How well does the BMW 3 Series hold its value?
Learn how to get the most value out of your BMW 3 Series
With thousands of BMW 3 Series on our roads, it’s not hard to tell that it’s a popular used car. But how well does it hold its value?
Whether or not a particular model holds its value is down to a few things. One of the big ones is whether you buy new or used (new cars lose a lot of value in the first year due to depreciation).
There is a bit more to it than that though. So, let’s dive into it a little more, and see how it plays out for BMW 3 Series.
How to get the most value from your 3 Series
Getting the most value from your BMW 3 Series can be done in a range of ways, but the simplest way is to maintain it well.
This includes ensuring the battery, engine, suspension, bodywork, interior etc. are in tip-top order so you – and the next owner – can enjoy it for many miles to come.
Keeping on top of servicing means fewer mechanical issues, and a clean car means less rust and fewer bodywork repairs.
BMW 3 Series depreciation
Average devaluation rate + industry comparison
As a rule of thumb, most new cars lose 20-30% of their value in the first year of leaving the dealership, which is great news for buyers of used and nearly new cars.
Then, for those buying a used car three years or older, you could be looking at spending 50% less than the price brand-new. That’s a huge saving.
Of course, this will range depending on the type of car, but a BMW 3 Series should fall pretty closely in line with this – great news if you’re after a used 3 Series saloon or Touring (that’s what BMW calls its estate cars).
What affects the BMW 3 Series resale value?
There are a couple factors at play when considering a BMW 3 Series’ resale value, and a few things you can do to keep it nice and high if you’re smart about it.
Mileage and condition
The first and main one you have control over is maintaining your vehicle by keeping it in the best condition possible.
This includes keeping it clean as possible at all times because dirt sitting on your car can only put it at risk of rusting and causing other issues, devaluing it.
If possible, it’s best to keep a car dent-free and clear of scratches too. And, since repairs can be expensive, consider adding cinchCover when you buy a car from us – it’ll take the pain out of those bumps and bruises to your car’s bodywork.
One thing that’s a little trickier to control but worth keeping an eye on is your car’s. A lot of us use our cars daily, and there’s nothing wrong with that, but keeping your mileage below average (if possible) could get a few extra quid in your pocket when it comes to sell or part-exchange.
Market trends
There’s not a lot any of us can do about market trends, but it is something to think about when looking at your car’s value.
When you come to sell or buy your next car, these ‘trends’ could be in your favour or completely against you – it just depends what the market demands at the time.
For example, there was a huge demand for electric cars a few years ago and prices were high, but that has cooled quite a bit at the time of writing (November 2024). This is great news for used car buyers but not so much if you’re wanting to sell.
Market trends are all about timing – sometimes it’s a good time to buy, sometimes it’s a good time to sell. And sometimes you don’t have much choice either way, but there’s still value to be found.
How to improve a BMW 3 Series’ resale value
Believe it or not, there are ways to improve your car’s resale value before it’s time to sell or part-exchange. Here are a few things you can do.
Maintenance
Keeping on top of maintenance is the big one. If you can prove your car has had all the necessary work done, you’ll be laughing all the way to the bank.
Not only is the buyer satisfied but so are you for knowing you’re selling them a solid car capable of many more happy miles.
Scrimping on maintenance and general car care is a surefire way to lose the most money on your car, and who wants that?
And being proactive about maintenance will help you (and any future owners) avoid massive bills at the garage.
When to sell
When to sell your car is the age-old question. It’s difficult to judge because there are so many factors at play, but there are a few signs to look out for.
If you’re thinking about selling your car soon, you can look at prices for similar examples online. That should give you a good idea of how its value is looking.
Instead, the best thing to do is to sell your car when you’re ready to do so and when you know it’s in the best condition it can be.
Part-exchanging
If you want to swap your old car for a new one, part-exchange is often the easiest way to do so.
The good thing is that you can shop around for the best valuation and do it all from the comfort of your own sofa.
If you’re ready to part exchange your car, get your free quote below. You’ll get a guaranteed price, and we’ll even collect your old car for you.