P/ex value to swap for an identical car.....??
Discussion
I've spotted an identical car to mine in a BMW dealer in Scotland. As I'm trying to buy another house I'm being careful with spending on capital purchases and thought it could be a good way to virtually 'clock' mine and have a lower mileage car I can keep running for many more years.
Mine is a 2012 X3 35d in Carbon black with a boat load of extras - it's done 78k miles.
The one in the Scottish dealer is a 2012 X3 35d in Carbon black with a boat load of extras (exactly the same extras as mine) - it's done 36k miles.
The cars are identical except for the mileage - even down to the registration - both start YG62 V**
After a chat with the dealer they want £8,500 plus mine to do the deal........
A bit later, OK, not long after considering their offer
I've decided not to do the swap..... 
Mine is a 2012 X3 35d in Carbon black with a boat load of extras - it's done 78k miles.
The one in the Scottish dealer is a 2012 X3 35d in Carbon black with a boat load of extras (exactly the same extras as mine) - it's done 36k miles.
The cars are identical except for the mileage - even down to the registration - both start YG62 V**
After a chat with the dealer they want £8,500 plus mine to do the deal........
A bit later, OK, not long after considering their offer
I've decided not to do the swap..... 
cuprabob said:
You also have to remember one price is retail and one price is trade.
Yes I know that, but 5 grand Toltec said:
What is the difference between the retail and trade in value for your existing X3?
There's a 61(mine's a 62) with 100k miles which is on a forecourt at £1400 more than the trade value of mine, so I'd guess somewhere between £1700-£2200 for a main dealer.Looking at the spread of prices on Autotrader, it's the classic second hand car issue; mileage. As soon as you go over the 10k per year mark the value drops.
Ranger 6 said:
There's a 61(mine's a 62) with 100k miles which is on a forecourt at £1400 more than the trade value of mine, so I'd guess somewhere between £1700-£2200 for a main dealer.
Looking at the spread of prices on Autotrader, it's the classic second hand car issue; mileage. As soon as you go over the 10k per year mark the value drops.
I'd guess the 61 would be £1700 less on mileage and at least £2000 on the extra year, add in the £1400 and you get more like a £5k trade to retail on your car. That ties in with £8.5k to change given the lower mileage.Looking at the spread of prices on Autotrader, it's the classic second hand car issue; mileage. As soon as you go over the 10k per year mark the value drops.
Ranger 6 said:
To ask for 60% of my cars value, simply to change into the same car is just a tad rich.
It's not the same car is it, or you'd not want to swap. It's a less desirable car that is possibly outside of their stocking policy - so they give up a car thats retailable and take, in part exchange, one they need to get underwritten or punt to auction.Fox- said:
It's not the same car is it, or you'd not want to swap. It's a less desirable car that is possibly outside of their stocking policy - so they give up a car thats retailable and take, in part exchange, one they need to get underwritten or punt to auction.
this comment made sense, the highest 35d I could find on Approved Used search was 61k miles, next one 54k. The 61k miler was listed at £21k hence yours, if retailed, would surely have to list/sell for a fair chunk less than that.
However, I was told a couple of years ago by Rybrook Worcester that high mileage cars, even if in every other way attractive such as high spec , need serious consideration before retailed as Approved Used. Salesman quoted high as 80k (mines was 83k I think) and he said that BMW UK do check and don't like high milers unless cars are rare. Yours at 78k would be the highest miler by some distance on a list of 51 X35ds so probably not that attractive to retail and quite likely to be traded or auctioned. Therefore, the p/ex price (I presume somewhere around £14,500) as mean as it may seem, may simply reflect that.
Mr Whippy said:
BMW in huge price spread shocker!
On a £28,000 retail car they’ll buy it in around £23,000 or so.
But no one wants to buy/sell privately at these prices any more so they can command these huge spreads.
To be fair I don't think it is just BMW main dealers - the same applies to any trader! On a £28,000 retail car they’ll buy it in around £23,000 or so.
But no one wants to buy/sell privately at these prices any more so they can command these huge spreads.
They are all businesses, not charities.
And to be fair a car on 78K isn't exactly identical to one on 36K, even if the plate is similar!
If you were buying, which one would you want?
Edited by Mr Tidy on Tuesday 12th June 23:41
Mr Tidy said:
To be fair I don't think it is just BMW main dealers - the same applies to any trader!
They are all businesses, not charities.
And to be fair a car on 78K isn't exactly identical to one on 36K, even if the plate is similar!
If you were buying, which one would you want?
My car is on 103K and I bought it at 93K so if the price was right...They are all businesses, not charities.
And to be fair a car on 78K isn't exactly identical to one on 36K, even if the plate is similar!
If you were buying, which one would you want?
Edited by Mr Tidy on Tuesday 12th June 23:41
Smuler said:
....high mileage cars, even if in every other way attractive such as high spec , need serious consideration before retailed as Approved Used. Salesman quoted high as 80k (mines was 83k I think) and he said that BMW UK do check and don't like high milers unless cars are rare.
30d X5s aren't exactly rare - this one is retailing with 90k miles on it.https://usedcars.bmw.co.uk/vehicle/201805246841887...
Ultimately I knew there'd be a price to pay - I was simply surprised at the size of their quote.
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