640D depreciation
Discussion
The current 6 series has taken an battering on re-sale depreciation.
A relatively well spec'd 640D M-sport with average miles can be picked up with a year or so warranty from mid £30k's which for a car with a list price over £70k is quite a hit. Not nice if you bought one new.
On the flip side, if you're in the used car market, that seems like an awful lot of car for that money.
Interested to hear BMW aficionado's opinion on whether the depreciation will tail off after having such a steep initial decline or keep on plummeting?
A relatively well spec'd 640D M-sport with average miles can be picked up with a year or so warranty from mid £30k's which for a car with a list price over £70k is quite a hit. Not nice if you bought one new.
On the flip side, if you're in the used car market, that seems like an awful lot of car for that money.
Interested to hear BMW aficionado's opinion on whether the depreciation will tail off after having such a steep initial decline or keep on plummeting?
I'm in the market for a F10 530/5d and I keep finding these 640d's for ten grand more with half the age athird the miles and twice the spec.
Pity I need rear doors. In two years time there might well be a Gran Coupe with my name on it if they follow the same curve as the two doors. There was a news unregistered Gran Coupe 640d M sport in white on the showroom floor last week that already had a 'dealer contribution' of £17,000 in the window..
Pity I need rear doors. In two years time there might well be a Gran Coupe with my name on it if they follow the same curve as the two doors. There was a news unregistered Gran Coupe 640d M sport in white on the showroom floor last week that already had a 'dealer contribution' of £17,000 in the window..
That was my thinking, must tail off now, its had a big hit already.
Got a bit of a slating for being dull to drive in the media, which probably helped put nails in the coffin of new sales.
I did note that nearly all of the test cars on the negative reviews at the four wheel steering, so I'm not sure if standard steering is an improvement on handling. I couldn't help feeling they were being overly negative, can't be that bad.
I'm quite tempted with one for a while as have some big journeys coming up, was thinking 6-12 months and pass on before it takes too much more of a hit.
The only thing that puts me off is the size, its freaking massive compared to my 3 series coupe.
Got a bit of a slating for being dull to drive in the media, which probably helped put nails in the coffin of new sales.
I did note that nearly all of the test cars on the negative reviews at the four wheel steering, so I'm not sure if standard steering is an improvement on handling. I couldn't help feeling they were being overly negative, can't be that bad.
I'm quite tempted with one for a while as have some big journeys coming up, was thinking 6-12 months and pass on before it takes too much more of a hit.
The only thing that puts me off is the size, its freaking massive compared to my 3 series coupe.
handbraketurn said:
A relatively well spec'd 640D M-sport with average miles can be picked up with a year or so warranty from mid £30k's which for a car with a list price over £70k is quite a hit. Not nice if you bought one new.
That assumes those people paid £70k, from my experience buying my GC shortly after release, I doubt many did. If you look back through posts about finance deals, there were a few on the 6 series bringing actual price paid close to the top end of the 5's or even 3's. Moreover almost from the very beginning "AUC" (quotes since they were essentially new) had hefty discounts bringing them close to the top end of the 5's. RRPs are really becoming irrelevant these days, other then getting you stung if its a company car. On the 6 if you calculate depreciation based on price likely paid (the finance deals and "AUC" cars give you a clue), its pretty much in line with any big "premium" car. Still a swift kick in the nuts mind
Edited by 5to1 on Monday 7th April 12:31
Bmw have been running massive dealer/bmw contribution for a while - 15k as a minimum. The coupe is also the least popular sales wise with the GC and conv being the sellers.
There are a few GC now sub 40k which when you compare it to some BMWs is a bargain.
I think (and hope) things will level off now with maybe just a 5k drop per year.
There are a few GC now sub 40k which when you compare it to some BMWs is a bargain.
I think (and hope) things will level off now with maybe just a 5k drop per year.
Alfa numeric said:
I don't know if you've seen it but this chap bought a new 640d GC and got a £28k discount. It pays to be in the right place at the right time!
I got similar and that was only 4 months after release. Hence my previous post questioning wether anyone paid close to RRP.It annoys me that the rrp and the actual new prices are so far adrift it's like some tacky retail operation tactic where the huge discount is to a price nobody paid in the first place.
Makes everyone nervous that their deal is crap.
It seems if people are getting £25k plus off list that early depreciation in reality is not bad at all.
Makes everyone nervous that their deal is crap.
It seems if people are getting £25k plus off list that early depreciation in reality is not bad at all.
Leon19841 said:
A friends dad got a 12 month old M6, Orange fully loaded with 5k miles on for £60k. Original owner spec'd the car up to £120k! Not sure what he actually paid for it but even with big discounts that is some depreciation for a year and 5k miles
I' be willing to bet that would be a BMW UK demo car, used for magazine reviews etc. They sell them off at about 5K at a big discount and they are almost always fully loaded.The M6 GC that was used in the review Chris Harris did vs the merc and Jag has just been sold as an AUC, it was listed at about 75k, probably list would be in the 125k region. But then it's had 5k miles being driven by journalists like this
http://www.youtube.com/watch?v=7-yCupxxErM
I bought an ex press car - about 6 months old, 3k on the clock, from memory 20k of extras making it list at 83k for 30k less. If its not spent its first few months going sideways and you like your options press cars are good value. Having stuck 34k miles on it I'd now be lucky to see 40k for it
Leon19841 said:
A friends dad got a 12 month old M6, Orange fully loaded with 5k miles on for £60k. Original owner spec'd the car up to £120k! Not sure what he actually paid for it but even with big discounts that is some depreciation for a year and 5k miles
I'm not your friend am I? 
My old man got a Sakhir Orange "62" plate with 2.5k on the clock in December, list price was £108k (coupe, fully specced basically except not carbon ceramics or comp pack but everything else ticked pretty much) and got it for £65k. Crazy.
converted lurker said:
It annoys me that the rrp and the actual new prices are so far adrift it's like some tacky retail operation tactic where the huge discount is to a price nobody paid in the first place.
Makes everyone nervous that their deal is crap.
It seems if people are getting £25k plus off list that early depreciation in reality is not bad at all.
The other problem is the RRP is used as the P11D value, going this route manufacturers are shooting themselves in the foot and customers in the wallet, the only one laughing is the tax man Makes everyone nervous that their deal is crap.
It seems if people are getting £25k plus off list that early depreciation in reality is not bad at all.
Gassing Station | BMW General | Top of Page | What's New | My Stuff