2002 BMW 7's getting 'low balled' on wholesale market

Post by **Jason B** » Sun Sep 08, 2002 9:52 am

From this link:

http://www.imakenews.com/autospies/e_ar ... 092381.cfm

"2002 BMW 7's getting 'low balled' on wholesale market Resale value of new body style in the tank

A quick survey of BMW dealers by the Spies uncovered extremely weak resale values of the new 7-series.

Based on random calls to our 'in the know' wholesalers and BMW dealer GM's, a 2002 seven series with an original MSRP of $75K, is only bringing around $62K wholesale.

What this means to you the consumer is, if you had or have bought one and want to dump it or trade it in on another car, you can only expect to get a number in the low sixties.

Which means you are probably $12-15K underwater on your 745...

Brutal!"

Post by **PalmerWMD** » Sun Sep 08, 2002 9:52 am

I used to LOVE the 7series.

I remeber as a kid in Germany I would read and reread and relook at the AutoMotor Sport article/pictures of the then new 1987 BMW 735i.

Now I prefer Q45's hands down.

Fred...

Post by **reggiegsd** » Sun Sep 08, 2002 9:52 am

I dumped a '95 740 to buy the '94 Q. I do NOT miss that Bimmer. If it had been a 735 from a couple of years earlier, the story just might be different. The 3.5 liter M30 motor is something special.

Post by **911/Q45** » Sun Sep 08, 2002 9:52 am

I drove a new 745 and was really impressed with the power, brakes and suspension. It was real quiet and comfortable and I could even get used to the looks and I Drive. But my wife noticed that the 300 mile demo already had visible wear on several interior trim pieces, more than our 13 year old Q45. Unacceptable in a car that expensive!

Post by **skydragoness** » Sun Sep 08, 2002 9:52 am

maybe it ain't selling well, because of the state of the economy right now and that's it's pretty damn expensive

i've always liked Bimmer, they make good cars and manage to not sacrifice perf./ style in any of their models

they deserve the 'ultimate driving machine' slogan

dammit, i want an ol' M3 (e36)

Post by **boMex** » Sun Sep 08, 2002 9:52 am

wow...15grand.....that's a rape if ever I saw one.......and in US $ too....ouch *wince*

Post by **Mr1der** » Sun Sep 08, 2002 9:52 am

Post by **SKAGEE** » Sun Sep 08, 2002 9:52 am

911/Q45 wrote:IBut my wife noticed that the 300 mile demo already had visible wear on several interior trim pieces, more than our 13 year old Q45. Unacceptable in a car that expensive!

I've once had an E36 Bimmer for three years and the car literally started to fall apart..LOL.. the trims were rattling, the ceiling's upholstery were showing signs of falling, the windshield wippers had a mind of its own...maybe its me but I have a feeling that Bimmers have a bulit in timming devices that make the car self destruct after the warranty period is over..

. The Mercedes however are very robust but doesn't drive as well as a BMW though

Post by **elwesso** » Sun Sep 08, 2002 9:52 am

Im actually going to look at an E32 750 tomorrow.....

THats interesting though, but the 02s kinda suck... NOt a fan of the body styles...

Post by **BB Turbo** » Sun Sep 08, 2002 9:52 am

James, why in the hell are you digging up this thread?

Post by **Mr1der** » Sun Sep 08, 2002 9:52 am

it was the oldest in others, figured I should dig up a near two year old thread...

Post by **BB Turbo** » Sun Sep 08, 2002 9:52 am

Yeah, thanks for the bumping of a completely useless thread in a completely useless forum;) that only 10 people max will ever see.

Post by **Mr1der** » Sun Sep 08, 2002 9:52 am

post nudies?

Post by **elwesso** » Sun Sep 08, 2002 9:52 am

It just goes to show you who REALLY know everything that happens on NICO..

James, how the hell did you find this?

Post by **Lucky736** » Sun Sep 08, 2002 9:52 am

I hate to tell you but most people buying that car think 12-15k is a drop in the bucket

Post by **Rockenreno** » Sun Sep 08, 2002 9:52 am

BB Turbo wrote:Yeah, thanks for the bumping of a completely useless thread in a completely useless forum;) that only 10 people max will ever see.

we're at 6 since the bump!

Post by **jdmfreak** » Sun Sep 08, 2002 9:52 am

YouTube · Post by **Jesda** » Sun Sep 08, 2002 9:52 am

I'd like to try a mid-90s 5-series. Here's a review:

http://www.q45.org/1989automobilemag/

2002 BMW 7's getting 'low balled' on wholesale market

2002 BMW 7's getting 'low balled' on wholesale market

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