Has anyone tried to sell their E92 M3 to dealer?
Discussion
Broccers said:
Pugsey said:
In reality it's a bit of a 'no mans land' car from me - neither fast or extreme enough to satisfy the petrol head in me nor as comfy/easy to use as the X5 - but it's OK and it'll have been interesting to have tried it. Rest assured I'm still smitten with performance cars!
This is probably why values will plummet. so can hold very high standards for the cars he get.Values won't plummet beyond the norm as not every M3 owner also drives a Ferrari 430 !!!!
PS If you can't afford the depreciation of a new car then buy an older one
Deutscher said:
Pugsey said:
Groans and holds head in hands. WHY do people only seem interested in going on (and on and on) about the M3 and depreciation? I suppose I could say define 'plummet' (btw I guess you actually meant prices not values?) but I'm really bored now frankly. Off for a coffee.
Pugsey, you have been a decent fellow and taken all this whinging in good part! I hope it hasn't spoiled your enjoyment of the car.
I think the reasons we're all being such mismogs is:
– the car costs more than we hoped
– the reviews are worse than hoped
– secretly we still want one but are frightened bu the prospective residuals.
Good on you, mate!
No probs! Tbo I don't take anything to do with cars THAT seriously. Re. the reviews though, do bear in mind that initially these are based on fairly brief time with the car - and no matter how experienced these journos are they don't really have time to peel the layers away in a few hundred miles. Look at the early tests on the M3 then read what they say in the latest COTY in Evo - and even more tellingly read how Barkers views have shifted amd matured as he puts miles on his Longterm car.
squeezebm said:
My new M is only 2 weeks away 
Look forward to a comparison against your 335d. I'm getting an M3 to replace my E46, but know the sensible choice would be the 335d!Unlike Pugsey, the M3 works really well for me, because it is the nearest to a proper sports car which is also a good daily driver, so that you can get good value out of it.
waremark said:
squeezebm said:
My new M is only 2 weeks away
Look forward to a comparison against your 335d. I'm getting an M3 to replace my E46, but know the sensible choice would be the 335d!Unlike Pugsey, the M3 works really well for me, because it is the nearest to a proper sports car which is also a good daily driver, so that you can get good value out of it.
Did you consider a lightly used 997S if you want a 'proper sports car' that is also a good daily drive?Sorry to add any fuel to this ridiculous argument about depreciation, and I think everyone now gets the point that ALL new cars depreciate; but in response to the question asked by the OP we were tasked with trying to value a 1500 mile M3 that was £57.5k list. We asked most BM dealers in our area (south coast) for a value and the best offer we had was £48k. But taking this into context a dealer would want a £5k margin on this car giving the next owner a bit of a saving off list. Admittedly the car was a demo +1 but I would say this is a fair representation of any new car being traded in with a different manufacturer who won't have a 'list' of customers waiting for the car.
Don't mean to offend anyone but thought I would share my limited market experience of the new M3 so far.
Mat
p.s. I'm hoping they depreciate at a mental rate so next year instead of looking at an E46, I can buy an E92 instead!!
Don't mean to offend anyone but thought I would share my limited market experience of the new M3 so far.
Mat
p.s. I'm hoping they depreciate at a mental rate so next year instead of looking at an E46, I can buy an E92 instead!!
Edited by matc on Thursday 22 November 12:46
matc said:
Sorry to add any fuel to this ridiculous argument about depreciation, and I think everyone now gets the point that ALL new cars depreciate; but in response to the question asked by the OP we were tasked with trying to value a 1500 mile M3 that was £57.5k list. We asked most BM dealers in our area (south coast) for a value and the best offer we had was £48k. But taking this into context a dealer would want a £5k margin on this car giving the next owner a bit of a saving off list. Admittedly the car was a demo +1 but I would say this is a fair representation of any new car being traded in with a different manufacturer who won't have a 'list' of customers waiting for the car.
Don't mean to offend anyone but thought I would share my limited market experience of the new M3 so far.
Mat
p.s. I'm hoping they depreciate at a mental rate so next year instead of looking at an E46, I can buy an E92 instead!!
Yes but you can buy a standard car, new for a shade over £50K.Don't mean to offend anyone but thought I would share my limited market experience of the new M3 so far.
Mat
p.s. I'm hoping they depreciate at a mental rate so next year instead of looking at an E46, I can buy an E92 instead!!
Edited by matc on Thursday 22 November 12:46
Used buyers arn't going to pay for options they don't need or want and with two owners in just over a month there has to be a decent margin against 'new' price for it to sell.
matc said:
That was my point, the M3 isn't the sort of car that is going to comand a premium regardless of spec/owners (like the R8 is currently enjoying).
I don't think this is news to anyone on here - and certainly not to anyone on here who owns one. Although the classifieds seemed to suggest that, for a while, there were people who thought they'd get a premium on early cars IMO this was always wishful thinking. I don't think people buying cars this low down the price range are going to pay another say £5k premium on top of list for a car. For that you need to be looking at cars nearer the £100k mark where the odd few extra grand doesn't bother people. Anyone who gambled otherwise was daft IMO. The very first R8s did achieve a premium but only for a very short while and they can certainly be bought for sensible money now - despite what you might see them advertised for. The GT3 and GT3RS - out for a year now - have performed very strongly and are, only now, coming down to list price.Having been lucky enough to have been in on very early examples of quite a few nice cars recently and chatted about them on the various forums on PHs I have to say that the M3 forum stands out as the only one where rather than discussing the car people go on and on about depreciation to the exclusion of virtually anything else about the car. Why is this. Interestingly it seems to be mainly non owners that do this. Must confess I find it very odd.
Edited by Pugsey on Thursday 22 November 14:47
waremark said:
squeezebm said:
My new M is only 2 weeks away
Look forward to a comparison against your 335d. I'm getting an M3 to replace my E46, but know the sensible choice would be the 335d!Unlike Pugsey, the M3 works really well for me, because it is the nearest to a proper sports car which is also a good daily driver, so that you can get good value out of it.
but..........what i have found is that it is quite brilliant at what it does,but i don't feel that i'm "driving" it most of the time.
Pugsey said:
I have to say that the M3 forum stands out as the only one where rather than discussing the car people go on and on about depreciation to the exclusion of virtually anything else about the car. Why is this. Interestingly it seems to be mainly non owners that do this. Must confess I find it very odd.
Maybe its comments from owners like you saying they are just OK which compounds the problem ?I really don't get the perspective here. If you can spend circa £50k on a car e.g. E92 M3....then depreciation can't really be of much an issue. If saving every £1k in depreciation is of paramount concern.....one must be out of his/her financial depth to spend that sort of capital on a car in the first place.
Broccers said:
Pugsey said:
I have to say that the M3 forum stands out as the only one where rather than discussing the car people go on and on about depreciation to the exclusion of virtually anything else about the car. Why is this. Interestingly it seems to be mainly non owners that do this. Must confess I find it very odd.
Maybe its comments from owners like you saying they are just OK which compounds the problem ?baz1985 said:
I really don't get the perspective here. If you can spend circa £50k on a car e.g. E92 M3....then depreciation can't really be of much an issue. If saving every £1k in depreciation is of paramount concern.....one must be out of his/her financial depth to spend that sort of capital on a car in the first place.
Yep. I'm with you mate. But it appears to be the people NOT buying the car that drone on about depreciation.Pugsey said:
any other forum my comment - clearly made in the context of the roll I use the car for btw - would lead to discussions about the car itself. On here it just leads (according to you) to a lot of twittering about depreciation. From mainly non owners who are unlikely to be effected anyway. Odd.
Owners ... blah .. own ... blah blah ... I read AE long term view on theirs earlier - they seem to describe the car as unremarkable.
See what I'm getting at here ? Or do you need to own one to have an opinion ?
The car being not good has an impact on values (not price).
Simon (non owner)
Donut said:
matc said:
Sorry to add any fuel to this ridiculous argument about depreciation, and I think everyone now gets the point that ALL new cars depreciate; but in response to the question asked by the OP we were tasked with trying to value a 1500 mile M3 that was £57.5k list. We asked most BM dealers in our area (south coast) for a value and the best offer we had was £48k. But taking this into context a dealer would want a £5k margin on this car giving the next owner a bit of a saving off list. Admittedly the car was a demo +1 but I would say this is a fair representation of any new car being traded in with a different manufacturer who won't have a 'list' of customers waiting for the car.
Don't mean to offend anyone but thought I would share my limited market experience of the new M3 so far.
Mat
p.s. I'm hoping they depreciate at a mental rate so next year instead of looking at an E46, I can buy an E92 instead!!
Yes but you can buy a standard car, new for a shade over £50K.Don't mean to offend anyone but thought I would share my limited market experience of the new M3 so far.
Mat
p.s. I'm hoping they depreciate at a mental rate so next year instead of looking at an E46, I can buy an E92 instead!!
Edited by matc on Thursday 22 November 12:46
Used buyers arn't going to pay for options they don't need or want and with two owners in just over a month there has to be a decent margin against 'new' price for it to sell.
I remember this time last year, there was a 4.8is X5 with no Sat Nav, it was 5k cheaper than other cars with more miles but still hung around for 5 months or so. Used buyers will quite often only go to view cars which have the right "spec".
Pugsey said:
Having been lucky enough to have been in on very early examples of quite a few nice cars recently and chatted about them on the various forums on PHs I have to say that the M3 forum stands out as the only one where rather than discussing the car people go on and on about depreciation to the exclusion of virtually anything else about the car. Why is this. Interestingly it seems to be mainly non owners that do this. Must confess I find it very odd.
Pugsey, I've already said that I think you've been very decent in the face of all this negativity about your new toy.I've summed up the feelings of many before, but perhaps they are worth re-stating.
We looked forward with eager anticipation to the launch of the new M3.
We'd been on the waiting list for years.
We'd wrongly assumed the car was going to be £45k for a basic spec, £50k for bells & whistles.
We'd expected mind-blowing reviews.
What we've actualy got is a car priced at a level that is a stretch for many of us unless residuals are caste-iron, and the reviews that are luke-warm.
Nett result is that we're all dubious about the car and its price and looking for reinforcement of our views via heavy initial depreciation.
Then we can buy one!
Pugsey said:
Did you consider a lightly used 997S if you want a 'proper sports car' that is also a good daily drive?
I'd get more pleasure from driving the 997S when I was on my own without much stuff to carry - but the bottom line is that in my life that would mean the 911 would be used much less. I last ceased to own a Porsche when my eldest reached 5! (BTW I think I was most tempted in the Porker department by the Targa - I like both the looks and the easier access to the space behind the seats)
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