BMW V10 values going up?
Discussion
Renewed the BMW Mondial warranty on mine last week(E60 M5). £102 a month for the full top package with breakdown cover,homestart, for UK and Europe. Monthly warranty is not transferable to the new owner. Probably before i sell the the car i will switch to a yearly policy so i can sell mine with almost a years Mondial warranty for the new owner as the yearly warranty is transferable with no fee to the new owner.
Only bought it in October 2013 so won't be selling for a while yet. Looking forward to getting some good use out of it when the weather improves.
The lower mileage good spec cars in warranty are geting harder find for reasonable money. I sold my E39 M5 after 4yrs knowing its value wasn't really going to drop,if anything it had gone up slightly. I didn't buy the E60 and worry about how much it will be worth in a few years. The E60 M5 is bound to keep dropping in value.
Simon.
Only bought it in October 2013 so won't be selling for a while yet. Looking forward to getting some good use out of it when the weather improves.
The lower mileage good spec cars in warranty are geting harder find for reasonable money. I sold my E39 M5 after 4yrs knowing its value wasn't really going to drop,if anything it had gone up slightly. I didn't buy the E60 and worry about how much it will be worth in a few years. The E60 M5 is bound to keep dropping in value.
Simon.
junglist said:
I was able to take over the monthly insured warranty payments from the previous owner of my M6. The new owner has 10 days from the old owner cancelling to do so
You may be able to, but the new policy will be based on the mileage at the time of the swap which if done at over 60,000 miles ramps up the cost. However, if the original monthly payer keeps it running it stays at the same cost as when it was taken out (although Mondial reserve to right to change this).This is why <60k cars are more valuable than 60001k cars.
cosworth330 said:
The lower mileage good spec cars in warranty are geting harder find for reasonable money. I sold my E39 M5 after 4yrs knowing its value wasn't really going to drop,if anything it had gone up slightly. I didn't buy the E60 and worry about how much it will be worth in a few years. The E60 M5 is bound to keep dropping in value.
Agreed. Lower mileage, excellent conditions cars with warranty will remain firm(ish) as they are likely to appeal to the dwindling number of enthusiasts who can afford the fuel for a V10. Higher mileage, shoddy ones will continue to drop to the £10k mark.
Schermerhorn said:
Helicopter123 said:
Is there an age limit on the warranty?
Not sure but I do know there is a mileage limit which is 100,000.A car with less than 60k miles - easier to sell
A car with 60k - 100k miles - difficult to sell
A car with 100k miles + - impossible to sell
Irish_Stu said:
Have been keeping an eye on the V10 M5/M6 values and they seem to be holding steady. Has anyone sold an M6 recently? How was the selling experience? I have an itch to change mine for a newer M6...
Holding steady in terms of advertising valueReality is that they are still hard to shift. Hardly any AUC cars now and very few still under warranty so any bills will be quite high.
My selling experience was very easy when the right buyer came along (an enthusiast) but it was on sale for months will lots of people taking the p*ss which made it frustrating; bear in mind my car was a full AUC prepped car, with warranty remaining and just about everything done to it as well; clutch, flywheel, throttle
actuators, new brakes, tyres etc etc etc. And it was still a mega headache.
Usual M car scenario at this age...only the best, lowest mileage examples with be worth much.
Even then you have something that's getting on a bit and, if buying outside of the AUC scheme, to put a warranty on will be expensive.
Nearer the bottom of the market there can be bargains but many cars will be waiting to have a few grand spent on them - just to bring them up to scratch, before you get into general running costs.
Even then you have something that's getting on a bit and, if buying outside of the AUC scheme, to put a warranty on will be expensive.
Nearer the bottom of the market there can be bargains but many cars will be waiting to have a few grand spent on them - just to bring them up to scratch, before you get into general running costs.
Schermerhorn said:
Holding steady in terms of advertising value
Reality is that they are still hard to shift. Hardly any AUC cars now and very few still under warranty so any bills will be quite high.
My selling experience was very easy when the right buyer came along (an enthusiast) but it was on sale for months will lots of people taking the p*ss which made it frustrating; bear in mind my car was a full AUC prepped car, with warranty remaining and just about everything done to it as well; clutch, flywheel, throttle
actuators, new brakes, tyres etc etc etc. And it was still a mega headache.
My experience was the opposite with my M5. I got my asking price as it was sold within 36 hours of going on sale.Reality is that they are still hard to shift. Hardly any AUC cars now and very few still under warranty so any bills will be quite high.
My selling experience was very easy when the right buyer came along (an enthusiast) but it was on sale for months will lots of people taking the p*ss which made it frustrating; bear in mind my car was a full AUC prepped car, with warranty remaining and just about everything done to it as well; clutch, flywheel, throttle
actuators, new brakes, tyres etc etc etc. And it was still a mega headache.
A few days later, thinking I had sold it to an enthusiast I found out it was a trader. He had it up for another £2k on his forecourt and it sold again inside 2 weeks.
zainster said:
Schermerhorn said:
Holding steady in terms of advertising value
Reality is that they are still hard to shift. Hardly any AUC cars now and very few still under warranty so any bills will be quite high.
My selling experience was very easy when the right buyer came along (an enthusiast) but it was on sale for months will lots of people taking the p*ss which made it frustrating; bear in mind my car was a full AUC prepped car, with warranty remaining and just about everything done to it as well; clutch, flywheel, throttle
actuators, new brakes, tyres etc etc etc. And it was still a mega headache.
My experience was the opposite with my M5. I got my asking price as it was sold within 36 hours of going on sale.Reality is that they are still hard to shift. Hardly any AUC cars now and very few still under warranty so any bills will be quite high.
My selling experience was very easy when the right buyer came along (an enthusiast) but it was on sale for months will lots of people taking the p*ss which made it frustrating; bear in mind my car was a full AUC prepped car, with warranty remaining and just about everything done to it as well; clutch, flywheel, throttle
actuators, new brakes, tyres etc etc etc. And it was still a mega headache.
A few days later, thinking I had sold it to an enthusiast I found out it was a trader. He had it up for another £2k on his forecourt and it sold again inside 2 weeks.
Other more 'standard' spec cars can be abit harder to move as there will be plenty out there with matching colours, specs but lower prices etc.
Decided to hang onto mine for another year, just had 4 Michelin pilot super sports fitted last week and renewed the insurance for another year at £232 fully comp which I thought was a good price, £20 cheaper than last year!
I'm quite happy with the depreciation curve on my M5, no regrets buying it. Coming upto 3 years ownership and it's been great.
I'm quite happy with the depreciation curve on my M5, no regrets buying it. Coming upto 3 years ownership and it's been great.
Schermerhorn said:
Yours was a desriable white one with the red leather and the M6 wheels if I recall correctly? It was a unique looking M car in my opinion and you did very well selling it so quickly.
Other more 'standard' spec cars can be abit harder to move as there will be plenty out there with matching colours, specs but lower prices etc.
Yep, you are correct. Definitely luck involved because when I bought it, no one else was interested according to the seller and when I sold mine, there was another similar one for sale but that stayed on sale for months! (I wasn't even looking for white as I wanted Silverstone or Interlagos initially).Other more 'standard' spec cars can be abit harder to move as there will be plenty out there with matching colours, specs but lower prices etc.
Colour combo aside I think the condition, high spec (soft close auto doors was my fav option on the car), history, low miles and selling immediately after BMW had replaced the clutch and flywheel under warranty is what made it imho an enticing buy for anyone looking at an M5 as it had most bases covered. The colour to some might just be a bonus.
Gassing Station | M Power | Top of Page | What's New | My Stuff