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The Market determines the value... (archive)

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Posted by ///Mike G on September 25, 1998 at 09:37:56:

In Reply to: More explanation posted by Trev P on September 25, 1998 at 08:48:32:

of your car. Just because you think it is worth more, doesn't mean the market will pay it. That is how everything works in a capitalistic economy. Your dealer is a business and they have made a business decision based on market influences, obviously that decision is not to your liking. They have decided it is not worth their while to give you the buyout price for your car just to sell you an E46 at 2% below MSRP. Now that the 2.5's (2.3 to marketing kooks) are out, the 1.9's just took a bigger hit in depreciation. Not meant to be a flame, just passing on capitalistic market info.

: OK, maybe I should explain a bit more about my situation.
: :
: First, I'm 13 months into a 2 year lease. The car is certainly worth MORE than my buyout, even on a trade. At this time my dealer is only wishing to give me my buyout less $1000. What about any equity still in the car? In my mind I should be getting around 2-3K not a $1000 defecit.
: :
: Maybe I don't understand leasing 100% but you can't tell me a BMW depreciates more than a standard 20% in the first year? My calculation shows a depreciation of 33%!!
: :
: Something is not right here.

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