Congrats to your mom dude!

Just as a personal comment to all on the forum...
I do like BMWs, Lamborghinis, etc...
Is just that I don't "see" 100000uss on those cars.., the wheels... are. well.. wheels.. like any other, the paint is.. well the same color as other million cars..
Does it has gold somewhere..? if so, what for?..
I understand that exclusiveness costs also, granted, ...still, too much.
Also.., the reaction you get with the design-power-etc. I agree we have to pay for that, ...still, too much.
I understand it may cost a lot more than a Mustang to build it, but 400-500% more??? noup, I don't think so.
So I supose to sum it up I believe is ridyculous the prices some cars get.

Any way, is good to be able to be ridiculous sometimes

Salutes

Giorgio

 

A 2005 BMW M5 Sedan worth a little more than 100K "the other day" will be "probably worth $80k trade in now" correct?



You have no clue, do you?

 

....you know how much you lose on the car as soon as it leaves the lot?^^^

 

Coming from the boy who thinks a BMW M5 is a 2005 F-150. . Sorry Pat, but BMWs don't depreciate that much at all.

 

Just for giggles (values are from NADAGuides.com):

Base MSRP of a 2007 M5 (with Gas Guzzler tax): $86,895
Average Retail of base 2006 M5 with $15k miles: $81,100

So, the M5 has tremendous resale value, holding 93% of its value after one year...and that is off of MSRP.

Not that those with $100k for a car really care that much though. Maybe someday I will be in their shoes...yeah, right!

Now, contrast that with my '05 F150. MSRP was $35k...I paid $24k. So, I only paid 69% of MSRP. The value after 1 year is probably closer to 55-60% of MSRP.

 

Using those numbers, the F-150 holds 91% of it's value. That's pretty darn good, and it's a lot cheaper and more useful than the BMW. I don't think you really can compare the two. You should compare truck vs truck values.

Nice purchase btw.

 

AKA THE ULTIMATE DRIVING MACHINE, I used to work at a BMW dealership back in 2000 and they do have some of the sweetest cars out there. The semi that delivers these cars to dealerships only carry about 4 to 6 im not sure but on the sides of the trailers they say DELIVERING SOMEONES BABY.


Nice ride BTW.

 

I agree...the BMW is of zero value to me as it won't tow my travel trailer very well. Also, almost no one pays MSRP for a Ford truck (they're nuts if they do), but my guess is that BMW gets MSRP+ for the M5. It wasn't really meant as a comparison as much as it was supporting the point that the M5 holds it's value very well.

And yes, when you get 30+% off MSRP on a Ford truck, it's value holds really well. NADAGuides says retail for my truck with 15k (it only has 11k) is $25k+....$1k more than I paid. That's not too shabby...if I could only get that for it.

And yes, that Bimmer is one sharp piece of machinery.

 

Like I said...with all these post "I sold my F150 and bought a prius" posts I thought I would be a jackass and start something. I dont really think anyone really relied on my credibility on here anyway. So I could care less. It's basically my car anyway because I can drive it all I want anyway. So dont cry. Its ok...

As far as the rear axle...I like cheese enchiladas!

 

Ha.

 

that that V10 Sedan, like 500hp.... omg i love those things!

 

Do you know how welll a BMW holds its value?

Clearly not!

Thanks for coming...

 

Actually, the figures quoted on holding it's value are not true. Not wrong, but not true.

Buy a car for 100 k in California and out the door it is 116,000 with tax and license. The quoted prices never mention that you don't get the tax etc. back.
So if it sold for 93,000 the next day (and you wouldn't get that) you still lose 23k for owning it one hour.
That's just how it works. It applies to any car/truck but when the numbers get high few people buy used thus making it even harder to sell.
20% loss on a car in a day is actually pretty good.
Do the math.

Chris

 

i know they do, but compared to what you buy it from the dealer for and what its MSRP is....you lose a fair amount of money as soon as it comes off the lot.

we've owned 3 BMW's......

 

Unless you trade of course. At least here in Missouri, if you buy a car that is 30k and your trade in drops the price 25k for a difference of 5k, you only pay tax on the 5k...not the entire 30k.