[BMW Dreamer]

I have a question on trade in value for my 2007 Civic Si sedan.

OK. I am going to trade in the 2007 Civic Si sedan for a 2009 135i.
I will be doing this in 1 year or less.

I went to Edmunds.co and appraised a 2006 Civic Si coupe with 16,000 miles. Its the same car and price. I figure in a year my car will have aprox 16,000 miles and mint condition. So should this be pretty accurate?

Remember my car is an 07, so I appraised an 06 to get an example what mine will be worth in a year with 16,000 miles/mint.

Edmunds numbers on a 2006 Civic Si coupe, 16,000 mi, mint.

Trade-in value $16,100

Private sale $17,500

Dealer Retail $18,600

Certified $19,400.


If I pay MSRP for the 135i manual with leather, sport pkg. comfort access, HD Radio, Premium Hi-Fi, dest, $39,850 do you think they will give me $16,100 ? That is what I will owe on the Civic Si at the time(March 09) The Civic Si new MSRP was $22,000.

I don't plan on trading, a major pain Plus I will save $1,000 in tax tradding it in.

2009 135i MSRP $39,850
-$16,100
=$23,750
6.5% tax+ $1,544
Lic, title + $186
Civic payoff +$16,100
=$41,580
Cash down -$5,000

Amount to finance=$36,580.


Do you think these numbers are possible?

If BMW sells the Civic for $18,600 thats a $2,500 profit on the Civic, Plus the invoice on the BMW is $3,170 less then MSRP.
Thats a total profit of $5,670.

Or will BMW just wholesale it out to a Honda dealer for what they gave me on the trade? $16,100

Thankyou for any answers :iono::thumbup:

[jdesclafani]

def not...i bet they wont even give u 16k if u trade it in today i bet...my car is worth about 13k and the highest i was offered at the dealer was 7500....

[JSierra]

Make sure when you go to edmunds to look at the Fair Market Value. It will be close to that amount. The book said that my trade in for the Z was 20K, but the fair market trade in was only 17,665. The dealer will use fair market value or auction value.....

[E82tt6]

With a KBB of 16,000 I'd expect a dealer to offer 13-14 on a trade.

[BMW Dreamer]

I did the Kelley Blue assuming the car will be 2 years old, mint, and 16,000 miles trade-in value was $16,600. The Dealer retail was $21,500. I can't imagine getting offered $14k for a car that was $22k. The 2 year old Civic Si's I have seen are selling for about $19-20k now.

[BMW Dreamer]

Originally Posted by jdesclafani

def not...i bet they wont even give u 16k if u trade it in today i bet...my car is worth about 13k and the highest i was offered at the dealer was 7500....

These numbers are NOT true, I have tradded in 10 cars and I know this is Bull$hit. $7500 right

[BMW Dreamer]

Originally Posted by JSierra

Make sure when you go to edmunds to look at the Fair Market Value. It will be close to that amount. The book said that my trade in for the Z was 20K, but the fair market trade in was only 17,665. The dealer will use fair market value or auction value.....

I went there 3 times and priced it at 2 years old 2006 Civic Si coupe with 16,000 miles/mint and the Trade-in Value/True market Value was $16,188.

I also went to Kelly Blue book and trade-in value was $16,800:iono:

[atr_hugo]

KBB is 'optimistic'.

[MVF4Rrider]

They won't give you "trade in" value because they won't keep it on their lot. They'll want to wholesale it to Honda dealer. Make a quick $1000 or whatever. Best to sell it on your own. You have time.

[BMW Dreamer]

If I order a 135i it will take up to 12 weeks, what do I do for transpertation?

[BMW Dreamer]

Just say its Jan 09, my 2007 Civic Si is 2 years old and has 16,000 miles and its mint. The kelley Blue book says true market trade-in value is $16,800. If I pay MSRP on the 135i, you all think they will offer me only $14,000.

My brother was a car salesman for 3 years and what I learned from him was when tradding in a car you go wholesale to wholesale, OR retail to retail. This means if you pay MSRP on the new car the dealer usually gives you more then the low trade-in value. And vise versa, Money off MSRP means low trade-in value.

If I pay MSRP on the 135i they should give me at least $16,000.

What do you think they will offer?

[Jack in Jax]

Jeff:

"2009 135i MSRP $39,850 - Amount to finance=$36,580"

And value of the 135i one month later? I'm afraid the rabbit's too big for the hat. Apologies for popping party balloons but that looks like a bad move, financially speaking.

Jack

[E82tt6]

In my experience, on a trade in, the dealer has ALWAYS offered 2000-5000 below KBB trade in.

That's why I usually sell a car privately instead of trading it in. Especially with a low supply, high demand car for the 135i, you have 0 room to bargain.

They can offer you 13k, and you can say "well, then give me invoice" at which point they can say "No, demand is too high on this car. Why should I sell to you for that price when I can sell at MSRP?"

Or, you could say "That's a lowball. Give me the 17k the car is worth, and you've got a deal right now." at which point they can say "The car isn't worth that much. I can't sell it for that much, I'm just going to wholesale it, and I won't give you more than what I think I can wholesale if for."

You can walk out, and they won't care, because they'll be able to sell the car no matter what.

I'm sorry to do any bubble popping, I just think it's unreasonable to expect to get anything close to KBB on a trade in to a dealer that can't CPO the car.

[BMW Dreamer]

OK. I understand. That was what I was affraid of. I know I can sell outright for at least $17k. I just have to find transpertation? Maybe by next March 09 they might have 135i manuals in Alpine White on the lot. That way I can just go buy it MSRP. And possibly put down $7,000 instead of $5,000. I originally was going to get the 135i Alpine White, manual, black leatherette, sport pkg and comfort access. Now I have been adding options like HD Radio, leather, Premium Hi-Fi which adds $2,675. I loved the Coral red when I first saw it 2 years ago, and my son told me yesterday to get the Coral leather. Then many are saying the HD Radio is really clear. Plus I am an audio/video nut and would love the Premuim Hi-Fi. I just need to wait, payoff visa's and save BIG $$$. OH SHUCKS.

What options can I live without???

My bottom line on trade would be $15,000, is that possible.

[vivid]

Originally Posted by E82TT6

They can offer you 13k, and you can say "well, then give me invoice" at which point they can say "No, demand is too high on this car. Why should I sell to you for that price when I can sell at MSRP?"

Or, you could say "That's a lowball. Give me the 17k the car is worth, and you've got a deal right now." at which point they can say "The car isn't worth that much. I can't sell it for that much, I'm just going to wholesale it, and I won't give you more than what I think I can wholesale if for."

that sounds exactly right... I've heard both of those lines many a time.

[E82tt6]

Originally Posted by Jeff1962

OK. I understand. That was what I was affraid of. I know I can sell outright for at least $17k. I just have to find transpertation? Maybe by next March 09 they might have 135i manuals in Alpine White on the lot. That way I can just go buy it MSRP. And possibly put down $7,000 instead of $5,000. I originally was going to get the 135i Alpine White, manual, black leatherette, sport pkg and comfort access. Now I have been adding options like HD Radio, leather, Premium Hi-Fi which adds $2,675. I loved the Coral red when I first saw it 2 years ago, and my son told me yesterday to get the Coral leather. Then many are saying the HD Radio is really clear. Plus I am an audio/video nut and would love the Premuim Hi-Fi. I just need to wait, payoff visa's and save BIG $$$. OH SHUCKS.

What options can I live without???

My bottom line on trade would be $15,000, is that possible.

What transportation needs do you have? Could you get away with Public Transportation or a bike for 3 months?

Another option is to just buy a $500 car to drive for 3 months.

[bavarianbutcher]

never ask a question like that on a forum like this. seriously im not trying to put you down. but these are ppl that have high expectations for a car thats why we buy bimmers. asking us the value of a used honda is like asking us how much we would pay for a swift kick in the ass. i honestly think if you got the patience than you can get decent money for it. not know an amount. but if you want that decent money....PUT UP FOR SALE NOW

[Brandon26pdx]

SELL PRIVATELY

[E82tt6]

Originally Posted by bavarianbutcher

never ask a question like that on a forum like this. seriously im not trying to put you down. but these are ppl that have high expectations for a car thats why we buy bimmers. asking us the value of a used honda is like asking us how much we would pay for a swift kick in the ass. i honestly think if you got the patience than you can get decent money for it. not know an amount. but if you want that decent money....PUT UP FOR SALE NOW

Yep, it took me more than three months to sell my S2K for the amount I wanted, but eventually I got KBB retail+500 for the car. Actually made money on it! Just takes the right buyer.

[BMW Dreamer]

Originally Posted by bavarianbutcher

never ask a question like that on a forum like this. seriously im not trying to put you down. but these are ppl that have high expectations for a car thats why we buy bimmers. asking us the value of a used honda is like asking us how much we would pay for a swift kick in the ass. i honestly think if you got the patience than you can get decent money for it. not know an amount. but if you want that decent money....PUT UP FOR SALE NOW

A BMW isn't a car for presidents and kings only. If you don't like the question don't read it.

Its not a piece of shit you know.

[BMW Dreamer]

Originally Posted by E82TT6

What transportation needs do you have? Could you get away with Public Transportation or a bike for 3 months?

Another option is to just buy a $500 car to drive for 3 months.

Well I do work 2.5 miles from home, and only work 14 days a month, so it wouldn't be that bad to ride my bike. But I would have to leave at 5:30 a.m. 12 hour days.



Thankyou for quality comments. I appreciate it very much. Much to think about, with plenty of time.

P.S. I have owned MORE expensive cars besides my POS Honda Civic Si. Good Day.

[Brandon26pdx]

Originally Posted by E82TT6

What transportation needs do you have? Could you get away with Public Transportation or a bike for 3 months?

Another option is to just buy a $500 car to drive for 3 months.

Exactly what I would recommend:biggrin: