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How quickly would a 2007 335i depreciate?
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11-11-2012, 05:05 PM | #1 |
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How quickly would a 2007 335i depreciate?
Thinking about buying a 335i coupe...E92 as you people say...fully loaded and 30k miles for $24,000. If I want to sell it in 2 years and only put about 10,000 miles on it (so would have 40k ish)....would I be able to sell it for around $20,000?
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11-11-2012, 05:13 PM | #2 |
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In two years its hard to predict exactly what market sentiment for a 335i will be they are kinda unreliable. However to be safe or realistic consider a 15-20% depreciation a year. Maybe because you are driving so little you could do 15% your looking at $17.5
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11-11-2012, 05:26 PM | #4 |
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17.5k? That seems low...dealers are still selling 2007 for 28-30k
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11-11-2012, 05:36 PM | #6 |
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11-11-2012, 05:36 PM | #7 |
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11-11-2012, 05:49 PM | #8 |
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Two cars are never the same. Because you can find 1 or 2 deals out there in which you buy a 07 335i with 60+ K miles for under $23k, that does not mean every single 07 owner must now sell there car for that.
Just for the sakes of this argument. I have a 07 335i with 35k miles, an actual fully loaded car (with active steering, active cruise control, CPO as well, every single option available in 07) and went to two different BMW dealerships this weekend to see what my car was worth in a trade-in, $25,300 and 24,900. So why would I assume or anyone for that matter think that all 07's should sell for 22-24k privately? Each vehicle and situation is different... Also, 95% of 07's selling for under $24k all have high mileage (60k +)..
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11-11-2012, 06:10 PM | #9 | |
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11-11-2012, 06:36 PM | #10 |
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As gas prices continue to skyrocket, your car will depreciate faster. If you plan on selling it in two years and losing around $4-5k, why not lease a new 2012 one? I figure it's around the same ballpark price-wise, and no HPFP worries.
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11-11-2012, 06:54 PM | #11 |
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Cause with a lease I don't own and just lose $$?
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11-11-2012, 06:58 PM | #12 |
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Depending on the year and deal you get, and considering the fees and taxes in buying and selling a car rather than leasing, you will be paying in the same ballpark. Not to mention a 2012>2007. Why buy a car if you are just going to sell it in 2 years?
I understand a lease will be a bit more, but I guarantee your car will depreciate more than $4k. There are pros and cons for both side. Just throwing an option out there |
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11-11-2012, 08:08 PM | #13 | |
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11-11-2012, 08:23 PM | #14 |
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15%-20% is not accurate for yearly depreciation.. id say $1000-$1500 a yr max as long as the car is in good shape.. 24k for an 07 is probably on the high side i see alot of 08's and up sell for that or not much more
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11-11-2012, 08:33 PM | #15 |
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For comparison, I bought a 2007 335I fully loaded with 28k miles 1 year 1/2 ago for 25,800. I put the car up sale for a high price on autotrader's "keep it up til it sells deal" to feel out the market as I am happy with my car and don't have a high desire to sell it. I've recently gotten a few offers around 25,000 with 38k miles on the car currently. I think selling the car for 20k in 2 years is a very reasonable assumption, especially for the price of 24k which I feel is a good deal for these cars right now.
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11-11-2012, 08:40 PM | #16 | |
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11-11-2012, 08:43 PM | #17 |
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They are making a killing on those. 17.5 sounds about right to me.
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11-11-2012, 09:03 PM | #18 |
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2012 BMW 335IS (SOLD) [6.84] 2011 BMW 335XI (SOLD) [4.66] 2008 BMW 335xi (SOLD) [10.00] |
I find this hard to believe. My dealer sells 2010s and 2009s 335s, under 30k miles for around 30-35... Nicely equipped as well.
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11-11-2012, 10:08 PM | #19 |
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11-11-2012, 10:12 PM | #20 |
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2007 in about 2 years from now, I would expect to pay 19k depending on condition. You can get 2007's for around 18-20k now.
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11-12-2012, 04:34 AM | #21 |
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Don't use the dealer price to count the resale value. What is the current resale value of a 2005 330 ? Its pretty low, if you get $14k its already not bad. Granted, there is the body style boundary and the 335 is more powerful (but more unreliable), so it may retain better value, but its delusional to think it'll retain $6000 better value.
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11-12-2012, 01:02 PM | #22 | |
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Drives: 2007 E92 SG 335i 6MT
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