Depreciation after a year
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Junior Member
Joined: May 2015
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458 spider / 991 turbo s
Depreciation after a year
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?
There is a chance id need to sell it after a year, thoughts?
MBWorld Fanatic!
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2016 C63S
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?
There is a chance id need to sell it after a year, thoughts?
Senior Member
Joined: Feb 2015
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bmw
Member
Joined: Aug 2009
Posts: 176
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From: Miami, Florida
2015 C63S
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.
Financially, if things go well for me ill get the E63.
Member
Joined: Sep 2007
Posts: 194
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From: East Coast
15 AMG C63S ED1
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?
There is a chance id need to sell it after a year, thoughts?
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Senior Member
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bmw
that kinda sucks - one reason why i like BMW is they dont do this the changes are very minimal
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Thread Starter
Junior Member
Joined: May 2015
Posts: 63
Likes: 1
458 spider / 991 turbo s
Member
Joined: Aug 2009
Posts: 176
Likes: 1
From: Miami, Florida
2015 C63S
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.
Super Member
Joined: Dec 2010
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None
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.
Super Member
Joined: Apr 2015
Posts: 762
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From: ATL
2006 C55
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.
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.
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
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.
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W203 C230 SPORT
Anything prior to the FL is still considered PFL, which will have little to no substantial changes.
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From: Houston, Texas - USA
2009 C63 AMG
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.
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From: SoCal
2016 C63S Sedan
