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Last post on May 09, 2013 at 9:32 AM
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BMW 3 Series, Infiniti G37, Acura TL, Lexus IS 350, Mercedes-Benz C-Class, Cadillac CTS, Volvo S60, Audi A4, Acura TSX, Car Comparisons, Sedan
#13034 of 16087 "My" 2012 BMW 328i
by nyccarguy
Feb 08, 2012 (11:49 am)
Base MSRP $34,900
Destination $895
Sport Line $2,500
Melbourne Red Metallic $550
Technology Pkg (Nav & HUD) $2550
Heated Front Seats $500
Xenon Lights $900
Premium Package (Req'd for Xenon) $3600
Rear View Camera $400
Park Distance Control (req'd for camera) $750
Sat Radio $350
Total MSRP as built $45,345
It was more when I did this last night
They'll charge another, what, $2000 for AWD?
The Turbo 4 328i X Drive is coming later this year. I think production on the 2013 X3 Turbo 4 starts in April.
#13035 of 16087 Re: "My" 2012 BMW 328i [nyccarguy]
by qbrozen
Feb 08, 2012 (12:41 pm)
This is a prime example of why I buy used. And if you want all those options, I suggest you do the same. Most of those depreciate far faster than the "rest of the car." Take, for example, the NAV. You pay $2500 new .... that's worth all of ~$500 at trade time. Metallic paint? $0. Sport pack $800. Heated seats $0. HIDs $0. Etc. And all of this is independent of age, to an extent. Those are the same values whether the car is 2 months or 2 years old. They start going down after about year 5 or so, in most situations.
#13036 of 16087 Re: "My" 2012 BMW 328i [qbrozen]
by nyccarguy
Feb 08, 2012 (1:17 pm)
I've only owned new my entire driving life from 2 weeks after I got my license in 1992. I'm not going to be in the market for another car for a while. A 3 year old 2013 X3 or 328i w/ X drive off lease with a little more than 45K on the clock for $25 - $28K represents a fantastic value compared to their respective almost $50 something thousand dollar MSRPs. I know they've been well maintained & will run for a long time. With young children, it would be much smarter of me to buy a $28K car as opposed to a $48K car. I'll let you know when the time comes. Right now, my TSX gives me the sporty ride I need for my daily commute & my Prelude Type SH gives me "yeah baby" for once or twice a week I crave brilliant handling. Your 135i is a fantastic car for the money.
#13037 of 16087 Re: "My" 2012 BMW 328i [qbrozen]
by dino001
Feb 08, 2012 (3:13 pm)
The idea of buying used cars is great, the problem with it is that there were no cars matching my list anywhere within 2 thousand miles - in fact there are not cars even close to one I wanted. Manual tranny - nope, wagon - nope, combined - forget it. So I got a new one. Of course I (over)paid, but did it willingly. When I spent 45 grand this Fall, I decided that the car will be EXACTLY the way I want it, as long as it is available - not close, not more-less, exactly. And it had all those "full depreciation" items: Nav, HID (part of convenience package), sports package. I was initially against 2-grand Navigation, thought Garmin would do, but they dropped the price by $600 when combined with Premium package, making the price more pallatable.
My general stance on depreciation I don't care, because I buy a car for myself, not the next owner. I also like to keep it 6 to 8 years, as long as it's in good shape and has no major issues. At that point the depreciation is not such a big issue anyway . Doesn't always work this way; as a matter of fact, just traded a three-year-old Subaru STI, but that one was from the get-go intended to be a transition car. BTW, the depreciation came out just great, as I paid in November '08 $33K with all taxes and fees (even got no-interest loan on top) and sold it last week for $22.8K - less than $300/month!). So it worked out, even though I didn't care about it.
Don't expect a similar miracle with my 328i wagon though. But again - as long as it stays in shape, I'll keep it. Until now there was always "the next car", even at the very moment of purchase. This time there is no "next car" for me, not from what they have to offer. Perhaps, if Audi brings S4 wagon again (but they won't), or the new 3-series Gran Turismo (MY 2013 and beyond) comes in 335i flavor and manual tranny (which it probably won't), or they go really crazy and make M3 or M5 in some hatchback/wagon flavor (which they won't).
#13038 of 16087 Re: "My" 2012 BMW 328i [qbrozen]
by flightnurse
Feb 08, 2012 (9:21 pm)
HOwever if you buy the car with cash then you don't have much to worry about. With BMW, you get the 4yr 50K full warrenty, with my 2011 I added it up 6yrs 100Kmiles. I do not plan on keeping the 2011 for 6 yrs, 4 tops. I like the 2011 don't get me wrong, but I feel a Z4 in my future. My 2005 330ic with the ZHP package I plan on keep for a while..
So some people like to buy new and some do not, there is not a right or wrong choice here.
#13039 of 16087 Re: "My" 2012 BMW 328i [flightnurse]
by qbrozen
Feb 09, 2012 (9:26 am)
HOwever if you buy the car with cash then you don't have much to worry about.
That, of course, has nothing to do with depreciation.
I do not plan on keeping the 2011 for 6 yrs, 4 tops.
6 years isn't bad. 4 years isn't so great. You definitely get hit hard in that case.
So some people like to buy new and some do not, there is not a right or wrong choice here.
Well, of course people can do whatever they want with their money. If someone wants to waste more, that is their perogative. I certainly have no right to preach. I am quite wasteful myself on my car spending .... just not nearly as wasteful as I would be if I purchased new.
#13040 of 16087 Re: "My" 2012 BMW 328i [qbrozen]
by flightnurse
Feb 09, 2012 (10:18 am)
Preaching is what you are doing. The group you are talking to now the ins and out of depreciation, cars and how to get the best deal.
If you pay cash for your car there is no interest in the purchase, so the dollar outlay is less. I paid $39K (out the door) for my 2011 328i. In four years if I sell it for $30K I lost only 9K, I wont have more then 35K miles on the car, so selling it or trading it in wont be a problem.
Now if you wont to buy a 2 yr old car, then buy a 2 yr old car, I like others do not want a used car, this should be the end of this discussion.
#13041 of 16087 Re: "My" 2012 BMW 328i [flightnurse]
by qbrozen
Feb 09, 2012 (11:39 am)
You must be talking to someone else.
Here is what I said:
This is a prime example of why I buy used. And if you want all those options, I suggest you do the same.
Reread that again and again if you think I'm preaching. "Why I buy used." And "I suggest."
Only friendly advice in those words. Hell, I regretted it after I posted it because I don't actually WANT folks to follow it. I'm grateful to those that load up their new vehicles and take a bath 2 years later.
The group you are talking to now [sic] the ins and out [sic] of depreciation
You certainly can't speak for everyone. Actually, MOST people don't realize the depreciation of options. So, again, I was offering up a SUGGESTION, along with some historical data. You certainly don't need to gives a rat's bum about my advice. Again, that's your perogative. I didn't offer it for your exclusive benefit.
By the way, you won't be selling a 4-year-old 328i for $30k. Low-mileage '08s are going for right around $20k at auction, meaning, at the most, $24k retail and $22k private party. But I'm sure you knew that.
#13042 of 16087 Re: "My" 2012 BMW 328i [flightnurse]
by m6user
Feb 09, 2012 (11:39 am)
I paid $39K (out the door) for my 2011 328i. In four years if I sell it for $30K I lost only 9K
LOL. I assume you paid sales tax and other fees so the car was probably around a sales price of $37k. Depreciation of less than 19% in four years? Good luck.
#13043 of 16087 new vs. used, financing vs. cash
by nyccarguy
Feb 09, 2012 (12:34 pm)
I didn't mean to throw up a topic & start an argument between 2 posters. Especially q who is our resident auction maven & 135i driver and flightnurse who tracks his ZHP on a regular basis & found an awesome E90 low optioned 328i w/ SP & stick. "Can't we all just get along?"
Like I stated, I've only bought (or leased) new cars since the glorious day I got my license back in August 1992. I'm happy with my 2010 Acura TSX as a DD (could use more power, hydraulic steering, & MUCH better brakes), but am not head over heels in love with it (like I am my 2001 Prelude Type SH). My TSX was also a car that I bought originally for my wife with Cash 4 Clunkers money that I knew I'd be driving on the weekend, but not every day. This changed when we decided to have a 3rd child and now needed a bigger vehicle. Bought her a 2011 Pilot, The 2010 TSX becomes my DD, & my beloved Prelude gets driven once or twice a week (yes it gets the garage with the Pilot).
I'm always thinking (building online & checking out used car values) about what's next. I know the financially smart thing to do is to pay off the TSX (just refinanced), and drive it with no payment until the wheels fall off. Cars are my "thing." I've been hooked on BMWs ever since I drove a friend's '95 E36 325is (stick, sport) through the streets of Buffalo one winter night when I was in college. I leased my wife an '07 X3 and just loved the way it drove. It was never in the shop once except for scheduled maintenance.
With 3 kids and a mortgage, I think it would be selfish of me to go out and buy an almost $50K car (328xi or X3). If in a few years, I can muster together a small down payment, then I can convince the board of directors (my wife) that this Mid to high used $20K BMW (X3 or 328xi) is what i want and I think it'll last, then I'll go for it! Life's way too short to drive boring cars.