Quote:
Originally Posted by khp3655
I just bought my 2022 30 with 9.5k mi. The sticker price was just under $59000. I got it for $46000 with 2 years remaining on the warranty. That's about a 22% depreciation.
I agree with the posts here saying that people who buy luxury cars generally have the funds to deal with the depreciation and it is no secret that BMWs lose a lot of value in the first few years. A lot of that is the cost of repairs as the cars age out of warranties vs non-luxury brands.
Most people who can afford a late model BMW don't have to buy used, so there is a drop off in demand. It also creates a value sweet spot for people who want to put in the effort of finding the right late model used luxury car.
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Easy way to see what BMW thinks a car is worth in the future is to look at the lease details on residual value.
You can also check residual value of other car leases to compare.
I think big bucks car prices tank with age is because most people looking for a big bucks car can afford a new one. This pushes the used BMW down market to the used car buyer. Cars at the national average for new cars will not fall as fast because that market is closer to the used market price wise.