[Sled2105]

Potential first time BMW owner here! I've been looking for more power and comfort than my MX-5 and MAZDA3 can provide and the m240i is catching my eye. I went and test drove a 2023 M340i to feel and hear the B58 and man that thing was amazing! I put in a build for the m240i to at least get my foot in the door so I can make a final decision in the meantime. What're your thoughts on new m240i depreciation in the current market? It churns my stomach to think that I could pay 54k MSRP for a car to be worth 30k in 2 years. It would be my one and only car in the garage for a single 29 yr old homeowner. Thoughts?

[bobkat09]

I just checked my 2023 M240’s value on several different sites. And after 6 months of ownership it’s worth a little bit more than what I paid.

[viperx100]

The truth of the matter is, that no one knows with utmost certainty right now. The used car market is still a mess, what with chip shortages and all. For example, I bought my 2019 C43 AMG coupe with 1500 miles on it and sold it 3 years later for the same exact amount that I paid for it and it had 31500 miles on it at the time.
KBB value and Fair Market Value right now for used cars are far from equal. When the market stabilizes again, the depreciation will return to normal, but who can say how soon that'll happen... I suppose there might also be something to consider with coupes going out of style and EVs slowly taking over, so perhaps G42s will be something of a rarity (depending on their numbers sold).

[OriginalFake]

Originally Posted by bobkat09

I just checked my 2023 M240’s value on several different sites. And after 6 months of ownership it’s worth a little bit more than what I paid.

Which sites? KBB didn't like my VIN.

[CarsAndGuitars]

Originally Posted by OriginalFake

Which sites? KBB didn't like my VIN.

KBB is generally a dartboard because it does not back up the estimate with an offer. CarMax or the others that will actually buy your car are a better measure of the market.

And as was said above, the future used market is difficult if not impossible to predict. So get the car you want, or don't.

[DrJLag420]

Just checked mine on KBB:

2022 M240i xDrive, 12k miles, base, AW (only have digital cockpit pro and universal garage door opener)

Paid $52,700 March 10th, 2022 OTD. 60 months @ 1.99%

Offered $47,400 today

[azuki]

you're not buying an entry luxury sports coupe as investment.

[maggies_dad]

just like any other car look at used/CPO models to gauge the market

[LivingInSalt]

Originally Posted by Sled2105

It churns my stomach to think that I could pay 54k MSRP for a car to be worth 30k in 2 years. It would be my one and only car in the garage for a single 29 yr old homeowner.

Sounds like you should just wait one more year and buy a 2022 model for $33,000 then

[G42UPRA]

Hey! I'm upgrading from a Mazda 3 as well!

The car sells brand new for $50-60k and if you shop around autotrader, the 2022's are generally being sold around $48-55k.

Personally, I think this car is going to hold its value pretty well given how uncommon they are. Part of the reason I opted for the high performance package was to make the car even more rare (in addition to the cooling benefits if I ever track it and the better looking wheels).

[KJ10]

If you are worried about depreciation never buy a new BMW.

[Rdurty2]

Originally Posted by KJ10

If you are worried about depreciation never buy a new BMW.

If you are worried about depreciation don’t buy the majority of cars available.

[KJ10]

Originally Posted by Rdurty2

If you are worried about depreciation don’t buy the majority of cars available.

Very true. It’s well known luxury brands depreciate at a much faster pace is all I was saying.

[viperx100]

Originally Posted by KJ10

Very true. It’s well known luxury brands depreciate at a much faster pace is all I was saying.

100% right. However, these days with the used car market acting a fool, and dealerships rarely giving MSRP discounts and doing markups for new cars at times, it's all upside down. At the end of the day, I'd never buy a car that I couldn't afford comfortably and/or spend my time worrying about its depreciation.

[KJ10]

Originally Posted by viperx100

100% right. However, these days with the used car market acting a fool, and dealerships rarely giving MSRP discounts and doing markups for new cars at times, it's all upside down. At the end of the day, I'd never buy a car that I couldn't afford comfortably and/or spend my time worrying about its depreciation.

The new and used market is slowly coming back to reality and everyone buying should be aware of that. This time last year the ford dealer near me was asking 10k market adjustment for all new broncos and moving them. They have 6 new on the lot with no adjustments right now that have been sitting for weeks. Used values are dropping as well, almost any new car you buy today you will be losing a good chunk of change on immediately. But like you said worrying about depreciation takes the fun out of enjoying the car. It’s not an investment.

[RockCrusher]

Originally Posted by Sled2105

Potential first time BMW owner here! I've been looking for more power and comfort than my MX-5 and MAZDA3 can provide and the m240i is catching my eye. I went and test drove a 2023 M340i to feel and hear the B58 and man that thing was amazing! I put in a build for the m240i to at least get my foot in the door so I can make a final decision in the meantime. What're your thoughts on new m240i depreciation in the current market? It churns my stomach to think that I could pay 54k MSRP for a car to be worth 30k in 2 years. It would be my one and only car in the garage for a single 29 yr old homeowner. Thoughts?

Current used car (and new car) market is skewed with used and new car prices up.

But things are returning to normal.

BC (before COVID...) general new car depreciation was 10% the moment the car was driven off the lot.

And 10% of of what the *dealer* paid for the car not what the customer paid for the car.

And then every year when the next year's models rolled out that was another 10% drop.

Now after a few years the 10% per year drop could slow down if the car proves to be popular used.

The flip side is the 10% per year drop could stay the same or even speed up if the car proves to be unpopular.

One must realize that a new car is a depreciating asset. The vast majority of car owners will experience deprecation of their new car when they go to sell it.

In fact depreciation is the biggest expense of new car ownership.

All you can do to keep depreciation to a minimum is avoid paying too much for a car. That is strike the best deal you can. Take care of the car. Leave it stock. Avoid accidents.

Then when the time comes to sell the car it will bring a price at the top end of the market so. Probably. To some extent it depends upon the economy.

[Jonesymx29]

Originally Posted by Sled2105

Potential first time BMW owner here! I've been looking for more power and comfort than my MX-5 and MAZDA3 can provide and the m240i is catching my eye. I went and test drove a 2023 M340i to feel and hear the B58 and man that thing was amazing! I put in a build for the m240i to at least get my foot in the door so I can make a final decision in the meantime. What're your thoughts on new m240i depreciation in the current market? It churns my stomach to think that I could pay 54k MSRP for a car to be worth 30k in 2 years. It would be my one and only car in the garage for a single 29 yr old homeowner. Thoughts?

Honestly, I think these will somewhat hold their value over time. I don't mean "future classic" status by any means, but I do think the G42 is a unique offering in a world hell-bent on the electric-powered future. Every car depreciates but, I can't see these cars going for 30k in 2 years, especially the trimmed out versions.

[MPR]

If you're worried about top dollar resale why not just lease instead of buy?

I'm estimating that I'll be at around 80K miles at 5 years at which time I'll likely either sell or trade in for something else (possibly another M240 or M3). I could be totally off here, but I'm assuming the car would be worth $15K-$20K at the time, in excellent condition as I baby the car and it's garage kept.

[G42UPRA]

Originally Posted by MPR

I could be totally off here, but I'm assuming the car would be worth $15K-$20K at the time, in excellent condition as I baby the car and it's garage kept.

$15-20k seems very low IMO.

I see 2017/2018 M240i's currently listed for ~$30k with 70k+ miles. The G42's will certainly be worth more than that given inflation, the shift toward electric, and the performance it offers.

[MPR]

Originally Posted by meshuggah

$15-20k seems very low IMO.

I see 2017/2018 M240i's currently listed for ~$30k with 70k+ miles. The G42's will certainly be worth more than that given inflation, the shift toward electric, and the performance it offers.

Even better

[donnyfontaine]

Originally Posted by LivingInSalt

Sounds like you should just wait one more year and buy a 2022 model for $33,000 then

*checks value of my '22 with 6k miles

"well ok so that's what i paid"

[Dinosoar]

Originally Posted by Rdurty2

If you are worried about depreciation don’t buy the majority of cars available.

Exactly...maybe get a 2023 Shelby G500 with whatever package, and don't drive it. Then, you end up keeping most of your value.

I agree with the other post that says get a used BMW, but for now, that won't work either.

Last advice, life's short. If want it, get it. If it's too gut wrenching, lots of 5-year-old Accords out there.