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It's Amazing How Fast a Used BMW 7 Series Depreciates

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Used 2016 BMW 7 Series
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Used 2016 BMW 7 Series
Used 2016 BMW 7 Series
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author photo by Doug DeMuro August 2019

When you see the headline for this post, I know what you're thinking: Yes, we know, luxury cars depreciate quickly -- this isn't anything new. But I think the latest BMW 7 Series is really exceptional in how quickly it's losing value, and it's amazing to me how cheaply you can buy a used 7 Series.

Here's the situation: the current BMW 7 Series debuted for the 2016 model year, and it's been recently refreshed for the 2020 model year with some new technology and a slightly new look. That's all well and good. But while a brand-new 2020 7 Series is easily a $100,000 proposition, it's absolutely amazing to me how cheap a 2016 7 Series has become.

Just how cheap are we talking? Right now, there are 976 different 2016 7 Series models listed for sale on Autotrader, and an amazing 273 of them are under $40,000. That means these cars have lost $60,000 -- or more -- to depreciation in just three years. These vehicles still look brand new, they have all the latest BMW technology (or very close to it) and they're priced in the $30,000 range. In fact, of the 976 different 2016 7 Series models for sale on Autotrader, a full 843 of them -- more than 85% -- are under $50,000.

To me, this is a bargain that goes well beyond the usual luxury car bargain situation, especially since many of these 7 Series models are offered with BMW certified pre-owned (CPO) warranties. There are many explanations to account for the depreciation, like a general lack of consumer interest in sedans, and consumer fears about expensive technology as it ages, and that sort of thing. But to be able to pick up BMW's flagship model, three years after it went on sale, while it still looks fresh, for $35,000 or $38,000, is -- to me -- an incredible deal, and far beyond what you'd get with a Mercedes S-Class. As a result, I highly recommend considering one -- though I also recommend considering a warranty. Find a BMW 7 Series for sale

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RELATED INVENTORY
Saving this vehicle to yourMy Autotrader account
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Used 2016 BMW 7 Series
Used 2016 BMW 7 Series
$35,999
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
Used 2016 BMW 7 Series
Used 2016 BMW 7 Series
$42,640
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
Used 2016 BMW 7 Series
Used 2016 BMW 7 Series
$40,560
This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
It's Amazing How Fast a Used BMW 7 Series Depreciates - Autotrader