Quote Originally Posted by GRADS View Post
In 2008 we bought a brand new BMW 750LI for right around 90K. We tried to trade it in 9 months later with only 8,000 miles on it and the dealership was only willing to give us 58K. I was pissed. I asked them to explain to me how my car dropped 32K in value in only 9 months.
I hated when someone wanted to trade in their car less than a few years old, they never could fathom the fact their car was so devalued in such a short period of time. The 750's were one of the worst.....the market for used ones was soft unless it was priced low enough. I'd guess you got a pretty good discount on the car new....I know we had $10k or more in factory incentive on them regularly.
Or look at it this way, if you were wanting to buy a used one would you pay close to what a new one would cost you?