Promise

I'm in a weird predicament here and might need to wait another year to give my order the green light, I am wondering what the depreciation would be like if I put 7k miles on the car in a year, assuming the MSRP was 90, am I going to lose 20k?

There is a chance id need to sell it after a year, thoughts?

Will617

You are probably pretty close but if demand increase/decrease it will affect it.

JPMBenz

20k sounds about right.

NelsonRealTime

I think 18k-20k sounds about right. I plan on selling in 2 years and I think I would be losing around 7k and probably buy another C63S 2017.

Bespoke88

why would you sell and rebuy the same car?

NelsonRealTime

Well, the odds are the car will look more aggressive and more features will be introduced, new rims, new bonnet design, new colors.

Financially, if things go well for me ill get the E63.

mister2d

Makes better sense to lease it if you expect to have it that long. That way you are only financing the amount of depreciation.

Bespoke88

is it typically 2 years in for a change?

that kinda sucks - one reason why i like BMW is they dont do this the changes are very minimal

Bespoke88

thats also going to kill the value of the car

Promise

How would you only lose 7k?

NelsonRealTime

Well 2 years would be ideal, it is nice to change cars in such a short time, specially due to the changes they make.

Also, there are options I didn't choose this time which I regret and wont be missing next time I purchase the car. I have OCD with the buttons, each time I see a blank space where a functioning button is supposed to be it aggravates me.

I have to be honest, I haven't bought a BMW because of the interior, it doesn't suit my taste. Mercedes beats BMW on the interiors every time with the equivalent model. BMW's exterior is slightly more appealing than Mercedes, it is more sporty.

Each to their own.

Assuming the car depreciates $20k a year by the second year the value would be around $43,700.00 and I would be owing around $51,000.00. To turn in the car I would to fork out $7k in the best case scenario, it could be even more. I should assume the worse case scenario, it would really be around $10k.

ibeforreal

Lease new, buy used. That is what I have been told by many car dealers.

looney100

That's great for the dealership as they get to "sell" the car twice.

Leasing is no better than buying to avoid depreciation. The single largest component of a lease payment is the expected depreciation during the lease period.

Lessees pay for depreciation, they don't avoid it in any way.

ibeforreal

I totally agree with you. The largest depreciation comes at the front end of the lease/purchase in the first two years.

Settthhh

So how would you lose only 7k? lol, no down payment?

otakki

+1
Some of course will minimize this depreciation by getting tax deduction through business. If not going that route, buying will still save more money in the long run compared to leasing.

betrezra

Buy new and trade in every year.... come-on man dealers got to eat!

AMGFTMFW

Not 2. 4 years. I'm waiting for the mid-cycle FL'ed version of the Coupe, which will have comprehensive exterior/interior/engine upgrades.

Anything prior to the FL is still considered PFL, which will have little to no substantial changes.

norb

If depreciation is of a concern to you, then you are in the wrong market. All high end cars have huge depreciation because as a percentage, the higher cost makes them huge. A 10% depreciation on a $100K car is $10K, on a $30K car, its only $3k.

RDOCA

were you a math major???

johndong888

lololololololol