Trading in F10 M5
Discussion
HoHoHo said:
turboman786 said:
How are you guys finding the m5 experience.......I'm slightly apprehensive having been lucky enough to own 2 x e92 m3s, a 997, e60 m5 , c63 and stage 4 nissan gtr ........hope I'm not disappointed!
I've only had a 997 out of your list and I'm not disappointed, that is unless you expect it to be a GT3 
I'm still amazed at just how quickly it picks up speed and given the opportunity it absolutely flies and makes other quick cars look slow. Personally I never drive with all the aids off, I'm not that good so I'm happy with the car being in control and I respect the laws of physics with regard to corners etc. I don't find the car too intrusive but would say the traction light is on more often than I would expect. With winters you can't floor it at all, the light is like a flashing Christmas tree light
As a car it tends to get admiring glances rather than 'w
ker' (which both my 911's got) and I'm not afraid to park it anywhere knowing most people won't have a clue what it is. I think the shape is lovely and the 'stance' is pure muscle.From reading on the net I suspect one element you won't be disappointed with is the gearbox - I suspect lightyears away from the E60 SMG (albeit I've not driven an E60 M5) and brilliant either in comfort of mode 3 (not as many choices as you had in your E60/92). I don't think even in mode 3 it's back breaking but is super quick and I always feel as if I'm in control rather than the other way around.
On the whole I love the car - I'm averaging 18mpg and driving as I do I'm more than happy with that.
8500 miles and 8 months into my 3 year contract, there is only one question - will BMW offer the car at a cost I'm prepared to buy at and if not where the f
k do I go from an F10 M5 
I've had the e46 m3, e60 m5 and have a 997 turbo as well. I've only test driven the e92 and c63. The f10 is light years ahead of the e60 in every way, apart from the sound of the v10 (though it's very marginal even in relation to the sound - the v8 sounds great even on start-up and the exhaust seems to get louder with age). There's no real comparison with the e92 and c63; the level of sophistication and refinement is way ahead in the f10 and I'd say that if you could handle the traction issues in the c63, you'll be fine in the f10 - I haven't had any issues with mine; you just have to respect the fact that it has immense power but no AWD/4WD - I find the loss of traction totally predictable and controllable and the grip/confidence with the PSS's is fantastic.
The f10 obviously won't be as neck-breakingly fast, from standstill, as the GTR, but it won't disappoint when you give it the beans; and I'm never disappointed when climbing from the turbo into the m5. The way the m5 can warp forward when provoked is hilarious, and the raucous sound it makes is fantastic.
I've heard that the GTR gearbox can be a bit clunky at low speed/around town - the M-DCT, on the other hand, is super-smooth. It's an amazing all-rounder and great noon-wagon. Like HoHoHo says, I'm at a loss to think of a replacement.
Can't believe people are suggesting leasing would have been a better choice? The guy wants out after 6 months, how would that pan out on a leased car??
Friend of mine is on a 3 year lease on a 4 series coupe and asked for a 'get out' figure after 6 months and was told £10k, and that's after paying 6 months of premium.
I do wish people would read and think before answering. Leasing has its place, but not with someone who might want out early on.
And whilst I'm ranting, OP himself says car would retail at a BMW dealer at 45k, so how is he being ripped off by being offered 40k? He's listed the costs they would incur to retail it, plus the costs of the shiny nice dealership, I am surprised they only want 5k in it. Based in those figures as well, it's lost 5k in 6 months. Quite acceptable for an expensive high performance car.
Remember also depreciation isn't linear, it's much higher the nearer you are to purchase time.
Friend of mine is on a 3 year lease on a 4 series coupe and asked for a 'get out' figure after 6 months and was told £10k, and that's after paying 6 months of premium.
I do wish people would read and think before answering. Leasing has its place, but not with someone who might want out early on.
And whilst I'm ranting, OP himself says car would retail at a BMW dealer at 45k, so how is he being ripped off by being offered 40k? He's listed the costs they would incur to retail it, plus the costs of the shiny nice dealership, I am surprised they only want 5k in it. Based in those figures as well, it's lost 5k in 6 months. Quite acceptable for an expensive high performance car.
Remember also depreciation isn't linear, it's much higher the nearer you are to purchase time.
Boshly said:
Can't believe people are suggesting leasing would have been a better choice? The guy wants out after 6 months, how would that pan out on a leased car??
Well in the OP's case he's selling the car for cash flow reasons so he might actually have been able to keep the car had he been leasing.MattStorey said:
Bit of a ranty post. I knew that M5's were a slight risk upon purchase due to being quite unique.
Short story - looking at trading the M5 in to release some equity as in the market to purchase some new property, get married, and thinking about a track day car.
Took my F10 M5 in for valuation yesterday - purchased 2nd hand from a dealership. Apparently in less than six months it has dropped in value by 10k.
Admittedly it needs four new tyres (approx 1k in tyres) and is on 16k miles.
Obviously they will need to replace tyres, promote sale, pay sales people, make some profit etc. I accept that as i am dubious about selling it privately due to test pilots, tyre kickers, and time wasters. Should it have dropped by this much or are they pulling my leg as i am looking for a quick-ish sell?
For those that are interested - thinking about a second hand 520D touring.
Thanks, Matt
I'm surprised they offered you as much as that, frankly and equally surprised that you're so shocked at the deprecation.Short story - looking at trading the M5 in to release some equity as in the market to purchase some new property, get married, and thinking about a track day car.
Took my F10 M5 in for valuation yesterday - purchased 2nd hand from a dealership. Apparently in less than six months it has dropped in value by 10k.
Admittedly it needs four new tyres (approx 1k in tyres) and is on 16k miles.
Obviously they will need to replace tyres, promote sale, pay sales people, make some profit etc. I accept that as i am dubious about selling it privately due to test pilots, tyre kickers, and time wasters. Should it have dropped by this much or are they pulling my leg as i am looking for a quick-ish sell?
For those that are interested - thinking about a second hand 520D touring.
Thanks, Matt
Welcome to the real world. What were you expecting?
MattStorey said:
March 2012. Has a service pack until 2017.
Slightly annoyed. Need to consider next steps.
They are offering around the 40k mark. Looking on bmw approved it appears that it would sit on the forecourt for about 45k mark - give or take a couple of 1000.
http://www.approved.bmw.co.uk/bmwuk/bmwauc/results...
Was hoping that they might do a bit of a deal as i would be trading it in and taking something else off their hands. I think they are pulling my leg as i am looking at a quick-ish sell.
Based on that i am considering not bothering with them.
Sorry if this sounds harsh, but what planet are you on?! Surely a spot of DD before you even think about moving the car on would give you an idea what it's worth?Slightly annoyed. Need to consider next steps.
They are offering around the 40k mark. Looking on bmw approved it appears that it would sit on the forecourt for about 45k mark - give or take a couple of 1000.
http://www.approved.bmw.co.uk/bmwuk/bmwauc/results...
Was hoping that they might do a bit of a deal as i would be trading it in and taking something else off their hands. I think they are pulling my leg as i am looking at a quick-ish sell.
Based on that i am considering not bothering with them.
Edited by MattStorey on Friday 18th July 10:53
So an equivalent car retails at £45K? BMW offer you £40K, on the basis that your car needs to be prepped, all four tyres replaced, serviced etc. Factor in overhead costs and the requirement to actually make a profit (I know, who'd of thunk it?) and I'm actually quite surprised they offered you that.
Sorry, pal. Your post sounds moronic. You bought a BMW M5 at the top of its depreciation curve and now you're upset it's worth f
k all? It's a BMW M5! Nobody wants them (tiny minority of dedicated petrol heads notwithstanding)! Boshly said:
Can't believe people are suggesting leasing would have been a better choice? The guy wants out after 6 months, how would that pan out on a leased car??
Friend of mine is on a 3 year lease on a 4 series coupe and asked for a 'get out' figure after 6 months and was told £10k, and that's after paying 6 months of premium.
I do wish people would read and think before answering. Leasing has its place, but not with someone who might want out early on.
And whilst I'm ranting, OP himself says car would retail at a BMW dealer at 45k, so how is he being ripped off by being offered 40k? He's listed the costs they would incur to retail it, plus the costs of the shiny nice dealership, I am surprised they only want 5k in it. Based in those figures as well, it's lost 5k in 6 months. Quite acceptable for an expensive high performance car.
Remember also depreciation isn't linear, it's much higher the nearer you are to purchase time.
Your intelligence is wasted here, alas. Time to get out before we both catch Stupid.Friend of mine is on a 3 year lease on a 4 series coupe and asked for a 'get out' figure after 6 months and was told £10k, and that's after paying 6 months of premium.
I do wish people would read and think before answering. Leasing has its place, but not with someone who might want out early on.
And whilst I'm ranting, OP himself says car would retail at a BMW dealer at 45k, so how is he being ripped off by being offered 40k? He's listed the costs they would incur to retail it, plus the costs of the shiny nice dealership, I am surprised they only want 5k in it. Based in those figures as well, it's lost 5k in 6 months. Quite acceptable for an expensive high performance car.
Remember also depreciation isn't linear, it's much higher the nearer you are to purchase time.
Unfortunately I've felt the pain of savage depreciation on several occasions, try 10k on a brand new exige s at 9 months old. You live and learn, it hurts, but you've got to get on in life. Cars all loose certain percentages of their value per month, the more the car is worth the bigger the ££££ lost.
It's currently the main reason I don't have an RS6. However you finance it, wrap up the numbers , do the man maths. Loosing money on cars hurts.
It's currently the main reason I don't have an RS6. However you finance it, wrap up the numbers , do the man maths. Loosing money on cars hurts.
Shaoxter said:
Boshly said:
Can't believe people are suggesting leasing would have been a better choice? The guy wants out after 6 months, how would that pan out on a leased car??
Well in the OP's case he's selling the car for cash flow reasons so he might actually have been able to keep the car had he been leasing.GreatPretender said:
Boshly said:
Can't believe people are suggesting leasing would have been a better choice? The guy wants out after 6 months, how would that pan out on a leased car??
Friend of mine is on a 3 year lease on a 4 series coupe and asked for a 'get out' figure after 6 months and was told £10k, and that's after paying 6 months of premium.
I do wish people would read and think before answering. Leasing has its place, but not with someone who might want out early on.
And whilst I'm ranting, OP himself says car would retail at a BMW dealer at 45k, so how is he being ripped off by being offered 40k? He's listed the costs they would incur to retail it, plus the costs of the shiny nice dealership, I am surprised they only want 5k in it. Based in those figures as well, it's lost 5k in 6 months. Quite acceptable for an expensive high performance car.
Remember also depreciation isn't linear, it's much higher the nearer you are to purchase time.
Your intelligence is wasted here, alas. Time to get out before we both catch Stupid.Friend of mine is on a 3 year lease on a 4 series coupe and asked for a 'get out' figure after 6 months and was told £10k, and that's after paying 6 months of premium.
I do wish people would read and think before answering. Leasing has its place, but not with someone who might want out early on.
And whilst I'm ranting, OP himself says car would retail at a BMW dealer at 45k, so how is he being ripped off by being offered 40k? He's listed the costs they would incur to retail it, plus the costs of the shiny nice dealership, I am surprised they only want 5k in it. Based in those figures as well, it's lost 5k in 6 months. Quite acceptable for an expensive high performance car.
Remember also depreciation isn't linear, it's much higher the nearer you are to purchase time.
HoHoHo said:
On 12k miles PA mine is give or take a few quid £27k over 36 months which I'm very happy with 
You got an exceptional deal there (as did a few others). I'm considering waiting until Q4 to see if the M5 comes down further although the current deal is decent enough when compared to PCP, depreciation is always a concern on M and AMG cars and I've had my fingers burned a few times, which is why the certainty of PCH or PCP has an appeal for my daily driver, despite the 'catch stupid' comments from the fella with the crack pipe. Blue62 said:
HoHoHo said:
On 12k miles PA mine is give or take a few quid £27k over 36 months which I'm very happy with
You got an exceptional deal there (as did a few others). I'm considering waiting until Q4 to see if the M5 comes down further although the current deal is decent enough when compared to PCP, depreciation is always a concern on M and AMG cars and I've had my fingers burned a few times, which is why the certainty of PCH or PCP has an appeal for my daily driver, despite the 'catch stupid' comments from the fella with the crack pipe. Sure, you're tied in for 24 or 36 months however providing you went in with your eyes open and it suited you it was the steal of a lifetime (at that time!).
I researched cars of a similar value/performance and not one marque could get near the deals BMW were offering during the last quarter of '13.
Nothing wrong with leasing a car per se; that was not where my post was directed. Don't be so sensitive, boys.
Obviously you're going to get burnt on any large, high performance/inefficient car produced in high volumes. Anyone who struggles with this concept needs their head checked and is more the point I was making. Indeed, it makes better sense to rent in these situations than to throw one's own money into an outright purchase; that way your risk is mitigated from the beginning, assuming the monthlies are acceptable.
Obviously you're going to get burnt on any large, high performance/inefficient car produced in high volumes. Anyone who struggles with this concept needs their head checked and is more the point I was making. Indeed, it makes better sense to rent in these situations than to throw one's own money into an outright purchase; that way your risk is mitigated from the beginning, assuming the monthlies are acceptable.
GreatPretender said:
Nothing wrong with leasing a car per se; that was not where my post was directed. Don't be so sensitive, boys.
Obviously you're going to get burnt on any large, high performance/inefficient car produced in high volumes. Anyone who struggles with this concept needs their head checked and is more the point I was making. Indeed, it makes better sense to rent in these situations than to throw one's own money into an outright purchase; that way your risk is mitigated from the beginning, assuming the monthlies are acceptable.
Absolutely.Obviously you're going to get burnt on any large, high performance/inefficient car produced in high volumes. Anyone who struggles with this concept needs their head checked and is more the point I was making. Indeed, it makes better sense to rent in these situations than to throw one's own money into an outright purchase; that way your risk is mitigated from the beginning, assuming the monthlies are acceptable.
Oh, and assuming you don't want to jump out after 6 months!
GreatPretender said:
Nothing wrong with leasing a car per se; that was not where my post was directed. Don't be so sensitive, boys.
Obviously you're going to get burnt on any large, high performance/inefficient car produced in high volumes. Anyone who struggles with this concept needs their head checked and is more the point I was making. Indeed, it makes better sense to rent in these situations than to throw one's own money into an outright purchase; that way your risk is mitigated from the beginning, assuming the monthlies are acceptable.
Absolutely.Obviously you're going to get burnt on any large, high performance/inefficient car produced in high volumes. Anyone who struggles with this concept needs their head checked and is more the point I was making. Indeed, it makes better sense to rent in these situations than to throw one's own money into an outright purchase; that way your risk is mitigated from the beginning, assuming the monthlies are acceptable.
Oh, and assuming you don't want to jump out after 6 months!
As the OP - I guess to some extent i did not appreciate the depreciation curve of six months as much as i should of.
Six months ago i also did not think i would be potentially trading it in. I had plans to be in the car for one years minimum whereby the curve was more agreeable.
Re-running the figures I may be keeping it - but it is hard to ignore the savings i would make.
M
Six months ago i also did not think i would be potentially trading it in. I had plans to be in the car for one years minimum whereby the curve was more agreeable.
Re-running the figures I may be keeping it - but it is hard to ignore the savings i would make.
M
Edited by MattStorey on Monday 21st July 10:15
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