BMW M3 and M4 - The Icons
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
home
G80 BMW M3 and M4 General Topics Regional Forums CANADA

Post Reply
 
Thread Tools Search this Thread
      12-09-2021, 04:25 PM   #1
evilalien
Lieutenant
evilalien's Avatar
Canada
448
Rep
587
Posts

Drives: MY22 M3 Competition xDrive
Join Date: Dec 2016
Location: Canada

iTrader: (0)

F22 —> G80 soon!

Getting close… the M3Cx is 1-2 weeks away, on a train.

I posted this over in the F22 Canada forum, but thought I'd seek some more diverse opinions:

I am selling or trading in my Estoril blue F22 (MY17 M240i xDrive), and got a disappointing trade-in quote. My car is in great shape, some MPerf parts (front splitter, rear spoiler, side sills), BMW OEM summer and winter wheel/tire sets. A bit over 53k KMs.

Anyone have insight into current value in Canada?
__________________
Quote:
evilalien
Current: MY22 M3 Competition xDrive; Canadian Ultimate Package (-carbon bucket seats, CF trim); Santorini Blue; Fjord blue/black full leather
Appreciate 0
      12-09-2021, 06:13 PM   #2
codestar
Second Lieutenant
Canada
181
Rep
252
Posts

Drives: 2017 Model S P100D
Join Date: Feb 2019
Location: Vancouver

iTrader: (0)

Garage List
Quote:
Originally Posted by evilalien View Post
Getting close… the M3Cx is 1-2 weeks away, on a train.

I posted this over in the F22 Canada forum, but thought I'd seek some more diverse opinions:

I am selling or trading in my Estoril blue F22 (MY17 M240i xDrive), and got a disappointing trade-in quote. My car is in great shape, some MPerf parts (front splitter, rear spoiler, side sills), BMW OEM summer and winter wheel/tire sets. A bit over 53k KMs.

Anyone have insight into current value in Canada?

yep, I got a pretty bad trade-in quote as well. Approx 5k less than I really anticipated them offering. Even being realistic about my car ('14, 105km, 6MT), it was still pretty damn low.

the only insight I can give is from others I know who've purchased recently with other brands and they have all been given smokin' offers on trucks, etc.

Maybe it's a BMW thing?
Appreciate 0
      12-09-2021, 06:38 PM   #3
evilalien
Lieutenant
evilalien's Avatar
Canada
448
Rep
587
Posts

Drives: MY22 M3 Competition xDrive
Join Date: Dec 2016
Location: Canada

iTrader: (0)

Quote:
Originally Posted by codestar View Post
Quote:
Originally Posted by evilalien View Post
Getting close… the M3Cx is 1-2 weeks away, on a train.

I posted this over in the F22 Canada forum, but thought I'd seek some more diverse opinions:

I am selling or trading in my Estoril blue F22 (MY17 M240i xDrive), and got a disappointing trade-in quote. My car is in great shape, some MPerf parts (front splitter, rear spoiler, side sills), BMW OEM summer and winter wheel/tire sets. A bit over 53k KMs.

Anyone have insight into current value in Canada?

yep, I got a pretty bad trade-in quote as well. Approx 5k less than I really anticipated them offering. Even being realistic about my car ('14, 105km, 6MT), it was still pretty damn low.

the only insight I can give is from others I know who've purchased recently with other brands and they have all been given smokin' offers on trucks, etc.

Maybe it's a BMW thing?
Might be. I have heard this is a weird demand on trucks before. I get the tax benefit, and have run the numbers… but they aren't willing to budge. A reply in the F22 forum suggests I should expect quite a bit more, no idea if that is an informed opinion or not.
__________________
Quote:
evilalien
Current: MY22 M3 Competition xDrive; Canadian Ultimate Package (-carbon bucket seats, CF trim); Santorini Blue; Fjord blue/black full leather
Appreciate 0
      12-10-2021, 09:18 AM   #4
codestar
Second Lieutenant
Canada
181
Rep
252
Posts

Drives: 2017 Model S P100D
Join Date: Feb 2019
Location: Vancouver

iTrader: (0)

Garage List
Quote:
Originally Posted by evilalien View Post
Might be. I have heard this is a weird demand on trucks before. I get the tax benefit, and have run the numbers… but they aren't willing to budge. A reply in the F22 forum suggests I should expect quite a bit more, no idea if that is an informed opinion or not.
I think they are trying to cash in on the crazy used vehicle market. I've been keeping an eye on listings very similar to my 435 and the average price is nearly 10k higher than their offer. Even accounting for them servicing it to get it ready for sale, etc., I still think there is a huge profit for them.

I've put out some feelers to a few people and may sell mine privately, but I don't want to deal with tire kickers so I'm not formally listing it. If I sell it and make ~5k more than the dealer's offer then that will pay for the winter set. Otherwise I'll chalk up the dealer offer as a loss due to convenience of not worrying about it anymore
Appreciate 0
      12-10-2021, 07:58 PM   #5
evilalien
Lieutenant
evilalien's Avatar
Canada
448
Rep
587
Posts

Drives: MY22 M3 Competition xDrive
Join Date: Dec 2016
Location: Canada

iTrader: (0)

Quote:
Originally Posted by codestar View Post
Quote:
Originally Posted by evilalien View Post
Might be. I have heard this is a weird demand on trucks before. I get the tax benefit, and have run the numbers… but they aren't willing to budge. A reply in the F22 forum suggests I should expect quite a bit more, no idea if that is an informed opinion or not.
I think they are trying to cash in on the crazy used vehicle market. I've been keeping an eye on listings very similar to my 435 and the average price is nearly 10k higher than their offer. Even accounting for them servicing it to get it ready for sale, etc., I still think there is a huge profit for them.

I've put out some feelers to a few people and may sell mine privately, but I don't want to deal with tire kickers so I'm not formally listing it. If I sell it and make ~5k more than the dealer's offer then that will pay for the winter set. Otherwise I'll chalk up the dealer offer as a loss due to convenience of not worrying about it anymore
The way to compare private vs trade-in IMO:

(trade-in value) + (tax reduction) + (personal cost)

The trade-in value is subtracted from vehicle purchase price, and you pay tax on the rest as I understand it. That tax reduction is money you don't pay, so effectively the invisible part of the trade-in offer. It is 15% in tax in BC for this car. How much you value your time and energy is the last piece.

That makes the gap between trade-in and at least one comment I've seen on these forums ("you can get $40k for it") less than $10k. I did have someone interested in it in the summer, but probably not at crazy used market prices. I can't find his business card (remember those? )… yet. Somewhere in my damn office.
__________________
Quote:
evilalien
Current: MY22 M3 Competition xDrive; Canadian Ultimate Package (-carbon bucket seats, CF trim); Santorini Blue; Fjord blue/black full leather
Appreciate 0
      12-10-2021, 08:48 PM   #6
dubzz24
Private First Class
dubzz24's Avatar
Canada
117
Rep
147
Posts

Drives: 2022 M3 Comp xDrive
Join Date: Mar 2012
Location: Vancouver, BC

iTrader: (0)

I think you should post it up for a price that’s consistent with your personal cost and see what happens!

Nothing to lose.

For the most part, I’ve found that if I post a car for maybe $2-3k over the trade-in + tax savings, I usually sell my cars pretty quick. If it doesn’t sell you can always trade it in.

The trade-in offer I got for my truck (‘19 Ram 3500 diesel) was actually pretty strong. I’d estimate it at around what I could get for it privately with the 15% tax savings factored in. If the trade in is still strong by the time the M3 comes in I’ll probably go for it.
Appreciate 1
evilalien447.50
      12-11-2021, 12:30 PM   #7
Osiris888
Private First Class
65
Rep
100
Posts

Drives: .
Join Date: Jul 2012
Location: GTA

iTrader: (0)

I'm sure you've Already checked auto trader but this is the range quoted.

When I traded in my S5 in September the dealer put it on traderev, an auction app for wholesalers across North America I believe. The highest bid was much more than I thought it would be. There may be a sense because you've already got a car incoming that you're caught between a rock and a hard place giving leverage to the dealer on a trade-in price.

Another pathway that I took as I brought my car to a few reputable used car dealers around my house and they gave quotes that were reasonable but were still a couple thousand less than the highest bid on traderev.

Dealers have to pay to list on trade rev and buyers have to pay to access traderev so I'm not sure if your dealer uses it or not but many in the greater Toronto area do use this.

Either way if the quote they're giving you is way outside the AutoTrader range I would explore different options.

As well if you find a used car dealer that's willing to pay more than your BMW dealer you may be able to do what's called a courtesy trade between dealers where there's just an admin fee that's paid but you can still access the tax savings as a used car dealer would essentially just be purchasing the car through your dealer at the price you agreed to with the used car dealer. Again depending on your dealership they know that they have leverage so they may not agree to this.
Attached Images
 
Appreciate 1
evilalien447.50
      12-12-2021, 12:15 AM   #8
Forzanerazzurri
Banned
6886
Rep
3,277
Posts

Drives: E46 M3 Coupe/G80 M3CX
Join Date: Jul 2021
Location: Alberta

iTrader: (0)

Garage List
Stop trading in your cars. Just sell it privately. You can't be disappointed by the dealer ripping you off if you're too scared/lazy to sell it privately.
Appreciate 1
      12-15-2021, 10:26 AM   #9
Bmyr132
Registered
0
Rep
1
Posts

Drives: 2022 BMW M3 COMPETITION
Join Date: Dec 2021
Location: SASKATCHEWAN

iTrader: (0)

Garage List
2022 BMW  [0.00]
How long to get it shipped from the Halifax port to your dealer? Mine has been sitting at the Port for almost a month
Appreciate 0
      12-16-2021, 12:47 PM   #10
evilalien
Lieutenant
evilalien's Avatar
Canada
448
Rep
587
Posts

Drives: MY22 M3 Competition xDrive
Join Date: Dec 2016
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Bmyr132 View Post
How long to get it shipped from the Halifax port to your dealer? Mine has been sitting at the Port for almost a month
It just arrived at my dealership and is getting prepped. I don't know exactly went it arrived in Halifax, and getting to the west coast was partly delayed by the "atmospheric river" storms that cut lower mainland BC off from the rest of the country to the east.
__________________
Quote:
evilalien
Current: MY22 M3 Competition xDrive; Canadian Ultimate Package (-carbon bucket seats, CF trim); Santorini Blue; Fjord blue/black full leather
Appreciate 1
PLF693762.50
      12-17-2021, 03:18 PM   #11
evilalien
Lieutenant
evilalien's Avatar
Canada
448
Rep
587
Posts

Drives: MY22 M3 Competition xDrive
Join Date: Dec 2016
Location: Canada

iTrader: (0)

I've decided to share the teaser photos my dealership sent me, and will use a new thread for official delivery and first impressions.

Without further ado, I present my pre-inspection M3 Competition xDrive in Santorini blue paint with the Fjord blue/black interior, rolling on black 826M wrapped in Michelin PS4S* tires in the warm months (black 829M wrapped in Michelin Pilot Alpin 5* when its cold). I know the interior will bother some people for reasons they should probably seek therapy for. I don't care. This car is blue, black, and carbon whenever possible.
Attached Images
      
__________________
Quote:
evilalien
Current: MY22 M3 Competition xDrive; Canadian Ultimate Package (-carbon bucket seats, CF trim); Santorini Blue; Fjord blue/black full leather
Appreciate 2
      12-18-2021, 03:22 PM   #12
codestar
Second Lieutenant
Canada
181
Rep
252
Posts

Drives: 2017 Model S P100D
Join Date: Feb 2019
Location: Vancouver

iTrader: (0)

Garage List
Quote:
Originally Posted by evilalien View Post
I've decided to share the teaser photos my dealership sent me, and will use a new thread for official delivery and first impressions.

Without further ado, I present my pre-inspection M3 Competition xDrive in Santorini blue paint with the Fjord blue/black interior, rolling on black 826M wrapped in Michelin PS4S* tires in the warm months (black 829M wrapped in Michelin Pilot Alpin 5* when its cold). I know the interior will bother some people for reasons they should probably seek therapy for. I don't care. This car is blue, black, and carbon whenever possible.
Looks awesome, congrats! Almost there!
Appreciate 1
evilalien447.50
      01-12-2022, 08:40 AM   #13
ct335i
BMW 4 LIFE
ct335i's Avatar
Canada
120
Rep
467
Posts

Drives: MY22 M3xDrive
Join Date: Jun 2007
Location: Toronto

iTrader: (0)

Garage List
2022 BMW M3  [0.00]
Quote:
Originally Posted by evilalien View Post
Getting close… the M3Cx is 1-2 weeks away, on a train.

I posted this over in the F22 Canada forum, but thought I'd seek some more diverse opinions:

I am selling or trading in my Estoril blue F22 (MY17 M240i xDrive), and got a disappointing trade-in quote. My car is in great shape, some MPerf parts (front splitter, rear spoiler, side sills), BMW OEM summer and winter wheel/tire sets. A bit over 53k KMs.

Anyone have insight into current value in Canada?
Sorry my response is in late. Been inactive over holidays . Hope you got a good deal on your F22 man and more importantly enjoying the G80 after the long wait

Hope to help others with similar inquiry
I had F30 340xi with options (Enhanced prem, M-Prer lip, sport M Perf I & II) with low (20k) KMs on lease. Car was in prefect condition.

I did research online like auto trader and black book, value was higher than my lease buy back. So I took the risk and bought the car around a month before my G80 arrived. Sold it on the auction (my bro is a dealer). Made a profit around $8G. I even listed on FB market place and had lots of buyer interested.. Auction was easier so sold it there.

Hope this helps.
__________________
2022 BMW M3 xDrive | Isle Man of Green | 19inch/20inch M Forged Wheels, Double-Spoke 825M, Orbit Grey | Ultimate Package
Appreciate 1
evilalien447.50
      01-12-2022, 08:52 AM   #14
ct335i
BMW 4 LIFE
ct335i's Avatar
Canada
120
Rep
467
Posts

Drives: MY22 M3xDrive
Join Date: Jun 2007
Location: Toronto

iTrader: (0)

Garage List
2022 BMW M3  [0.00]
Quote:
Originally Posted by evilalien View Post
I've decided to share the teaser photos my dealership sent me, and will use a new thread for official delivery and first impressions.

Without further ado, I present my pre-inspection M3 Competition xDrive in Santorini blue paint with the Fjord blue/black interior, rolling on black 826M wrapped in Michelin PS4S* tires in the warm months (black 829M wrapped in Michelin Pilot Alpin 5* when its cold). I know the interior will bother some people for reasons they should probably seek therapy for. I don't care. This car is blue, black, and carbon whenever possible.
Congrats.. well worth wait! Enjoy!
__________________
2022 BMW M3 xDrive | Isle Man of Green | 19inch/20inch M Forged Wheels, Double-Spoke 825M, Orbit Grey | Ultimate Package
Appreciate 1
evilalien447.50
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:24 AM.




g80
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST