Thread: Might get an M6
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      12-13-2008, 10:55 AM   #32
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Quote:
Originally Posted by marcus1701 View Post
why do they drop in value so fast? that's less than half it's worth.
Car companies (BMW included) can't even sell new cars and will do anything to move them out the door. When you're offering huge discounts and great financing for new cars, it pushes down the resale value of used cars. Plus, a lot of owners are looking at their 401k and saying 'we need to cut back.' One of the first things to go is a luxury car like that. Plus people can't get financing. Plus, I suspect BMW didn't price the leases correctly so they may be getting a ton of them back as 2 year leases expire. There is simply no demand, and as a result, the price has to come down.