Depreciation is a B**** 55k trade in quote

shellbmb · 05-02-2016, 05:34 PM

I was just quoted 55k trade in value for my 2014 comp pack M5 with 20k miles. I knew these things depreciated like a rock, but that was even surprising.

13M5F10 · 05-02-2016, 05:38 PM

Quote:

Originally Posted by shellbmb

I was just quoted 55k trade in value for my 2014 comp pack M5 with 20k miles. I knew these things depreciated like a rock, but that was even surprising.

FACK!!!

I was offered like $52k for my 2013 with 30k miles. I laughed.

Someone posted this a few weeks back. Interesting stuff. 2014 wasn't that far behind.

johntomferg · 05-02-2016, 06:36 PM

Anything in the 2013/14 range sold with 72k miles on it yet?

Rearview · 05-02-2016, 06:50 PM

you get ZERO credit at auction for options like CP on these cars. The volume is too low and BMW 5-series do drop like a rock. Trick is having a nicely maintained car that another enthusiast will pay top dollar for. If yours is absent the 'mods' and in great condition - leather, paint, ... sell it on your own. BMW does need to do a better job propping the 'used' market up through their CPO segment. Auction on late model cars (vs. collector cars) is synonymous with 'rape, pillage & plunder'.

TrevorM3 · 05-02-2016, 07:13 PM

it's embarrassing.

a good buy right now would be a 14.

stealth.pilot · 05-02-2016, 08:05 PM

Quote:

Originally Posted by shellbmb

I was just quoted 55k trade in value for my 2014 comp pack M5 with 20k miles. I knew these things depreciated like a rock, but that was even surprising.

Sounds low unless it has had a lot of bodywork.

shellbmb · 05-02-2016, 08:10 PM

Quote:

Originally Posted by stealth.pilot

Sounds low unless it has had a lot of bodywork.

No, it's accident free with brand new tires. Granted it was just a preliminary quote from the Porsche dealer towards a 991 GTS.

stealth.pilot · 05-02-2016, 08:14 PM

Quote:

Originally Posted by shellbmb

Quote:

Originally Posted by stealth.pilot

Sounds low unless it has had a lot of bodywork.

No, it's accident free with brand new tires. Granted it was just a preliminary quote from the Porsche dealer towards a 991 GTS.

Trade in value is highly problematic. When I sold my 2013 M5 I beat trade in by 20,000 dollars.

boots · 05-02-2016, 08:45 PM

Guess. That means mine is worth about 30k since I have 78,000 miles on it

Rearview · 05-02-2016, 09:01 PM

Quote:

Originally Posted by boots

Guess. That means mine is worth about 30k since I have 78,000 miles on it

Nah, you just got past the break-in!

Plus, there's the Boots premium kinda like a Steve McQueen car!

JNoSol · 05-02-2016, 09:07 PM

Quote:

Originally Posted by shellbmb

I was just quoted 55k trade in value for my 2014 comp pack M5 with 20k miles. I knew these things depreciated like a rock, but that was even surprising.

If it's fully loaded, don't settle for less than $60k trade.

boots · 05-03-2016, 10:28 PM

Quote:

Originally Posted by Rearview

Nah, you just got past the break-in!

Plus, there's the Boots premium kinda like a Steve McQueen car!

My mayne!! 🤓

bobback · 05-06-2016, 01:22 PM

Newbie here with my first post...why such low trade values? Yet the flip side is, isn't that how it always works with the dealers?!

E39TOF10 · 05-06-2016, 01:42 PM

Don't trade it in. A dealer will easily mark it up 30k. Remember all of their used cars are owned by old ladies or so they always say.

Schweitzer · 05-06-2016, 02:32 PM

What's really a joke is the residual on a lease.

boots · 05-06-2016, 03:04 PM

Well since mines paid off since beg of last year this ones s keeper.

Bimmer6 · 05-07-2016, 10:51 AM

Wow ........I sold my 2013 last August when I had my dealer price it out I got 60k. He said if I kept it another year it would be 50k?? Luxury sedans are hard to move look at the RS7 inventory pilling up. My car sat on the lot for a few months, and they had to put on new tires and CPO they may have broke even on the sale.

My options were:
HUD
20" wheels
Full leather

Don't too much care for soft close doors, and upgrades on music don't spend a lot of time in the car as you can tell by my miles in three years. Auctions are driving the prices down along with inventory. Happy I sold when I did, but I don't buy cars with fear of depreciation in most cases.

stealth.pilot · 05-07-2016, 11:37 AM

Quote:

Originally Posted by shellbmb

I was just quoted 55k trade in value for my 2014 comp pack M5 with 20k miles. I knew these things depreciated like a rock, but that was even surprising.

I have lower Miles than you but I was offered $70k for mine this week and I turned it down.

13M5F10 · 05-07-2016, 11:52 AM

Quote:

Originally Posted by Bimmer6

Wow ........I sold my 2013 last August when I had my dealer price it out I got 60k. He said if I kept it another year it would be 50k?? Luxury sedans are hard to move look at the RS7 inventory pilling up. My car sat on the lot for a few months, and they had to put on new tires and CPO they may have broke even on the sale.

My options were:
HUD
20" wheels
Full leather

Don't too much care for soft close doors, and upgrades on music don't spend a lot of time in the car as you can tell by my miles in three years. Auctions are driving the prices down along with inventory. Happy I sold when I did, but I don't buy cars with fear of depreciation in most cases.

Mine sat on the lot for 9 months. The dealer didn't sell to actions. He was excited and made me a hell of a deal at the time

elitex · 05-07-2016, 12:17 PM

I traded my 15 CP with 3500 miles for $88K, Sticker was $117 I think. Bought it for $103,600. It sat on the dealer lot for few weeks then made it's way to Texas. Last I saw it listed for $82k, it finally sold but not sure for how much.

sdshah · 05-07-2016, 02:57 PM

Second hand market for an M5 is pretty weak. Dealership trade values are low bc they usually sell close to that price and these cars are sitting. The 13's should drop under 50k by winter time IMO.

M5Beast_NYC · 05-08-2016, 07:00 PM

Two things, the 2014 production numbers seems low. You should be able to fetch more money selling privately. I know I wanted a 14 CP when I was looking and I could not find any in good condition.

Second, if you are trading in, you have to calculate the tax savings. You could save as much as 5k in tax due to trade in so consider that when selling privately.

05-02-2016, 05:34 PM	#1
shellbmb Lieutenant 199 Rep 572 Posts Drives: 2022 F90 M5C Join Date: Apr 2013 Location: ATX iTrader: (0)	Depreciation is a B 55k trade in quote I was just quoted 55k trade in value for my 2014 comp pack M5 with 20k miles. I knew these things depreciated like a rock, but that was even surprising.
	Appreciate 0 Tweet Quote

05-02-2016, 06:36 PM	#3
johntomferg Captain 120 Rep 852 Posts Drives: Formerly drove a 13 F10 M5 Join Date: May 2012 Location: Columbia, TN iTrader: (1)	Anything in the 2013/14 range sold with 72k miles on it yet?
	Appreciate 0 Quote

05-02-2016, 06:50 PM	#4
Rearview Second Lieutenant 65 Rep 241 Posts Drives: F10 M5 Join Date: Feb 2016 Location: Midwest USA iTrader: (0)	you get ZERO credit at auction for options like CP on these cars. The volume is too low and BMW 5-series do drop like a rock. Trick is having a nicely maintained car that another enthusiast will pay top dollar for. If yours is absent the 'mods' and in great condition - leather, paint, ... sell it on your own. BMW does need to do a better job propping the 'used' market up through their CPO segment. Auction on late model cars (vs. collector cars) is synonymous with 'rape, pillage & plunder'.
	Appreciate 1 YARBMAN11.00 Quote

05-02-2016, 07:13 PM	#5
TrevorM3 Banned 3322 Rep 8,083 Posts Drives: 6.3 AMG Join Date: Apr 2013 Location: Florida iTrader: (0)	it's embarrassing. a good buy right now would be a 14.
	Appreciate 0 Quote

05-02-2016, 08:45 PM	#9
boots Curve Thrasher 623 Rep 3,773 Posts Drives: 2013 Bmw m5..White/Blk. Join Date: Nov 2012 Location: Cypress Tx iTrader: (0)	Guess. That means mine is worth about 30k since I have 78,000 miles on it
	Appreciate 0 Quote

05-06-2016, 01:22 PM	#13
bobback New Member 9 Rep 28 Posts Drives: Searching Join Date: May 2016 Location: Bozeman, MT iTrader: (0)	Newbie here with my first post...why such low trade values? Yet the flip side is, isn't that how it always works with the dealers?!
	Appreciate 0 Quote

05-06-2016, 01:42 PM	#14
E39TOF10 Second Lieutenant 63 Rep 219 Posts Drives: 2016 M5 CP Join Date: Jun 2015 Location: Denver Colorado iTrader: (0)	Don't trade it in. A dealer will easily mark it up 30k. Remember all of their used cars are owned by old ladies or so they always say.
	Appreciate 0 Quote

05-06-2016, 02:32 PM	#15
Schweitzer Lieutenant 46 Rep 415 Posts Drives: 2015 M5 CP Join Date: Nov 2005 Location: Downtown Los Angeles, CA iTrader: (1) Garage List 2007 335i Coupe [0.00]	What's really a joke is the residual on a lease. __________________ 2015 M5, Alpine White, Sakhir Orange/Black leather, 20"M Style 343M, forged black wheels, Carbon Fiber trim/mirror caps, Competition Package, Executive Package, Bang & Olufsen sound.
	Appreciate 0 Quote

05-06-2016, 03:04 PM	#16
boots Curve Thrasher 623 Rep 3,773 Posts Drives: 2013 Bmw m5..White/Blk. Join Date: Nov 2012 Location: Cypress Tx iTrader: (0)	Well since mines paid off since beg of last year this ones s keeper.
	Appreciate 0 Quote

05-07-2016, 10:51 AM	#17
Bimmer6 Colonel 632 Rep 2,253 Posts Drives: 458SPY, GT3RS on the way Join Date: Jul 2012 Location: ATL iTrader: (0)	Wow ........I sold my 2013 last August when I had my dealer price it out I got 60k. He said if I kept it another year it would be 50k?? Luxury sedans are hard to move look at the RS7 inventory pilling up. My car sat on the lot for a few months, and they had to put on new tires and CPO they may have broke even on the sale. My options were: HUD 20" wheels Full leather Don't too much care for soft close doors, and upgrades on music don't spend a lot of time in the car as you can tell by my miles in three years. Auctions are driving the prices down along with inventory. Happy I sold when I did, but I don't buy cars with fear of depreciation in most cases.
	Appreciate 0 Quote

05-07-2016, 12:17 PM	#20
elitex . 1232 Rep 1,918 Posts Drives: 22 M8C Coupe, 21 X5MC Join Date: Mar 2012 Location: Atlanta iTrader: (0) Garage List 2020 Mercedes C63S ... [0.00] 2021 X5M Competition [0.00]	I traded my 15 CP with 3500 miles for $88K, Sticker was $117 I think. Bought it for $103,600. It sat on the dealer lot for few weeks then made it's way to Texas. Last I saw it listed for $82k, it finally sold but not sure for how much. __________________ Previous 21 X5M MBB, 20 Evora GT, 20 C63S Coupe,19 X5 50i, 18 Giulia QV, 18 M5, 17 Evora 400, 18 LX570, 17 GT350,18 M4 Comp,17 R8 V10 ,17 M3 Comp,17 GT350,16 Escalade Plat ESV, 16 570S,16 911 GTS,15 M5, 15 LX570, 13 M5,13 Viper,14 Cayman S,13 M3,13 S4,10 RX8,12 A4,10 G37, 04 Mini Cooper S, 08 Scion TC, 06 Altima V6, 05 Altima, 01 Altima, 00 Altima, 94 Explorer, 92 Toyota Pickup, 98 Altima
	Appreciate 0 Quote

05-07-2016, 02:57 PM	#21
sdshah Banned 849 Rep 1,386 Posts Drives: F85 \| Panamera GTS Join Date: Jul 2011 Location: USA iTrader: (2)	Second hand market for an M5 is pretty weak. Dealership trade values are low bc they usually sell close to that price and these cars are sitting. The 13's should drop under 50k by winter time IMO.
	Appreciate 0 Quote

05-08-2016, 07:00 PM	#22
M5Beast_NYC Major 158 Rep 1,314 Posts Drives: 15 M5 Join Date: Apr 2010 Location: NYC iTrader: (6)	Two things, the 2014 production numbers seems low. You should be able to fetch more money selling privately. I know I wanted a 14 CP when I was looking and I could not find any in good condition. Second, if you are trading in, you have to calculate the tax savings. You could save as much as 5k in tax due to trade in so consider that when selling privately.
	Appreciate 0 Quote