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03-04-2008, 07:46 PM | #1 |
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Increased resale value with Dinan???
Like most on this forum, I've been researching all the possible tuning options, i.e., JB2, Procede, xede, SSTT, Dinan, etc. I like them all quite frankly and each brings its own uniqueness to the table. But do you think if you spend the extra money on the Dinan, you get the warranty, plus won't you get a higher resell value out of the car? So, while you will spend the extra bucks up front, you can recoup its prorated value on the back side. I don't know because I've never priced out a car with Dinan mods. Just thought this would make an interesting topic for discussion.:iono:
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03-04-2008, 07:55 PM | #2 |
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Personally, I would think that the seller likely beat the car up, just like I am wary about buying a car with a racing past, for a daily driver.
Others may think of it as a plus though... |
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03-04-2008, 08:00 PM | #3 |
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I think its a toss up... a few might find value but for more it would mean it was driven hard and more prone to problems...
I would not buy an second hand modded car.
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03-04-2008, 08:37 PM | #4 |
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Nope. There are very few exceptions where aftermarket modifications increase the resale value of a car. You won't lose all the value with Dinan parts unlike others purely because there is some brand image established.
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03-04-2008, 11:06 PM | #6 | |
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Doin the same with the Civic. Already sold my wheels, a few interior mods, and the cold-air intake. Last to go will be the front and rear strut tower braces.
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03-07-2008, 03:36 PM | #8 |
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2018 G01 X3 | CURRENT [10.00] 2017 I01 i3 | SOLD [10.00] 2017 F48 X1 | SOLD ... [0.00] 2016 I01 i3 | SOLD [0.00] 2017 F22 M240 | SOLD [8.00] 2016 F25 X3 diesel ... [0.00] 2006 E60 550 | SOLD [6.00] 2011 E90 335 | SOLD [8.66] 2012 E82 135 | SOLD [5.50] 2011 E82 1M | SOLD [7.94] 2007 E85 Z4M| SOLD [4.50] 2003 E53 X5 4.6is S ... [9.00] 2008 E92 328 | SOLD [0.00] 2008 E82 135 | SOLD [0.00] 2008 E90 335 | SOLD [0.00] 2003 E46 M3 | SOLD [7.50] 2006 E90 330 | SOLD [10.00] 2003 E46 330ZHP | SOLD [0.00] |
i think i spent about 35k in dinan parts and labor on my x5 and got about 8k of it back when i sold the car . would i do it again? NO. was it fun to drive? YES.
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03-07-2008, 03:45 PM | #9 |
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Is a car with a sign on it that says "I beat the hell out of this car" worth more or less?
On this topic - how much life do you think a dinan car loses over a stock car? At 100,000 miles, should you expect the engine to be toast or what? |
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03-07-2008, 04:13 PM | #10 | |
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Ironically, your comment is based on assumption that non-Dinan cars haven't!!! The alternative is someone buys a piggyback and beats down the car with a second rate tune then pulls it off every time the visit the dealer or ultimately returns their lease. People who choose Dinan are usually more intimate with their BMW dealers and techs, they usually take extra care when dealing with Dinan badged car. Again, people with Dinan tunes/upgrades aren't afraid of their dealer and more than likely visit them more often for scheduled maintenance and check-ups. BMWs are meant to be tracked, those who spend $$ on Dinan products have the money to not skimp and do everything legit. It would be my assumption that Dinan cars are more maintained that non-Dinan cars it almost every instance. Thus, a used Dinan car retains a higher re-sale value, if not because of the added mods, but because they have been "loosened up" by the previous owner and any problem inherent with that car would already reared it's head and been fixed, not skirted by the poser-piggy type. This has been proven over and over with Dinan, Alpina, Hartga and AC schnitzer. Put X brand (PROcede, Jiucebox, SSTT, etc) on a vehicle and when on the lot people will know that that car was drag raced, octane'd, mapped, re-mapped, inserted, removed, inserted, removed...etc. That just doesn't apply to big name BMW tuner brands. At least that is how my friends and colleagues have always perceived. And I believe that is universally true through BMW communities across this country. Although, none of this matters if your leasing a car and you don't care about the resale of your vehicle. Then everything I have just said is pointless, unless you shopping for a used BMW. :wink: |
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03-07-2008, 04:32 PM | #11 |
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rajuncajun, your only hope for recouping costs for Dinan upgrades is getting Numb3rs to buy it! :biggrin:
I think more folks will be scared away than enamored by the Dinan tune, making a sale tougher. If you are willing to spend more time finding the few folks who want to buy a tuned car, even these buyers will only pay a fraction of the value of the upgrades. Most folks buying a "built" car do it to save on buying the upgrades themselves. Therefore, you have to put a hefty discount on your upgrades to attract these buyers. Without a hefty discount, most buyers will buy an unmolested car and buy the upgrades themselves. Also, many aftermarket part warranties are non-transferable. Dinan's is, but not all companies do that. That would be a big factor, along with how much of the warranty is left when you go to sell it. |
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03-07-2008, 04:41 PM | #12 | |
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Thanks, I needed a good laugh. |
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03-07-2008, 04:56 PM | #13 | |
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03-07-2008, 07:24 PM | #14 |
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I find your response a tad over the top. Perhaps you didn't understand my over-all point. If there were two identical USED cars on the lot, with the same mileage. The only difference is that one of them has Dinan upgrades and a Dinan badge, it wouldn't be priced less, it would be priced more. And 9 times out of 10, it will sell. Not only because it might have $3-$4k in upgrades, but also due to the fact those upgrades are from Dinan. There are a bunch of USED 335s on the lots, who knows what the previous owner installed/uninstalled and did to the car. A Dinan badged car is documented and maintained. Nothing is hidden. If I had a choice between 2 identical cars and the Dinan badged one was $500 to $1k more, I know which one I am buying. I am not alone in my thinking. In fact this is not my opinion, but a known fact that I witnessed several times over, starting from when I was in high school and a porter for a Land Rover dealership! Evolved, are you laughing at me or the simple fact this has been proven for the last 20 years? I must believe your response was more of a bandwagonner than anything actually stemming from past experiences and duPont REGISTRYs -or- Robb Reports over the years. Next time I suggest you don't shout so loudly so community members don't notice your ignorance so much. |
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03-07-2008, 07:32 PM | #15 |
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in some cases it would mearly make the car get sold faster than if it were stock... being that the 1 series is a sports coupe, most of the future owners will have some basic knowledge on aftermarket parts and the pros/cons of that... now, those who have their ear to the performance world, will tend to lean towards Dinan products over others...
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03-07-2008, 08:10 PM | #16 | |
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But the ENTIRE car has to be pristine to get your $500-1K out of it. Any signs of abuse/lack of maintenance/wear (like worn rear tires) will hurt twice as much as on a stock vehicle. oh, and we're just punching your buttons Numb3rs. It's Friday night, and we're a bit punchy. Sorry 'bout that. |
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03-08-2008, 12:35 AM | #17 |
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This got interesting. I must say, I've researched the resell value of "Dinan" cars and they are higher than their counterparts. However, it seems the fact of the matter is the age of the seller that foretells the abuse on the car, i.e., the younger, the worse shape the car in - that's a given. But, I think there is more value left in the expense of the Dinan tune than other tunes. Just how much value over how much time is the delta I'm trying to understand.
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03-08-2008, 10:25 AM | #19 | |
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I wouldn't expect the cost of the parts to translate into resale value, simply because they're so overpriced. Nothing against Dinan, if someone wants to blow 3-4x the money for the warranty, that's their call, but I wouldn't expect more than 10% of the money you spent, tops, to translate into resale value.
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03-08-2008, 11:18 AM | #20 | |
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As others have mentioned before, you shouldn't be comparing the value of a Dinan tuned car vs. the value of a car with a removable tuning device being sold with it still installed in the car. You should be comparing the value of a Dinan car to the value of a stock vehicle + the used value of the removable tuning device. Just making up some optimistic numbers here, assuming all other factors (condition, miles, etc) are the same: Used 135i stock: 30,000 Used 135i Dinan: 30,750 Used 135i Helix: 30,200 (note, this price is irrelivant, since you don't sell it this way, you yank the Helix and sell the car as stock) Resell used Helix on open market: $400 Resell Dinan on open market: Zero. It can't be resold. Buy 135i for 35k, add 2k Dinan tune, sell at 30,750 == $6,250 loss. Buy 135i for 35k, add 800 Helix tune, remove and sell as stock for 30k, sell Helix for 400 == $5,400 loss. You can shift around the actual numbers as much as you want, like changing the Used 135i Dinan +/- a few hundred dollars. Or change the Resell used Helix +/- a few hundred dollas, the math still comes out against the Dinan. The assumptions have to get pretty silly for the Dinan to come out ahead: Used 135i Dinan: 31,500 == $5,500 loss Resell used Helix: 200 == $5,600 loss You finally come out better with the Dinan only if you get 1,500+ back out of your 2,000 Dinan. I don't think this is possible, but the only way you could even have ANY chance of doing that would be if the majority of the Dinan warranty were still left. So the only way to come out ahead would be to never really get much time to use your Dinan, and sell your car soon after you install it. Run it until the Dinan warranty runs out, and I think even the +750 price premium over stock would be unrealistic. Even the rare buyers like Numb3rs who might want to buy a car that has been run Dinan chipped for a number of years understand that the warranty is a major part of the value of Dinan upgrades. And without any warranty left, that part of the Dinan value is gone. Gone forever. |
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03-08-2008, 06:50 PM | #21 |
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I admit I didn't read most of this thread, but as a bank manager who underwrites car loans, consider that any aftermarket upgrades add nothing to value of a car on a loan. It doesn't matter if you pull up in a one year old $20k RSX-S with another $20k worth of work in it and have a buyer who's offering you $30k. If Kelly's Blue Book says your car is worth $15,000, that's what it's worth for the purposes of calculating loan to value, and no one's going to underwrite a loan for 200% LTV.
Standards vary from lender to lender, but in my area (Northern NJ), anything aftermarket just isn't normally part of the equation. Just something to consider: since the vast majority of used purchases require some kind of financing, you would need a buyer who can afford your premium for aftermarket work without financing that portion. |
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