Whats up E60 Family, Another question i have is what do you guys think about this. I have a 2006 Yukon and 2007 5series, that will both be paid off in 2012 middle of the year, so Im kind of stuck between trading, them in for a X5, and a 7Series. Or should i wait until they are paid off, whats your guys thoughts?

 

Without knowing your financial situation one basic question is, "Are you upside down with either vehicle?" Your '07 may be worth a fraction of its original MSRP and I have no idea what your Yukon is worth. With new car incentives getting fat, most used car prices are plummeting. And your BMW dealer won't be excited about taking your GM truck in trade - you definitely should try to sell that one privately.

 

Yes i am upside down on the yukon, but not on the 5 so yea i guess i should probably pay it off but im thinkin that if i pay both off then i can trade in without putting little or no money down?

 

I would just pay off both of them and then keep both of them. Once you have a decent down payment, then get the new 7. The way the car market is right now, I wouldnt even consider trading in any of my cars. Tooo much of a loss.

 

I actually want to ask, what if you have a car built in 2006 but you've only clocked just below 25,000km (15,534miles)?

Will the low KM help at all or will the car still be hit hard with depreciation?