Depreciation on 120d M Sport?

[edb49]

Thinking of getting a 3dr 120d M Sport as a temporary car. List is £23,395 plus I will add options to bring the list up to £26.5k. I will get this from Drive The Deal as they offer attractive discounts.

I haven't looked at DtD for this particular model yet, but assume discount will be 10-15%, so say I will be getting a car with a £26.5k list for £23k. How much will I lose in 6 months for a straight sale to a franchised dealer?

[paoloh]

I reckon you'll get offered circa £14k

[Otter's pocket]

you'd be barking mad to buy a brand new car and sell it after 6 months.
Discount or not you'll get a right fisting selling it back.
Why not buy used, or infact just rent ??!
Take a look at BCA- they're auctioning off BMWs from the main dealer over the next few weeks. That'll give you a clue as to what the trade value of a 6month old one will be.

[paoloh]

You can buy 55 plates with circa 60k for £8-9k at auction

[edb49]

I was hoping for around £18k; am I crazy?

[Donut]

there are some good buys out there...

For example

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

[pete]

I think the 120d is better on residuals than my 130, but I paid 24k for a 6 month old ex-demo 130i M Sport. It has typically demo-spec options, fortunately including the ones I'd have put on a brand new car; list was a tad over 33k! I know options depreciate faster than the base car, but even so, that's scary depreciation.

If you can find a nearly new one with the right options, then you'll save a boat load of cash.

Pete

[northandy]

Try and find a 6 months old ex BMW car, thats what I did...

I paid 18k in Jan this year for a 6 month old 120d M Sport, that probably listed at nearly 25k..

I had heard that BMW dealers are cutting back the discounts at the moment, in fact I heard Dtd had actually stopped listing the 1 series as there was uncertainty over what dealers were going to be able to offer... also IIRC the DtD discount includes a 1k discount for finance, which you wont get if you dont finance it obviously

[edb49]

Ouch, if you can pick one up from a dealer for £18k then they'll only buy at £3k less than that I guess.

[Vee]

northandy said:

Try and find a 6 months old ex BMW car, thats what I did...

I paid 18k in Jan this year for a 6 month old 120d M Sport, that probably listed at nearly 25k..

I had heard that BMW dealers are cutting back the discounts at the moment, in fact I heard Dtd had actually stopped listing the 1 series as there was uncertainty over what dealers were going to be able to offer... also IIRC the DtD discount includes a 1k discount for finance, which you wont get if you dont finance it obviously

Weren't there some revisions made to the car earlier this year.
Is it possible that you got a previous version ?

[northandy]

edb49 said:

Ouch, if you can pick one up from a dealer for £18k then they'll only buy at £3k less than that I guess.

maybe 16 absolute tops

[northandy]

Vee said:

northandy said:

Try and find a 6 months old ex BMW car, thats what I did...

I paid 18k in Jan this year for a 6 month old 120d M Sport, that probably listed at nearly 25k..

I had heard that BMW dealers are cutting back the discounts at the moment, in fact I heard Dtd had actually stopped listing the 1 series as there was uncertainty over what dealers were going to be able to offer... also IIRC the DtD discount includes a 1k discount for finance, which you wont get if you dont finance it obviously

Weren't there some revisions made to the car earlier this year.
Is it possible that you got a previous version ?

I got mine in Jan, I dont think the revision was out till june/july, and that didnt really affect the M sport, the revised engines were even later IIRC... I reckon mines probably worth 15k trade now, which after 20,000 miles isnt too bad (i've had much worse !)...

[dibbly_dobbler]

Otter's pocket said:

Discount or not you'll get a right fisting selling it back.

ouch !!

[SiBurt]

Alternatively, you can always buy mine instead!

http://www.pistonheads.com/sales/294958.htm

[Donut]

edb49 said:

Ouch, if you can pick one up from a dealer for £18k then they'll only buy at £3k less than that I guess.

No there are some very cheap pre regs knocking about from BMW, but when there gone there gone.

I can see things tightening up next year and about time too!

[playerone]

Ive just sold my August 06 120d M Spt for £16500 to a trader. The best offer I got from a dealer was £15k.

I paid £19k brand new then so I didnt think I had done too badly after 15 months.