Buying new car

Joewasherein2019

I’m looking to go from an Audi RS5 to an BMW X5 approx 22k on clock main reason is we’re expecting our first child.

Buying a car that is more family friendly...

However my question is: buying a car that is 2016 rather than 2018 am I right to think the depreciation or the majority of it has gone? Someone else has had the majority of it.

I’m using cash to buy the car not finance.

Your views are greatly appreciated.

motorguy

The rule of thumb i use is 50% depreciation every three years, so yes buying an older and thus cheaper car would mean less deprecation.

My strong advice would be to pay a bit extra and get an Approved Used car so that you get the extended and extendable BMW warranty.

motorguy

Also, your RS5.

Your local friendly BMW dealer wont want that car so will be looking to have it underwritten and trade it on. That wont necessarily be the best price for you.

I'd be ringing round specialists within a 50 mile radius who resell cars like that and seeing if they will bid on it.

motorguy

And finally, if you hadnt otherwise planning on changing your RS5 right now, i wouldnt be knee jerking in to changing it for something more "family friendly". Plenty of room in an RS5.

Joewasherein2019

Thanks so much for the quick replies especially on a bank holiday.

The car is going but I’m not P/X as I’m aware the value will be significantly lower due to dealer needing to make profit on resale.

Main reason for getting rid: It’s been targeted twice late at night over the course of a year. So the timing is right for it to go.

I will be taking an BMW extended warranty on the car.

I don’t swap my cars every few years I see them as depreciating assets. So my idea is to take an BMW extended warranty for as long as possible then once I can no longer qualify for an extended manufacturer warranty go to someone like warranty wise after etc.

I plan on keeping car 7+ years.

Mutton_Geoff

Joewasherein2019 wrote: »

I’m looking to go from an Audi RS5 to an BMW X5 approx 22k on clock main reason is we’re expecting our first child.

Buying a car that is more family friendly...

However my question is: buying a car that is 2016 rather than 2018 am I right to think the depreciation or the majority of it has gone? Someone else has had the majority of it.

I’m using cash to buy the car not finance.

Your views are greatly appreciated.

Selling a year old RS5 you may take a hit although I sold my S4 last year when it was a year old. I'd bought it from an Audi dealer 6 months earlier and my net loss over 6 months was less than £1,000. The main reason, all the other S4s were still in the main dealer network so although I sold mine privately, it was still covered by 2 more years of Audi warranty. I'd bought at a keen price and sold in the summer via an Autotrader ad. I had several calls and the car was bought by an independant dealer specialising in high performance German stuff.


Don't be afraid to sell privately, but take a lot of care in how you receive payment. You don't need to pitch it too far under main dealer prices since it will still have the approved warranty.


I'm not sure why you think an X5 is more "family friendly" though. The RS5 is a huge car. My parents had a Mark 1 Cortina that fitted Mum, Dad and 4 kids on plenty of holidays. The current vogue for huge 4x4s is hard to understand. These cars have huge running costs.

Joewasherein2019

Thanks for all the comments.

Much appreciated.

motorguy

Joewasherein2019 wrote: »

Thanks so much for the quick replies especially on a bank holiday.

The car is going but I’m not P/X as I’m aware the value will be significantly lower due to dealer needing to make profit on resale.

Main reason for getting rid: It’s been targeted twice late at night over the course of a year. So the timing is right for it to go.

I will be taking an BMW extended warranty on the car.

I don’t swap my cars every few years I see them as depreciating assets. So my idea is to take an BMW extended warranty for as long as possible then once I can no longer qualify for an extended manufacturer warranty go to someone like warranty wise after etc.

I plan on keeping car 7+ years.

Totally wise in what you're proposing there. :beer:

motorguy

Mutton_Geoff wrote: »

The current vogue for huge 4x4s is hard to understand. These cars have huge running costs.

I cant see an X5 being harder to run than an RS5?

If its a diesel variant it should do 30ish MPG which has got to be better than an RS5.

Tyres arent cheap but neither are tyres for an RS5.

Servicing is probably cheaper on an X5 too.

Joewasherein2019

It’s more family friendly than a 2 door RS5.

motorguy

Joewasherein2019 wrote: »

It’s more family friendly than a 2 door RS5.

Yes, i would take your point on that.

I loved my X5 when i had it.