Glad i Cancelled My F90!!
Discussion
Very rare i'm the recipient of any good luck when it comes to the financial aspects of Vehicle ownership, but i'd be lying if i didn't mention how much i'm gloating today
Was a tough choice to cancel my F90 M5 order, which i'd have been driving now as was in the first batch of UK deliveries, but that choice has now been made 1000% easier to cope with given BMW have announced the F90 M5 Competition.
Not sure i could describe how p1$$ed off i'd have been today knowing in 2 months a better F90 M5 will be hitting the streets. Can't help thinking that BMW have dropped the ball completely with this somewhat surprising move, as the early adopters which nearly included myself will be fuming today & who in their right mind is going to be buying the current epitome of M's, knowing a slightly better one is within reach & only a few weeks away. Surely this will decimate the current order F90 M5 book for the standard model & slaughter the residuals.
The only saving grace, which the cynic in me thinks must be arriving before the end of the year, is the raft of great Lease deals on the standard F90 M5, as i can't see how BMW can fill the required build slots without the deals. Far easier to commit to the lower spec car knowing you've got it for peanuts.
Was a tough choice to cancel my F90 M5 order, which i'd have been driving now as was in the first batch of UK deliveries, but that choice has now been made 1000% easier to cope with given BMW have announced the F90 M5 Competition.
Not sure i could describe how p1$$ed off i'd have been today knowing in 2 months a better F90 M5 will be hitting the streets. Can't help thinking that BMW have dropped the ball completely with this somewhat surprising move, as the early adopters which nearly included myself will be fuming today & who in their right mind is going to be buying the current epitome of M's, knowing a slightly better one is within reach & only a few weeks away. Surely this will decimate the current order F90 M5 book for the standard model & slaughter the residuals.
The only saving grace, which the cynic in me thinks must be arriving before the end of the year, is the raft of great Lease deals on the standard F90 M5, as i can't see how BMW can fill the required build slots without the deals. Far easier to commit to the lower spec car knowing you've got it for peanuts.
Andy M said:
A move we all knew was coming. The specs look decent enough.
When you negotiate Paul, grab one for me too will you?
To be honest Andy, i wasn't expecting the rumours to hold that much truth as knew it would be a potentially suicidal move by BMW M to launch the Competition (although the rumours didn't see it as a side brand, just the Competition Pack).When you negotiate Paul, grab one for me too will you?
I did expect this model to perhaps arrive towards the end of 2019, but certainly not mid-late 2018.
I'll be holding firm for the time being as can see some epic deals on the standard F90 M5 being around the corner.
BMW should have made the Competition Pack model a limited edition version or only had a limited allocation for 2018. It would have protected the regular F90 M5 orders and created extra demand for the CP model and kept both models desirable.
Instead, they've made a real dogs dinner of the whole situation and the regular version is going to be hammered on residuals.
Instead, they've made a real dogs dinner of the whole situation and the regular version is going to be hammered on residuals.
Unfortunately I made this mistake with the M2 LCI.
Rush of blood end of Jan and a new Competition version is due in a few months.
I knew it was coming and some of the minor changes but man they have gone overboard.
Glad you didn't make the same mistake I did. Have a few years of regret ahead of me.
Rush of blood end of Jan and a new Competition version is due in a few months.
I knew it was coming and some of the minor changes but man they have gone overboard.
Glad you didn't make the same mistake I did. Have a few years of regret ahead of me.
w8pmc said:
I'll be holding firm for the time being as can see some epic deals on the standard F90 M5 being around the corner.
As has been mentioned, I think the residuals of the standard car will take a hammering as a result of this move (unless the automotive press state that the Competition suspension is too hard for UK roads etc), and as a result I'd only take a standard car on lease.Given there is a Panamera Turbo and Turbo S and the E63 and E63S, two M5 models is not altogether surprising.
And if you knew there were two models, you’d take your choice to suit your needs.
Problem is BMW have messed up big time. In my view, should have introduced both models at the same time.
And if you knew there were two models, you’d take your choice to suit your needs.
Problem is BMW have messed up big time. In my view, should have introduced both models at the same time.
pjv997 said:
Given there is a Panamera Turbo and Turbo S and the E63 and E63S, two M5 models is not altogether surprising.
And if you knew there were two models, you’d take your choice to suit your needs.
Problem is BMW have messed up big time. In my view, should have introduced both models at the same time.
It's a fair point, albeit i think the differences between Porsche's Turbo & Turbo S range are fairly significant & considerably more than the now 2 M5's. Not well up on AMG's so no idea on the difference other than more grunt between the 63/S.And if you knew there were two models, you’d take your choice to suit your needs.
Problem is BMW have messed up big time. In my view, should have introduced both models at the same time.
I'd really struggle to justify shelling out a s
t load of cash on a lesser model, when the Halo model would you'd think at these cost levels be achievable. If the Competition 'isn't' worth the extra outlay then the standard M5 would of course be more than enough. Sure i read somewhere that the F10 M5 CP outsold the regular car by over 2:1 & i think the price difference was around £6/7k. No idea if those figures include the raft of cheap lease cars, but if it does then that figure is probably closer to 4:1 as i don't recall deals ever being available on the CP.Perhaps as above, this will lead to BMW giving away the regular F90 M5 on silly cheap lease deals, whilst then driving a wedge between the Competition as that would be acquired for a retrospectively much higher value. That could certainly see me still proceed with the F90 & i'd choose of course the standard car, however if that isn't the case then i can't see many regular F90 M5's hitting the streets.
as7920 said:
Unfortunately I made this mistake with the M2 LCI.
Rush of blood end of Jan and a new Competition version is due in a few months.
I knew it was coming and some of the minor changes but man they have gone overboard.
Glad you didn't make the same mistake I did. Have a few years of regret ahead of me.
But you would've needed to wait for the best part of a year for the new car and you likely got a pretty big discount on your current car which you won't get on the comp. But most importantly you are driving an awesome car - life's too short for regrets, someone's always got something better than you've got!!!!!!Rush of blood end of Jan and a new Competition version is due in a few months.
I knew it was coming and some of the minor changes but man they have gone overboard.
Glad you didn't make the same mistake I did. Have a few years of regret ahead of me.
Do BMW really care?
Do customers who are likely buying an M5 on credit with an agreed trade in value care either?
Has anyone tried a CP and know it’s a no-brainer upgrade/option with no compromises?
Ie, will it just add a proportion more to resale value in line with the package cost?
BMW are ultimately out to make money and make cars.
The tiny handful of M5 owner sales profit margin is probably irrelevant to them.
The halo is all that matters and the CP probably exists to bolster the halo, not owners residual concerns.
Do customers who are likely buying an M5 on credit with an agreed trade in value care either?
Has anyone tried a CP and know it’s a no-brainer upgrade/option with no compromises?
Ie, will it just add a proportion more to resale value in line with the package cost?
BMW are ultimately out to make money and make cars.
The tiny handful of M5 owner sales profit margin is probably irrelevant to them.
The halo is all that matters and the CP probably exists to bolster the halo, not owners residual concerns.
Seems like a big strategic balls up from a company that plays the game well usually. Is the E63 that much better or are they jumping at shadows? Must admit I haven't seen too much in the new M5 but haven't felt the same excitement either as I did at release of the earlier models.
Still if I can get a 6 +23 at £650pm I will be looking closely
Still if I can get a 6 +23 at £650pm I will be looking closely
mondie said:
Seems like a big strategic balls up from a company that plays the game well usually. Is the E63 that much better or are they jumping at shadows? Must admit I haven't seen too much in the new M5 but haven't felt the same excitement either as I did at release of the earlier models.
Still if I can get a 6 +23 at £650pm I will be looking closely
From a test drive of the non-competition M5, my own opinion was that the E63 IS a lot better and I saw no reason to change (so cancelled my order). Who knows what the CP will add, but I'd agree with the OP on the idiocy of BMW on this one. Its a road trodden recently by McLaren and their "launch a car a week" strategy, and look what that's doing to some of the residuals. I realise that most of these companies make too much money to care about what a few of their customers may think, but its still a bad way to treat people throwing 100k at you!Still if I can get a 6 +23 at £650pm I will be looking closely
DeltaOne said:
From a test drive of the non-competition M5, my own opinion was that the E63 IS a lot better and I saw no reason to change (so cancelled my order). Who knows what the CP will add, but I'd agree with the OP on the idiocy of BMW on this one. Its a road trodden recently by McLaren and their "launch a car a week" strategy, and look what that's doing to some of the residuals. I realise that most of these companies make too much money to care about what a few of their customers may think, but its still a bad way to treat people throwing 100k at you!
Coopers have lost a couple of potential buyers, they dropped out to wait for the CP. They have the Black with Beige interior one in the showroom, does not look much in that colour scheme and 7K extras with NO sports Exhaust.!!!. £98K w8pmc said:
Sure i read somewhere that the F10 M5 CP outsold the regular car by over 2:1 & i think the price difference was around £6/7k. No idea if those figures include the raft of cheap lease cars, but if it does then that figure is probably closer to 4:1 as i don't recall deals ever being available on the CP
Surprising if true as competition pack F10's are relatively few and far between on the used market. I think this could be the case for the F80 M3 though as the standard model was not viewed that favourably at launch and the CP was seen as a major improvement.
The initial reviews of the F90 are very positive, so I would expect plenty of resale value in the standard car. There will always be people who want the very best and I can see why they would be annoyed by the timing here, but I also think there will be many who can't justify an extra £7k to 'tweak' a car that is already epic.
Elysium said:
Surprising if true as competition pack F10's are relatively few and far between on the used market.
I think this could be the case for the F80 M3 though as the standard model was not viewed that favourably at launch and the CP was seen as a major improvement.
The initial reviews of the F90 are very positive, so I would expect plenty of resale value in the standard car. There will always be people who want the very best and I can see why they would be annoyed by the timing here, but I also think there will be many who can't justify an extra £7k to 'tweak' a car that is already epic.
I suspect the extra £7k is not a huge deal if you're already planning to spend that much. Man maths would tell me, why bother getting the standard when for a 'fraction' more I can have the CP. Although that fraction could buy another car, at point of sale (esp if on finance/lease) I doubt £7k would actually register as £7k ... if you know what I meanI think this could be the case for the F80 M3 though as the standard model was not viewed that favourably at launch and the CP was seen as a major improvement.
The initial reviews of the F90 are very positive, so I would expect plenty of resale value in the standard car. There will always be people who want the very best and I can see why they would be annoyed by the timing here, but I also think there will be many who can't justify an extra £7k to 'tweak' a car that is already epic.
Pioneer said:
Elysium said:
Surprising if true as competition pack F10's are relatively few and far between on the used market.
I think this could be the case for the F80 M3 though as the standard model was not viewed that favourably at launch and the CP was seen as a major improvement.
The initial reviews of the F90 are very positive, so I would expect plenty of resale value in the standard car. There will always be people who want the very best and I can see why they would be annoyed by the timing here, but I also think there will be many who can't justify an extra £7k to 'tweak' a car that is already epic.
I suspect the extra £7k is not a huge deal if you're already planning to spend that much. Man maths would tell me, why bother getting the standard when for a 'fraction' more I can have the CP. Although that fraction could buy another car, at point of sale (esp if on finance/lease) I doubt £7k would actually register as £7k ... if you know what I meanI think this could be the case for the F80 M3 though as the standard model was not viewed that favourably at launch and the CP was seen as a major improvement.
The initial reviews of the F90 are very positive, so I would expect plenty of resale value in the standard car. There will always be people who want the very best and I can see why they would be annoyed by the timing here, but I also think there will be many who can't justify an extra £7k to 'tweak' a car that is already epic.
w8pmc said:
Sure i read somewhere that the F10 M5 CP outsold the regular car by over 2:1 & i think the price difference was around £6/7k. No idea if those figures include the raft of cheap lease cars, but if it does then that figure is probably closer to 4:1 as i don't recall deals ever being available on the CP.
There were only 785 CP M5's in RHD for the European market in comparison to over 5000 standard M5's according to M registry. In the UK the CP is even rarer with only 129 ever registered according to the website 'How many left '.
On another note, the F90 M5 on at the Nordschliefe (amazing time!):
https://youtu.be/LKucFZOUb-I
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