[B58togo]

Originally Posted by USA-RET

My 2015 C7 as fast for sure. Had a god-awful automatic transmission which is why I traded it. If the tranny was like the ZF, I'd still be driving it.

On to performance. The M240i as stock was very quick in comparison to the C7., but not as quick in a straight line, yet still respectable. I added a Dinan Stage 1 and the CF intake and now my M240i feels every bit as fast as my stock 2015 C7. Yeah in a1/4 race I still may get inched out by a C7, but still feel both cars are comparable based on having owned and driven both.

A C7 driver will think they are going to walk away from an M240i but they will be surprised to see it keeping pace with them or maybe a bit more.

I've pulled on a couple C7 Stingrays recently, but not by much. I am Stage 2 E30 BM3, catless DP, intake and xHP trans flash. One of the Vette drivers was a girl and she couldn't understand what had just happened after I pulled her by a couple cars off a light to about 70 mph. I saw her a week later and we did it again and then she asked me if my car was supercharged, lol. I then assured that she would have beaten me if I was stock.

[wtfbrah]

I see 2016 M235i xDrive models up for CPO for almost $35k, and these have many more miles on them. Not sure how it's possible for a 2017 M240i to be worth "only" $35k on trade-in, because I see those listed for a lot more. Unless dealers are making a killing flipping those trade-ins as CPO.

[USA-RET]

Originally Posted by wtfbrah

I see 2016 M235i xDrive models up for CPO for almost $35k, and these have many more miles on them. Not sure how it's possible for a 2017 M240i to be worth "only" $35k on trade-in, because I see those listed for a lot more. Unless dealers are making a killing flipping those trade-ins as CPO.

Yeah, that was my thought too. If I could have bought my car for $35K w/ the miles 7K miles and condition (perfect and non-smoker and not abused) and the upgrades (Dinan Stage 1 w/ Dinan CF intake)...I'd do it all day every day.

The $35K value was for a private sale (or dealer retail). Trade-in values vary between $29 and $32K for mine.

Here are some examples:

https://www.autotrader.com/cars-for-...&firstRecord=0

So yeah, KBB is probably correct on value. Leasing one will still cost approx $23K out of pocket for a three year lease, so that's a wash whether you trade in an owned car or return a lease.

Makes sense to keep the car long term especially if you can keep mileage low, well maintained and car garaged.

[fmzip]

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?

Yes, they do as well as Benz, and Audi's. Which is why I look to buy cars such as yours, 2-3 years old, low miles, well cared for.

Issue now, people trade them in and lose their shirt instead of selling to a private party. Likely easier since not many pay for cars in cash, finance/title gets in the way from an easy private sale. I was looking for a 228i for close to a year, model years 2015-2016. I think I saw 3-4 private owner sales throughout that time. I did eventually find what I was looking for at a dealer. Mint 2016, 14,000 miles, $45,870 sticker, traveled 100 miles to get it, purchased for $26,850.

I will never buy a new car again. I'm much older and wiser now. Rather let someone else depreciate the car over the first few years instead of myself.

[USA-RET]

Originally Posted by fmzip

Yes, they do as well as Benz, and Audi's. Which is why I look to buy cars such as yours, 2-3 years old, low miles, well cared for.

Issue now, people trade them in and lose their shirt instead of selling to a private party. Likely easier since not many pay for cars in cash, finance/title gets in the way from an easy private sale. I was looking for a 228i for close to a year, model years 2015-2016. I think I saw 3-4 private owner sales throughout that time. I did eventually find what I was looking for at a dealer. Mint 2016, 14,000 miles, $45,870 sticker, traveled 100 miles to get it, purchased for $26,850.

I will never buy a new car again. I'm much older and wiser now. Rather let someone else depreciate the car over the first few years instead of myself.

You got a great deal on your car. I looked at some of the used stuff at our BMW dealership when I was trading my Corvette. Many smelled like ash trays or showed wear and tear. Ya never know even on a low mileage car whether they were driven normally or a 1/4 mile at a time. I suppose going used, a CPO would make the most sense. Paying a bit more for the warranty coverage just to be safe.

I tend to trade as the sale tax savings will likely result in a better savings than what I would get selling it outright. Also with a trade I tend to have a bit more "wiggle room" when it comes to negotiating....I generally get and document fees removed by getting that amount added to my used car value. A work around to that dealer rip off.

The M240i is more of my "toy" than driver car. I have a Mini Cooper S for that, and even then we tend not to put many miles on it either. After this rude awakening, I will probably keep the car until Beto O'Rourke forces a government buyback of all ICE cars.

[wtfbrah]

Originally Posted by thebmw

Just ran the numbers: 2014 and 2015 228s in all coupe forms are wholesaling between 12-15k all day long. These are all in decent cars (not salvage, major accidents, or bad condition).

OP, it gets worse for you. Your car wholesales for 30,400 right now. I don't think a dealer would give you much more than that. KBB isn't always correct!

can you give me an idea for what a '16 340i xDrive w/ 30,000 miles and the standard stuff (tech package, cold weather, driver assistance) would wholesale for? i am seeing these cars listed for 33k-34k CPO and wondering if there's wiggle room to get them closer to 30k. after all there is only 2yrs or less of warranty even if it's CPO

[paposalsa]

Originally Posted by wtfbrah

can you give me an idea for what a '16 340i xDrive w/ 30,000 miles and the standard stuff (tech package, cold weather, driver assistance) would wholesale for? i am seeing these cars listed for 33k-34k CPO and wondering if there's wiggle room to get them closer to 30k. after all there is only 2yrs or less of warranty even if it's CPO

Im currently shopping for a 16-17 340i, I have searched from cargurus to truecars for the past 3wks and they are from $30 to 34K ... depending on the packages and miles.

It seems the XDrive are cheaper than the RWD ...

Nowdays is no wiggle room since all these dealers have adopted the Carmax tactics of the No-Hassle price BS

[thebmw]

Originally Posted by wtfbrah

can you give me an idea for what a '16 340i xDrive w/ 30,000 miles and the standard stuff (tech package, cold weather, driver assistance) would wholesale for? i am seeing these cars listed for 33k-34k CPO and wondering if there's wiggle room to get them closer to 30k. after all there is only 2yrs or less of warranty even if it's CPO

Around 25-28k depending on many factors

[seansurfn2]

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?

you just realized this after spending a ton of money? theres a reason most people lease bmws new and not buy...

[USA-RET]

Originally Posted by seansurfn2

you just realized this after spending a ton of money? theres a reason most people lease bmws new and not buy...

Doing the math on a lease (which I did) you still lose that and more at the end of three years. Of course @ the end of the lease you are done with the car so you can restart the procedure again. So it it may appear to be a a better deal (since you are paying monthly a rental charge and the tendency to forget the thousand$ you spent up front). Add up the acquisition and surrender fee's and the monthly's and look at the total out of pocket.....................

Again, not factoring some stellar deal someone may get on a particular car the dealer may have in inventory and so on, just a MSRP car w/ the upfront and surrender fees and monthly payments compared to the same car being purchased for cash and the KBB value at the end of three years.

My shock was not the fact that cars depreciate, but on a 3 year old low mileage C7 Corvette, I lost approx $8 in value compared to the $20K KKB says the Bimmer is worth. I could not have leased my C7 for three years and only paid $8K out of pocket.

Quite honestly, I think the BMW is a better car overall compared to my old C7, but certainly not in the eyes of KBB or a dealer wanting to trade for it.

Yeah, it is what it is. I do love the BMW but am disappointed to see such a well engineered and nicely appointed car lose so much of its value is such a short time.

[keylime503]

So if my M240i lease is coming up in July of 2020, no one recommends buying the car out and selling it privately?

[DistantTea]

I personally believe the market is going to improve for all the B58 cars because of the supra. Tuner rats will start going after them since the Supra is too limited and the M240s are just as fast for half as much money used.

[XutvJet]

German cars depreciate terribly!? No way! I paid $48k for my new 2016 M235. I could have saved a lot of money buying barely used or one of the many M235s sitting on the lots but I wanted what I wanted. No way stocked a 6mt, no moonroof, no nav, but all the other options. I know the car would shed 40% of it's value in 3 years. I don't care. I'll probably be able to get more than most on private sale because of the way it's optioned.

[4Hockey4]

I've seen $10K+ off sticker with 10% off plus rebates. I had a 20' stickering at $52K, sale price was $42K. and thats 3 years newer. You car would sell for $35K on open market with that low mileage.

So $7K over 3 years isn't bad imo.

You have to base it off lowest price (cost) paid or their cost....as soon as it drives off the lot, they all drop to that amount or less.

Now if you paid $52K, thats different story.

Look at residual rates, decent for 240/BMW in general. (Hyundai's are like 35%)

[XutvJet]

German cars depreciate terribly!? No way! I paid $48k for my new 2016 M235. I could have saved a lot of money buying barely used or one of the many M235s sitting on the lots but I wanted what I wanted. No way stocked a 6mt, no moonroof, no nav, but all the other options. I know the car would shed 40% of it's value in 3 years. I don't care. I'll probably be able to get more than most on private sale because of the way it's optioned.

[USA-RET]

And just to add insult to injury, I priced my 2015 C7 1LT and trade-in W/ the mileage I'd have put on it as of today is $39259-$42590.

Tesla offer me $29K for it. K.M.A Tesla

[XutvJet]

Originally Posted by USA-RET

And just to add insult to injury, I priced my 2015 C7 1LT and trade-in W/ the mileage I'd have put on it as of today is $39259-$42590.

I find that one hard to believe. There are a ton of low mileage 14-16 C7s for sale at dealers in the KC area and those are listed for $37k to $48k. You should have no issue getting another $5k off that price.

[EstorilM240]

Originally Posted by keylime503

So if my M240i lease is coming up in July of 2020, no one recommends buying the car out and selling it privately?

Agree, would not recommend that. I'm assuming your residual is around 50-54%. Unless you already have a very trusted private party buyer with cash in hand who is paying a decent amount more than the residual, it's quite logistically annoying.

If you are planning to buy out first and wait on Craigslist for a buyer with title in hand, keep in mind in CA you need to complete the private sale within 10 days of buying out the vehicle, otherwise both you and the second owner will pay the sales tax. BMWFS processes your buyout, then need to mail you the title (and not otherwise lose it or mess something up), and you need to get your private buyer to finish the transaction.

Another thing is supposedly, almost all CA titles in the system are now electronic titles and not paper titles that are stored at BMWFS's office, and it takes a few days for BMWFS to request the title from CA. This may or may not happen before they officially complete the purchase and the 10 days starts ticking.

[USA-RET]

Originally Posted by XutvJet

I find that one hard to believe. There are a ton of low mileage 14-16 C7s for sale at dealers in the KC area and those are listed for $37k to $48k. You should have no issue getting another $5k off that price.

Just go to KBB and put the numbers in

2015 Shark Gray Met 1LT, Auto, Nav, Premium wheels and 12000 miles (which is what mine would have had on it if I'd have kept it and driven as I was)...excellent condition (which is what mine was when I traded it). Zip Code 34134

$40,634Trade-in Value$39,016 - $42,251Trade-in Range

[keylime503]

Originally Posted by EstorilM240

Agree, would not recommend that. I'm assuming your residual is around 50-54%. Unless you already have a very trusted private party buyer with cash in hand who is paying a decent amount more than the residual, it's quite logistically annoying.

If you are planning to buy out first and wait on Craigslist for a buyer with title in hand, keep in mind in CA you need to complete the private sale within 10 days of buying out the vehicle, otherwise both you and the second owner will pay the sales tax. BMWFS processes your buyout, then need to mail you the title (and not otherwise lose it or mess something up), and you need to get your private buyer to finish the transaction.

Another thing is supposedly, almost all CA titles in the system are now electronic titles and not paper titles that are stored at BMWFS's office, and it takes a few days for BMWFS to request the title from CA. This may or may not happen before they officially complete the purchase and the 10 days starts ticking.

Surprisingly my residual is actually 58%. Which makes it even a worse deal, in this case.

[Aspen235]

I paid $38k CDN, ($29k USD) for my 2018 240i RWD STD in March of this year. It had 3,800 miles on it, not used in winter, in service only 9 months. No accidents no problems. I am thinking the previous owner got less than that as a trade.

It is a base car though, only options were met paint, coral leather seats, black grille and black tail pipes.

[aerobod]

Originally Posted by Aspen235

I paid $38k CDN, ($29k USD) for my 2018 240i RWD STD in March of this year. It had 3,800 miles on it, not used in winter, in service only 9 months. No accidents no problems. I am thinking the previous owner got less than that as a trade.

It is a base car though, only options were met paint, coral leather seats, black grille and black tail pipes.

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.