Depreciation

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petrivanzyl

Guest

• May 22, 2012

• #1

So I made this calculation:

I got my E90 320d new for R318000 in Jan 2007 and sold it for R135000 in April 2012. It means it lost R183000 in value in 64 months. That is a depreciation rate of 10.8% per year.

Do you guys think this is a average rate that could be applied to most cars/BMWs? It actually seems less than I imagined...

 

Yulz9081

Honorary ///Member

• May 22, 2012

• #2

Well not that there's any correlation but to make you feel better the taxable depreciation is 20%

 

Z

zaleonardz

Well-known member

• May 22, 2012

• #3

Thing is,

You probably bought a base model judging by the price, have you specced it higher, you would be in for way worse

Say a 330 sportpack or something...

 

Twinz

Forum - Support

Staff member

• May 22, 2012

• #4

Was the 2007 a trade in on the F30?

I would have expected 15 - 20%

 

P

petrivanzyl

Guest

• May 22, 2012

• #5

zaleonardz@DentDoctor said:

Thing is,

You probably bought a base model judging by the price, have you specced it higher, you would be in for way worse

Say a 330 sportpack or something...

Click to expand...

The E90 was an exclusive.

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Twinz said:

Was the 2007 a trade in on the F30?

I would have expected 15 - 20%

Click to expand...

Did not trade in, but sold privately for about the same price they would have offered on trade in. That way I got an extra R10000 discount on F30:thumbs:

 

CocoPops

Honorary ///Member

• May 22, 2012

• #6

its actually less once u take vat out..

 

abmi0000

///Member

• May 22, 2012

• #7

I don't think that it is a general % across the board. Demand plays a huge factor.

 

CocoPops

Honorary ///Member

• May 22, 2012

• #8

yup I agree fully with Abmi.. over 5 years its around 55% depreciation which is still quite a bit.. and im sure the biggest off that was in the first 3 years.. still within normal ranges though.