How Accurate Are Online Consumer-Based Used Car Appraisal Sites?

[Kief]

Originally Posted by HELLOimJ

Yah I was waffling, ended up buying the x5 due to size this week. Plus the deal was too good to pass.

Yeah, I think you will be more comfortable in the X5. Congrats!

[Frank_NJ]

Originally Posted by HELLOimJ

Yah I was waffling, ended up buying the x5 due to size this week. Plus the deal was too good to pass.

congrats! I agree the deals right now are too good to pass up.

[marlin2911]

Originally Posted by P1et

Sounds about right. There's quite a few '15 M Sports for sale in the $32K-$34K range with low miles. BMWs plummet in value so quickly, it's easy to pick up bargains when they start coming off lease.

Any chance you can point me in the direction of one of those??

Wife and I are looking for a pre-owned 2015 X5, ideally with MSport (but I'd settle with xLine). Been trying to work with my SA to find the car I want but feel like I'm getting no where and would love to be able to have something to bring to the table.

[P1]

Originally Posted by marlin2911

Any chance you can point me in the direction of one of those??

Wife and I are looking for a pre-owned 2015 X5, ideally with MSport (but I'd settle with xLine). Been trying to work with my SA to find the car I want but feel like I'm getting no where and would love to be able to have something to bring to the table.

Cruise around cars.com and you'll find them.

[Jaymax85]

Originally Posted by P1et

Cruise around cars.com and you'll find them.

I think lower mileage .. 50k or under with clean carfax are still in the upper 30s low 40s. Especially led cars with premium etc

[ijaz429]

Are you saying you got $38k for a car that kbb/Edmunds said trade in value was around $33k? That's amazing. What dealership?

[marlin2911]

Originally Posted by P1et

Cruise around cars.com and you'll find them.

Not to sound like an ass, but I've done the simple homework like that. Maybe it's regional, but in the NE (PA, NJ, NY), you're not finding an M-sport with less than 40k for under $40k, more if it's certified.

I was really looking to see what they go for at auction, as that's what I'm trying to work with my SA on - I don't care if it takes me a month to find, but I want to know what he's seeing on his end so I can negotiate the deal.

[Kief]

Originally Posted by ijaz429

Are you saying you got $38k for a car that kbb/Edmunds said trade in value was around $33k? That's amazing. What dealership?

Yes
BMW Lancaster

[Jaymax85]

Originally Posted by marlin2911

Not to sound like an ass, but I've done the simple homework like that. Maybe it's regional, but in the NE (PA, NJ, NY), you're not finding an M-sport with less than 40k for under $40k, more if it's certified.

I was really looking to see what they go for at auction, as that's what I'm trying to work with my SA on - I don't care if it takes me a month to find, but I want to know what he's seeing on his end so I can negotiate the deal.

That's correct, I was super lucky to find my car for 37.. 42k Miles M sport led, premium, cold, leather dash

[P1]

Originally Posted by marlin2911

Not to sound like an ass, but I've done the simple homework like that. Maybe it's regional, but in the NE (PA, NJ, NY), you're not finding an M-sport with less than 40k for under $40k, more if it's certified.

I was really looking to see what they go for at auction, as that's what I'm trying to work with my SA on - I don't care if it takes me a month to find, but I want to know what he's seeing on his end so I can negotiate the deal.

I looked nationwide for my X5, as I wanted specific option and wasn't bothered about shipping the vehicle.

Here are some quick examples:

2015 BMW X5 xDrive35d 55,866 miles - $31,997

2015 BMW X5 sDrive35i 56,844 miles - $32,950

2015 BMW X5 sDrive35i 51,912 miles - $33,484

2015 BMW X5 xDrive35i 29,873 miles - $34,000

2015 BMW X5 xDrive35i 36,031 miles - $34,250

2015 BMW X5 xDrive35i 33,779 miles - $34,995

Certified 2015 BMW X5 sDrive35i 41,186 miles - $35,905

[wordsworth03]

Originally Posted by P1et

I looked nationwide for my X5, as I wanted specific option and wasn't bothered about shipping the vehicle.

Here are some quick examples:

2015 BMW X5 xDrive35d 55,866 miles - $31,997

2015 BMW X5 sDrive35i 56,844 miles - $32,950

2015 BMW X5 sDrive35i 51,912 miles - $33,484

2015 BMW X5 xDrive35i 29,873 miles - $34,000

2015 BMW X5 xDrive35i 36,031 miles - $34,250

2015 BMW X5 xDrive35i 33,779 miles - $34,995

Certified 2015 BMW X5 sDrive35i 41,186 miles - $35,905

Did you fly out to look at the car? I’ve heard many horror stories of people buying even CPO cars sight unseen.

[P1]

Originally Posted by wordsworth03

Did you fly out to look at the car? I’ve heard many horror stories of people buying even CPO cars sight unseen.

I did not. But I did pay a forum member to go and check the car out for me prior to me buying it. Arrived at my doorstop without any surprises.

[Kief]

Originally Posted by wordsworth03

Did you fly out to look at the car? I’ve heard many horror stories of people buying even CPO cars sight unseen.

Never used them, but my CA recently sold a car to a guy out of state who used them and was impressed with their work. The guy ultimately bought the car.

http://lemonsquad.com/used-car-inspections/expert

[wordsworth03]

Originally Posted by P1et

I did not. But I did pay a forum member to go and check the car out for me prior to me buying it. Arrived at my doorstop without any surprises.

Ah, that's good thinking.

[RED_Y_]

This is all about demand and supply. I live in Tahoe and guess what- Subaru and Jeep are always about 10-25% overpriced compared even to the Bay Area, dealer or private party. If your car doesn't have 4WD or AWD- you are looking on big drop compared even to the KBB values. I lost my last car almost $4500 over the KBB private party value and both me and the new owner are happy with the price.Each specific car for each specific location is different. KBB and other web sites are giving you fair estimate but you can't judge just by the KBB value. Condition and maintenance records ,CPO plans and many other things to consider. When I was shopping for my 3.5D i've seen almost $10000 difference between the basic high mileage cars to the fully loaded 30K miles CPO once.