If you're curious about resale value...

[areyouamac]

I purchased a 2013 M3 (VIN: WBSKG9C58DJ973121) with 27,000 miles from Carmax for $40K back in July 2018.

Went in for an appraisal twice...
38,000 ~ 39,000 miles, they offered me $33000
1 year of ownership, $7K depreciation

44,750 miles, they offered me $31000
1.6 years of ownership, $9K depreciation
- This is the same amount I owe on the car at the moment.

The reason I went in this time, was there's a 2010 M6 with 19,000 miles. The difference for me to switch will be ~$5K-~6K. The car will have a warranty from the date of purchase for 5 Years, or up to 75,000 miles.

[wyatth]

That’s also trade in versus Carmax sale price, no? So apples to apples the true depreciation is a bit less. Not bad IMO given the miles you drove, about what I would expect for an E92. I suspect they’ll level off from here.

[areyouamac]

wyatth

Negative about the trade-in value. The 6 pricing didn't make a difference in the offer they gave.

They presented the $31,000 offer without a contingency of purchasing the 6. The only benefit I have of trading in the 3 with purchasing the 6 at the same time, is saving $2K in sales tax.

For the 3 leveling off, yes I noticed the pricing (only looking at Carmax at 2013s) has been averaging at mid ~$30s.

[wyatth]

I mean their offers of $31/$33K were trade in values versus your purchase of $40K. I wouldn’t consider that $7-9K in depreciation since they would have offered you less than $40K the day after you bought the M3.

[akkando]

Originally Posted by areyouamac

I purchased a 2013 M3 (VIN: WBSKG9C58DJ973121) with 27,000 miles from Carmax for $40K back in July 2018.

Went in for an appraisal twice...
38,000 ~ 39,000 miles, they offered me $33000
1 year of ownership, $7K depreciation

44,750 miles, they offered me $31000
1.6 years of ownership, $9K depreciation
- This is the same amount I owe on the car at the moment.

The reason I went in this time, was there's a 2010 M6 with 19,000 miles. The difference for me to switch will be ~$5K-~6K. The car will have a warranty from the date of purchase for 5 Years, or up to 75,000 miles.

You should have seen what the one day depreciation was!

[akkando]

Originally Posted by wyatth

I mean their offers of $31/$33K were trade in values versus your purchase of $40K. I wouldn’t consider that $7-9K in depreciation since they would have offered you less than $40K the day after you bought the M3.

Or another way to put it, they don't intend to resell it for the same price they're offering you for the car.

[RedScytheM3]

What's the private sale value? Who cares what carmax offers, they're going to offer lower so they can sell for profit. I bet the private sale value of the car has not moved much in the time you've owned it.

[LakeSurfer]

that's not exactly how it works.

You're comparing what you bought it for next to what they would buy it back for. You need to add anywhere from 5-15 percent to there offer. And also if you paid $41k a year and a half ago that, to me is a little on the high side. I would put it closer to $37k at the time of purchase. They buy it from you for $31k and put it on the lot for $35k then sell it for $34k. You depreciation would be closer to $3-$4k. This would put it closer to the average between 8 and 15 percent annual depreciation.

[cognoscenti]

Originally Posted by LakeSurfer

This would put it closer to the average between 8 and 15 percent annual depreciation.

Excellent point, LakeSurfer. Of course, the depreciation curve is not linear. What we're seeing for quality examples with miles on the low side is a slowing of depreciation. As areyouamac pointed out, mid-thirties is still appropriate for the 2013 E92 M3.

[amrazM]

Paid high retail and then wants to trade-in, this is how dealerships stay in business.

[IB M]

Good data.

Btw the depreciation curve of the M6 has to be double that of the M3.