how much will a may'03 520i executive series fetch right now
- Thread starter moreau
- Start date
Moreau,
Just an wild uneducated guess.
Approximately $150K to a private buyer?
This is taking into account, the current selling price, first year's depreciation, less initial freebies (road tax, overtrade, finance rebates) & 1 year less warranty coverage.
A car dealer or 5-series owner/owner-to-be would be in much better position to give a more accurate price!
Regards.
Just an wild uneducated guess.
Approximately $150K to a private buyer?
This is taking into account, the current selling price, first year's depreciation, less initial freebies (road tax, overtrade, finance rebates) & 1 year less warranty coverage.
A car dealer or 5-series owner/owner-to-be would be in much better position to give a more accurate price!
Regards.
Actually i doubt that it will be 150k, prob much less bc i think the last batch was abt 175k. prob around or less than 140k bc the e60 03 520 is going ard 150-160K+. 1st year u lose abt 30k or more for a beemer.
May '03 will be considered 2.5 yr old car by the time you try to sell it to the dealers in say April '05. That's how they work their 'holding-cost contingency' sums, based on my own experience.
So you will be lucky if you are offered at least $120K for your 520i. Am not surprised if they offer you $110K only ... with reasons like having to match new cars selling at 55% PARF (on 10th year, vs your 65%), older model (i.e., less demand) and all the blah.
They will also probably argue on a $30K/yr average depreciation basis, over the first 2 years, for conti/luxury cars to arrive at the $110K number.
Go try asking around. I don't think $110-120K will be far wrong.
So you will be lucky if you are offered at least $120K for your 520i. Am not surprised if they offer you $110K only ... with reasons like having to match new cars selling at 55% PARF (on 10th year, vs your 65%), older model (i.e., less demand) and all the blah.
They will also probably argue on a $30K/yr average depreciation basis, over the first 2 years, for conti/luxury cars to arrive at the $110K number.
Go try asking around. I don't think $110-120K will be far wrong.
reardriven
Well-Known Member
sierrasg said:
I have observed early 2001 models (80% parf) ones going for about 95-105k region, depending on options available.
E39 took a big hit from the E60 but that is only expected since they look radically different.
Sorry, my estimate is completely wrong. I thought that it was 1 year old (i.e. May 04) and the E60 model..
If it's the E39 model, I think the depreciation is around $10-11K/annum for the remaining years left. May 03 falls in the 65% parf scheme right?
If parf is around $32K (~50K OMV), then it's gonna be around $88K (8yrs x 11K) + 32K = $120K to a private buyer.
If it's the E39 model, I think the depreciation is around $10-11K/annum for the remaining years left. May 03 falls in the 65% parf scheme right?
If parf is around $32K (~50K OMV), then it's gonna be around $88K (8yrs x 11K) + 32K = $120K to a private buyer.
