F10 M5 advice/opinion
Discussion
gachoud said:
I'm thinking of buying a 2012 (delivery mileage) M5 List is £79k with the bits I want on it. What do you all think it will be worth this time next year and also in 2 years time? Thanks in advance!
Difficult to say, but I'd guess you'll be burning £20k year 1 and another £20k year 2?Why not just buy a Ferrari 355, run it for two years and spend nothing?
Soovy said:
gachoud said:
I'm thinking of buying a 2012 (delivery mileage) M5 List is £79k with the bits I want on it. What do you all think it will be worth this time next year and also in 2 years time? Thanks in advance!
Difficult to say, but I'd guess you'll be burning £20k year 1 and another £20k year 2?Why not just buy a Ferrari 355, run it for two years and spend nothing?
My money would probably be on a CLS55 AMG and a 355 Spider for the weekends
Soovy said:
Why not just buy a Ferrari 355, run it for two years and spend nothing?
surely if making alternative suggestions at least make them similar cars. if someone was after opinions on a merc S class you wouldn't say why not save some money and buy a caterham....ok extreme example but you get my drift.
i would hazard a guess that it'd be worth around £40k after 2 years.
gachoud said:
25% year 1 and 35% year 2 sounds harsh, hope you are wrong ?! Used to have a 355 GTS actually, great cars, but I need 4 seats and a boot
Why hope he's wrong? I think realistic is the word.Edited by gachoud on Tuesday 20th March 12:44
I've just bought a late 2007 E61 M5 for 23K and that was 71K list with the options. I reckon it lost the same amount that is mentioned above in the same period.
Contigo said:
gachoud said:
25% year 1 and 35% year 2 sounds harsh, hope you are wrong ?! Used to have a 355 GTS actually, great cars, but I need 4 seats and a boot
Why hope he's wrong? I think realistic is the word.Edited by gachoud on Tuesday 20th March 12:44
I've just bought a late 2007 E61 M5 for 23K and that was 71K list with the options. I reckon it lost the same amount that is mentioned above in the same period.
2 years into it's model life it won't be worth as little as what a 3-4 year old out-going model is worth
gachoud said:
I'm thinking of buying a 2012 (delivery mileage) M5 List is £79k with the bits I want on it. What do you all think it will be worth this time next year and also in 2 years time? Thanks in advance!
Personally if you wanted out in the first year and was selling It back to the dealer you would probably be looking at a £25000 to £30000 loss on the basis of covering 12000 miles. Second year and I would think they would be offering you £37000 to £43000. I've just rang a dealer that has a high spec m5 with 1000 miles that is a few months old and the GFV over 3 years covering 12000 miles per year was just £21000. Didn't give me enough confidence to buy so I'm waiting till they hit £50000 before I buy.
Edited by Chipper on Tuesday 20th March 17:17
Chipper said:
Personally if you wanted out in the first year and was selling It back to the dealer you would probably be looking at a £25000 to £30000 loss on the basis of covering 12000 miles. Second year and I would think they would be offering you £37000 to £43000.
I've just rang a dealer that has a high spec m5 with 1000 miles that is a few months old and the GFV over 3 years covering 12000 miles per year was just £21000. Didn't give me enough confidence to buy so I'm waiting till they hit £50000 before I buy.
Ouch!!! Seen a few knocking round for close to 70k after only 3mnths so I suspect you are not far wrong!I've just rang a dealer that has a high spec m5 with 1000 miles that is a few months old and the GFV over 3 years covering 12000 miles per year was just £21000. Didn't give me enough confidence to buy so I'm waiting till they hit £50000 before I buy.
Edited by Chipper on Tuesday 20th March 17:17
May make sense for me when they are low 40s which I reckon will happen when they are 16-18 mnths old?
contracttor said:
Go onto the auc website and find one on there that does finance examples. That will give you a residual figure.
This car has a residual of 33k for what wold be 28 monthshttp://www.bmw.co.uk/bmwuk/bmwauc/details/0,,1156_...
Edited by contracttor on Tuesday 20th March 18:14
contracttor said:
Go onto the auc website and find one on there that does finance examples. That will give you a residual figure.
Not quite right. It gives you the price for you to buy it at the end of the contract or hand back. It includes an element of 'profit' and risk built in by BMW. It is not therefore their prediction of the market value of the car. It is always likely to be under the open market value.Having said that, it will depreciate like a stone given the rising petrol prices, taxes etc.
S
E38Ross said:
surely if making alternative suggestions at least make them similar cars. if someone was after opinions on a merc S class you wouldn't say why not save some money and buy a caterham....
ok extreme example but you get my drift.
i would hazard a guess that it'd be worth around £40k after 2 years.
My thoughts exactly. A very bizarre alternative to suggest. ok extreme example but you get my drift.
i would hazard a guess that it'd be worth around £40k after 2 years.
contracttor said:
This car has a residual of 33k for what wold be 28 months
http://www.bmw.co.uk/bmwuk/bmwauc/details/0,,1156_...
Ouch! Look at that interest, are they serious??http://www.bmw.co.uk/bmwuk/bmwauc/details/0,,1156_...
Edited by contracttor on Tuesday 20th March 18:14
they are alreadt below 70k >> http://www.autotrader.co.uk/classified/advert/2012...
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