What to do... - BMW Forum

college_cars · 03-25-2004, 05:18 PM

Hey Guys!
I've run into a small situation and was wanting some advice. Well...as you can see in the background of my signature, I have my Porsche that I have babied since day 1. I bought the car new, even special ordered it with all the toys. The car is equipped with a manual transmission, HI-FI Sound, Speedsterhumps, Litronic/xenon headlamps, 18" Turbo wheels w/painted crest, Titanium door sills with 14K Jewel Porsche emblems in each one, automatic rear spoiler that reads "PORSCHE" in chrome, keyless/alarm, and deviated carpet. Here's the deal. The car is a 2000 model, warranty has just expired because of time, yet the car has only 15k miles on it.
The car has NEVER had a single scratch, dent, or imperfection anywhere...I swear I clean it with an air can and Q-tip! I have been to numerous dealerships looking to trade it in for possibly a newer one...but dealerships only want to give me a measly $26,500.00 for it! I paid $50,000.00. IF I did get another one...I would want the exact color combo...which there isn't much different in this one and the new ones. The car even won 2001 Hooters Show Car of the year. I absolutly LOVE the car and there is NOT ONE problem with it.
QUESTION: Should I sell the car before it gets even older? Or, just hang on to this one? I feel that I'm in the "Keep it...or sell it" stage. What do you guys think?
By the way...my BMW is approaching 60k...still lovin every minute of it!

I've found a photo!

Mach 5 · 03-25-2004, 05:53 PM

It sounds like you want to keep it and that your only motivation for selling it is that it is going out of warranty. If the car is not giving you problems and you like it why get rid of it. If you do decide to sell it you will do better selling it privately. The dealer will give you squat on trade-in. I say hang on to it as it will not drastically depreciate over the next few years when the new Boxster comes out with a coupe option.
Ben

///M Power · 03-25-2004, 10:14 PM

Ohhhh the dillemas that face out college children these days. lol

college_cars · 03-26-2004, 05:08 PM

Hey...I'm about to graduate from college...

leibniz · 03-26-2004, 08:52 PM

I second the idea of either selling it privately or not at all.

If a car dealership offers you 26k for it, that means they will probably turn around and sell it for at least 35k, maybe more.

I have a mint 1995 Mustang GT (for sale, btw) and the BMW dealership here offered me 7k on trade in. F&*k that. I'm asking 15k, I'll settle for 14.

Same idea; the dealership isn't your friend on trade in.

Michael@EuroPersona · 03-26-2004, 11:25 PM

Sell it, I ran into the same problem.

Remember in the next year or 2 the value is just going to drop, So unless you dont mind losing a little more money.. get rid of it while you can.