[simena12]

Originally Posted by thebmw

The m235/240s held their value fairly well for the first 2 years after they were launched. Now they are a 6 year old model vehicle and abundant in the used car market. But technically, you lost 20K for a 4 year old car...not bad. Don't feel too bad though, decent 2014 m235s are less than 20k all day long now. In a few years, I plan to pick up a beater 2017 2 series (in great shape though) less than 15K. Some 2014-2015 228s are already there now.

Ehh not really, 2014s sell more in the low 20k range...

[RvR]

Corvette has a much better secondary demand than does a 2er.

Same thing happens in other marques, and even in motorcycles, so I'm told. In Porsche world, the 911 far outshines their other models, especially if there's a "GT" in front of the name. For a dramatic example, take a look at -1 or -2 generation old Cayennes -- they're stupefyingly cheap to buy.

S Class Mercedes are another example, once it becomes the "old" generation, a $120K new Mercedes becomes a used car worth in the $40K area (yet maintenance tracks with original MSRP, not the $40K.)

My BMW dealer's rule of thumb, if you're keeping it less than 5 years, you're better off leasing. Longer than 5 years, buy it. The lease really is a rental car on a much longer time constant.

[brinkmann]

Originally Posted by RvR

My BMW dealer's rule of thumb, if you're keeping it less than 5 years, you're better off leasing. Longer than 5 years, buy it. The lease really is a rental car on a much longer time constant.

Good thing the dealer never steered anyone wrong!

[seansurfn2]

Originally Posted by aerobod

We bought our 2017 M240i as an ordered car with a similar spec for CAD $50,815 / USD $38K on the road (including all taxes and fees, CAD $45K before taxes and fees), so CAD $38K for a one year old car would be about right at 25% depreciation if you included taxes and fees in that price, or about 15% depreciation if not.

well to each its own.. while i own things that appreciate i just prefer to not drop huge amounts into an depreciating asset.. just prefer to put that back into my business

[aerobod]

Originally Posted by seansurfn2

well to each its own.. while i own things that appreciate i just prefer to not drop huge amounts into an depreciating asset.. just prefer to put that back into my business

I prefer a new vehicle with a known history and look at the total ownership cost over about 8 years, including doing my own maintenance outside of warranty coverage. The TCO of all the new BMWs I have owned over the past 20 years has been between CAD $0.30 and $0.60 CAD per kilometre including all depreciation, insurance, maintenance and fuel. Lower than the cost that many people pay for an economy car.

I consider a new vehicle built to my own spec the best for my needs, in any case being only a small cost to me vs it’s benefit, with the business and other investments appreciating well without worrying about the cost of car ownership. I find the total annual cost of our M240i when amortized over 8 years is about the same as the total annual amount I pay on house utilities.

[Luftwaffe1O1]

I mean KBB is a good guideline but not really the rulebook. Checking around southern california there arent many cars first off, and secondly the only sub 20k car is a salvaged 2015... most even 2015s/2016s are still in the mid to high 20s.

[dsmclone]

Originally Posted by USA-RET

So, just for fun I wanted to see what my like new 2017 M240i is worth on KBB.

The high price for a trade $32270 and high price for private sale $35380.

I was amazed that my $52K lost $20K from year 2017 to 2019 trade in

My car would be rated excellent as it is garage kept, has approx 7500 miles and is flawless. Seriously, not a nick or road chip anywhere on the car. Interior still smells like new and shows no wear at all.

I traded a 2015 C7 Corvette for it in 2017 so the spread between model years on both cars is the same. Vette was in the same condition as my BMW. Flawless and very low miles. I paid $56K+ for the Vette and got $48K on a trade. So, owning that car for approx the same amount of time I owned the BMW, I lost approx $8500 on the vette (less that I could have leased the car for) compared to almost $20K on my M240i.

Do BMW's really have such a $#!tty residual value?

Sounds like they played some games with your trade in numbers. A standard 2015 C7 corvette was worth a lot less than $48k in 2017.

Just for comparison sake, a 2017 Corvette 1LT with a MSRP of $55k is now worth about $41k.

[USA-RET]

Originally Posted by dsmclone

Sounds like they played some games with your trade in numbers. A standard 2015 C7 corvette was worth a lot less than $48k in 2017.

Just for comparison sake, a 2017 Corvette 1LT with a MSRP of $55k is now worth about $41k.

Well trade was a cash deal, so I got $48K for my C7 in Dec 2016, and money off the M240i plus a discount for my USAA membership. I paid very little out of pocket for the M240i. I was more than happy with that trade. Likely not get the same "warm and fuzzy" next time around.

as of today my 2015 C7 KBB

$38,518 - $41,629

$40,074Trade-in Value avg

2017 Corvette same miles and equip

$36,868 - $39,707

$38,288 Trade-in Value avg

2018 C7 same mile and equip

$40,227 - $43,180

$41,704 Trade-in Value avg

2017 must be a bad year for all car values.

[XutvJet]

Your C7 had great trade at the time because the model was still quite new and desirable. The 2 series has been in the US market since 2013 as a 2014 model so now we're closing in on nearly 7 years in the market and the car looks the same as it did when it was introduced.

C7 resale/trade will get progressively worse over the coming months and will drop off the face of the earth in June 2020. I also wouldn't trust KBB at all given the sheer number of C7s in the market right now. The demand isn't there to meet the available volume. Soon C7s will be an absolute steal given their performance vs cheap price.

With that said, most cars simply don't hold their value well and if you're going to get upset over a few grand, I suggest not buying a new car or a German one.

[thebmw]

Originally Posted by simena12

Ehh not really, 2014s sell more in the low 20k range...

Ehh, really. List prices are irrelevant. I have access to sales data across the country. I'm sure some have sold recently in low 20's, but that's not a great buy for the buyer.

[EB 2018]

Originally Posted by USA-RET

Well trade was a cash deal, so I got $48K for my C7 in Dec 2016, and money off the M240i plus a discount for my USAA membership. I paid very little out of pocket for the M240i. I was more than happy with that trade. Likely not get the same "warm and fuzzy" next time around.

as of today my 2015 C7 KBB

$38,518 - $41,629

$40,074Trade-in Value avg

2017 Corvette same miles and equip

$36,868 - $39,707

$38,288 Trade-in Value avg

2018 C7 same mile and equip

$40,227 - $43,180

$41,704 Trade-in Value avg

2017 must be a bad year for all car values.

I recognize your screen name from the Corvette Forum. The short answer is yes....go ahead and drop your pants now. Every few years I take a flogging. The only time I do okay is if I find a nice used example for a good deal.

[USA-RET]

Originally Posted by EB 2018

I recognize your screen name from the Corvette Forum. The short answer is yes....go ahead and drop your pants now. Every few years I take a flogging. The only time I do okay is if I find a nice used example for a good deal.

I'd have kept the C7 if it were not for the crappy A8 tranny.

Thinking of going w/ a C8 now LOL Although I am a bit intrigued by the new Supra. Local dealers have a $10K market adjustment on them, so me buying one isn't going to happen anytime soon. With the popularity of the Supra and the BMW interior and motor, I wonder how retained value will be on the Toyota. I'm guessing much better than my M240i. I'm also hearing the siren's cry of a Tesla model 3 performance version. Whether we like it or not, the ICE car days are numbered.

[spdandpwr]

I just bought my m235i vert for 30250 with only 27k on the clock. Given the spec, I plan on keeping this for a while. These cars are hands down the best performance value for the money. It won't take long before some YouTuber creates a video saying: "The Most Undervalued Used Sports Car for the Money"

I'm coming from an F80 M3 and I think the M235 drives much better despite the lower limits.

[EB 2018]

Originally Posted by USA-RET

I'd have kept the C7 if it were not for the crappy A8 tranny.

Thinking of going w/ a C8 now LOL Although I am a bit intrigued by the new Supra. Local dealers have a $10K market adjustment on them, so me buying one isn't going to happen anytime soon. With the popularity of the Supra and the BMW interior and motor, I wonder how retained value will be on the Toyota. I'm guessing much better than my M240i. I'm also hearing the siren's cry of a Tesla model 3 performance version. Whether we like it or not, the ICE car days are numbered.

I'm with you but I'm not sure about the C8. Such a drastic change...My C7 choice is a manual because of the A8. But c'mon...Supra? Sell a BMW to get a BMW in disguise? For the marque's you mention I think you (like me and many others) truly have 3rd world problems. Buy what floats your boat for the time being, take your beating and start looking for the next one.

[Mollyran]

You are welcome to visit my country and cry. 4 month ago I bought 220i coupe 2016 for $42,900, a new one (high trim) would be $87,120 - that's an M2 price with almost every option available.

[dradernh]

Originally Posted by Mollyran

You are welcome to visit my country and cry. 4 month ago I bought 220i coupe 2016 for $42,900, a new one (high trim) would be $87,120 - that's an M2 price with almost every option available.

No kidding, right!

When I lived in Singapore a new car cost approximately 4X what it cost in the USA. Over here in the States, we sometimes don't realize how good we have it.

[morphomeman]

At least when it comes to car prices, which are about the cheapest in the world, we do fine. Singapore has its advantages, one of them being a wonderful public transportation system, at least part of which is paid for by the crazy tax on cars.

[silvercas]

I browse the 2 series forums from time to time. This topic is something I'm concerned with as an owner. It also has me questioning new vs used when buying a BMW. Im currently dreaming of an m2c. What I found is that BMWs take a hit in depreciation. I have been watching used m2c for 2019 and 2020. Im finding that 2019s a fair price for one that stickered for 65ish is 51k and for 2020, ones that sticker for 65 a fair price is around 55-57. With my last BMW I vaguely calculated a 5k hit per year on invoice pricing. In comparison I have some other import cars that appear to retain their value and are way easier to sell if needed

[USA-RET]

Originally Posted by silvercas

I browse the 2 series forums from time to time. This topic is something I'm concerned with as an owner. It also has me questioning new vs used when buying a BMW. Im currently dreaming of an m2c. What I found is that BMWs take a hit in depreciation. I have been watching used m2c for 2019 and 2020. Im finding that 2019s a fair price for one that stickered for 65ish is 51k and for 2020, ones that sticker for 65 a fair price is around 55-57. With my last BMW I vaguely calculated a 5k hit per year on invoice pricing. In comparison I have some other import cars that appear to retain their value and are way easier to sell if needed

The M240i is my first German car, so I do not have experience across the German car market. I talked to my BMW sales manager (who is very honest and straight forward - he was the sales guy that did the sale of the M240i and my C7 trade).

I told him I was surprised at how big I hit I'm taking with my BMW. He said you can figure 50% after three years. I found that percentage high as most car mags (The New Car issues) show values after 5 year of ownership. I'm thinking since he deals with BMW's the 50% figure is what he has been seeing in retained value.

He mentioned that the vehicles that hold value are Porsche 911's, Jeep Wranglers and Harley Davidson's. When I mentioned that the 2015 C& I traded for the BMW is worth more than the BMW, he said, I wouldn't know about that. LOL Of course at the time I traded he was surprised that they valued my C7 as high as they did.

I saw and sat in the C8 Corvette this week. Very nice car, but a bit harder to get into and out of than my C7. So presently, I think I will keep the BMW for at least another year.