Quote:
Originally Posted by omaralt
not sure where you live; but an M3/4 will definitely depreciate more than 23k in 2.5 years.
and it was actually it great shape.
but you cant look at the dollar amount; but the percentage. and an M3 definitely has a much higher depreciation curve than the porsche. But then again bmw has a lot more incentives and you can easily get 10% off of a new car..
|
My budgeting is done in dollars not percent. So yeah I can and will look at the dollar amount and nothing else for a depreciating asset
Appreciating investments is the opposite, percentage is king.
You have been taken advantage of, $23k is very close to what I’ve seen over 4 years and 40k miles on my M3s. Brush up on your negotiation skills of purchase price and trade-in.