I usually buy cars and just drive them till I get sick of them, and in many cases each car i've owned had MORE than 200K on them by the time I got rid of them. I do that because to me I feel like Im getting my moneys worth just so long as the car has not turned into a money pit. But i've noticed when trying to resell BMW's with that many miles on it the seller catches all kinds of grief with receiving extremely low offers even when it has the capability of going to 300K. But then again, nobody wants to buy a 300K car either. So what mileage should somebody target their car to be sold so they can get a decent resale ($$$) price out of the car without being viewed as having TOO MANY MILES.
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| Reply » Mileage: When is it time to sell? |
Well, it depends on the year/make/model, but I'd say that most people looking for a good used car will not tend to consider/buy a car with more than 100k miles, and certainly not more than 150k. There are exceptions to this rule, but if I was going to buy a used BMW, I'd be looking at 75k or under normally. If a car has more than 150k miles on it, you should expect lower offers than what you think the car is worth because the perception is that the car is going to need something major in the way of maintenance sooner if not later.
Obviously, other people have different views.
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Ive never heard of anyone keeping a bmw till 200K
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Quote: | Ive never heard of anyone keeping a bmw till 200K | I have. On our german board, there are a number of cars with over 200k on the odo.
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I'd say if you want to avoid depreciation, either don't buy a new BMW, or sell it when it hits 50k or so. Depreciation seems biggest in the 1st year, and starting around the 5th year. After like 8-9 years, it flattens.
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| Reply » Mileage: When is it time to sell? |
Quote: | Ive never heard of anyone keeping a bmw till 200K | Seriously? I know you've hung around a bunch of BMW boards (roadfly etc.).
I know a few E34 guys who bought their cars new and drove more than 200k miles. I know of a couple E30 guys who did the same thing. It's kind of tough to get examples of E46 owners, because the cars generally aren't old enough.
As for the original question, I've kept all of my cars 4-5 years, but to really conserve $$$ it's best just to drive the thing into the ground and sell the car to the junkyard when you're done.
Just as another data point, I sold my 10 year old E34 with 110k+ miles to the first guy who looked at it. It was gone five days after I first placed a classified ad.
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Mileage: When is it time to sell?