Ouch. Serious depreciation.

Ouch. Serious depreciation.

Author
Discussion

edo

Original Poster:

16,699 posts

266 months

Saturday 25th January 2014
quotequote all
Liking the look of these in 6 months when the 640d goes back in the summer....

http://www.autotrader.co.uk/classified/advert/2014...

Quick spec on BMW.co.uk suggests this was about £103,000 list with competition pack which is nuts, but they are heading nicely in the right direction! £30k lost in about 2 tanks of fuel!!



There cars with a few thousand miles on for down as low as 55k too.

crazy about cars

4,454 posts

170 months

Saturday 25th January 2014
quotequote all
Now that's indeed serious depreciation! I could possibly even afford one in 2 years if trend continues.

trickywoo

11,900 posts

231 months

Saturday 25th January 2014
quotequote all
IMHO until it gets to around £20k in value the depreciation will remain epic.

crazy about cars

4,454 posts

170 months

Saturday 25th January 2014
quotequote all
Really wanted the F10 M5 before I've got my current E92 M3 but the prices are holding rather well but if the M6 drops to mid 30k in 2 years time I might be really interested.

Mr E

21,730 posts

260 months

Saturday 25th January 2014
quotequote all
Is anyone paying anything close to list for a new one?

crazy about cars

4,454 posts

170 months

Saturday 25th January 2014
quotequote all
I guess for such a car it would be wise to go the leasing route...

edo

Original Poster:

16,699 posts

266 months

Saturday 25th January 2014
quotequote all
You're certifiable if you are.

I estimate that my 640d MCoupe (2012, done 22k) is worth about £40k tops. I lease it, but had I bought it, I'd have lost £30k (less with some discount of course, but even so, still far more than my 2.5 year lease is costing).

Not as bad as the M, but still horrible!

Monkeylegend

26,526 posts

232 months

Saturday 25th January 2014
quotequote all
What mpg are you getting from the 640?

fatboy b

9,503 posts

217 months

Saturday 25th January 2014
quotequote all
I'm sorry, but no BMW is worth that money (£103k). They're no longer a premium brand imo.

edo

Original Poster:

16,699 posts

266 months

Saturday 25th January 2014
quotequote all
Monkeylegend said:
What mpg are you getting from the 640?
I havent reset it since i bought it. When first got it I'd stick it in eco mode, but that novelty quickly become boring!

With no effort, mixed driving and "enjoying" the car, it has a 21,000 mile reading of 39.2mpg.

I checked the computer by measuring fill to fill a few times and it was pretty accurate.

I think for a relatively large GT car, over 300bhp, that's pretty bloody good.

Real word if you potter along at 65 it will do 50mpg+. Pretty amazing I think.

Ozzie Osmond

21,189 posts

247 months

Saturday 25th January 2014
quotequote all
These cars are a stunning used buy. I've been aware of them for a while but unfortunately just not the bag that I'm into.

Monkeylegend

26,526 posts

232 months

Saturday 25th January 2014
quotequote all
That is very good for a car of that size and performance. All I need is for them to depreciate a bit faster.

marky1

1,047 posts

197 months

Saturday 25th January 2014
quotequote all
Read somewhere you can get 20% off list so perhaps not 30k depreciation.

ImaginativeTruth

10 posts

124 months

Saturday 25th January 2014
quotequote all
Dealer contribution on these is £18k without asking - I have seen on these forums some getting up to £27k off list. Speaking to dealer they said in explanation that BMW wants 'halo' cars at the price point advertised, but realise they need to discount 'behind scenes' to sell.

When second hand comes around - people think of epic depreciation but the car was never sold at list.

Joffery666

305 posts

131 months

Saturday 25th January 2014
quotequote all
fatboy b said:
I'm sorry, but no BMW is worth that money (£103k). They're no longer a premium brand imo.
What brand is worth over 100k?.... an Audi!? Lol

Ozzie Osmond

21,189 posts

247 months

Saturday 25th January 2014
quotequote all
ImaginativeTruth said:
When second hand comes around - people think of epic depreciation but the car was never sold at list.
That might be true but doesn't explain why examples bought used continue to depreciate with the same savagery. Expensive exec' cars have always been heavy depreciators. Maserati Quattroporte, Sir?

The good thing about the BMW is that it's not too "exotic" when it comes to getting it fixed and there are plenty of dealers. Don't expect repairs to be cheap though.

Good value if it's the type of car you want.

RevoEvo7

26 posts

124 months

Saturday 25th January 2014
quotequote all
fatboy b said:
I'm sorry, but no BMW is worth that money (£103k). They're no longer a premium brand imo.
I think you may be confusing the word premium with exclusive as BMW are and always will be a premium brand. Common and mainstream, but still premium.

This depreciation lark has been going on for years, look at the recent Merc CL. If you can afford to buy and run a new 6-Series and you do, you're not going to be fazed by depreciation.

fatboy b

9,503 posts

217 months

Saturday 25th January 2014
quotequote all
RevoEvo7 said:
fatboy b said:
I'm sorry, but no BMW is worth that money (£103k). They're no longer a premium brand imo.
I think you may be confusing the word premium with exclusive as BMW are and always will be a premium brand. Common and mainstream, but still premium.

This depreciation lark has been going on for years, look at the recent Merc CL. If you can afford to buy and run a new 6-Series and you do, you're not going to be fazed by depreciation.
No confusion here. It's no longer premium.

POORCARDEALER

8,527 posts

242 months

Saturday 25th January 2014
quotequote all

You can get circa £25K off list on a new one at the min as a start

fatboy b

9,503 posts

217 months

Saturday 25th January 2014
quotequote all
POORCARDEALER said:
You can get circa £25K off list on a new one at the min as a start
Oooh. £78k for an ugly car. Let me think about that for a nano-second. rolleyes