E60 Depreciation
02-21-2006, 06:46 AM
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My Ride: I have a 2004 E60. It was registered in January 2004. It's a Black Sapphire 530i SE with a few options:
- Auto-dim interior + folding exterior mirrors
- Automatic gearbox
- Bi-Xenon headlights
- Bluetooth
- Leather interior (Black-Dakota)
- Navigation system - business
- Service inclusive
- Sport steering wheel
- Star spoke 124 8Jx18"/9Jx18" + run flats
- Top tint windscreen
- BMW 6-CD autochanger
- Supagard paint treatment
- BMW carpet mats
I bought my E60 from my local BMW dealer in late 2004. He reassured me that these cars are great value and as it was a 6-month old demonstrator, it had already lost around ?6K of its value so wouldn't lose money at the same rate as these cars don't depreciate too much. A couple of weeks ago I asked for a buy-back price just out of interest and he gave me a price that amounted to almost ?1000 per month depreciation over two years!
The car is two years old and is worth less than 50% of its cost price (according to the same dealer that I purchased it from). The depreciation on these cars is horrendous. Obviously selling privately I can get far more for it.
The car is two years old and is worth less than 50% of its cost price (according to the same dealer that I purchased it from). The depreciation on these cars is horrendous. Obviously selling privately I can get far more for it.
02-21-2006, 06:59 AM
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My Ride: MY RIDE is DA real .-) HAMANN 5 aka BLACK MAMBA born on 16/06/2005/delivered on 05/08/2005 as following:
530dA (steptronic), Black II (JET), leather Dakota auburn black, mapple trim, head-up display, dynamic drive, active steering, adaptive xenon headlights (auto levelling) with headlight washers, alarm, comfort seats with massage function, advanced A/C, big compartment armrest, aux-in, MP3, Logic 7, Radio PRO, CD in-dash+cd changer, power rear sunshades, rear airbags, park distance control, auto dimming folding mirrors, smoking package, shiny shadow line (individual), fold down rear seats, ski bag, sport suspension, run flats on �116-style� rims (Good Year NCT5+), cup holders, debadged, fire extinguishers, additional permanent power outlet, BMW coat hanger, trunk release button (installed by Hobi), GPS tracking device and a big thx 2 Iceman.
Mods done:
� Authentic HAMANN FRONT APRON Including ellipsoid fog lights Item-No.: 10 060 110
� Authentic HAMANN REAR SPOILER Item-No.: 10 060 130,
� Authentic HAMANN HAMANN ALUMINIUM PEDALS For cars with manual gearbox Item-No.: 80 099 100 81,00 For cars with automatic transmission Item-No.: 80 099 120
� Authentic HAMANN FOOT REST In aluminium For left-hand drive vehicles Item No. : 80 099 122
� Authentic HAMANN HAND-BRAKE LEVER In aluminium For left- and right-hand drive cars Item No. : 80 099 216
� Authentic HAMANN Idrive of alu (sorry this is the only one in the World) but you can have it in carbon fiber ,
� Authentic HAMANN EXCLUSIVE FLOORMAT SET In black with HAMANN logo in silver For left-hand drive cars Item-No. : 80 060 120 For right-hand drive cars Item-No. : 80 060
� Authentic HAMANN COVER FOR OIL FILLER CAP In aluminium Item-No.: 80 099 117
� Authentic HAMANN SPORT REAR MUFFLER 4 TAILPIPES Sport rear muffler with four round stainless-steel tailpipes ( � 76mm ) Item-No.: 50 060 111
� Authentic HAMANN new add-on for M pack rear with diffusor for quad pipes -AVAILABLE NOW (http://forums.e60.net/index.php?act=ST&f=22&t=30630&st=0#entry332409)
� ///M steering wheel w Pegasus logo (this will be also changed to three spoke sports)
� ///M pack rear
� HAMANN ECU upgrade 265 HP 608 Nm.
most improtant:
�real and working like a charm forumsbuy real LED tails and PIAA 4700k fogs!!! for HAMANN full front apron you need H3
� CustomAngels, Angel Eyes Brighter than stocks 10X, WHITE & (REd for shows).
� Authentic HAMANN LIGHT-ALLOY WHEELS DESIGN EDITION RACE 20"
Ultra-light forged 3-pieced light-alloy wheel, Cross-spoke-design,Spider in black, titanium, screwing,polished flange
DIMENSIONS : 9.0 J x 20 FA Item No.: 91 207 315
10.5 J x 20 only RA Item No.: 91 207 625
Recommended 20" Complete Wheel Set DESIGN EDITION RACE I went with most aggressive Combination A.10 FA 9.0 J x 20 / RA 10.5 J x 20 with tires: FA 245/30 ZR 20 / RA 285/25 ZR 20
� Authentic HAMANN LOWERING KIT 4 progressive sport springs Lowering by approx. 40 mm FA, 20 mm RA Item-No.: 20 060 125
� Authentic HAMANN TIRE - PRESSURE CHECK SENSOR SYSTEM
� Authentic HAMANN SIDE SILLS Item-No.: 10 060 120
� Authentic HAMANN REAL CF ROOF SPOLIER Item-No.: 10 060 235
� Authentic HAMANN AIRBAG SPORT STEERING WHEEL 3-SPOKE Three-spoke design w their SMG paddles (For assembly O.E. airbag in exchange)
� Authentic HAMANN sports mirrors (all functions)
!!!!!!!!!!!!!!!!!!! and of course !!!!!!!!!!!!!!!!!
E60.net Clings
Still to do list;-):
� Our Hobi's camera system from : ww.switchchange.com).
� Individual leather interior (auburn+auburn alcantara)... and drive with sheer drivin' pleasure ... until 2009/2010 F10 comes or E60 possibly a 540d V8 diesel early in 2009 badly juiced!
Originally Posted by Taz' post='243685' date='Feb 21 2006, 04:46 PM
I bought my E60 from my local BMW dealer in late 2004. He reassured me that these cars are great value and as it was a 6-month old demonstrator, it had already lost around ?6K of its value so wouldn't lose money at the same rate as these cars don't depreciate too much. A couple of weeks ago I asked for a buy-back price just out of interest and he gave me a price that amounted to almost ?1000 per month depreciation over two years!
The car is two years old and is worth less than 50% of its cost price (according to the same dealer that I purchased it from). The depreciation on these cars is horrendous. Obviously selling privately I can get far more for it.
The car is two years old and is worth less than 50% of its cost price (according to the same dealer that I purchased it from). The depreciation on these cars is horrendous. Obviously selling privately I can get far more for it.
02-21-2006, 07:09 AM
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My Ride: I have a 2004 E60. It was registered in January 2004. It's a Black Sapphire 530i SE with a few options:
- Auto-dim interior + folding exterior mirrors
- Automatic gearbox
- Bi-Xenon headlights
- Bluetooth
- Leather interior (Black-Dakota)
- Navigation system - business
- Service inclusive
- Sport steering wheel
- Star spoke 124 8Jx18"/9Jx18" + run flats
- Top tint windscreen
- BMW 6-CD autochanger
- Supagard paint treatment
- BMW carpet mats
I want to buy a Porsche Cayman S as the E60 is too big for me and I never use any of its practicality! It's below average mileage and it's a great car but I want to go back to a sports car (I had a Boxster before).
02-21-2006, 09:41 AM
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My Ride: #1: 2004 545i; 6-speed manual; Sport Package; Mystic Blue with a gray leather interior and Anthracite wood; CWP; Logic 7.
#2: 2010 535xi Touring; Automatic.
Originally Posted by Taz' post='243693' date='Feb 21 2006, 10:09 AM
I want to buy a Porsche Cayman S as the E60 is too big for me and I never use any of its practicality! It's below average mileage and it's a great car but I want to go back to a sports car (I had a Boxster before).
But I love the Cayman! I'm not a big fan of convertibles. The roofline on that car is fantastic. Have fun.
02-21-2006, 10:09 AM
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My Ride: 2014 X5 xDrive 5.0 M Package Carbon Black Metallic/2008 M Roadster Imola Red
The other day I noticed that my dealer is asking within several $k of what I paid for my 545i in June 05 for a used car essentially like mine. Of course, they shouldn't be able to get this much, but, still, the attempt is interesting.
02-21-2006, 10:23 AM
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All cars deprecitate fast, especially new cars. Given, E60 will depreciate slower than others, since it a bimmer 5 series, but still.... in couple of years you will be able to get 04-05 530i for $25K - that is what 01-02 5ers cost right now. But you buy the car not to sell - but to enjoy!
02-21-2006, 11:05 AM
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Originally Posted by Taz' post='243685' date='Feb 21 2006, 03:46 PM
I bought my E60 from my local BMW dealer in late 2004. He reassured me that these cars are great value and as it was a 6-month old demonstrator, it had already lost around ?6K of its value so wouldn't lose money at the same rate as these cars don't depreciate too much. A couple of weeks ago I asked for a buy-back price just out of interest and he gave me a price that amounted to almost ?1000 per month depreciation over two years!
I guess that spec was about ?36k new and you purchased for about ?30k? And now they're offering about ?12k???
02-21-2006, 11:57 AM
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My Ride: Ordered: 530i - Silver Grey, Black Leather, Anthercite Headlining, HUD, Type 116 Wheels, Sat Nav, Bi-Xenons, Auto dimming/folding mirrors, delivery 1st March 06!
Current: E39 525i - Black, Black Leather, Xenons, Through Load, Anthercite Headlining.
History: ....
Originally Posted by TexaZ3' post='243747' date='Feb 21 2006, 07:23 PM
All cars deprecitate fast, especially new cars. Given, E60 will depreciate slower than others, since it a bimmer 5 series, but still.... in couple of years you will be able to get 04-05 530i for $25K - that is what 01-02 5ers cost right now. But you buy the car not to sell - but to enjoy!
02-21-2006, 12:21 PM
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My Ride: '06 550i 6 Speed MT, Navigation, PDC, Cold Weather Pkg, Logic7, Prem Pkg, Sport Pkg, Active Steering, Comfort Seats, Comfort Access, HUD, Alpine White on Black Dakota & a Big Grin ;-) <---- On the vessel from Germany...
********
'05 545i 6 Speed MT, Navigation, PDC, Cold Weather Pkg, Logic7, Prem Pkg, Sport Pkg, UUC EVOIII SSK, Silver Gray on Black Dakota..... (Buy back by BMW NA)
Markets arround the world are obviously different; here in the US, BMW calculate your lease price for 36 months based on a residual of about 60%, rise from the fact that BMW is not here to lose money - the numbers are correct and even conservative, your definitely not going to lose 50% in a 2 year period over here.
02-21-2006, 12:41 PM
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My Ride: 530d Touring
Model Year: 2007
Originally Posted by Gadgets' post='243802' date='Feb 21 2006, 09:21 PM
Markets arround the world are obviously different; here in the US, BMW calculate your lease price for 36 months based on a residual of about 60%, rise from the fact that BMW is not here to lose money - the numbers are correct and even conservative, your definitely not going to lose 50% in a 2 year period over here.
UK cars usually depriciate like this...
6 months old -30%
12 months old -40%
24 months old -47%
36 months old -52%
If you work on that and that your car should have been around ?36/37k then I would guess you were offered around ?15/16k with them selling it on for around ?18/19k??
I bought my 535d touring just over 6 months old and saved 28% on invoice price, I could have got a car a couple of months newer with less than 2000 miles on it for a grand less (mine had 20k on it) but the options made this the better buy imho, this one had everything you expect and then Panoramic roof, heated seats and the heads up display, plus it had already been remapped by DMS.
All cars depriciate, and I bet the Cayman S will be just as bad. The art is to buy them 12 months old privately and run it for a year, sell it again with full warranty for a year and take the 5% hit.
I have bought and sold 8 cars since Jan 04 doing it that way, and this 5 series is the only one I know I am going to loose loads on, but I want to keep it for a while so I don't care.
Also, you bought the petrol, and they are never going to hold their value like the diesel will.