Buy Back Offer

[JCL]

Originally Posted by theblue

no dealer pays private party money for a trade in... there is always a catch.

Not necessarily a catch, but in my case there was a business reason.

There are no BMW extended warranties offered in my country. Nada. You takes your chances. You can buy a 3rd party warranty, but not a BMW one.

But the dealers do offer CPO. I had a vehicle within the CPO eligibility range. So the dealer could get a lot more for it than private party sales prices (lots of people want a BMW extended warranty).

I called the dealer to arrange pickup of my 535. He asked if I had sold my X5 yet. When I said no, he asked if I would consider an offer from their dealership. Nothing to lose.

I would have asked $30k for my 3.0. I knew the transaction prices. I would have accepted $28,500 to $29,000. Dealer paid me $30k (his first offer, I didn't negotiate him higher) And sold it for a lot more than $30k. I also got the $4k tax benefit, by tying it to my recent purchase that I hadn't taken delivery of yet (12% plus luxury tax, on $30k). So I was $5k ahead. Win win.