1M values / residuals
Discussion
I've been keeping an eye on the 1m values recently, I notice they are still very very strong.
Is this a temporary thing do you think or will they start to slide quickly?!
Very tempted to go get a 1M I've seen and whilst the price seems a premium for a 3 year old car I don't particularly mind paying it, if its not going to loose a fortune over the next 12 months. In fact I quite like the idea of having something rarer that may suffer less depreciation.
My 2013 RS4 I sold (bought with 500 miles on clock sold with 3000) dropped about 8k in as many months eye watering!
Are they actually selling for what they are listed at? Majority seem to be £40k give or take a grand or so.
Thoughts?
Is this a temporary thing do you think or will they start to slide quickly?!
Very tempted to go get a 1M I've seen and whilst the price seems a premium for a 3 year old car I don't particularly mind paying it, if its not going to loose a fortune over the next 12 months. In fact I quite like the idea of having something rarer that may suffer less depreciation.
My 2013 RS4 I sold (bought with 500 miles on clock sold with 3000) dropped about 8k in as many months eye watering!
Are they actually selling for what they are listed at? Majority seem to be £40k give or take a grand or so.
Thoughts?
I remember reading the original evo test and thinking I would wait a couple of years and buy one for 30k. I was obviously wrong and values didn't fall dramatically. I took the plunge a couple of months ago. In terms of pricing I think the numbers you quote are right. When I was looking a 5,000 mile car sold for 42k in 24hrs. I paid a bit less for a similar spec car. I doubt they will suddenly start dropping. Besides they are great fun......
If anything I think they have gone up slightly, several months ago I saw a few low milers around £37k or so, now 20k miles plus and they are closer to £40k!
Well I'm off to have a look at one at Sytner shortly, so we'll see how it goes!
For any one who's a regular main dealer BMW buyer is there much haggling on their screen prices?
Well I'm off to have a look at one at Sytner shortly, so we'll see how it goes!
For any one who's a regular main dealer BMW buyer is there much haggling on their screen prices?
Well bit of a wasted afternoon 
Arrived there expecting a lush near pristine example (which you would rightly expect buying an approved used BMW) and found a pretty ragged 1M.
I don't think I've seen a car with worse stone chipping, especially up the rear arch flanks it was terrible! Worse than the common 911 stone chips up the rear arches, quite surprised. I said to the sales lad who was nice enough, that it was looking a bit shabby. He had a look and agreed he said it hadn't been there that long (I'm sure I've seen it there for a while tbh but might be wrong) and that he was sure they could put it through as prep to get the paint right. I had noticed discs were also well worn too so I started to suspect that it had had a fair bit of stick.
Any way I'm hard on my cars at times so I didn't let it put me right off, maybe gave room for some dealing. We then set out for a test drive.
He drove first part of the run, sat in passenger seat it felt nice lots of suede bits, steering wheel etc I was quite impressed at the feel in the cabin as I was worried it might not feel that special inside. I noticed he was struggling with the clutch a tad, but just presumed he might be an auto driver regularly - until it was my turn.
Pulled off gently up through to 4th gear then accelerated and whoosh clutch slipping! I said er the clutch is shot in this mate, he said no its just the way it picks up, I said nope thats the clutch fried! Slowed down and did it again, full slip no pull what so ever literally on its last legs. I turned round and drove it back, sales rep was not pleased at all and said the service manager was due a talking too as it should of been mechanically inspected and passed fit for sale!
I said they obviously didn't look very hard, it didn't even need provoking it was there straight away pretty much. All summed up I'd imagine its had some hard track use, clutch probably given up the ghost and the previous owner has traded it in or just sold it back to them.
So disappointing, but hey ho!
Might just go back to an E90 M3 as these 1Ms are so thin on ground I don't want to be wasting my time driving up and down the country!
Arrived there expecting a lush near pristine example (which you would rightly expect buying an approved used BMW) and found a pretty ragged 1M.
I don't think I've seen a car with worse stone chipping, especially up the rear arch flanks it was terrible! Worse than the common 911 stone chips up the rear arches, quite surprised. I said to the sales lad who was nice enough, that it was looking a bit shabby. He had a look and agreed he said it hadn't been there that long (I'm sure I've seen it there for a while tbh but might be wrong) and that he was sure they could put it through as prep to get the paint right. I had noticed discs were also well worn too so I started to suspect that it had had a fair bit of stick.
Any way I'm hard on my cars at times so I didn't let it put me right off, maybe gave room for some dealing. We then set out for a test drive.
He drove first part of the run, sat in passenger seat it felt nice lots of suede bits, steering wheel etc I was quite impressed at the feel in the cabin as I was worried it might not feel that special inside. I noticed he was struggling with the clutch a tad, but just presumed he might be an auto driver regularly - until it was my turn.
Pulled off gently up through to 4th gear then accelerated and whoosh clutch slipping! I said er the clutch is shot in this mate, he said no its just the way it picks up, I said nope thats the clutch fried! Slowed down and did it again, full slip no pull what so ever literally on its last legs. I turned round and drove it back, sales rep was not pleased at all and said the service manager was due a talking too as it should of been mechanically inspected and passed fit for sale!
I said they obviously didn't look very hard, it didn't even need provoking it was there straight away pretty much. All summed up I'd imagine its had some hard track use, clutch probably given up the ghost and the previous owner has traded it in or just sold it back to them.
So disappointing, but hey ho!
Might just go back to an E90 M3 as these 1Ms are so thin on ground I don't want to be wasting my time driving up and down the country!
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