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      03-11-2021, 10:20 AM   #1
golovko
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Picking up my G80 next week, what to do with my F80?

My G80 is expected to be delivered to the dealer early next week. Been in port for almost 2 weeks now. My lease on my F80 is ending in June so I have a few options instead of just turning it in.

I've taken it to one dealer and have an offer for $57,500. Payoff is $51,000. Reason why I'm interested in selling it vs turning it in is that it has only 7600 miles on it. Fully loaded, competition and 6MT transmission. I've never sold a car as a private seller before so selling it to a dealer seems like the lowest effort. Does that seem like a good approach?
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      03-11-2021, 10:50 AM   #2
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If you don't mind going through the hassle of private sale you will likely get a few thousand more. It also depends on how long it takes to sell. Weather is getting nicer so there might be more interested sellers compared to when I put my M4 up for sale in November. Actually sold it in December which surprised me. You can get a ballpark idea of how much extra you stand to make looking at the KBB prices, although plan to come down off that price some in negotiating.

I did the KBB dealer offer thing. Had a local dealer offer me 45k for mine. Ending up selling it private for 53k.
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      03-11-2021, 10:54 AM   #3
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I'm not familiar with leases and how that changes stuff, but I've consistently gotten way better offers from some of the online car sale places (shift, Carvana etc.). It's also incredibly easy, you give them details on the car, they give you an offer (worth shopping around as they often vary a little bit), and then if you accept some dude will show up and take your car away. Completely painless and almost always a way better offer than dealer, and way less hassle than a true private sale
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      03-11-2021, 11:04 AM   #4
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Quote:
Originally Posted by snareman View Post
If you don't mind going through the hassle of private sale you will likely get a few thousand more. It also depends on how long it takes to sell. Weather is getting nicer so there might be more interested sellers compared to when I put my M4 up for sale in November. Actually sold it in December which surprised me. You can get a ballpark idea of how much extra you stand to make looking at the KBB prices, although plan to come down off that price some in negotiating.

I did the KBB dealer offer thing. Had a local dealer offer me 45k for mine. Ending up selling it private for 53k.
I tried the similar thing through Trucar which is how I got the offer I have now. Went to the first dealer that contacted me and they looked at the car and handed me an offer good for 3 days. I told them I was still shopping it around but they were very interested and said they would match other offers. Looking at KBB now and it is about the same.

I tried Carvana first and it "stumped" their automatic appraisal system. A few weeks later I got a very low ball offer for around $51k after contacting their support to ask why I hadn't received anything yet.
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      03-11-2021, 11:12 AM   #5
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It comes down to a hassle vs money factor. Is your time and effort worth several thousand to you or would you just be happy getting rid of it with no hassle. You could put it up for sale and see how it goes and if it sells for a profit before the end of your lease period assuming you have a place to keep the second car.
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      03-11-2021, 11:17 AM   #6
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Quote:
Originally Posted by snareman View Post
It comes down to a hassle vs money factor. Is your time and effort worth several thousand to you or would you just be happy getting rid of it with no hassle. You could put it up for sale and see how it goes and if it sells for a profit before the end of your lease period assuming you have a place to keep the second car.
that's my thinking as well. Low effort and still get a decent deal is fine by me. Not trying to maximize how much I get for the car but the time for money value.

Seems like if I don't want to put in more effort, just going to a few dealers and taking the best offer seems to be the way to go.
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      03-11-2021, 05:34 PM   #7
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Quote:
Originally Posted by golovko View Post
My G80 is expected to be delivered to the dealer early next week. Been in port for almost 2 weeks now. My lease on my F80 is ending in June so I have a few options instead of just turning it in.

I've taken it to one dealer and have an offer for $57,500. Payoff is $51,000. Reason why I'm interested in selling it vs turning it in is that it has only 7600 miles on it. Fully loaded, competition and 6MT transmission. I've never sold a car as a private seller before so selling it to a dealer seems like the lowest effort. Does that seem like a good approach?
Sorry, just saw you already tried Carvana. My experience was very different and they gave me a significantly higher offer than anyone else.
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      03-11-2021, 09:54 PM   #8
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Try Carvana again, they went up for me 2nd go around (sent me an email saying that prices have gone up)
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      03-11-2021, 11:05 PM   #9
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Quote:
Originally Posted by Salespunk View Post
Sorry, just saw you already tried Carvana. My experience was very different and they gave me a significantly higher offer than anyone else.
I had a similar experience with VROOM and my purchased M2. They beat out Carvana and Shift.

VROOMs offer was pretty much what I would have gotten via private sale. I walked away with a free year in it plus the 50% I put down. It was like I leased the car for a couple hundred a month when all was said and done.
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      03-12-2021, 06:54 AM   #10
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I have sold to webuyanycar and ALGO, and always test the waters with Carvana and Vroom and even Carmax. Just depends on inventory, there is no rhyme or reason to who is higher at any moment from what I can tell. ALGO experience was great, webuyanycar even easier because there is an office 5 miles from me for face to face dealings.
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      03-12-2021, 01:53 PM   #11
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I haven't heard of Vroom before. Just tried it and got an email with an offer for $53,000. Definitely going with my first offer from a local dealership for $57,500.
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      03-13-2021, 09:00 PM   #12
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Quote:
Originally Posted by golovko View Post
My G80 is expected to be delivered to the dealer early next week. Been in port for almost 2 weeks now. My lease on my F80 is ending in June so I have a few options instead of just turning it in.

I've taken it to one dealer and have an offer for $57,500. Payoff is $51,000. Reason why I'm interested in selling it vs turning it in is that it has only 7600 miles on it. Fully loaded, competition and 6MT transmission. I've never sold a car as a private seller before so selling it to a dealer seems like the lowest effort. Does that seem like a good approach?
FYI. Make sure you are looking at your payoff correctly. If you are giving it to a dealer, your payoff will be less the taxes. What is advertised as the payoff on BMW Financial website includes taxes.
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      03-13-2021, 09:05 PM   #13
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Go for it!
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      03-14-2021, 04:03 PM   #14
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Originally Posted by diiirk View Post
FYI. Make sure you are looking at your payoff correctly. If you are giving it to a dealer, your payoff will be less the taxes. What is advertised as the payoff on BMW Financial website includes taxes.
Is that only true if I'm trading it in or also if I am selling it to a dealer but not as a trade?
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      03-14-2021, 09:04 PM   #15
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Quote:
Originally Posted by golovko View Post
I haven't heard of Vroom before. Just tried it and got an email with an offer for $53,000. Definitely going with my first offer from a local dealership for $57,500.
My dealer tried to steal my M2 and offered me 10k less than VROOM did.

Sounds like you should 100% take the dealer offer.
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      03-15-2021, 10:53 AM   #16
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im in the same boat. Im going to my dealer on wednesday to see about ordering an individual G80 and will see what the offer is for my F80. Its a 2018 Alpine white 6 speed comp with only 3600 miles. Last time I checked it would be the lowest mileage car up for sale. Will weigh what the offer to what i can get privately for the car.
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      03-15-2021, 02:49 PM   #17
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Quote:
Originally Posted by golovko View Post
My G80 is expected to be delivered to the dealer early next week. Been in port for almost 2 weeks now. My lease on my F80 is ending in June so I have a few options instead of just turning it in.

I've taken it to one dealer and have an offer for $57,500. Payoff is $51,000. Reason why I'm interested in selling it vs turning it in is that it has only 7600 miles on it. Fully loaded, competition and 6MT transmission. I've never sold a car as a private seller before so selling it to a dealer seems like the lowest effort. Does that seem like a good approach?

I totally forgot to factor in the Tax savings by trading the vehicle in when buying a new one. Im not sure if your state has that like NJ does. With taking that into account that might bridge the gap enough to make trading in the car easier than selling it privately
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      03-15-2021, 03:04 PM   #18
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Quote:
Originally Posted by golovko View Post
My G80 is expected to be delivered to the dealer early next week. Been in port for almost 2 weeks now. My lease on my F80 is ending in June so I have a few options instead of just turning it in.

I've taken it to one dealer and have an offer for $57,500. Payoff is $51,000. Reason why I'm interested in selling it vs turning it in is that it has only 7600 miles on it. Fully loaded, competition and 6MT transmission. I've never sold a car as a private seller before so selling it to a dealer seems like the lowest effort. Does that seem like a good approach?
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      03-15-2021, 10:58 PM   #19
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Low mileage original car with MT? Call Enthusiast Auto in Ohio. See what their offer is. Worth a call or email to see.
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      04-12-2021, 08:50 AM   #20
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Out of curiosity OP, did you end up going with the dealer offer? I got a good offer from Carvana on my F82 and went with them; checked VROOM based on this thread and theirs was just a hair under. Both were thousands more than the KBB Instant Offer a local BMW dealership gave me.

For a one-owner 6MT, Bring A Trailer could even be an option. Doesn't look like they've had similar in a year but they were getting around the same as your offer or a bit higher. If anything on my F82, the market/offers went up since I checked prices last year.
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      04-12-2021, 09:13 AM   #21
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I've sold a lease early to a dealership before (non bmw). It went extremely smooth. The dealership simply paid the financier directly, and cut me a check on the side.

I am assuming this is how Vroom and such operate? If you were to sell privately, would the buyer do the same? Obviously if you were to take ownership of the car and sell it, you would be out of pocket sales tax.
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      04-12-2021, 12:22 PM   #22
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Quote:
Originally Posted by jailonacs99 View Post
Out of curiosity OP, did you end up going with the dealer offer? I got a good offer from Carvana on my F82 and went with them; checked VROOM based on this thread and theirs was just a hair under. Both were thousands more than the KBB Instant Offer a local BMW dealership gave me.

For a one-owner 6MT, Bring A Trailer could even be an option. Doesn't look like they've had similar in a year but they were getting around the same as your offer or a bit higher. If anything on my F82, the market/offers went up since I checked prices last year.
I did end up selling it to a dealership. Carvana and VROOM ended up being significantly lower than the dealerships I went to through KBB or TruCar. The dealership I sold it to I ended up reaching out to first because they deal mostly in high end luxury vehicles (Rolls Royce, Bentley, etc) and their used car inventory looked like a good home for my M3. They offered me the most.

My overall experience with both TruCar and KBB Instant Cash was very poor. Out of all the dealerships that reached out to me, not a single one knew anything about TruCar or KBB when I showed up.
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