Why shouldn't I buy an F10 535d?

Why shouldn't I buy an F10 535d?

Author
Discussion

drmark

4,840 posts

186 months

Tuesday 2nd June 2015
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apotts said:
Agreed, 30k on an old one is all wrong (which is why I bought new with a massive discount).

35i was tempting, with tco about the same with my huge mileage.
30 for a 4 year is top dollar. 25k seems realistic and that is BMW AUC prices. Private sales early 20's for a good one IMO.

VerySideways

10,238 posts

272 months

Tuesday 2nd June 2015
quotequote all
drmark said:
apotts said:
Agreed, 30k on an old one is all wrong (which is why I bought new with a massive discount).

35i was tempting, with tco about the same with my huge mileage.
30 for a 4 year is top dollar. 25k seems realistic and that is BMW AUC prices. Private sales early 20's for a good one IMO.
Have you seen AUC prices?
10/60/11 plates start from £26k, most are £30k give or take a grand or two.
EDIT: sorry, i'm talking about F11 prices...

Welshbeef

49,633 posts

198 months

Tuesday 2nd June 2015
quotequote all
drmark said:
30 for a 4 year is top dollar. 25k seems realistic and that is BMW AUC prices. Private sales early 20's for a good one IMO.
For the saloon sounds about right.

I guess one issue now is the E60 535ds they are occupying the up to £20k territory so the depreciation curve should be fairly shallow ongoing - thanks Mr 1st time buyer for my car smile.

Bincenzo

Original Poster:

2,606 posts

179 months

Tuesday 2nd June 2015
quotequote all
VerySideways said:
Have you seen AUC prices?
10/60/11 plates start from £26k, most are £30k give or take a grand or two.
EDIT: sorry, i'm talking about F11 prices...
Agreed, having been stalking the AUC sites and the usual trader sites, cheapest are £27k upwards, often not spec'd particularly highly or with high mileage. £30k is strong money for a five yo car, but they are the prices sadly. Having been looking hard, I can get a virtually brand new 330d touring for that. That said, I'm still looking at the 535d. Someone mention huge new discounts, please enlighten me........

Fox-

13,238 posts

246 months

Tuesday 2nd June 2015
quotequote all
Bincenzo said:
Agreed, having been stalking the AUC sites and the usual trader sites, cheapest are £27k upwards, often not spec'd particularly highly or with high mileage. £30k is strong money for a five yo car, but they are the prices sadly. Having been looking hard, I can get a virtually brand new 330d touring for that. That said, I'm still looking at the 535d. Someone mention huge new discounts, please enlighten me........
The used prices of these cars makes no sense. I really dont understand it. How are they shifting these cars at 3-5 years old for so much money when a brand new one is barely any more money. It's nuts.

drmark

4,840 posts

186 months

Tuesday 2nd June 2015
quotequote all
Fox- said:
The used prices of these cars makes no sense. I really dont understand it. How are they shifting these cars at 3-5 years old for so much money when a brand new one is barely any more money. It's nuts.
They must have huge spread on them. Part ex prices at BMW dealers are in late teens for 2011 cars from my experience.

Welshbeef

49,633 posts

198 months

Tuesday 2nd June 2015
quotequote all
drmark said:
They must have huge spread on them. Part ex prices at BMW dealers are in late teens for 2011 cars from my experience.
I guess though it is a car to buy and keep long term

Let's say it loses £5k per year there is no way a 8 year old loaded 535d M sport F10/11 will be worth £5k... It will be a very slow glide down to £10-12k and given the E60 535d's around I'd wager unless they become worthless or somehow the F10/11 becomes less desirable than the E60/61 then that will be its kind of floor.

VerySideways

10,238 posts

272 months

Wednesday 3rd June 2015
quotequote all
Bincenzo said:
Agreed, having been stalking the AUC sites and the usual trader sites, cheapest are £27k upwards, often not spec'd particularly highly or with high mileage. £30k is strong money for a five yo car, but they are the prices sadly. Having been looking hard, I can get a virtually brand new 330d touring for that. That said, I'm still looking at the 535d. Someone mention huge new discounts, please enlighten me........
How about £12k off a new 535d touring?
https://broadspeed.com/CarView/BMW/5-Series/37236/...

drmark

4,840 posts

186 months

Wednesday 3rd June 2015
quotequote all
Welshbeef said:
I guess though it is a car to buy and keep long term

Let's say it loses £5k per year there is no way a 8 year old loaded 535d M sport F10/11 will be worth £5k... It will be a very slow glide down to £10-12k and given the E60 535d's around I'd wager unless they become worthless or somehow the F10/11 becomes less desirable than the E60/61 then that will be its kind of floor.
Mine went from 53k new (56k list - I got a 3 k discount) in May 2011 to 19500 part ex against heavily discounted F31 (nearly 10k off) Jan this year. Mileage 72,000. So around 9k depreciation per year.

Welshbeef

49,633 posts

198 months

Wednesday 3rd June 2015
quotequote all
drmark said:
Mine went from 53k new (56k list - I got a 3 k discount) in May 2011 to 19500 part ex against heavily discounted F31 (nearly 10k off) Jan this year. Mileage 72,000. So around 9k depreciation per year.
So £9k pa new car depreciation or £5k pa 4 year old version. - makes sense as it's also practically 50% of its new value and this is maybe what people are missing 3/4 year old holds 45% ish of its value then add in the slightly higher desirability factor and rarity factor of the 535d then the £30k for a 4 year old isn't too far out of kilter.
Go further then your talking Vauxhall or worse residuals on what is the top of the range diesel UK 5 series

Plenty of people are paying £12k and more for E46 M3's which are 10-16 years old and "only" cost £35k new .... Same logic as they (numbers wise) are run of the mill cars.

abarber

1,686 posts

241 months

Thursday 4th June 2015
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Welshbeef said:
So £9k pa new car depreciation or £5k pa 4 year old version. - makes sense as it's also practically 50% of its new value and this is maybe what people are missing 3/4 year old holds 45% ish of its value then add in the slightly higher desirability factor and rarity factor of the 535d then the £30k for a 4 year old isn't too far out of kilter.
Go further then your talking Vauxhall or worse residuals on what is the top of the range diesel UK 5 series

Plenty of people are paying £12k and more for E46 M3's which are 10-16 years old and "only" cost £35k new .... Same logic as they (numbers wise) are run of the mill cars.
Not really a good comparison. The 535d will depreciate to zero, unlike good examples of used M models, many of which (though not all by any means), will continue to be in demand from enthusiasts.

Unless you are doing 20k+ miles, you could well be better off with a thirsty V8 alternative that holds it value better. Particularly if the man maths is strong with you wink

Welshbeef

49,633 posts

198 months

Thursday 4th June 2015
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abarber said:
Not really a good comparison. The 535d will depreciate to zero, unlike good examples of used M models, many of which (though not all by any means), will continue to be in demand from enthusiasts.

Unless you are doing 20k+ miles, you could well be better off with a thirsty V8 alternative that holds it value better. Particularly if the man maths is strong with you wink
You say that but my old RS6 cost me £0.33 per mile in fuel alone the 535d is costing me £0.113 per mile and I only refuel every 600-650miles.

Refuel the RS6 every 220-250 miles

Big big difference

Fox-

13,238 posts

246 months

Thursday 4th June 2015
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Only an extra 20p a mile, bargain!

Welshbeef

49,633 posts

198 months

Thursday 4th June 2015
quotequote all
Fox- said:
Only an extra 20p a mile, bargain!
Lots of pros
Insanely fast everywhere
Wonderful noise
The fact that people would talk to you about the car /know what it is
Looking forward to starting it up for the noise
Tunnels
Idiots in 2ltr TDis who think they are fast bumper kissing you on the M way then you just open the taps and LOL look back and the are 1/4 mile plus behind. Oddly when you slow down they eventually catchup and look utterly frustrated at the wheel
The fact your driving an icon
The brakes wow the brakes
The totally flat cornering


Cons
Fuel cost
Fuel usage meaning lots of time at a petrol station
Consumables are consumed at a shockingly fast rate
The holy fk if the gearbox goes
The holy fk if anything goes wrong it's mega money
The ride so good on smooth surfaces but properly painful on most UK roads

VerySideways

10,238 posts

272 months

Thursday 4th June 2015
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Thankfully a 550i is likely to be much less costly than an RS6...

Welshbeef

49,633 posts

198 months

Thursday 4th June 2015
quotequote all
VerySideways said:
Thankfully a 550i is likely to be much less costly than an RS6...
Don't doubt that one bit and in sure it's a lovely lovely car - however I'm pretty sure no one has lister after one or had it as a must own at some point in your life car even if only for a week or if you walked past one you'd stop and admire it.

That's the key difference an iconic car

abarber

1,686 posts

241 months

Friday 5th June 2015
quotequote all
Welshbeef said:
You say that but my old RS6 cost me £0.33 per mile in fuel alone the 535d is costing me £0.113 per mile and I only refuel every 600-650miles.

Refuel the RS6 every 220-250 miles

Big big difference
Sure, depending on how many miles you do and the depreciation you suffer.

Buy a second hand C63AMG 507 or ex demo 535d for 40k, run for three years and do 30k miles. That would work out as 8.8k petrol at 20mpg for the C63, say 40mpg and 4.4k in the smelly stuff for the 535d oil burner.

If after three years, the 507 was still worth 20k, rather than 15k for the 535d, the total cost of ownership for the 507 would be 28.8k over the three years, vs 29k for the 535d.

Sure there are plenty of other costs and you do need to exercise some man maths at times, but this is based on a decision I had to make recently.

The C63 is awesome and actually working out cheaper than I thought and is obviously, on another planet to own / drive. Sure it eats tyres, but they are smaller and cheaper than a 535d. Even padgid brake discs are remarkably cheap at a couple of hundred for a front pair for a normal C63, although the 507 can cost a lot more here.

Wills2

22,832 posts

175 months

Friday 5th June 2015
quotequote all
Fuel costs for the 335d circa 16p per mile the M5 costs circa 24p, so over a year the difference is about a couple of grand.




Welshbeef

49,633 posts

198 months

Friday 5th June 2015
quotequote all
Wills2 said:
Fuel costs for the 335d circa 16p per mile the M5 costs circa 24p, so over a year the difference is about a couple of grand.



How on earth is your 335d 41% more than my 535d F10 Pre LCI?

I'm putting in standard supermarket diesel as in years of usage and personal trails I've found no difference at all in the "premium" diesel fuel apart from it costing more.

Do you buy fuel in motorway service stations?

Jobbo

12,972 posts

264 months

Friday 5th June 2015
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I've been managing 16p/mile in my 535i - 32mpg at 112.9p/litre. Your 11.3p/mile sounds optimistic to me; that's 48mpg at 117.9p/litre.