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#1

Posted 29 March 2005 - 04:01 PM

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Hi Bros,

Need your expert advice to find out the current market price for selling a BMW 520iA.

Model : BMW 520iA (Old look)
Registered : Aug 2003
OMV : $55,900
COE : $31,000

How much can this car fetch now in the market? A dealer is offering only $108,000 for it. Which is only about $9k+ depreciation a year. Too low for a branded conti car.

What's the average depreciation value for a Beemer?

Thanks in advance.

#2

Posted 29 March 2005 - 04:04 PM

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calling RadX!!

#3

Posted 29 March 2005 - 04:08 PM

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Actually 108k is too low. Was offered about there for a Jan 2002 car..

#4

Posted 29 March 2005 - 04:08 PM

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E39 should be in the range of $11,000 to $13,000.

Sounds too good to be true?

#5

Posted 29 March 2005 - 04:42 PM

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?? Is RadX buying or selling? LOL...

#6

Posted 29 March 2005 - 04:44 PM

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It's offered by the new car distributor for trading-in for buying a new car... It's not even worth mentioning... LOL... But, good for reference.

#7

Posted 29 March 2005 - 04:45 PM

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Wow... only $11-13k depreciation? I think a Camry would be around that value also right?

#8

Posted 29 March 2005 - 04:47 PM

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He's not selling. Don't buy from him even if he's selling cos his car smells. Just like him.

#9

Posted 29 March 2005 - 04:58 PM

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LOL... When why is his name mentioned? Strange...

#10

Posted 29 March 2005 - 05:03 PM

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Actually 108k is too low. Was offered about there for a Jan 2002 car..


u back in singapore?
I accept the facts that a lot of drivers are
LAZY
LOUSY
and
Stupid!

#11

Posted 29 March 2005 - 05:04 PM

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He is smelly like that... Hope he don't crash into this thread

#12

Posted 29 March 2005 - 05:05 PM

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Actually about 1.5 months ago liao..

#13

Posted 29 March 2005 - 05:11 PM

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pm u tongue.gif
I accept the facts that a lot of drivers are
LAZY
LOUSY
and
Stupid!

#14

Posted 29 March 2005 - 05:12 PM

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Ok, got it

#15

Posted 29 March 2005 - 05:26 PM

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My 2 cents

u will get only the scrap value and the body which should be 10k to 15k. and u need to minus 3-5 % i u are not buying new.this ismore relevant for 80% parf cars. for the 65% parf cars it would be based on the dep. 9k is quite reasonable for a E39, 530 is going at abt 11k dep.

For new 5 its abt 13-14k, 7 is abt 15-16K.(dealer selling price so the take in will be lower)

I am not a dealer, just a buyer and i have been checking on the prices, i am driving a E38.

My best advice to u is keep the car for another 2-3yrs. Cars bought after 6/2002 will have to be kept at least 4-5yrs to break even or else the loss will bevery great.

cheers

#16

Posted 29 March 2005 - 05:43 PM

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Wow, thanks bro... Great insights...

Unfortunately it's my frd that is selling loh... Not me... For me, i would totally agreed with you regarding holding the car for at least 3-5 yrs... Otherwise lose big time... Buy the car with a longer term perpective loh... Not just because "I like it" mentality...

#17

Posted 29 March 2005 - 09:16 PM

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Hi Bros,

Need your expert advice to find out the current market price for selling a BMW 520iA.

Model : BMW 520iA (Old look)
Registered : Aug 2003
OMV : $55,900
COE : $31,000

How much can this car fetch now in the market? A dealer is offering only $108,000 for it. Which is only about $9k+ depreciation a year. Too low for a branded conti car.

What's the average depreciation value for a Beemer?

Thanks in advance.


Work backwards...if yours is 2 yrs, it should be in the range of the 65% PARF...and you should be looking at 9.5k dep still. Private buyers would give u around 120k...

Mine is still within the 80% PARF, and paper plus body can still fetch me $125k to aprivate buyer....

As for BrandonS, kindly ignore him...he is from IMH...seeking treatment here
RESPECT is only for the DEAD!
CirclesLife Code: RADX89

#18

Posted 29 March 2005 - 09:35 PM

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Only a patient from Siao Geng aka IMH will buy your car at $125,000





#19

Posted 29 March 2005 - 09:37 PM

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Correct bro.....

My paper value alone is above 100k....thus if you throw in the body
RESPECT is only for the DEAD!
CirclesLife Code: RADX89

#20

Posted 29 March 2005 - 09:45 PM

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