Too much money??
Discussion
Just been down my local dealer to check out the new M6. One number struck me like a brick to the head........£103,990 On the road!!
Who is actually paying over £100k for a BMW? (dont talk about the M3 GTS as thats a different kettle of crabs). I love BMW's and more importantly M-cars, but when they break the £100k mark you feel that maybe they are taking the piss a little. If i had £100k to spend, i'd be looking at Astons or something nearly new from the Italian range.Its a BMW for christ sake. If BMW made an SLS equivalent then that'd be a fair one, but they dont. And even with all that carbon fibre, is it worth £20k+ more than the M5, which is effectively the same car with more doors? I saw exeter BMW had delivered an orange M6 last week which had carbon effect exhaust tips (badges looked like Miltek). God knows how much that little pile of metal and carbon sold for.
Your views.........
Who is actually paying over £100k for a BMW? (dont talk about the M3 GTS as thats a different kettle of crabs). I love BMW's and more importantly M-cars, but when they break the £100k mark you feel that maybe they are taking the piss a little. If i had £100k to spend, i'd be looking at Astons or something nearly new from the Italian range.Its a BMW for christ sake. If BMW made an SLS equivalent then that'd be a fair one, but they dont. And even with all that carbon fibre, is it worth £20k+ more than the M5, which is effectively the same car with more doors? I saw exeter BMW had delivered an orange M6 last week which had carbon effect exhaust tips (badges looked like Miltek). God knows how much that little pile of metal and carbon sold for.
Your views.........
i see your point. but, compare it to a V8 vantage Aston
OK, a tad more expensive but nicer interior, WAY WAY more powerful, better gearbox, much cheaper to service and on fuel, and has back seats
Or compare it to the DB9 - MUCH cheaper than DB9, has better back seats, also WAY more powerful with a better gearbox and possibly nicer interior too
Look past the badge and in reality it's no worse than any of the others out there.
but yes, an M5 would be where my money would go.
OK, a tad more expensive but nicer interior, WAY WAY more powerful, better gearbox, much cheaper to service and on fuel, and has back seats
Or compare it to the DB9 - MUCH cheaper than DB9, has better back seats, also WAY more powerful with a better gearbox and possibly nicer interior too
Look past the badge and in reality it's no worse than any of the others out there.
but yes, an M5 would be where my money would go.
Insane money. Looking forward 6 or 7 years to when you can pick a nice lowish mileage car up for 18k.
http://www.autotrader.co.uk/classified/advert/2012...
http://www.autotrader.co.uk/classified/advert/2012...
Might have a screen price of £100k+ but I dare say there wont be many takers at that price point.
Only have to look at the discounts recently given on the rest of the 6 series range (hidden through the BMW lease programme) and the affects thats had on residuals to see £100k M6s just wont wash.
Only have to look at the discounts recently given on the rest of the 6 series range (hidden through the BMW lease programme) and the affects thats had on residuals to see £100k M6s just wont wash.
E38Ross said:
FamilyDub said:
All the German marques are overpricing (some of) their cars at the moment.
Heck, even £80k for an M5 is ludicrous.
if you take inflation into account it's no more expensive than the last.Heck, even £80k for an M5 is ludicrous.
Are you telling me that if the F10 M5 was £10k less it wouldn't sell much more units?
ecain63 said:
Just been down my local dealer to check out the new M6. One number struck me like a brick to the head........£103,990 On the road!!
Who is actually paying over £100k for a BMW? (dont talk about the M3 GTS as thats a different kettle of crabs). I love BMW's and more importantly M-cars, but when they break the £100k mark you feel that maybe they are taking the piss a little. If i had £100k to spend, i'd be looking at Astons or something nearly new from the Italian range.Its a BMW for christ sake. If BMW made an SLS equivalent then that'd be a fair one, but they dont. And even with all that carbon fibre, is it worth £20k+ more than the M5, which is effectively the same car with more doors? I saw exeter BMW had delivered an orange M6 last week which had carbon effect exhaust tips (badges looked like Miltek). God knows how much that little pile of metal and carbon sold for.
Your views.........
Not many will be paying that, they will be renting them!Who is actually paying over £100k for a BMW? (dont talk about the M3 GTS as thats a different kettle of crabs). I love BMW's and more importantly M-cars, but when they break the £100k mark you feel that maybe they are taking the piss a little. If i had £100k to spend, i'd be looking at Astons or something nearly new from the Italian range.Its a BMW for christ sake. If BMW made an SLS equivalent then that'd be a fair one, but they dont. And even with all that carbon fibre, is it worth £20k+ more than the M5, which is effectively the same car with more doors? I saw exeter BMW had delivered an orange M6 last week which had carbon effect exhaust tips (badges looked like Miltek). God knows how much that little pile of metal and carbon sold for.
Your views.........
It wasn't much different with the previous M6. I actually has a deposit down for an M6 convertible back in 2005 prior to launch, but I didn't proceed as it was going to be north of £85K for the spec I wanted and I thought it was too much and was likely to suffer significant depreciation.
I think this M6, just like the previous model, has the quality and ability to stand comparison with almost any GT - but just like the V10, depreciation is going to be brutal (so to answer the original question - IMO it is priced too high).
I think this M6, just like the previous model, has the quality and ability to stand comparison with almost any GT - but just like the V10, depreciation is going to be brutal (so to answer the original question - IMO it is priced too high).
I haven't been reading motoring magazines for quite some time, but I do recall, vaguely that perhaps 10% of all 'new' registrations of cars in the UK are by private individuals. The rest, is by company car schemes, businesses etc.
Assuming the ratio is 'broadly' similar today, I'd hazard a guess, that out of those 10% perhaps 5-20% would be those people splashing out £40,50, 60, 80, 100K plus on a car out of their 'own' money and not on a loan of some sort. I'd say the other 80-95% would be buying super mini's perhaps up to medium sized cars perhaps circa £15-23,000. How many of those are via cash or full payment and not via a loan of some sort I don't know.
Of course, I might be way off the mark!
So when it comes to all these high end cars being driven around, the vast proportion of them will be on a company lease type scheme or purchased by a business. I doubt very much any of those businesses are paying the full cost up front and are going on one of the schemes that suits them. So the OTR or sticker price isn't really too much of a concern, after the 'company' pays for 3 years 'rent' they send them back and get a new car and rent/lease that. Those 2/3 year old cars then go into the 2nd hand market and for high end cars, are then bought perhaps by loaded individuals (on some sort of loan for the most part!) or businesses etc. So 'really' for the initial 'purchaser' of a £103K 6 series, the 'actual' money going out of their accounts is that 3 years worth of 'rental' payments, only those people who bought the cars outright really suffer the depreciation amount and I'd daresay, if they can afford to splash £103K out in the first place, they can afford the £20-30K in depreciation should they then sell after 1,2 or 3 years etc !
That's currently my view, again, I may be way off mark?!
Cheers, Dennis!
Assuming the ratio is 'broadly' similar today, I'd hazard a guess, that out of those 10% perhaps 5-20% would be those people splashing out £40,50, 60, 80, 100K plus on a car out of their 'own' money and not on a loan of some sort. I'd say the other 80-95% would be buying super mini's perhaps up to medium sized cars perhaps circa £15-23,000. How many of those are via cash or full payment and not via a loan of some sort I don't know.
Of course, I might be way off the mark!
So when it comes to all these high end cars being driven around, the vast proportion of them will be on a company lease type scheme or purchased by a business. I doubt very much any of those businesses are paying the full cost up front and are going on one of the schemes that suits them. So the OTR or sticker price isn't really too much of a concern, after the 'company' pays for 3 years 'rent' they send them back and get a new car and rent/lease that. Those 2/3 year old cars then go into the 2nd hand market and for high end cars, are then bought perhaps by loaded individuals (on some sort of loan for the most part!) or businesses etc. So 'really' for the initial 'purchaser' of a £103K 6 series, the 'actual' money going out of their accounts is that 3 years worth of 'rental' payments, only those people who bought the cars outright really suffer the depreciation amount and I'd daresay, if they can afford to splash £103K out in the first place, they can afford the £20-30K in depreciation should they then sell after 1,2 or 3 years etc !
That's currently my view, again, I may be way off mark?!
Cheers, Dennis!
belleair302 said:
Its called Tax. The bse price of the car is not bad, but after 20% VAT and the 'import duty' that the government puts on cars the price is daft. Go and buy it in Germany and save a bundle.
An M6 coupe is 124,000 Euros or about £100,000 in Germany so more expensive than the UK (94k UK list) there are no special "import duties" on cars made in the EU and then retailed in the UK either.Gassing Station | M Power | Top of Page | What's New | My Stuff