trade in value

tonytsai0429 · #1 04-15-2013, 10:44 AM

has anyone traded in their E53?

how much did they got?

i have a 2005, wondering how much they will give me for....

TerminatorX5 · #2 04-15-2013, 10:48 AM

check edmunds.com, kbb.com - there are some other sites that will give you an idea of how much unaltered, factory spec'd vehicle is worth, based on the recent sales in the given ZIP code...

that info will be more accurate - most of us on this website are too crazy about our rides and we might have a tendency of "over" valueing these cars... hahaha

Qsilver7 · #3 04-15-2013, 11:10 AM

Ditto TX5's reply above...and here's more websites (all nice a quickly accessed right at our fingertips

) set-up to give an approx fair market price when trying to determine the value of a vehicle that's being considered for sale or trade-in (private sale or car lot trade-in):

TIP: I usually use 3 or more sites then take the average of all their results especially if there's a big enough difference between what they come up with for the market in which the vehicle is being sold or traded.

tonytsai0429 · #4 04-15-2013, 11:18 AM

thanks guys...

but, like to find out if anyone had the chance for actual trade in experience...and if anyone tested the water and back away, those advice would help greatly!

thanks again!

Qsilver7 · #5 04-15-2013, 11:27 AM

Quote:

Originally Posted by tonytsai0429

thanks guys...

but, like to find out if anyone had the chance for actual trade in experience...and if anyone tested the water and back away, those advice would help greatly!

thanks again!

If you want a personal testimony versus websites that track this stuff nationally then breaks it down by zip code...then you may want to indicate which market you're in so that anyone on the forum in your same neck of the woods can chime in. Local prices can vary by thousands of dollars depending on if there's a lot of models to choose from or not...or how popular an X5 might be in the same & surrounding zip code.

jspdr · #6 04-15-2013, 09:35 PM

Quote:

Originally Posted by tonytsai0429

thanks guys...

but, like to find out if anyone had the chance for actual trade in experience...and if anyone tested the water and back away, those advice would help greatly!

thanks again!

Not sure what you're asking, but i'll give it a try.

1- If you want to get rid of it quickly, take it to Carmax, need to have clean
Autocheck report.

2- Not sure if you want to find out your trade in value or experience. Go test
the water yourself, because every trade in situation is unique.

3- Want to know the book value, as dealers call it, "back of book value" got to
have access to dealer auction, there the whole sellers and dealers they
can determine the value of your specific vehicle with respect to condition,
mileage, options, etc.

In theory, the trade in value is never more than the auction value.... the reason is if the dealer can't retail your trade in in a few months, it will ends up at the auction.

tonytsai0429 · #7 04-16-2013, 10:21 PM

Quote:

Originally Posted by jspdr

Not sure what you're asking, but i'll give it a try.

1- If you want to get rid of it quickly, take it to Carmax, need to have clean
Autocheck report.

2- Not sure if you want to find out your trade in value or experience. Go test
the water yourself, because every trade in situation is unique.

3- Want to know the book value, as dealers call it, "back of book value" got to
have access to dealer auction, there the whole sellers and dealers they
can determine the value of your specific vehicle with respect to condition,
mileage, options, etc.

In theory, the trade in value is never more than the auction value.... the reason is if the dealer can't retail your trade in in a few months, it will ends up at the auction.

you are spot on...!!

I did want to move forward, as matter of fact, I balance some estimation of overhauling the E53 approaching 100k miles. I think i better just go forward with it....

I just thought someone might be in the same boat as I'm on this forum, start a thread that might help people to conclude their decision as well.

wouldn't you say so?