This Flagship BMW Lost Nearly $50K Before Most People Would Make The First Oil Change
Buying a brand new 7-series seems to be a surefire way to lose a lot of money quickly
https://www.carscoops.com/author/stephen-rivers/
by Stephen Rivers
This low-mileage BMW 760i xDrive originally had an MSRP of $123,275.
It sold at auction for just $77,286, a loss of nearly $46,000 in value.
For the money, it’s a very well-appointed and powerful flagship sedan.
There was a time when nearly every automaker had a flagship sedan that stood as a statement of design, engineering, and ambition. While many brands have moved on from that tradition, a few continue to uphold it. Among them, BMW remains one of the most consistent players in the segment.
The 760i xDrive is an excellent example of a German flagship sedan, mixing a big, powerful engine with a plush interior full of impressive technology. It’s also a textbook case of how quickly depreciation can set in.
Read: The Depreciation On This Ferrari SF90 After Just 185 Miles Is Insane
When it first rolled off the lot, this particular 760i xDrive had an MSRP of $123,275. That’s a lot of cash, but keep in mind that this car has just about every option available. Under the hood is a twin-turbocharged V8 engine that makes 536 horsepower (399 kW) and 553 lb-ft (748 Nm) of torque. Power is sent to all four wheels via an eight-speed automatic gearbox.
The exterior design, while controversial, unquestionably has a lot of presence. 20-inch wheels sit at each corner, adaptive headlights and illuminated kidney grilles make a big visual impact at night, and Carbon Black metallic paint glistens in the daytime.
Packed with Features
This posh full-size sedan also comes with BMW’s panoramic Sky lounge LED roof, which can light up at night. Occupants also benefit from a high-end Bowers & Wilkins surround sound system. Rear seat occupants can both control media settings from their integrated indoor infotainment screens.
That’s a lot of technology, refinement, and power, but it sounds even more attractive at $77,286. That’s what someone just paid for this exact car, and no, it doesn’t have high mileage either. According to the auction listing, it’s only clocked 6,500 miles since new. In other words, throughout just a couple of years, and very few miles, it lost $45,989 worth of its original MSRP.
Put another way, every mile it’s driven in its life has cost $7.07 in depreciation alone. While the auction had a reserve in place and the seller only purchased the car late last year, they likely walked away without too much pain. The original owner might not be able to say the same.
Credit: CarsAndBids
