04-02-2014, 07:41 AM | #1 |
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Option value at trade in
I normally trade my cars in given the tax savings. Do you think dealers actually give you value say for full leather, upgraded sound etc at trade in or do they basically just spec out a base vehicle? The full leather upgrade is pretty costly on this.
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04-02-2014, 08:26 AM | #2 |
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I imagine it's factored into the value assigned by NADA or KBB but I also imagine it's maybe 10% of what you originally paid.
I was thinking about leasing a Cayman S and the dealer shared with me that after a certain price threshold they stop calculating residuals. For the Cayman, that threshold was $80k. So if you priced it more than that your effective residual would go down. Ex: You lease a Cayman S with options for $80k. After 3 years your residual is 64% (theoretically) so $52k. Let's say you option the car to $90k, you still only get $52k as your residual value after 3 years, so your effective residual % is only 58%. I have no idea if BMW does this as well but I imagine their is a penalty for highly optioned cars because the resale value doesn't factor in those options nearly as much |
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04-02-2014, 09:27 AM | #3 |
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Drives: e92 ///M3
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Most options not worth anything when it comes time to sell.
The biggers ones have historically been navigation and competition package. This time around really not sure.
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