Loads of new M3's for sale

[Vipergreen]

About 24 on here and 30 odd on autotrader are these speculators catching a cold or is it that the more that come up for sale the more owners get nervous and want to bail out expecting values to tumble.

I had mine on here with zero calls so I took it off as it really is very good but my new GT3RS is here in a couple of weeks so I should think about selling.

So where do we see a 6 week old 1000 mile £58K car in todays market

[M3desmo]

I expect these cars to take a pounding on resale. There wasn't nearly as much hype,expectation and interest from customers for this new model compared to the E46 and it's too expensive for this market segment to start with. My local dealer has been pestering me to take one that he can arrange for imminent delivery (usually means he has it in stock) but I'm staying well clear. Residuals on these cars will suffer even more when the DCT version is released.

[Pugsey]

M3desmo said:

I expect these cars to take a pounding on resale. There wasn't nearly as much hype,expectation and interest from customers for this new model compared to the E46 and it's too expensive for this market segment to start with. My local dealer has been pestering me to take one that he can arrange for imminent delivery (usually means he has it in stock) but I'm staying well clear. Residuals on these cars will suffer even more when the DCT version is released.

With the greatest respect (and setting aside the fact that I'm not at all sure you're right - particularly regarding the price) so what? I've got my car now and am enjoying it hugely. When I come to sell I may or may not loose some money but hey, news flash, it's a car and that tends to happen! Buy drive and enjoy I say. Or don't in your case.

Edited by Pugsey on Wednesday 31st October 13:46

[M3desmo]

Pugsey said:

M3desmo said:

I expect these cars to take a pounding on resale. There wasn't nearly as much hype,expectation and interest from customers for this new model compared to the E46 and it's too expensive for this market segment to start with. My local dealer has been pestering me to take one that he can arrange for imminent delivery (usually means he has it in stock) but I'm staying well clear. Residuals on these cars will suffer even more when the DCT version is released.

With the greatest respect (and setting aside the fact that I'm not at all sure you're right - particularly regarding the price) so what? I've got my car now and am enjoying it hugely. When I come to sell I may or may not loose some money but hey, news flash, it's a car and that tends to happen! Buy drive and enjoy I say. Or don't in your case.

Edited by Pugsey on Wednesday 31st October 13:46

I merely gave my opinion in response to the question. Of course you're going to sing it's praises if you bought one. Time will tell which of us is right, so let's leave it at that. In case you're wondering, yes I have driven one and there is not chance in hell I would swap my CSL for one. Each to their own though...........

Edited by M3desmo on Wednesday 31st October 13:59

[Pugsey]

M3desmo said:

Pugsey said:

M3desmo said:

I expect these cars to take a pounding on resale. There wasn't nearly as much hype,expectation and interest from customers for this new model compared to the E46 and it's too expensive for this market segment to start with. My local dealer has been pestering me to take one that he can arrange for imminent delivery (usually means he has it in stock) but I'm staying well clear. Residuals on these cars will suffer even more when the DCT version is released.

With the greatest respect (and setting aside the fact that I'm not at all sure you're right - particularly regarding the price) so what? I've got my car now and am enjoying it hugely. When I come to sell I may or may not loose some money but hey, news flash, it's a car and that tends to happen! Buy drive and enjoy I say. Or don't in your case.

Edited by Pugsey on Wednesday 31st October 13:46

I merely gave my opinion in response to the question. Of course you're going to sing it's praises if you bought one. Time will tell which of us is right, so let's leave it at that. In case you're wondering, yes I have driven one and there is not chance in hell I would swap my CSL for one. Each to their own though...........

Edited by M3desmo on Wednesday 31st October 13:59

Each to his own indeed. If like you I already had a CSL I doubt I'd have bothered with the E92 frankly. Re who's right - I am. I said I'm enjoying it hugely which I am and I'm prepared to 'loose' money on it which I may well do. No wait and see there for me. Incidentally re my singing it's (the car's) praises - that's not what I was doing as I'm not blind to it's faults (I've found some already). If you look at my profile I chop and change cars all the time and am never slow to praise or criticise them where appropriate. Rather I was commenting on yet another - 'this car will depreciate' thread which always seems very so what and 'tell me something new'

Still say you're wrong re price btw.

Pugs.

Edited by Pugsey on Wednesday 31st October 16:17

[Deutscher]

Vipergreen said:

About 24 on here and 30 odd on autotrader...

So where do we see a 6 week old 1000 mile £58K car in todays market

£55k, if you're lucky.

ASKING prices are already £1500 UNDER list:

http://www.pistonheads.com/sales/250731.htm

Edited by Deutscher on Wednesday 31st October 16:29

[Pugsey]

Deutscher said:

Vipergreen said:

About 24 on here and 30 odd on autotrader...

So where do we see a 6 week old 1000 mile £58K car in todays market

£55k, if you're lucky.

ASKING prices are already £1500 UNDER list:

http://www.pistonheads.com/sales/250731.htm

Edited by Deutscher on Wednesday 31st October 16:29

I'd agree. At £58k it's probably a bit over spec'd so the hit is going to be a little harder than on a more 'basic' car IMO.

[Pugsey]

Viper - GT3RS and M3 really are chalk and cheese. Why not keep the M3 as a smoker over the grotty winter months to protect your Porker a bit. I doubt you'll take that much more of a hit by waiting 'till the spring than if you sell it now. You're up against all the speculators who got it wrong and are bailing out at the mo.

[Deutscher]

Now 35 on Autotrader. Assuming there are 60+ available nationwide, that seems a staggeringly high proportion of all the cars that have been sold to date.

A few are holding out for list, but immediate savings of £1000-1500 seems to be the norm.

[Vipergreen]

Pugsey said:

Viper - GT3RS and M3 really are chalk and cheese. Why not keep the M3 as a smoker over the grotty winter months to protect your Porker a bit. I doubt you'll take that much more of a hit by waiting 'till the spring than if you sell it now. You're up against all the speculators who got it wrong and are bailing out at the mo.

About what I was thinking,when the first second hand GT3RS's hit the market early last year they traded at about list yet 8 months later when I sold my first one they we're several grand more .

Now I don't for one minute expect this with the M3 but I think when they are seen and driven a bit more they will be in a little more demand hence why springtime would be good to sell

Also binning a grand a month on depreciation ain't to bad in my opinion.

Finally I bet that the new M3 slayers will be the buyers when the cars hit £30k,,,,,,,,,,Cheapskates

Edited by Vipergreen on Wednesday 31st October 17:57

[Pugsey]

Vipergreen said:

Pugsey said:

Viper - GT3RS and M3 really are chalk and cheese. Why not keep the M3 as a smoker over the grotty winter months to protect your Porker a bit. I doubt you'll take that much more of a hit by waiting 'till the spring than if you sell it now. You're up against all the speculators who got it wrong and are bailing out at the mo.

About what I was thinking,when the first second hand GT3RS's hit the market early last year they traded at about list yet 8 months later when I sold my first one they we're several grand more .

Now I don't for one minute expect this with the M3 but I think when they are seen and driven a bit more they will be in a little more demand hence why springtime would be good to sell

Also binning a grand a month on depreciation ain't to bad in my opinion.

Finally I bet that the new M3 slayers will be the buyers when the cars hit £30k,,,,,,,,,,Cheapskates

Edited by Vipergreen on Wednesday 31st October 17:57

Yep, sound thinking. Funny that, people slating cars until they fall within their comfort zone!

Think you so right about demand building too. I was lucky enough to drive a car before the launch in Spain and having read the launch - and subsequent - reviews I was almost doubting myself. The cars A LOT better than the prev. model IMHO and I think as more and more real owners get this point across demand will firm up nicely.

Wierd about RS prices. I had one of the first 997GT3s and thought that I'd done well to get out of it for list after four months. Turns out I could prob have held on to it 'till now nearly six months later and STILL got my money back.

Enjoy the RS - then it'll be time to try Italian.

[Vesuvius 996]

Sadly I've been vindicated here.

GREAT car. Wrong time.

Housing market fvcked, credit crunch, people nervous. No one is buying nice new motors on credit at the moment so they're plummeting. 997s the same. Vantages the same. Ferrari 360s the same.

Once you can get one tomorrow from a dealer, for list, then prices tumble.

Edited by Vesuvius 996 on Wednesday 31st October 19:09

[Pugsey]

Vesuvius 996 said:

Sadly I've been vindicated here.

GREAT car. Wrong time.

Housing market fvcked, credit crunch, people nervous. No one is buying nice new motors on credit at the moment so they're plummeting. 997s the same. Vantages the same. Ferrari 360s the same.

Once you can get one tomorrow from a dealer, for list, then prices tumble.

Edited by Vesuvius 996 on Wednesday 31st October 19:09

Tends to be the ones who've got it wrong who make the most noise and complain (NOT aimed at you Vesuvius). I'm still happily buying nice new motors as are most of my chums - but then most of us don't work in the city - or particularly need credit. As has already been mentioned here the right 997 certainly isn't plummeting and similarly 360CSs were stable or even going up last time I looked. Frankly even my 430 bought well in the summer will probably only drop a little over 10% when I flog it in the spring. Again as Viper intimated the M3 is at a lower price level where a bit of a knock isn't really going to matter too much anyway, particularly if the car has been used to keep winter wear and tear off a more valuable beasty.

[sjn2004]

Pugsey said:

Vesuvius 996 said:

Sadly I've been vindicated here.

GREAT car. Wrong time.

Housing market fvcked, credit crunch, people nervous. No one is buying nice new motors on credit at the moment so they're plummeting. 997s the same. Vantages the same. Ferrari 360s the same.

Once you can get one tomorrow from a dealer, for list, then prices tumble.

Edited by Vesuvius 996 on Wednesday 31st October 19:09

Tends to be the ones who've got it wrong who make the most noise and complain (NOT aimed at you Vesuvius). I'm still happily buying nice new motors as are most of my chums - but then most of us don't work in the city - or particularly need credit. As has already been mentioned here the right 997 certainly isn't plummeting and similarly 360CSs were stable or even going up last time I looked. Frankly even my 430 bought well in the summer will probably only drop a little over 10% when I flog it in the spring. Again as Viper intimated the M3 is at a lower price level where a bit of a knock isn't really going to matter too much anyway, particularly if the car has been used to keep winter wear and tear off a more valuable beasty.

Pugsey, when you talk about getting list etc, is that selling privately or via a dealer? On most of the cars you talk about, the dealers always seem to have an automatic 10k+ margin(bid/offer spread).

[RS4john]

Pugsey said:

Viper - GT3RS and M3 really are chalk and cheese. Why not keep the M3 as a smoker over the grotty winter months to protect your Porker a bit. I doubt you'll take that much more of a hit by waiting 'till the spring than if you sell it now. You're up against all the speculators who got it wrong and are bailing out at the mo.

Wise words indeed, We all take a "Hit" on all by the most exotic, just enjoy the car and swallow the "Hit".

[Pugsey]

RS4john said:

Pugsey said:

Viper - GT3RS and M3 really are chalk and cheese. Why not keep the M3 as a smoker over the grotty winter months to protect your Porker a bit. I doubt you'll take that much more of a hit by waiting 'till the spring than if you sell it now. You're up against all the speculators who got it wrong and are bailing out at the mo.

Wise words indeed, We all take a "Hit" on all by the most exotic, just enjoy the car and swallow the "Hit".

Cheers. Actually I don't even see it as a 'hit' anymore than I see £4/5k or whatever on a decent holiday as a hit. I can understand a sandel wearing Guardian reader who views their car only as pure transport and nothing more worrying about depreciation but to the likes of us who get so much more out of our cars isn't it just the price we pay for so much fun?

Edited by Pugsey on Thursday 1st November 09:38

[Pugsey]

sjn2004 said:

Pugsey said:

Vesuvius 996 said:

Sadly I've been vindicated here.

GREAT car. Wrong time.

Housing market fvcked, credit crunch, people nervous. No one is buying nice new motors on credit at the moment so they're plummeting. 997s the same. Vantages the same. Ferrari 360s the same.

Once you can get one tomorrow from a dealer, for list, then prices tumble.

Edited by Vesuvius 996 on Wednesday 31st October 19:09

Tends to be the ones who've got it wrong who make the most noise and complain (NOT aimed at you Vesuvius). I'm still happily buying nice new motors as are most of my chums - but then most of us don't work in the city - or particularly need credit. As has already been mentioned here the right 997 certainly isn't plummeting and similarly 360CSs were stable or even going up last time I looked. Frankly even my 430 bought well in the summer will probably only drop a little over 10% when I flog it in the spring. Again as Viper intimated the M3 is at a lower price level where a bit of a knock isn't really going to matter too much anyway, particularly if the car has been used to keep winter wear and tear off a more valuable beasty.

Pugsey, when you talk about getting list etc, is that selling privately or via a dealer? On most of the cars you talk about, the dealers always seem to have an automatic 10k+ margin(bid/offer spread).

Hi mate. Combination of both - and sometimes, as in the case of my AMV8, cars have been pre sold at an agreed age and mileage even before I've taken delivery.

Examples AMV8 at six months £list Private sale, GT3 at five months £list Independent Dealer (in retrospect should have got over list), AMV8 Roadster (one day old!) £2k over - I don't usually speculate like that but had just fallen in love with my 430! E46M3 at six months £2k off list to Dealer. Etc, etc.

Main thing is to get hold of one of the first of any new model and get out before bubble bursts. Bit different with my 430 but got lots of forward orders in for Fezzas too now I've discovered what I've been missing! Also, don't forget that a dealer will probably do a very different deal for a regular customer than the figs he quotes for someone who's just walked in cold. I've spent getting on for £500k with my local BM dealer over recent years for example so the odd extra £1k here and there on a buy back is probably easy for him to swallow. I still don't loose sleep over all this though and if these cars cost me £1ks to run I'd still enjoy them.

[Deutscher]

Deutscher said:

Vipergreen said:

So where do we see a 6 week old 1000 mile £58K car in todays market

£55k, if you're lucky.

And so it came to pass...

http://www.pistonheads.com/sales/246915.htm and

http://www.pistonheads.com/sales/284767.htm

Edited by Deutscher on Tuesday 6th November 16:06

[Pugsey]

Deutscher said:

Deutscher said:

Vipergreen said:

So where do we see a 6 week old 1000 mile £58K car in todays market

£55k, if you're lucky.

And so it came to pass...

http://www.pistonheads.com/sales/246915.htm and

http://www.pistonheads.com/sales/284767.htm

Edited by Deutscher on Tuesday 6th November 16:06

Yep, you were right D. and I agreed with you but WHAT'S YOUR POINT. You seem to have an unhealthy obsession with depreciation when it comes to the new M3 - if you can call £3k on a £58k motor depreciation that is. Seems bloody good to me. Try buying a new Mondeo or other yawn mobile and see what happens.

Edited by Pugsey on Tuesday 6th November 16:46

[Deutscher]

Pugsey said:

You seem to have an unhealthy obsession with depreciation when it comes to the new M3

Guilty as charged!

See other thread for explanation!