Quote:
Originally Posted by kaitan
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?
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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.