Quote:
Originally Posted by NickG
Sorry to hear of your troubles, but I think the biggest point is that it's a buyer's market out there at present. Second hand prices for just about everything are pretty woeful. I also totally agree that options get especially heavily discounted in the buyer equation. BMW even factor this into to their Full Circle Lease deals (where they agree to pay you back a nominated % of the original purchase price at end of lease). Effectively, the more options, the less the nominated %. One reason why I didn't bother with a sunroof on my 335i....
However you look at it, a new car is one of the worst investments you can ever make. So you better ensure you really enjoy driving it then!  |
How very right you are! I do love BMWs but although I want to enjoy driving it, I know I will eventually sell it, and when I do I want to minimise my losses to a reasonable degree so that I can then purchase another one.
I've bought two new ones, both with a reasonable number of options, and my eyes water when I add up the depreciation. I can't bring myself to do it any more so now I'm going for 1 yr old models as that is far easier to swallow and it also means I can get a higher specification than I could get new - I'll still spend the same, but will loose less...
The running costs don't bother me but when I buy a BMW I do want a few of the nicer options like a sports pack, metallic paint and sunroof - right there you loose around $9500 if you buy these on a new car.