F10 M5 and rivals

F10 M5 and rivals

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Discussion

TheAngryDog

12,407 posts

209 months

Sunday 4th March 2018
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Welshbeef said:
TheAngryDog said:
Anyone looking at a £20k 130k mile F10 can't afford an F10 M5.
What utter utter rubbish.
The delicious irony of your statement. Why pay £20k for something that has the potential to through a huge issue that while you may be able to get a warranty from BMW (Drive line only at this mileage) it has a £5k Inc vat limit. Not worth the risk when you can pick up M5's with much less miles and can qualify for a comprehensive warranty for around £25k.

For reference, the driveline warranty is just under £5k a year for this car and the comprehensive can be had for under £1700 on a qualifying car.

Welshbeef

49,633 posts

198 months

Sunday 4th March 2018
quotequote all
TheAngryDog said:
Welshbeef said:
TheAngryDog said:
Anyone looking at a £20k 130k mile F10 can't afford an F10 M5.
What utter utter rubbish.
The delicious irony of your statement. Why pay £20k for something that has the potential to through a huge issue that while you may be able to get a warranty from BMW (Drive line only at this mileage) it has a £5k Inc vat limit. Not worth the risk when you can pick up M5's with much less miles and can qualify for a comprehensive warranty for around £25k.

For reference, the driveline warranty is just under £5k a year for this car and the comprehensive can be had for under £1700 on a qualifying car.
Same could be said of that PH who bought the £17k 456 Ferrari.


But those numbers you state above certainly changes the deal somewhat.

So basically it appears that this sub £20k M5 is in reality unsaleable.

TheAngryDog

12,407 posts

209 months

Sunday 4th March 2018
quotequote all
I'll agree on the 456, but it is a car worth taking a punt on. A 130k mile F10 M5 isn't.

I don't think that it is unsaleable, but you'd need to be brave to buy it when for not much more money you can get something much better and cover it more comprehensively.

Welshbeef

49,633 posts

198 months

Sunday 4th March 2018
quotequote all
TheAngryDog said:
I'll agree on the 456, but it is a car worth taking a punt on. A 130k mile F10 M5 isn't.

I don't think that it is unsaleable, but you'd need to be brave to buy it when for not much more money you can get something much better and cover it more comprehensively.
Looking at autotrader there is another on 109k for £23k and then the next is £26k for sub 70k Miles.

So really you are paying £6k more or 30% extra to get the miles to a sensible level.


I guess for me if I bought the 150k mile version and ran it for 3 years it would be showing 210k and it’s a 2011 so would be 10 years old. What would that be worth?
Conversely buying the £26k one it would have 130k miles after my 3 years

TheAngryDog

12,407 posts

209 months

Sunday 4th March 2018
quotequote all
Welshbeef said:
TheAngryDog said:
I'll agree on the 456, but it is a car worth taking a punt on. A 130k mile F10 M5 isn't.

I don't think that it is unsaleable, but you'd need to be brave to buy it when for not much more money you can get something much better and cover it more comprehensively.
Looking at autotrader there is another on 109k for £23k and then the next is £26k for sub 70k Miles.

So really you are paying £6k more or 30% extra to get the miles to a sensible level.


I guess for me if I bought the 150k mile version and ran it for 3 years it would be showing 210k and it’s a 2011 so would be 10 years old. What would that be worth?
Conversely buying the £26k one it would have 130k miles after my 3 years
The 109k one makes no sense if you want a warranty over the 130k one as the cost is the same.

In 3 years at 200k plus miles it wouldn't be worth any more than £12k at a push. Possibly and very probably less.

The sub 70k one in 3 years id say would be mid to high teens. But it all depends on how and if the g30 affects the values. Plus on going warranty costs if you decide to carry on with one.

Welshbeef

49,633 posts

198 months

Sunday 4th March 2018
quotequote all
TheAngryDog said:
The 109k one makes no sense if you want a warranty over the 130k one as the cost is the same.

In 3 years at 200k plus miles it wouldn't be worth any more than £12k at a push. Possibly and very probably less.

The sub 70k one in 3 years id say would be mid to high teens. But it all depends on how and if the g30 affects the values. Plus on going warranty costs if you decide to carry on with one.
So mid teens £15k that means in 3 years it’s depreciated £11k or £305pcm.
Is that the sweet spot of buying for a pcm depreciation perspective ? Or is a £30/35k version a superior buy

tjlazer

Original Poster:

875 posts

174 months

Sunday 4th March 2018
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Well chaps I've learned a couple more things about my M5 this weekend...first it can carry a family of five without a Multimac (though I'm going to buy one shortly for longer haul trips this summer). Secondly the speed limiter is more useful than cruise control. Stick at something sensible and you can drive without risking losing you licence and liberty - bonus! It is very comfortable and it should have had the valve mod from the factory, it's a nice extra bit burble, no drone. Do it if you haven't already!