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Should I trade in my M3? [April 2022]
- Thread starter JSWE
- Start date
Desiberius
Member
If you have a secondary car and you won't be left stranded if you sell tomorrow then I would 100% sell right now. As DayTrippin say, you get a new warranty, with not only that but also a brand new car to go along with it. Main thing right now is wait time, production should be ramping up in the upcoming months with Giga Texas but it's too early for that I believe I ordered my M3P on 3/22 and my delivery date is still May 28 - July 02
lUtriaNt
Member
i sold my 3/2020 3p with 20k miles on it for 55k, which is 4k more than i paid for it in 2020. i got a 2/2020 3p BECAUSE of the updates and accoutrements that came out after my build month. i had no car but i did have vacation time so i took off basically a month (i have a lot of time because i worked as normal during covid and couldn't do personal travel). for date nights i got an uber/lyft. i got my car in about 3.5 weeks.
JimShaw
Member
In Dec. of last year, I sold my 2019 SR (not the Plus) for $43,000 which I had purchased for $35,000 less $3,500 back from Calif and So. Cal. Edison making the cost $31,500.00
I also sold my wife's Smart Car for $2,500 more than I purchased originally.
With the cash from both sold cars, I purchased a 2022 M3 Performance which I LOVE.
I also sold my wife's Smart Car for $2,500 more than I purchased originally.
With the cash from both sold cars, I purchased a 2022 M3 Performance which I LOVE.
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Have you taken sales tax into consideration? If so, for $9k you get:
- 3 years of warranty
- Whatever hardware improvements were in made in 3 years
- No wear and tear from the 26k miles of driving
- The new car feel
- Possibly different interior and exterior colors
I think it's worth it.
- 3 years of warranty
- Whatever hardware improvements were in made in 3 years
- No wear and tear from the 26k miles of driving
- The new car feel
- Possibly different interior and exterior colors
I think it's worth it.
Sunshine State
Automotive Enthusiast
Boy times change quickly, I was just looking back at old posts and saw this. Amazing how much Tesla would give for this car back then. For comparison I just submitted our few month old ‘22 LR 3 and Tesla only offers $35k for it. Back in 2020 I traded in our immaculate red/white 2019 Performance 3 with 4,000 miles and they gave us $42k
You pretty much have to do a private sale if you want a decent price. Most of the used car companies have way too much inventory they paid way too much for. They don't want your car unless you are willing to give it away. Tesla and Vroom's offers I just got were a joke.
Sunshine State
Automotive Enthusiast
I don’t think private sales should be as high anymore unless you find a naïve buyer to purchase above market value that doesn’t follow the market close enough. People still ask high numbers for private sales but either take much less eventually or the car will just sit for sale for a long time because Tesla has loads of used inventory that the add warranty to along with FSD for less money than most private sales.
So KBB private sale values do not currently look like BS to me based on what I have seen for similar cars at used car dealers. I also checked Edmunds, which was even higher. The used car market is very strange right now with used car dealers still asking way too much in an attempt to not lose money on vehicles they bought over the summer and early fall.
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