Depreciation on a M235i

Oyinko · 04-05-2018, 09:16 PM

hey!

I've been driving a 2014 M235i for 4 years and have 27500 miles on it. The car is in perfect condition, fully loaded. I use it mostly on weekends and did 4500 miles last year.

I decided to put my car on sell because I ordered a Tesla Model 3. I should get my invitation to configure in the next 2-3 weeks.

The KBB private value of my M235i is between 30K and 32K. In the last few weeks, I got contacted by a handful of people (mostly low ballers) but I just got a serious offer for $30750.

But now I'm debating if I should sell my car and order the Model 3 or just keep the BMW for another 2 years.

To decide I'm trying to look at the cash flow of both options. Any idea of the additional depreciation should I expect on my M235i in 2 years and 10'000 more miles?

Oyinko · 04-06-2018, 12:11 AM

Thanks for the link, I asked my question over there. Actually I'm happy with the value of my car. Bought it in April 2014 for $52K and now I have an offer for 58% of MSRP.

Poochie · 04-06-2018, 12:35 AM

Quote:

Originally Posted by Oyinko

Thanks for the link, I asked my question over there. Actually I'm happy with the value of my car. Bought it in April 2014 for $52K and now I have an offer for 58% of MSRP.

Take it! It's not going to get better than that. I have a 2016 with 19k miles and I paid $52,600 and the best they offered me was $28k on a trade in. So that's a steal.

I have a 6 Speed also, so that might affect it.

Oyinko · 04-06-2018, 05:19 PM

Quote:

Originally Posted by sunil_linus

Take it! It's not going to get better than that. I have a 2016 with 19k miles and I paid $52,600 and the best they offered me was $28k on a trade in. So that's a steal.

I have a 6 Speed also, so that might affect it.

I'm happy about my current offer but wondering if I should keep the car for two more years or just sell it and get the Model 3.

What might be the value of my car in 2 years? 22k maybe?

overcoil · 04-06-2018, 05:28 PM

Quote:

Originally Posted by Oyinko

I'm happy about my current offer but wondering if I should keep the car for two more years or just sell it and get the Model 3.

What might be the value of my car in 2 years? 22k maybe?

Keep the 235.

xantdieselx · 04-06-2018, 11:04 PM

Quote:

Originally Posted by ScottSinger

Quote:

Originally Posted by Oyinko

I'm happy about my current offer but wondering if I should keep the car for two more years or just sell it and get the Model 3.

What might be the value of my car in 2 years? 22k maybe?

Keep the 235.

This ^. I can't see getting rid of an M235i to buy a model 3...a model S maybe but not a 3.

M235SDCA · 04-06-2018, 11:25 PM

Quote:

Originally Posted by xantdieselx

This ^. I can't see getting rid of an M235i to buy a model 3...a model S maybe but not a 3.

+1

Oyinko · 04-07-2018, 10:46 AM

It's a very personal decision

Any idea of the additional depreciation my car might take?

B58togo · 04-08-2018, 11:53 AM

Quote:

Originally Posted by Oyinko

Thanks for the link, I asked my question over there. Actually I'm happy with the value of my car. Bought it in April 2014 for $52K and now I have an offer for 58% of MSRP.

But you're averaging < 7K miles per year. Not spectacular value based on cost per mile. I'd keep it.

ianp622 · 04-08-2018, 12:41 PM

If you only average <7k miles a year you're giving up build quality and performance while also losing money that you won't recoup with that mileage. Stick with the M235i until Tesla irons out its production kinks.

04-05-2018, 09:16 PM	#1
Oyinko Private First Class 40 Rep 176 Posts Drives: M235i Join Date: Apr 2014 Location: SF Bay Area iTrader: (0)	Depreciation on a M235i hey! I've been driving a 2014 M235i for 4 years and have 27500 miles on it. The car is in perfect condition, fully loaded. I use it mostly on weekends and did 4500 miles last year. I decided to put my car on sell because I ordered a Tesla Model 3. I should get my invitation to configure in the next 2-3 weeks. The KBB private value of my M235i is between 30K and 32K. In the last few weeks, I got contacted by a handful of people (mostly low ballers) but I just got a serious offer for $30750. But now I'm debating if I should sell my car and order the Model 3 or just keep the BMW for another 2 years. To decide I'm trying to look at the cash flow of both options. Any idea of the additional depreciation should I expect on my M235i in 2 years and 10'000 more miles?
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04-06-2018, 12:11 AM	#2
Oyinko Private First Class 40 Rep 176 Posts Drives: M235i Join Date: Apr 2014 Location: SF Bay Area iTrader: (0)	Thanks for the link, I asked my question over there. Actually I'm happy with the value of my car. Bought it in April 2014 for $52K and now I have an offer for 58% of MSRP.
	Appreciate 0 Quote

04-07-2018, 10:46 AM	#8
Oyinko Private First Class 40 Rep 176 Posts Drives: M235i Join Date: Apr 2014 Location: SF Bay Area iTrader: (0)	It's a very personal decision Any idea of the additional depreciation my car might take?
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04-08-2018, 12:41 PM	#10
ianp622 Private First Class 52 Rep 117 Posts Drives: 2017 M240i Join Date: Jul 2016 Location: FL iTrader: (0)	If you only average <7k miles a year you're giving up build quality and performance while also losing money that you won't recoup with that mileage. Stick with the M235i until Tesla irons out its production kinks.
	Appreciate 0 Quote