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Would it be better to trade in a high mileage BMW 325I that is not running too well or to sell it and use the money as a downpayment on a new car?


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2008-11-05 16:14:51
2008-11-05 16:14:51

When you trade in a car, you're selling it - to the dealer. Selling the same car privately will ALWAYS generate more money for the seller than a trade in, but it's also more work. In a trade-in, a dealership offers less in order to make money when they sell it. They know that, to many people, the time savings and reduced hassle are worth more than the extra money they could get if they sold their car privately. Go to www.kbb.com (Kelly Blue Book) or www.nada.com (The Blue Book that banks usually use) to get the market value of a sell. As to which is better for you - more money, or more time and less hassle - that's a personal decision that only you can make once you have both the Blue Book value and the dealer's offer in front of you. (By the way, this is true of all cars, not just bimmers.)

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