PX Values

[JOHNBMWM5]

Well I dread to think what these cars will be worth One year old, mine was valued at £35K after only 6 months thats PXed against new high end BMWs. I will be keeping mine over the two/three year period now.
Losing 19K is just mental in such a short time.

[m3_p0wer]

yea the resale value of the x6 is not good at all especially now in the crises i bought mine
for 375,000dhs it worth now between 250,000 , 270,000dhs !!! one more thing now we have the v8 the same price i bought mine ..

[Deda]

Originally Posted by johnbmw6

Well I dread to think what these cars will be worth One year old, mine was valued at £35K after only 6 months thats PXed against new high end BMWs. I will be keeping mine over the two/three year period now.
Losing 19K is just mental in such a short time.

I was looking at price list from April 2009 and there are new prices for x6!

New price is 5% more..in my my case base model x6 35d was around 80K and now new price is 85k...So i guess we didnt lose that much.

[chuck92103]

Most cars lose 1/3 of their value the first year or two.

[shenard]

On my 2008 X6 50i which sticker was $79,980 I only got $65K for trade-in 6 months later when BMWNA bought back the vehicle and they had to kick in cash and sell me the '09 model at invoice to help offset most of the difference in value lost in the original 6 months. Scary how much they lose in value which is why I also plan to drive my X6 for 3-5yrs.

[dmlgc]

Originally Posted by chuck92103

Most cars lose 1/3 of their value the first year or two.

So are other BMW's (x5 ,etc) losing the 1/3 also ?

[chuck92103]

Originally Posted by dmlgc

So are other BMW's (x5 ,etc) losing the 1/3 also ?

Everything. This is not a BMW issue. All cars lose value.

This is a 3 year lease has arround 50-60% residual value.

[dmlgc]

Originally Posted by chuck92103

Everything. This is not a BMW issue. All cars lose value.

This is a 3 year lease has arround 50-60% residual value.

I know all cars lose value but I always heard how "BMW keeps its value",
figured it didn't take the hit as quickly.

[shenard]

Funny thing is that when I originally purchased my 2008 X6 50i the residual value on it for a 3yr lease was 48% and now BMWNA has bumped them up to 58% to help with the lease payment so they will sell better. My original lease payment was $1850/month which is ridiculous so I just paid cash and bought it. Apparently, BMW did the same thing with the new 7 series to help bring down the payment some because people with previous 7s with payment $900-1200 were having to pony up over $2k/month for a new 7. Now they are around 1500-1700

[xDrive50i]

Originally Posted by Deda

I was looking at price list from April 2009 and there are new prices for x6!

New price is 5% more..in my my case base model x6 35d was around 80K and now new price is 85k...So i guess we didnt lose that much.

Deda, johnbmw6 was referring to resale value not the purchase price of new models

[xDrive50i]

The biggest drop in depreciation of your car happens right when you drive your brand spanking new car of the dealers lot

After that, it depends on the condition of your car, millage driven, etc and over what time period. This is usually a fairly steady decline...