Originally Posted by Robert A
What's a good guess of the value of a 2010 535i with M Sport in 3 years time? I'm trying to make a decision about purchasing a CPO that I would hold until the warranty is about to expire.
Almost everything about this car seems very desirable. Colors, options, overall condition are great. Negotiated price today is somewhere between 36k and 37k, which I think is about right.
Car currently has roughly 25k miles. In 3 years' time, the car would probably have between 40k and 45k miles. I would eventually sell it privately.
I like the car, but I want to make sure the economics make sense.
Aren't you the CPA If a client asks you the same question then what will be your answer? There is a E60 thread created by paulo6 which he wants to trade up to a 2010 535 M Sport. His 2008 535ix (56K miles) dealer trade-in value was $19K. Avg asking price on Autotrade is around $24K. A good guess with your car with about 45K miles in 3 yrs would be low $20s. If you could sell the car for $22K in 3 yrs, then you will avg about $5k per year in car payments. To me, $5K per year to drive a luxury sport car make sense.
What are the options on the 2010 535? Interesting that the negotiated price is around $36K-$37K. About $4K less than what I'm asking for my car with 29K miles and babied to the T. I estimate my 550i M Sport with 50K in 3 yrs would be around $25K.
2013 550ix M Sport - AW/Black
2013 X5 50i M Sport - Carbon Black/Cinn (Wife)
2010 550i M Sport - AW/Black (Sold)
2007 530i Sport - AW/Auburn ED on 2/19/07 (Retired)
2001 740iL Sport - Anthracite/Beige (Retired)