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More Factors To Consider. (archive)

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Posted by Dave Clement on April 18, 2002 at 04:15:15:

In Reply to: Appreciate Anyone's Help....... posted by CK on April 17, 2002 at 16:59:53:

Kelly Blue Book has different descriptions and prices for trade in, private party and used car retail. Go to to find out what each one of them means. You won't be able to get the same retail price that the dealer sells it for, as Simeon described.

The way that I calculated it with your zip code and the features and mileage described on your web page, if it is in excellent condition, you'd only get $48,575 for it as a trade in or private sale.

Although you will get a larger audience, keep in mind that if you are selling it on eBay or any national forum, you are asking someone to buy it basically sight unseen, or else spend a lot of money just to fly out to look at it. The buyer will also have to either drive it home of pay for shipping. All of this is competing against you and forcing the price down.

Ask yourself, would you pay retail blue book for a car that you have never seen, from someone that you don't know, without the opportunity to have it checked out by your mechanic?

Would you fly across the state or across the country to look at a car if there was a chance that you would not win the auction because someone else outbid you?

Don't get me wrong, I'm not against buying "long distance". I bought my 750iL from over 1000 miles away, BUT ONLY BECAUSE I GOT AN ABSOLUTE BARGAIN!

Unfortunately, the ugly fact of the 7 Series is that they loose value extremely fast. This can be as much as a third of the value each year. That is why I went the route of purchasing a low mileage example that is a few years old, then upgrading it with the features of the newest model.

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