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Read the WELCOME ALL BMWFANATICS post.
F10 resale
- Thread starter Dre
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tman
Well-known member
its a car, its inevitable that it will lose money.
I've seen historically Msport models hold value much better, if that is of any substance?
Other than that consider the market size for these cars, something like a 3/5 series have a much bigger market (demand) than something like a 6/7 series. I rate you are pretty much in the sweet spot for demand with the 520d, and looking at depreciation figures it will most probably be lower end.
I've seen historically Msport models hold value much better, if that is of any substance?
Other than that consider the market size for these cars, something like a 3/5 series have a much bigger market (demand) than something like a 6/7 series. I rate you are pretty much in the sweet spot for demand with the 520d, and looking at depreciation figures it will most probably be lower end.
Rory
Member
Considering its a 2013 and its now 2018 it's probably still just in motorplan. There's usually a large price difference between those still in plan and those just out of plan ie 99000km vs 101000km. After that drop the depreciation is relatively slow considering that you're probably buying it at 1/3rd the cost of a new one.
mgwaiting:
cOlDFuSiOn
New member
Indeed they have tanked in value, bargains can be picked up but then you should keep it. In 2/3 years the G chassis will be much more common on the road too!
zippy320
Well-known member
One thing I notice about 5`s 7`s , E-Class , and S-class cars , their resale values drop like a brick in water . And people in the general population tend to view them as risky buys when out of motorplan .
Lovely cars can be had cheap. Your car is close to the end if its standard motorplan , I dont think its reached the peak of its depreciation (although it probably has depreciated a lot since new ) you could still extend the motor-plan before it ends so you could be getting an excellent trouble free car for another two years at a very good price! This might also slow down its depreciation if you wish to trade in at a later stage.
Let BMW look after it for those extended motorplan years, have them fix any faults that come up within those two years and when your happy , you have a trouble free car for many years to come .
Lovely cars can be had cheap. Your car is close to the end if its standard motorplan , I dont think its reached the peak of its depreciation (although it probably has depreciated a lot since new ) you could still extend the motor-plan before it ends so you could be getting an excellent trouble free car for another two years at a very good price! This might also slow down its depreciation if you wish to trade in at a later stage.
Let BMW look after it for those extended motorplan years, have them fix any faults that come up within those two years and when your happy , you have a trouble free car for many years to come .
TurboLlew
Honorary ///Member
zippy320 said:
Good post.
I think it is fine to own modern large cars out of plan if you have no car payments or if you maintain a reserve. The BS of BMW designing them for 'only 100000km' and then they grenade themselves needs to stop -> Saudi has cars with 8 year/160000km plans on the floor. There are problematic models for sure, but we learn about these relatively quickly these days. A 7/A8/S will be more expensive out of plan than an ordinary car, but the point is they are not really ordinary cars.
Normal servicing is the same or in some instances (looking at Hyundai as my direct example) more expensive. Nobody realises how complex and in some instances unreliable their "little" cars have actually become, so perception on cost of ownership is inaccurate, but that is a different story. It is when things go wrong that you end up forking out big money in a single instance which has a psychological impact on your trust/perception of the car. Still, avoiding eg: R100K in maintenance over 3 years on a paid up luxury car but spending R300 - 500K on a 'new' car that will inevitably be a downgrade in some sense (unless of course you spend even more) doesn't make a lot of sense. Of course there are exceptions and some cars are extremely problematic, circumstances change etc...
Anyway the point of those comments is that unfortunately the target market for people who a) think this way and b) have the cash (and willingness to spend it) to walk that talk is quite limited hence these cars have much lower demand and so you will inevitably end up taking a bit more of a knock than smaller and less complex cars.
As to whether you should buy now or not? Depends on what you are going to pay. There are a lot of deals out now and I've seen many F10s coming up for very good prices and looking at what guys say they are getting for trades, I am sure there is a lot of space for negotiation in showroom prices. Ideally you want to buy it with a little plan left so BMW can pick up the bill for any niggles. If you can, extend the plan or work it into your negotiation. Spotted a 540i for R820 the other day - R400K drop from launch to now is a lot. The first owners take the biggest baths. Will you lose? Probably. Will you lose as much as that, relatively speaking? I doubt it. If you get it at the right price of course....
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