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BMW 3-Series (E90 E92) Forum
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When do I sell?
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01-28-2010, 08:21 PM | #1 |
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Drives: 06' 330i SPORT / PREMIUM
Join Date: Dec 2009
Location: Halifax, Nova Scotia, Canada
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When do I sell?
I'm looking for a well thought out opinion.
I just bought myself a 06' Black on Black 330i 6-speed. Premium, Sport, Logic 7, Heated Seats ... The perfect packages IMHO. 75,000kms. I got a smoking deal on the car. Clean title, CPO (Sept 2011 or 160,000km), and paid $25,000 CDN. I put $3,000 down on the car, and paid my $2700 in taxes etc. in cash as well, so I currently only owe $21,500 on the BMW. I always make sure I'm not in upside down in my cars, and it seems like I put myself in a good situation. God I'm long winded ... Sorry ... My question: How long would you keep this car? Do I drive it into the ground for the next 3-4-5-6 years putting 15-20K on it per year, do I keep it until XXX,XXXkm then sell, OR do I just keep it until the CPO is up, then put it for sale? When will I get the most return out of this car, but still be able to keep it for a while to enjoy? I love this car to pieces ... I plan on always buying an 'off lease' BMW ... What a beautiful car! So, opinions? We all know cars depreciate like mad, but when is the BEST time to sell this? It's financed over 5 years, @ $205 bi-weekly, at 7%. Currently owe $21,500. They say you can't afford a car if you can't pay it off in 3 years, but I always prefer 5 years to keep my monthly payments low, and make double / tripple payments on months the money hasn't went to other hobbies or expenses. Discuss! |
01-28-2010, 11:35 PM | #2 |
M Power
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75000kms for 25k? I think you should keep it after you finish paying it off. If you love it keep it, otherwise sell it and by the end of your agreement terms the new 3 series is out.
Just my 2 cents
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01-30-2010, 06:52 AM | #5 |
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Drives: AW 2006 330i Soon to be F80
Join Date: Oct 2009
Location: SS
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Keep it until you pay it off. Then You can change it and buy a new one or just keep it for another 3 years (for a total of 8 years)
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01-30-2010, 08:37 AM | #6 |
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Drive it till it dies. But keep up the maintenance.. always do preventive maintenance. It will cost you the less in the long run.
If you want to spend the less money in the long run. Don't change your car often. Keep it as long as it wants to service you. As long as you take care of her. |
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