Trade in value

R3dn3k Flyby · 08-02-2016, 09:04 AM

2013 M5 CPO - Every option but night vision - Silver / Black - 41,xxx miles - original warranty through 3/2017 or 50k. CPO on top. Very clean. Wheels and suspension only.

In May, I was working a deal and was at $55k on trade. NADA trade at the time was $59k I believe. This was at a dealer known for saying it like it is and no fluff. The deal fell through when someone jumped in and snagged the car before I could.

Fast forward to July 31st. I'm working on another potential purchase. NADA now is $57k. I'm getting hit at $48k on trade and being told that's the strongest buy bid they can get.

Anyone else with similar miles and options getting punted on trade in value?

My 11 M3 with 72k miles and in somewhat rough condition netted me $32k on trade in May of last year. Now, the M5 with an original MSRP $40k higher than the M3, still under warranty, spotless and only 3.5 years old rather than 4.5 years old is only worth $15k more on trade. Madness.

-James

13M5F10 · 08-02-2016, 09:20 AM

Quote:

Originally Posted by R3dn3k Flyby

2013 M5 CPO - Every option but night vision - Silver / Black - 41,xxx miles - original warranty through 3/2017 or 50k. CPO on top. Very clean. Wheels and suspension only.

In May, I was working a deal and was at $55k on trade. NADA trade at the time was $59k I believe. This was at a dealer known for saying it like it is and no fluff. The deal fell through when someone jumped in and snagged the car before I could.

Fast forward to July 31st. I'm working on another potential purchase. NADA now is $57k. I'm getting hit at $48k on trade and being told that's the strongest buy bid they can get.

Anyone else with similar miles and options getting punted on trade in value?

My 11 M3 with 72k miles and in somewhat rough condition netted me $32k on trade in May of last year. Now, the M5 with an original MSRP $40k higher than the M3, still under warranty, spotless and only 3.5 years old rather than 4.5 years old is only worth $15k more on trade. Madness.

-James

13 M5 just took a huge dump. I have exactly the same miles and had the same experience. Auction these were going for 51-55 and now they are going for 45-51. Its nuts!! Not sure why the huge drop in July/August. I was pretty disappointed

R3dn3k Flyby · 08-02-2016, 10:54 AM

Quote:

Originally Posted by 13M5F10

13 M5 just took a huge dump. I have exactly the same miles and had the same experience. Auction these were going for 51-55 and now they are going for 45-51. Its nuts!! Not sure why the huge drop in July/August. I was pretty disappointed

I'm quite disappointed as well. Guess I'll be hanging onto it a bit longer.

-James

Alpine300zhp · 08-03-2016, 03:27 PM

Guys. The 13's are being hurt by the fire sale deals on leftover 16's. If you want to trade, you would be better off waiting until the F10 is out of production and see if the value levels off. Just make sure you don't get too close to release of the G version of the m5 whereas yours will take another massive hit.

sdshah · 08-03-2016, 04:23 PM

Quote:

Originally Posted by Alpine300zhp

Guys. The 13's are being hurt by the fire sale deals on leftover 16's. If you want to trade, you would be better off waiting until the F10 is out of production and see if the value levels off. Just make sure you don't get too close to release of the G version of the m5 whereas yours will take another massive hit.

Doubt it. Expect 38-42k next summer. The 14's are dropping so fast as well and sitting on lots.

thxbuff2001 · 08-08-2016, 07:36 PM

Thats how it is on an M5 or sedan.
Youvd wished you bought an m6, or porsche for that matter.

M5, its $10-15k depreciation every year till it becomes $40k worth.

Bimmer6 · 08-09-2016, 05:30 AM

Craziness, I posted the details on my 2013 last year I traded for a M4. I traded at 60k, and I was not shopping a car ...a friend ran the numbers and said I cold loose 10k if I sold in 2016 vs. Summer 2015. My car had low options 20' wheels, HUD, full leather, color SO. It had 16k miles purchased 10/2012 ED. The car is end of life, and will continue to drop.

Highend sport/luxury cars are the most difficult to move because many buyers at this price point will buy new, or a a person upgrading may not want to stretch that high for a used end of life car.

Rearview · 08-09-2016, 04:42 PM

Plus end of lease deals have pumped up 2013 supply. The economics suck. This will be the second and final BMW depreciation beating that I have taken. P-car is next for me.

13M5F10 · 08-09-2016, 08:43 PM

Quote:

Originally Posted by Rearview

Plus end of lease deals have pumped up 2013 supply. The economics suck. This will be the second and final BMW depreciation beating that I have taken. P-car is next for me.

I agree - also a lot of people ditching their 2013s as their warranty is coming up end of year.

bruza · 08-10-2016, 09:18 AM

My lease on my '15 ends next November. Depending on how the residual looks compared to market, I'm pretty sure I can buy a 2016 w/ fewer miles for less than my buyout.

M3PGH · 09-09-2016, 07:37 PM

Rearview. Porsche also will depreciate fast except the GT cars , and some very few other trims like GTS .

sdshah · 09-09-2016, 09:01 PM

Quote:

Originally Posted by bruza

My lease on my '15 ends next November. Depending on how the residual looks compared to market, I'm pretty sure I can buy a 2016 w/ fewer miles for less than my buyout.

100% sure you can. Your residual will probably be higher than street value.

bruza · 09-10-2016, 10:38 AM

Quote:

Originally Posted by sdshah

100% sure you can. Your residual will probably be higher than street value.

Indeed. Already plotting to get my next F10.

TrevorM3 · 09-10-2016, 04:34 PM

Quote:

Originally Posted by Rearview

Plus end of lease deals have pumped up 2013 supply. The economics suck. This will be the second and final BMW depreciation beating that I have taken. P-car is next for me.

you think that changes anything by going to a Porsche?

wake up my friend, all these M's, AMGs, six figure over priced Porsches, it's all the same shit.

Bimmer6 · 09-11-2016, 05:53 AM

Quote:

Originally Posted by TrevorM3

you think that changes anything by going to a Porsche?

wake up my friend, all these M's, AMGs, six figure over priced Porsches, it's all the same shit.

True! The only way you solve the Porsche bath is a GT car ........dealer wants my 2015 GT3, and will pay me MSRP. Sold my M5 with 15k miles for 60k last July my dealer buddy said if I kept it anotehr year would have cost me 10k. Take the depreciations as enjoyment!

Bimmer6 · 09-11-2016, 05:56 AM

Quote:

Originally Posted by M3PGH

Rearview. Porsche also will depreciate fast except the GT cars , and some very few other trims like GTS .

GTS same bath high volume car it's Porsche S with a little more power. Porsche is full of tricks .......only GT cars will do you well if you can get your hands on one.

thxbuff2001 · 09-11-2016, 06:05 PM

Quote:

Originally Posted by Bimmer6

True! The only way you solve the Porsche bath is a GT car ........dealer wants my 2015 GT3, and will pay me MSRP. Sold my M5 with 15k miles for 60k last July my dealer buddy said if I kept it anotehr year would have cost me 10k. Take the depreciations as enjoyment!

I sold my GT3 plus 10k last year.

In my experience is that M5 depreciation is 10-12k per year. Thats why leasing is the way to go. Not much to loose. The only thing you need to get is a low money factor. 66-67 of residual value is what the car would be after lease.

M5Rlz · 09-13-2016, 12:25 PM

Quote:

Originally Posted by Bimmer6

True! The only way you solve the Porsche bath is a GT car ........dealer wants my 2015 GT3, and will pay me MSRP. Sold my M5 with 15k miles for 60k last July my dealer buddy said if I kept it anotehr year would have cost me 10k. Take the depreciations as enjoyment!

I dumped my 2014 [114k sticker] after like 6 months and 19,000 miles literally highest milage 14 in the country at the time. I think I got 74 or 77 I can't remember I just know I saw that coming milestones like 20 and 40 add to that, that you can walk into a dealer and have them beg you to take an M5/m6 off the lot for 10+% off the car, and you're better off dumping the car before it depreciates more.

Porsches especially Turbo/GT ones are more in demand because they aren't as forgiving lease wise, BMW has become a bank and just rolling people into cars for as cheap as possible, what made M's special is really gone as anyone willing to spend 600+ a month/has decent credit can likely get into an M car lol

Bimmer6 · 09-13-2016, 06:50 PM

Agree on bank roll, but most cars today take a bath on resale. I love the M4 for a DD, and I will just keep the GT3 for a long time. One I enjoy the car, and it does not depreciate like hell. Heck you can get a low mileage McClaren MSRP 332k for 230k easy. Over supply, and cheap money is your driver. I can't find a GT3 RS for less than 232k which is 35k over MSRP, but the goodness that was a 100k which is nuts. I'm rolling the dice I can't get one close to MSRP in the winter flippers will want Christmas money.

08-02-2016, 09:04 AM	#1
R3dn3k Flyby BigMacs 69 Rep 492 Posts Drives: 2019 BMW M5 Join Date: Oct 2009 Location: Queen Creek, AZ iTrader: (5) Garage List 2019 BMW M5 [9.67]	Trade in value - Huge drop? 2013 M5 CPO - Every option but night vision - Silver / Black - 41,xxx miles - original warranty through 3/2017 or 50k. CPO on top. Very clean. Wheels and suspension only. In May, I was working a deal and was at $55k on trade. NADA trade at the time was $59k I believe. This was at a dealer known for saying it like it is and no fluff. The deal fell through when someone jumped in and snagged the car before I could. Fast forward to July 31st. I'm working on another potential purchase. NADA now is $57k. I'm getting hit at $48k on trade and being told that's the strongest buy bid they can get. Anyone else with similar miles and options getting punted on trade in value? My 11 M3 with 72k miles and in somewhat rough condition netted me $32k on trade in May of last year. Now, the M5 with an original MSRP $40k higher than the M3, still under warranty, spotless and only 3.5 years old rather than 4.5 years old is only worth $15k more on trade. Madness. -James __________________ 2019 M5 : Black Sapphire Metallic / Black Full Merino / Carbon / B&W / Executive / Driving Assistance Plus / BMW Performance Carbon Fiber Front Splitters, Side Skirts, Rear Diffuser, Trunk Spoiler 2020 RDX A-Spec : Apex Blue Pearl / Red
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08-03-2016, 03:27 PM	#4
Alpine300zhp Lieutenant Colonel 1443 Rep 1,719 Posts Drives: 24 M4 Comp RWD Join Date: Oct 2009 Location: South Florida iTrader: (0)	Guys. The 13's are being hurt by the fire sale deals on leftover 16's. If you want to trade, you would be better off waiting until the F10 is out of production and see if the value levels off. Just make sure you don't get too close to release of the G version of the m5 whereas yours will take another massive hit. __________________ ~ 24 M4 Comp ~ Prior BMW's - Too many to list here (27)
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08-08-2016, 07:36 PM	#6
thxbuff2001 Dictator for Life 343 Rep 560 Posts Drives: To many Join Date: Sep 2005 Location: Rockwall, TX iTrader: (0)	Thats how it is on an M5 or sedan. Youvd wished you bought an m6, or porsche for that matter. M5, its $10-15k depreciation every year till it becomes $40k worth. __________________ 03 e39M5 Imola Red-Tubi Exhaust/GROMAudio 16 F10 M5JavaGrun/MT/CP/CCB/B&O/ReaRDVD 23G82M4SignalGrun/MT/CCB/CarbonBuckets 09 Ferrari SCUDERIA Rosso Corsa 23CayenneGTSCoupe
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08-09-2016, 05:30 AM	#7
Bimmer6 Colonel 632 Rep 2,253 Posts Drives: 458SPY, GT3RS on the way Join Date: Jul 2012 Location: ATL iTrader: (0)	Craziness, I posted the details on my 2013 last year I traded for a M4. I traded at 60k, and I was not shopping a car ...a friend ran the numbers and said I cold loose 10k if I sold in 2016 vs. Summer 2015. My car had low options 20' wheels, HUD, full leather, color SO. It had 16k miles purchased 10/2012 ED. The car is end of life, and will continue to drop. Highend sport/luxury cars are the most difficult to move because many buyers at this price point will buy new, or a a person upgrading may not want to stretch that high for a used end of life car.
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08-09-2016, 04:42 PM	#8
Rearview Second Lieutenant 65 Rep 241 Posts Drives: F10 M5 Join Date: Feb 2016 Location: Midwest USA iTrader: (0)	Plus end of lease deals have pumped up 2013 supply. The economics suck. This will be the second and final BMW depreciation beating that I have taken. P-car is next for me.
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08-10-2016, 09:18 AM	#10
bruza Major 367 Rep 1,202 Posts Drives: '21 M5 & '06 Volvo S60 R Join Date: Jul 2011 Location: Georgia iTrader: (0)	My lease on my '15 ends next November. Depending on how the residual looks compared to market, I'm pretty sure I can buy a 2016 w/ fewer miles for less than my buyout. __________________ 2021 M5 Competition Marina Bay Blue/ Individual Tartufo/ Individual Piano Black Trim. Took delivery 11/27/2020 2017 X5 ///M Silverstone/Mugello Red/ Carbon Fiber Trim Turned in 11/27/2020
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09-09-2016, 07:37 PM	#11
M3PGH Major 800 Rep 1,400 Posts Drives: Too Many Join Date: Mar 2009 Location: Pittsburgh,PA iTrader: (1)	Rearview. Porsche also will depreciate fast except the GT cars , and some very few other trims like GTS .
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09-13-2016, 06:50 PM	#19
Bimmer6 Colonel 632 Rep 2,253 Posts Drives: 458SPY, GT3RS on the way Join Date: Jul 2012 Location: ATL iTrader: (0)	Agree on bank roll, but most cars today take a bath on resale. I love the M4 for a DD, and I will just keep the GT3 for a long time. One I enjoy the car, and it does not depreciate like hell. Heck you can get a low mileage McClaren MSRP 332k for 230k easy. Over supply, and cheap money is your driver. I can't find a GT3 RS for less than 232k which is 35k over MSRP, but the goodness that was a 100k which is nuts. I'm rolling the dice I can't get one close to MSRP in the winter flippers will want Christmas money.
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