645 prices: particularly savage recent drop?

[Deutscher]

I've been dithering about what to go for next for some time. In May I had half an eye on the 645i. It seemed you needed to spend £28k for a high-spec early model. I've just looked again and now there seem to be loads of AUC cars for £23k. I know the market is bad, but another £5k drop in less than 3 months??

Anyone else noticed this?

[Deutscher]

Why is this? They're not mega-heavy on fuel are they? And the VED is not going to be worse than any other top band car.

Is the trade price really that low?

[Deutscher]

PWE said:

Been looking at these recently, what are they like to run fuel, reliability etc?? anyone?

Yes, I'd welcome input on this too. Thanks.

[Deutscher]

Andrew D said:

I think four-figure 6's is a little optimistic (unless it takes five years to reach the horizon). I'm sure you'll be able to dig up a monster-miler at the auctions sub-£10k in a couple of years, but in terms of the Main Stealer prices it's a long way from £23k to £10k for a car that started at £55k.

Agree.

But if I can buy an AUC car for £23k and sell it for £10k in three years, I'd be quite happy.

[Deutscher]

The GMan said:

My MPG is s**t though, on a recent motorway journey could only average 18mpg, but I was not hanging around . Around some country lanes got it down to 8mpg.

I thought they were good for 20mpg overall, driven moderately??

Edited by Deutscher on Tuesday 19th August 13:06

[Deutscher]

AUC cars about £23k.

Private/small dealer about £19k.

Is the extra £4k worth it?

Edited by Deutscher on Monday 25th August 20:55

[Deutscher]

Driver Rider said:

Deutscher said:

AUC cars about £23k.

Private/small dealer about £19k.

Is the extra 34k worth it?

i need to graduate so i can quickly get a nice car! i really am staggerred at the used prices if bmws! where have you seen the 6 for 19K though?

Autotrader.

[Deutscher]

Well, it looks like they've taken another hit! Now several on the official BMW site around the £21k mark and even a couple at £19950. Awesome value!

[Deutscher]

David911RSR said:

If the stealers are retailing these cars at 23k, they would have paid approx 15K at best. Given most metal of this nature is depreciating by 1-2K per month, the trade price of this car will be 10K in 5 months! It's not just the high end motors that are subject to depreciatation of this magnitude. An 07/57 Gold GT TDi 170 with 11,000 miles trades at 11 - 12K!

No. If they are retailing at £23k, they would have paid £18k or so.

And you have to look at depreciation as a percentage, not a flat sum, otherwise they would be paying you to take the car away!

[Deutscher]

Half a dozen of good spec 645 examples I had my eye on have now disappeared off the AUC site. I guess £22k must be the 'sweet spot' for a 2004 car.

[Deutscher]

David911RSR said:

Deutscher said:

Half a dozen of good spec 645 examples I had my eye on have now disappeared off the AUC site.

Most of them are turning up at car auctions

I must admit I was puzzled that after hanging around they suddenly sold, but do you know this for sure?

[Deutscher]

Interesting that BMW dealers now seem to be undercutting private sellers. Look at these two very similar cars:

http://www.pistonheads.com/sales/574641.htm

http://www.bmw.co.uk/bmwuk/auc/car_details/0,,1260...

And the dealer's car is a year younger!

[Deutscher]

minerva said:

There is a 2004 645 on autotrader currently for just under £12000. These are crazy times....

I doubt that can be a genuine ad or, if it is, the car must be a dog/mega-miles/super-naff spec.

A good spec lowish mileage (under 40k) 645 still costs around £20k if BMW Approved Used or £18k elsewhere.