2013 Valuation

[emmfive]

Does anyone have any recent experience on real life trade-in or private party values on a 2013 M5? The edmunds and KBB calculators don't have info for the M5 yet. I see the pricing varies quite a bit on cars.com and autotrader. I'm contemplating an ED on a 2014, and would only want to do it if I could cover the $76k lease payoff.

[Vic55]

In April of this year I reached out to several wholesalers in the So Cal Market to see my cars value, 104595 msrp- most hit me around 88k as did a few dealers.

Here are the latest auction sales:

06/13/13 RIVRSIDE Lease $88,500 6,900 Above SPECIAL 8G A Yes
06/13/13 RIVRSIDE Regular $86,000 2,686 Avg GRAY 8G A Yes
06/19/13 ATLANTA Lease $88,800 1,727 Above BLKSAPH 8G A Yes
06/19/13 ATLANTA Regular $85,750 7,707 Avg WHITE 8G A Yes
07/09/13 NJ Factory $88,000 8,172 Avg SAKHIROR 8GT 6 Yes
07/23/13 OHIO Lease $84,000 12,093 Below BLACK SA 8G A Yes


© 2013 Manheim. All rights reserved.

[emmfive]

Originally Posted by Vic55

In April of this year I reached out to several wholesalers in the So Cal Market to see my cars value, 104595 msrp- most hit me around 88k as did a few dealers.

Here are the latest auction sales:

06/13/13 RIVRSIDE Lease $88,500 6,900 Above SPECIAL 8G A Yes
06/13/13 RIVRSIDE Regular $86,000 2,686 Avg GRAY 8G A Yes
06/19/13 ATLANTA Lease $88,800 1,727 Above BLKSAPH 8G A Yes
06/19/13 ATLANTA Regular $85,750 7,707 Avg WHITE 8G A Yes
07/09/13 NJ Factory $88,000 8,172 Avg SAKHIROR 8GT 6 Yes
07/23/13 OHIO Lease $84,000 12,093 Below BLACK SA 8G A Yes


© 2013 Manheim. All rights reserved.

Awesome data, thanks Vic.

My MSRP was $99k and I'm at 10k miles so $80k more or less looks do-able.

[stealth.pilot]

Originally Posted by Vic55

In April of this year I reached out to several wholesalers in the So Cal Market to see my cars value, 104595 msrp- most hit me around 88k as did a few dealers.

Here are the latest auction sales:

06/13/13 RIVRSIDE Lease $88,500 6,900 Above SPECIAL 8G A Yes
06/13/13 RIVRSIDE Regular $86,000 2,686 Avg GRAY 8G A Yes
06/19/13 ATLANTA Lease $88,800 1,727 Above BLKSAPH 8G A Yes
06/19/13 ATLANTA Regular $85,750 7,707 Avg WHITE 8G A Yes
07/09/13 NJ Factory $88,000 8,172 Avg SAKHIROR 8GT 6 Yes
07/23/13 OHIO Lease $84,000 12,093 Below BLACK SA 8G A Yes


© 2013 Manheim. All rights reserved.

Wholesale value is not the real value. It is the value if you are not willing to sell it yourself.

Used car margins are at an all time high.

[ColdList]

You also need to consider 2 things:

1. The dealer will need to consider that your car will depreciate during the "hold" time while your new car is being built and will likely make speculative adjustment to the value. The numbers Vic is providing are usually the basis for the dealer's offer on your trade. Go for those. Anything very close, considering the hold time is fair.

2. I don't think you will see much better result if selling yourself vs. trading. If you get $88K for your car on your trade then you will realize a $5,500 (approx) tax savings on the new car. Ultimately very similar to selling retail and then buying new.

In the end you should more than cover your lease payoff. I am getting high $80's for mine on trade due to occur in mid-October.

[stealth.pilot]

Last year when I sold my 2012 550i there was a $15k spread between best dealer trade in and what I sold it for.

That is a fairly typical spread on these cars if they are well equipped or Individual models. My car had some unusual special order content and the dealers didn't factor that in the trade value but the retail buyers did.

[Desertdweller]

My MSRP was about 98-99K too. I was quoted 82K if I trade mine in early Oct for a new 2014. I have about 8k miles.

[emmfive]

Originally Posted by ColdList

You also need to consider 2 things:

1. The dealer will need to consider that your car will depreciate during the "hold" time while your new car is being built and will likely make speculative adjustment to the value. The numbers Vic is providing are usually the basis for the dealer's offer on your trade. Go for those. Anything very close, considering the hold time is fair.

2. I don't think you will see much better result if selling yourself vs. trading. If you get $88K for your car on your trade then you will realize a $5,500 (approx) tax savings on the new car. Ultimately very similar to selling retail and then buying new.

In the end you should more than cover your lease payoff. I am getting high $80's for mine on trade due to occur in mid-October.

In #2 I think you're referring to the sales tax exemption you get from some states on the trade-in portion of a new car deal. Unfortunately, CA is not one of those states

It's good to hear you're getting a trade-in value in the high 80's though.

[emmfive]

Originally Posted by stealth.pilot

Wholesale value is not the real value. It is the value if you are not willing to sell it yourself.

Used car margins are at an all time high.

Agreed. Those numbers give me an idea of the floor in the valuation range.

[stealth.pilot]

Originally Posted by Desertdweller

My MSRP was about 98-99K too. I was quoted 82K if I trade mine in early Oct for a new 2014. I have about 8k miles.

That's pretty impressive trade in value I think.

[Vic55]

Originally Posted by stealth.pilot

Wholesale value is not the real value. It is the value if you are not willing to sell it yourself.

Used car margins are at an all time high.

He asked about trade in values, the MMR's that I posted are generally accepted as baseline values where dealers start their trade in value or ACV's on cars that are being traded in. Yes someone could sell their car for more but at what price and how long would they have to wait? Time is money and for some the value of a dealer offer is better than carrying the loan for 1-2 more payments or whatever the time may be.

Of course MMR prices are bare balls pricing without recon, transport, books, dealer pack, etc added in---- but when one trades in a high line car- mmr is the most used value to start with. Most dealers will probably go under mmr on their number since a high dollar amount like this scares away most used car managers from taking a shot. They just dont like to eat up 85k plus for a car that might sit.

Originally Posted by ColdList

You also need to consider 2 things:

1. The dealer will need to consider that your car will depreciate during the "hold" time while your new car is being built and will likely make speculative adjustment to the value. The numbers Vic is providing are usually the basis for the dealer's offer on your trade. Go for those. Anything very close, considering the hold time is fair.

2. I don't think you will see much better result if selling yourself vs. trading. If you get $88K for your car on your trade then you will realize a $5,500 (approx) tax savings on the new car. Ultimately very similar to selling retail and then buying new.

In the end you should more than cover your lease payoff. I am getting high $80's for mine on trade due to occur in mid-October.

Thanks for this.

[emmfive]

Originally Posted by Vic55

Yes someone could sell their car for more but at what price and how long would they have to wait? Time is money and for some the value of a dealer offer is better than carrying the loan for 1-2 more payments or whatever the time may be.

This is how I'm thinking. I would take less for the convenience of getting it done. Dealing with the general public is a pain in the ass. Lots of flakes and joy riders.

Originally Posted by Vic55

Most dealers will probably go under mmr on their number since a high dollar amount like this scares away most used car managers from taking a shot. They just dont like to eat up 85k plus for a car that might sit.

Sounds about right. I don't think I'm going to see mid 80s from a dealer, especially when I'm not buying a car from them.