BMW M6 deals

[JMBMWM5]

911F said:

Such a bizarre situation, as noted, there are cars out there a year old that are above the cost of what you can buy a new one for.

BMW dealers must know what is going on. I wonder if they would take low ball offers - £50k on a car up for £60k..

What would a BMW dealer say if you showed him your Broadspeed Print out?

It's well worth a try IMO, they can only say no. Might bite, i think they will take offers for sure.

[spunko2010]

911F said:

What would a BMW dealer say if you showed him your Broadspeed Print out?

I'll tell you what Coopers said when I did just that. 'Oh yes we were going to extend such a discount to you anyway'. Yeah, righty, of course you were. The look on the salesman face was a bit 'oh sh*t, he knows...'. The other time I tried it at another inchcape dealer, I was told 'Broadspeed are based up north and have different margins to us down south'. Promptly left and bought from another deal, this was for my current car.

In my humble opinion, anyone who doesn't look on drivethedeal/broadspeed/autoebid deserves to get ripped off, I can't see why anyone wouldn't. Customers are (generally) pretty savvy nowadays. and an M6 is a pretty specialist car - no little old lady is going to buy one at list price.

I think another reason that BMW are pricing used examples so high, is because it gives them a brand to 'showcase'. Quite often as the so-called 'halo' car they will place them in the windows etc to tempt people in. I'm not saying that an M6 has the same appeal with the everyman as a Ferrari but I once heard that something like 75% of people who go into a Ferrari dealership have no intention of buying they are just dreaming! Just my two cents, I don't think they expect to sell them given how unfavourably they compare to new.

Anyway back on track if I were buying an M6 right now (I'm still toying with the idea) I think I'd be pushing for £62-63k without options.

[IATM]

Schermerhorn said:

The black M6 at Sandal Huddersfield has been there for the best part of a year now. I remember test driving it last September. The mileage was pretty much what is it now, give or take a few hundred miles.

I have watched it come down almost £20,000 in 12 months and still no takers.

These things must be really hard to shift outside of a lease programme.

I imagine they are extremely hard to shift and even though its an M6 - many compare it to an M5 understandably and think why pay 15-20 more.

Someone has mentioned if its possible if an M6 is up for 60k to ask to get it for 50k. I think its rare but possible but you would need to beable to commit quickly!

[spunko2010]

IATM said:

I imagine they are extremely hard to shift and even though its an M6 - many compare it to an M5 understandably and think why pay 15-20 more.

Yes but that is the inherent problem, they are £15-£20k overpriced to start with, the premium that BMW added on is lunacy. Plus if you really want a 6 series, the non-M ones can be had for £40-£45k new.

Palmball incidentally not relevant to this forum but what do you think of AMG GT now it's been revealed?

Edited by spunko2010 on Thursday 11th September 22:04

[Palmball]

Fezzaman said:

I really do hope your car goes to a good home that appreciates how rare a spec it is. B&O is pretty hard to come by, even moreso combined with full leather too leave alone the CP/CCB/drivers pack which I'd never heard of. Over in the US loads seem to spec their F10/F12s to the hilt, but I guess everything's cheaper as well. I think I've only seen 1 M5 with a spec like yours, but it's a pre facelift so no CP. Certainly no M6s in any form

Thanks - I am surprised that it's had no offers, although I appreciate the colour combo might not be to everyones taste. I did hear that a couple of people who showed interest preferred to buy a lower spec brand new car for similar money.

[Palmball]

spunko2010 said:

Palmball incidentally not relevant to this forum but what do you think of AMG GT now it's been revealed?

I'm not sure at the moment - some pictures and angles looks good, others really don't. The GT will no doubt be a step up dynamically and it does have an magnificent interior but from pictures alone, I think I prefer the SLS's looks....but lets face it, neither are 'lookers' in the traditional sense. What they have is presence, yet the pictures of the GT don't really convey the width of it (which is the same as the SLS) and it's this which will give the car it's presence....I think I'll reserve judgement until I have the opportunity to see it in person.

The other question mark is the engine - the new 4.0 biturbo is the direct replacement for the 6.2 and it has big shoes to fill. I'm sure it'll be an outstanding car overall and therefore, as it's probably the only car which will tempt me out of the SLS, I should probably avoid driving it as long as I can!

[spunko2010]

Oh, not just me then. I was extremely disappointed by the photos, it looks like an SLK merged into an SLS ... which is probably the look they were after, but it doesn't look balanced or indeed 'premium' enough to my eyes. And quite why they thought that garish custard yellow would be a good choice to show off the car is beyond me - and I normally like yellow/gold cars!

Will wait and see one in the flesh but early signs are poor, far too bland

[sealtt]

Wow, I cannot believe the discounts they offer on new.

I bought a demo m6 cab from a bmw dealer for £70k at the end of last year (1k miles/5 months old) and I thought it was an ok deal. Can't believe they are listed below that for a new one!! 34k dealer deposit, crazy.

At 65k though this car is unreal value for money. The performance is ridiculous in what is still a practical luxury cruiser.

Probably going to sell mine this month to get something more exciting and with a bit more noise, might buy one again for £30k in a couple of years!!!

[IATM]

sealtt said:

Wow, I cannot believe the discounts they offer on new.

I bought a demo m6 cab from a bmw dealer for £70k at the end of last year (1k miles/5 months old) and I thought it was an ok deal. Can't believe they are listed below that for a new one!! 34k dealer deposit, crazy.

At 65k though this car is unreal value for money. The performance is ridiculous in what is still a practical luxury cruiser.

Probably going to sell mine this month to get something more exciting and with a bit more noise, might buy one again for £30k in a couple of years!!!

haha 30k might push it in a couple of years. I am sure once these get to 40k they will stay around there for a wee while and then drop to 30k and once again stay there for a while....

I think - you never know maybe they will be 30k in two year. I really wish that is the case

[sealtt]

IATM said:

haha 30k might push it in a couple of years. I am sure once these get to 40k they will stay around there for a wee while and then drop to 30k and once again stay there for a while....

I think - you never know maybe they will be 30k in two year. I really wish that is the case

Yeah that's probably right, well i'm staying away for now. Just selling mine and going to be a nice chunky loss for 9 months ownership!

[spunko2010]

9 months is a bad time to be selling, on a car of that price. Have you done the maths at selling now versus in 6 months? I know it's hard to predict but you've taken on the bulk of the depreciation in those 9 months, it kind of levels off (a bit!) into the second year. Or at least it did on a few cars I've owned, I sold my Rs5 at a 30k loss 8 months after I bought it, which was crazy as 6 months later I would have probably made 'only' around a £27k loss.

[sealtt]

spunko2010 said:

9 months is a bad time to be selling, on a car of that price. Have you done the maths at selling now versus in 6 months? I know it's hard to predict but you've taken on the bulk of the depreciation in those 9 months, it kind of levels off (a bit!) into the second year. Or at least it did on a few cars I've owned, I sold my Rs5 at a 30k loss 8 months after I bought it, which was crazy as 6 months later I would have probably made 'only' around a £27k loss.

WOW, you took a £30k loss on the RS5?? That is tough! The worst for me was £13k in 6 months on a used 911 turbo I think (bought for £40k!). Hope it was worth it if you sold to get something new? Even more painful to see it go up a little later on!!

To be honest I'm pretty tired of the M6, I bought it as a do-everything car - I've done 15k miles in the 9 months, loaded and unloaded it with boxes of stock more times than I can count, in addition to a couple of cruises with my partner & kid enjoying the cabrio aspect. I'm replacing it with a Range Rover Sport & Ferrari F430 Spider combo which should be much better suited to my lifestyle & work. So I guess i'll just take the hit as the cost of getting on with things. At least I bought an ex-demo model from BMW rather than brand new, still paid more than the brand new costs today but not by much.

Just SO pleased I got rejected for 0% finance when I placed my order for a brand new £125k SL63 last year! I think that would even challenge the RS5 hit if I were selling it today haha.

[spunko2010]

sealtt said:

WOW, you took a £30k loss on the RS5?? That is tough! The worst for me was £13k in 6 months on a used 911 turbo I think (bought for £40k!). Hope it was worth it if you sold to get something new? Even more painful to see it go up a little later on!!

To be honest I'm pretty tired of the M6, I bought it as a do-everything car - I've done 15k miles in the 9 months, loaded and unloaded it with boxes of stock more times than I can count, in addition to a couple of cruises with my partner & kid enjoying the cabrio aspect. I'm replacing it with a Range Rover Sport & Ferrari F430 Spider combo which should be much better suited to my lifestyle & work. So I guess i'll just take the hit as the cost of getting on with things. At least I bought an ex-demo model from BMW rather than brand new, still paid more than the brand new costs today but not by much.

Just SO pleased I got rejected for 0% finance when I placed my order for a brand new £125k SL63 last year! I think that would even challenge the RS5 hit if I were selling it today haha.

Yes, it was stupid, I still hate myself for buying it at full list price even now... I wanted to be 'first' to get it. In hindsight I think I've seen 2 or maybe 3 on the roads - 3 years later. But lesson learned.

[wnd]

sealtt said:

Yeah that's probably right, well i'm staying away for now. Just selling mine and going to be a nice chunky loss for 9 months ownership!

Will you trade it or sell privately? Either way I think you'll be lucky to get much into the 50s for it! One of the biggest problems is liquidity - there just isn't a market for these used. When I bought mine in March I took finance for the first time ever on a car, only because I saw it as a (paid for) option to get rid of the car at a fixed price and time that would suit in the future. We'll see how that plays out!

Do let us know how you get on.

[sealtt]

spunko2010 said:

Yes, it was stupid, I still hate myself for buying it at full list price even now... I wanted to be 'first' to get it. In hindsight I think I've seen 2 or maybe 3 on the roads - 3 years later. But lesson learned.

Ha I know what you mean. Despite all logic, sometimes it all seems worth it (usually when you are in the showroom). Shame that afterwards the logic starts to kick back in again....

wnd said:

Will you trade it or sell privately? Either way I think you'll be lucky to get much into the 50s for it! One of the biggest problems is liquidity - there just isn't a market for these used. When I bought mine in March I took finance for the first time ever on a car, only because I saw it as a (paid for) option to get rid of the car at a fixed price and time that would suit in the future. We'll see how that plays out!

Do let us know how you get on.

Well I just agreed a deal for the new car and I am going to trade mine in. I actually got £57k for it, so it's lost 12k over 9 months & 15k miles. I think that's OK given the new price these are available for now. One dealer I was looking at buying a 599GTB from was talking about bids of £59k-£60k for it, not sure where from though. Mine was a decent enough spec, maybe £6k of options, but still a surprising bid given the price these can be bought new.

I would say though, your decision to finance it with the guaranteed final value was a very good idea, I don't know I'd buy a car like this again without that option just to cap the loss.

But hey, think the BMW is bad... I was looking at an SLS, listed at £130k used, and the guaranteed value in 3 years time was £45k... Great car, but that is tough!

[Palmball]

sealtt said:

But hey, think the BMW is bad... I was looking at an SLS, listed at £130k used, and the guaranteed value in 3 years time was £45k... Great car, but that is tough!

Well I for one hope that doesn't end up reality...having just sold my M6 (at a great loss) and bought an SLS!

To be fair, the finance values on these are largely immaterial - we're not going to see £40k SLS's in a few years.

I had an SLS before the M6 last year and it lost almost nothing in the few months I had it. 18 months later and it cost me the same to buy one of similar age. Still, I wouldn't be buying one at £130k but I have taken a punt again that an SLS at a touch over the £100k mark shouldn't lose a great deal, especially given there's hardly any supply and it's out of production. The new AMG GT will either kick start depreciation or lock SLS prices down for the foreseeable.

[sealtt]

Palmball said:

Well I for one hope that doesn't end up reality...having just sold my M6 (at a great loss) and bought an SLS!

To be fair, the finance values on these are largely immaterial - we're not going to see £40k SLS's in a few years.

I had an SLS before the M6 last year and it lost almost nothing in the few months I had it. 18 months later and it cost me the same to buy one of similar age. Still, I wouldn't be buying one at £130k but I have taken a punt again that an SLS at a touch over the £100k mark shouldn't lose a great deal, especially given there's hardly any supply and it's out of production. The new AMG GT will either kick start depreciation or lock SLS prices down for the foreseeable.

Haha, I'm sure it won't, just had me stunned for a second when I was given the finance figures in the dealership. I would think an SLS will be OK though, can't see them dropping that hugely, especially the iconic coupe. The car is fantastic and has one of the best sounds on the road, I'd have loved the roadster but just didn't have the confidence to buy one at £130k and ideally I wanted a different style of car anyway, so went for a 430 spider.

Did you go for the SLS coupe or roadster?

[Dav_s]

Just went in to a BMW dealership near Heathrow and enquired about the M6. List price over £90k "but we can knock off £15k". I thought "Hmm, £15k is a big discount".

But then I came home and looked at this thread, which then led me to Broadspeed... on which they claim a saving of closer to £30k!!


Anyone recently taken the plunge? If so what sort of deal did you get?

[JMBMWM5]

Dav_s said:

Just went in to a BMW dealership near Heathrow and enquired about the M6. List price over £90k "but we can knock off £15k". I thought "Hmm, £15k is a big discount".

But then I came home and looked at this thread, which then led me to Broadspeed... on which they claim a saving of closer to £30k!!


Anyone recently taken the plunge? If so what sort of deal did you get?

See mine above this.
£34K is achievable.

[spunko2010]

JMBMWM5 said:

ee mine above this.
£34K is achievable.

I've not been able to get down to Broadspeed level discounts, but I've got close (£28k knocked off before extras). It got to the point where they just started dropping my p/x value.

I'm still umming and arring which I know dealers hate but it might mean a better deal. If anyone knows of a dealer in the SE that will do a deal on an M6 Coupe with £34k off please let me know! That's almost an extra 10% off.

I've never taken this long to buy a car, but it feels good taking your time and keeping the E92 for a little longer is no mean prospect.