335i depreciation

335i depreciation

Author
Discussion

Alrey87

Original Poster:

285 posts

105 months

Wednesday 4th November 2015
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Bought my e92 335 a year ago for 14500 from main dealer. Negotiated down from 16000 price seemed about right compared to others on the market. I've done 6000 miles in it and I'm getting webuyanycar and glass valuations of 8500 maximum trade in value. That's a minimum loss of 6k in a year on a 57 plate motor in good spec and colour combo etc. my previous Audi a3 was lower spec and newer with a similar initial purchase price from main dealer and I only lost 4k on it over 3 years. Thought the bmw would fare much better than thatfrown probably won't be going for a f31 330d now as the difference in price is huge.

Smuler

2,286 posts

139 months

Wednesday 4th November 2015
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What's the mileage?

Alrey87

Original Poster:

285 posts

105 months

Wednesday 4th November 2015
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Only 53000

Smuler

2,286 posts

139 months

Wednesday 4th November 2015
quotequote all
8.5k is poor for those miles. Try a trade in with the dealer for the F30. Could be better as WBAC I found bid low on these cars.

You will be a bit unlucky in any event, cos 335i prices were up last year. I had been looking over 6 months and saw some cars around 2k more than similar models 6 month earlier . example, I just missed an 08 with half your car's mileage in June 2014. Only 500£ more than you paid. Massive spec. By October, similar cars around 17k

Dannbodge

2,164 posts

121 months

Thursday 5th November 2015
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That sounds far too low but don't forget you paid selling price. You will only be offered trade in as they will have to make money on it.

You could probably add on another 2-3k for a private sale.

Monty Python

4,812 posts

197 months

Thursday 5th November 2015
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I suspect the "problem" is that it's a large capacity petrol that won't be as easy for them to shift as a diesel.

335d

758 posts

118 months

Thursday 5th November 2015
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A low mileage, well cared for E92 335i is almost the perfect car to list on the Pistonheads Classified section. A large proportion of the potential buyers of a car like that are right here. I would list it there with some good photos and a detailed description for £11.5 - 12k, and post a link on this forum (which I assume is allowed if you have paid for a PH ad).

I have sold 2 larger-engined BMWs on PH.

Gruber

6,313 posts

214 months

Thursday 5th November 2015
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WBAC is not the place to try selling an 8 year old "niche" car.

Take a look at current sale prices for comparable cars, knock off 25% and that should give you a ball park trade in figure.

Alternatively, give a specialist like Birds a call and see what they'd offer. They're always emailing to say they're after decent examples of 135s, 130s, 335s and so on.

cerb4.5lee

30,477 posts

180 months

Thursday 5th November 2015
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I had a similar situation when I had my 2009 E92 M3, paid £30k for it at the main dealer and ran it for 10k miles and had it 10 months...and only got £23.5k for it when I traded it in frown To be fair it only went back up for £26k and I thought it would go up for more than that(it sold straight away).

As others have said there is a massive difference between purchase price and what you get when it comes to trade in time, selling it private will offer more value for you but that can be a pain in the backside too.

JNW1

7,770 posts

194 months

Thursday 5th November 2015
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Advertised my E92 335i on here last year, sold pretty quickly and got circa £2k more than the main dealer was offering. I know there's potential hassle associated with a private sale - and you do hear some horror stories - but based on my experience I'd say give it a go on Pistonheads and only trade to a dealer or someone like WBAC as a last resort.

Alrey87

Original Poster:

285 posts

105 months

Thursday 5th November 2015
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Don't get me wrong I expect to take a loss buying then selling back to trade. But my a3 costing me 4k over 3 years when it was a much newer car bought and sold in the same way....I wouldn't have expected the bmw to depreciate as much as that even.

The trouble with private selling is that it leaves you without a car? I would happily buy my next one private, seen some great deals on s3 sportbacks, but I can't buy when my money is tied up in current car, and i can't sell mine without having another or I will be careless.

Gruber

6,313 posts

214 months

Thursday 5th November 2015
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Alrey87 said:
I wouldn't have expected the bmw to depreciate as much as that even.
But it hasn't really, has it? You're judging depreciation solely on what WBAC will offer you for it. And that, frankly, is nuts. If you want to ignore that fact, and believe that WBAC's valuation genuinely equals the value of your car, so be it. Otherwise, snap out of it and either market it privately or sell it to (or even through) a specialist.

Have you phoned Birds yet?

ETA: look: http://www.birdsgarage.co.uk/used-cars/bmw-3-serie...

335i pram with more miles than yours for £13.5k. I bet you an internet tenner that they'd offer you the best part of £11k for yours, assuming it's a good'un.



Edited by Gruber on Thursday 5th November 20:20

Alrey87

Original Poster:

285 posts

105 months

Thursday 5th November 2015
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True I am basing it on that as it was the same as the best offer I could get out of quite a few dealers that I tried. As someone said though, maybe less accurate on a performance motor. Thanks for the link, I will try them.

pattyg

1,330 posts

227 months

Thursday 5th November 2015
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WBAC definitely would not have offered £14.5k to the dealer at the time you bought the car. Never compare retail with trade.


Alrey87

Original Poster:

285 posts

105 months

Thursday 5th November 2015
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I meant when I sold my last one, they quoted highest end out of dealer offerssmile

horaldo72

12 posts

162 months

Thursday 5th November 2015
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Alrey87 said:
The trouble with private selling is that it leaves you without a car? I would happily buy my next one private, seen some great deals on s3 sportbacks, but I can't buy when my money is tied up in current car, and i can't sell mine without having another or I will be careless.
If you've made up your mind to change your car then sell privately, then hire a car. It's not expensive.

horaldo72

12 posts

162 months

Thursday 5th November 2015
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Alrey87 said:
The trouble with private selling is that it leaves you without a car? I would happily buy my next one private, seen some great deals on s3 sportbacks, but I can't buy when my money is tied up in current car, and i can't sell mine without having another or I will be careless.
If you've made up your mind to change your car then sell privately, then hire a car. It's not expensive.

gizlaroc

17,251 posts

224 months

Thursday 5th November 2015
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Alrey87 said:
Bought my e92 335 a year ago for 14500 from main dealer. .
You bought from a main dealer and paid £14500.
Mate bought privately and paid £11500 for one early last year, that was an 07 plate with 48k miles on it, nav and a few others toys.

He just sold his last week for £9800, a loss of £1700 which he was more than happy with.

The problem you have is a 2007 sounds new, however, it is 2016 in a couple of months, so it will be coming up to being a 9 year old car, at that age it is no longer wanted by main dealers, it will always go to auction and that changes values considerably.
Never buy a car that is 5 years old from a main dealer and then sell a year later, you will get stung to be frank.



335d

758 posts

118 months

Friday 6th November 2015
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Perhaps the other point worth mentioning is why switch from a 335i to an S3? If you have a kid on the way and need a bigger car, or you for whatever reason the 335i can no longer do the job then switch, but as you are clearly concerned about losing money, the best option is probably to keep the car you have.

Smuler

2,286 posts

139 months

Friday 6th November 2015
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Main dealers have just 21 3 series of 2007 or older, guess that is only a small proportion. Have seen several 2007 335i's around this year though.

Did you enjoy driving the car? I guess, if you didn't - and 6 k p/a 'aint much - that would make the financial hit feel a lot worse frown

I agree with whoever said, why get a smaller car.