Last post on Feb 16, 2013 at 10:05 PM
You are in the BMW 5-Series
What is this discussion about?
BMW 5 Series, Sedan
Oct 18, 2003 (5:09 pm)
That trade in on a 540i 6-speed is an eye opener. I know you bought it used, so you didn't do poorly, but my guess is that the 540i 6-speed was about $50,000 new in 1998. A trade in of $18,000 is a $32,000 5-6 year depreciation hit.
By comparison, I almost bought a 1998 E300 Turbodiesel new in late 1997 for $42,200 (still have the purchase papers). Based upon what I see in the DC area, I could sell that car in a heartbeat today for $25k with 75,000 miles. One of my consultants has a 1999 with 70k miles and was offered either $30k on a 2004 E500 trade or $27,500 in cash to sell it to the dealer (HBL in Tysons Corner).
My conclusion is that the BMW 5-series after about 70k miles is pretty tough on depreciation compared to the E class (although, in fairness, the E430 V8 takes a bigger hit than the 6-cylinder or turbodiesel).
Oct 18, 2003 (6:06 pm)
all those who think the new 5 looks odd, well, find a new car to like...
I LOVE IT. I LOVE THE SLEEK NEW INDUSTRIAL LOOK, I LOVE THAT THEY ABANDONED BEING OLD EUROPE, I LOVE THE DRIVE
#7599 of 12737 Before Buying a Used M5
Oct 18, 2003 (10:27 pm)
It might be advisable to swing by a Cadillac dealer and Check out the upcoming CTS-V. It has received very positive reviews.
Pack a whooping 400 HP. LS V8 engine as found in a Z06 Corvette. This car is nothing like GM has done before.
#7600 of 12737 habitat, riez
Oct 19, 2003 (4:00 am)
It appears to me, based on your information, MB holds resale value better than BMW. I hope it is the badge, not reliability. I also wonder if the trend (resale value) still continues in that direction even though the reliability on the 5 series is better than MB E-class.
Oct 19, 2003 (5:35 am)
The likelihood that anyone considering a new or used M5 would ever cross shop a Cadillac is pretty remote.
BMW may have "Bangled-up" the new design from an aesthetic standpoint, but BMW has a long tradition and history of engineering excellence and exceptional driving dynamics. GM on the other hand, has a long tradition of essentially producing junk. I hate to sound so harsh, but to even set foot in a GM showroom, I would need to have a frontal lobotomy to remove from memory the cars that fell apart in the hands of my parants and other family members at a time when they couldn't afford it.
#7602 of 12737 Extra driver's seat travel
Oct 19, 2003 (6:16 am)
srfast, jb_shin, thanks for the tip. Removing that clip gains an extra 2 1/8" of seat travel. All I needed was an inch.
The question now... why is it there to begin with? My first guess is that the extra seat travel compromises air bag efficacy. Anyone know for sure? Will be checking in with BMW on this to see what they have to say.
#7603 of 12737 designman: Your assumption is correct..
Oct 19, 2003 (6:34 am)
More of a liability issue than anything else.
#7604 of 12737 Seat travel
Oct 19, 2003 (7:42 am)
I don't know about airbag efficiency. The passenger airbag is mounted farther from the seat than the driver's bag and the passenger seat travel isn't restricted, so I doubt that's the reason for the clip. My guess is that Big Brother by the Potomac feared some short person would move the seat back too far to apply the brake. Is the clip present on Euro versions?
#7605 of 12737 Seat travel cont'.
Oct 19, 2003 (12:46 pm)
Thanks, jb_shin for the great tip. Like Designman I needed about another inch to be comfortable in my 530. I think the clip is there because of the possibility of crushing a rear seat passenger's legs by accident since there is so little room to begin with.
#7606 of 12737 Resale Values
Oct 19, 2003 (1:33 pm)
530bmw... I wouldn't draw too many firm conclusions from such a small sample size.
Resale values have declined for many marques and models. All the subsidies, rebates, incentives to dealers, low interest loans, etc. have taken their toll. Just look at how much BMW was recently offering on the last E39s. Was cheaper to buy a new '03 E39 than a used '02 E39. That put pressure on all used E39s.
My '98 540i6 was 6 model years old. Almost hitting 80K miles. CPO warranty expires in February '04. New 5 Series is upon us. That impacts resales but right now no one knows for sure if the new 5 will be a sales winner or not. Winter is almost upon us and I live in the midwest. I'd hate to think what I would've gotten if I tried to sell her in winter or after CPO expired.
habitat1... You wrote, "I almost bought a 1998 E300 Turbodiesel new in late 1997 for $42,200 (still have the purchase papers). Based upon what I see in the DC area, I could sell that car in a heartbeat today for $25k with 75,000 miles." You only know what you actually get the day you sell the car. You will always get more selling your car to a private party. Dealer buys wholesale and sells at retail. But in my state, seller pays sales tax and you don't pay sales tax on the trade in portion of the new car purchase (so I saved over a $1K just in taxes).
Turbo-diesels sell to a unique audience. There aren't that many. Smallish group of people who want high fuel economy in a luxury car. You should do the analysis on a '98 gasoline E class.