Thread: BMW CPO Value?
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Old 07-17-2007, 06:12 PM
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Join Date: Mar 2005
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Hey Mike,

Take KBB and Nada with a grain of salt. If you try to sell your car at private party value, KBB, it's probably going to sit for a long, long, long, long time.. Until you reduce the price.

If you try to trade in the vehicle, you are going to get $1500-$2000 south of trade in value.. So for all general purposes, you should consider the cars private value to be, somewhere around $500 or $1000 north of "TRADE IN VALUE".. Because that's where the price will probably need to be for you to move it.. Remember, there are many more cars for sale, then buyers.

-- So, with a CPO.. I would not use it to jack up the price at all. Rather, I would use it to support the price you are asking. It's a bonus for the buyer.. But don't excpet to see any cash value from it, other than making the sale easier.

B
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