Quote:
Originally Posted by bartginger
I bought the car in July 2015 and I paid $47,000 with tax and license. After the costs and fees are deducted for the auction, I will end up with about $31,500. That's a drop of almost exactly one-third in just a year and a half. That to me is serious depreciation. Have a great day!
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Obviously you are not familiar with the car market in the USA. Sedan and coupe sales for all manufacturers were down double digit last year and ytd. People are buying SUV's and Trucks and the average discounts are over $3500 off retail even on strong categories. BMW residuals are probably at least average regarding sedans and coupes. An auction is your guideline for value really? Dealers buy at auction to turn around and sell for retail, you sold at wholesale not retail. Yes any car driven off the lot take 20% off unless your a dealer, 20% depreciation in a year is normal and 30-35% after 2 is normal.
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