Trade in ?
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Instructor
Joined: Feb 2005
Posts: 213
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From: Hallandale Beach Florida
Trade in ?
Happ Thanksgiving to all. My question is. I have a 07 BMW Z4 that I would like to trade for a C5. Since my Z4 is worth more than the C5 how will the trade work. I own about $24500 on the BMW.
Pro
Joined: Apr 2007
Posts: 650
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From: Pittsburg Ca.
If you owe 24,500 on the beamer a trade probably wouldnt work. You owe more than what they would give you in trade (ask me how I know). You owing that much you would go way upside down............ If your lucky you might get them to pay it off. I know its worth more to you but not to them. On the street you could get maybe get35,000 for it.........
Last edited by Slick Rick; Nov 27, 2008 at 05:25 PM.
Le Mans Master
Joined: Jun 2007
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From: LAND OF OZ Kansas
Yup, sell the bimmer out in the street first, and then get a vette. That was my case with a Mustang I owned. The dealer would give me 8k as a trade in last may, and I got 11k out of it.
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I agree with selling the BMW first then look for a C5. A dealer will give you a fraction of what the car might get by you selling it - why give them the difference.
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From: Orlando / Daytona Beach Florida
I'm going to go against the grain on this one just for a moment. After you figure out what your trade in value is add on the value from the tax savings. Then once you've added that value in, see if its realistic to sell the vehicle privately for substantially more than that price. Selling privately can be a pain in the @$$ so make sure the numbers make sense if you're going to go that road.
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From: Lake Mary Florida
I'm going to go against the grain on this one just for a moment. After you figure out what your trade in value is add on the value from the tax savings. Then once you've added that value in, see if its realistic to sell the vehicle privately for substantially more than that price. Selling privately can be a pain in the @$$ so make sure the numbers make sense if you're going to go that road.
