Looking to buy a BMW M4 Competition Pack - Future Values?
Discussion
Hi all,
I’m considering buying a BMW M4, ideally a convertible with competition pack. My budget is limited to around £53k, so I’m looking for a 2016 car, as I can’t afford to go new. It will be a cash purchase.
I’m wondering if anyone is able to offer their thoughts on future values of these cars. My last few cars have been appreciating in value, so I would like to make sure I can budget for a car that will depreciate. If I were to buy a year old, 2016 car, what is the depreciation likely to be over the following year? What’s it likely to be worth towards the end of 2018?
Are there any people on here that have bought on a 3 year lease that have been given guaranteed final value that they could share with me?
Other options are an Audi R8 V10 Spyder (probably just out of budget at the moment), 997 911 S, 991 911 S or a Jaguar F Type V8.
I’m looking for a comfortable sports car that we can use to go touring around Europe in next year. It must be modern, reliable, reasonably comfortable, quick and fun!
Thanks,
Dan
I’m considering buying a BMW M4, ideally a convertible with competition pack. My budget is limited to around £53k, so I’m looking for a 2016 car, as I can’t afford to go new. It will be a cash purchase.
I’m wondering if anyone is able to offer their thoughts on future values of these cars. My last few cars have been appreciating in value, so I would like to make sure I can budget for a car that will depreciate. If I were to buy a year old, 2016 car, what is the depreciation likely to be over the following year? What’s it likely to be worth towards the end of 2018?
Are there any people on here that have bought on a 3 year lease that have been given guaranteed final value that they could share with me?
Other options are an Audi R8 V10 Spyder (probably just out of budget at the moment), 997 911 S, 991 911 S or a Jaguar F Type V8.
I’m looking for a comfortable sports car that we can use to go touring around Europe in next year. It must be modern, reliable, reasonably comfortable, quick and fun!
Thanks,
Dan
In my humble opinion - bank on losing 10k the first year and then a further 5k in year 2.
I would imagine you would get bid around 38k for your 53k example in 18-24 months time
To get a rough feel for this (and it is a rough guide) try tapping the car that you are considering buying into We Buy Any Car and see what the trade will bid for it.
Good Luck - great engine in the M3/M4.
I would imagine you would get bid around 38k for your 53k example in 18-24 months time
To get a rough feel for this (and it is a rough guide) try tapping the car that you are considering buying into We Buy Any Car and see what the trade will bid for it.
Good Luck - great engine in the M3/M4.
So even for a year old car, you think it will loose £10k in the first year of my ownership? That's probably going to be a bit too much for me. I am also considering buying one next year and therefore finding a two year old car, that way someone else has taken two years depreciation, rather than just one.
Edited by zed4 on Thursday 22 June 13:06
homerdog said:
For that budget, how about a Boxster or Cayman, particularly a GTS? Doubt either will depreciate that much, not compared to an M4 anyway. M2 is another option.
Had a Cayman before and really liked it. Would want a convertible if it was to be my weekend car, so the Boxster GTS is a possibility. I have looked at them. On paper they don’t seem all that quick, but I expect they’re very fun to drive. zed4 said:
So even for a year old car, you think it will loose £10k in the first year of my ownership? That's probably going to be a bit too much for me. I am also considering buying one next year and therefore finding a two year old car, that way someone else has taken two years depreciation, rather than just one.
You have to assume the dealer is making money....10% is the ballpark so you automatically lose that on day one. Clearly you can negate some of that if you were to buy privately and sell privately but neither are easy to do and obviously have risks. Edited by zed4 on Thursday 22 June 13:06
These are cars sold in relatively big volumes so an extra 10% a year on top of that in depreciation is fair to assume.
Probably why I have tended to stick with Porsche. Buy sensibly & you'll lose very little or even appreciate. My last three porkers have been very good buys - 997.2 C2S, 981 Spyder & 997.1 turbo. I do still fancy an M4 though at some stage. i know its not all about residuals but i really hate loosing a shed load in depreciation.
Andrew911 said:
Probably why I have tended to stick with Porsche. Buy sensibly & you'll lose very little or even appreciate. My last three porkers have been very good buys - 997.2 C2S, 981 Spyder & 997.1 turbo. I do still fancy an M4 though at some stage. i know its not all about residuals but i really hate loosing a shed load in depreciation.
Porsches are great which is why Ive got a 997.2 turbo, however I bought a new M4 competition pack to replace my M3 as a daily.Andrew911 said:
Excellent. I just don't understand why residuals are not that great on the M4.
Largely because BMW make thousands of them and discount them heavily new.How many times do you read posts like ... "It was cheaper for me to finance a new one than it was to buy the 2-year old used one"
I knew it is a false logic - but that it the market nowadays
nbetts said:
Largely because BMW make thousands of them and discount them heavily new.
How many times do you read posts like ... "It was cheaper for me to finance a new one than it was to buy the 2-year old used one"
I knew it is a false logic - but that it the market nowadays
Yep, very true. Probably why I have done well on my last three porkers - lower volumes, particularly the 981 Spyder I had.How many times do you read posts like ... "It was cheaper for me to finance a new one than it was to buy the 2-year old used one"
I knew it is a false logic - but that it the market nowadays
As a serial M car owner 7 m3s (E46/E92) and m5 (F10),
I can attest to the shocking residuals!
Generally I insulated myself from the worst of it by not buying new.
The chap who had my M5 prior to me paid 80 odd for the car once specced up, Ran it for 20 months and 20k miles, I paid 50 grand for it which I d imagine puts his part ex figure around 44-45 grand. That's not the worse example I ve seen by a long shot.
Bmw seem to be a particular culprit not just on the M cars but also the I8s.
As new M cars tend to be highly anticipated early adopters can expect to pay list price and in for a shock 18 months down the line.
I m currently looking into an M2, and wouldn't dream of buying new.
I can attest to the shocking residuals!
Generally I insulated myself from the worst of it by not buying new.
The chap who had my M5 prior to me paid 80 odd for the car once specced up, Ran it for 20 months and 20k miles, I paid 50 grand for it which I d imagine puts his part ex figure around 44-45 grand. That's not the worse example I ve seen by a long shot.
Bmw seem to be a particular culprit not just on the M cars but also the I8s.
As new M cars tend to be highly anticipated early adopters can expect to pay list price and in for a shock 18 months down the line.
I m currently looking into an M2, and wouldn't dream of buying new.
Andrew911 said:
Probably why I have tended to stick with Porsche. Buy sensibly & you'll lose very little or even appreciate. My last three porkers have been very good buys - 997.2 C2S, 981 Spyder & 997.1 turbo. I do still fancy an M4 though at some stage. i know its not all about residuals but i really hate loosing a shed load in depreciation.
I lost 30k on my 997.2 C2S over 3 years and 50k miles, if you drive a car you tend to lose money no matter what the badge on the front is. Wills2 said:
I lost 30k on my 997.2 C2S over 3 years and 50k miles, if you drive a car you tend to lose money no matter what the badge on the front is.
Blimey. I suppose it depends how new you buy. My 997.2 C2S was six years old - kept it for 18 months - with 55K miles on the clock & lost £2K, the 981 Spyder from new gave me a years free motoring & + £5K. Only had the 997.1 turbo less than six months - but would hope to break even if I keep the car at least 12 months.Andrew911 said:
Wills2 said:
I lost 30k on my 997.2 C2S over 3 years and 50k miles, if you drive a car you tend to lose money no matter what the badge on the front is.
Blimey. I suppose it depends how new you buy. My 997.2 C2S was six years old - kept it for 18 months - with 55K miles on the clock & lost £2K, the 981 Spyder from new gave me a years free motoring & + £5K. Only had the 997.1 turbo less than six months - but would hope to break even if I keep the car at least 12 months.Gassing Station | M Power | Top of Page | What's New | My Stuff