No matter what type of vehicle you’re on the hunt for, you’re looking to get good value for what you pay. Here at Fields BMW of Daytona, we know it's hard to beat the style and value of a BMW automobile. And Edmunds.com has highlighted a particularly high-value investment: the BMW M3. This high-performance model was awarded with Edmunds.com’s Best Retained Value® Award for Midrange Luxury Cars.
The Best Retained Value Awards seek to shine a spotlight on the brands and models that have the highest projected private party residual value five years after their launch, expressed as a percentage of their average True Market Value® (TMV). TMV is a statistic compiled by Edmunds.com that looks at what other shoppers are paying in your area, including options, the car's color, and any available incentives. The figures are based on actual sales, and then adjusted for further accuracy using calculations designed by the mathematicians at Edmunds.com.
So what percentage did the BMW M3 come in at? An astounding 50.1 percent of TMV. That means that drivers selling their BMW M3 vehicle five years after purchase (assuming 15,000 miles driven per year) can expect to recoup roughly half of their initial purchase price through private party sale. When you start with a car as ahead of its time as the BMW M3, it’s no wonder it will still be in high demand five years later.
Speaking of resale, check out our wide selection of Certified Pre-Owned BMW vehicles. Whether you’re looking to buy new or pre-owned, our dealership near Palm Coast, FL is here to get you on the road in the car of your dreams. Come in today for a test drive and find your new BMW!