Depreciation on 120d M Sport?
Discussion
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?
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?
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.
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.
there are some good buys out there...
For example
http://www.bmw.co.uk/bmwuk/auc/car_details/0,,1260...
For example
http://www.bmw.co.uk/bmwuk/auc/car_details/0,,1260...
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
If you can find a nearly new one with the right options, then you'll save a boat load of cash.
Pete
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
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
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.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
Is it possible that you got a previous version ?
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.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
Is it possible that you got a previous version ?
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