04-05-2018, 09:16 PM | #1 |
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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? |
04-06-2018, 12:11 AM | #2 |
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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.
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04-06-2018, 12:35 AM | #3 | |
Luxury at the redline :)
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I have a 6 Speed also, so that might affect it. |
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04-06-2018, 05:19 PM | #4 | |
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What might be the value of my car in 2 years? 22k maybe? |
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04-06-2018, 05:28 PM | #5 |
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04-06-2018, 11:04 PM | #6 |
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This ^. I can't see getting rid of an M235i to buy a model 3...a model S maybe but not a 3.
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Previous Cars: 2008' 135i, 2010' 328i, 2013' 328i, 2016' M235i, 2017' X1, 2019' M240i, 2019' X3, 2021' M3 Comp, 23' Camaro SS 1LE, 24' Lexus IS500 Current Cars: 23' Tesla Model Y Performance, 11' BMW 335I. Coming Soon: 25' BMW M2 Manual |
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M235SDCA115.00 Mr Carrots765.50 |
04-06-2018, 11:25 PM | #7 |
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+1
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Mr Carrots765.50 |
04-08-2018, 11:53 AM | #9 |
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But you're averaging < 7K miles per year. Not spectacular value based on cost per mile. I'd keep it.
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04-08-2018, 12:41 PM | #10 |
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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.
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