1st M3 under 35k is here !!!!
Discussion
Well its happened we are now seeing the first of the new M3's coming in under the £35k mark...Anyone know this car or dealer?? Comments please.
http://www.pistonheads.co.uk/sales/675099.htm
http://www.pistonheads.co.uk/sales/675099.htm
bullrunner said:
Well its happened we are now seeing the first of the new M3's coming in under the £35k mark...Anyone know this car or dealer?? Comments please.
http://www.pistonheads.co.uk/sales/675099.htm
It didn't hang around long!http://www.pistonheads.co.uk/sales/675099.htm
Mclovin said:
What will the prices be like when we get in this recession everyone is talking about and the new tax changes come into effect? Their starting to look like bargains, making a GTR look expensive.
When we get into recession??!! It started 9 months ago, I'm in retail and also supply retailers and we tend to see it before anyone else. Everyone I speak to said they noticed it happen overnight.
Problem is no one really sees a recession until it hits them personally, it isn't until your mortgage deal runs out, or you go to transfer a credit card or swap cars and realise that the cost of lending has gone up seriously that is really hits home.
£1000 mortgage at 2% below base will becomes a £1500 mortgage, combine that with an increase of £75 a month for gas, another £150 a month for fuel and it starts to eat into your disposable income quite rapidly.
But it's alright as you have £100k equity in your house, not any more, now more like £30-50k and the lenders are asking for £70% loan to value to get even a half decent deal, and you no longer have that so you have to take a slightly higher lending rate, so you are now paying £1600 a month.
I'm not dericting that at anyone on here, but for a lot of people who maybe had £2k spare each month and could afford to be spending £900 a month on an M3, well that spare money is down to around £1400, £900 is just not doable any more, could strecth to maybe £600? And that is driving the prices down, they find their own price point based on what the masses can really afford, not what they are worth.
gizlaroc said:
Mclovin said:
What will the prices be like when we get in this recession everyone is talking about and the new tax changes come into effect? Their starting to look like bargains, making a GTR look expensive.
When we get into recession??!! It started 9 months ago, I'm in retail and also supply retailers and we tend to see it before anyone else. Everyone I speak to said they noticed it happen overnight.
Problem is no one really sees a recession until it hits them personally, it isn't until your mortgage deal runs out, or you go to transfer a credit card or swap cars and realise that the cost of lending has gone up seriously that is really hits home.
£1000 mortgage at 2% below base will becomes a £1500 mortgage, combine that with an increase of £75 a month for gas, another £150 a month for fuel and it starts to eat into your disposable income quite rapidly.
But it's alright as you have £100k equity in your house, not any more, now more like £30-50k and the lenders are asking for £70% loan to value to get even a half decent deal, and you no longer have that so you have to take a slightly higher lending rate, so you are now paying £1600 a month.
I'm not dericting that at anyone on here, but for a lot of people who maybe had £2k spare each month and could afford to be spending £900 a month on an M3, well that spare money is down to around £1400, £900 is just not doable any more, could strecth to maybe £600? And that is driving the prices down, they find their own price point based on what the masses can really afford, not what they are worth.
To compound things, with the current car, I think BMW have got their pricing wrong. My new M3 cost £14k more than my E46 version four years previously yet, when I specced a new MK2997S recently, it only came to £2k more than a similar specced car four years ago.
Edited several times for truly appalling spelling - as usual!
Edited by Pugsey on Wednesday 27th August 12:21
Edited by Pugsey on Wednesday 27th August 12:23
dazren said:
Ex Ecurie 25 car.
At a dealership that hasn't been able to secure a contract to provide finance.Run, run, as fast as you can...
Edited by J111 on Wednesday 27th August 12:22
gizlaroc said:
Mclovin said:
What will the prices be like when we get in this recession everyone is talking about and the new tax changes come into effect? Their starting to look like bargains, making a GTR look expensive.
When we get into recession??!! It started 9 months ago, I'm in retail and also supply retailers and we tend to see it before anyone else. Everyone I speak to said they noticed it happen overnight.
Problem is no one really sees a recession until it hits them personally, it isn't until your mortgage deal runs out, or you go to transfer a credit card or swap cars and realise that the cost of lending has gone up seriously that is really hits home.
£1000 mortgage at 2% below base will becomes a £1500 mortgage, combine that with an increase of £75 a month for gas, another £150 a month for fuel and it starts to eat into your disposable income quite rapidly.
But it's alright as you have £100k equity in your house, not any more, now more like £30-50k and the lenders are asking for £70% loan to value to get even a half decent deal, and you no longer have that so you have to take a slightly higher lending rate, so you are now paying £1600 a month.
I'm not dericting that at anyone on here, but for a lot of people who maybe had £2k spare each month and could afford to be spending £900 a month on an M3, well that spare money is down to around £1400, £900 is just not doable any more, could strecth to maybe £600? And that is driving the prices down, they find their own price point based on what the masses can really afford, not what they are worth.
Mclovin said:
gizlaroc said:
Mclovin said:
What will the prices be like when we get in this recession everyone is talking about and the new tax changes come into effect? Their starting to look like bargains, making a GTR look expensive.
When we get into recession??!! It started 9 months ago, I'm in retail and also supply retailers and we tend to see it before anyone else. Everyone I speak to said they noticed it happen overnight.
Problem is no one really sees a recession until it hits them personally, it isn't until your mortgage deal runs out, or you go to transfer a credit card or swap cars and realise that the cost of lending has gone up seriously that is really hits home.
£1000 mortgage at 2% below base will becomes a £1500 mortgage, combine that with an increase of £75 a month for gas, another £150 a month for fuel and it starts to eat into your disposable income quite rapidly.
But it's alright as you have £100k equity in your house, not any more, now more like £30-50k and the lenders are asking for £70% loan to value to get even a half decent deal, and you no longer have that so you have to take a slightly higher lending rate, so you are now paying £1600 a month.
I'm not dericting that at anyone on here, but for a lot of people who maybe had £2k spare each month and could afford to be spending £900 a month on an M3, well that spare money is down to around £1400, £900 is just not doable any more, could strecth to maybe £600? And that is driving the prices down, they find their own price point based on what the masses can really afford, not what they are worth.
pwafer said:
dazren said:
Ex Ecurie 25 car.
Ouch !I bought a BMW (UK) car for just under £40k, well spec'd, 1yr old, 7.7k on the clock...
They are coming down in price for sure... let's hope they start slowing down as the £30k point is reached.
P
It makes the minimum guaranteed value that BMW have set for my M3 look ridiculous. Bearing in mind I still have 18 months to run on the finance deal it looks like BMW might have shot them themselves in the foot.
edited to say that regardless of whether you paid 35k or 50k its still a hell of a machine.
edited to say that regardless of whether you paid 35k or 50k its still a hell of a machine.
Edited by noble3r on Thursday 28th August 01:16
noble3r said:
regardless of whether you paid 35k or 50k its still a hell of a machine.
Edited by noble3r on Thursday 28th August 01:16
I agree! But you're on the wrong Forum here mate - ever since the car's launch ALL they've talked about is depreciation. Very sad and frankly, very What Car. I agree! But you're on the wrong Forum here mate - ever since the car's launch ALL they've talked about is depreciation. Very sad and frankly, very What Car.[/quote]
That will be the case until they are very affordable and then they'll be the best thing slice bread, look great, worth every penny and never depreciate. At the end of the day someone has to buy cars for the love of driving rather than always watching the 'bottom line'. Similar story to the CSL with a few minor differences....
At the end of the day the prestige used car market is not too chipper and Bimmers E92 M3 pricing hasn't helped. If you can make the most of it then good luck to you. If not sell the car and start crying into your beer, and then look to better times.
Me, I'm still enjoying mine.
GameOverMan! said:
I agree! But you're on the wrong Forum here mate - ever since the car's launch ALL they've talked about is depreciation. Very sad and frankly, very What Car.At the end of the day the prestige used car market is not too chipper and Bimmers E92 M3 pricing hasn't helped. If you can make the most of it then good luck to you. If not sell the car and start crying into your beer, and then look to better times.
Me, I'm still enjoying mine.
squeezebm said:
GameOverMan! said:
I agree! But you're on the wrong Forum here mate - ever since the car's launch ALL they've talked about is depreciation. Very sad and frankly, very What Car.At the end of the day the prestige used car market is not too chipper and Bimmers E92 M3 pricing hasn't helped. If you can make the most of it then good luck to you. If not sell the car and start crying into your beer, and then look to better times.
Me, I'm still enjoying mine.
Edited to say now I seem to have nicked squeezebm's quote - wot's going on.
Edited by Pugsey on Thursday 28th August 20:54
Gassing Station | M Power | Top of Page | What's New | My Stuff