Thread: BMW Finance
View Single Post
      06-27-2013, 12:31 AM   #26
johnnydad
Captain
johnnydad's Avatar
Australia
108
Rep
931
Posts

Drives: 17 BMW M2 - 05 RS Clio 182 Cup
Join Date: Nov 2008
Location: Sydney, NSW

iTrader: (0)

Quote:
Originally Posted by kaitan View Post
hmmm thx guys, I mean you think after 5 years a $70k car will not be worth 31500 but less then that?

I mean looking at the pricing of the 135 ($80k)from new after 5 years it's still about $45k? Make sense?
Who is actually going to pay $45K? Certainly nobody on forums like these who like their discounts!

I recently sold an immaculate 3er with warranty, new RRP $92K. At the 4 year mark I was getting trade-in offers of $25-27K. 4 months later, the offers ranged from $22 to $25K. BMW approved cars in worse condition were being advertised for $42-44K, private sales were around the $37-40K mark.

I advertised for $36K, waited a couple of months and only had a trickle of interest with buyers wanting nearer $30K. I dropped the price and eventually sold for $32K which was 38% of my original discounted purchase price (or 34% of the RRP). I'd had the car detailed and a major service done to prepare for sale too.
__________________
John
17 F87 M2 Pure - long beach blue
10 E91 320d LCI - space grey - black dakota - steptronic - innovations - 157s - front PDC - Konis
99 BMW Baby Racer - red; 05 Renaultsport Clio 182 Cup - French Racing Blue - Konis - Eibachs - Remus - Turinis
Appreciate 0