M6 depreciation
Discussion
Expecting M4 summer next year, need something in the meantime...this is the cheapest AUC M6 at the moment, but how much will it be worth in say July 2014? And i appreciate ppl will see it as a downgrade of sorts but M4 is just a bit more chuckable and something i'd hope to keep for a while
Oops..here we go:
http://www.autotrader.co.uk/classified/advert/2013...
I think if this is £68k, then a private sale in 9 months of maybe £60k??
http://www.autotrader.co.uk/classified/advert/2013...
I think if this is £68k, then a private sale in 9 months of maybe £60k??
cringle said:
Oops..here we go:
http://www.autotrader.co.uk/classified/advert/2013...
I think if this is £68k, then a private sale in 9 months of maybe £60k??
more like £5Xk imohttp://www.autotrader.co.uk/classified/advert/2013...
I think if this is £68k, then a private sale in 9 months of maybe £60k??
this is one of the worst depreciating cars in the market atm
coming down from over 100k to 68k in less than a year..
Hi,
If your pockets are deep enough to buy a £69,000 car just to use for 6 months, then perhaps sell for £60K then go for it ! It sounds as though it'll probably sell for less than though realistically when the time comes, so again, if your pocket is deep enough for a £9-15,000 loss over 6 months, go for it!
I suspect, that perhaps that's not the case as you are specifically mentioning depreciation. In short, the market for £60-100,000 cars is small and even smaller what with the state of the economy and the expected 1-5 year outlook. Yes, there are some buyers out there, so you need to evaluate if it's worth losing that £9-15,000 over the next 6 or so months Vs actually finding a buyer at the time.
A much better financial alternative would be to continue with the car you have till the M4 arrives. That'll 'cost' you the least. Next option might be to buy a £3-9,000 car to blat around in till the M4 arrives. E39 M5, E46 M3 spring to mind from the BMW stable. When the M4 arrives, perhaps you can get back perhaps 85-90% of the purchase price, if not what you pay for it now. Overall 'cost' is then very low.
I'm not in the luxury position of losing any money, so I'd stick with the current car for the 6 months till the new toy arrived if it was me!
Cheers, Dennis!
If your pockets are deep enough to buy a £69,000 car just to use for 6 months, then perhaps sell for £60K then go for it ! It sounds as though it'll probably sell for less than though realistically when the time comes, so again, if your pocket is deep enough for a £9-15,000 loss over 6 months, go for it!
I suspect, that perhaps that's not the case as you are specifically mentioning depreciation. In short, the market for £60-100,000 cars is small and even smaller what with the state of the economy and the expected 1-5 year outlook. Yes, there are some buyers out there, so you need to evaluate if it's worth losing that £9-15,000 over the next 6 or so months Vs actually finding a buyer at the time.
A much better financial alternative would be to continue with the car you have till the M4 arrives. That'll 'cost' you the least. Next option might be to buy a £3-9,000 car to blat around in till the M4 arrives. E39 M5, E46 M3 spring to mind from the BMW stable. When the M4 arrives, perhaps you can get back perhaps 85-90% of the purchase price, if not what you pay for it now. Overall 'cost' is then very low.
I'm not in the luxury position of losing any money, so I'd stick with the current car for the 6 months till the new toy arrived if it was me!
Cheers, Dennis!
I know I might get flamed for this but would you not be better off financially leasing an M5, I am sure there are some pre registered cars available companies are trying to get rid of.
Not sure how easy it would be to get a 12 month lease but its certainly not difficult or impossible: I have seen them available.
I know someone mentioned buy it for 69k and sell for 60k in 8 months time but I have seen the value of these cars fall drastically since they have been for sale and its worrying! It will be even worse and the turn of the new year.
I am sure if you were to buy at 69k, you would be looking to easily lose 10k minimum and that would be a hard sell at that point. easy sell would be to a dealer at 53-54k.
I know to some I might be exaggerating but I don't feel I am, I have seen it happen time and time again.
Not sure how easy it would be to get a 12 month lease but its certainly not difficult or impossible: I have seen them available.
I know someone mentioned buy it for 69k and sell for 60k in 8 months time but I have seen the value of these cars fall drastically since they have been for sale and its worrying! It will be even worse and the turn of the new year.
I am sure if you were to buy at 69k, you would be looking to easily lose 10k minimum and that would be a hard sell at that point. easy sell would be to a dealer at 53-54k.
I know to some I might be exaggerating but I don't feel I am, I have seen it happen time and time again.
Hmmmm i guess it was a silly idea. Losing a grand a month to drive an M6 through the slippy winter months isn't what i wanna do. As for driving an older sub-10k car, not really my thing. I suppose the next question is, what car is there in the 40-60k bracket i can drive for 9 months with the least depreciation? Mates keep tellin me to drop a 911 as these have the best residuals but the prospect of a 997 without the newer mod cons of the latest generation cars ie satnav/media packs for that price isnt that appealing
cringle said:
Hmmmm i guess it was a silly idea. Losing a grand a month to drive an M6 through the slippy winter months isn't what i wanna do. As for driving an older sub-10k car, not really my thing. I suppose the next question is, what car is there in the 40-60k bracket i can drive for 9 months with the least depreciation? Mates keep tellin me to drop a 911 as these have the best residuals but the prospect of a 997 without the newer mod cons of the latest generation cars ie satnav/media packs for that price isnt that appealing
997 GTS, it's the best non motorsport 911 and shouldn't be depreciating much. 60k will get a nice example with some good toys surely?cringle said:
Hmmmm i guess it was a silly idea. Losing a grand a month to drive an M6 through the slippy winter months isn't what i wanna do. As for driving an older sub-10k car, not really my thing. I suppose the next question is, what car is there in the 40-60k bracket i can drive for 9 months with the least depreciation? Mates keep tellin me to drop a 911 as these have the best residuals but the prospect of a 997 without the newer mod cons of the latest generation cars ie satnav/media packs for that price isnt that appealing
M3 CSL?cringle said:
The 1M did cross my mind but i fear it may take the edge off M4 ownership. I'm worried it may be too good! Both turbocharged 6 cylinders and similar kerbweights
You can buy my M135i for £27k 
wife wants something bigger - Evoque or Q5.5dr Sapphire Black with Sports Auto and Pro Nav - one owner - 7k on the clock. seriously good fun.
Terminator X said:
Current M6 looks awesome though, drove along next to a 13 plate one the other day.
TX.
I agree...but then I would TX.
The aesthetics are one of the main reasons I bought mine.....but then the M4 appears to be taking these good looks to another level.
Despite the insane depreciation, as a new purchase I reckon it'll fare quite well against other similarly priced cars on the basis that the strength of the up-front deal can (with a bit of work) cover much of the additional depreciation. Unfortunately, the depreciation from that point on is still as bad as any other similarly priced car
Having owned a couple of e92 M3's previously, I do miss the much more dynamic nature of that car compared to the M6 so I was also deliberating on whether I'd be looking for an M4 in about a years' time. I'm confident that dynamically it'll wipe the floor with the big 6 but, now I'm used to it, I also think I'd miss the level of quality, luxury and sheer sense of occasion that I get from the M6. I doubt the M4 will have an interior like the one below (but one can hope)! I had a similar problem when I swapped my first e92 M3 for an E63 M6, then later back to another e92 M3. The M3 was much more fun to drive but I always missed the old M6....despite hating the gearbox, which was my main reason for getting rid of it. No such issues with the new model; the drivetrain is outstanding.
OP...as other have said, an M6 is not a short term buy unless you're prepared to lose 10k+. If you want an M6 then be prepared to keep it for a couple of years....which might not be as bad as it sounds. I was one of the early adopters of the e92 M3, buying one of the dirts ones and getting no deal whatsoever as a result. I lost a lot of money on that car after 15 months (more than on any other single car I've had) and I fear that buying one of the first M4's (which will likely be at or close to full list price) will be similarly financially painful. A year or so after launch, there'll probably be deals galore on them, compounding the problem for those early adopters. I should probably heed my own advice sometimes.
cringle said:
Hmmmm i guess it was a silly idea. Losing a grand a month to drive an M6 through the slippy winter months isn't what i wanna do. As for driving an older sub-10k car, not really my thing. I suppose the next question is, what car is there in the 40-60k bracket i can drive for 9 months with the least depreciation? Mates keep tellin me to drop a 911 as these have the best residuals but the prospect of a 997 without the newer mod cons of the latest generation cars ie satnav/media packs for that price isnt that appealing
New Boxster 3.4s? Don't know if others will agree but I have heard of a few threads where people have only lost 3k or so in 9-12 months as they are popular and in demand. not many around. spec is important. You may get a good deal now towards december and would be ideal to sell on in July time.
cringle said:
Oops..here we go:
http://www.autotrader.co.uk/classified/advert/2013...
I think if this is £68k, then a private sale in 9 months of maybe £60k??
If this was the cheapest yesterday, here's a bit of depreciation for you…only £64,850 :-)http://www.autotrader.co.uk/classified/advert/2013...
I think if this is £68k, then a private sale in 9 months of maybe £60k??
£4,130 cheaper…!
AND
6,730 miles less……..!
hhttp://www.approved.bmw.co.uk/bmwuk/bmwauc/details/0,,1156___ask-4%40adm-xx,00.html?ch=_V0JTTFg5MjAyMEM5Njc5OTk=&btp=1x24-price_ASC|list
At this rate, they'll be cheap as chips soon……
Good luck…wish I had enough funds to afford one…..sigh….
Edited by Lignumopus on Monday 11th November 08:26
Palmball said:
Terminator X said:
Current M6 looks awesome though, drove along next to a 13 plate one the other day.
TX.
I agree...but then I would TX.
The aesthetics are one of the main reasons I bought mine.....but then the M4 appears to be taking these good looks to another level.
Despite the insane depreciation, as a new purchase I reckon it'll fare quite well against other similarly priced cars on the basis that the strength of the up-front deal can (with a bit of work) cover much of the additional depreciation. Unfortunately, the depreciation from that point on is still as bad as any other similarly priced car
Having owned a couple of e92 M3's previously, I do miss the much more dynamic nature of that car compared to the M6 so I was also deliberating on whether I'd be looking for an M4 in about a years' time. I'm confident that dynamically it'll wipe the floor with the big 6 but, now I'm used to it, I also think I'd miss the level of quality, luxury and sheer sense of occasion that I get from the M6. I doubt the M4 will have an interior like the one below (but one can hope)! I had a similar problem when I swapped my first e92 M3 for an E63 M6, then later back to another e92 M3. The M3 was much more fun to drive but I always missed the old M6....despite hating the gearbox, which was my main reason for getting rid of it. No such issues with the new model; the drivetrain is outstanding.
OP...as other have said, an M6 is not a short term buy unless you're prepared to lose 10k+. If you want an M6 then be prepared to keep it for a couple of years....which might not be as bad as it sounds. I was one of the early adopters of the e92 M3, buying one of the dirts ones and getting no deal whatsoever as a result. I lost a lot of money on that car after 15 months (more than on any other single car I've had) and I fear that buying one of the first M4's (which will likely be at or close to full list price) will be similarly financially painful. A year or so after launch, there'll probably be deals galore on them, compounding the problem for those early adopters. I should probably heed my own advice sometimes.
cringle said:
The 1M did cross my mind but i fear it may take the edge off M4 ownership. I'm worried it may be too good! Both turbocharged 6 cylinders and similar kerbweights
Well, you'd be on a win/ win. If you love the 1M you don't have to go for M4, or if you try the M4 and preference it to the 1M then you can happily buy the M4 , having enjoyed the 1M and not have lost a fortune!!. I personally think they will be caulk and cheese. Gassing Station | M Power | Top of Page | What's New | My Stuff