stektan
Well-Known Member
Hi all,
Am driving a E60 525i which is 6.5 years old now and at 89K mileage. Car is basically ok except for small issues here and there but nothing major. Am faced with the option of;
1. Drive the car for another 1.5 - 2 years before thinking about a new car again.
2. Sell the car and get a newer car. I reckon that my car can probably fetch arount 75K (assume 12.5K depreciation which I think is conservative)
My biggest concern is that if I sell the car in 1.5-2 years time, it will only fetch paper value ($31K) + a little body value since it will definitely hit more than 100K mileage then and will probably have alot of issues.
So question is - does it matter to sell when it's 6.5 years or when it is 8 years or older? Any advice appreciated.
Am driving a E60 525i which is 6.5 years old now and at 89K mileage. Car is basically ok except for small issues here and there but nothing major. Am faced with the option of;
1. Drive the car for another 1.5 - 2 years before thinking about a new car again.
2. Sell the car and get a newer car. I reckon that my car can probably fetch arount 75K (assume 12.5K depreciation which I think is conservative)
My biggest concern is that if I sell the car in 1.5-2 years time, it will only fetch paper value ($31K) + a little body value since it will definitely hit more than 100K mileage then and will probably have alot of issues.
So question is - does it matter to sell when it's 6.5 years or when it is 8 years or older? Any advice appreciated.