03-11-2021, 10:20 AM | #1 |
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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 |
Leave the gun. Take the Canoli.
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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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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 |
Leave the gun. Take the Canoli.
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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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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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03-11-2021, 11:05 PM | #9 | |
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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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03-14-2021, 04:03 PM | #14 |
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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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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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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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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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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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