Maybe selling X5?????

[4.6is Ryder]

I checked on those a few days ago...late spring early summer spec dates.....maybe that was a 45, the guy I talked with didn't really seem to know a lot. My sister in interested in an Infiniti...I told her that I would check around to see what I could dig up.

[Scotty]

Well you're gonna take a huge hit selling it. On the face of it; its $$$ crazy to sell, you will take a huge hit for depreciation.

I'd guessestimate min. of 15% less from your purchase price and suspect you will have a kinda small market for it. So say mark down $7k to $10k.

[B-Line]

Be prepared to hear this term a lot...

"UPSIDE DOWN"

It is a common term used in the automotive industry to describe a person who "owes more to the finance company than the car is worth."

- So lets say you owe $57K, but the trade in/private party value is no more than $52K. You will have no choice, if you want to get rid of the car, but to pay the finance company the difference. I would even go as far as state that you will NEVER be able to find a buyer who will pay what you owe. And, if the opposite is true, you put a lot of $$$ down when you bought the car, you can call that a write off. You will not recoup it.

So the question is, how badly do you really want to get rid of your X ??
Is it worth $5K - $10K just to get into another car.
When I had my FX45, it was worth it for me to take that loss. I hated the Infiniti and was dancing cartwheels when I got back into the X.

This is the main reason I lease cars now. I never want to be upside down again, you are at the hands of the buyer and can't ever get a good deal. Yes, I do have to make a commitment to the terms of the lease, but at least when it's done, I can hand in the car and walk away.

If people finance for five years, in three years they want to sell, guess what? Their screwed. Gonna take a big loss not including the finance charges..

Keep your X... It is an amazing car, you have the 4.4 which is sweeeeeet..
It is brand new and still one of the best vehicles on the road in my opinion.

B

[B-Line]

Oh yeah,

And don't be surprised when you find car salesman that say, "they can work it out !!"
What they mean is, they tack that $5K - $10K onto the purchase price of your new vehicle. So now instead of purchasing a $60K car, you are purchasing the same car at the price of $70K (with the addition of the $10K you owe on the X) and you are double financing.

They will try to find ways of making the numbers fit, for example, they will tell you, you have a 3 year finance deal. They can keep your payments at the same price and put you into the new car, but you have to sign a 6 year deal. And, every year a dealer can tack onto a sales agreement benefits them, it is an extra point or two they get every year on the interest payments. They would love to see you go from a 3 year, to a 5 year at the same payment with the $10K add on.

Make sense??

Keep your car
B

[broknlgs24]

Originally Posted by chipx5

What should I expect to get for my 2005 X5 4.4i w/ premium and sport package, 19" wheels, and nav? (retail)

Anybody interested?

any chance that you would be willing to swap out the radio module?
i have an early '03 w/ the older non-Sirius software.
let me know. thanks!