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      10-12-2012, 02:05 PM   #1
Jace_91
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Getting killed on the value of my 335

I bought my CPO 2008 335 coupe April 2011 for $36k with 8000 miles, now I definitely don't regret it as I love the car but now the value has dropped on the car a lot. Should I sell/trade in the car while its still worth a decent amount and covered under CPO, or will the value level out and stop dropping so quickly.
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      10-12-2012, 02:20 PM   #2
alexukie
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i think it will level out
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      10-12-2012, 02:48 PM   #3
Tom K.
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Cars are not investments. If you like your car, keep it; if not, take the financial hit and buy what you want.

Every time I've traded in a BMW, I've been disappointed - but it is what it is.

Tom
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      10-12-2012, 02:52 PM   #4
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you can find 07-08 335's for under 20. FYI. CPO under 25.
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      10-12-2012, 02:58 PM   #5
Jace_91
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Quote:
Originally Posted by Tom K. View Post
Cars are not investments. If you like your car, keep it; if not, take the financial hit and buy what you want.

Every time I've traded in a BMW, I've been disappointed - but it is what it is.

Tom
Oh I know they aren't investments, but the value has dropped quicker than any of the other cars I've owned. I really enjoy the car so Im probably going to keep it for a while longer but may talk to the dealer about trading it for a lease next time in the dealership
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      10-12-2012, 03:09 PM   #6
BOBKUR
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Your dealing with a car, not a house.
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      10-12-2012, 03:12 PM   #7
Eric in SD
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The biggest hit will come when the CPO warranty expires. I would say the sweet spot to sell is with about one year left on the warranty. Otherwise plan on keeping it and enjoy.
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      10-12-2012, 03:22 PM   #8
overheadvalve
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I hate to tell you this but the value drop you see compared to what you paid is because you paid too much for the car to start with. Im sure the dealer had quite a "premium" on the car because of the low mileage and CPO but the purchase price was way over retail. I bought my 2011 from a dealer in May 2012 with 5800 miles and gave 1K more than you did. They do depreciate but the closer you can buy to wholesale (invoice if buying new) the less hit you take. If a car retains 50% of it's RETAIL value 5 years later it's considered one of the best in resale value. I have had several BMW's that have reached this resale level.
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      10-12-2012, 03:30 PM   #9
Jace_91
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Quote:
Originally Posted by overheadvalve View Post
I hate to tell you this but the value drop you see compared to what you paid is because you paid too much for the car to start with. Im sure the dealer had quite a "premium" on the car because of the low mileage and CPO but the purchase price was way over retail. I bought my 2011 from a dealer in May 2012 with 5800 miles and gave 1K more than you did. They do depreciate but the closer you can buy to wholesale (invoice if buying new) the less hit you take. If a car retains 50% of it's RETAIL value 5 years later it's considered one of the best in resale value. I have had several BMW's that have reached this resale level.
Maybe for your area, but in my region I got a better deal on it than and other car within 500 miles. Its also hard for you to judge whether I over paid without knowing the options. At the time I paid about 2000 under bluebook.
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      10-12-2012, 05:22 PM   #10
derrick603
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Cars tend to depreciate most rapidly in the first five years or so, so it should start to level off. Also, how are you determining the value of the car? If you're comparing your purchase price to the trade-in value, you're automatically going to lose a significant amount just because of that.
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      10-12-2012, 05:39 PM   #11
Meeni
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The more options you have, the more hit you get by depreciation. Some rare options can keep the value far ahead, most just get you $200 extra, even though they cost you $5000 when the car is new (or nearly new).
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      10-12-2012, 06:08 PM   #12
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Quote:
Originally Posted by Jace_91 View Post
I bought my CPO 2008 335 coupe April 2011 for $36k with 8000 miles, now I definitely don't regret it as I love the car but now the value has dropped on the car a lot. Should I sell/trade in the car while its still worth a decent amount and covered under CPO, or will the value level out and stop dropping so quickly.
Stop thinking about it and keep enjoying your car.
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      10-12-2012, 06:23 PM   #13
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^This.
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      10-12-2012, 10:34 PM   #14
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I say just enjoy the car. If you trade it in, you will take even a bigger loss.
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      10-13-2012, 01:44 PM   #15
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I hate to tell you this but you paid too much for the car in the first place. I just bought a 2011 335is with 17k miles for $39k... sticker on it was $58k just over a year ago
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      10-13-2012, 03:18 PM   #16
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Cars depreciate dude.

The new the car the more value it will drop, you know this.

Enjoy the ride, like others said, it's a damn good one and life is short.
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      10-13-2012, 03:31 PM   #17
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I'm upside down on mind because I drive a lot for work. It happens. I love it enough that, and it will even out in about 2-3 years when I trade in; but I don't care because I Fing love the car!

First car I've ever owned that I want to keep longer than 3 years.
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      10-13-2012, 09:20 PM   #18
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You have a nice car that is fun to drive. My advice is to keep it a long time and then sell or trade it. Average car is 11 years old for a reason because cars are much better now.
One thing is for sure BMWs don't do well without the periodic maintenance that they require.
CPO is nice but I never made use of CPO on any BMW I bought.
If you choose to sell it do so before the CPO is gone. I think if you trade it to any dealer including a BMW dealership the CPO part will not matter.

I do keep my BMWs a long long time so to me the depreciation never matters since my current M3 which I bought from the dealer is now approaching 16 years old but still runs just like new...
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      10-14-2012, 08:19 PM   #19
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If you trade in for another car, the other car is just going to depreciate as well. Especially if you trade up to a newer model. The newer the car, the greater the depreciation will be. If you like your car, keep it. You rarely save money in the long run by trading cars, unless you're going to be downgrading to a cheaper or older car.
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      10-14-2012, 10:27 PM   #20
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I agree that you should keep and enjoy your car. You would be taking a big hit in the depreciation of the car if you sell it now. Not to mention that you will spend the same if not more for another car if you are looking to upgrade to say an M3 or M5 etc.
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      10-14-2012, 11:03 PM   #21
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I usualy buy and sell within a year without loosing anything or just a small amount. Selling with CPO is a big plus.

Key is to buy at very low price to begin with
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      10-15-2012, 08:04 AM   #22
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Quote:
Originally Posted by Kolyan2k View Post
I usualy buy and sell within a year without loosing anything or just a small amount. Selling with CPO is a big plus.

Key is to buy at very low price to begin with
You're just throwing money away when you sell with CPO. You pay for that in the cost of the car when you buy it, then lose a portion of it when you sell. You need to subtract that cost from your sale price to determine how much of a loss you took on the sale.
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