Adventures in depreciation

Kinja'd!!! "Tapas" (tapas)
10/12/2015 at 20:18 • Filed to: None

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I’m at Carmax, trying to find out what’s the lowest, most insulting amount of money I can get for my !!!error: Indecipherable SUB-paragraph formatting!!! (Buy it, Oppos! What are you waiting for?!)

As I was walking in, I heard a grown man yell in genuine surprise. “What the fuck is this?!”, he says, staring at a paper while a CarMaxossiate? CarMaxican? tries to calm him down. (Don’t really know their trademarked term for salesmen).

My CarMaxican looks at my car and explains to me how old and long my car has been driven, so he can hopefully avoid surprising me in the same way. I tell him that I know CarMax will pay me less than the market value because they don’t sell cars older than 10 years directly. And because they want to make money off me, they won’t pay me a whole lot, even if they sold my car directly. In fact, I’d be surprised if they paid me real money.

So I wait for their guys to check my car out and give me an estimate. In the mean time, I took a stroll in their lot and found this:

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A 2012 740Li. All 25 feet of it, for sale at $40k.

This car is already being sold for less half of its retail price 3 years ago. I wonder how much Carmax paid the owner. I wonder if he yelled too.


DISCUSSION (13)


Kinja'd!!! Dr. Zoidberg - RIP Oppo > Tapas
10/12/2015 at 21:32

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Wait 2 more years and it’ll be free


Kinja'd!!! unclevanos (Ovaltine Jenkins) > Tapas
10/12/2015 at 21:35

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The F01 with the N55 inline 6 is the most reliable 7. Really the v8 chugs oil and eats timing chains.


Kinja'd!!! Tapas > Dr. Zoidberg - RIP Oppo
10/12/2015 at 21:46

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Your logic is flawless.


Kinja'd!!! Tapas > unclevanos (Ovaltine Jenkins)
10/12/2015 at 21:47

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I didn’t know that :)


Kinja'd!!! Van Man, rocks the Man Van > Tapas
10/12/2015 at 21:56

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My neighbors have an F01 750i and recently got rid of their X5. I'm not joking when I say I saw service loaners in their driveway more often than their real cars. They still have the 7 and the X5 was replaced by a (seemingly more reliable) X1.


Kinja'd!!! Michael Cohen > Tapas
10/12/2015 at 22:40

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I think that's pretty typical depreciation on German barge.


Kinja'd!!! Tapas > Michael Cohen
10/12/2015 at 23:37

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That maybe true.

But I just imagine myself having $100k one day and having $35k the next.


Kinja'd!!! Michael Cohen > Tapas
10/12/2015 at 23:55

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I think the original buyers of these aren’t worried. I believe the Merc S class depreciates something like 40% in the first year.


Kinja'd!!! Tapas > Michael Cohen
10/13/2015 at 03:09

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Thats scary lol


Kinja'd!!! wiffleballtony > Tapas
10/13/2015 at 11:38

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That BMW is still a CP.


Kinja'd!!! Tapas > wiffleballtony
10/13/2015 at 14:32

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Lol why’s that?


Kinja'd!!! wiffleballtony > Tapas
10/13/2015 at 15:19

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Aside from CarMax’s already high prices (this one is priced about double whats on the CL) you’re basically getting a bland German luxobarge that’s about at the point where things will start to get wonky. If I was going through the hassle of aging BMW ownership I’d at least get an M product.


Kinja'd!!! Tapas > wiffleballtony
10/13/2015 at 15:25

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Fair point.

But double of what I can find on Craigslist? I’d be suuuper suspcious of a 740Li, let alone a 2012 740Li on craigslist for $20k lol