"JIS" (devilz4u)
05/08/2015 at 08:51 • Filed to: None
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"JIS" (devilz4u)
05/08/2015 at 08:51 • Filed to: None | 0
| 17 |
I am planning a long term move out of the US, and I am not planning on taking my car because I would rather buy something new overseas than go through the hassle of importing my car.
My original plan was to sell the car back to the stealership from whence it originally came, but I would like to ask Oppo’s opinion on the matter first.
I purchased the car new.
My car is a MY 2014 with a mileage of a little under 9000.
The factory warranty is still intact.
Serviced at the dealership, at the reccomended intervals.
Break-in procedure followed.
I have taken good care of the car, and it is in exellent condition.
No dings or scratches.
Parked in a covered parking deck.
Located in NC.
I have never tracked the car.
I have not modified the car.
I would like to sell the car within a month or two.
I have the KBB value estimate in-hand, but have not approached the dealer about selling the car.
What would my best option be?
Since I got a comment that make/model makes a difference: 2014 BMW M6 2-door coupe, Silverstone on Silverstone, KBB Value $94,717.
Party-vi
> JIS
05/08/2015 at 08:54 |
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A 2014 Accord with 9,000 miles is probably going to be worth more of it’s original purchase price than a 2014 C-Class with 9,000 miles. Make/model probably playing into this.
GeorgeyBoy
> JIS
05/08/2015 at 09:16 |
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The dealer won’t offer you retail but it would be the quickest and easiest.
Selling privately would take time and possibly a lot of bs.
Your boy, BJR
> JIS
05/08/2015 at 09:33 |
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I’ll look after it for you while you’re gone.....
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JIS
> GeorgeyBoy
05/08/2015 at 09:47 |
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Is there anything I can say or do to extract more money from the dealer?
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JIS
> Your boy, BJR
05/08/2015 at 09:48 |
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Thanks for the offer, but I’m not even sure if I’m coming back. :)
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JIS
> Party-vi
05/08/2015 at 09:48 |
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Added to the post. Thanks!
davesaddiction @ opposite-lock.com
> JIS
05/08/2015 at 09:49 |
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You’re going to take a pretty good hit regardless, but a private sale will net you more. I’d get an offer from the a dealer, an offer from CarMax, and then see what interest you can get selling it yourself first.
Shipping your car may actually be less expensive than selling it - worth looking into companies that take care of all the hassle for you.
As Du Volant
> JIS
05/08/2015 at 09:50 |
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Your best options are going to be selling it back to a BMW dealer (get a couple different appraisals if you can) or selling it to Carmax. Carmax usually gives the highest purchase figures in the industry but in your case I’d check with the BMW dealers too since this car is a prime candidate for being sold Certified Pre-Owned.
Actually on second thought Carmax might not be the best, since it’s such a high dollar car and that isn’t really their niche. Still may be worth paying them a visit though just to be sure, but don’t be surprised if their figure is a bit low.
Also, it’s very unlikely to get KBB value for a trade-in or dealership sale. KBB is just an estimating guide and they tend to be a little out of touch with the market. They usually estimate higher than market conditions for both retail and trade-in values. I’ve found Autotrader’s Trade-In Marketplace to be much more accurate since it’s actually based on real market listings for the area. It’s going to be very frustrating for you if you keep getting numbers lower than KBB, but if you get 3 appraisals and they’re all below KBB, that’s what the car is actually worth. Remember that any item for sale is only worth as much as the market will pay for it, regardless of what any price guides say.
Because it’s such a high dollar car I wouldn’t even attempt to try selling it yourself. It’s going to be a colossal waste of your time and even if you are lucky enough to find someone who genuinely wants to buy it for a reasonable price the chances of them actually coming up with the money are slim. Nobody is going to have that kind of cash lying around and it’s a pretty tall order for most people to walk into their bank and say “I’d like a $95,000 car loan, please.”
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Your boy, BJR
> JIS
05/08/2015 at 09:51 |
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Well if you visit......
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GeorgeyBoy
> JIS
05/08/2015 at 09:55 |
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Not really. I’d get a quote from a couple dealers.
Try some used dealers that specialize in high end cars and see what they will offer you.
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JIS
> davesaddiction @ opposite-lock.com
05/08/2015 at 10:10 |
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The problem I have with shipping the car is that I would be taxed on the car again in the destination country because I haven’t met the required number of years of ownership for the car to be considered my personal vehicle; they think I’m trying to import it for sale. Also, I think getting it serviced will be a headache since a lot of US parts seem to be different from other countries.
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davesaddiction @ opposite-lock.com
> JIS
05/08/2015 at 10:20 |
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Ugh. That sucks. Are you transferring with your current employer? I know sometimes they cover the loss of a house sale; not sure if they’d do the same for a car.
List it for sale on craigslist, AutoTrader and the M6 forums - make sure to take LOTS of high-quality photos. You might find someone planning to buy a new M6 who’d be happy to save a few grand on a well-kept, lightly used model.
Some advice:
http://carbuying.jalopnik.com/ten-common-sen…
The second podcast here: http://oppositelock.jalopnik.com/how-to-buy-a-u…
Meet at a bank parking lot if selling in person - good for security, good for transfer of funds.
My M3 is SSII - love it.
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davesaddiction @ opposite-lock.com
> JIS
05/08/2015 at 10:39 |
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Do you have a friend (or a friend of a friend) who owns a car dealership? They might be willing to sell it for you on consignment...
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JIS
> davesaddiction @ opposite-lock.com
05/08/2015 at 12:53 |
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Sadly, none of my friends work with cars.
I’m a bit leery of CL, especially since a guy just died trying to sell his car on CL.
M6 forums are actually a good idea, thanks!
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JIS
> GeorgeyBoy
05/08/2015 at 12:54 |
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Thanks, I’m not sure there are any high-end used car dealers near me but I’ll be sure to check!
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JIS
> As Du Volant
05/08/2015 at 12:56 |
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Yes, it does seem a private sale is going to be difficult to say the least.
I will check auto-trader and Carmax. Thank you for the suggestions; I totally forgot about Carmax!
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davesaddiction @ opposite-lock.com
> JIS
05/08/2015 at 17:21 |
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Best of luck.