M6 Depreciation

M6 Depreciation

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Lostprophet

Original Poster:

2,549 posts

170 months

Sunday 22nd November 2015
quotequote all
Why is the new M6 depreciating so heavily?

£100k new, 3 years old and they are around the £46-49k mark.

Lostprophet

Original Poster:

2,549 posts

170 months

Sunday 22nd November 2015
quotequote all
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.


Lostprophet

Original Poster:

2,549 posts

170 months

Sunday 22nd November 2015
quotequote all
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.

Lostprophet

Original Poster:

2,549 posts

170 months

Sunday 22nd November 2015
quotequote all
I think you are right. At this level all cars lose thousands.

I suspect the RS6 is also about 6k pa. However I have not looked at comparatives to work it out.

Lostprophet

Original Poster:

2,549 posts

170 months

Sunday 22nd November 2015
quotequote all
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.


Lostprophet

Original Poster:

2,549 posts

170 months

Sunday 22nd November 2015
quotequote all
Helicopter123 said:
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.
I think you have nailed it. Thats an extremely valid point.

Lostprophet

Original Poster:

2,549 posts

170 months

Monday 23rd November 2015
quotequote all
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.

How much is a brand new M6 available from BMW? Still around the £75-80k mark.

Lostprophet

Original Poster:

2,549 posts

170 months

Monday 23rd November 2015
quotequote all
so between year 3-4 there would be a bigger fall in values. These 2012 M6's at 45-46k will be around £40k I guess.

Lostprophet

Original Poster:

2,549 posts

170 months

Sunday 29th November 2015
quotequote all
I have noticed the same M6's for sale for months! They seem not to be shifting. I guess its the time of the year but also possibly the demand is low. This means one thing... depreciation hasn't fully stabilized.

Lostprophet

Original Poster:

2,549 posts

170 months

Sunday 29th November 2015
quotequote all
Considering these cars are suppose to be amazing I struggle to understand why they dont hold their value and are not in higher demand.

What is £500 on road tax when the car is £45k second hand.