R56 :: Hatch Talk (2007+) MINI Cooper and Cooper S (R56) hatchback discussion.
Sponsored by:
Sponsored by:

R56 How lowball is this trade in offer?

Thread Tools
 
Search this Thread
 
  #1  
Old 02-05-2014, 02:01 PM
TheBigNewt's Avatar
TheBigNewt
TheBigNewt is offline
OVERDRIVE
Thread Starter
Join Date: Mar 2007
Location: Arizona
Posts: 5,603
Received 103 Likes on 82 Posts
How lowball is this trade in offer?

2007 MCS (see my sig), with 68K, very good shake. A few door dings need fixing (no paint), rear brakes (did the fronts), interior great. The dealership said without seeing it (he sold it to me so they know how it's configured) said $6k. Claimed they "spend" 2-3k reconditioning the car and have to make a profit. Anyone trade their 2007 MCS and if so what did you get? I'd take $8k but not 6. Thanks.
 
  #2  
Old 02-05-2014, 02:11 PM
son-of-mini's Avatar
son-of-mini
son-of-mini is offline
3rd Gear
Join Date: Mar 2009
Location: Rhode island
Posts: 177
Received 1 Like on 1 Post
2-3k to recondition a car? They are paying too much. Lol. They would give you 5 for it if they could manage to get you to accept it. Obviously, if you can sell it on your own, you should be able to get more. Car dealers are not your friend, they are all business, as I am sure you are aware. Good luck. Let us know how things turn out.
 
  #3  
Old 02-05-2014, 02:37 PM
whaap's Avatar
whaap
whaap is offline
5th Gear
Join Date: Jan 2014
Location: Tucson, Arizona
Posts: 831
Likes: 0
Received 7 Likes on 6 Posts
I've used Kelly Blue Book to get a fairly close idea of the value of my trade-ins.
 
  #4  
Old 02-05-2014, 02:46 PM
aldito2's Avatar
aldito2
aldito2 is offline
3rd Gear
Join Date: Feb 2013
Location: NJ
Posts: 231
Likes: 0
Received 0 Likes on 0 Posts
get a one day subscription of Galves. Galves is what the dealers use to price cars. Galves will write you a check for what they say (as their guarantee)... print out the galves sheet and take it to the dealer... then watch the sales guy's face go from giddy to omg this guy knows what he's doing. good luck
 
  #5  
Old 02-05-2014, 02:53 PM
Capt_bj's Avatar
Capt_bj
Capt_bj is offline
OVERDRIVE
Join Date: Jul 2006
Location: Melbourne, FL
Posts: 7,040
Received 281 Likes on 237 Posts
In Oct I got $10k in trade for my BRG/W 2007S with English Oak interior, Tusc' leather, prem' pkg, 16" sidewinders with crap tires (dealer replaced b4 they advertised the car) 58,000 miles

that was near KBB and NOT a MINI dealer. I'd been trying to sell it myself for 2 months @ $12k and had a buyer but with a cash flow issue ... that's the problem with selling yourself. Have you the time to invest? I'm not a patient guy ... I wanted to move on so a trade is fast and easy.

***********
but as I've said b4 many times..... a used car is worth exactly what you can find a buyer willing to pay and not one penny more. If you want to sell that car NOW, you know what it is worth and do not have any regrets. Think you might get more by waiting? Then wait.

*****************

Dealers buy low and sell high .... no secrets there.

*******************

VERY happy with my 2014 Focus ST . . . when the turbo kicks in, hold on .... and it sticks to the curves as well as my MINI 07 .... but I still have my Mini 79 for old school experiences
 
  #6  
Old 02-05-2014, 02:58 PM
ZippyNH's Avatar
ZippyNH
ZippyNH is offline
6th Gear
iTrader: (1)
Join Date: Sep 2009
Location: Southern NH
Posts: 12,605
Likes: 0
Received 32 Likes on 32 Posts
Glad to hear you are happy CaptBJ!!
Sometimes the underdog cars that folks don't expect much from are the best hidden gems...
I remember back when that was the case with mini's!!
 
  #7  
Old 02-05-2014, 03:04 PM
RockAZ's Avatar
RockAZ
RockAZ is offline
4th Gear
Join Date: Jun 2013
Location: Tucson
Posts: 546
Received 4 Likes on 4 Posts
Originally Posted by TheBigNewt
2007 MCS (see my sig), with 68K, very good shake. A few door dings need fixing (no paint), rear brakes (did the fronts), interior great. The dealership said without seeing it (he sold it to me so they know how it's configured) said $6k. Claimed they "spend" 2-3k reconditioning the car and have to make a profit. Anyone trade their 2007 MCS and if so what did you get? I'd take $8k but not 6. Thanks.
$10k, but really what are you trading in for? Let the numbers evolve, why do you care what they carry it on their books for if you get your price for the new one? Every penny less than $10k on the trade in should come off the purchase price for whatever you are getting and be prepared to wait them out.
 
  #8  
Old 02-05-2014, 03:44 PM
zrickety's Avatar
zrickety
zrickety is offline
4th Gear
Join Date: Dec 2013
Location: USA
Posts: 553
Received 26 Likes on 23 Posts
6 is definitely low. Tell them 8k and see what they say, it's low miles.
 
  #9  
Old 02-12-2014, 08:11 AM
TheBigNewt's Avatar
TheBigNewt
TheBigNewt is offline
OVERDRIVE
Thread Starter
Join Date: Mar 2007
Location: Arizona
Posts: 5,603
Received 103 Likes on 82 Posts
Originally Posted by zrickety
6 is definitely low. Tell them 8k and see what they say, it's low miles.
He upped it to $8k, and did $1k off the sticker price of the JCW Couple, $36k out the door including tax/license. That's not horrible. I may do it if my building sells this week. I'm back and forth between the JCW Couple and waiting to drive the F56 in a few months. A super loaded F56 would be $3.6k cheaper, but it wouldn't look nearly as cool as the JCW Coupe with Recaros.
 
  #10  
Old 02-12-2014, 08:28 AM
Grizld700's Avatar
Grizld700
Grizld700 is offline
6th Gear
iTrader: (1)
Join Date: Apr 2010
Location: E. Iowa
Posts: 2,474
Received 5 Likes on 5 Posts
Personally I'd wait it out and drive the F56. You won't know for sure if its the right thing to do or not until you see and drive the F56 for yourself. Besides they're still manufacturing the coupes right now so it's not like they'll be gone in a couple months time. If its numb, boring, ugly, or whatever, then you'll know the coupe is the way to go. If the F56 blows your socks off, then the same can be said about it and get the F56.
 
  #11  
Old 02-12-2014, 09:20 AM
vetsvette's Avatar
vetsvette
vetsvette is offline
Moderator
iTrader: (5)
Join Date: Oct 2013
Location: South Central Virginia
Posts: 3,896
Received 450 Likes on 343 Posts
Originally Posted by TheBigNewt
He upped it to $8k, and did $1k off the sticker price of the JCW Couple, $36k out the door including tax/license. That's not horrible. I may do it if my building sells this week. I'm back and forth between the JCW Couple and waiting to drive the F56 in a few months. A super loaded F56 would be $3.6k cheaper, but it wouldn't look nearly as cool as the JCW Coupe with Recaros.
Tell him you're interested, but have somewhere to be and walk away. I would bet that you hear from him in a week with a better deal. The only reason you won't is if someone else is looking at the car and he thinks he can get more out of them. This has worked for me on several occasions.
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Waszak
MINI Parts for Sale
10
10-21-2017 05:55 PM
donniedarko
Drivetrain (Cooper S)
8
10-21-2015 01:15 PM
OutMotoring
Drivetrain (Cooper S)
5
09-08-2015 06:27 AM
Mini Mania
Drivetrain Products
0
09-04-2015 09:23 AM



Quick Reply: R56 How lowball is this trade in offer?



All times are GMT -7. The time now is 03:31 AM.