[GenXer]

It appears that my base model 2018 X1 trade in value is identical to my 2019 430i GC both being $28K

The X1 retails for $40k = $12K lost -- understandable
The 430i retails for $48K = $20L lost --- WTF

[2000Z3M]

suv vs car

[GenXer]

Originally Posted by 3A53

Need more info

Both base vehicle. Roughly same mileage about 10K miles

[Gen13 F36]

All I can say is you got owned if you actually agree with the dealer.

Mine is 2016 428i GC, msport new at 51k... with 23k miles.. I was eyeing an X4 and test droved . I was offered 25k.. I owe 24.2k on my loan. I calculated I lost all my down payment of 4k.... yeah I was given an incentive total 6k. So total depreciation of 10k on mine.

I didn't go for the X4.

[cfm56d7b]

Trade in values rarely generate excitement. The only way to be remotely satisfied with a trade in value is to keep the car for many years.

[HighlandPete]

Originally Posted by 2000Z3M

suv vs car

Certainly the case in the UK. Residual values make the SUV the better financial proposition.

My observation... if we are buying new, best to buy an SUV. Buying used, best value for money, buy a car.

[GenXer]

2019 and 2016 with M sport package

[GenXer]

Originally Posted by HighlandPete

Certainly the case in the UK. Residual values make the SUV the better financial proposition.

My observation... if we are buying new, best to buy an SUV. Buying used, best value for money, buy a car.

I think you are right. People are crazy for SUV especially in my area.

[bimmer456]

Looks like I should be getting into a used GC to take advantage of new car depreciation!

[GenXer]

Originally Posted by bimmer456

Looks like I should be getting into a used GC to take advantage of new car depreciation!

In Beverly Hills 90210 zip code it's $1000 more

[Lgb0250]

If you buy a vehicle and then decide to sell/trade it one to two years later be prepared to take it in the shorts. This is not a new revelation to any vehicle. The only way you can limit the loss is be totally informed before purchasing, not when selling. It’s a little too late then. I always research resale values before I even buy. Far too many people out there that buy high and sell low.

[bimmer456]

Originally Posted by GenXer

In Beverly Hills 90210 zip code it's $1000 more

Great info when I want to trade in my 340i I'll go there than pick up the used car at a dealer with the lowest price.

[CrumbyButter]

Not that this is news, but depreciation is a b**** on these cars (well, all cars, but esp so on german luxuries). They lose prob 50% of their value in the first 2 or 3 years.

[Gen13 F36]

Originally Posted by GenXer

2019 and 2016 with M sport package

You just did this today... I think they factor the time how old is the car and the month you where at the dealer. I think I was there getting change oil last February 2019.

[KRS_SN]

Originally Posted by HighlandPete

Certainly the case in the UK. Residual values make the SUV the better financial proposition.

My observation... if we are buying new, best to buy an SUV. Buying used, best value for money, buy a car.

such a clever observation. Never thought about it that way.

[Juice247]

The GC is especially bad in residual value because it's not a very well known model. The '17 440i Xdrive GC I purchased, used with 27k miles outside Chicago was $32k. Sticker was somewhere around $60k. Worked out amazing for me, but I feel bad for the guy who has to sell it!!

[Gen13 F36]

Originally Posted by Juice247

The GC is especially bad in residual value because it's not a very well known model. The '17 440i Xdrive GC I purchased, used with 27k miles outside Chicago was $32k. Sticker was somewhere around $60k. Worked out amazing for me, but I feel bad for the guy who has to sell it!!

Don't feel bad.. that guy make lots of money.... he least every 3 years ...lol

[bimmer456]

4 series GC is an awesome car, better than the 3 series sedan. I had one as a loaner was nice even with the 4 cylinder, it was an M sport, but would be better with the B58 and x drive. It's wider so roomier than the sedan and closer in size to the G20, also you get a power liftgate and the trunk sill is brushed aluminum so it looks more upscale. Definitely a bargain if you can get a six cylinder x drive for mid $20's MY2017. A good alternative to a new M340i for half the money.

[IK6SPEED]

Originally Posted by GenXer

It appears that my base model 2018 X1 trade in value is identical to my 2019 430i GC both being $28K

The X1 retails for $40k = $12K lost -- understandable
The 430i retails for $48K = $20L lost --- WTF

I've posted many times and people do not believe it. Peak car is now hitting the USA as it has Worldwide over last 24 months.

Dealers are overloaded with used vehicles and turning them away.

[Gen13 F36]

Originally Posted by IK6SPEED

I've posted many times and people do not believe it. Peak car has hit in USA as it has Worldwide over last 24 months.

Dealers are overloaded with used vehicles and turning them away.

I have been browsing carguru and a few more online listing. And I concur with IK6SPEED. There are lots of bargain used cars out there. And to be honest... I am not selling or trading in my car for that much lost. I just like test driving new cars

[IK6SPEED]

Originally Posted by Gen13 F36

I have been browsing carguru and a few more online listing. And I concur with IK6SPEED. There are lots of bargain used cars out there. And to be honest... I am not selling or trading in my car for that much lost. I just like test driving new cars

https://www.nytimes.com/2019/07/23/b...long-boom.html

[GenXer]

I'm used to seeing $8K to $12K loss (from MSRP) on a new car but not $20K unless it's Italian. Cars are my vice. I've bought and traded 40 new cars in 20 years. You can easily make up $8K with discounts, rebates and a bit of cash but you can't do it when it's a whopping $20K.

You are right, I think the market is flooded with used cars and it's too saturated with high end cars. BMW offers $2500-$3500 rebate and the dealers are discounting $3K to $5K. Other manufacturers are doing the same so it was possible to get a new car whenever you want one. In my state, tax is based on the leftover value between the new car and your trade so it's neglibible.

Now even after $8K discounts and cash down, you can't break even.
20 years ago I used to make money trading in cars. I could buy a new Chevy Tahoe for $33K new and sell it a year later for $35K.