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Re: BMW X5 (E70) xDrive 40d M Sport (2011/61) - just 7k miles!!!
Posted: Thu Nov 28, 2013 10:27 am
by 535dboy
[quote="pvr"]
It should perhaps, but the depreciation is terrible. I have had two Audis in total and the depreciation was brutal.
[/quote]
There are no good cars in these sectors whatever the badge
Am happy that lotus is still worth c£27.5k despite paying £40k for it new 5.5 years ago
Re: BMW X5 (E70) xDrive 40d M Sport (2011/61) - just 7k miles!!!
Posted: Thu Nov 28, 2013 11:12 am
by Don Coffey
[quote="535dboy"]
[quote="pvr"]
It should perhaps, but the depreciation is terrible. I have had two Audis in total and the depreciation was brutal.
[/quote]
There are no good cars in these sectors whatever the badge
Am happy that lotus is still worth c£27.5k despite paying £40k for it new 5.5 years ago
[/quote]
Quite right, they all lose money. The Premium brands quote % residuals, as the actual figure in £ lost would scare buyers off. Very few cars hold anything near a decent residual and your Lotus is a good example. I brought a three year old Fiat panda as a commuting car in 2008, for £4k. Some five years later it's still worth £1500-2000. Shit car, but chip as chips....well possibly even cheaper than chips these days.
My X6 was £39k and 20 months old when I got it a year ago. The previous owner paid £63k. I would be lucky to get £25-28k today as a trade in.
Don
Re: BMW X5 (E70) xDrive 40d M Sport (2011/61) - just 9k miles!!!
Posted: Thu Jan 02, 2014 10:42 pm
by markda
Price drop