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Re: Don't be shocked (more) (archive)
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Posted by Macht M3 on December 18, 2000 at 12:50:36:

In Reply to: Don't be shocked (more) posted by brianz24 on December 16, 2000 at 11:23:21:


My guess would be the trade value will be somewhere around $15K less than you originally paid for it. Unfortunately, depreciation on the 7 series is not wonderful. That's the sole reason I leased my new 740. I didn't want to take the depreciation hit. Not only that, trade in values tend to be low anyways.. Depending upon where in the country you live.

The 7 series is probably the softest luxury car going. I just spent 2 months trying to sell a 96 il that was immaculate, certified, w/78,000 miles. No takers. Traded it in on a 2001 Ford F-250 Crew Cab 4X4 for my wife, and got a 1999 M3 convert for myself. I wa sonly able to get 21,000 in trade on that thing, and blue book was 24,000. The only large luxury car I would ever own again is a mercedes. Their depreciation is much. much better. 7 is a great car, but they are financial and mechanical liabilities. The M3, on the other hand, has a very strong re-sale.

Good luck, though. Let us know how it goes.

Brian
2001 740i Sport




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