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      11-01-2012, 04:21 PM   #1
01142007
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Resale value

After loads of hassle I asked for a value to get me in a different car, I have a 116i sport with sun protection pack and comfort pack, the one with extra lighting and air con. I was quoted £15,500 for a trade in for a new the same car and same spec. I bought the car in march. Basically saying the car has lost around £7500 in 10 months, I love the car just fed up of the hassle. I also appreciate that the value drops but would have thought its value was around the £17500 mark. Needless to say I told them to get stuffed and they can keep getting it back for repair each time it goes wrong. Just for interest the car is mint and the offer is not even bottom book price
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      11-01-2012, 08:31 PM   #2
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Jesus Christ! Now that I know that, my F20 will be in my family forever then
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      11-02-2012, 01:15 AM   #3
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Don't think that it is only the F20
It is a fact on all luxury brands, most buyers want new, so the Car will significantly drop in trade in value during its first year.
You should get a higher price selling your F20 privately, as it will still have the BMW warrantee continue on for the new owner.
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      11-02-2012, 03:28 AM   #4
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Quote:
Originally Posted by 01142007 View Post
... but would have thought its value was around the £17500 mark.
Sorry to hear about that - what hassle did you have?

Sadly, I don't think the price you were quoted was far out. As you may have read in another thread, last month I bought an 11 month old, 11,000 mile, 120d Sport from a main dealer - well specced with driver and comfort pack, f&r parking sensors, rain wipers, moving mirrors etc for less than 17500. That's a whopping 10,000 off its list price last nov! Or put it another way, a depreciation of 36% in less than a year. Scary!

Last edited by Diesel130; 11-02-2012 at 12:51 PM..
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      11-02-2012, 04:00 AM   #5
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Mine has a list price of 25,170, it's about 6 months old with 10 miles on it and we got it for 20k so that's 20% depreciation.
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      11-02-2012, 10:12 AM   #6
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Originally Posted by steve1975l View Post
Mine has a list price of 25,170, it's about 6 months old with 10 miles on it and we got it for 20k so that's 20% depreciation.
Blimey - under 2 miles per month, no wonder the previous owner sold it...
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      11-02-2012, 01:23 PM   #7
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I have had a shed load of hassle with the coolant fault, 2 bottles and sensors later, damaged bonnet at the dealers I thought it would be better to just get in a new car. Like I say I love the car it's just the hassle I have had. It just made my mind up to keep it, just send it back when it goes wrong for repair again
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      11-02-2012, 01:33 PM   #8
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The deal I got is looking better and better

I bought with a 50% guaranteed value buy-back after 4 years, conditional to a 80,000km limit (I live within 2km from my office, so I only do about 15,000km/year). Essentially, I'm leasing it, at prime -2.2%. The 50% value after 4 years is going to bite BMW in the butt it seems...
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      11-03-2012, 12:09 AM   #9
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Originally Posted by Diesel130 View Post
Blimey - under 2 miles per month, no wonder the previous owner sold it...
It was a dealer pre reg one.
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      11-03-2012, 10:20 AM   #10
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Quote:
Originally Posted by 01142007 View Post
I have had a shed load of hassle with the coolant fault, 2 bottles and sensors later, damaged bonnet at the dealers I thought it would be better to just get in a new car. Like I say I love the car it's just the hassle I have had. It just made my mind up to keep it, just send it back when it goes wrong for repair again

Faulty sensor is not uncommon, specially they are probably all mass produced in China.

"damaged bonnet" I am sure the dealer's body shop can take care of that, and making it look like new again.

So looks like everything is fixed for now, it would be better to keep the car and use it everyday, instead of sell it and take the loss.

Last edited by dchao; 11-03-2012 at 10:36 AM..
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      11-03-2012, 01:36 PM   #11
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Quote:
Originally Posted by dchao
Quote:
Originally Posted by 01142007 View Post
I have had a shed load of hassle with the coolant fault, 2 bottles and sensors later, damaged bonnet at the dealers I thought it would be better to just get in a new car. Like I say I love the car it's just the hassle I have had. It just made my mind up to keep it, just send it back when it goes wrong for repair again

Faulty sensor is not uncommon, specially they are probably all mass produced in China.

"damaged bonnet" I am sure the dealer's body shop can take care of that, and making it look like new again.

So looks like everything is fixed for now, it would be better to keep the car and use it everyday, instead of sell it and take the loss.
You are 100% right I will use the car and enjoy it as it should be. I also took the car on a lease deal and my GFV is just under 10k which is a way better deal. Just waiting for body shop to rebuff the bonnet and sorted. Suppose I was just annoyed at the time and acted on my annoyance of the car.
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