Ouch!
- Thread starter Woody
- Start date
ronk said:Mr Whippy said:Buy one at 3yrs old = half price ownership
50% in 3yrs is about normal really, or 20% a year.
Thats the yardstick I use - The only fly in the ointment is when the manufacturer/dealer throws in a contribution!
Yep, as soon as you are offered free insurance, or discounts, or free options, or guaranteed return value etc, then the maths can get very wooly.
It's all still paid for by you in the end though.
That said we need people with oodles of money to pay for these for them to be used bargains years down the line
Dave
Passing on some info.
My Z4 35i '09 plate with 30,480 miles has just gone onto the dealers website (at a different area though) for sale. Great condition.
£19,995.
No pic yet but it is my car as mileage/spec the same.
http://listers.co.uk/Used/Cars/BMW/Z4/sDrive35i_Roadster/131931
My Z4 35i '09 plate with 30,480 miles has just gone onto the dealers website (at a different area though) for sale. Great condition.
£19,995.
No pic yet but it is my car as mileage/spec the same.
http://listers.co.uk/Used/Cars/BMW/Z4/sDrive35i_Roadster/131931
That depreciation seems fine to me if you consider the *actual* price the car has been sold for. Typically over £10k off that means a selling price of ~£35k. SO first year you lose ~£6k, 2nd ~£5k and 3rd ~£4k. ~£400/month plus the cost of borrowing money is not bad at all for a 35iS....
(of course the problem is if you buy the top end you probably ought to throw in £5k of extras which kills my above man-maths.)
(of course the problem is if you buy the top end you probably ought to throw in £5k of extras which kills my above man-maths.)
Breaker said:
I was offered 17K for mine a few weeks ago while talking to BMW about a new 520D touring... that had 4K contrib to it too tho making the trade in 21K or the 520D 4K cheaper whichever way you want to look at it. So I thought, ok so the Z4 isn't great on rough roads which I drive most days, which is my primary gripe, but its paid for. (I have to say on recent long runs up north tho, 200 miles plus, the Z4 is a great long distance car) The 520D would be comfy, but I'd have a car thats not as special and would put me back into finance for a couple of years.
I have better things to do with my money now the cars sorted, like I want a bigger house, so its refocus time and they can forget their silly trade in figures...
Nezzy33 said:
BMW dealers are odd with their pricing. I have been looking at 13 plate ex demos over the last few weeks and I have come across such varying prices.
Williams BMW Manchester have an ex demo sdrive18i 13 plate M sport with under 100 miles originally priced at £30k (reduced to 28k now I think) whereas a London BMW dealer has the exact same car priced at £23,980 which they offered me for £23,250.
I think once it is registered and has over 10 miles on it, the price is going to be almost 10k off the "OTR price". These sdrive 18is with the couple of options are £34,000 new so it just shows that if you are a cash buyer, you can get some real bargains.
I ended up buying new because I had to finance my car and with BMWs 2.9% APR promotion, it actually worked out cheaper overall than getting the 13 plate £23,250 model.
What is even more odd to me is that the Williams dealer had a 62 plate sdrive20i brand new and not registered priced at £36,000 and only £1000 dealer contribution. Why would anyone buy that when they can get an ex demo 62 plate with 10 miles on it for £23/24,000 or a brand new 13 plate for less with the £5-6k dealer contribution.
I just px 10 plate 3.0 auto 32K miles for a pre reg plate 62 plate (dec 12) 2.8 M sport 31 miles was up for £25K for £8K. so in 6 months the car has dropped from £37K to £25K in 6 months.
my old 3.0 has gone from £36K to £17K in 3 years and 2 months. got this for £22K 20 months ago (10K miles) and sold for £17K with 32K miles
my old 3.0 has gone from £36K to £17K in 3 years and 2 months. got this for £22K 20 months ago (10K miles) and sold for £17K with 32K miles
