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Rule of thumb on repairs before trading in / selling?
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Hoping for a little advice here, if possible, to maximize my return on a car I’m getting rid of. The details: Just put a down payment on a Tesla, should be delivered in about 5 weeks. My current car is a 2016 BMW 528. 62K miles. My trade in value via KBB is basically exactly what I owe - around 13K. However…I need to replace a motor mount. The part costs next to nothing - like 80 bucks - but the labor is around 1400 bucks. I’ve shopped the repair around to a few places and it’s generally the same amount everywhere. My goal, obviously, is to maximize the value of my BMW prior to financing the Tesla. It seems to me my options are: 1) Trade in with Tesla as is 2) Sell to CarMax / similar 3) Repair first, then trade in to Tesla 3) Repair first, then sell to CarMax / similar

I realize I need to talk to these different entities to really get some details…I’m just looking for some guidance so I’m armed with information prior to talking to them. Would a trade in or sale subtract essentially the exact amount of the repair? Or more, or less? I also realize that theoretically the car should be worth more as a sale than as a trade in.

Any and all advice would be appreciated…thanks in advance!

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1 year ago