Quote:
Originally Posted by Egrunt
Yesterday (1/27/20) I stopped by Car Max to see what they would offer me for my 2018 M5 with 5,906 miles. I purchased the M5 new in August of 2018 and it is my weekend / days off from work vehicle. It had an MSRP of $124,335. They offered me $75,000. So after 1.5 years of ownership the vehicle has depreciated $49,335 (around 40 % of MSRP) pre-tax and fees. I did a purchase and I received a $14,000 discount with incentives / rebates (BMW & BMW CCA) at the time of purchase.
I am contemplating transitioning to a 2020 Porsche 911 S but I may just keep the F90. It has to be one of the worst vehicles I have owned for holding its value. My 2008 Tacoma double cab off-road 4X4 with 83,000 miles that I purchased new in 2008 for $26,600 (MSRP around $32,000) is holding its value well. While looking at SUV's for the wife at a local Toyota dealership they offered me $17,000 for my 11 year old truck at the time (Aug of 2019).
|
Not trying to be an ass, but I bought my 2020 911 C2S 9 Months ago. Granted I got a deal on it I hadn't seen due to great relationship with dealer.
Am trading it soon offered exactly what I paid 9 months ago and great deal no one else has on new car. So not inflating trade and selling high on new car
My opinion is they make way too many M cars now, discount them so drastically and they are no longer as desirable as they used to be. Case in point new M8's all at 22-25% discounts. It's craziness