11-23-2014, 06:22 PM | #1 |
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Resale value?
Has anyone else noticed the poor resale values on X1 xDrive28i? At least here in Seattle, used X1s are going for pretty poor prices even at the dealer. If you check Edmunds or Kelley values, it looks even worse. Am I just lamenting normal depreciation or is demand for used X1s just not good?
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11-25-2014, 01:14 PM | #2 |
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It is normal for BMWs.
Last time I bought a 2-yr old fully loaded 328i with 25k miles w/ CPO warranty to 100k for $29.8k from dealer. The MSRP on that car was $47.5k. |
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11-25-2014, 03:45 PM | #3 |
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Resale here seems high. I could probably get almost 38k for mine. Judging from what I see on trader.ca anyways.
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01-10-2015, 11:55 PM | #4 | |
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01-11-2015, 08:43 AM | #6 |
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They hold value OK here, but Toronto is booming compared to most US cities.
Let's say new costs you $42K all in, after three years you're still looking at over $30K. |
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01-11-2015, 11:11 AM | #7 | |
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01-11-2015, 03:16 PM | #8 | |
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I have seen some prev 3 series gen that holds their value well here also. Just my perspective, of course. |
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01-11-2015, 03:31 PM | #9 | ||
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01-11-2015, 09:00 PM | #10 |
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01-11-2015, 09:05 PM | #11 |
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How was the Forester ?
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01-11-2015, 09:10 PM | #12 | |
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The dealership is a big time crook, the offer was in a mid twienties. I asked the guy if he is on something... |
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01-11-2015, 10:07 PM | #13 |
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I am a bit different, being Australian i talk "all in" pricing, not this BS north american thing where taxes and fees are apparently not counted even though I am paying for it.
Agreed many are stripper models with not much in them. |
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01-11-2015, 11:14 PM | #14 | |
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01-11-2015, 11:17 PM | #15 | |
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01-11-2015, 11:18 PM | #16 | |
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I understand they need to make money on the sale, but they seem to really low ball. When it comes time for me to get a new car, I'll definitely never trade my car in and sell it privately.
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01-11-2015, 11:24 PM | #17 | |
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01-12-2015, 09:15 AM | #18 |
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Local US economies don't really dictate used car prices. Supply and demand typically do.
BMW whores out its cars in the US with cheap leases. This floods the market with used cars which hurts resale. Which is typically awful for midline and premium cars anyway. Couple the above with expensive maintenance costs and you don't have a good recipe for strong resale. |
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01-12-2015, 12:25 PM | #19 |
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I will say this: For all BMWs the initial price drop is the worst. After that the depreciation slows down dramatically on X1 and 3 series cars, while 5s and 7s catch up with 3 series prices within 5 years. BMW makes enough 3 series based cars worldwide that there is some economy in parts & repair prices, while the higher echelon BMWs stay expensive to fix, thus limiting their used car appeal.
I bought my 14 X1 xDrive35i MSport Ultimate HK when it was 12 months old with 15K miles for $36K in August. That was a drop of $14K from sticker. Six months later similar X1s for sale now are still in the 36K-38K range. The first drive off of the dealer lot is a big hit!
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01-12-2015, 12:47 PM | #20 | |
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I guess that I might keep it, it was a wonderful vehicle so far, I just like the new mirrors from the LCI. Otherwise, it is ok, we love the sparkling bronze that is not offered anymore, etc. I was even thinking if is worth it to sell it and put almost 15k more to buy a new one, plus 3M, plus mud flaps, plus other things that were done. |
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