[GFK007]

No real point to this post but I just traded in my 14 m235i manual, which had a $50k sticker and was shocked at the price they are now trying to selling it for.

Gave it back with 25k miles and they are asking $38k.

12k in depreciation or 25% is pretty impressive, no?

[kunzjob]

the real question is- how much did you trade it in for?

And of course- What'd you get?

[TheCaptain]

The depreciation of a car is not the difference beteeen the sticker price and the dealer's asking price. The depreciation is the difference between what you paid when you bought it and how much you got back for it in the trade.

[GFK007]

Originally Posted by TheCaptain

The depreciation of a car is not the difference beteeen the sticker price and the dealer's asking price. The depreciation is the difference between what you paid when you bought it and how much you got back for it in the trade.

Thanks for the technical clarification!

That said, you would be hard pressed to find any bmw, or for that matter any car at all - that was being sold for just 25% less than purchase price after 3 years and 25k miles.

[BEM-S4]

Are they selling it certified? That adds cost for them right there aside from shop time they purchase the coverage from BMW. Not all that uncommon for the listing price to be quite a bit higher than your trade which is wholesale anyway. By the time they certify it and post it at a retail number there's a big spread.

[Lucky13]

There is NFW they will get close to $38K for it, watch Pawn Stars and asking price and selling are far apart. I have a 2014 M235 Silver with Red leather and only 10,000 miles on it and KBB says $33K retail value ($48.5 new). Used car prices are in the shitter for good according to the Wall Street Journal and expected to continue dropping. Market has peaked, buyers are buying SUV's and Trucks, the recession of 2008-2010 drove prices through the roof because there were no late model used cars but now the market is flooded. Has nothing to do with BMW its just the market has totally changed the last 12 months. Your dealer will be lucky to get $33K for your M235, check out used 3 and 5 series prices and they are low as hell. Right now its crazy to buy a new car (not SUV or Truck) because you can get 40-50% off a 3 year old car. Pretty soon SUV's and Trucks will slow down because of saturation of the market and rising rates.

[Maynard]

So how much did they give you, ballpark (if you don't mind sharing)?

[amw896]

Originally Posted by Lucky13

There is NFW they will get close to $38K for it, watch Pawn Stars and asking price and selling are far apart. I have a 2014 M235 Silver with Red leather and only 10,000 miles on it and KBB says $33K retail value ($48.5 new). Used car prices are in the shitter for good according to the Wall Street Journal and expected to continue dropping. Market has peaked, buyers are buying SUV's and Trucks, the recession of 2008-2010 drove prices through the roof because there were no late model used cars but now the market is flooded. Has nothing to do with BMW its just the market has totally changed the last 12 months. Your dealer will be lucky to get $33K for your M235, check out used 3 and 5 series prices and they are low as hell. Right now its crazy to buy a new car (not SUV or Truck) because you can get 40-50% off a 3 year old car. Pretty soon SUV's and Trucks will slow down because of saturation of the market and rising rates.

spot on, I'm noticing all used cars tanking in value as well.

[DF]

Originally Posted by amw896

spot on, I'm noticing all used cars tanking in value as well.

Which is strange considering new car sales are tanking. Usually when that happens the used market heats up

[amw896]

I think it's mostly due to production being so high in the last few years. Now we are seeing the supply saturation from over production. Great time time to be a buyer right now!

Originally Posted by DF

Which is strange considering new car sales are tanking. Usually when that happens the used market heats up

[p912guy]

With affordable fuel over the past 6 years or so, Trucks and SUV's are the hot ticket and car sales, new or used, are just not doing well. Just look at the interest in the new Lincoln Navigator at the NYAS.

The changing demographics in North America don't bode well for a robust vehicular sales market. More people are moving to urban centers and using public transport instead of personal transport. Uber and Lyft are growing with leaps and bounds. Generations Y and Z are making less money as compared to other cohorts at their same stage in life so they have less money to spend on cars. Even if they had the money, Y and Z are more interested in spending it on other things - "experiences" as opposed to possessions like cars. Add to this vehicles of all types and manufacturers just last longer so the need to replace a failing vehicle is less and less. China, with it's developing economy and massive population, are the new market driver for cars / trucks and most other consumer goods.

An increase in fuel prices might reverse this trend somewhat, but even that won' help some of us much, as many SUV's get almost the same mpg as many of our cars. I am averaging 22.5 mpg in daily driving and 28.5 mpg on the interstate with my M235i and my wife's Q5 averages 21 mpg in daily driving and 27 mpg on the interstate.

[GFK007]

Sorry for slow response.

The car was returned on lease.

http://www.bmwofgreenwich.com/detail...-16220898.html

Impeccable condition. They took the tints off though.

I am currently driving my other car - a 17 grand Cherokee trailhawk, and trying to decide if I want to order an RS3, which I have a deposit down on.