So I bought a CPO 2021 BMW 530e in February with 17k miles and had it since. I don’t drive much, only put 4k miles on it since, and paid about $47K (which seemed like a good deal at the time) and put $5k down. I also did a 72 month lease, and definitely don’t think I’ll want the car another 5 years.
I’m worried the car market will keep tanking and got an offer for essentially my exact Loan amount of $37.6K from vroom, so essentially I’ll paid off the loan, but have technically spent $5k plus 7 payments ($10kish) to own this car for 8-9 month which seems stupid, but again, maybe better to sell now then potentially lose more later?
Let me know your thoughts, would greatly appreciate it.
You bought it at retail price from a dealer. There is probably a 10-15k difference between trade in and retail. It’s still worth the same amount at retail. You could still sell it for around what you paid if you go private party. Enjoy the car.