Thread: Depreciation
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      11-01-2019, 09:43 AM   #3
Opie55
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Drives: '15 650i Convertible
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Several reasons. It is a car with limited demand under the best of circumstances. They may be pretty, but they are not very practical. The GC is the most practical, but that isn't why people buy them. So the percentage of people who would ever buy one is petty small. Then there is the expense of owning one. Most people who can afford a new one won't own it out of warranty, or they just want to move on to something new. So let's say new it cost $100,000, but only depreciated to $70,000 instead of $30k. Who is the person who can afford a $70k car that would buy a used one without a warranty? Pretty much nobody. The person with $70k to spend will buy a new car. So there is no demand for a used 6 in that range. So the price drops to whatever point creates demand.

Last edited by Opie55; 11-01-2019 at 12:20 PM..
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