10-12-2021, 02:20 PM | #1 |
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Thinking of selling my 330i shocked at value
I am considering selling my 330i so I got a price from We Buy Any Car to give me an idea of value and I was pretty shocked. Most car web sites say that a 3 series will loose about 40% in the first 3 years, so as mine is over 6 years old I wasn't expecting a lot. Mine is one of the first B48 engined 330is being a July 2015, and with extras (pro nav, metallic paint, sports auto, speed limit info, folding mirrors, split fold rear seats) I paid just under £30k. WBAC came back with an offer of £16k which means my car has retained 54% of it original cost at 6 years old. I can live with that kind of depreciation
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10-12-2021, 02:53 PM | #2 | |
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10-12-2021, 03:00 PM | #3 |
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My own car I've had 11 months, done 8k since I bought it.paid £26,500 for it. Got it valued a few weeks ago on our website (Cazoo) and was offered over £28,000. I was very tempted.
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10-12-2021, 05:06 PM | #4 |
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I believe the price of used cars has recently gone up by 20%. Certainly when I was looking recently, all the garages were raising the prices of used cars by a couple of grand.
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10-13-2021, 03:59 AM | #5 | |
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10-13-2021, 10:43 AM | #7 |
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I bought a 420i M-Sport GC LCI with metallic paint and M-Sport plus pack in 2019 from a BMW dealer with 6 different cars to choose from. It was pre-registered with no miles, for £25,890 (RRP just under £40k)
After two and a half years driving it now has 17,000 miles. Similar cars are selling for more than I paid. Last edited by sensible; 10-13-2021 at 10:48 AM.. |
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10-13-2021, 11:02 AM | #8 |
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Production of new cars at the moment have reduced due to the semi conductor shortages.
So people are looking to 2nd hand cars. The value of 2nd hand cars have increased due to increased demand. You only benefit if you want to downsize.
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10-13-2021, 01:39 PM | #9 |
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Yeah the used cars prices (especially petrol engines) are quite stupid.
In Feb 2020 I paid £12600 for my used 65 plate LCI 320i Sport, Manual with cloth interior, pro nav and no extras at all. WBAC now wants to pay me £12000 for it. About a year ago WBAC valued my car at £9000 |
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10-14-2021, 03:44 PM | #10 |
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WBAC is offering more than I bought my 335D for two years ago from a dealer despite me adding some 12,000 miles (covid).
The issue is everything I want to buy has also gone up! |
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10-15-2021, 01:58 AM | #11 |
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Just for fun, I put my reg number into 'Cazoo' They valued it at £23,700
I paid £26,500 nearly 4 years ago!!!!! I can definitely live with that, however, everything else is 'pro-rata' so depends how you look at it! |
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10-23-2021, 07:34 AM | #17 |
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Prices are already going down. I have been keeping track of WBAC as a sort of reference. Stopped going up around mid September and are now about 10% below peak. Parkers used car prices generally confirm that. There are exceptions and 'nearly new' prices are still very very strong, but I don't think you can say they 'wont come down'.
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10-23-2021, 03:27 PM | #18 |
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10-24-2021, 05:53 AM | #19 | |
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Prices are starting to flatten now and CAP Live on some cars is actually coming down. The market cannot sustain the increases we have seen over the last 3 to 4 months and neither can the finance PCP rates where prices have gone up circa 30% but the residuals have not. Prices may stagnate for a bit over this quarter due to seasonality and then pick up Q1 22. |
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10-24-2021, 07:44 AM | #20 |
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