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.

  • madpistol@alien.topBEnglish
    1·
    1 year ago

    You buy a BMW because you want a BMW. If you’re worried about resell value, you’re doing it wrong. There are many cars out there that will hold their value better than a BMW. If that is your primary concern, get rid of it and buy a Lexus ES or something that will hold its value better.