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E89 prices set to nosedive?
- Thread starter 85genius
- Start date
Smartbear said:MACK said:
I don't think that's a huge issue, it's still plenty big enough for a weeks luggage for two & that's ok for the sort of car it is imho
Rob
True, but most folks when buying don't realise that. They open the boot with the roof down gasp and walk away.
Thats it exactly. The boot looks tiny if you open it with the roof stowed but there is still a lot of room underneath the roof, it just cant be accessed unless the roof is raised which surely most of the time is fine as you only need to get larger stuff out of the boot when you are parked up.MACK said:Smartbear said:MACK said:
I don't think that's a huge issue, it's still plenty big enough for a weeks luggage for two & that's ok for the sort of car it is imho
Rob
True, but most folks when buying don't realise that. They open the boot with the roof down gasp and walk away.
In 4 years we have never struggled with anything due to the size of the boot. Did have a Mini though and the boot on that was terrible.
Nictrix said:Thats it exactly. The boot looks tiny if you open it with the roof stowed but there is still a lot of room underneath the roof, it just cant be accessed unless the roof is raised which surely most of the time is fine as you only need to get larger stuff out of the boot when you are parked up.MACK said:Smartbear said:I don't think that's a huge issue, it's still plenty big enough for a weeks luggage for two & that's ok for the sort of car it is imho
Rob
True, but most folks when buying don't realise that. They open the boot with the roof down gasp and walk away.
In 4 years we have never struggled with anything due to the size of the boot. Did have a Mini though and the boot on that was terrible.
We had a mini as well, makes ever other car boot feel cavernous, any more than a couple of bags down the supermarket and your dropping the back seat. Makes the e89 boot look like an estate car!
One thing that's a little strange is it took so long to get into production. These days it's rare a model is discontinued and its a good 2 years before the replacement starts rolling off the production line. Even the very last of the e89s will be getting on towards three years old before the new model hits full flow.
Smartbear said:ronk said:
Every new car hemorrages money Ron, but the important thing is the enjoyment it brings you (unless you want to sell shortly in which case you're stuffed)
Rob
I agree, the value falls like a stone - I bought my car financed from a share sale - I sold at £5.23 whithin a month of me taking delivery they'd shot up to £6.80 but at my age why worry about a bit of cash?
As you say, the enjoyment of the car comes first!
It will be interesting to see just what impact the new model has. E89s were available with some truly epic discounts in the last few years of production which will have already impacted the used and nearly new models etc. That coupled with the 2 to 3 year gap in age between the last of the E89s and the first of the G29s makes this situation somewhat different than when say Bmw replaces a 3 series with a brand new model. Usually there's is only a few months lag between production of one stopping and the new one hitting production and end of life discounts on 3 series never normally get to anything like what we saw with the E89.ronk said:Smartbear said:ronk said:
Every new car hemorrages money Ron, but the important thing is the enjoyment it brings you (unless you want to sell shortly in which case you're stuffed)
Rob
I agree, the value falls like a stone - I bought my car financed from a share sale - I sold at £5.23 whithin a month of me taking delivery they'd shot up to £6.80 but at my age why worry about a bit of cash?
As you say, the enjoyment of the car comes first!
All in all the E89 values may come out of the model change much better than the norm.
I guess time will tell.
ronk said:Smartbear said:ronk said:
Every new car hemorrages money Ron, but the important thing is the enjoyment it brings you (unless you want to sell shortly in which case you're stuffed)
Rob
I agree, the value falls like a stone - I bought my car financed from a share sale - I sold at £5.23 whithin a month of me taking delivery they'd shot up to £6.80 but at my age why worry about a bit of cash?
As you say, the enjoyment of the car comes first!
Exactly OP, you don't generally buy a new car towards the end of the production cycle and expect it to appreciate!
It's much more important that you got exactly what you wanted!
I think where BMW end up pricing the new model will be major factor in relation to E89 values - if they get ambitious I can't see it having a big effect, but only time will tell.
In the meantime just keep enjoying your best of the last. :driving:
An E89 price drop will be great news for anyone looking to get their hands on one right now. And as has been said above, for existing owners, cars aren't something you expect to appreciate in value. Anybody who has an E89 and was planning to sell or trade in the next 12 months or so is likely to take a hit.
Two other factors that will hit e89s longterm are the cars perceived reliability with the buying public and the massive over supply in the genrral used car market. This is mainly due to pcps and cheap finance but all of the problems that this is storing up are about to hit hard. Even tge bank of england is worried about this and publically waring of impending doom.
