Yes I am a CPA.
The dealer made a statement that M-Sport cars carry significantly extra value in the used car marketplace relative to Sport. I'm questioning the group if this is true because it will play into my own estimate of future value.
This car has nav, PDC, sports auto, M-Sport, Value (which includes leather). The only common feature missing is Premium. MSRP is around 59.5k.
The car will run about $40k with tax. If it's worth $22k in 3 years (which is really a guess based on my '07), then the monthly cost at 0.9% interest is $523/month, which doesn't seem like a terribly good deal relative to buying new.
Originally Posted by CK530
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.
- Robert A
Current: '07 530i, White/Black, MT
Retired: '01 530i, '94 325is, '84 325e, '83 318is, Mazda RX2, VW Scirocco, Mazda RX7