I’ve been approached by BMW dealers to buy my car 5 months before the lease ends. Have any of you gotten deals from them greater than the payoff (considering they are the dealer I got the car from) ?
Performing a search will answer your question. There must be literally hundreds of posts about this.
What do you mean “approached”?
I get these emails about every two weeks.
btw, dealer is in Virginia and I’m in Ohio. They registered my vehicle in Ohio for me.. It’s spam.
My name is Amanda and I am the Client Experience Manager here at Lithia’s Sterling BMW Mini and Exotics.
My Used Car Director asked me to reach out to you today because here at Lithia’s Sterling BMW Mini and Exotics we are running our 2021 Summer Buy Back Event for the next 3 days! We need your car, and we would LOVE to overpay you for it!
Due to the nature of the market right now, we are in a unique situation where we can OVERPAY you for your vehicle. The value of pre-owned cars are at a historic high, but we do not anticipate that to go on for much longer. We would like to strike while the iron is hot and your vehicle is worth the most, and while we are in need of inventory!
Your car is a perfect fit for our used inventory and we want to buy it from you and cut you a check!
I’d love to set you up for an appointment to meet with our VIP manager and make sure you get the MAXIMUM dollar amount for your vehicle! When can we meet? Is today good, or tomorrow better?
It’s not spam. Lol
I know the person
Yes, they have.
But that’s not particularly relevant.
What is the offer on the table? What’s the value they’re putting on the car and what have others offered? What’s the payoff?
Then to answer your question, yes, countless members have sold their cars to dealers for more than their payoff. Seemingly every other post over the past year has been about this.
You have nothing to lose (other than your time) in seeing how much this dealer is offering and how much positive equity you potentially could cash out.
But do your homework. Get multiple offers, understand your payoff and any tax implications, etc.
i mean she’s not lying. they did overpay for my i8 and it’s still sitting there 5 months later, while MMR on it fell by over $7k. give her another shot to overpay.
Ok closed the deal. 32k was the payoff and they quoted 35k.
How much did the other dealers offer you?
I was describing the email I received as spam.
One of them lowballed me for 30k, the second one was 33k and this guy pretty much matched carmax at 35k
Glad to hear you got multiple offers.