Jump to content
Black

Appreciating Asset?

Recommended Posts

Have noticed my 530d G31 xdrive go up over 3k in value on webuyanycar since December. With doing so few miles now it has certainly pushed back my change date by at least a year.

On a four year pcp and intended to change at three. Wonder if lots of other people are doing the same which is leading to a shortage.

 

Share this post


Link to post
Share on other sites

This is why I recently changed. A speculative Motorway price request for my previous car, a Golf GTi, returned a valuation of £14,500. A week later it was £16,500. By the time I’d sent photos it was ready to sell with a reserve of £17,250, and it sold for £17,750. 

 

I went from ‘I wonder how much my Golf is worth’ to a 540i in less than a month. 
 

The flip-side is I probably paid more for the BMW than I would have done 6-months ago, so it all balances out. 

Share this post


Link to post
Share on other sites

Interesting, we just paid £33,990 (the asking price) for an immaculate 3 year old G31 540i MSport with 19k miles on it. We traveled to Scotland to get it as it coincided with a trip to the mother in law. The same car down south is at least £3k more with some dealers asking much more.


There were a couple of 3 year old 540i G31s with 40k miles on them for about £29,500, everything else was more. 

There was one with 30k miles on it for about £32k from a non BMW place we looked at but they wouldn’t budge on the price & it was massively overdue on service requirements, had 3 different makes of tyres on it & one totally flat with a nail in as presented for test drive. The door kick plates were all badly corroded along with 3 of the wheels, we walked away from that one!

 

A good few years ago we bought a 2 year old F13 640d MSport with 20k miles on it, that was £36,500. 
 

The the interesting part being the 640d price new with options was about £68k, the list price for the 540i was £55,895 (not sure that includes options though, seems quite low). 
 

It would seem the 5 series depreciate a lot less than the 6, the salesman did admit the 6 series were over priced new.

 

We sold the 6 series back to BMW about 18 months after buying it (as my other half was forced into a company car) & only got about £25k! 
 

13 hours ago, Black said:

With doing so few miles now it has certainly pushed back my change date by at least a year.

On a four year pcp and intended to change at three.

 
Neither of us have ever bought a car on finance, can you get a better deal extending like that? If the car is now worth a good bit more than it was predicted to be I’d hope so! 

Share this post


Link to post
Share on other sites

I've just sold my G30 530d after being offered a stupidly high amount from a dealer. Loved the car to pieces, however everything has its price! It's now advertised for only £1,500 less than I paid for it just over 18 months ago.

 

Sold it only to find out that any new car I want with Harman Kardon is end of the year <_<.

 

Used car stock are making absolute fortunes at auctions, people can't buy the stock hence everything going up in value currently. 

Edited by Liam2594

Share this post


Link to post
Share on other sites
On 04/06/2021 at 11:25, Andyrt200 said:

Neither of us have ever bought a car on finance, can you get a better deal extending like that?

Under the BMW PCP deals you can usually terminate early without penalty so it's question of finding the time with the right balance between market value and balance outstanding. Essentially they both reduce over time but the curves can be quite different.

 

Looks like OP has a 4 year deal but was planning to terminate early after 3 years .....

Share this post


Link to post
Share on other sites

Yes I was planning to go early after just over three years. Have done this on past PCP deals and it works out fine. Just get the settlement figure and use any equity for the next one.

 

My car was worth less than the settlement figure a few months ago but is now worth more so I am back into positive equity earlier than I expected due to the market environment.


Now reversing my initial thoughts and starting to test dealers on cost to change for cars in stock. 

 

 

Share this post


Link to post
Share on other sites

Just updated WBAC and the increase in my mileage and it's gone up by £1k!

 

Very tempted to have 10 months and 8k miles of practically free motoring

 

 

Share this post


Link to post
Share on other sites

Yes they seem to be appreciating still. I tried

to get a price for a new well spec’d 530D in stock at main dealer but zero interest from them.  So have now gone the Diesel Hybrid route, ordered an ID3 for short journeys and commute to replace our Mini Clubman and will keep the 530D for the longer hauls and Holidays. Was impressed by the ID3, motor makes it almost as quiet as the 3.0 B57 on the motorway…
Coincidently the mini has gone up £700 since I last checked.

 

Share this post


Link to post
Share on other sites

I just sold my G20 320i for £3k more than it was valued at 6 months ago…dealers are desperate for good spec, low mileage cars.

 

Decided to push the boat out and put a deposit down on a 70 plate 840i - market doesn’t seem to have moved on cars like that, so I’m over the moon. 

Share this post


Link to post
Share on other sites
On 16/08/2021 at 20:02, Back2Beemer said:

I just sold my G20 320i for £3k more than it was valued at 6 months ago…dealers are desperate for good spec, low mileage cars.

 

Decided to push the boat out and put a deposit down on a 70 plate 840i - market doesn’t seem to have moved on cars like that, so I’m over the moon. 

 

Great car choice!

Share this post


Link to post
Share on other sites

That’s a stunning looking car.

 

My wife is 3 years into a 4 year pcp on a Mini Clubman. She only put £500 in as a deposit. She’s just agreed a trade in with £6k  equity! She’s ordered a new Mini Electric Cooper S. They’ll retail her Mini for the same price she paid 3 years ago.

 

If you sell your car and can use the equity to get a brand new one this is an amazing opportunity.

 

My 17’ G31 520d is already in positive equity after only 2 years. I considered the new i4 40, but the deals aren’t really good yet. Instead I’ve ordered a new Tesla Model 3. I would’ve liked to stay with BMW but the opportunity to try something new is too good to miss.

 

 

Share this post


Link to post
Share on other sites

My wife has an i4 incoming.

 

No idea of the build date yet (probably 2022) and it’s a company car so no price or trade in comparison.

 

IMG_4512.thumb.PNG.f156e7fb024107192fcb088b6c931d0f.PNG

Edited by Carrman2018

Share this post


Link to post
Share on other sites

I think the i4 will be a better car than the Tesla, but not the extra 25% it’d cost me.
 

Plus the Tesla Supercharger Network is a real benefit, although Elon has proposed making it usable by other manufacturers soon. Whilst this would be a benefit to the majority of other brands out there, it’d be annoying to be sat in a queue of non Tesla’s waiting for an empty one.

Share this post


Link to post
Share on other sites
1 minute ago, Lord Farquad said:

I think the i4 will be a better car than the Tesla, but not the extra 25% it’d cost me.
 

Plus the Tesla Supercharger Network is a real benefit, although Elon has proposed making it usable by other manufacturers soon. Whilst this would be a benefit to the majority of other brands out there, it’d be annoying to be sat in a queue of non Tesla’s waiting for an empty one.

Yes looking forward to that….

 

Plenty of fast and rapid chargers near us together with 350 kWh Ionity’s elsewhere (including across Europe).

 

The i4 charges at up to 210kwh.

 

I think Elon knows he’s becoming an infrastructure provider!!!

Share this post


Link to post
Share on other sites

I have to say, I test drove a Model 3 for an hour. The build quality and interior were very good, at least superficially. It felt just as premium as BMW. The performance was excellent and the ride/handling good too. I know a good car when I drive one, and the Model 3 exceeded my (fairly high) expectations. I immediately wanted one. I’ve done plenty of research and the mixture of battery range/charging speed/efficiency are top notch. It’ll take a while to get used to the user interface but it felt like the future.

 

I was left feeling that the Tesla is the iPhone of the current market. If you want one, there’s very little reason not to buy one.

Share this post


Link to post
Share on other sites
9 hours ago, Lord Farquad said:

I have to say, I test drove a Model 3 for an hour. The build quality and interior were very good, at least superficially. It felt just as premium as BMW. The performance was excellent and the ride/handling good too. I know a good car when I drive one, and the Model 3 exceeded my (fairly high) expectations. I immediately wanted one. I’ve done plenty of research and the mixture of battery range/charging speed/efficiency are top notch. It’ll take a while to get used to the user interface but it felt like the future.

 

I was left feeling that the Tesla is the iPhone of the current market. If you want one, there’s very little reason not to buy one.

 

I also test drove one fairly recently and the comfort, performance and handling was fantastic.

However, I found the human interface lacking. It was fairly unintuitive in the grand scheme of things. I'd much much prefer it with a traditional interior, most of my issues were something you would absolutely get used to - but 'getting used to' something doesn't mean it is better in any way at all.

 

I'll be ordering an i4 M50 a little later this year, I expect

Share this post


Link to post
Share on other sites

The interface is definitely marmite. I suspect it’s really designed for Autopilot running (easier to watch YouTube than adjust your mirrors). 
I’m a fan of buttons normally. But I’ve seen that the voice controls work pretty well so that’ll probably be my fallback.

Once I’m driving I only really tend to swap between Comfort and Sport Modes in my BMW, looking for extra performance at times. I don’t even swap music once it’s playing. 

Share this post


Link to post
Share on other sites

I wonder how long batteries will last if they're rapid charged regularly? I hope they're  getting better now, it was a real problem a few years ago. Every rapid charge knocked off a few % of capacity.

Share this post


Link to post
Share on other sites

We owned a 1.5 gen Nissan Leaf and it was fast charged a dozen times a year. We had it for 3 years and when we sold it at about 40,000 miles the battery hadn’t degraded noticeably (it still gave the same range estimates and hadn’t “lost segments” on its display, which is how that car demonstrates degradation). They’re certainly not like phone batteries (my iPhone shows loss after only a year).

 

Back on the original topic, BMW are keen enough to buy my car, offering the same as WBAC. I’d guess they’d retail it for more than I paid.

Edited by Lord Farquad
Added more

Share this post


Link to post
Share on other sites
On 22/08/2021 at 15:17, Back2Beemer said:


cheers! Just got it delivered at the weekend, I’m absolutely over the moon with it. 
 

 

776B53A5-EF30-4569-9CE1-E74DEFD6F11B.jpeg

Great looking car …. Not too many around either 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×

Important Information

By using this site, you agree to our Terms of Use.