So I bought a CPO 2021 BMW 530e in February with 17k miles and had it since. I don’t drive much, only put 4k miles on it since, and paid about $47K (which seemed like a good deal at the time) and put $5k down. I also did a 72 month lease, and definitely don’t think I’ll want the car another 5 years.
I’m worried the car market will keep tanking and got an offer for essentially my exact Loan amount of $37.6K from vroom, so essentially I’ll paid off the loan, but have technically spent $5k plus 7 payments ($10kish) to own this car for 8-9 month which seems stupid, but again, maybe better to sell now then potentially lose more later?
Let me know your thoughts, would greatly appreciate it.
Supply and demand is always a tricky thing to predict. It will depreciate less as it ages. Will the market exasperate that? Maybe. But maybe used prices will rise? I do think the EV market will impact everything. I look forward to a 330i in full electric. A Tesla model 3 crusher. Sign me up!! Meanwhile I would keep it and enjoy the car unless you sell it for a cheaper, lower cost of ownership vehicle.