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.

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.

FWIW

http://img846.imageshack.us/img846/1...20203at959.png

Note the government charges ^^ :rolleyes:

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

This ^^ I'm not sure of...

But I just glanced over that again and can't see the 10% GST anywhere(equivalent of sales tax) it's probably already absorbed into the price somewhere?

It's disgusting! :yikes:

I'm pretty much decided on getting one of these next but I can tell you now its gonna be a low mileage 2 year old one (at the time) I just can't stomach giving this government that much more money on top of the taxes we already pay.

I'll let someone else hand it over and take the depreciation hit... :popcorn:

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

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

I'm actually thinking the new 911 :D:D:D

Now that is a different story :D

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