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I went to Carmax since they offer a higher trade in value than almost any dealer around due to their volume of sales. However, I called BMW financial and asked for their advise on the best route to trade in my 2000 540 for my upcoming '02 M5.
What they did was give me a "black book" value which surprisingly was higher, about $3,000, than Carmax's or any other offers I received. According to BMW, it is still up to the dealer to do a final inspection of the car before they accept the "black book" price.
I'll be turning in my 540 to the dealership when my M5 arrives hopefully mid Dec.
Good luck.
Paul
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PMA
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