XBimmers X1   XBimmers X1
  XBimmers X1

Go Back   XBimmers | BMW X1 Forum > BMW X1 Forums > General BMW X1 (E84) Forum

Post Reply
 
Thread Tools Search this Thread
      11-23-2014, 06:22 PM   #1
Transfer
Major General
Transfer's Avatar
5244
Rep
5,874
Posts

Drives: Bronco Wildtrak, Tesla MYP
Join Date: Mar 2010
Location: Issaquah, WA

iTrader: (1)

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?
Appreciate 0
      11-25-2014, 01:14 PM   #2
MazdaFan
First Lieutenant
11
Rep
331
Posts

Drives: 2014 X1 xDrive 28i
Join Date: Sep 2010
Location: Bay Area

iTrader: (0)

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.
Appreciate 0
      11-25-2014, 03:45 PM   #3
Twix
Lieutenant Colonel
Twix's Avatar
Canada
652
Rep
1,922
Posts

Drives: 2011 e91
Join Date: Jan 2013
Location: Calgary, AB, Canada

iTrader: (0)

Garage List
Resale here seems high. I could probably get almost 38k for mine. Judging from what I see on trader.ca anyways.
__________________
2011 E91
2016 M2 - Sold
2014 X1 - Sold
2002 Land Rover Discovery II - 3" lift & 33s
Appreciate 0
      01-10-2015, 11:55 PM   #4
skychismo
Private First Class
5
Rep
134
Posts

Drives: 2011 335D
Join Date: May 2014
Location: United States

iTrader: (0)

Quote:
Originally Posted by MazdaFan
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.
I just bough a CPO 2013 X1 with the premium package and 28k miles for $23k. That's about what I traded in my Forester for with similar miles. These things would be a terrible buy if new. My CPO 335d with 30k miles was $29.5.
Appreciate 0
      01-11-2015, 12:09 AM   #5
Transfer
Major General
Transfer's Avatar
5244
Rep
5,874
Posts

Drives: Bronco Wildtrak, Tesla MYP
Join Date: Mar 2010
Location: Issaquah, WA

iTrader: (1)

That's about 40% depreciation in 2 years. Ick
Appreciate 0
      01-11-2015, 08:43 AM   #6
Alfisti
Brigadier General
6453
Rep
3,009
Posts

Drives: 2008 Saab 9-3 Combi
Join Date: Nov 2014
Location: Toronto, Canada

iTrader: (0)

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.
Appreciate 0
      01-11-2015, 11:11 AM   #7
skychismo
Private First Class
5
Rep
134
Posts

Drives: 2011 335D
Join Date: May 2014
Location: United States

iTrader: (0)

Quote:
Originally Posted by Alfisti
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.
The KBB on the one I bought was around $29k, but the dealer is in a very high end part of town (there is a Porsche, Ferrari, and Aston Martin dealer in the same lot) and I think they had a hard time selling an orange hatchback.
Appreciate 0
      01-11-2015, 03:16 PM   #8
bimmr
Private First Class
bimmr's Avatar
22
Rep
155
Posts

Drives: x1
Join Date: Sep 2014
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Alfisti View Post
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.
From Canada here also, and just curious if prices will drop a lot more after the new gen releases? (which it's understandable, but i think a lot of users here mentioned here that BMW holds their value well).

I have seen some prev 3 series gen that holds their value well here also. Just my perspective, of course.
Appreciate 0
      01-11-2015, 03:31 PM   #9
skychismo
Private First Class
5
Rep
134
Posts

Drives: 2011 335D
Join Date: May 2014
Location: United States

iTrader: (0)

Quote:
Originally Posted by bimmr
Quote:
Originally Posted by Alfisti View Post
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.
From Canada here also, and just curious if prices will drop a lot more after the new gen releases? (which it's understandable, but i think a lot of users here mentioned here that BMW holds their value well).

I have seen some prev 3 series gen that holds their value well here also. Just my perspective, of course.
Must be a Canadian thing then. BMWs are notorious for having terrible resale value in the US.
Appreciate 0
      01-11-2015, 09:00 PM   #10
BMWBig6
Private First Class
BMWBig6's Avatar
28
Rep
133
Posts

Drives: BMW X1 sDrive28i M Sport
Join Date: Oct 2007
Location: Georgia

iTrader: (0)

Quote:
Originally Posted by skychismo View Post
Must be a Canadian thing then. BMWs are notorious for having terrible resale value in the US.
Ugh I hope that's just a regional thing. I sold our Audi TT a couple months ago with 78K miles for half of what we paid for it new 7 YEARS AGO!
Appreciate 0
      01-11-2015, 09:05 PM   #11
CIWS
Moon Parasite
CIWS's Avatar
United_States
654
Rep
1,336
Posts

Drives: F98 X4M Competition
Join Date: Sep 2011
Location: Texas

iTrader: (0)

Quote:
Originally Posted by skychismo View Post
I just bough a CPO 2013 X1 with the premium package and 28k miles for $23k. That's about what I traded in my Forester for with similar miles. These things would be a terrible buy if new. My CPO 335d with 30k miles was $29.5.
How was the Forester ?
__________________

2020 X4M Comp. (currently stock) - Was 2015 335 MSport -MPPK -Borla ATAK -Dinan Sport+ - E.R. Charge pipe / 2013 X1 35i Sport - Dinan tune / 2009 X6 50i Dinan badged
Appreciate 0
      01-11-2015, 09:10 PM   #12
Teutonic
Colonel
Teutonic's Avatar
No_Country
2706
Rep
2,350
Posts

Drives: BMW
Join Date: Feb 2012
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Twix View Post
Resale here seems high. I could probably get almost 38k for mine. Judging from what I see on trader.ca anyways.
Mine is in exceptional shape (literaly) with 40,000 km on board and fully loaded plus extra 3 years warranty over basic and I was playing with the ideea of selling it so I can order a new one before the FWD will show up. I don't know how they keep the value but I was very dissapointed by what I have seen so far. Yeah ,many dont have lighting package, professional audio, convenience package, etc, but people are dumb, they just look in kijiji and start comparing...
The dealership is a big time crook, the offer was in a mid twienties. I asked the guy if he is on something...
Appreciate 0
      01-11-2015, 10:07 PM   #13
Alfisti
Brigadier General
6453
Rep
3,009
Posts

Drives: 2008 Saab 9-3 Combi
Join Date: Nov 2014
Location: Toronto, Canada

iTrader: (0)

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.
Appreciate 0
      01-11-2015, 11:14 PM   #14
skychismo
Private First Class
5
Rep
134
Posts

Drives: 2011 335D
Join Date: May 2014
Location: United States

iTrader: (0)

Quote:
Originally Posted by Alfisti
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.
In the US you don't pay tax on whatever amount your trade in is for, and tax fluctuates on a city to city basis. Licensing is also state by state as well, and is very cheap in a lot of states. I paid like $700 in tax and registration.
Appreciate 0
      01-11-2015, 11:17 PM   #15
skychismo
Private First Class
5
Rep
134
Posts

Drives: 2011 335D
Join Date: May 2014
Location: United States

iTrader: (0)

Quote:
Originally Posted by CIWS
Quote:
Originally Posted by skychismo View Post
I just bough a CPO 2013 X1 with the premium package and 28k miles for $23k. That's about what I traded in my Forester for with similar miles. These things would be a terrible buy if new. My CPO 335d with 30k miles was $29.5.
How was the Forester ?
It rode nice, held its value really well, was very reliable, but has a very cheap interior and exterior. Rattles everywhere. I also had an older wrx, which had weird bold quality issues. Very reliable and capable cars though. I still keep an old 4x4 Loyale wagon around as an emergency/spare vehicle.
Appreciate 0
      01-11-2015, 11:18 PM   #16
Twix
Lieutenant Colonel
Twix's Avatar
Canada
652
Rep
1,922
Posts

Drives: 2011 e91
Join Date: Jan 2013
Location: Calgary, AB, Canada

iTrader: (0)

Garage List
Quote:
Originally Posted by Tracus View Post
Mine is in exceptional shape (literaly) with 40,000 km on board and fully loaded plus extra 3 years warranty over basic and I was playing with the ideea of selling it so I can order a new one before the FWD will show up. I don't know how they keep the value but I was very dissapointed by what I have seen so far. Yeah ,many dont have lighting package, professional audio, convenience package, etc, but people are dumb, they just look in kijiji and start comparing...
The dealership is a big time crook, the offer was in a mid twienties. I asked the guy if he is on something...
My dealer gave me a number of 28k for mine after just a year. Looking around on trader.ca etc and I could easily sell mine for mid 30's. The dealer is a ripoff. They had an '12 M3 during the summer time that they wanted 85k for. I told them I might as well buy a new M4. They wouldn't budge on the price.

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.
__________________
2011 E91
2016 M2 - Sold
2014 X1 - Sold
2002 Land Rover Discovery II - 3" lift & 33s
Appreciate 0
      01-11-2015, 11:24 PM   #17
skychismo
Private First Class
5
Rep
134
Posts

Drives: 2011 335D
Join Date: May 2014
Location: United States

iTrader: (0)

Quote:
Originally Posted by BMWBig6
Quote:
Originally Posted by skychismo View Post
Must be a Canadian thing then. BMWs are notorious for having terrible resale value in the US.
Ugh I hope that's just a regional thing. I sold our Audi TT a couple months ago with 78K miles for half of what we paid for it new 7 YEARS AGO!
Not bad for a German car but still not that good. I sold my 7 year old WRX with 70k miles on it for $18k. It cost $25k new.
Appreciate 0
      01-12-2015, 09:15 AM   #18
danielj
Second Lieutenant
United_States
16
Rep
201
Posts

Drives: 2018 x2
Join Date: Feb 2013
Location: Seattle, WA USA

iTrader: (0)

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.
Appreciate 0
      01-12-2015, 12:25 PM   #19
fw_fw
Freude am Fahren
fw_fw's Avatar
United_States
108
Rep
278
Posts

Drives: 18 X3 xDrive30i xLine Phytonic
Join Date: Jul 2013
Location: Alabama

iTrader: (2)

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!
__________________

Current: 18 X3 xDrive30i
Past: 03 530i Sport | 06 330ci ZHP | 14 X1 xDrive35i M-Sport | 11 328i M-Sport | 98 M Roadster
Appreciate 0
      01-12-2015, 12:47 PM   #20
Teutonic
Colonel
Teutonic's Avatar
No_Country
2706
Rep
2,350
Posts

Drives: BMW
Join Date: Feb 2012
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Twix View Post
My dealer gave me a number of 28k for mine after just a year. Looking around on trader.ca etc and I could easily sell mine for mid 30's. The dealer is a ripoff. They had an '12 M3 during the summer time that they wanted 85k for. I told them I might as well buy a new M4. They wouldn't budge on the price.

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.
Yeah, obviously I will sell it privately, but still, they offer nothing but want a lot. From my calculations, they offer 25-28k and sell them for at least 6-8k more.

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.
Appreciate 0
      01-12-2015, 04:32 PM   #21
zeevette
Unllicensed
zeevette's Avatar
United_States
29
Rep
444
Posts

Drives: 2013 X1 35i
Join Date: Jun 2014
Location: Pasco, WA. USA

iTrader: (0)

Buy yourself some custom wheels, or a JB4. Those things will get your interest back. Cheaper, too!
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:13 AM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST