03-03-2011, 07:14 PM
Officially Welcomed to the 'Fest
Join Date: Jan 2010
Mein Auto: 2012 650cic/ 2012 M3 ZCP
Originally Posted by svanil
I liked the styling of my 550i GT, but before purchasing, I raised the same question. In response to a very similar question within the recent thread " Should we go for GT or 5 series " on the F10 Forum, I offered the following response - I think it is apropos to repost it. Furthermore, Car-fan addressed the issue of oddly equipped remaining 2010 GTs.
Originally Posted by laser
.....Think this styling will destine the GT to be odd hard to resell / hold value car. The F10 is beautiful with classic styling that will look good for many years.
Although sales are substantially up this year and the 5 GT has exceeded BMW projections I do not think the GT has found its market in North America I suggest that the GT concept will gain greater acceptance in North America as other BMW GT series are launched especially the 3 series GT. Moreover, as other premium 5 doors from competing brands join the party, the idea of premium and 5 door will cease being antithetical.
The trend for the GT is up but the future is speculation.
Courtesy of Kelly Blue Book, we can look at the market as of today.
Kelly Blue Book
Location Potomac, MD
Miles 12,000 per yr
Equipment Auto, Sport Pack, Dynamic Handling, 19+" wheels, Navigation, Cold, Premium, Optional Stereo, Satellite, Park Sensors
(The GTs are configured with standard 3 across rear seats)
List prices are approximations and do not take into account discounts.
2009 535i trade in value - $36,850 - new list approximately $60K
2010 535i- trade in value - $41,700 - new list approximately $60K
2010 535iGT trade in value $56,950 new list approximately $68K
2010 -550iGT trade in value $64,675 new list approximately $75K
All cars depreciate and BMW 5 series are not immune, but trade-in prices on the 5 GT are holding up well.
(Note there are many GTs with exceptional levels of luxury equipment - the 550i GT in the
exercise is based on my car, and I did not include my Special High Performance German Anti-theft System which is after market).
I knew what I was getting into when I placed an order for the GT. The cars were not even available at the dealers when I made my initial purchase - so I didn't have the benefit of huge discounts athough, this is BMW #7 for me owner loyalty didn't amount to much. Post delivery of the GT - 1 year later I am still very satisfied with my purchase. I didn't choose to lease as I planned on piling on miles - the GT is meant for eating up miles (lots of them). The restraints imposed by a 10k, 12k, or 36k mile lease were not for me. Resale was not a real concern either.
Since I am one for switching cars often, many of my friends made the statement "you're keeping this one right?" and I of course nodded with a smile. If reliablity holds, I am satisfied with the technology, the luxury, the performance. I am good for years to come.
2012 650cic Space Gray/Vermillon Red/Blk.Top/Lux Seating/Heated Seats/Style 356/Apps/Prem. Sound(retired)
2012 M3 AW/FR NDH2/2MK/ZPP/ZCP/ZCW/752/6NR/+ all optionsexcept sunroof/OEM CF splitters/OEM CF mirror caps
2011 MINI CooperS BRGII/Lounge Green/Sport/Prem/Connect/Black Xenon/Black Conical Spokes/ACS springs/ACS exhaust/Alta Shorty
2012 X3 35i Titanium Silver/Black ZAP/ZPP/TECH/APPS/Breyton GTS/Continental Extreme DW (20's)
Last edited by car-fan; 03-03-2011 at 07:16 PM.