You said in a later post that you are "looking at this the wrong way"....and you absolutely are if your number 1 concern is how much you will be able to sell the car for in 1 years time.hi folks.
I just reserved a black FK8 type R GT with 3700 miles on it, for £31k, registered in 2017.
I am now getting cold feet, having realised the depreciation hit on the car after 1 year, and thinking of getting my £500 deposit refunded.
So my question is this.
How much do you think i would be able to sell the car for in 1 years time, with say, 15k miles on the clock?
I think if i'm going to lose more than £5k on the car i'm going to forget it, and buy a used M240i.
You are considering buying a used car which has depreciated already, although as others have said the car is overpriced at 31k.
You don't say what reg it is...but if its a 17 which will have originally been a demonstrator it is even more overpriced.
To give you an idea of depreciation....I bought my car in September 2017 and it has currently covered 2700 miles, but the trade in value right now will be at absolute best 28k....although most dealers would need to be pushed hard to offer this.
I never bought this car thinking about how much money I would lose during my period of ownership....I bought it purely with my heart.
Last edited by a moderator: