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F10 / F11 (2011 - Current)
The new chapter in the highly successful story of the BMW 5 Series Sedan (F10) and wagon (F11)

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  #26  
Old 01-17-2013, 12:44 PM
Alpine300ZHP Alpine300ZHP is offline
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Quote:
Originally Posted by denniscasey View Post
I live and learn, thank you. One year ago I was offered $18,000 trade on a $38,000 2008 CPO 550i. So at least the car has given me another trouble free enjoyment year for $4000 (if I get $14,000 trade on a 2013). Maybe my best economic logic bet is to trade on a CPO to get back within your 4 year "rule" rather than trade on a 2013?
Your post is a perfect example of why my rule exists. The older the car gets the slower the rate of depreciation. This last year the car only cost you about 335 a month. You cannot buy a new or CPO 5 series for anywhere near that amount. My opinion is that CPO is only worth it if you don't want to pay new car prices or if you want the 100k warranty. I am not sure that buying CPO will help you much because you want an F10. So we are looking at 2011-2012. If it is a 2011 it will be 4 years old in 2015 (only 2 years from now). It really depends on how long you want to keep the car. If you turn them over every 2-3 years then I suggest you start leasing them even if you drive more than 15k miles a year (just buy the extra miles upfront). You will find it easier this way. From my hearing stories about the F10, I would suggest you stay away from 2011 models and look for a 2012 or 2013 model. Most of the bugs were worked out in 2012. The real kicker is can you find a CPO F10 equipped the way you want, with a good service history, no accidents and 2012 or later. You can see how this might become difficult on newer model like the F10. Ordering a 2013 to your specs is probably the way to go.
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  #27  
Old 01-17-2013, 04:11 PM
MELLOWYELLOW06 MELLOWYELLOW06 is offline
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Why dont you have the vin run by a certified dealer, perhaps the service dept. You may gather some useful info that would help you come to a proper outcome.
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  #28  
Old 01-17-2013, 06:42 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
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[QUOTE=Alpine300ZHP;7320524]Your post is a perfect example of why my rule exists. The older the car gets the slower the rate of depreciation. This last year the car only cost you about 335 a month. You cannot buy a new or CPO 5 series for anywhere near that amount. [QUOTE]

Sorry Alpine, but to me your logic is flawed here. Right you can get a new CPO for that... It's because it's years newer, newer tech, different body style, etc.

I always get a kick of hearing people say... I can get a new car for what I pay on my old one. Right.... It's a new one!

Lol
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