[ScullyD]

Originally Posted by thenewguy

I've been on the fence about taking delivery with mine after reading all of these comments and the fact that this is going to be my ONLY vehicle for personal use (ongoing nightmare with section 179 and bonus depreciation to track mileage so, I just don't do it and want total segregation with vehicles), I don't want to get it and then have it back with the dealer, constantly. Now, however, I'm wondering if I should accept delivery since it's loaded, except for leather interior, and see if resale isn't too bad in the next year or two? It's a much more attractive purchase if I'm not being smacked with a 45% resale hit after 24 months.

Its my only vehicle, i'm at 4500 miles with no issues. Brilliant brilliant car. Would still buy it now if deprecation was 100% since i just don't see anything else that can top it.

[thenewguy]

ScullyD That's a good point that I often forget - resale only hurts when you want to sell it. But, if it continues to work really well; why sell it?

[ScullyD]

Originally Posted by thenewguy

ScullyD That's a good point that I often forget - resale only hurts when you want to sell it. But, if it continues to work really well; why sell it?

I mean at this point, as a human being hauler, it's tough to get better than the iX (as long as it's reliable). It's dead quiet, rides like a pillow, fast, efficient.

It's only a car I'd replace as a daily once the battery can't hold charge. Especially now that I put a L2 in my house, I don't see the point in going back to a gas car.

It does make me want a manic sports car as a 2nd car, just to balance out all the refinement.

[sor]

I think it depends on what you expect from resale as well. Previous years I think it would be reasonable to sell a 3-4 year old car for 55-65% of the new price (roughly residual values), and I'd expect it to go back to that at some point.

Maybe EVs will hold their value and do a little better or maybe they'll be obsoleted quickly and end up in the 40% range after 3-4 years. Really hard to say. I thought for sure my e-tron would tank in value after the Polestar 2 and all the other new crop of EVs came out, but I basically sold it back for MSRP.

It's just not something that is predictable so it's hard to make a decision based on it, but the most likely case is return to normal.

Certainly after 15 years and 200k miles when it needs new brushes and battery it's not going to do well on resale, but most cars need significant work at that point.

[falconey]

Originally Posted by ncatoffice

Most used cars are losing value fast. I think the next couple of years will be brutal. I have been playing around with carvana etc to see my cars’ values, and in the last 15 days, it’s dropped by upwards of 10% on all sites

The problem with carvava and the like is they've had a terrible 12 months in the stock market. I believe this has forced them into offering much less for vehicles as they are not flush with cash or valuation. That will obviously depress the market for selling to a 3rd party, but it doesn't appear they are reducing sale prices to the consumer.

Fyi, within the last 12 months carvana's stock price high was $317, it's 21.45 now.

[sor]

Caravana offered me $62k for my e-tron. Audi dealer took one look and offered $74k. I almost couldn't believe it and had to work at the poker face. I didn't consider that Carvana was struggling, I thought they were just trying to make a tidy profit.

[RR_Bimmers]

Update: we are being made whole. BMW has decided to do the right thing and buy the car back. Thank you all for your encouragement and your understanding.