Quote:
Originally Posted by Jon D
I've been waiting for this to happen. I drove the 840 last November and was very impressed so I asked the dealer to quote for a trade in on my Sep '16 640i convertible, fully specced, immaculate condition and under 10k miles.
Of course, there was no discount at the time so no surprise there but what I didn't expect was the offer of just £30k on my car. List price when I bought it was £75k so that represents a depreciation figure of 60% in just over two years. Granted, I got a decent discount on my 6 (I paid £57k) but it was still a bit of a shock. So much for BMWs holding their value!
I've now decided to take extended warranty and keep my car until Sep '20. Hopefully by then the discounts will be significant...
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In my opinion, it only tends to be M cars and Alpinas that will hold / increase in value.