08-02-2016, 09:04 AM | #1 |
BigMacs
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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
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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
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08-02-2016, 09:20 AM | #2 | |
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*** SOLD *** 2013 BMW M5 | Space Grey | MSR Stage 3 Tune | Catless Downpipes | MSR Intake and Charge Pipes | MSR Exhaust (Prototype) | Vorsteiner Rear Diffuser | RW Carbon Front Lip | RW Carbon Trunk Spoiler| Vorsteiner VS-310 Forged Wheels | Escort 9500CI w/Laser Jammers
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08-02-2016, 10:54 AM | #3 | |
BigMacs
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Drives: 2019 BMW M5
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-James
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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
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08-03-2016, 03:27 PM | #4 |
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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.
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08-03-2016, 04:23 PM | #5 | |
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08-08-2016, 07:36 PM | #6 |
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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.
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08-09-2016, 05:30 AM | #7 |
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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 |
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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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08-09-2016, 08:43 PM | #9 | |
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*** SOLD *** 2013 BMW M5 | Space Grey | MSR Stage 3 Tune | Catless Downpipes | MSR Intake and Charge Pipes | MSR Exhaust (Prototype) | Vorsteiner Rear Diffuser | RW Carbon Front Lip | RW Carbon Trunk Spoiler| Vorsteiner VS-310 Forged Wheels | Escort 9500CI w/Laser Jammers
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08-10-2016, 09:18 AM | #10 |
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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.
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09-09-2016, 09:01 PM | #12 | |
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09-10-2016, 10:38 AM | #13 |
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Indeed. Already plotting to get my next F10.
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09-10-2016, 04:34 PM | #14 | |
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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. |
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09-11-2016, 05:53 AM | #15 |
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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!
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09-11-2016, 05:56 AM | #16 |
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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.
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09-11-2016, 06:05 PM | #17 | |
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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.
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09-13-2016, 12:25 PM | #18 | |
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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 |
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09-13-2016, 06:50 PM | #19 |
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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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