Discounts on new M3/M4?
Discussion
Stu-nph26 said:
philmots said:
Wonder why they’re dropping so much?
Some with less than 100 miles have been for sale months, I’ve seen them week on week slash £1000’s off the price.
Is it simply oversupply? Or are people not daft enough to sign up to a PCP at 10.9%? They look great value for a cash buyer, how negotiable are the interest rates on pre reg cars.
They’re something I’m looking at, at some point this year and aren’t particularly fussy on spec so could make sense.
Oracle will do 6.9%Some with less than 100 miles have been for sale months, I’ve seen them week on week slash £1000’s off the price.
Is it simply oversupply? Or are people not daft enough to sign up to a PCP at 10.9%? They look great value for a cash buyer, how negotiable are the interest rates on pre reg cars.
They’re something I’m looking at, at some point this year and aren’t particularly fussy on spec so could make sense.
JMBMWM5 said:
as7920 said:
This is not what I wanted to hear!
They are dropping in price faster than a falling brick.Fast cars decrease in vale quickly always have always will especially if mass produced. You have a scenario where he superior M5 like for like is less than an M3 that simply cannot hold water. People will move to where the value is.
A car should lose on average 25% of its residual balance year on year. So in this case £70k car so at the end of he first year it should be £52.5k then at he end of the second year £39.4k. Added to this is the fact so many bought on a discount so they can go cheaper still and be well under be 25% usual annual loss rate - that in turn really slaps those who didn’t buy with a discount.
If you cannot afford to lose £13-20k a year in depreciation alone I suggest you are trying to own a car that in reality is beyond your financial reach. Just get used to buying a used older car instead that is affordable to your finances or a much lesser car.
I don’t like losing a lot of money in depreciation so I buy used and roughly speaking I’ve lost £12k in 3+ years which I still don’t like but unless you downgrade a lot more or get much older then it is what it is.
Max Maxasson said:
Except when there are less cars built than buyers looking to buy.
If production was cut enough you would get zero % discount off a new M3/4.
Pray tell why would that benefit the manufacturer? If production was cut enough you would get zero % discount off a new M3/4.
Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
Welshbeef said:
Pray tell why would that benefit the manufacturer?
Owner yes maker not so much.
Because its long term bad business to see your halo models being bargain basement shifted at zero profit to main dealers.Owner yes maker not so much.
When internet discussions are all about how much discount can I get...then you know you have got it wrong.
True the national downturn in new car buying of 10% (far more for expensive cars) may not have been foreseen, but a cut in production
will be on the table just as it was with the E92 M3s back in 2008/9.
You want to set your contracted quota of cars to import less than you expect to sell by at least 1.
Just like the E46 M3 which was unable to be bought at anything less than list early days.
Welshbeef said:
Pray tell why would that benefit the manufacturer?
Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
You can’t really compare a car that’s going for around £80k at 5 years old with a brand new M3/4 at c.£55-57k after discount. They’re completely different markets.Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
If you bought a 5yr old M3 it wouldn’t depreciate very quickly now either.
Max Maxasson said:
Because its long term bad business to see your halo models being bargain basement shifted at zero profit to main dealers.
When internet discussions are all about how much discount can I get...then you know you have got it wrong.
True the national downturn in new car buying of 10% (far more for expensive cars) may not have been foreseen, but a cut in production
will be on the table just as it was with the E92 M3s back in 2008/9.
You want to set your contracted quota of cars to import less than you expect to sell by at least 1.
Just like the E46 M3 which was unable to be bought at anything less than list early days.
Thing is 2008/9 everyone stopped buying cars due to a certain financial crash. So columes were much lower so prices longer term have held up. We have not and do not see that same situation since so there you do. When internet discussions are all about how much discount can I get...then you know you have got it wrong.
True the national downturn in new car buying of 10% (far more for expensive cars) may not have been foreseen, but a cut in production
will be on the table just as it was with the E92 M3s back in 2008/9.
You want to set your contracted quota of cars to import less than you expect to sell by at least 1.
Just like the E46 M3 which was unable to be bought at anything less than list early days.
Look at the E46 or E36 or E39/60/F10 thy all do the same. Big engined Sports Cars lose money period they are wanted by a niche of people
PorkInsider said:
You can’t really compare a car that’s going for around £80k at 5 years old with a brand new M3/4 at c.£55-57k after discount. They’re completely different markets.
If you bought a 5yr old M3 it wouldn’t depreciate very quickly now either.
Agreed the e92 M3 is holding up very well. If you bought a 5yr old M3 it wouldn’t depreciate very quickly now either.
PorkInsider said:
Welshbeef said:
Pray tell why would that benefit the manufacturer?
Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
You can’t really compare a car that’s going for around £80k at 5 years old with a brand new M3/4 at c.£55-57k after discount. They’re completely different markets.Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
If you bought a 5yr old M3 it wouldn’t depreciate very quickly now either.
Also on a F10 M5 my 2 years ownership thread on here that Wills2 is posting on one chap has mentioned the sole thing he hates about it was he paid full list where as so many paid tens of thousands less for brand new in discount.
chibbard said:
I’m on the lookout for a fire orange m3 but there are only 2 for sale on Autotrader and both in separate dealers have actually put the prices up even though they have been for sale for ages. I just don’t get dealers logic.
This is an M4 but more sensible price, not sure if you have seen it or you need the four doors?https://www.exclusiveautosltd.co.uk/used-cars/bmw-...
interstellar said:
This is an M4 but more sensible price, not sure if you have seen it or you need the four doors?
https://www.exclusiveautosltd.co.uk/used-cars/bmw-...
Yes, I’ve seen that thanks. I don’t really want another 2 door (As I’ve already got a Cerbera) and the M3 will be in addition to the Cerbera. Thanks though!!https://www.exclusiveautosltd.co.uk/used-cars/bmw-...
chibbard said:
Yes, I’ve seen that thanks. I don’t really want another 2 door (As I’ve already got a Cerbera) and the M3 will be in addition to the Cerbera. Thanks though!!
I have a friend thats selling his basically fully loaded M3 CP in fire orange (LED headlights, full leather etc)Have pointed him in the direction of this thread
chibbard said:
I’m on the lookout for a fire orange m3 but there are only 2 for sale on Autotrader and both in separate dealers have actually put the prices up even though they have been for sale for ages. I just don’t get dealers logic.
I have a fire orange M3 Comp, 6300 Miles, all the desirable options, adaptive LED’s full leather, HUD, speed limit display, sun protection glass, rear camera, carbon interior trim etcAlso Schnitzer springs and exhaust on it at the moment, M performance carbon spoiler and front end splitters....
Been thinking about an x5M so just wondered what your throughts were...
Welshbeef said:
PorkInsider said:
Welshbeef said:
Pray tell why would that benefit the manufacturer?
Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
You can’t really compare a car that’s going for around £80k at 5 years old with a brand new M3/4 at c.£55-57k after discount. They’re completely different markets.Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
If you bought a 5yr old M3 it wouldn’t depreciate very quickly now either.
Also on a F10 M5 my 2 years ownership thread on here that Wills2 is posting on one chap has mentioned the sole thing he hates about it was he paid full list where as so many paid tens of thousands less for brand new in discount.
People sidestepping the obvious is obvious challenge. Understand why as it’s their own £ in depreciation they are facing v the forecast they had.
Welshbeef said:
Welshbeef said:
PorkInsider said:
Welshbeef said:
Pray tell why would that benefit the manufacturer?
Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
You can’t really compare a car that’s going for around £80k at 5 years old with a brand new M3/4 at c.£55-57k after discount. They’re completely different markets.Owner yes maker not so much.
The M3/4 is a great car but it’s not special or limited like say a 911R it’s a mainstream vehicle.
If you want high retained value buy the GTS or whatever it’s called OR buy a Merc C63 Black series.
If you bought a 5yr old M3 it wouldn’t depreciate very quickly now either.
Also on a F10 M5 my 2 years ownership thread on here that Wills2 is posting on one chap has mentioned the sole thing he hates about it was he paid full list where as so many paid tens of thousands less for brand new in discount.
People sidestepping the obvious is obvious challenge. Understand why as it’s their own £ in depreciation they are facing v the forecast they had.
I can only see a question regarding F10 M5s, which I know nothing about.
I also have no issue with what my M4 is worth, or not worth. I wouldn’t have bought it if it worried me. In fact, I’m toying with the idea of selling it as it’s just not getting any use. I would expect it will have cost me roughly £13-14k in depreciation if I sell it at 1yr old, which it will be at the end of March.
PorkInsider said:
What is it you’re waiting for?
I can only see a question regarding F10 M5s, which I know nothing about.
I also have no issue with what my M4 is worth, or not worth. I wouldn’t have bought it if it worried me. In fact, I’m toying with the idea of selling it as it’s just not getting any use. I would expect it will have cost me roughly £13-14k in depreciation if I sell it at 1yr old, which it will be at the end of March.
A few general posts by owners on the last page or so concerned about the high depreciation and some posting that BMW etc should limit production a lot more for he benefit of owners. I can only see a question regarding F10 M5s, which I know nothing about.
I also have no issue with what my M4 is worth, or not worth. I wouldn’t have bought it if it worried me. In fact, I’m toying with the idea of selling it as it’s just not getting any use. I would expect it will have cost me roughly £13-14k in depreciation if I sell it at 1yr old, which it will be at the end of March.
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