Depreciation guide when new model comes out on 5 series
26 May 2003, 09:03 PM
#1
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Hi,
My old man is considering buying a 2002 530 Sport. He is just wondering what the depreciation impact will be when the new 5 series is available or do you think the current model has already taken a hit as everyone knows the new shape is out soon?
Its got a decent spec (comms pack, etc, etc), low mileage for £28,000.
Cheers,
Chinnybloke
[Edited by chinnybloke - 5/26/2003 9:07:03 PM]
My old man is considering buying a 2002 530 Sport. He is just wondering what the depreciation impact will be when the new 5 series is available or do you think the current model has already taken a hit as everyone knows the new shape is out soon?
Its got a decent spec (comms pack, etc, etc), low mileage for £28,000.
Cheers,
Chinnybloke
[Edited by chinnybloke - 5/26/2003 9:07:03 PM]
27 May 2003, 10:37 AM
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is he buying it to keep for a while (5yrs)???
if so, why worry about depreciation it happens!!!
if he only wants it for a year/or two, he should wait a couple of months.
IMHO, of course.....
BB.
if so, why worry about depreciation it happens!!!
if he only wants it for a year/or two, he should wait a couple of months.
IMHO, of course.....
BB.
27 May 2003, 11:06 AM
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I reckon he'll keep it for about 3 years, so hopefully he should be pretty safe.
I'm not so sure about the new one. The new 7 series certainly hasn't grown on me yet so if it is anything like that I reckon he is best with the current model.
Cheers,
Chinnybloke
I'm not so sure about the new one. The new 7 series certainly hasn't grown on me yet so if it is anything like that I reckon he is best with the current model.
Cheers,
Chinnybloke
27 May 2003, 11:34 AM
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Although people are divided on the way the new 5 looks, all the reviews point to it being a really good car.
Theerfore the old 5 is likely to take a hit very soon.
I made this mistake when I got a second had E36 coupe.
If he can hold off then he should be able to pick up a bargain. There are also likely to be lots of old 5 owners trading up for new 5s, so will flood the market.
Theerfore the old 5 is likely to take a hit very soon.
I made this mistake when I got a second had E36 coupe.
If he can hold off then he should be able to pick up a bargain. There are also likely to be lots of old 5 owners trading up for new 5s, so will flood the market.
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