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10-10-2008, 12:12 PM | #23 | |
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135i, SGM, Coral, Sport Package, Auto, Premium Hifi, USB/ipod, Apex EC-7s, PPK Stage II
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10-10-2008, 01:36 PM | #24 | |
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10-10-2008, 02:18 PM | #25 |
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Your 1 series has lost a staggering amount of value in the past 2 months. It would be better to light it on fire and claim the insurance than try and sell it or trade it in.
On the other hand everyone else's car has also lost a ridiculous value recently. If you have ready cash you can set your own terms at a dealer or private party. If you are having trouble paying for 1 series I suggest the lighting it on fire route. If you just want some thing better than wait till a few months and pick up someone's toy who just lost their job and is totally screwed. But get rid of that 1 series ASAP. It will do nothing but depreciate. And fast. |
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10-10-2008, 03:04 PM | #26 | ||
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An engine from a Z06 Corvette. A differential from a Vespa. Damn Quote:
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10-10-2008, 04:06 PM | #27 |
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10-10-2008, 04:08 PM | #28 | |
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I got 3 interested parties out of that site, one who bought my ZHP. Also consider www.bimmerforums.com and www.roadfly.com. Generally speaking, you cannot use too many internet sites, they mostly only require a few minutes to post (provided you have the canned text and pics ready).
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10-10-2008, 04:17 PM | #29 |
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I've been running all sorts of scenarios that would put me into an M3 - my problem is the lease ends in May of next year. Especially with deals flying around these days of $2k under invoice... only problem is, dealers mostly have loaded cars and invoice on a $65k car is still pretty high.
After todays announcement of the MF for 2008 M3 sedans - 0.00025!!! - if I didn't have my 335, I'd jump into that in a heartbeat. So unless something truly staggering happens in the next 3-4 months, I'll keep my lease and work my way towards a 2009 135i summer Euro Delivery, as per the original plan. I think deals will still be good in spring, I doubt demand will miraculously bounce back in 4-5 months.
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10-10-2008, 04:34 PM | #30 | |
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10-10-2008, 05:02 PM | #31 | |
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10-11-2008, 03:19 PM | #32 |
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what is interesting is that my guess on the demographics for the 1 series and 135 in particular is weighted towards younger buyers that may have had to stretch a little to buy the car (been there myself 10 years ago). This is a disasterous formula given the economic scenario. Many of these folks may not have the resources to weather the storm, and as a result, I wouldn't be surprised to see a bunch of late model 1 series up for sale sooner than usual. Again, not stereotyping ALL 1 series buyers, but if the forum participation metrics are at all representative, many may choose to cut back the "luxury" of a 1 series over paying the mortgage and putting food on the table.
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10-11-2008, 08:01 PM | #33 | |
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I agree with that observation entirely. Personally I was considering buying something more expensive, (Z06 or GTR maybe) and thought better of it several months ago, considering that a large portion of my business is tied to the auto industry. I can make payments on the 135i for many more months with my savings than I could on the more expensive choices. I'm betting that there are a lot of people out there who did stretch a little and will have to give up their toys over the next year or so. |
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10-11-2008, 08:32 PM | #34 | |
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10-11-2008, 11:28 PM | #35 |
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cash is king now. even if I have spare cash and there is a sweet deal on a car I would not take it. look at the stock market, there are some huge opportunities out there if time horizon is 5-10 years. I guess I am finally turning older now that I would rather enjoy later than now.
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10-12-2008, 12:30 AM | #36 | |
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I agree with you robert, the wife wants a new car, but I told her the 1 will probably be our last brand new car for a while because it is just cheaper to get a cert. used that is just a couple years old. Also, we will be maxing our retirement for the next couple years just to take advantage of the situation. We are in our early-mid twenties and we might not see another opportunity like this while we still have a good enough time horizon to capitalize on it. In times like thes you could change your retirement date by as much as a decade, or you could make the difference of buying a second home for your retirement, or a plane, helicopter, etc. There are just too many oportunities out there to pass up. Yeah you could save a couple thousand on a new car, but think what that money could be in 5 years (or in our case 20). Her vehicle is running good and gets great mileage (98 civic). Plus while I am deployed she will be driving a 135 so why have two new cars and only one driver. But, if you don't want to invest right now (it is still a volatile market), by all means save some money on a car. But in time like these the needs should really be evaluated against the wants.
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10-12-2008, 09:27 PM | #37 |
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I think the next few years are going to be interesting. First, companies with smaller volumes will likely do better- less internal costs and credit needs. Second, buying will give better deals than leasing. Third, I think the higher end, the M5's and 7's will drop dramatically in volume, as no one can afford payment and leasing will change dramatically. Leasing was a fool's gold game anyway. REading the comments of a lot of posters, you get the impression many are into cars that they could never afford without subsidized leasing. I suspect that BMW will do fine over time, as they have always had very well built cars that are efficient. I think the X5, X6 lines are in real trouble without a diesel/hybrid drivetrain ASAP. I got out of a Honda Civic Hybrid this summer- I drive a LOT and need an economic and comfortable car. The Honda's economy was ok, but it was so anemic it was dangerous to merge onto highways and the seats absolutely suck! I bought a 128 and have gotten fuel economy within 15% of the hybrid and lot more comfort and fun. I suspect BMW will bring a hatchback 1 and a small electric or gas/electric car to US market soon, as they have a great opportunity as the big boys founder. Everyone is hurting, but BMW makes a smaller number of cars and can cut back quicker and with less pain. And they already make a "luxury" compact.:thumbup:
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10-12-2008, 10:49 PM | #38 | |
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10-13-2008, 07:02 AM | #39 | |
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10-13-2008, 07:58 AM | #40 |
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One final thought, I bought a CPO'd 2001 M3 convert in 2003 for 40K with 4K miles on it loaded. The car was from Houston and was an Enron repo. The car was flawless and gave me four years of fun, traded into the 128 with that car and got a nice trade. The market always will correct, and you might find some incredible deals out there in next 12-18 months in the CPO column. Keep the faith.
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