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Discussion Starter #1
There is a used Caesium Blue/brown HSE for sale with 5900 miles.
Its through Manheim auctions, but they are taking offers between $53,500 to $63k.
 

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Awesome. Not even ONE year in and our cars are worth close to half..
 

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$83,070 MSRP w/Dest - $11,000 in California worth of gov't rebates/incentives = $72,070 no haggling 2020 edition 0% financing. This used one is a good buy if it has a clean history. Auction cars are for the brave. You don't get to drive them, and there is no recourse. Many are Cash Only. Often there is a 'buyer's premium' at auctions, or fixed fees. These are often in the 'small print'. The biggest worry about Auction cars, is private parties seldom put cars up at wholesale auctions, finance companies, insurance companies, and dealerships do.

The price is a lot of drop, but not unusual.

A high demand 2019 BMW i8 Roadster, 8,667 mi, BMW Certified at Penske, before negotiations, can be bought for $128k no-haggling, which had an original MSRP of at least $167k. It does not qualify for full rebates or CA HOV stickers/Toll-Road discounts.

So the BMW lost at least $30,000, but probably over $50,000 in less than a year, when purchased at a BMW dealer. The BMW dealer did not give the owner $128k, nor is a smart buyer going to pay $128k.
 

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Discussion Starter #4
$83,070 MSRP w/Dest - $11,000 in California worth of gov't rebates/incentives = $72,070 no haggling 2020 edition 0% financing. This used one is a good buy if it has a clean history. Auction cars are for the brave. You don't get to drive them, and there is no recourse. Many are Cash Only. Often there is a 'buyer's premium' at auctions, or fixed fees. These are often in the 'small print'. The biggest worry about Auction cars, is private parties seldom put cars up at wholesale auctions, finance companies, insurance companies, and dealerships do.

The price is a lot of drop, but not unusual.

A high demand 2019 BMW i8 Roadster, 8,667 mi, BMW Certified at Penske, before negotiations, can be bought for $128k no-haggling, which had an original MSRP of at least $167k. It does not qualify for full rebates or CA HOV stickers/Toll-Road discounts.

So the BMW lost at least $30,000, but probably over $50,000 in less than a year, when purchased at a BMW dealer. The BMW dealer did not give the owner $128k, nor is a smart buyer going to pay $128k.
Its from a dealer in NJ, cars at the PA lot.
Car ran but didn't sell. Called the dealer directly to see what the story is.

Its under warranty, has a couple of minor scratches, but inspection came out really clean.

Anything EV or hybrid will depreciate much faster than ICE.
Tesla is the worst though.
 

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Discussion Starter #6
Its from a dealer in NJ, cars at the PA lot.
Car ran but didn't sell. Called the dealer directly to see what the story is.
How does the dealer explain 5900 miles if it never sold?
Sorry I meant its a 3rd party dealer that ran it through auction, but it didn't I didn't find a buyer.
This was most like a trade in that sat on their lot that they need to move at auction.

I would be curious to know how much it was purchased for
 

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Discussion Starter #8
A little update:
I believe they would take $50k for the car. This is from a 3rd party dealer, so they can sell as retail if anyone is interested.

Car is in PA
 
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