In Reply to: Re: Rate of depreciation posted by Larry on October 06, 1999 at 13:19:44:
First, check some of the used car price guides. I prefer Edmund's, but check Kelly and Nada also. This will give you a better idea what the cars are actually selling for.
Keep in mind that Manhattan BMWs connection with reality is not to strong. They have very high expenses, so they look for every last nickle they can get. They are actually owned by BMW, because no one can make money with them, but BMW feels the the need to have a dealer in Manhattan. I would try some of the better dealers in NJ and on LI.
: :I hear what you're saying, but I've got to tell you something. I've been tracking the 328 and it's pricing in the New York metro area for about 8 months (it's SO difficicult to find the car you want with all the options you want used!!)
: and since the y2k models have come out, the asking price on the 328s, particularly the '97s have gone UP rather than down, possibly reflecting the higher msrp. I know see Manahattan BMW asking as much as $32,995 for a 328, a car which retailed at 37 and change 3 model years ago!! So, the depreciation thing seems to be substatially different with BMW