BMW X3 Resale Value: Do They Hold Their Value? What To Know
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The BMW X3 is a popular SUV from the manufacturer of luxury cars and it’s one of their most popular selections. Before investing in a vehicle like the BMW X3, it’s critical to examine all factors to determine if it’s right for your life. For instance, how long will the car maintain its price point? What is the BMW X3 resale value you can expect?
Cars that can hold their value longer will sell for a much higher price point than those that aren’t able to do so, and they also tend to break down much less. If you want to invest in a BMW, why not go for one with an excellent resale value? Read on to learn more about the depreciation rate of the BMW X3, how much they will resell for, and other information.
What Is The Depreciation Rate of a BMW X3?
One of the first things to do when considering the BMW X3 resale value is to determine the depreciation rate. How fast will the value of the BMW X3 go downhill and how much depreciation can you expect in the machine?
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According to caredge.com, here is the approximate depreciation rate of the BMW X3:
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Once you get past the first few years of ownership, the value of the BMW X3 will drop significantly.
For the first few years of ownership, the BMW X3 will hold its residual value well. However, once you hit the three-year mark, things tend to taper off significantly.
How Much Will BMW X3s Resell For?
If you have a BMW X3, it’s not a cheap investment. According to bmwusa.com, you can invest in a brand-new BMW X3 for a starting price of $46,900. Let’s say you want to resell it - how much would it be worth after five years of ownership?
It’s safe to assume that the value of a BMW X3 will drop around 40% after five years of ownership. Thus, we can estimate that a BMW X3 purchased for a starting price of $46,900 will be worth $28,100. That’s much lower than the original price and it will only continue to go down as time goes on and the car experiences more wear and tear.
What Is The Best Year To Purchase For Value Longevity?
If you want to pick a car based on longevity, it’s a good idea to stick with the most reliable years for the BMW X3. Years with high dependability are less likely to break down and thus will go longer before they need repairs and will be worth more when the time comes to get rid of the vehicle.
Here are the best possible years for the BMW X3:
- 2005 BMW X3
- 2016 BMW X3
- 2021 BMW X3
These are the most dependable of this car.
As you drive this luxury vehicle, it will need fewer repairs and experience less damage than some of the less effective counterparts from the same design. We recommend these if you want to vastly improve your longevity.
BMW X3 PROS & CONS
Whether you’re looking at investing in a new BMW X3 or settling for an older model, it’s helpful to understand the BMW X3 pros and cons.
What Is The Worst Year To Purchase For Value Longevity?
On the other side of the spectrum, there are also some less dependable years for the BMW X3 that are far more likely to experience serious issues far sooner that will rip the BMW X3 value down further. Keep away from these if you can.
Here are some terrible selections from the BMW X3:
- 2007 BMW X3
- 2013 BMW X3
- 2014 BMW X3
- 2017 BMW X3
- 2019 BMW X3
These might cost less but they won’t be worth it.
Troubles like oil leakages, coolant loss, and more plague these five years of the BMW X3. Unless you don’t care about repairs and have no interest in retaining a high value, keep away from these when possible.
Which BMW Holds Its Value Best?
When looking at the resale value of the BMW X3, it’s helpful to look at which other cars from the brand. The BMW holds a semi-decent value, but there are other options to consider if you’re just interested in the best value of the BMW.
According to iseecars.com, here are the BMWs that retain their value the best:
- BMW M4 (Coupe)
- BMW M2
- BMW M3
- BMW 2 Series (Coupe)
- BMW X1
These will hold their value for the longest period.
Unfortunately, the BMW X3 doesn’t make the top of the list. You won’t find it until you get all the way down to the sixteenth vehicle on the list. The X3 is far from the best in value BMW offers.
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Do BMWs Generally Hold Their Value?
Typically, you can depend on the BMW X3 resale value to remain relatively steady because the overall history of value in BMW has remained stable. It’s even increased over the past couple of years.
You can expect a BMW to hold its value well for the first few years. From there, it will continue to drop off as most cars on the more luxurious end do.
Final Thoughts
Although the BMW X3 resale value isn’t great, you’ll still get something from the car if you decide to sell it again after years of ownership. However, it’s critical to remember that the rate will drop far below its original price if you have it for more than five years.
We hope this information comes in handy! At the end of the day, it’s up to you to determine if the BMW X3 is the right choice for your life.
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