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Losing 2/3 of value!! (archive)

[ Follow Ups ] [ 3-series (E46) Message Board ] [ Msg. Board FAQ ]

Posted by MikeW on November 23, 1999 at 16:52:01:

In Reply to: My point exactly (more) posted by BM on November 23, 1999 at 16:22:12:

Remember it isn't the gross resale amount that's important, it's resale amount as a % of original purchase price. Using your numbers,
if you pay $1400 for leather as an option, and only get back $500 for it at resale, that's a horrible loss. Think about it. Would you buy the car if, having paid $35K for it, you could only sell it for $11,500 after a few years.

The kicker is, that in a give number of years (say 5), the leatherette will be in much better shape.

: People keep saying that the leather costs
: $1400. Of course it loses quite a bit of its
: value, but after several years, you'll still get
: $500 more for a car with real leather than one
: with leatherette (considering that the condition
: of both is equal after the time). I'd never buy
: a car with a glorified vinyl interior, not matter
: what the cost of the leather. But to each his
: own.

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