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Originally Posted by CnoteMD
I can't imagine losing all that money trading in a car after one year of ownership.
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What loss, really?
My [as in both "mine" and "model year"] 2006 loaded 330i: $45,800 all-in with discount; T/T/T.
MSRP for MY2007 e90 335i [same colors, same options]: $46,900. SA has agreed to $45,000.
Dealer has offered $40,000 for my 12-month old car, which has 8,600 miles on it and is in perfect shape - not one ding! SA says that the dealership can't get enough cars from BMW NA, that they are buying from other dealers, and are paying premiums for low mileage pre-owned cars that they can put on their lot and sell to the very dollar-conscious who won't buy a new car on general principal.
So: $45,000 - $40,000 = $5,000. Subtract about $1000 for the effective 1-year bumper-to-bumper warranty extension and about $1,200 for tire replacement that will be necessary on my '06 e90 in the next 10-12 months anyway, add in about $300 for taxes on the difference and I am looking at about a $3,000 difference in total.
Considering that I will be doing a small loan [why use cash that I can make 7-9% on when I can get a car loan for 5.9%?] and the difference over four years comes down to $62/month.
So that is $62/month more to drive a brand-new, more powerful 2007 335i, and it is still paid off in just four years...$3K in total or $62/month more for a sub-5 second sedan that still gets 21/30 MPG? Sounds good to me.