Quote:
Originally Posted by McLovin
lol, he was all over it within 5 minutes. amazing.
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I'm always happy to amaze you. Thanks.
Expanding on what Steve Carlton said, the auction data on a 2006 BMW 750i with 44K miles suggests they've gone for $24-26K. It makes sense that they are asking $29K. The same data source on a 2004 GX470 with 74K is $17,200-19,000. In both vehicles there are recent sales for much more than that, proving that exceptional cars will break the bank.
So let's say $25K for the 750, and $18K for the GX. $7K is the auction delta. But they've already made investments in the BMW to make it ready for resale, where your GX still needs to be sorted. So make it $8K wholesale to wholesale. They'll want to make $1500, minimum, so that puts a logical trade difference at $9000-9500. Nostatic is right, I don't think they'll go under $8K.
Wait a couple months and you'll see dealers avoiding large, prior generation, V8 SUVs like the plague.