G37 Coupe

ipl ultra fast depreciation

Thread Tools
 
Search this Thread
 
Old Sep 20, 2013 | 04:06 AM
  #1  
jusrushem's Avatar
jusrushem
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 72
Likes: 0
ipl ultra fast depreciation

Unreal. I appraised my 2013 ipl, & they would give me only 34g's for my ride. 2200 miles, & 4 months old. Unreal
Reply
Old Sep 20, 2013 | 07:41 AM
  #2  
ANMVQ's Avatar
ANMVQ
Registered Member
iTrader: (13)
 
Joined: Dec 2009
Posts: 6,098
Likes: 396
From: Framingham Ma,
Thats 10 more than I can get for my 11G37XCoupe with 18000 miles. About right :/
Reply
Old Sep 20, 2013 | 08:47 AM
  #3  
socketz67's Avatar
socketz67
Administrator
10 Year Member
Community Builder
Liked
Community Favorite
 
Joined: Aug 2012
Posts: 3,001
Likes: 592
From: San Diego, CA
I think now is just a bad time to be trading in a late model/almost brand new G37 coupe or sedan. I would hold out for a year or two and enjoy your coupe.

You can definitely get more than 24K on the street ANMVQ. I think their lowball offer is a polite way for them to say they do not want your trade. Take on a look on Autotrader. 2011 Coupes with low miles are going for more than 24k.

Again, with the Q release and the repricing of all the existing sedans, it's a bad time to be trading in a 2010-2013 Coupe or Sedan.
Reply
Old Sep 20, 2013 | 11:53 AM
  #4  
rmfnla's Avatar
rmfnla
Registered User
 
Joined: Jul 2013
Posts: 626
Likes: 25
From: L.A. (We love it!)
Originally Posted by jusrushem
Unreal. I appraised my 2013 ipl, & they would give me only 34g's for my ride. 2200 miles, & 4 months old. Unreal

Four months is the sweet spot for maximum depreciation; you know, that big hit you take when you first drive it off the lot.

Give it a year or so for the equity (inherent value) to catch up...
Reply
Old Sep 20, 2013 | 05:29 PM
  #5  
jusrushem's Avatar
jusrushem
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 72
Likes: 0
so true. i was just curious. This was a BIG investment for me. 62+g's. thanks guys for the input
Reply
Old Sep 20, 2013 | 05:35 PM
  #6  
rmfnla's Avatar
rmfnla
Registered User
 
Joined: Jul 2013
Posts: 626
Likes: 25
From: L.A. (We love it!)
Originally Posted by jusrushem
Unreal. I appraised my 2013 ipl, & they would give me only 34g's for my ride. 2200 miles, & 4 months old. Unreal
Who is "they"?

If you went to dealer they of course low-balled you; they want to make a profit.

Check the various car resale sites online to get a more realistic idea of what your car is worth...
Reply
Old Sep 20, 2013 | 05:35 PM
  #7  
therustytrombon's Avatar
therustytrombon
Registered User
iTrader: (1)
 
Joined: Oct 2012
Posts: 33
Likes: 0
Originally Posted by jusrushem
so true. i was just curious. This was a BIG investment for me. 62+g's. thanks guys for the input
investment?
Reply
Old Sep 20, 2013 | 05:43 PM
  #8  
rmfnla's Avatar
rmfnla
Registered User
 
Joined: Jul 2013
Posts: 626
Likes: 25
From: L.A. (We love it!)
Originally Posted by therustytrombon
investment?

It all depends on the return he's looking for...
Reply
Old Sep 20, 2013 | 06:21 PM
  #9  
quakerroatmeal's Avatar
quakerroatmeal
Registered Member
iTrader: (3)
 
Joined: Jul 2012
Posts: 1,336
Likes: 98
From: Dallas, TX
Originally Posted by rmfnla
It all depends on the return he's looking for...
What return is he looking for it to depend? Bottom line is this is not an investment.
Reply
Old Sep 20, 2013 | 06:51 PM
  #10  
IPL 370GT's Avatar
IPL 370GT
Registered User
iTrader: (22)
 
Joined: Aug 2012
Posts: 1,108
Likes: 110
From: Charlotte NC
The depreciation on G37's is awful. The IPL is even worse... I felt the pain. Fortunately the cost of preowned E92 M3's is going up, up, up even a recent article about it.

Last edited by IPL 370GT; Sep 20, 2013 at 09:12 PM.
Reply
Old Sep 23, 2013 | 02:01 AM
  #11  
keraxis's Avatar
keraxis
Registered User
 
Joined: Jan 2013
Posts: 552
Likes: 25
From: Herndon, VA
5 years 50%

5 years 50% is considered really good. Not all cars follow this.. look at the 07 bmw 335i. Fuel pump issues cause people to scramble to get out of them before their warranty was up. So a 3 year old one could have been had for about 26k. You also have a last year model run g. next model coming out. Hope you got a good deal because of this.
Reply
Old Sep 23, 2013 | 10:19 AM
  #12  
socketz67's Avatar
socketz67
Administrator
10 Year Member
Community Builder
Liked
Community Favorite
 
Joined: Aug 2012
Posts: 3,001
Likes: 592
From: San Diego, CA
I looked at the 335i as a potential replacement for my last G and could not get over how poor the resale is on these cars once they are outside of a warranty period. You can pickup an 07 335 is almost perfect condition for a song.

This is where the Japanese shine; Yes, they are not always the ultimate driving machine, but at 100k, you are still driving them and not even thinking twice about reliability.

On the Used Car side, reliability is really everything for many people. That's why you see so many parents buying used 80K+ mile Civics, Corrolas, Sentras, etc. for their kids to schlep back and forth to school in.
Reply
Old Sep 23, 2013 | 10:23 AM
  #13  
Tazicon's Avatar
Tazicon
Registered User
iTrader: (1)
 
Joined: Jul 2011
Posts: 1,955
Likes: 24
From: Vegas Baby!
Originally Posted by jusrushem
Unreal. I appraised my 2013 ipl, & they would give me only 34g's for my ride. 2200 miles, & 4 months old. Unreal

I got more than that for my 2011 IPL with 15k miles trading it in. Not much mind you but, but for yours being 2 years newer and so few miles you should be able to get more.
Reply
Old Sep 23, 2013 | 10:23 AM
  #14  
G37jeff's Avatar
G37jeff
Registered User
 
Joined: Jun 2013
Posts: 56
Likes: 2
From: Long Island
I test drove a 335 like the fit and finish but long term maintenance went with the G glad I did. $300 for an oil change "aint no body got time for that!"
Reply
Old Sep 23, 2013 | 10:27 AM
  #15  
socketz67's Avatar
socketz67
Administrator
10 Year Member
Community Builder
Liked
Community Favorite
 
Joined: Aug 2012
Posts: 3,001
Likes: 592
From: San Diego, CA
The IPL was priced pretty aggressively to start (specialty model with a limited audience), so I don't think it's a good indicator of the overall resale value of our cars.

Take a look at say a 2003-04 coupe with under 60k miles on Autotrader. Folks are still getting 20k for these cars.
Reply



All times are GMT -4. The time now is 08:01 AM.