smart buying used BMW 330e? New model coming soon
Discussion
Hello,
I'm wondering what's the usual effect of a new generation (of the BMW 3 series in this case) on prices of used cars from the older (current) generation? Shall I wait?
Can I expect prices of used to decrease, there are already quite a few on sale and I imagine some owners will trade their current cars for the new models.
On the other hand, if the new car is actually released by the end of the year than the actual cars probably won't make it to the UK before the end of 2019...
Basically I'm asking about the ideal timing.
Your thoughts are appreciated, thank you!
I'm wondering what's the usual effect of a new generation (of the BMW 3 series in this case) on prices of used cars from the older (current) generation? Shall I wait?
Can I expect prices of used to decrease, there are already quite a few on sale and I imagine some owners will trade their current cars for the new models.
On the other hand, if the new car is actually released by the end of the year than the actual cars probably won't make it to the UK before the end of 2019...
Basically I'm asking about the ideal timing.
Your thoughts are appreciated, thank you!
A new model will (nearly) always have an effect on previous model values.
The bigger concern with a 330e would be the tech becoming badly out of date and devaluing the car, I would buy it on a PCP for that reason so you have a back-up plan come the end of the agreement (i.e hand it back).
The bigger concern with a 330e would be the tech becoming badly out of date and devaluing the car, I would buy it on a PCP for that reason so you have a back-up plan come the end of the agreement (i.e hand it back).
Thanks Mate,
My issue with PCP is that realistically I will be paying for the depreciation + finance cost, and since I can afford to pay cash I feel it's expensive...
Found a DEC 2017 car with around 5,000 milage at £23k, ('new' around £40k) I like the colour combination but would have ideally likes more options...
I bet when the new model is announced many of the better specced cars will be on sale, maybe worth waiting a few months?
Not sure what to do...
My issue with PCP is that realistically I will be paying for the depreciation + finance cost, and since I can afford to pay cash I feel it's expensive...
Found a DEC 2017 car with around 5,000 milage at £23k, ('new' around £40k) I like the colour combination but would have ideally likes more options...
I bet when the new model is announced many of the better specced cars will be on sale, maybe worth waiting a few months?
Not sure what to do...
Nickp82 said:
A new model will (nearly) always have an effect on previous model values.
The bigger concern with a 330e would be the tech becoming badly out of date and devaluing the car, I would buy it on a PCP for that reason so you have a back-up plan come the end of the agreement (i.e hand it back).
In what way would you suggest the tech will become "badly" out of date?? The bigger concern with a 330e would be the tech becoming badly out of date and devaluing the car, I would buy it on a PCP for that reason so you have a back-up plan come the end of the agreement (i.e hand it back).
Nickp82 said:
ST270 said:
In what way would you suggest the tech will become "badly" out of date??
It wasn't intended as a prediction, just a concern, which I think most people would consider when buying a PHEV.OverSteery said:
What is the " finance (opportunity) cost" ?
The money you don't gain by investing the cash elsewhere because you've spent it on a car. You might get 5% per year if you invested it in stock market unit trusts for example.I drive a Merc C350e but I'm not sure I'd ever want to own it. They are fiercely complicated machines - moreso than a full EV really. Nobody knows how to fix them when they go wrong, so its parts swap bingo time. Fine when you're not paying under warranty, but potentially massive costs once the warranty expires.
Edited by quinny100 on Thursday 30th August 16:08
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