ED and Trading in a Car

Doccommando · 04-02-2007, 07:02 PM

So, I test drove a 335 sedan MT over the weekend and loved it. Much more refined than my Evo.

Here's my issue:

I'd like to do an ED and I'd also like to trade one of my cars when I purchase the BMW. However, I'll be without a car for 6-8 weeks while the car rides the boat over. Anyone else have this issue? Are the dealerships flexible with working around the trade in?

Thanks for the help.

STE92VE · 04-02-2007, 07:41 PM

Since your ED car needs to be paid for 2 weeks prior to picking it up in Munich, I don't see how the dealer would allow you to drive around in what technically is their car once you complete the purchase with the trade-in. That's one of the quirks of an ED...pay for your car, drive it in Europe and then wait until it gets shipped back to the states. Have you considered a private sale for your current car?

You also said you would be trading in one of your cars....can't you drive the other while you're waiting?

beestroh · 04-02-2007, 07:54 PM

Quote:

Originally Posted by Doccommando

So, I test drove a 335 sedan MT over the weekend and loved it. Much more refined than my Evo.

Here's my issue:

I'd like to do an ED and I'd also like to trade one of my cars when I purchase the BMW. However, I'll be without a car for 6-8 weeks while the car rides the boat over. Anyone else have this issue? Are the dealerships flexible with working around the trade in?

Thanks for the help.

My dealer gave me an estimate of my trade value at the time I signed the contract for ED. He told me that if I continued to drive the same 1000 miles a month that I had been driving and if it was unchanged in cosmetics/functionality, that it would be still be worth within a few hundred bucks of his estimate when I took delivery. Since it wasn't part of the contract, I was free to sell it myself in the meantime if I chose. I didn't (it was my only car), and it turns out he gave me the exact amount he earlier quoted.

STE92VE · 04-02-2007, 08:01 PM

Quote:

Originally Posted by Doccommando

I'd like to do an ED and I'd also like to trade one of my cars when I purchase the BMW.

Quote:

Originally Posted by beestroh

My dealer gave me an estimate of my trade value at the time I signed the contract for ED. He told me that if I continued to drive the same 1000 miles a month that I had been driving and if it was unchanged in cosmetics/functionality, that it would be still be worth within a few hundred bucks of his estimate when I took delivery. Since it wasn't part of the contract, I was free to sell it myself in the meantime if I chose. I didn't (it was my only car), and it turns out he gave me the exact amount he earlier quoted.

So beestroh, your experience was that you really didn't trade in your car at the time of purchase, you sold your car to the dealer after you returned from ED. You still needed to pay the full purchase price of your new car before ED. I don't know if this is what the OP had in mind...

bailey544 · 04-02-2007, 09:14 PM

I too made the same sort of deal as beestroh. Paid in full in Nov and sold my old car to dealer at redelivery in late Jan. The sales tax was only on the difference, however, so it worked about the same as the trade.

I did feel vulnerable that the dealer could low ball me at redelivery compared to their earlier estimate and I had no bargaining power. However, my dealer treated me well not wanting to sour the whole thing right at the end for a few hundred bucks.

beestroh · 04-02-2007, 10:36 PM

Quote:

Originally Posted by STE92VE

So beestroh, your experience was that you really didn't trade in your car at the time of purchase, you sold your car to the dealer after you returned from ED. You still needed to pay the full purchase price of your new car before ED. I don't know if this is what the OP had in mind...

Yeah. Dealers have no incentive to buy a car from you and continue to let you drive it. Your out is what I described.

scubajag · 04-03-2007, 03:35 PM

Traded in my car at time of placing order for ED. Got a fairly good price (better than Carmaxx), but I was fortunate to have another car to drive while I wait for redelivery of my ED. The real advantage of trading in when you pay for your car, is that you don't pay sales tax on the amount of your trade-in when you pay the tax on your ED vehicle.

fueledbymetal · 04-04-2007, 06:26 AM

Quote:

Originally Posted by scubajag

The real advantage of trading in when you pay for your car, is that you don't pay sales tax on the amount of your trade-in when you pay the tax on your ED vehicle.

I just want to point out that this depends on the state. MD for example still taxes the full MSRP with or without a trade.

To the OP, I feel your pain. We only have two cars in my household so if I do Euro delivery that means my wife & I will have to share a car which will be a hassle since we don't work at the same place.

04-02-2007, 07:02 PM	#1
Doccommando Enlisted Member 0 Rep 46 Posts Drives: Evo IX Join Date: Apr 2007 Location: Palo Alto, CA iTrader: (0)	ED and Trading in a Car So, I test drove a 335 sedan MT over the weekend and loved it. Much more refined than my Evo. Here's my issue: I'd like to do an ED and I'd also like to trade one of my cars when I purchase the BMW. However, I'll be without a car for 6-8 weeks while the car rides the boat over. Anyone else have this issue? Are the dealerships flexible with working around the trade in? Thanks for the help.
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04-02-2007, 07:41 PM	#2
STE92VE STEVIL Empire 218 Rep 6,297 Posts Drives: Fast Join Date: May 2006 Location: Long Island, NY iTrader: (0)	Since your ED car needs to be paid for 2 weeks prior to picking it up in Munich, I don't see how the dealer would allow you to drive around in what technically is their car once you complete the purchase with the trade-in. That's one of the quirks of an ED...pay for your car, drive it in Europe and then wait until it gets shipped back to the states. Have you considered a private sale for your current car? You also said you would be trading in one of your cars....can't you drive the other while you're waiting? __________________ 2007 E92 328i 6MT-Space Gray/Black Dakota/Gray Poplar w/heated seats-PCD 4/27/07 (SOLD) 2009 E90 328i xDrive 6AT-Space Gray/Oyster Dakota/Dark Burl Walnut w/ZPP,ZCW,Xenons-ED 4/17/09 - Redelivery 5/30/09 (SOLD) 2014 E84 xDrive28i 8AT-Alpine White/Black Nevada/Silver Matte w/ZMV,ZLP,494 - DD 3/14/14 (SOLD)
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04-02-2007, 09:14 PM	#5
bailey544 Private 1 Rep 61 Posts Drives: 2007 328xi sport wagon Join Date: Jul 2006 Location: Midwest iTrader: (0)	I too made the same sort of deal as beestroh. Paid in full in Nov and sold my old car to dealer at redelivery in late Jan. The sales tax was only on the difference, however, so it worked about the same as the trade. I did feel vulnerable that the dealer could low ball me at redelivery compared to their earlier estimate and I had no bargaining power. However, my dealer treated me well not wanting to sour the whole thing right at the end for a few hundred bucks. __________________ 2007 328xi E91, AW \| terra \| step \| sport \|premium \| Sirius \|
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04-03-2007, 03:35 PM	#7
scubajag Scuba-JAG 24 Rep 528 Posts Drives: Jet Black 2006&07 B.R. E-92 Join Date: Jun 2005 Location: St. Petersburg, Fl iTrader: (0)	Traded in my car at time of placing order for ED. Got a fairly good price (better than Carmaxx), but I was fortunate to have another car to drive while I wait for redelivery of my ED. The real advantage of trading in when you pay for your car, is that you don't pay sales tax on the amount of your trade-in when you pay the tax on your ED vehicle.
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