Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 BMW X1's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2020 BMW X1 in 2020 was $41,295.
The average price for used 2020 BMW X1 nowadays in 2024 is $25,499 which is 62% from the original price.
Estimated mileage driven per year is 10,344 miles.
The graph below is a depreciation curve for 2020 BMW X1. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2020 BMW X1 in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $41,295 | — | — | 100% | 0% |
| 2020 | 10,344 mi | $46,300 | −$5,005 | −12.12% | 112.12% | -12.12% |
| 2021 | 20,688 mi | $37,390 | +$8,910 | +19.24% | 90.54% | 9.46% |
| 2022 | 31,032 mi | $28,581 | +$8,809 | +23.56% | 69.21% | 30.79% |
| 2023 | 41,376 mi | $28,056 | +$525 | +1.84% | 67.94% | 32.06% |
| 2024 | 51,720 mi | $25,499 | +$2,557 | +9.11% | 61.75% | 38.25% |
| 2025 | 62,064 mi | $23,500 | +$1,999 | +7.84% | 56.91% | 43.09% |
| 2026 | 72,408 mi | $20,929 | +$2,571 | +10.94% | 50.68% | 49.32% |
| 2027 | 82,752 mi | $17,790 | +$3,139 | +15% | 43.08% | 56.92% |
| 2028 | 93,096 mi | $15,998 | +$1,792 | +10.07% | 38.74% | 61.26% |
| 2029 | 103,440 mi | $11,999 | +$3,999 | +25% | 29.06% | 70.94% |
| 2030 | 113,784 mi | $10,995 | +$1,004 | +8.37% | 26.63% | 73.37% |
| 2031 | 124,128 mi | $10,000 | +$995 | +9.05% | 24.22% | 75.78% |
| 2032 | 134,472 mi | $7,841 | +$2,159 | +21.59% | 18.99% | 81.01% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the BMW X1’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2020 BMW X1. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 BMW X1 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $35,449 | 10 sales |
| 5,000 mi | $35,347 | 116 sales |
| 10,000 mi | $33,777 | 305 sales |
| 15,000 mi | $32,192 | 561 sales |
| 20,000 mi | $31,687 | 833 sales |
| 25,000 mi | $30,988 | 955 sales |
| 30,000 mi | $29,997 | 879 sales |
| 35,000 mi | $28,999 | 670 sales |
| 40,000 mi | $27,998 | 522 sales |
| 45,000 mi | $27,356 | 454 sales |
| 50,000 mi | $27,000 | 376 sales |
| 55,000 mi | $26,495 | 229 sales |
| 60,000 mi | $24,169 | 102 sales |
| 65,000 mi | $23,990 | 53 sales |
| 70,000 mi | $21,995 | 31 sales |
| 75,000 mi | $21,495 | 23 sales |
| 85,000 mi | $22,276 | 10 sales |
Frequently asked questions
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Proper maintenance and good condition can slow the depreciation of a 2020 BMW X1 by making it more attractive to potential buyers, thereby preserving more of its value.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
Other years of BMW X1
2014 BMW X1
$10,995 average used price
22,500+ sales records
2015 BMW X1
$11,999 average used price
23,900+ sales records
2016 BMW X1
$15,998 average used price
38,600+ sales records
2022 BMW X1
$28,581 average used price
2,700+ sales records
2023 BMW X1
$37,390 average used price
630+ sales records
2024 BMW X1
$46,300 average used price
700+ sales records
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2020 BMW X1 on BADVIN
