M6 Depreciation
Discussion
Lostprophet said:
Why is the new M6 depreciating so heavily?
£100k new, 3 years old and they are around the £46-49k mark.
No one paid 100k for these cars, they were bought with big discounts and 0% finance, prices between 70-75k including options were possible. I paid less for my M6GCP in Jan 14 than I did for my previous M5 bought in late 2011. £100k new, 3 years old and they are around the £46-49k mark.
On the used market its just a big petrol engined car, high running cost/insurance/car tax etc...hence limited second hand appeal at the 45-50k mark, still a heap of depreciation to go and if you were buying with a BMW approved used 10% APR PCP finance not a lot cheaper monthly payments than a discounted new car at 0% finance. Ultimately price follows demand doesn't it? Can't be that many buyers out there for a 2 yr old M6?
True, selling price is £76k for a £100-110k spec car.
I will be on the market soon for a new car. I like the RS6 but I dont want to spend £58-60k on a 2013 used one. I dont see these falling to £50k anytime soon. They seem to be holding their value really well.
The M6 coupe looks very tempting at £45k for a 2012. I guess there will be much room for haggling down more.
The flip slide is if the M6 loses so much, it is likely to continue to lose and I will see that on resale.
I will be on the market soon for a new car. I like the RS6 but I dont want to spend £58-60k on a 2013 used one. I dont see these falling to £50k anytime soon. They seem to be holding their value really well.
The M6 coupe looks very tempting at £45k for a 2012. I guess there will be much room for haggling down more.
The flip slide is if the M6 loses so much, it is likely to continue to lose and I will see that on resale.
My deal has the final balloon payment after 48 m at 15000 miles a year as £23k so even BMW must know/predict that a 4 yr old M6GCP with 60000 miles on clock is only worth 23k, hence these cars for sale at 46k now for a 2-3 yr old car still have a further 50% depreciation hit to come by the time they are 4 yrs old and 60000 miles
Don't know what it is about the bigger BMW M cars compared with the audis. To my knowledge the RS6 never had big discounts or finance deals to same level, I presume that mirrors fact that their used prices now are still holding up much better. I may not like to admit it as a signed up BMW M fanboy but are the prices firmer on the RS6 because the market views them as better products and more desirable?
Don't know what it is about the bigger BMW M cars compared with the audis. To my knowledge the RS6 never had big discounts or finance deals to same level, I presume that mirrors fact that their used prices now are still holding up much better. I may not like to admit it as a signed up BMW M fanboy but are the prices firmer on the RS6 because the market views them as better products and more desirable?
Both the new and old model retailed around 100k.
A 2012/2013 car is 45k. A 2007 car is £17k.
I guess between 3 years old to 8 years old they lose 6k p.a.
Also, the RS6 is more useable than the M6. I guess the estate form makes it more practical too. That said the interior of the M6 is a nicer place than the RS6.
Audi discount about 12-13% off a new car where as bmw discount 25-30pc.
A 2012/2013 car is 45k. A 2007 car is £17k.
I guess between 3 years old to 8 years old they lose 6k p.a.
Also, the RS6 is more useable than the M6. I guess the estate form makes it more practical too. That said the interior of the M6 is a nicer place than the RS6.
Audi discount about 12-13% off a new car where as bmw discount 25-30pc.
Lostprophet said:
Why is the new M6 depreciating so heavily?
£100k new, 3 years old and they are around the £46-49k mark.
You could argue a car retaining nearly 50% of purchase cost is actually quite good. If you factor in that most of these were bought new sub £80k then the percentage retained residual is quite high.£100k new, 3 years old and they are around the £46-49k mark.
Lostprophet said:
2013 RS6 60k, a 2008 RS6 with 50k on the clock is £25k.
That's £35k over 5 years, making it 7k p.a.
Over 5 years then the BMW loses less in total, by £5k.
Which now gives (as is always the case) Audi a huge headache & will cause the used values on C7 RS6's to tumble.That's £35k over 5 years, making it 7k p.a.
Over 5 years then the BMW loses less in total, by £5k.
For whatever reason Audi offer support for their RS brand at the end of the lifecycle, however BMW chose the opposite. What this now means is the current 2013/14 used cars were bought near list when new so somewhat over inflated prices & thus when selling used the seller wants the expected equivalent of 50% over 3yrs so these cars are up close to £60k now as where £85k+ new. The problem is a brand new one can now bought for around £60-62k so what would you choose? Also worth noting the Facelift cars (late MY15) have more kit than the earlier cars so again the draw to buy new is huge when you'd get a newer & potentially better car for the same price as a 2yr old example.
W8PMC said:
Which now gives (as is always the case) Audi a huge headache & will cause the used values on C7 RS6's to tumble.
For whatever reason Audi offer support for their RS brand at the end of the lifecycle, however BMW chose the opposite. What this now means is the current 2013/14 used cars were bought near list when new so somewhat over inflated prices & thus when selling used the seller wants the expected equivalent of 50% over 3yrs so these cars are up close to £60k now as where £85k+ new. The problem is a brand new one can now bought for around £60-62k so what would you choose? Also worth noting the Facelift cars (late MY15) have more kit than the earlier cars so again the draw to buy new is huge when you'd get a newer & potentially better car for the same price as a 2yr old example.
Were can you buy a New RS6 for £62K, I would have one.For whatever reason Audi offer support for their RS brand at the end of the lifecycle, however BMW chose the opposite. What this now means is the current 2013/14 used cars were bought near list when new so somewhat over inflated prices & thus when selling used the seller wants the expected equivalent of 50% over 3yrs so these cars are up close to £60k now as where £85k+ new. The problem is a brand new one can now bought for around £60-62k so what would you choose? Also worth noting the Facelift cars (late MY15) have more kit than the earlier cars so again the draw to buy new is huge when you'd get a newer & potentially better car for the same price as a 2yr old example.
W8PMC said:
Which now gives (as is always the case) Audi a huge headache & will cause the used values on C7 RS6's to tumble.
For whatever reason Audi offer support for their RS brand at the end of the lifecycle, however BMW chose the opposite. What this now means is the current 2013/14 used cars were bought near list when new so somewhat over inflated prices & thus when selling used the seller wants the expected equivalent of 50% over 3yrs so these cars are up close to £60k now as where £85k+ new. The problem is a brand new one can now bought for around £60-62k so what would you choose? Also worth noting the Facelift cars (late MY15) have more kit than the earlier cars so again the draw to buy new is huge when you'd get a newer & potentially better car for the same price as a 2yr old example.
I guess the price difference in a 2 year old car and a 3 year old car is quite big then. I dont want to stretch to a 2 year old car knowing full well by year 3 it will have lost buckets load. For whatever reason Audi offer support for their RS brand at the end of the lifecycle, however BMW chose the opposite. What this now means is the current 2013/14 used cars were bought near list when new so somewhat over inflated prices & thus when selling used the seller wants the expected equivalent of 50% over 3yrs so these cars are up close to £60k now as where £85k+ new. The problem is a brand new one can now bought for around £60-62k so what would you choose? Also worth noting the Facelift cars (late MY15) have more kit than the earlier cars so again the draw to buy new is huge when you'd get a newer & potentially better car for the same price as a 2yr old example.
How much is a brand new M6 available from BMW? Still around the £75-80k mark.
Lostprophet said:
I guess the price difference in a 2 year old car and a 3 year old car is quite big then. I dont want to stretch to a 2 year old car knowing full well by year 3 it will have lost buckets load.
How much is a brand new M6 available from BMW? Still around the £75-80k mark.
Not any more as far as I know, 90K now minimum unless things have changed recently.How much is a brand new M6 available from BMW? Still around the £75-80k mark.
jcolley said:
I hate to say it, but just wait until these beasts start reaching their end of warranty. The absurd labor costs will cause repair bills of a car which technologically makes the E63 look archaic will drive the depreciation much harder just as the E6x cars have.
I agree. These new M5 and M6 models are way more reliable than the previous V10s but they are also WAAYYY more complicated too. If I was getting one, I'd negotiate a 2 year warranty and try and sell it before that warranty expired or if it was still under sub 60,000 miles renew the warranty and keep it another year.
Great cars but the tech on these makes the E6x S85s look like dinosaurs.
JMBMWM5 said:
ere can you buy a New RS6 for £62K, I would have one.
List price is £79k but Audi are giving a £7k deposit contribution effectively bringing them down to £72k list before negotiating discount. Using the likes of carwow and orangewheels, it's possible to get upto another £5k from the right dealer bringing the base price down to circa £67k. (W8PMC is mistaken with his £60-£62k quote)For a base car, I would say £67k is good value for money. As soon as you start ticking the options boxes though, the price starts to rocket, with all boxes ticked, you can turn the car into a £140k money pit.
True though, the earliest July 13 cars are being advertised for around the £60k mark currently.
Gassing Station | M Power | Top of Page | What's New | My Stuff