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  #1  
Old 03-09-2014, 01:31 PM
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sarends is on a distinguished road
Trade in Value my 11 X5 towards 14 X5?

What do you think is reasonable? I have a 41k mile Alpine White 2011 X5 Xdrive 5.0 Sports Package with:

Adaptive Drive
Rear Seat Entertainment
Heads Up Display
Most options - it doesn't have active steering, ventilated seats or active cruise. No leather dash.

It is Alpine White and is in excellent condition (9/10) - new tires, no major dings.

What do you think I might expect trading against a new 2014 X5 that has MSRP around $70k?

Thanks
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  #2  
Old 03-09-2014, 02:41 PM
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They will give you less than $35k first to see if you bite. The vehicle I just purchased for under $40k is similar to yours, 42k miles, but add M-sport pack, third row seat, leather dash, vented seats... pretty much all options. Hope this helps.
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  #3  
Old 03-09-2014, 03:29 PM
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Trade in price doesn't matter. Only the difference to the new vehicle matters.

If they see you are concerned about trade in price, they will make it high, and keep the price of the new vehicle high.

If you start off negotiating the price of the new vehicle, you may do better there but will get less apparent trade in value.

They are only concerned about the delta, and will wait to see which price you are concerned about, if they are good.
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  #4  
Old 03-09-2014, 05:33 PM
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Run it through Edmunds.com for trade in and private sale values. Or take it to Carmax - their trade in price will be low, but it will give you some negotiating room. Agree with the previous poster as well, don't be fooled by a dealership's "high" trade in offer. They make up for it in other ways. If you're interested in making the most money possible sell privately. If you're interested in convenience and tax advantages negotiate the selling price of the car you're going to buy then negotiate the trade value separately.
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  #5  
Old 03-09-2014, 07:14 PM
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Just curious what your impetus is to cop a 2014/first MY of the refresh?
Your current X isn't near 50k miles yet, but the depreciation cost would no be fun,
at least to me.

I agree with posters above: unless you bump into a hungry dlr, it is all about the dollar diff of your car vs their car.
GL, mD
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  #6  
Old 04-07-2014, 11:28 PM
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Main reason is I have 42.5k on the clock and getting the BMW extended warranty (mandatory) will cost me $3.8k.

That being said, I will probably pay the $3.8k and keep driving the 5.0

Quote:
Originally Posted by motordavid View Post
Just curious what your impetus is to cop a 2014/first MY of the refresh?
Your current X isn't near 50k miles yet, but the depreciation cost would no be fun,
at least to me.

I agree with posters above: unless you bump into a hungry dlr, it is all about the dollar diff of your car vs their car.
GL, mD
__________________
2011 X5 Xdrive50i Sport Package AD
2013 Touareg TDI
2012 Ford F250 Super Duty Powerstroke
1997 BMW M3 Sedan
1995 BMW 540i 6 Speed

Retired:
2008 Acura MDX (good car - yawn)
2002 M5 (I will miss this car forever)
1999 M3 (fun car X2)
1992 325IS DINAN (fun car)
1987 325IS (fun car)
1986 325IS (fun car)
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  #7  
Old 04-08-2014, 06:24 PM
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I would stay where you are at in the 11 and get the warranty. The only reason to jump is if you have a ton of cash burning a hole in your pocket and nothing else better to do with it, imo.
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  #8  
Old 04-08-2014, 09:42 PM
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Quote:
Originally Posted by sarends View Post
Main reason is I have 42.5k on the clock and getting the BMW extended warranty (mandatory) will cost me $3.8k.
if you own the car from new and maintained it well i think you could roll the dice on it for a year out of warranty and if you have a good relationship with your dealer they could cut costs on parts and labor if something should occur. a warranty is a MUST if you are buying used and unknown product from abc in xyz. wait for at least second year model and revisit. demand may be down your depreciation may have stabilized by then but then again your car, your call.
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  #9  
Old 04-09-2014, 09:11 AM
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When it comes to high end cars, you're just not going to do well.

Most of the cars I've traded had under 20K at time warranty goes.
I trade just to keep a car in warranty. The dealer is going to win
regardless. If its the "I want a new model" just do it and don't look
back.
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  #10  
Old 04-09-2014, 07:19 PM
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nobody says you have to buy BMW's extended warranty either. Third party warranty (I have warranty direct) + trustworthy independent shop @ http://www.bimmershops.com.
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