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Originally Posted by mikeriley
Hi all. I was looking to see if anyone has gone to their bmw dealer to get a price on what the car is worth on trade? I know what they are going for used (high 80's seems the sweet spot that sells) but I was at a large dealer this weekend in chicago and they told me the buy back price is around 75K. That sounded low to me.
Anyone care to chime in?
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If you have no options and a $90k MSRP than 75k is right.
BTW in my opinion never trade-in your car. These guys make a $10k mark up on used M5s.
Honestly I'd rather burn my M5 than get raped on trade-in.
Any half competent person can sell their car on autotrader. I've sold lots of cars that way. Last year on my 550i I beat dealer trade-in by $15k by selling privately and I had multiple offers including one above asking price.