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£1000+ per mile depreciation
Posted: Wed Mar 05, 2014 2:04 pm
by Don Coffey
In the local dealers today and they have a year old M6 with 41 miles on the clock that cost £115000 new and now £70000. There's probably discount to be had on that price as well.
Don
Re: £1000+ per mile depreciation
Posted: Wed Mar 05, 2014 3:51 pm
by Denis O
EEEEEEEEEEKKKKKKKK :yikes: :yikes: :yikes:
Re: £1000+ per mile depreciation
Posted: Wed Mar 05, 2014 4:47 pm
by X5Sport
:-\ :doh: :wacko: :dead:
Re: £1000+ per mile depreciation
Posted: Wed Mar 05, 2014 5:27 pm
by Raj
Always said buying brand new was a killer. That's quite heavy for so little mileage.
Re: £1000+ per mile depreciation
Posted: Thu Mar 06, 2014 7:51 am
by graemeX5
Saying that I saw a blue X6M in dealers with list of over £ 90k and on offer at £70k -what a bargain.
)
But if you look at X5m they are now below £40k and they were £90k new that depreciation can really hurt your pocket.
Re: £1000+ per mile depreciation
Posted: Thu Mar 06, 2014 8:36 am
by 535dboy
M6 have always had savage depreciation becaus they are far too over priced in the first case!
Re: £1000+ per mile depreciation
Posted: Thu Mar 06, 2014 9:02 am
by Don Coffey
[quote="535dboy"]
M6 have always had savage depreciation becaus they are far too over priced in the first case!
[/quote]
Totally agree, that's Aston, Bentley and higher end 911 money.
Don
Re: £1000+ per mile depreciation
Posted: Thu Mar 06, 2014 10:20 am
by Pope
That makes me feel a wee bit better about taking a £7k hit on my X5 in 12months/12k miles.
Mind you, it works both ways, as the i bought a 2011 X640d for £30k, which has lost more than 50% of its value in less than 3 years... :blink:
Yes...i know it was cheap because its PINK....
Re: £1000+ per mile depreciation
Posted: Thu Mar 06, 2014 11:26 am
by pvr
Ah, but you have manly exhaust pipes and non of those girly wheel barrow handles
)