E60 Depreciation
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Joined: Sep 2004
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From: East Coast
My Ride: 530i 6 speed
I also shopped around a bit recently and the quotes I got for trade in are pathetic. The car is exactly 18 months old, has less than 8000 miles on it and no one offered me more than $39,000, which is a depreciation of ~ $20,000 in 18 months! I didn't try to haggle too much.
Two non BMW dealers flat out told me they don't want an E60 as trade in, since thay are so full of problems.........
Two non BMW dealers flat out told me they don't want an E60 as trade in, since thay are so full of problems.........
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Members
Joined: Jun 2005
Posts: 30
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From: London, UK
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
The Porsche dealer has offered me far more in part exchange for the Cayman S! That's the irony of the whole situation. By the way, the car was ?40K new. Parkers Guide and Glass's guide (the detailed paid-for valuations) put the retail value at ?24.5K and the trade-in value at ?22.4K.
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Joined: Feb 2006
Posts: 1,552
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From: The United Kingdom
My car is almost 2 years old with 33,00o miles and I just bought it for ?24K.
I believe it would have cost about ?38K new given the various factory fitted options, but presumably the first owner would have negotiated some sort of discount of the list price.
What car have an excleeent depreciation index:
http://www.whatcar.com/depreciation-index.aspx
and the aa have an online valuation system based around glasses guide:
https://www.theaa.com/cbg/ManufacturerActio...y=fullValuation
I used these to help determine if the dealers prices were sensible. Given that I saw several 03 plate 530d's for ?25K I determined that the dealers charge whatever the think they can get away with. Likewise trade in values.
I believe it would have cost about ?38K new given the various factory fitted options, but presumably the first owner would have negotiated some sort of discount of the list price.
What car have an excleeent depreciation index:
http://www.whatcar.com/depreciation-index.aspx
and the aa have an online valuation system based around glasses guide:
https://www.theaa.com/cbg/ManufacturerActio...y=fullValuation
I used these to help determine if the dealers prices were sensible. Given that I saw several 03 plate 530d's for ?25K I determined that the dealers charge whatever the think they can get away with. Likewise trade in values.
Senior Members
Joined: Sep 2005
Posts: 301
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From: Dublin. Ireland
My Ride: 09 - 520d M Sport - Steptronic - Carbon Black - Black Dakota Leather Sports Seats electric- Auto Climate - Piano Black Bamboo - Antracite Headlining - Business Media Kit - Sat Nav - Bluetooth - CD Changer - Auxillary Port and USB - M Sport Multifunction Steering - Lowered M Suspension - 18" Alloys with RFT - M Badged - M Bumpers and Bodykit - Park Distance Control - Advanced Voice Rec - Auto Dim Mirror - Privacy Glass - 5 Year Service Inclusive
Previous -06 - 525 M Sport - Steptronic - Sapphire Black - Black Nappa Leather Sports Seats - Auto Climate - Alluminium Cubed Interior - Anthracite Headliner - Business CD with Auxillary Port - M Sport Multifunction Steering - Bluetooth - Lowered M Suspension - 18" Alloys with RFT - M Badged - M Bumpers and Bodykit - Park Distance Control - Spare Wheel kit - Advanced Voice Rec
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!
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.
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Joined: Jul 2005
Posts: 26
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From: nashville, tn
My Ride: '03 540i 6MT
'04 R1100S
Originally Posted by drjochen' post='243815' date='Feb 21 2006, 03:46 PM
I also shopped around a bit recently and the quotes I got for trade in are pathetic. The car is exactly 18 months old, has less than 8000 miles on it and no one offered me more than $39,000, which is a depreciation of ~ $20,000 in 18 months! I didn't try to haggle too much.
Two non BMW dealers flat out told me they don't want an E60 as trade in, since thay are so full of problems.........
Two non BMW dealers flat out told me they don't want an E60 as trade in, since thay are so full of problems.........
Senior Members
Joined: Dec 2005
Posts: 1,397
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From: Fort Worth, TX
I bought my 04 530i used (details below, w/ only 10K on it) in December 05 and pain $40K - original invoice price was $57K. So there - $17K depreciation over 20 month period - nearly $900 per month! Hope it will depreciate slower no that I own it (I wish!) :-)
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Joined: Feb 2006
Posts: 1,552
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From: The United Kingdom
Originally Posted by gIzzE' post='243810' date='Feb 21 2006, 09:41 PM
Also, you bought the petrol, and they are never going to hold their value like the diesel will.
After looking into it I was persuaded that, for the sort of driving I do, the 530d was the faster car.
Also as I expect to drive about 30,000 miles a year over the next 3 years, the extra fuel economy of the deisel will be the icing on the cake.
The other factor for me was that in the UK, the vast majority of 'older' 5's on the road are 3.0d's and I wanted to know that mine would still be 'sellable' in 1,2 or 3 years time.
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From: London
Originally Posted by gIzzE' post='243810' date='Feb 21 2006, 09:41 PM
All cars depriciate, and I bet the Cayman S will be just as bad.
Depreciation on BMW saloons in the UK is shocking - E60's are performing very poorly at the moment (worse than competitors like the E class, CLS and Lexus GS).
BMW are just knocking them out at discounts of upto 11%. Some of the magazine statistics havent caught up yet - for example What Car? reckon that a 530i will retain 60% (approx) of is value after 3 years !!!!
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Joined: Feb 2006
Posts: 1,552
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From: The United Kingdom
Originally Posted by SKK' post='244148' date='Feb 22 2006, 01:58 PM
I disagree - the Cayman will depreciate considerably less in the UK than the current E60. Porsche depreciation percentages especially for cars like the Boxster are very good indeed. Even the 911 holds up well.
Depreciation on BMW saloons in the UK is shocking - E60's are performing very poorly at the moment (worse than competitors like the E class, CLS and Lexus GS).
BMW are just knocking them out at discounts of upto 11%. Some of the magazine statistics havent caught up yet - for example What Car? reckon that a 530i will retain 60% (approx) of is value after 3 years !!!!
Depreciation on BMW saloons in the UK is shocking - E60's are performing very poorly at the moment (worse than competitors like the E class, CLS and Lexus GS).
BMW are just knocking them out at discounts of upto 11%. Some of the magazine statistics havent caught up yet - for example What Car? reckon that a 530i will retain 60% (approx) of is value after 3 years !!!!
new: 43,550
1 Yr: 29,614 - 68%
2 Yr: 26,356 - 61%
3 yr: 23,194 - 53%
4 yr: 20,194 - 46%
Porsche Cayman Coupe 3.4 S 2dr
New: 43,930
1 Yr: 37,749 - 85%
2 Yr: 34,001 - 77%
3 Yr: 30,601 - 70%
4 Yr: 27,548 - 63%
Cayman beats 5 series for depreciation (530d depreciates a bit better than the 550, but is still 54% after 4 years)
BUT 5 series beats cayman on number of seats
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Joined: Jan 2006
Posts: 9
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From: Texas
My Ride: Sapphire Black 545i with Steptronic, Nav, Sports Package, and Rear Window Shade
Due to family issues I wanted to trade in my 2005 545i for a 2005/2006 Toyota Land Cruiser. I paid $63,000 for my car and when I went to trade it in, the trade value was $46,000 according to Kelly Blue Book. That hurts!!! My cars' depreciation value is more than my payment!!! Hopefully the depreciation value will slow down, from an investors perspective this might have been a bad investment. However, getting behind the wheel of her, makes me forget all about that!!! Now if I can convince the woman to have both!!!!