[incantana]

I bought my e90 about 3 weeks ago so obviously i paid pretty close attention to the value of the car stated by multiple sources including KBB.

Well the value of my car today according to KBB is definitely $1200 more than it was just 3 weeks ago when i purchased the vehicle.

The value of used cars is increasing due to the cash for clunkers program (sigh) and inflation (sighhhhhhh).

Yay

[JayKay335i]

It increased because people are buying more used cars.

[Cuba]

and you have a 330i which makes it retain value longer since that car is somewhat rare, it was only produced for one year

[Syndicategt]

Originally Posted by JayKay335i

It increased because people are buying more used cars.

Yep! Also a great time to buy a X5M or ML63

[IancoleTX]

Inflation, possibly. Cash for clunkers, probably not.

[incantana]

Originally Posted by IancoleTX

Inflation, possibly. Cash for clunkers, probably not.

I dont know how much of an impact cash for clunkers had on the used car market but from an economic standpoint it MUST have had an impact of some kind.

Here is why:

Cash for clunkers eliminated a portion of the used cars in the market effectively reducing supply.

The poor economy has increased the demand for used cars.

Supply and demand determine price.

Now, it could be proposed that someone in the market for an e90 would not be affected by the elimination of cars of lesser value, however, such an assumption would be incorrect.

If someone would have bought a car that was worth 1000 but the supply has decreased, that car will now be worth a little more...maybe 1200. The person who was wanting to buy what use to be a 1200 car will now have to spend 1500 to get the same vehicle....this pattern will work its way all the way through the range of car values. Its a sliding scale.

Sorry if that was a poor explanation but in some manner cash for clunkers eliminated supply thus increasing price.
Simple economics.

[Bimmer84]

in before CSB...

[incantana]

Originally Posted by Bimmer84

in before CSB...

What is CSB? sorry, im a noob to this forum.

[Bimmer84]

Originally Posted by incantana

What is CSB? sorry, im a noob to this forum.

Oh, lol. It means Cool Story Bro.. I was expecting someone to say it any minute... Quite common on this forum, myself included sometimes.

[Never-Enough]

KBB is never accurate

[incantana]

Originally Posted by Never-Enough

KBB is never accurate

I agree, KBB is not accurate BUT it is consistent. Even if the value is off, it shows that there was an increase in value.

Whether the value is as stated is up for debate.

Things are only worth what someone will pay for them.

[JayKay335i]

Youre cars really worth 5k less today than when you bought it. face it.

[incantana]

5k less in 3 weeks?

damnit you're right. lol

[Jeff@TopGearSolutions]

Unfortunately what KBB says about your value doesnt hold water in the real world when you look to sell it

[rallyegolf]

Originally Posted by Jeff@topgearsolutions

Unfortunately what KBB says about your value doesnt hold water in the real world when you look to sell it

I agree. It is only worth what someone is willing to pay for it. I just picked up my wagon for well under KBB because it was on the market so long and every other one was priced low also.

[07E92TT]

I bought my 08 335i w/ 40k miles 8 months ago for $26.9k, I traded it in a week ago with 54k miles and got $25.9k for it. Works for me!

[Kolyan2k]

nada is more accurate. kbb sucks

[Kolyan2k]

Originally Posted by 07E92TT

I bought my 08 335i w/ 40k miles 8 months ago for $26.9k, I traded it in a week ago with 54k miles and got $25.9k for it. Works for me!

when you trade-in high, price is marked up on the car you buy.....

[bulldog_yyc]

Originally Posted by Jeff@topgearsolutions

Unfortunately what KBB says about your value doesnt hold water in the real world when you look to sell it

this

[07E92TT]

Originally Posted by Kolyan2k

when you trade-in high, price is marked up on the car you buy.....

I'm aware of this concept however I paid less than KBB TRADE-IN value for the car I purchased ($2500 off their asking price). I guess they also overlooked the accident I had with the 335 because they didn't mention it.

[Kolyan2k]

Originally Posted by 07E92TT

I'm aware of this concept however I paid less than KBB TRADE-IN value for the car I purchased ($2500 off their asking price). I guess they also overlooked the accident I had with the 335 because they didn't mention it.

sounds really weird..... cant imagine why dealer would take a loss. e90 w/54k for $26k is alot even for private party. I just sold my CPO e92 w/47k miles (fully loaded) for 25,850....many dealers wanted to give me 20-22k for it. One gave me a bit less then 26k, but had to pay asking price on purchase

[07E92TT]

Originally Posted by Kolyan2k

sounds really weird..... cant imagine why dealer would take a loss. e90 w/54k for $26k is alot even for private party. I just sold my CPO e92 w/47k miles (fully loaded) for 25,850....many dealers wanted to give me 20-22k for it. One gave me a bit less then 26k, but had to pay asking price on purchase

tell me about it, I went in "just to look" at a C63 they had and when they came back with that figure for my BMW (after some haggling) I thought why the hell not since I was getting such a good deal on both. Here's the link to my car they're trying to sell. They're out of their minds if they think they're going to get that for a 335i with no warranty. Not to mention the tires were BALD.http://greenwayford.com/used/BMW/200...87d9e951b6.htm