Last post on Sep 21, 2009 at 2:19 PM
You are in the BMW X3 & X5
What is this discussion about?
BMW X3, Subaru Forester, Car Buying, SUV
#16 of 18 Not including tax and license
Sep 21, 2009 (6:55 am)
That 20% drop in the 'value' of a BMW to a dealership in less than a month's worth of ownership does not include tax and registration. With those it is even worse plus the profit goes back to the people who sold you the *** car in the first place which makes the pain and suffering of owning the BMW even worse.
#17 of 18 Re: Look at the numbers [pp2009pp]
Sep 21, 2009 (2:02 pm)
"... So, let us consider trading in a *** X3 with a few hundred miles on it... Cost: 20% of the purchase price in less than 1 month of ownership..."
But he wants to trade back a Forester with a few hundred miles on it, to the dealer that sold it, for another Forester. At least he can look at the deal. Maybe it will be 10%.
#18 of 18 Re: Look at the numbers [aatherton]
Sep 21, 2009 (2:19 pm)
Yes, that's a good point. They will provide more 'aggressive' pricing for another of the same make even if it is a different model. I suspect 'aggressive' pricing isn't anything to write home about. People's deals of course will vary depending on how badly dealerships are doing these days.
Still, simply because of the transfer of title, the car will lose an amazing amount of value. Check out cars driven by the dealership personnel. They have never had transfer of title so they are considered 'new' even with hundreds of miles on them. At some point, the warranty clock may kick in (say 700 miles) but otherwise they are new.
It is aggravating that it is really only in the paperwork.