How long do you intend to keep your e70?

[2thdr]

LOL...just came across this thread. Went to the dealer to get a trade in price. I cannot believe how much depreciation/loss in value this vehicle has incurred. Picked it up end of April, 2007, and as of today, 40K miles from highway driving. Leased for 4 yrs, with price at $78KCDN.

And the response was...$35K. I knew there was high mileage, but wow. When I traded in my e46 M3 for this, I had driven my M3 for 3 yrs, 40K miles (coincidence). From an original value of $76K CDN, I was given $54K CDN.

The kicker is that I had originally planned to release this when the term was up, since I am able to write off a large portion of the vehicle for work, but since the black book value has tanked so much, the lease company won't touch it, since it will be worth substantially less than the residual value once the the remaining 2.5yrs of the current lease run their course.

Oh well, we don't drive these things to make money, do we?

[Texas5]

Originally Posted by 2thdr

...Picked it up end of April, 2007, and as of today, 40K miles from highway driving. Leased for 4 yrs, with price at $78KCDN.

And the response was...$35K.

That's why I always lease - in this case 30 months.

[Boston X5 4.4]

Originally Posted by 2thdr

Went to the dealer to get a trade in price. I cannot believe how much depreciation/loss in value this vehicle has incurred. Picked it up end of April, 2007, and as of today, 40K miles from highway driving. Leased for 4 yrs, with price at $78KCDN.

And the response was...$35K.

$50K drop from MSRP in 16 months