Buy Back Offer

blktoptrvl · #1 11-20-2012, 01:02 PM

I just got an email from a dealer I used in the Seattle area, inviting me to come in today for a buy back.

They claim they need my X5 because inventories of used cars are low.

I imagine they just want me to come in so they can sell me a new X. I wouldn't be against the idea, but Seattle is now 3000 miles behind me.

Just out of curiosity, has anyone ever received such an offer and how did it work out for you?

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epdarks · #2 11-20-2012, 01:07 PM

Their goal is very simple: to get you in the door by any means possible.

My guess is their buy back offer is WAY below market value, showing that they have no real desire to buy back used BMWs unless they can steal them from you or work the deal into a new car purchase.

TerminatorX5 · #3 11-20-2012, 01:56 PM

i get those from honda, kia, toyota, you name it... it is business as usual, don't pay attention...

JCL · #4 11-20-2012, 03:34 PM

But if it is a competitive offer, take it. Easier than selling privately, if you are looking to sell it. If you aren't, ignore it.

I sold an X5 to my dealer (on a trade, when I had decided to sell it privately, and written up the deal for the new car some months earlier), and a Ford to a leasing company that had a waiting list for that model. The offers were based on knowing about the cars, and how I took care of them. The BMW X5 price was offered sight unseen, as the car wasn't at the dealership. I got as much as I would have listed it for privately, and saved an additional $4k on the taxes, so it was a no-brainer. Dealer contact that I know told me he had a waiting list for my model and year.

TerminatorX5 · #5 11-20-2012, 03:42 PM

dealers usually take a chance with those "waiting lists" - I walk up to a dealer, look at the cars on the lot, ready to walk out, dealer asks me, what i am looking for - i say, E90, black or white, no more than x miles... hence, i created a waiting list... i might buy it once he has it, or not... if i walk into several dealerships, with the same car in mind, all of a sudden i create a demand for my specific choice of a car, thus driving the price up... not good for me... lol...

on your selling side - you don't really care, if you get a good deal, take it... otherwise, enjoy the X, ignore the offers, just like the JCL said...

theblue · #6 11-20-2012, 04:02 PM

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

nebilex · #7 11-20-2012, 04:24 PM

I have heard of Buy Back offers on Toyota's and Honda's purchased new a year ago and I actually know a coworker that bout a brand new 4runner in 07 and in late 08 when he went in for service, they offered to buy back his and gave him a really good deal on the 09 model. If i remember, they gave him 1800 below what he paid for the 07 and i think it only cost him $1k +tax on the 09. And it was the same package so it's not like he downgraded or anything. But these things do exist and sometimes you get great deals on them sometimes, you are better off enjoying your car and not bothering with the dealer offer.. If they can make you an offer sight unseen, I say what not see what they have to offer you.

motordavid · #8 11-20-2012, 05:43 PM

I get them from Chebby dlrs for my 10 1/2 yr old Vette, lol!...get them regularly from the Hyundai dlr where we got my CEO's Tuck, (since about 3 months after we bought it there 2 1/2 yrs ago), and get them from the bs BMW stlr in Asheville, suggesting they want my 11+ yr old X, lmao!. Same pitch.

JCL may be accurate that that dlr is really looking, but obviously that dlr is a geographical undesirable, for you, blktoptravl.

Imo, 99.9% of those letters are come ons to get one in their door, sell you a new unit, and make some dough on your former/used car as used car prices are bullish.
GL, mD

JCL · #9 11-20-2012, 08:28 PM

Quote:

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.

davintosh · #10 11-20-2012, 10:02 PM

Quote:

Originally Posted by theblue

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

They'll pay it... on paper. Of course, they've already bumped the price of the car they're selling to compensate for the higher-than-wholesale price they're "paying" you for the trade. Oldest trick in the book.

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