Whats happening to used BMW values?

[insanecoder]

Lucky I dont have this problem
I always buy to own select cars I know I can live with forever and baby my cars
Most my current cars are over 100k running strong no problems.
Am expecting the 340i to also join the 100k club one day

[HighlandPete]

Originally Posted by 007_e350

Gosh its crazy ... we just bought our X5d for $42k last year, now its oging for under 30 grand ... < 40k miles .... I also heard bmw's have flooded the market and are going at pretty cheap prices, do not why what the reason for that is ?

Assuming this is just not a theoretical trade value, (which means little unless we sell), got to ask why would you want to trade a car at a year old, when the first year is the worst for depreciation? We really need to amortize new car depreciation over several years to make financial sense.

If we want value motoring and a decent vehicle, it its often best to buy nearly new with the big depreciation hit taken care of.

I bought my F11 535i at just over a year old with less than 6k miles for 40% under list. Car was like new, and also the way to get decent options cheap.

[BEM-S4]

Originally Posted by HighlandPete

Car was like new, and also the way to get decent options cheap.

Options rarely hold much value in the pre-owned market. Certain make a car easier to sell (Nav, leather) but don't really add much in the way of $. If you're willing to go for something like what you did w/ 6k on it you can often get fully loaded vs stripper for a very small difference.

[martin mustang]

Buying new is a unique experience hence once I started I was never able to go back to buying 2nd hand apart of my garage queen, my advice to you never make the move buying new, you will never go back to second hands.
I enjoy the research into what options to go for, the build up and having every bit the exact way I want, the delivery is quite unique too and the build up worth every cent, I am even considering collecting my next car myself at BMW (European delivery).
knowing the car was built to your spec and knowing every mile on the counter is part of the experience, if you can afford it I strongly recommend it.
Oh and glad I am passing on a well looked after car to another petrol head hopefully.

Originally Posted by Ric in RVA

I would personally like to thank all of you guys who buy these wonderful cars brand new and take good care of them.

Nothing like buying a 3 year old car with 40000 on it for less than half of sticker.

Now lets just hope the ZF holds up!!!!

[Ric in RVA]

Originally Posted by martin mustang

Buying new is a unique experience hence once I started I was never able to go back to buying 2nd hand apart of my garage queen, my advice to you never make the move buying new, you will never go back to second hands.
I enjoy the research into what options to go for, the build up and having every bit the exact way I want, the delivery is quite unique too and the build up worth every cent, I am even considering collecting my next car myself at BMW (European delivery).
knowing the car was built to your spec and knowing every mile on the counter is part of the experience, if you can afford it I strongly recommend it.
Oh and glad I am passing on a well looked after car to another petrol head hopefully.

Damn I wish you lived in the states.....

I totally would love to do euro delivery on a new car but just stagger at the cost of new cars.

[wdb]

Originally Posted by Official NOCO

My guess would be that Toyota's hold their value so well because of their reliability.

It's not just any Toyota, it's the body-on-frame lineup -- Tacoma and derivatives specifically. They have a very large cult following.

[UPSROD]

My BMW has probably lost more value in the last year then my Honda Accord has in the last five!

[007_e350]

Originally Posted by HighlandPete

Assuming this is just not a theoretical trade value, (which means little unless we sell), got to ask why would you want to trade a car at a year old, when the first year is the worst for depreciation? We really need to amortize new car depreciation over several years to make financial sense.

If we want value motoring and a decent vehicle, it its often best to buy nearly new with the big depreciation hit taken care of.

I bought my F11 535i at just over a year old with less than 6k miles for 40% under list. Car was like new, and also the way to get decent options cheap.

Its not a year old, bought 2012 in 2015, which was a fair price back then with 25k miles and given options

[Draper]

Originally Posted by UPSROD

My BMW has probably lost more value in the last year then my Honda Accord has in the last five!

Fair point.

The only problem with the Accord is that you have to drive it to realize those benefits.

[007_e350]

Originally Posted by Draper

Fair point.

The only problem with the Accord is that you have to drive it to realize those benefits.

no offense, just funny

[VRG_135]

Originally Posted by 007_e350

Gosh its crazy ... we just bought our X5d for $42k last year, now its oging for under 30 grand ... < 40k miles .... I also heard bmw's have flooded the market and are going at pretty cheap prices, do not why what the reason for that is ?

Exactly! That's why I'm in my 135 and not in a 2012 Mustang, Camaro, STI,or GTI. The cherry on top of it all is that my car was not only outperforms most of those cars (and it will outperform them all after a few mods), it was cheaper!

[1MOREMOD]

Originally Posted by 007_e350

Its not a year old, bought 2012 in 2015, which was a fair price back then with 25k miles and given options

Yeah bought an 11 in 14 I think. My plan now is to drive it into the ground since already took the biggest him.

[bucketfoot]

My X1 is the first used car we've bought in 20 years. I just couldn't pass up the fact that I could get so much more car in a CPO compared to the new vehicles I was looking at.

I think I'd still go new if I was getting a Honda/Mazda/Toyota/etc. but I can't ever see going new on a luxury/premium car.

[The HACK]

My 10 year old BMW has held on to more than 60% of its value. I don't see what the problem is.

[jtfields]

This thread is depressing me.