Looking to buy a BMW M4 Competition Pack - Future Values?
Discussion
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.jm doc said:
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.Bought 997 GT3 Gen 1 Brand New December 2007 - cost £89k On the road
Sold it mid 2010 18k miles later for....
£58k
that was a £31k loss in 18k miles.
Worth every penny.
The fact that the same car is now back at retail money is just the bizarre Porsche market we are currently in and should definitely not be used as a bench mark of future values.
I was very happy going in to buy my GT3 thinking every mile is gonna cost me £2 - and I was very happy I bought it.
I have bought M cars since 2004 and accept BMW pricing policy means heavy initial depreciation irrespective of the model. Remember the E46 CSL?
However buying a pre registered car at the right time means at least a 10K saving which after keeping the car for 3/4 years is bearable
financially. My present M3 comp also happens to be quite good!
Experience of OPC is that run of the mill 991's don't hold value that well and the spread between retail/trade is shocking. Why models like the 997GTS are priced north of £70K is difficult to grasp.
However buying a pre registered car at the right time means at least a 10K saving which after keeping the car for 3/4 years is bearable
financially. My present M3 comp also happens to be quite good!
Experience of OPC is that run of the mill 991's don't hold value that well and the spread between retail/trade is shocking. Why models like the 997GTS are priced north of £70K is difficult to grasp.
nbetts said:
jm doc said:
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.Bought 997 GT3 Gen 1 Brand New December 2007 - cost £89k On the road
Sold it mid 2010 18k miles later for....
£58k
that was a £31k loss in 18k miles.
Worth every penny.
The fact that the same car is now back at retail money is just the bizarre Porsche market we are currently in and should definitely not be used as a bench mark of future values.
I was very happy going in to buy my GT3 thinking every mile is gonna cost me £2 - and I was very happy I bought it.
Buy any newish M or AMG and you are in for a depreciation shock...
If you ahve to have somethign that new I would definitey lease..good deals come up - if you can be flexible on when. C63s where at 550 per month a few weeks ago.....
I just bought a 3 year old M5 for 30k with 30k miles on it. Its like new inside and out. I think it will be worth 5k less as a trade in next year...which will make it
a. a great buy for its next owner
b. something i keep another year.
enjoy whatever you do
If you ahve to have somethign that new I would definitey lease..good deals come up - if you can be flexible on when. C63s where at 550 per month a few weeks ago.....
I just bought a 3 year old M5 for 30k with 30k miles on it. Its like new inside and out. I think it will be worth 5k less as a trade in next year...which will make it
a. a great buy for its next owner
b. something i keep another year.
enjoy whatever you do
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