Trade in question

Mako · 09-17-2011, 10:54 AM

So we are looking to trade in our 2008 LR2 with 45,000 miles for a 2012 X3 35i.

The LR2 got damaged in a hit and run in my wife\'s work parking lot. A body shop told us $1300 to repair mostly paint work with one dent that would have to be popped out.

Should we repair it then trade it in or just trade it in as is? Nada guides and blue book say it\'s worth $22,000 average trade. All these dealers can fix it for $400 cost but they probably will take $2000 off the trade (that is my fear at least). I guess there is no real way of knowing how much they will take off for the damage as they probably won\'t tell you the truth.

11x35SapphireBlk · 09-17-2011, 12:10 PM

dealer will use the damage as a negotiation tactic to low ball you. Have it repaired without using insurance (avoid the car fax) and then trade.

tuco44 · 09-17-2011, 12:35 PM

Get it fixed, then trade it.

fedinand · 09-17-2011, 12:41 PM

Quote:

Originally Posted by 11x35SapphireBlk

dealer will use the damage as a negotiation tactic to low ball you. Have it repaired without using insurance (avoid the car fax) and then trade.

Yep - if it comes up on carfax as in an accident - no matter how small...they will try to use that against you.

Mako · 10-09-2011, 12:23 PM

well I finally took my old SUV in for appraisal, Carmax and BMW both offered me the same amount. I didn't get it fixed or even cleaned/detailed. They offered me $1750 under KBB and NADA average trade in, but I was okay with that since it has 45,000 miles on it and I never replaced brake pads or had a wheel alignment yet, there were probably $1,000 of maint. issues that I would need to do if I kept it and the body damage was only a minor deduction and no where near the $1300 it would have cost me to fix it.

I guess I am glad I didn't put any money into the car before trading it in as I wouldn't have gotten it back in value...

greg2step · 10-09-2011, 03:10 PM

getting ready to place the order Mako?

Mako · 10-09-2011, 05:10 PM

Quote:

Originally Posted by greg2step

getting ready to place the order Mako?

Did it yesterday. Got 5.7% off msrp. Not the best deal I have seen on these boards but not bad for the Chicago area.

greg2step · 10-09-2011, 06:34 PM

sounds about right, about what i got. Did you go w/ the Vermillion Red M sport 35i?

Mako · 10-09-2011, 08:13 PM

Yes

Vermillion red, black leather, alum trim

35i
M sport
Cold weather 1
Tech pack
Prem pack
Prem sound

Dealer was telling me he couldnt help me with a tire swap either. I wanted to trade the all season for summer tires because I will be buying 18" winter tires/wheels and dont want all season.

fedinand · 10-10-2011, 09:14 AM

Congrats! Sounds like a great spec!

GenX3 · 10-10-2011, 11:04 AM

I think you'll like the spec, the car, and the process of a BMW purchase.

09-17-2011, 10:54 AM	#1
Mako (Sold) '00 M Roadster '06 M Coupe '16 M3 '20 X3MC 1548 Rep 2,588 Posts Drives: '23 M3 comp Join Date: Jul 2009 Location: Chicago suburbs iTrader: (0)	Trade in question So we are looking to trade in our 2008 LR2 with 45,000 miles for a 2012 X3 35i. The LR2 got damaged in a hit and run in my wife\'s work parking lot. A body shop told us $1300 to repair mostly paint work with one dent that would have to be popped out. Should we repair it then trade it in or just trade it in as is? Nada guides and blue book say it\'s worth $22,000 average trade. All these dealers can fix it for $400 cost but they probably will take $2000 off the trade (that is my fear at least). I guess there is no real way of knowing how much they will take off for the damage as they probably won\'t tell you the truth.
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09-17-2011, 12:10 PM	#2
11x35SapphireBlk Enlisted Member 1 Rep 45 Posts Drives: 2011 X3.5 Black Sapphire Join Date: Jul 2011 Location: Scottsdale Arizona iTrader: (0)	dealer will use the damage as a negotiation tactic to low ball you. Have it repaired without using insurance (avoid the car fax) and then trade.
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09-17-2011, 12:35 PM	#3
tuco44 Colonel 644 Rep 2,294 Posts Drives: 2018 340i xDrive M Perf Edtn Join Date: Apr 2007 Location: Western Canada iTrader: (0)	Get it fixed, then trade it. __________________ 2018 340i xDrive M Perf Edtn Sunset Orange Previous BMWs - 19 others since 1971.
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10-09-2011, 12:23 PM	#5
Mako (Sold) '00 M Roadster '06 M Coupe '16 M3 '20 X3MC 1548 Rep 2,588 Posts Drives: '23 M3 comp Join Date: Jul 2009 Location: Chicago suburbs iTrader: (0)	well I finally took my old SUV in for appraisal, Carmax and BMW both offered me the same amount. I didn't get it fixed or even cleaned/detailed. They offered me $1750 under KBB and NADA average trade in, but I was okay with that since it has 45,000 miles on it and I never replaced brake pads or had a wheel alignment yet, there were probably $1,000 of maint. issues that I would need to do if I kept it and the body damage was only a minor deduction and no where near the $1300 it would have cost me to fix it. I guess I am glad I didn't put any money into the car before trading it in as I wouldn't have gotten it back in value...
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10-09-2011, 03:10 PM	#6
greg2step X3 Owner/Driver 212 Rep 785 Posts Drives: 2018 X3 M40i Join Date: Dec 2007 Location: Baltimore, Maryland, USA iTrader: (0) Garage List 2018 BMW X3 M40i (G01) [0.00]	getting ready to place the order Mako? __________________ 2018 X3 M40i G01 \| Phytonic Blue \| Mocha \| Premium+Exec \| Driver Assist \| Adaptive M Suspension 2011 X3 XDrive35i F25 l Deep Sea Blue l Mojave Leather l Sport, DHP, Premium, Nav/Technology, Cold Weather, Convenience [traded in] 2008 328XI E91 Sportwagon l Sparkling Graphite [traded in]
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10-09-2011, 06:34 PM	#8
greg2step X3 Owner/Driver 212 Rep 785 Posts Drives: 2018 X3 M40i Join Date: Dec 2007 Location: Baltimore, Maryland, USA iTrader: (0) Garage List 2018 BMW X3 M40i (G01) [0.00]	sounds about right, about what i got. Did you go w/ the Vermillion Red M sport 35i? __________________ 2018 X3 M40i G01 \| Phytonic Blue \| Mocha \| Premium+Exec \| Driver Assist \| Adaptive M Suspension 2011 X3 XDrive35i F25 l Deep Sea Blue l Mojave Leather l Sport, DHP, Premium, Nav/Technology, Cold Weather, Convenience [traded in] 2008 328XI E91 Sportwagon l Sparkling Graphite [traded in]
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10-09-2011, 08:13 PM	#9
Mako (Sold) '00 M Roadster '06 M Coupe '16 M3 '20 X3MC 1548 Rep 2,588 Posts Drives: '23 M3 comp Join Date: Jul 2009 Location: Chicago suburbs iTrader: (0)	Yes Vermillion red, black leather, alum trim 35i M sport Cold weather 1 Tech pack Prem pack Prem sound Dealer was telling me he couldnt help me with a tire swap either. I wanted to trade the all season for summer tires because I will be buying 18" winter tires/wheels and dont want all season.
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10-10-2011, 09:14 AM	#10
fedinand Major 74 Rep 1,271 Posts Drives: '11 X3, '11 GTI Join Date: May 2007 Location: MN iTrader: (6)	Congrats! Sounds like a great spec! __________________ The X3 The GTI The Birds The Dogs
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10-10-2011, 11:04 AM	#11
GenX3 Private First Class 27 Rep 159 Posts Drives: 2012 X3 35i Join Date: Sep 2011 Location: Colo Spgs iTrader: (0)	Good Times! I think you'll like the spec, the car, and the process of a BMW purchase.
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