640d GC Sudden drop in value
640d GC Sudden drop in value
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Discussion

x-1oyqa

Original Poster:

8 posts

109 months

Monday 30th October 2017
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about 2 months ago I bought my 640d GC at a price that seemed right, i did the research i searched the whole of the AUC sites and autotrader - i didnt look at ebay at the time. It was higher budget slightly but i was pretty sure i had checked everything what was available. I bought the car i wanted with loads of extras, just 2 months later you seem to be able to get a 66 plate for the same price i paid for a 64 plate - how can it be such a drastic change in a short period, is it related to the end of the 3 year period where they are in warranty and drop in value after? i love the car but feel a little abused considering what i could have got... any thoughts?

Ninja59

3,691 posts

143 months

Monday 30th October 2017
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Age seems to damage the price of the 6 series more than anything, mileage seems to have little real impact.

You have to remember that discounts on 6 series were large to get them shifting. The AUC market was close to the level of new cars in some instances (more so if finance is involved and the APR rates being vastly different).

Finally you have to remember production of the 6 series, excluding the new 6GT is not far from ending for the F06, F12 and F13.

Mine is on a 65 plate and I am debating whether to consider changing in the next year or so. But brutally bar the tyre costs and silly 20's I love the car.

anonymous-user

85 months

Monday 30th October 2017
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Unless you are selling, don't look at prices and enjoy the car.

cerb4.5lee

45,198 posts

211 months

Monday 30th October 2017
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garyhun said:
Unless you are selling, don't look at prices and enjoy the car.
Agree with this, having a car is an expensive game at the best of times, and watching the depreciation only spoils the experience.

x-1oyqa

Original Poster:

8 posts

109 months

Monday 30th October 2017
quotequote all
thank you guys yes i never do this after buying something usually, it is an amazing car but already having tyre issues on 20s smile so i know that one, i had 2 tyres bulge within the first few miles, so they are getting changed.

I only looked as after i bought it wasnt sure if i had made the right choice and coming froma 535d it was quite different...i considered if I should have got the x5 and i contacted a dealer with an M50d and asked about a trade in expecting not much to have changed apart from the obvious dealer fees but it had dropped 10k in value in 6 weeks so i was quite shocked

Welshbeef

49,633 posts

229 months

Monday 30th October 2017
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x-1oyqa said:
thank you guys yes i never do this after buying something usually, it is an amazing car but already having tyre issues on 20s smile so i know that one, i had 2 tyres bulge within the first few miles, so they are getting changed.

I only looked as after i bought it wasnt sure if i had made the right choice and coming froma 535d it was quite different...i considered if I should have got the x5 and i contacted a dealer with an M50d and asked about a trade in expecting not much to have changed apart from the obvious dealer fees but it had dropped 10k in value in 6 weeks so i was quite shocked
Did you get AUC is main dealer BMW? If so take it back and they will change those ruined tyres. They cannot sell a car and then a mile or so later tyres bulging.

cerb4.5lee

45,198 posts

211 months

Monday 30th October 2017
quotequote all
x-1oyqa said:
thank you guys yes i never do this after buying something usually, it is an amazing car but already having tyre issues on 20s smile so i know that one, i had 2 tyres bulge within the first few miles, so they are getting changed.
The tyres on 20's caused me headaches and cost, I had a bulge on one of the front tyres on the run flats and I hated the ride, so I swapped to non run flats and then suffered three punctures!! banghead The car doesn't suit the UK's st roads very well that's for sure.

Welshbeef

49,633 posts

229 months

Monday 30th October 2017
quotequote all
cerb4.5lee said:
The tyres on 20's caused me headaches and cost, I had a bulge on one of the front tyres on the run flats and I hated the ride, so I swapped to non run flats and then suffered three punctures!! banghead The car doesn't suit the UK's st roads very well that's for sure.
They do look one of the best looking couple around. Without getting silly Mirage money.

x-1oyqa

Original Poster:

8 posts

109 months

Monday 30th October 2017
quotequote all
what causes the bulges? i have just ordered 4 new tyres today - i also had the wheels refurbed in gloss black last week on the grey car it just looks oustanding - hoping i dont get loads of punctures though, did anyone try the autoseal stuff that i read about? where it stops punctures?

XMT

3,948 posts

178 months

Monday 30th October 2017
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Sorry to say but you bought it at the wrong price. In fairness its not your fault, the 6 GC is a funny one when it comes to values becuase of actual price paid and RRP is so far apart.

I have looked at this on and off for over a year and they have just dropped and dropped and dropped. High spec ones seem to keep their value but I find an absolute must is the adaptive LED headlights, the pano roof with 20s.

Up until 2 months ago many of the 6GC available were low millage then around 2-3 months ago an influx of higher millage ones came into AUC and skews the values. Generally I only ever used to see 6GCs with say 30k max and AUCs only really kept 0-25k mileage examples. I looked even last month and they have 30-50k mileage examples for same prices as newer lower mileage ones.

Very odd. In the end i got an A7. Never found the right spec at the right price so I stopped bothering coupled with the fact that BMW alloys are made of chocolate TPITA.

helix402

7,913 posts

213 months

Monday 30th October 2017
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People are scared of diesels now because they believe what they read in the Daily Mail.

x-1oyqa

Original Poster:

8 posts

109 months

Monday 30th October 2017
quotequote all
XMT said:
Sorry to say but you bought it at the wrong price. In fairness its not your fault, the 6 GC is a funny one when it comes to values becuase of actual price paid and RRP is so far apart.
I guess its only wrong if you're bothered about the money, which I am smile slightly but not massively, the question was simply about the sudden drop i bought my car with 12k miles on it and lots of extras including the pano roof at the time I bought it i couldn't find a car with same miles, options and no previous owners its a 64 plate so I went for it, but then just the other day I found a 66 plate for the same money which I found very cheap so thought I would ask the questions about the sudden drop.

I had this happen once before with a 5 series, I bought it and a few months later the cars of similar spec and mileage had dropped considerably, so I sold it quickly, and then 2 years later the same cars were still the same price I sold it for so I am not overly worried in that sense. I am sure it will come in waves

cerb4.5lee

45,198 posts

211 months

Monday 30th October 2017
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Welshbeef said:
cerb4.5lee said:
The tyres on 20's caused me headaches and cost, I had a bulge on one of the front tyres on the run flats and I hated the ride, so I swapped to non run flats and then suffered three punctures!! banghead The car doesn't suit the UK's st roads very well that's for sure.
They do look one of the best looking couple around. Without getting silly Mirage money.
I love the looks and the way they sit on the road and I think they do look very striking, it's a lot of car for the money I reckon, paid £32k for it and traded it for £14k and had it for 33 months, it was a car I always liked so glad I had one(tyre issues aside!).

T16OLE

2,965 posts

222 months

Monday 30th October 2017
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I paid £25k for my 640d last April, it’s a 2011 model, WBAC now has it at £13.8k and more than BMW offered on p/x.

I’d like to think it’s £17k.

As you say, buyers market.

I’ll keep it for another year or so, to stretch the deprecation out. 25k miles a year doesn’t help.

I do think that their price is very spec dependent

Taita

8,016 posts

234 months

Monday 30th October 2017
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OP, (and others!)

Any pics? I love the 6 series, always have! Just need a 30k pay rise!

mad4amanda

2,410 posts

195 months

Monday 30th October 2017
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is this not also due to there being a relative lot of them coming on t the used market at the end of 3 yr pcp deals which were manufacturer funded and hence very attractive to new car buyers , now there are less people looking for a potentially expensive used car out of warranty ?

x-1oyqa

Original Poster:

8 posts

109 months

Monday 30th October 2017
quotequote all



x-1oyqa

Original Poster:

8 posts

109 months

Monday 30th October 2017
quotequote all
mad4amanda said:
is this not also due to there being a relative lot of them coming on t the used market at the end of 3 yr pcp deals which were manufacturer funded and hence very attractive to new car buyers , now there are less people looking for a potentially expensive used car out of warranty ?
this was my thoughts really not sure how it applies to newer cars getting cheaper though as i said i saw a 66 plate 0 previous owners, 10k miles with some good spec on it for 31k the other day - not sure if it was a one off or something not right about it..

cerb4.5lee

45,198 posts

211 months

Monday 30th October 2017
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My old 640d Coupe.


Taita

8,016 posts

234 months

Monday 30th October 2017
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God they are lovely.