|
|
|
|
|
|
BMW Garage | BMW Meets | Register | Today's Posts | Search |
|
BMW 3-Series (E90 E92) Forum
>
Getting killed on the value of my 335
|
|
10-12-2012, 02:05 PM | #1 |
First Lieutenant
9
Rep 365
Posts |
Getting killed on the value of my 335
I bought my CPO 2008 335 coupe April 2011 for $36k with 8000 miles, now I definitely don't regret it as I love the car but now the value has dropped on the car a lot. Should I sell/trade in the car while its still worth a decent amount and covered under CPO, or will the value level out and stop dropping so quickly.
|
10-12-2012, 02:48 PM | #3 |
Major General
124
Rep 5,627
Posts |
Cars are not investments. If you like your car, keep it; if not, take the financial hit and buy what you want.
Every time I've traded in a BMW, I've been disappointed - but it is what it is. Tom |
Appreciate
0
|
10-12-2012, 02:58 PM | #5 |
First Lieutenant
9
Rep 365
Posts |
Oh I know they aren't investments, but the value has dropped quicker than any of the other cars I've owned. I really enjoy the car so Im probably going to keep it for a while longer but may talk to the dealer about trading it for a lease next time in the dealership
|
Appreciate
0
|
10-12-2012, 03:12 PM | #7 |
Enlisted Member
4
Rep 31
Posts |
The biggest hit will come when the CPO warranty expires. I would say the sweet spot to sell is with about one year left on the warranty. Otherwise plan on keeping it and enjoy.
|
Appreciate
0
|
10-12-2012, 03:22 PM | #8 |
Private First Class
11
Rep 164
Posts |
I hate to tell you this but the value drop you see compared to what you paid is because you paid too much for the car to start with. Im sure the dealer had quite a "premium" on the car because of the low mileage and CPO but the purchase price was way over retail. I bought my 2011 from a dealer in May 2012 with 5800 miles and gave 1K more than you did. They do depreciate but the closer you can buy to wholesale (invoice if buying new) the less hit you take. If a car retains 50% of it's RETAIL value 5 years later it's considered one of the best in resale value. I have had several BMW's that have reached this resale level.
|
Appreciate
0
|
10-12-2012, 03:30 PM | #9 | |
First Lieutenant
9
Rep 365
Posts |
Quote:
|
|
Appreciate
0
|
10-12-2012, 05:22 PM | #10 |
Captain
55
Rep 592
Posts |
Cars tend to depreciate most rapidly in the first five years or so, so it should start to level off. Also, how are you determining the value of the car? If you're comparing your purchase price to the trade-in value, you're automatically going to lose a significant amount just because of that.
|
Appreciate
0
|
10-12-2012, 05:39 PM | #11 |
Gateropode
329
Rep 2,848
Posts |
The more options you have, the more hit you get by depreciation. Some rare options can keep the value far ahead, most just get you $200 extra, even though they cost you $5000 when the car is new (or nearly new).
|
Appreciate
0
|
10-12-2012, 06:08 PM | #12 | |
Colonel
886
Rep 2,720
Posts |
Quote:
|
|
Appreciate
0
|
10-13-2012, 01:44 PM | #15 |
Captain
47
Rep 719
Posts |
I hate to tell you this but you paid too much for the car in the first place. I just bought a 2011 335is with 17k miles for $39k... sticker on it was $58k just over a year ago
|
Appreciate
0
|
10-13-2012, 03:18 PM | #16 |
Lieutenant Colonel
261
Rep 1,794
Posts
Drives: F30 328i M 6mt, E36 M3
Join Date: Jul 2009
Location: Shakedown Street, Buffalo NY
|
Cars depreciate dude.
The new the car the more value it will drop, you know this. Enjoy the ride, like others said, it's a damn good one and life is short.
__________________
|
Appreciate
0
|
10-13-2012, 03:31 PM | #17 |
Brigadier General
1435
Rep 4,724
Posts |
I'm upside down on mind because I drive a lot for work. It happens. I love it enough that, and it will even out in about 2-3 years when I trade in; but I don't care because I Fing love the car!
First car I've ever owned that I want to keep longer than 3 years.
__________________
Current: 2021 M340i xDrive
Previous: '18 340i xDrive; '15 335 xDrive; '14 435i xDrive; '09 335 E92 xDrive |
Appreciate
0
|
10-13-2012, 09:20 PM | #18 |
BMWCCA 149159
38
Rep 847
Posts |
You have a nice car that is fun to drive. My advice is to keep it a long time and then sell or trade it. Average car is 11 years old for a reason because cars are much better now.
One thing is for sure BMWs don't do well without the periodic maintenance that they require. CPO is nice but I never made use of CPO on any BMW I bought. If you choose to sell it do so before the CPO is gone. I think if you trade it to any dealer including a BMW dealership the CPO part will not matter. I do keep my BMWs a long long time so to me the depreciation never matters since my current M3 which I bought from the dealer is now approaching 16 years old but still runs just like new... |
Appreciate
0
|
10-14-2012, 08:19 PM | #19 |
Where'd my VTEC go?
481
Rep 6,067
Posts |
If you trade in for another car, the other car is just going to depreciate as well. Especially if you trade up to a newer model. The newer the car, the greater the depreciation will be. If you like your car, keep it. You rarely save money in the long run by trading cars, unless you're going to be downgrading to a cheaper or older car.
__________________
AW/Terra | ZSP | ZPP | ZCW | iDrive | CA
Mods: BC BR coilovers | Blacklines | M-tech rear | dual exhaust | M3 steering wheel | BMW SSK | ZHP shift knob | High-kick CF spoiler | NBT Retrofit M3 front control arms | M3 rear guide rods | Manzo rear toe and camber links | Monroe rear shock mounts | Varrstoen ES1 19x9.5+20 Front, 19x11+25 rear |
Appreciate
0
|
10-14-2012, 10:27 PM | #20 |
Private First Class
10
Rep 127
Posts |
I agree that you should keep and enjoy your car. You would be taking a big hit in the depreciation of the car if you sell it now. Not to mention that you will spend the same if not more for another car if you are looking to upgrade to say an M3 or M5 etc.
|
Appreciate
0
|
10-14-2012, 11:03 PM | #21 |
Major General
922
Rep 5,538
Posts |
I usualy buy and sell within a year without loosing anything or just a small amount. Selling with CPO is a big plus.
Key is to buy at very low price to begin with |
Appreciate
0
|
10-15-2012, 08:04 AM | #22 |
Colonel
40
Rep 2,431
Posts |
You're just throwing money away when you sell with CPO. You pay for that in the cost of the car when you buy it, then lose a portion of it when you sell. You need to subtract that cost from your sale price to determine how much of a loss you took on the sale.
__________________
My speeding isn't the problem. It's the Slow Folks ahead of me that cause accidents!
|
Appreciate
0
|
Bookmarks |
|
|