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Old 25.01.2015, 10:02
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New car vs used car

Well it's time for a new car and the BMW X5 has been decided upon, but here is where it gets complicated. Between my company discount and the BMW Euro discount we will save 30% on a new car. (I have also looked at German prices and they would be slightly more with additional hassle) Generally I would have gone for a used car, but those prices seem not to have moved , so I am wondering what people think from a 'value for money' perspective. Also, do people think that used prices will fall in line with the fall in new car prices? Just as an example, a brand new X5 40d will cost me CHF10K more than a similar spec 2 year old previous generation with 20k km on the clock.
Thanks for all the feedback
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Old 25.01.2015, 10:20
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Re: New car vs used car

I'm guessing the used X5 you're talking about is the older e70 second generation (2006 -2013), in which case I would say definitely get the new car. The improvements in the F15 over the E70 are considerable. Generally speaking though if you've got a 30% discount to play with, that would trump most 2 year old used car prices like for like.
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Old 25.01.2015, 10:39
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Re: New car vs used car

That 30% discount might not be 30% by the time the car is delivered and the market corrects itself.

It will take 3-6 months for new prices to fall - if they do. So if you can wait a little while buy new later in the year.
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Old 25.01.2015, 12:26
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Re: New car vs used car

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That 30% discount might not be 30% by the time the car is delivered and the market corrects itself.
Thanks Ken. Can you clarify, please? We have a firm offer from BMW that includes a 16% Euro discount (This even appears on their homepage) and my 14% company discount. The car will take 4 months to deliver and within that time they said the price would not change, unless the VAT rate changed.

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It will take 3-6 months for new prices to fall - if they do. So if you can wait a little while buy new later in the year.
Again, BMW has the discount already posted on their homepage, as does Mercedes. Do you expect prices to fall further? The BMW salesman told me that while I qualify for a 30% discount, anyone off the street would qualify for a 23% discount. (16% Euro and 7% dealer discount)
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Old 25.01.2015, 17:20
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Re: New car vs used car

Bumping this, so I can get more feedback. Perhaps I should have asked about a 'good salary' in Switzerland to keep this going!
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Old 25.01.2015, 17:26
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Re: New car vs used car

I read that the coop is not making the same mistake as they did in 2011 when they waited too long to cut prices. They are cutting them now. It seems BMW and Mercedes are not waiting either.

If the euro falls further there might be more discount but I don't expect that to be huge.
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Old 25.01.2015, 18:10
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Re: New car vs used car

Looking at the above, the price of a new X5 has just dropped 23%, that's a 16% Euro discount and a 7% dealer discount. (Maybe the dealer discount was always there anyway?).

Therefore the OP's actual discount is only 7% compared to Joe Public.

The second hand forecourt prices have not dropped as yet, hence the narrowness of the first comparison, 10k difference over two years. They will drop, but given the ridiculous secondhand asking prices in general for cars here, they will drag their feet.
Maybe the BMW dealers won't drop them for a while hoping to promote new car sales? Or immediately offer a discount if anyone shows any interest, but keep the sticker price the same?

If you want the new X5 and can afford it, get it, but the depreciation hit is still there, just 7% less painful than if I bought one.
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