F10 M5

Author
Discussion

jonah35

Original Poster:

3,940 posts

163 months

Tuesday 9th February 2016
quotequote all
These all seem sub 20k miles for sale on autotrader for low £30s and dropping fast.

Performance bargain of the year?

W8PMC

3,376 posts

244 months

Tuesday 9th February 2016
quotequote all
They always have been & the same as all other cars in this class.

The £35k cars on Autotrader would have sold for around £70-75k 4 years ago so 50% loss in 4 years is about as good as it gets in this sector.

To be honest though, most of the sweet cars are still closer to £40k but i'd hazard a guess will drop another £5-6k this year & £30-35k is likely where they'll stick for quite a while.

Zod

35,295 posts

264 months

Tuesday 9th February 2016
quotequote all
The E60s kept going down and I suspect the F10s will too.

W8PMC

3,376 posts

244 months

Wednesday 10th February 2016
quotequote all
Zod said:
The E60s kept going down and I suspect the F10s will too.
Definitely agree but even the good E60 examples now are around the £20k mark & they're pretty old cars when all said & done. The F10 M5 will never be a sought after classic in the same way the E39 & E60 are/may, but all told they'll fair no worse than any other car in tis sector & let's not forget that BMW have been financially supporting these cars from the off so depreciation needs to be viewed against what they sold for new, not their list price which was never achieved by dealers. Also a lot of these lease cars will be hitting the used market now so that will no doubt have an impact.

Shaoxter

4,195 posts

130 months

Wednesday 10th February 2016
quotequote all
Once they drop to £25k I'm going to have to think about making the jump smile
Big motoring world have a couple of keenly priced LCIs...

W8PMC said:
£30-35k is likely where they'll stick for quite a while.
I highly doubt that!!

W8PMC

3,376 posts

244 months

Wednesday 10th February 2016
quotequote all
Shaoxter said:
I highly doubt that!!
I'm sure they'll at some point drop down to £25k. I agree though the 2 at Big MW are keenly priced, however both are totally standard spec so probably left the forecourt brand new at around £59k so not a significant drop over 3yrs.

IATM

3,886 posts

153 months

Wednesday 10th February 2016
quotequote all
been monitoring prices myself (as a few will know)
I think they are harshly over priced. As others have said the decent ones are still around 36-40k.
I feel like they are due quite a drop and will settle again around 25-30k for a while.

performance cars seem to be really holding up over the last year.
So very odd to me

Wills2

24,132 posts

181 months

Wednesday 10th February 2016
quotequote all
Just got bid 41k for a 28k 15 plate M5. (ouch!) So its lost £26,000 in 11 months from the invoice price. eek




Zod

35,295 posts

264 months

Wednesday 10th February 2016
quotequote all
Wills2 said:
Just got bid 41k for a 28k 15 plate M5. (ouch!) So its lost £26,000 in 11 months from the invoice price. eek



Keep it five years. The depreciation continues, but the curve gets shallower and it feels less painful spread over five years. I just think about my E60 in terms of ownership cost per year. Including petrol, servicing and insurance, it must have cost me about £13K a year to own and drive.

theboss

7,094 posts

225 months

Wednesday 10th February 2016
quotequote all
Wills2 said:
Just got bid 41k for a 28k 15 plate M5. (ouch!) So its lost £26,000 in 11 months from the invoice price. eek



I don't think £1/mile is too bad on one of these... but does reinforce why I intend to keep mine for a long time! If I get 200k out of it and then have it crushed, its only cost me 33p per mile, about the same as the super cheap leased Golf R smile

(beat that for man maths)

IATM

3,886 posts

153 months

Wednesday 10th February 2016
quotequote all
Zod said:
Wills2 said:
Just got bid 41k for a 28k 15 plate M5. (ouch!) So its lost £26,000 in 11 months from the invoice price. eek



Keep it five years. The depreciation continues, but the curve gets shallower and it feels less painful spread over five years. I just think about my E60 in terms of ownership cost per year. Including petrol, servicing and insurance, it must have cost me about £13K a year to own and drive.
its probably the millage that has killed your valuation.

Zod

35,295 posts

264 months

Wednesday 10th February 2016
quotequote all
IATM said:
Zod said:
Wills2 said:
Just got bid 41k for a 28k 15 plate M5. (ouch!) So its lost £26,000 in 11 months from the invoice price. eek



Keep it five years. The depreciation continues, but the curve gets shallower and it feels less painful spread over five years. I just think about my E60 in terms of ownership cost per year. Including petrol, servicing and insurance, it must have cost me about £13K a year to own and drive.
its probably the millage that has killed your valuation.
Mine had very low mileage.

W8PMC

3,376 posts

244 months

Wednesday 10th February 2016
quotequote all
Wills2 said:
Just got bid 41k for a 28k 15 plate M5. (ouch!) So its lost £26,000 in 11 months from the invoice price. eek



That is higher than average mileage for a sub 12th old car.

Also yours must be a fairly high spec with a drive off price of £67k. I'm guessing about £8k in toys?

Zod

35,295 posts

264 months

Wednesday 10th February 2016
quotequote all
W8PMC said:
Wills2 said:
Just got bid 41k for a 28k 15 plate M5. (ouch!) So its lost £26,000 in 11 months from the invoice price. eek



That is higher than average mileage for a sub 12th old car.

Also yours must be a fairly high spec with a drive off price of £67k. I'm guessing about £8k in toys?
£67k a high price for a new F10? My E60 cost £69k in 2006 and I didn't even have the full leather!

Wills2

24,132 posts

181 months

Wednesday 10th February 2016
quotequote all
W8PMC said:
Wills2 said:
Just got bid 41k for a 28k 15 plate M5. (ouch!) So its lost £26,000 in 11 months from the invoice price. eek



That is higher than average mileage for a sub 12th old car.

Also yours must be a fairly high spec with a drive off price of £67k. I'm guessing about £8k in toys?
Yeah listed at 81-82k IIRC.

W8PMC

3,376 posts

244 months

Wednesday 10th February 2016
quotequote all
Zod said:
£67k a high price for a new F10? My E60 cost £69k in 2006 and I didn't even have the full leather!
Absolutely. BMW supported the F10 M5 pretty much from launch, so a car leaving the showroom for £67k would have been a well spec'd car. As above, it was listed at £82k.

likesachange

2,636 posts

200 months

Wednesday 10th February 2016
quotequote all
59k is the price of a new one with a little negotiation..
Hence why he is presuming you have 8k worth of toys.

Wills2

24,132 posts

181 months

Wednesday 10th February 2016
quotequote all
I know. smile Actually having checked it was £80,500 list for the car I bought the M performance carbon trim separately that was 2k.





Edited by Wills2 on Wednesday 10th February 17:19

turboman786

1,081 posts

193 months

Wednesday 10th February 2016
quotequote all
M5s seem to represntative tremendous vfm at the moment. ...

But u think the real bargain will be the m6gc which are falling very fast.....I will buy one all being well when they get to 35k, which in think will happen by the end of this year for early cars

Absolutely love M cars although the M5 is almost ugly compared to the curvaceous m6gc

Schermerhorn

4,346 posts

195 months

Thursday 11th February 2016
quotequote all
Watching this with interest also!