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View Poll Results: What's the most you've ever spent on a vehicle as a % of your household income?
I've never purchased a vehicle. 6 6.32%
Less than 10% of my annual household income at the time. 14 14.74%
10-25% of my annual household income at the time. 27 28.42%
26-50% of my annual household income at the time. 27 28.42%
51-75% of my annual household income at the time. 6 6.32%
76-100% of my annual household income at the time. 5 5.26%
More than 100% of my annual household income at the time. 3 3.16%
My servants track these sorts of things. 7 7.37%
Voters: 95. You may not vote on this poll

 
 
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Old 08-29-2014, 04:47 PM   #30
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Originally Posted by TribalElder View Post
Did it command a good price? I am not familiar with how BMW's hold as far as resale value
I was pretty pleased. I drove it for 12 years and still got almost 40 percent of my initial purchase price. (Recall that I bought it when it was almost three years old.) I bought it for a little over $22k and sold it for a little more than $8.

I definitely underpriced it a bit. If I had been hard core and willing to hold out for a while, I could have gotten another $1,200 to $1,500. But I wanted to make the sale rather quickly to keep from having to park it on the street going forward.
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