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Read the WELCOME ALL BMWFANATICS post.
WTF is going on with BMW value?
- Thread starter Sabretooth tiger
- Start date
msm
Well-known member
Coisman said: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:
The E46 is a bit of an exception in the used car market - they seem to be holding value fairly well, especially the individuals/sports models.
MikeR
Well-known member
all cars have bad resale at present...very bad, you will get the few that think their cars they can still get book...good luck with that, the market is flooded. Dont look at the prices you see at the car sales lots, try trade your car then see how good your car holds value.
You might get better trade on another brand because they want to move their brand thats all.
Dont ever buy new unless you are a company and wan to write off to tax, best to buy demo.
You might get better trade on another brand because they want to move their brand thats all.
Dont ever buy new unless you are a company and wan to write off to tax, best to buy demo.
zaleonardz
Well-known member
Well...
Keep in mind, that the E46 was once flooding the market as well whie the E90's were being introduced, and then you could not give it away, same story with the E30's when the E36's were released. Now you cant find a clean E30 for love nor money...
Just a thaught... :thumbsup:
But yep, I will buy 5 new cars this year for the office, one or two of them may be a brand new 3 series depending on what my staff member wants, and its because of this that there will always be an influx of new cars into the market.
However, the change in taxable rate for company cars is going to have a significant effect on the company car buyers. and instead of a 3 series, they may go for a VW Jetta. Oh and the only people I still have left on company cars are the ones that are blacklisted and cannot get private finance, the rest of my guys have all gone car allowance.
Keep in mind, that the E46 was once flooding the market as well whie the E90's were being introduced, and then you could not give it away, same story with the E30's when the E36's were released. Now you cant find a clean E30 for love nor money...
Just a thaught... :thumbsup:
But yep, I will buy 5 new cars this year for the office, one or two of them may be a brand new 3 series depending on what my staff member wants, and its because of this that there will always be an influx of new cars into the market.
However, the change in taxable rate for company cars is going to have a significant effect on the company car buyers. and instead of a 3 series, they may go for a VW Jetta. Oh and the only people I still have left on company cars are the ones that are blacklisted and cannot get private finance, the rest of my guys have all gone car allowance.
Roundal
New member
The picture is even more gloomy when you look at the depreciation together with the cost of the money if you are financing the car!
Take a brand new car at say R100k for simplicity sake. Drive it off the showroom floor and you immediately loose the 14% VAT together with the 10 - 20% automatic depreciation. Worst case senario, you have lost 34% on day one! But you are paying the car off at say prime + 2%, say 7.5% interest on R100k over 5 years................This can get very nasty when you are buying a car for say R500k and you still have a hefty residual at the end of the period!
Most people don't think of the cost of the money. You will also never find me buying a new car either. I have never ever bought a new car!
Take a brand new car at say R100k for simplicity sake. Drive it off the showroom floor and you immediately loose the 14% VAT together with the 10 - 20% automatic depreciation. Worst case senario, you have lost 34% on day one! But you are paying the car off at say prime + 2%, say 7.5% interest on R100k over 5 years................This can get very nasty when you are buying a car for say R500k and you still have a hefty residual at the end of the period!
Most people don't think of the cost of the money. You will also never find me buying a new car either. I have never ever bought a new car!
I doubt my car will be worth much in 20 years because there won't be much e46 left maybe I should buy an e46 330i keep it clean then sell it in 20 years time but the cost of maintaining it will be way more that what I get selling it...
Small cars cost exactly the same to maintain as big cars if I compare the running costs of my old vw polo to the bmw there really is not much between them... And I'm currently getting better fuel consumption out of the 323i
maybe I should buy an e46 330i keep it clean then sell it in 20 years time but the cost of maintaining it will be way more that what I get selling it...Small cars cost exactly the same to maintain as big cars if I compare the running costs of my old vw polo to the bmw there really is not much between them... And I'm currently getting better fuel consumption out of the 323i
