{"id":37684,"date":"2020-08-04T06:00:29","date_gmt":"2020-08-03T21:00:29","guid":{"rendered":"https:\/\/www.panamera-life.com\/?p=37684"},"modified":"2021-07-28T21:08:54","modified_gmt":"2021-07-28T12:08:54","slug":"sell-bmw320i","status":"publish","type":"post","link":"https:\/\/www.panamera-life.com\/en\/entry\/sell-bmw320i\/","title":{"rendered":"Over 1 Million Yen Difference When Getting Simultaneous Trade-In Quotes from Multiple Dealers for My BMW!"},"content":{"rendered":"

Finally, Selling Our BMW 320i<\/h3>\n

The other day, we finally said goodbye to our beloved BMW 320i (F30). I briefly mentioned it in a previous article<\/a>, but this time we decided to use an online simultaneous trade-in appraisal service. Also, my husband, who is experienced in these matters, handled all the negotiations, while I observed and learned from the sidelines.<\/p>\n

By the way, I want to make it clear from the start that this article is not an advertisement or a sponsored post for any car trade-in appraisal site<\/strong>.<\/p>\n

Why We Chose Simultaneous Appraisals at the Same Time<\/h3>\n

We chose simultaneous appraisals because my husband said, “When I sold my previous car this way, it went really well<\/strong>.” He explained his reasoning like this:<\/p>\n

From past experience, once you bring your car to a dealer, they really push hard and try to make you sell it there, making it hard to leave.
\nThe same goes for home visits; the first dealer to arrive is very persistent and pushy, and before you know it, you get mentally exhausted.<\/strong>
\nSo I wanted to avoid any negotiation altogether<\/strong>. No hard feelings, just one shot. The only way to do that is through simultaneous appraisal, so for me, there was no other option.<\/p>\n

That made sense\u2014dealers do have a reputation for being aggressive. I feel like I\u2019d probably get pressured into a bad deal if it were me.<\/p>\n

Selling via Simultaneous Trade-In Appraisal<\/h3>\n

Now, let me share how the sale went using the simultaneous trade-in appraisal service, based on our experience.<\/p>\n

\u2460 Apply for an Online Simultaneous Trade-In Appraisal Service<\/h4>\n

Previously, we used Rakuten\u2019s appraisal service, but this time we applied through Car Sensor\u2019s Easy Online Car Appraisal<\/a>.<\/p>\n

In the past, most trade-in services had a free comment box when applying<\/strong>, but recently many have removed it. Car Sensor\u2019s form still allowed some comments, so we chose them.<\/p>\n

My husband wrote this in the comment box: <\/p>\n

Please have all dealers come simultaneously on [Year] [Month] [Day] at [Time] for a live bidding format to decide the buyer on the spot. Only dealers who agree to these conditions, please contact us.<\/p>\n

The key points were specifying the date and time<\/strong> and using a simultaneous appraisal<\/strong> format, so we could take control of the process.<\/p>\n

\"\"<\/p>\n

\u2461 Respond to Calls from Dealers<\/h4>\n

Right after applying online, calls started coming in within about five seconds. These initial calls were from large dealers\u2019 call centers, which handle many calls simultaneously.<\/p>\n

\"\"<\/p>\n

After a while, sales reps who received the call from the call center would call saying, “We can come right now if you want\u2026<\/strong>” (several calls like this came in this time too)<\/span>. We politely declined and reiterated that the appraisal would be done simultaneously at the specified time as stated in the comments.<\/p>\n

Local smaller dealers tended to call a few days after the application, not immediately.<\/p>\n

So it\u2019s better not to set the date too soon after applying. In our case, we set it for one week later (and chose a sunny day)<\/span>.<\/p>\n

\u2462 On the Day, Deal with Dealers Who Arrive Early<\/h4>\n

On the day, we started early by going to a nearby gas station to have the 320i\u2019s body and interior cleaned.<\/p>\n

\"\"<\/p>\n

A wash really made the car look amazing\u2014about 50% more stylish than usual.<\/p>\n

\"\"<\/p>\n

In the afternoon, about 20 minutes before the scheduled time, my husband went out to the parking lot with a mosquito coil and found about five dealers already waiting. Since there was still some time before the start, he waited until all dealers arrived. Eventually, all eight dealers showed up before the scheduled time, so we started right away.<\/p>\n

\"\"<\/p>\n

Everyone casually inspected the body, opened the hood, checked the interior, and started the engine. Honestly, I never expected as many as eight dealers to come. (I was hoping maybe two would show up.)<\/span><\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

While chatting with some of the sales reps, they said: <\/p>\n

There are still some old BMW manual cars around, but F30 manuals are rare, and a normal 3 Series that\u2019s not an M Sport is very unusual.<\/strong> Because it\u2019s rare and in good condition, we\u2019d really like to buy it.<\/p>\n

I see, that makes sense.<\/p>\n

Since all eight dealers came by car, their vehicles lined up around our house, which was a bit of a nuisance for neighbors\u2026 My husband said, “I didn\u2019t expect this many to show up. Maybe next time we should pick a large coin parking lot or a place with fewer people and cars.<\/strong>”<\/p>\n

\u2463 Set a Time Limit<\/h4>\n

After a while, my husband asked the dealers, “We\u2019d like to set a time limit. How long will it take to come up with your offer? Would 5 minutes be enough, or do you need more time?<\/strong>” and so on.<\/p>\n

If you don\u2019t set a deadline, the process can drag on and become hard to wrap up.<\/p>\n

For typical Japanese cars, dealers usually give an offer quickly, but since our 320i was a rare manual, some dealers said, “We might need a bit more time to come up with a price.<\/strong>”<\/p>\n

However, since “other dealers have appointments after this, we won\u2019t extend the time<\/strong>,” we set the limit to about 30 minutes after the inspection.<\/p>\n

\u2464 Have Dealers Write Their Offers on the Back of Their Business Cards and Reveal Them Simultaneously<\/h4>\n

In the end, even the dealers who said they might be late managed to submit their offers, so all eight dealers provided their prices.<\/p>\n

The method was to have them write their offer on the back of their business cards and hand them to my husband, then everyone revealed their offers at the same time.<\/p>\n

\"\"<\/p>\n

I won\u2019t disclose the actual amounts here, but the difference between the lowest and highest offer was an astonishing 1,033,000 yen!
\nWe asked the dealer with the highest offer to stay, thanked the others, and let them leave.<\/p>\n

\"\"

Business cards with offers written on the back. Company names and amounts are hidden for privacy.<\/p><\/div>\n

Results of Trying the Simultaneous Appraisal Method<\/h3>\n

If you\u2019re considering trading in your car for a new one at the same brand\u2019s dealer, that\u2019s probably the best way. But if you\u2019re switching to a different brand, trade-in offers tend to be low<\/strong> (when we switched from a Volkswagen Golf to the BMW 320i, the Golf\u2019s trade-in offer at BMW was quite low)<\/span>, so it might be worth trying simultaneous appraisals.<\/p>\n

What we learned from this experience is: <\/p>\n

Well-known, major nationwide dealers tend to offer very low prices<\/strong>, while local used car dealers tend to offer higher prices<\/strong>.<\/p>\n

In fact, the highest offer came from a local used car dealer, and all the higher offers were from local dealers.<\/p>\n

My husband said: <\/p>\n

From a business perspective, it makes sense that big dealers can\u2019t offer high prices<\/strong> because their costs are higher. Advertising expenses, labor costs, and facilities are all significant, so even if their commercials say \u201cWe buy cars at high prices,\u201d it\u2019s tough to deliver on that.
\nThis became very clear to me this time.
\nNext time I sell a car, I think I\u2019ll skip the big dealers and just invite a few local used car dealers who gave high offers this time.
\nAlso, this time we applied through Car Sensor\u2019s appraisal site, which attracted local dealers too\u2014nice. I think I\u2019ll use this site from now on.<\/p>\n

You really learn a lot by trying things out. After preparing the paperwork, the 320i was picked up two days later.<\/p>\n

\"\"<\/p>\n

Goodbye, 320i. I hope the next owner who loves manuals will cherish you.<\/p>\n

If you\u2019re thinking about selling your car, why not try the simultaneous appraisal method once?<\/p>\n","protected":false},"excerpt":{"rendered":"Finally, Selling Our BMW 320i The other day, we finally said goodbye to our beloved BMW 320i (F30). I briefly mentioned it in a previous article, but this time we decided to use an online simultaneous trade-in appraisal service. Also, my husband, who is experienced in these matters, handled all the negotiations, while I observed and learned from the sidelines. 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