2011 BMW 640ise Convertible

[beemarman]

Hi,

Has anyone got a 2011 640i SE Convertible? I've been looking at them for the past 8 weeks and I've noticed the prices are falling quite fast for such a new car.

I really want one, but not sure when is the best time to get one. I have seen a couple advertised and wanted to know what you guys think. Should I wait another 2 months or should I just pull the trigger and get one now?

http://www.autotrader.co.uk/classified/advert/2011...

http://www.autotrader.co.uk/classified/advert/2011...

[DavidHM]

With a diesel M Sport available now, which way are prices on petrol SEs going to go?

I suspect that an equivalent car (i.e., same spec, but a year newer - if you can find one) will be at least £10k cheaper in a year's time.

[martman69uk]

Next winter, the BMW dealers will all be fighting each other to have the cheapest, and by that point some specialists will have them too, I would really recommend the 640d though, I had one a couple of weeks back and that engine is a peach!!!

[Kananga]

There seem to be a lot of cars in the BMW network that are unsold, majority being 640i SE's. Some of these cars are up at £20k under list (around the £50k mark).

I wondering seem of these cars start to make sense on finance if the residuals are assumed to be 40% of original list ? Or are these cars likely to be worth less than £30k in a couple of years time ?

[DavidHM]

Based on what was happening with E63/E64s and F01s, I'd suggest £25k retail at three years old with 50k.

I know that the E63 is seen as an old design but big petrols and not a huge amount of momentum, plus with a new shape Mercedes SL to contend with... this is going to be a cheap car. Maybe they'll do a little better until supply increases but put them up against an ex-lease 640d that's a year newer, and they'll have to be properly cheap to sell.

[beemarman]

DavidHM said:

Based on what was happening with E63/E64s and F01s, I'd suggest £25k retail at three years old with 50k.

I know that the E63 is seen as an old design but big petrols and not a huge amount of momentum, plus with a new shape Mercedes SL to contend with... this is going to be a cheap car. Maybe they'll do a little better until supply increases but put them up against an ex-lease 640d that's a year newer, and they'll have to be properly cheap to sell.

I think you're right. Thanks a lot.

[beemarman]

Update.

BMW offered me £32k for my 2008 X6 with 34k miles for a P/EX with one of the 2011 640i convertible advertised at £49850k

It's a very good offer as my car is worth about £32k if I try and sell it privately. Hmmmmm decisions, decisions.

[rj1986]

32k seems very good.
I was looking to buy an X6 (got a MUCH cheaper X5 in the end and love it) and Sytner were selling a few 6's for 33-34k on 58 plates with a good amount of kit.

[Aeroresh]

I dont think they're being generous somehow. Probably means the true price of the 640i is nearer £42k !