Need help setting sale price (M4)...

[Joz132]

So, I took delivery on 8/4, have 1800 miles, and I'm gong to sell/trade the M4.

Long story short - I traded my 2010 ZR1 on a new 2015 M4. Unfortunately, I've never been able to establish an emotional connection to the BMW. For this reason, I'm trading/selling the M4 for a new Jaguar F-Type R.

Here are the specifics:
AY w/Black Leather
1800 miles
Break-in Service complete
Options:
Austin Yellow Metallic
Black Full Merino Leather
Exec Pkg
Lighting Pkg
DCT
Adaptive Suspension
19" Blk Wheels
Harmon Kardon Surround

Also has:
IND black grille surrounds, black side markers, black M4 badge & 35% tint

Car is currently in a heated, climate controlled storage facility in the NW suburbs of Chicago.

Please let me know what you think a fair asking price would be for an outright sale.

Thanks in advance.

[solstice]

$10k off msrp is a reasonable starting point.

[Joz132]

Originally Posted by solstice

$10k off msrp is a reasonable starting point.

Thank you - I thought $70k firm was a good number.

Surprisingly, the few dealers I've visited have been rather generous in their trade in quotes (I do realize that the selling price of the Jag factors in)

[Vigilant]

Looks to be in excellent condition...your trade in will probably get you closer to $62,000 to $65,000 (black book trade in)...the dealer will definitely be able to sell it for >70 and make a sizeable profit. Make sure you fetch a good deal on the other car, otherwise they will be screwing you big time.

[///M///]

The MSRP for your car is around $80,125. ED Invoice for your car will be right around 69k and US invoice about 74.5k. You have to remember that being within 8-10% of the price of a new car, it can get very tempting for a new buyer to go with a new car vs used especially because the finance rates are a lot better for a new car and the payment might work out the same for say a 70k vs a 75k car just based off the difference in the rate.

That said, I think asking 71k is a good starting point. The depreciation really sux but that is the trade off to sell a new car early. The options don't help either.

Good luck.

[Tony007]

Originally Posted by Joz132

Long story short - I traded my 2010 ZR1 on a new 2015 M4.

That's exactly what I traded in for an M4.

It's just that mine won't be here til the end of the month.