2020i3
Posts: 41
Joined: Mon May 17, 2021 10:00 am

BMW i3 Resale Value

Sun Jul 25, 2021 6:57 am

A tale of two new vehicles in a supposedly hot used car market.

How's my 2020 BMW i3 REX with a $56000 MSRP (Plus 8.38% sales tax) doing in regards to holding it's value seven months later while used car prices are soaring?

2020 BMW i3, Base w/Range Extender Hatchback 4D, 3,000 miles.

Carvana purchase offer: $33,182

How's my 2021 diesel $57,000 Jeep Wrangler with 2,300 miles purchased at the same time doing seven months later?

2021 Jeep Wrangler Unlimited, High Altitude Sport Utility 4D, 2,300 miles

Carvana purchase offer: $$44,902

https://www.wsj.com/articles/selling-yo ... 1626606000

Lesson :arrow: : You don't want to purchase an i3 new...

eNate
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Joined: Mon Sep 09, 2019 5:33 pm

Re: BMW i3 Resale Value

Sun Jul 25, 2021 11:06 am

There's the persistent story of an instant $10,000 discount off a new i3 just for sneezing politely. True? I don't know, but if so, drives down the used market value when an interested buyer is comparing new vs. 2 year lease return.

Then of course there's the $7,500 federal tax credit, plus another $3,500 in California, and similar offers in other states. Again, a used car buyer is going to consider this.

I presume you were the beneficiary of some of these incentives, and that you didn't really pay sticker?
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2020i3
Posts: 41
Joined: Mon May 17, 2021 10:00 am

Re: BMW i3 Resale Value

Sun Jul 25, 2021 11:43 am

These are the offers Edmund's shows on an i3, which look the same as when I bought mine late last year.

Lease Bonus Cash $3000
Loyalty Lender Bonus Cash $3,000
Military for Retail $11,000
Lease Bonus Cash $7,500
Student/College Grad Lender Bonus $1,000

https://www.edmunds.com/bmw/i3/2021/deals/

As for the $7,500 tax credit, you have to be able to use it. As a military retiree, even though I have a fairly high income, I don't owe any taxes every year. Nothing to deduct or itemize to use a tax credit. Lots of people in my situation.

I took the $11,000 USAA rebate.

But in the end, it looks like the used car market is going to take their "25% after you drive it off the lot pound of flesh," off of the biggest discounts on the i3.

EVMan
Posts: 340
Joined: Sat Feb 25, 2017 4:31 pm
Location: USA, DC

Re: BMW i3 Resale Value

Tue Jul 27, 2021 9:48 pm

I just read your post and went to carwana to see the sell price.

all the "sell" changed to trade in value to purchase a new car suddenly . not sure why.

Why would any one in right mind do business with such companies who misrepresent sale with trade in final step suddenly.
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