The Unofficial BMW M5 Messageboard (m5board.com) - View Single Post - Trade-in-Value for '08 M5 sucks!!!!!!

kcdude · 28th August 2008, 17:05

Last time I checked, auction prices for above average units were in the low 70's. I am considering the same trade on a 07 CPO 997TT or a 08/09 C2S. I was offered $60-65k for a 6sp 08' M5 with 3k miles with a MSPR of around $94k.

I looked at it this way:

When I bought my M5, I also shopped the C2S which was a MSRP-$2k deal. Now you can get the same car for MSRP-$10k. So that $96K car is $86K OTD. So if you traded the M5 for a C2S then you have $21k after trade + 1500 in sales tax= $22.5K out of pocket.

Keep in mind a M5 $65K trade is like $70k private sale in my state because of the sales tax offset. So with private sale at $72k, the C2S is $14k+$6k sales tax=$20K. So for $2.5K I get to unload the car versus trying to find a private buyer that will pay closer to the highest end of the auction prices for a 6sp car.

A CPOd 997TT may not make sense given current price levels of TT cars....still tough to justify considering it would be about $50k+M5 trade for a used 997 TT. I can keep the M5, let it depreciate to nothing and still have the $50k in my pocket.

The reality is that if $65k is offensive, I would drive it and forget the TT

28th August 2008, 17:05	#2 (permalink)
kcdude Member, Sport: Off DSC: On (>50 posts) Join Date: Jul 2007 Location: Kansas City Posts: 58 Thanks: 0 Thanked 3 Times in 3 Posts	Last time I checked, auction prices for above average units were in the low 70's. I am considering the same trade on a 07 CPO 997TT or a 08/09 C2S. I was offered $60-65k for a 6sp 08' M5 with 3k miles with a MSPR of around $94k. I looked at it this way: When I bought my M5, I also shopped the C2S which was a MSRP-$2k deal. Now you can get the same car for MSRP-$10k. So that $96K car is $86K OTD. So if you traded the M5 for a C2S then you have $21k after trade + 1500 in sales tax= $22.5K out of pocket. Keep in mind a M5 $65K trade is like $70k private sale in my state because of the sales tax offset. So with private sale at $72k, the C2S is $14k+$6k sales tax=$20K. So for $2.5K I get to unload the car versus trying to find a private buyer that will pay closer to the highest end of the auction prices for a 6sp car. A CPOd 997TT may not make sense given current price levels of TT cars....still tough to justify considering it would be about $50k+M5 trade for a used 997 TT. I can keep the M5, let it depreciate to nothing and still have the $50k in my pocket. The reality is that if $65k is offensive, I would drive it and forget the TT __________________ 2008 M5-Silverstone/Black/Alum/6sp CA, SC Doors, M-function, Rear shades, fold down seats, Ipod/Enhanced Sound Last edited by kcdude; 28th August 2008 at 17:15.