012 build so almost 2 years old now. But I would be more disappointed with that offer if I had a later build.

[STooK]

I'm surprised they offered that high. 13s are selling for 59-62k so I doubt any dealer will go higher than 55..most will probably go lower.

It sucks but the first 2-3 years is when the car takes the most hit..unless you really needed to trade it in I'd just keep it.

[gatorfast]

Seems like a pretty reasonable if not good offer to me

Obviously a new car like a 2013 model will take a larger hit initially.

[Nola 32/65]

The car has avg miles on it and has a part that's been reprinted, I think $55 is a pretty good offer.

[Ludey]

Originally Posted by M3 n X5M

KBB is a good way to make yourself feel good about the equity in your car. However, it is not generally connected to reality in trade in, unless it is an econ car, in which case the trade is already less than 10 k. Dealers have a really hard time surrendering more than 50 k for any car. It just becomes a liability for them.

I find the exact opposite to be true if you are honest about the condition and the fact that it is a "trade in" and not private party. For example, I purcahsed my 2013 about a month ago for 62 from a dealer. The guy that traded it in, is on this forum and got 58k for it. KBB states 58.8k as the value in Very Good condition and 59.9k in Excellent. It's excellent condition, but I still consider this within a reasonable range, percentage-wise.

I've bought and sold many cars over the years and have found KBB to be very accurate. Again, not perfect, but you'll get different offers depending on where you go anyway, and this is not an exact science and is constantly changing.

Originally Posted by M3 n X5M

I ran the NADA guides for a 2013 E92 with 15k miles and navigation (other options are not there...) and the value is 57k for a very clean trade.

It is a valuable lesson to get used to the fact that your options, mods, upgrades, wheels, new tires etc do not increase the monetary value of the car for a sale. Rather they may stimulate a trade or purchase in an interested party.

Disagree on options - especially on luxury cars like M3s. Options makes the price of the car vary significantly. Do a few samples on KBB and compare to retail prices and it's apparent that options carry through and make a significant difference.

Anything done aftermarket, I would argue can actually decrease the value of the car in some cases. Dealers certainly don't like them because there is cost associated to removal and the fact that someone who does performance mods, is generally perceived as someone who races or beats-on their vehicle

Originally Posted by M3 n X5M

In 2012 I had a 2011 e92 loaded (MSRP 72k or so) with 13k miles and was offered 51k for a trade. So, the 55k trade you were offered sounds actually very good.

55 is low on the trade for a fully loaded M3 in a "common" color - I would shoot for 57 if you have to go the trade route.

If possible though, I would sell it privately. It's a bigger time commitment, but after just spending months in the market for a 2013 with a desirable color / option configuration, I can say that a "showroom condition" vehicle is bringing 62 and higher from a dealer. So, you might shoot for 60k. You might get higher if you find the right, motivated, buyer. This would net you 3k+ or 5k+ over your current offer. If you feel it is worth your time, this is the best option for you right now.