Price?

[mswaz]

A local Porsche dealer offered me $68K a couple months ago on trade on an new 911S that was marked down $30K. Should have done that but didn't.
Just recently a BMW dealer offered $60K on trade for an M3 and a local NADA buy quote car unseen at a local dealer was $61,500. I ended up keeping it and just buying the M3 without trade. Worth more to me than $60K.

[vitaman]

Assuming the M3 was about 70 K, his 60K offer to you was actually closer to 65K considering tax savings....depending on where you live. I still understand your keeping it.

[JDM-20L]

FWIW



Note the government charges ^^

[LeMansX5]

Originally Posted by JDM-20L

FWIW

Note the government charges ^^

How much does a family doctor make in Australia? to get an idea of relative figures.

[jlee]

Wow this thread is depressing. I put 20% down thinking I didn't want to be under water on my loan but based on these prices it's already underwater !!

It's definitely a keeper but man I never thought that it would be depreciating this fast. Makes me wonder whether I should sell it to cut my losses and get into a Porsche or something that retains its value better.

Jeff

[Rez]

Trust me the Porsches or any other truck in this price range will drop just as well if not more. If you don't want to lose money don't buy the expensive cars

[jlee]

Originally Posted by Rez

Trust me the Porsches or any other truck in this price range will drop just as well if not more. If you don't want to loses net don't buy the expensive cars

I'm actually thinking the new 911

[Rez]

Originally Posted by jlee

I'm actually thinking the new 911

Now that is a different story

[998M]

Originally Posted by jlee

I'm actually thinking the new 911

The new 911 is the reason I am selling my X5M.

[998M]

Although Porsche does hold their resale better than BMW and much better than Audi.
For those that leased, what was your residual value at the end of the lease? How many years and miles?
If you paid $95k, drive it 15k miles per year for 3 years your residual should be around 62%, right? Or about $59,000. This is why I generally don't buy new.
The part that really sucks is I paid $95k, drove 40k miles in 2 years. I have $15k worth of extras and I still cannot sell it on eBay for $60k. Ouch. And my wife has finally put her foot down that one car has to go before a new one shows up.