Honest depreciation?

[INT_ZBZ]

So I've check a few resources to see what a person should really be paying and they show first year depreciation at over $10,000 with the following two years averaging about $5000 each. Is this accurate? I know it depends on many variables but lets just say the average M3 is in outstanding condition and has 12K miles a year.

From what I'm seeing most people can easily get an M3 for $500 over invoice. So ... Lets say I find a 2010 that sold for $69500 should I be looking to pay $49,500 or less (2013s have been out for awhile)?

How much do you think a car depreciates the minute you drive it off the lot?

I'm just trying to get a grip on real prices.

[Johndong888]

My 2012 m3 is 74k msrp. 66k + TTL (which we will take out since you can't get the taxes back unless you trade in in certain states) so 66k. 4k miles later, I assume probably 60s is what I am looking at but dealer will try to sell the car at roughly 62-64ish.

That brings the drop the minute it leaves the lot at roughly ~10% however it doesn't drop much more than that until another year or so.

one thing though, it's relatively easy to order m3 500-650$ over invoice but I am sure there are not many that have actually got that deal outside of this forum and sometime even in this forum.

After typing that, there are too much to consider and an extremely important factor is the auction prices.

[sunilkumar84]

IMO its 10K a year if you drive 10K miles year

[Silvertige]

12k. 1k per month.

[Longboarder]

Originally Posted by INT_ZBZ

How much do you think a car depreciates the minute you drive it off the lot?

$10K in one minute. It's science.

[cotenseto]

Estimating prices is more art than science.

There is no magic formula. It comes down to supply, demand, sales ability, and vehicle condition, as well as the "luck" factor of someone looking for your vehicle at the time you wish to sell it.

[STi_traitor]

Originally Posted by cotenseto

Estimating prices is more art than science.

There is no magic formula. It comes down to supply, demand, sales ability, and vehicle condition, as well as the "luck" factor of someone looking for your vehicle at the time you wish to sell it.

+1 IMO