Sale question for you guys in the know (If anyone is in the auto sales biz)

fllpunk · 03-24-2006, 06:20 PM

Too new to get accurate info for me, but Im thinking about pulling out of my lease early to go into a 330. It looks like the Nego price of the 330 is right above invoice, HOWEVER, it looks like im $5k of negative equity according to the dealer. I can't confirm this because the car is too new to show up at edmunds or kbb. SO here;s the data if anyone can help validate:

Car
06 325I - Red - Sport Package - Xenon Lights - Floormats Exhaust Tips
4600 miles, 12k/year Allowed
Payoff according to BMWFin: $33000

They tell me they give me $28000 for it which I know will be bad at the dealer but I dont wanna sell on my own either. Anyone know or can tell me how far off the wholesale really is?
I can bump to a 330 for basically $269/mo * 36mo @ 15K/year more with their numbers.

The question is bottom line: who knows the wholesale/trade in for this car it being so new. (edited to clarify for infinite wisdom shown below)

ward · 03-24-2006, 06:27 PM

yes, when you have negative equity in the car it's a great maneuver to get a more expensive car so you can then have MORE negative equity

keep that up and you'll be broke for life

ward · 03-24-2006, 06:42 PM

keep acting like that and they'll never let you out of frenso,

chill man

it's your money to do with as you wish, for all I care you can sell your car and buy lottery tickets

ward · 03-24-2006, 06:42 PM

other guy thinking the same as you

http://www.e90post.com/forums/showthread.php?t=15883

fllpunk · 03-24-2006, 06:45 PM

well ward, you just came off blazing with great knowledge. I guess I took it as sarcasm.

And since it seems that you're in the biz of knowing everything(except for what I really need to know) , I don;t live in Fresno anymore either.

So, once again, there's a question posted, it wasn't for you to care or not (although both your responses would lead one to think that you do), just answer if you know or not.

Love,
J
PS. Excuse the heavy dose of heavy sarcasm for the casual readers, but the thread got started wrong and kept going wrong. (looking around)

magamaga · 03-24-2006, 07:15 PM

Are you sure you don't wanna sell it on your own? I've seen cars like yours on ebay and they definitely are being sold for over 33k. If I were you, I'd sell the car myself.
For example, my wife had a 1996 Honda Accord. Auto Nation told me they would give me $2,150 for it. I turned around and left, put a sign on it on a busy street and stayed in the car. I sold it in 2 hours for $4000. KBB.com was saying the car was worth $4250.

Besides, I think you have a nice beautiful car that someone is going to want to buy.

Quote:

Originally Posted by fllpunk

Too new to get accurate info for me, but Im thinking about pulling out of my lease early to go into a 330. It looks like the Nego price of the 330 is right above invoice, HOWEVER, it looks like im $5k of negative equity according to the dealer. I can't confirm this because the car is too new to show up at edmunds or kbb. SO here;s the data if anyone can help validate:

Car
06 325I - Red - Sport Package - Xenon Lights - Floormats Exhaust Tips
4600 miles, 12k/year Allowed
Payoff according to BMWFin: $33000

They tell me they give me $28000 for it which I know will be bad at the dealer but I dont wanna sell on my own either. Anyone know or can tell me how far off the wholesale really is?
I can bump to a 330 for basically $269/mo * 36mo @ 15K/year more with their numbers.

The question is bottom line: who knows the wholesale/trade in for this car it being so new. (edited to clarify for infinite wisdom shown below)

fllpunk · 03-24-2006, 08:21 PM

maga, ty for the suggestion i had not touyght of ebay. the catch is the 6 weeks while i wait for my car... thats why i didnt wanna hassle owner-selling we'll see i got some leads, ty

ward · 03-24-2006, 08:30 PM

dealer won't be able to give an exact delivery date either, so it would be tough to sell privately (unless you have access to another car) as you'd more than likely either find a buyer earlier than your car would arrive and have no car or end up not selling it early enough and have 2 car payments

maga's right though, you'll get more $$$ that way

roburado · 03-24-2006, 08:40 PM

Why not go to LeaseTrader? I don't know much about it, but, maybe, it's something you could check out.

fllpunk · 03-24-2006, 08:48 PM

ye just checked it out. i looked for whats out to lease and theres not much choice. 40 to post. not sure the site gets alot of traffic. also looking at the ebay. if i can get the neg to $2.5 neg equity ill just do it to save aggravation

JB 330ci · 03-24-2006, 10:32 PM

Try leasetrader and swapalease...I fonud my first car on leasetrader which unfortunally was totalled 1 month later in an accident.

Here are the links I know leasetrader receives a lot of traffic.

http://www.leasetrader.com/

http://www.swapalease.com/

KevinC · 03-25-2006, 12:23 AM

Quote:

Originally Posted by ward

keep acting like that and they'll never let you out of frenso

fllpunk · 03-25-2006, 01:54 AM

HAHA kevinc, so 2003. But good one.

03-24-2006, 06:20 PM	#1
fllpunk Private 12 Rep 91 Posts Drives: 2014 i3 REX Join Date: Dec 2005 Location: Gainesville, FL iTrader: (1)	Sale question for you guys in the know (If anyone is in the auto sales biz) Too new to get accurate info for me, but Im thinking about pulling out of my lease early to go into a 330. It looks like the Nego price of the 330 is right above invoice, HOWEVER, it looks like im $5k of negative equity according to the dealer. I can't confirm this because the car is too new to show up at edmunds or kbb. SO here;s the data if anyone can help validate: Car 06 325I - Red - Sport Package - Xenon Lights - Floormats Exhaust Tips 4600 miles, 12k/year Allowed Payoff according to BMWFin: $33000 They tell me they give me $28000 for it which I know will be bad at the dealer but I dont wanna sell on my own either. Anyone know or can tell me how far off the wholesale really is? I can bump to a 330 for basically $269/mo * 36mo @ 15K/year more with their numbers. The question is bottom line: who knows the wholesale/trade in for this car it being so new. (edited to clarify for infinite wisdom shown below) Last edited by fllpunk; 03-24-2006 at 06:50 PM..
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03-24-2006, 06:27 PM	#2
ward Major General 155 Rep 6,158 Posts Drives: F Join Date: May 2005 Location: T iTrader: (0)	yes, when you have negative equity in the car it's a great maneuver to get a more expensive car so you can then have MORE negative equity keep that up and you'll be broke for life
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03-24-2006, 06:42 PM	#3
ward Major General 155 Rep 6,158 Posts Drives: F Join Date: May 2005 Location: T iTrader: (0)	keep acting like that and they'll never let you out of frenso, chill man it's your money to do with as you wish, for all I care you can sell your car and buy lottery tickets
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03-24-2006, 06:42 PM	#4
ward Major General 155 Rep 6,158 Posts Drives: F Join Date: May 2005 Location: T iTrader: (0)	other guy thinking the same as you http://www.e90post.com/forums/showthread.php?t=15883
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03-24-2006, 06:45 PM	#5
fllpunk Private 12 Rep 91 Posts Drives: 2014 i3 REX Join Date: Dec 2005 Location: Gainesville, FL iTrader: (1)	well ward, you just came off blazing with great knowledge. I guess I took it as sarcasm. And since it seems that you're in the biz of knowing everything(except for what I really need to know) , I don;t live in Fresno anymore either. So, once again, there's a question posted, it wasn't for you to care or not (although both your responses would lead one to think that you do), just answer if you know or not. Love, J PS. Excuse the heavy dose of heavy sarcasm for the casual readers, but the thread got started wrong and kept going wrong. (looking around)
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03-24-2006, 08:21 PM	#7
fllpunk Private 12 Rep 91 Posts Drives: 2014 i3 REX Join Date: Dec 2005 Location: Gainesville, FL iTrader: (1)	maga, ty for the suggestion i had not touyght of ebay. the catch is the 6 weeks while i wait for my car... thats why i didnt wanna hassle owner-selling we'll see i got some leads, ty
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03-24-2006, 08:30 PM	#8
ward Major General 155 Rep 6,158 Posts Drives: F Join Date: May 2005 Location: T iTrader: (0)	dealer won't be able to give an exact delivery date either, so it would be tough to sell privately (unless you have access to another car) as you'd more than likely either find a buyer earlier than your car would arrive and have no car or end up not selling it early enough and have 2 car payments maga's right though, you'll get more $$$ that way
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03-24-2006, 08:40 PM	#9
roburado Lieutenant 36 Rep 446 Posts Drives: '03 Passat, '09 Cayman S Join Date: Apr 2005 Location: Troy, MI iTrader: (0) Garage List 1991 318is [0.00]	Why not go to LeaseTrader? I don't know much about it, but, maybe, it's something you could check out. __________________ E30 1991 318is, Red on Black Leatherette Family History: Two E21 320i, One E28 535is, One E34 535i, One E34 540i
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03-24-2006, 08:48 PM	#10
fllpunk Private 12 Rep 91 Posts Drives: 2014 i3 REX Join Date: Dec 2005 Location: Gainesville, FL iTrader: (1)	ye just checked it out. i looked for whats out to lease and theres not much choice. 40 to post. not sure the site gets alot of traffic. also looking at the ebay. if i can get the neg to $2.5 neg equity ill just do it to save aggravation
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03-24-2006, 10:32 PM	#11
JB 330ci Resident "Spook" 4 Rep 117 Posts Drives: 03 330ci, 08 335i, 08 A5, Join Date: Jan 2006 Location: Baghdad, Iraq/ Columbus, GA iTrader: (0)	Try leasetrader and swapalease...I fonud my first car on leasetrader which unfortunally was totalled 1 month later in an accident. Here are the links I know leasetrader receives a lot of traffic. http://www.leasetrader.com/ http://www.swapalease.com/
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03-25-2006, 01:54 AM	#13
fllpunk Private 12 Rep 91 Posts Drives: 2014 i3 REX Join Date: Dec 2005 Location: Gainesville, FL iTrader: (1)	HAHA kevinc, so 2003. But good one.
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