04-15-2020, 02:32 AM | #67 |
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04-16-2020, 04:36 AM | #68 |
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Hmmm, returning to original subject, I am just faced to an opposite situation.
Two days ago Aston Martin dealer (from Arabian part of the world) asked me to sell my First Edition to them (they particalary have customer asking first edition one) for 160k eur ex VAT ! (I purchased mines for 107k EUR ex VAT so there could be nice 50k win for this), but so far I am not inclined to sell mines. :-) Last edited by BranoMW; 04-16-2020 at 05:52 AM.. |
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04-16-2020, 10:42 AM | #69 | ||
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of course, no takers as you can get my 850i anywhere. if I had a first edition, I would sell it for a profit. oddly enough when shopping for my m850i, I got offered tons of First edition but I wanted the convertible. |
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04-16-2020, 01:13 PM | #70 | |||
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04-16-2020, 01:47 PM | #71 | ||||
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04-16-2020, 02:32 PM | #72 | ||
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https://www.bmwstore.com/new/BMW/201...ource=cars.com there is where you can buy a NEW first edition 2019 brand new for $100k USD. don't be dumb, sell them this one. make profit. |
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04-16-2020, 02:46 PM | #73 |
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side note: I think 100k to buy or sell a $130k car after less than a year, is a big drop, but fair and honest.
80k for 140k is just insane. 120k for 140k is fair, and $110k for 140k is a good deal. |
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04-16-2020, 03:30 PM | #74 |
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I like the money (money never smell :-), but I also like my car. Indeed I consider to go the way to offer some other first edition to them (I have already some in the focus) and to make some profit anyway. Let see.
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04-16-2020, 08:52 PM | #75 |
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Irony is that this article hit my news feed this afternoon... https://www.kxnet.com/news/local-new...oming-a-trend/
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04-16-2020, 08:54 PM | #76 | |
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I will confirm that I used SwapALease to get out of an i8 and BMW USA was great with making the process simple and stress free... |
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04-16-2020, 08:58 PM | #77 | ||
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p.s. I found a pre-crash website that shows normal car depreciation and BMW is bottom of this list. I kinda wish I knew that before I bought my car. but I thought I was going to buy and hold forever, but I thought that on my previous Infiniti g37x too. But even 6 years on my g37x and most cars is 33%, lexus is like 40%, and BMW is 22-24% on a good day. and year 1 is horrible insane. even 3 years is rough. |
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04-16-2020, 09:18 PM | #78 | |
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Last edited by bloozemanAZ; 04-16-2020 at 09:33 PM.. |
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04-17-2020, 02:06 AM | #79 | |
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04-17-2020, 10:12 AM | #80 |
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04-19-2020, 11:25 AM | #82 |
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04-20-2020, 02:43 AM | #83 | |||
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04-20-2020, 11:48 PM | #84 | |
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Passion by definition throws logic straight out the window. Case-in-point I can look at myself and easily state that I have many examples of passionate buys (including the M850i in the garage, audio gear, watches, wardrobe, etc.) that without said passion logic states I would have bought all of it differently. Car wise you just need to get from point A to point B and a Hyundai can do that. Watch wise a $20 quartz watch from any manufacture will get the job done. Audio wise I could have went to Best Buy and bought any off the shelf system. Wardrobe wise I could have went to Target or Walmart. Sure, my 2020 M850i from a depreciation standpoint is going to drop like a rock. Am I losing sleep over that? Not at all. For those that didn't know the BMW depreciation curve and bought out of passion am I going to disparage them over it? Not at all. Last edited by bloozemanAZ; 04-21-2020 at 12:22 AM.. |
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04-21-2020, 11:21 AM | #85 |
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I don't need to explain myself to anyone; however, I will let you know the reason for my purchase. I worked for over 20 years without spending anything on my self. My most expensive car was less than $30,000. My mother at the age of 78 lost the ability to move her legs and was confined to a hospital bed. She always wanted a 911, but never got close.
With a family myself, I wanted a large enough convertibe with a v8 to have fun as a 4th vehicle for us. The three times I was able to get my mom into the car and give her some fresh non-hospital air with an open air drop top at 60 mph was priceless and I wouldn't trade it for the world. To be off ventilation tubes and breathing fresh air while seeing the blue sky, green grass and trees is beyond words in the looks on her face. I had no way to know the extent of my child's motion sickness or my wife's displeasure for the car at the time. However, I had planned to own the car for a lifetime and as it turns out I still might keep it for over a decade for me. I purchased the m850i at such a low price, multiple dealers rejected my price and wouldn't even match the price offer I got from BMW Richmond. Eventually one nearby dealership did price match, but even then they fought me up until the final minutes when I told them I'd gladly drive 2 hours for the lower price. Why I went with the local dealer instead of Richmond is only because I liked the local salesman, but even he was trying to squeeze a few extra thousands out of me. Everyone lives their life in their own way. I wouldn't change a thing, and even if I light a quarter mil on fire; the truth is that I would never miss it and my life wouldn't change in the slightest. My salary in my last year alone, even without my wife's salary would pay for a fleet of M850i and time is always more valuable than money, also friends and family is far more valuable than time. Time with people that love you is something you can't put a price on. |
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04-21-2020, 08:55 PM | #86 | |
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04-22-2020, 01:56 PM | #87 |
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Great thread. First, I was tempted to offer to buy the OP's car, until I read that it is covered in, and smells of baby puke. LOL.
I appreciate all of the comments from other folks that don't hold on to cars too long and get eaten up with that first year depreciation. I just sold (waiting on pickup) my (purchased new) M2 after about 18 months of ownership, losing a YUGE amount of money. Ouch. But I've done worse on Porsche (Panamera S) and several other BMWs. You gotta pay to play. And yes, this is a lousy time to sell a car. I came this close || to buying an M850i convertible right as the virus lockdowns started up, and the best offer I got was $91K for a new 2019, few or no options, about a $23K discount. Another dealer offered about $99K. So $80K wholesale seems quite reasonable - well, not reasonable perhaps, but understandable. Of course, those offers came with absolutely ridiculous trade-in offers on my 540i, which shows that NOTHING with a roundel on it has a decent resale in this market. As others have noted.
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04-22-2020, 02:20 PM | #88 | |
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