WTF is going on with BMW value?

[Sabretooth tiger]

So I want to sell my 323i in immaculate condition, went to Leo Hase and was interested in a 320d exclusive 2010 model with 17 000km on it. The offered me R110 000, thats R30 000 less than trade, the reckon its cause the market is flouded with E90's and Im nearly out of motorplan blah blah blah. I also saw a 2008 32d M-sport with 50 000km being sold for R199 900.

What is happeing to our cars values:shocked:

Makes me wanna ditch my beloved BMW brand.

 

[Ricky318i]

Shop around for the best trade in price on your car. Not much else you can do... :dunno:

 

[STREETRACER]

its shit but its facts! but look at any car! prices drop now like mad! problem is people dont get loans these days and and and.. so cars prices drop like a mofo! you can buy a clean E90 320i with under 100'000km's for 140k.. brand new 320i start basic basic basic sells for R320k.. Im a masive BMWFanatic!!!!! but would you buy a 320i bottom of the range BMW for R320k or would you drive a top of the range Golf 6 GTI for the same price? soz but ill drive the G6 then any day!!!

 

[zaleonardz]

Dude,

Where have you been in the car market lately, your lucky if they are going 30k behind, thats more or less acceptable. Its when you go 50 to 100k behind where you really start hurting.

And its not just BMW, not by a longshot, the worse of the german 3 is Audi, by far, merc is slightly better, but not by much.

Just be smart and make sure you are paying below retail as well, it does kinda balance out.

If you want a car that is going to depreciate slowly, as well as keep its value, you go and buy a small lil chick car like a Yaris or something, they keep their value.

THats just my view anyway

Good luck with the sale dude, you can pehaps get between trade and retail on a private sale...

 

[Sabretooth tiger]

The worst part of it is I get offered better prices with other brands, a certain garage offered me R135 000 if I buy a new car from them, where as LeoHase expect of me to buy a car for the same value and give me R25 000 less.

Leo Hase in Centurion even messed me around for a entire week, I was going to purchase the 320d with a "special" price of R249 900, after a week of promise that the salesman is working on a deal for me the price went up to R319 000.:hammerhead:

---

Dude,

Where have you been in the car market lately, your lucky if they are going 30k behind, thats more or less acceptable. Its when you go 50 to 100k behind where you really start hurting.

And its not just BMW, not by a longshot, the worse of the german 3 is Audi, by far, merc is slightly better, but not by much.

Just be smart and make sure you are paying below retail as well, it does kinda balance out.

If you want a car that is going to depreciate slowly, as well as keep its value, you go and buy a small lil chick car like a Yaris or something, they keep their value.

THats just my view anyway

Good luck with the sale dude, you can pehaps get between trade and retail on a private sale...

I am shoping around at he moment. My Focus which is not even in the league of the BMW kept its value much better, its crap actually, started falling apart after 2 months. I know about Audi, they are worse, luckily I dont like the brand. So I was offered R5 000 below retail on the car I mighht buy with full settlemt on my BMW, so might go for it. And its brand new atleast, so no stress after 18 months about motorplan.

 

[Sankekur]

The first part of this is due to motorplan, as its adds a massive amount to the price of the car when bought new, but you lose this when the car is no longer under motorplan. The second part is high part prices, as this cause everyone to want a BMW that is still under motorplan and everybody to sell their BMWs when they no longer have motorplan. So the market gets flooded with just out of motorplan BMW for pretty cheap. SO the best bet is to buy a BMW without motorplan as it looses its value slower after the motorplan has run out and you don't take such a big knock when you decide that you want to sell. Just remember that party why part prices are so high is so that they can cover their motorplan shortfall.
I am hoping BMW will re-evaluate this situation sooner rather than later, unless BMW actually want older BMW's to die, then they are on the right track (wouldn't put this past them).

 

[zaleonardz]

The reason why other guys are offering you higher, is that they have more meat in their cars,.

Glad you got sorted bud....

I am of course allergic to buying new cars,

 

[Sabretooth tiger]

The reason why other guys are offering you higher, is that they have more meat in their cars,.

Glad you got sorted bud....

I am of course allergic to buying new cars,

Thanks bro, if you dont mind me asking, why you alergic to buying new cars?

 

[zaleonardz]

simple fact of depreciation, and that the curve is not straight line

A new car, you drive it off the floor, and its dropped 20% in value for a novility of saying I have a new car, even demo models that are cheaper, but still dammed expensive, you do 1000 km with the car, and its no longer a demo, its now second hand.

I recon you are much better off buying a one year old with 30k on the clock, still under warentee, still under mainatnance, and whatever crap there was with the car, the previous owner sorted out.

Also, I have been involved in the automotive sector for many years, you think that brand spanking new car you have just baught has not been to the panel beater once or twice, had a lot of glass replaced, in some cases post manufacutring changes done while the car is in storage.

The only time you can be absolutely positive you are getting a brand new car is if you watch it being built, and you drive it off the assmembly line yourself.

Its purely a money thing, I dont like to waste, try this one. go find out the price of a brand new car, no extra's nothing. Then ask the dealer to borrow his book, and price the identical 1 year old car in terms of trade, and ask yourself is owning a new car worth the premium... some feel it is

Anyway, post pics of the new ride ehwn you get her, oh ya, there is a new 3 series coming out in 2012 I think, so if you hang on till the end of the year when dealers try and clear old stock, you could get a bargain, samew is to be said about your trade in though

 

[Sabretooth tiger]

simple fact of depreciation, and that the curve is not straight line

A new car, you drive it off the floor, and its dropped 20% in value for a novility of saying I have a new car, even demo models that are cheaper, but still dammed expensive, you do 1000 km with the car, and its no longer a demo, its now second hand.

I recon you are much better off buying a one year old with 30k on the clock, still under warentee, still under mainatnance, and whatever crap there was with the car, the previous owner sorted out.

Also, I have been involved in the automotive sector for many years, you think that brand spanking new car you have just baught has not been to the panel beater once or twice, had a lot of glass replaced, in some cases post manufacutring changes done while the car is in storage.

The only time you can be absolutely positive you are getting a brand new car is if you watch it being built, and you drive it off the assmembly line yourself.

Its purely a money thing, I dont like to waste, try this one. go find out the price of a brand new car, no extra's nothing. Then ask the dealer to borrow his book, and price the identical 1 year old car in terms of trade, and ask yourself is owning a new car worth the premium... some feel it is

Anyway, post pics of the new ride ehwn you get her, oh ya, there is a new 3 series coming out in 2012 I think, so if you hang on till the end of the year when dealers try and clear old stock, you could get a bargain, samew is to be said about your trade in though

I hear you and my sentiment has been the same all along, but my BMW went from R200 000 to R110 000 in under 2 yeas, and if I keep it and something goes its gona cost more and the value is just going to get worse, so its about what is best at this moment, not an easy decision to make.

 

[P1000]

simple fact of depreciation, and that the curve is not straight line

A new car, you drive it off the floor, and its dropped 20% in value for a novility of saying I have a new car, even demo models that are cheaper, but still dammed expensive, you do 1000 km with the car, and its no longer a demo, its now second hand.

I recon you are much better off buying a one year old with 30k on the clock, still under warentee, still under mainatnance, and whatever crap there was with the car, the previous owner sorted out.

Also, I have been involved in the automotive sector for many years, you think that brand spanking new car you have just baught has not been to the panel beater once or twice, had a lot of glass replaced, in some cases post manufacutring changes done while the car is in storage.

The only time you can be absolutely positive you are getting a brand new car is if you watch it being built, and you drive it off the assmembly line yourself.

Its purely a money thing, I dont like to waste, try this one. go find out the price of a brand new car, no extra's nothing. Then ask the dealer to borrow his book, and price the identical 1 year old car in terms of trade, and ask yourself is owning a new car worth the premium... some feel it is

Anyway, post pics of the new ride ehwn you get her, oh ya, there is a new 3 series coming out in 2012 I think, so if you hang on till the end of the year when dealers try and clear old stock, you could get a bargain, samew is to be said about your trade in though

Spot on there. But I don't like this telling of the others. Please don't spread the word, who will then buy new cars so that we can buy the slightly used ones? :mmm:

 

[msm]

Spot on there. But I don't like this telling of the others. Please don't spread the word, who will then buy new cars so that we can buy the slightly used ones? :mmm:

And you score with extra's cos most of it means sh!t when it's time to trade in.

 

[prospect]

Supply of E90's far exceeds demand hence the huge depreciation.

 

[Sabretooth tiger]

Supply of E90's far exceeds demand hence the huge depreciation.

Im then definately better off if I can get rid of it now:thinking:

 

[Jandre]

The reason why other guys are offering you higher, is that they have more meat in their cars,.

Glad you got sorted bud....

I am of course allergic to buying new cars,

I bought my 2006 Pajero mid last year for less than 50% of its purchase price back in 2006.
And less than 33.3% of the equivalent 2010 model.

That's what I bought it for, from a dealer, with Motorplan. Imagine what the poor sod who traded it in, got.

I will not easily buy a new car again.

 

[zaleonardz]

Hehehe... Car allowance and company car drivers that have to buy new cars every 5 years /150.000... They are keeping us in steel

simple fact of depreciation, and that the curve is not straight line

A new car, you drive it off the floor, and its dropped 20% in value for a novility of saying I have a new car, even demo models that are cheaper, but still dammed expensive, you do 1000 km with the car, and its no longer a demo, its now second hand.

I recon you are much better off buying a one year old with 30k on the clock, still under warentee, still under mainatnance, and whatever crap there was with the car, the previous owner sorted out.

Also, I have been involved in the automotive sector for many years, you think that brand spanking new car you have just baught has not been to the panel beater once or twice, had a lot of glass replaced, in some cases post manufacutring changes done while the car is in storage.

The only time you can be absolutely positive you are getting a brand new car is if you watch it being built, and you drive it off the assmembly line yourself.

Its purely a money thing, I dont like to waste, try this one. go find out the price of a brand new car, no extra's nothing. Then ask the dealer to borrow his book, and price the identical 1 year old car in terms of trade, and ask yourself is owning a new car worth the premium... some feel it is

Anyway, post pics of the new ride ehwn you get her, oh ya, there is a new 3 series coming out in 2012 I think, so if you hang on till the end of the year when dealers try and clear old stock, you could get a bargain, samew is to be said about your trade in though

Spot on there. But I don't like this telling of the others. Please don't spread the word, who will then buy new cars so that we can buy the slightly used ones? :mmm:

Ok and as for the other thing, cars do not fall apart the second they go out of motorplan, yea some do, but in general, BMW's are very well built. If you time it right and you allow for a decent maintance fund, and prepared to do a bit of research, you can keep a second hand BMW on the road for not too much money.

My E34 is almost 16 years old.... I know of E46's with well over 300 on the clock, E36's with well over 600 on them....


but I can carry on about this topic for ages. I shall not

 

[moranor@axis]

i think its sick oh much you pay for a so called cheap run about... when shoping for my car i found an opal corsa for 10k less than my car it had more or less the same milage and the same year model :thinking:

 

[msm]

i think its sick oh much you pay for a so called cheap run about... when shoping for my car i found an opal corsa for 10k less than my car it had more or less the same milage and the same year model :thinking:

I think there's a general perception that small cars cost less, are cheaper to maintain and more economical ...

 

[Nic_s]

If you look at what good E30's go for these days then I think it's clear that you should keep your BMW for at least 20 years before you decide to sell it. Especially if it will be a sought after model which I believe the E46 will be. :hammerhead:

i think its sick oh much you pay for a so called cheap run about... when shoping for my car i found an opal corsa for 10k less than my car it had more or less the same milage and the same year model :thinking:

I think there's a general perception that small cars cost less, are cheaper to maintain and more economical ...

It's just marketing BS!

I once was led astray and thought about getting a "Run around" type car, but lucky a manly drink called beer brought me back to the real world and I realized that these small cars simple aren't worth it. There is no space which makes them hopelessly impractical and you end up needing a proper car anyway. I mean... it's not like you can go on holiday with a Atos. You can fit one suitcase in the back (And a small one at that), or a pair of 6x9's and then there is no space left for the cool box (Or anything else for that matter).

In SA the fact that there is no space for the cool box in your car means that they are going backwards. The amount of space available for the cool box should be in the brochures. Even better would be if we measured the size of the boot by how many can's of beer you can fit in it. I think that will be a more real world measurement.

 

[Coisman]

imp:
This is one of the main reasons I decided to keep my E46, my km reading is still very low for a 2003 model, only 94k at the moment,
and at least I can source parts cheaply enough. :thumb: