$8K is TOP Dollar (more) (archive)

Hello, I am new to this forum, but I was wondering: I have a 90 735il that I would like to trade (indirectly, probably) for a new(er?) Bimmer. I was sort of insulted by the dealer's quote of $8K, and I wanted to know if anyone thought that was reasonable. This car is in immaculate condition (believe me, just had it totally done over at the body shop, only 45K miles, beautiful). Any thoughts? I really appreciate it.

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By giving you $8K the dealer will advertise the car for about $12K and take $10.5K.

A $2500 profit for the trouble of accepting your trade is completely reasonable.

They probably are making less than $6000 on your new 2001 car, so $8500 on the two deals is not a lot of money these days. Dealers really like to make at least $4000 on a used car, and that means often not wanting really old cars like yours. Yours MUST be clean or they would just wholesale it at the auction.

The e32 depreciates like a stone, and you obviously had it repainted, which hurts the value unless you spent at least $3000 just on the paint alone. Any cheaper job, and it reduces the value of the car.

Just figure you had a nice car to drive for 45,000 miles, and that it cost you less than a dollar a mile to own it.

You'd pay that to ride on the Concorde and you don't get to keep it in your garage!

Remember, too, that if you sell it privately for more, some of taht money will go to pay sales tax on the $8K you are not getting as trade-in on the new car.

Bob

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