F90 M5 Competition

[JMBMWM5]

BennyboyG said:

Hopefully this thread is still going. In short long term viewer first time poster and am after some advice. Have finally decided to take the plunge on an M5. Technically I don’t need the car until Feb when my company car goes back but clearly due to build times and deals am starting the process to buy. Lining up some tests in Sept to decide whether to get Comp or Standard and have got some quotes from Broadspeed/Carwow etc.. to get ideas on pricing.

The spread on deals seems quite vast and if you’re relatively flexible on spec seems like there are some deals to be had. As I see it depreciation or mthly is circa £850 per mth. Hence with insurance if I pick up are car in Sept/Oct I have £4000 of cost before I really need the car in Feb.

I also hear rumours that new car orders have a new dash/larger console and that the Standard is dropped for new orders, Comp only. Obviously can’t state my preference until i’ve driven one.

Apologies for all the background but getting to the crux on commercials. The way I view it, new car I can pick my exact spec, get a healthy discount but the way I am targeting the cost is to ignore the discount and simply look at the total cost of the car over 48 mths I.e. inc Balloon. Vs a Cash purchase of a nearly new car/max 12 mths and assume that for that car I’d keep it for 36mths i.e the car would be 48mths old, same as a new.

I definitely wouldn’t finance a used car due to higher APR but would finance a new one. I see plenty of used Comp’s at between £70-78k vs Standards £65-70k

Seems with finance deals on standards I can get to about £74k net over the 48mths inc balloon. Comp’s seem much higher, circa £12k more yet I see some people claiming to get a comp for £78k new.

What target should I be aiming for and am I looking at things the right way?

Should I buy now with current big savings and take the £4K depreciation hit or wait to order in December?

I assume that you can still get BMW finance deal on new in port car vs standard finance deal on a Pre-Reg?

Finally outside of aesthetics, apart from Sports Exhaust(standard) and Comfort Pack are there any must have extra’s on the car.

Apologies, having been a company car driver for the last 15 years it’s all new to me and just trying to ensure I make the right calcs when executing the deal.

As I said, I am making appointments with local dealers but don’t want to get caught out as a new buyer and taken for a ride.

Thank you in advance for the help. Really appreciated, excited after so many company car years to pick a car that I want!

Test drive both before jumping, the STD cars are cheaper at the moment to get shot of old stock, No more orders after September for the STD cars, only Comp M5's.
Deals at the moment have dried up on great new Comp cars, I paid £78K for a fully loaded new M5 Comp, you wont get that now.
A pre-reg car would be a good bet if you buy cash (i did) might not get the % interest you desire on this PCP lark.
After October a premium MAY be put on all Imported German cars , so you take your chances.
Prices may go either way by the time you need to change, again Pot Luck.
Depending on just what your prepared to accept Extra wise, you could do a good deal now.
I have all the toys, Adaptive cruise has never been on my radar but it has proved great in traffic and some slow Motorway driving.
I have heated /cooling /Massage seats, nice but not essential. Most STD stuff is good enough for many, good Luck.
Depreciation will be a factor on these cars, swallow it or steer clear.

[BennyboyG]

Thanks JMBMWM5. I think I’ve got my head around the depreciation. You either take the hit for it monthly on a PCP or pay cash up front and take the hit when you sell. Either way the depreciation is what it is and I accept it.

Am booking time with a dealer to test drive both and will also get chance to see what stock (if any) is left. In a good position being able to pay cash if a bargain arises.

The ‘Brexit’ question is one I had thought about. I know that Porsche have added a clause in their new car contracts and don’t know if BMW would do the same on any new car that was to be delivered after Oct 31st.

I had thought about securing a deal in Sept but asking for delivery in Dec so I’m only taking a two month overlap with company car. I’m fortunate enough to have a large drive so having the car early won’t be an issue other than dual car cost.

Will feedback after test drives. Gutted about the big disc% have gone on Comp’s your’s seems like a bargain.

Thanks again for the help.

[JMBMWM5]

BennyboyG said:

Thanks JMBMWM5. I think I’ve got my head around the depreciation. You either take the hit for it monthly on a PCP or pay cash up front and take the hit when you sell. Either way the depreciation is what it is and I accept it.

Am booking time with a dealer to test drive both and will also get chance to see what stock (if any) is left. In a good position being able to pay cash if a bargain arises.

The ‘Brexit’ question is one I had thought about. I know that Porsche have added a clause in their new car contracts and don’t know if BMW would do the same on any new car that was to be delivered after Oct 31st.

I had thought about securing a deal in Sept but asking for delivery in Dec so I’m only taking a two month overlap with company car. I’m fortunate enough to have a large drive so having the car early won’t be an issue other than dual car cost.

Will feedback after test drives. Gutted about the big disc% have gone on Comp’s your’s seems like a bargain.

Thanks again for the help.

You've got your head screwed on and thats a good thing, keep in touch.

[Phil.]

Benny, don’t discount the pre-reg’s unless they don’t fit your approach finance. Here is a good example, delivery miles, we’ll spec’d Comp at £76.5k before haggling.

https://www.autotrader.co.uk/classified/advert/201...

[Terminator X]

HSimon said:

Terminator X said:

Just a quick one, first time experience of "gunshots" from the exhaust - at lights on a r/bout, needed to get ahead of car on left so gunned it from lights followed by straight off the accelerator no braking. Sounded immense

TX.

Edit - sports+ exhaust of course.

Now go out and try and recreate it every time, let me know how you get on

Manual in 2nd, accelerate up to 4-5k revs then back off. Works every time. Had all the windows open today due to the heat and it sounded even better!

TX.

[BennyboyG]

Phil. said:

Benny, don’t discount the pre-reg’s unless they don’t fit your approach finance. Here is a good example, delivery miles, we’ll spec’d Comp at £76.5k before haggling.

https://www.autotrader.co.uk/classified/advert/201...

Thanks Phil, there is definitely a lot around. Fortunately I don’t need finance so a good deal on a pre-reg would be fine. The one you show is good spec with Premium and Comfort pack. Really just need to drive them and decide. The circa £8-10k less on the Pre-reg is certainly tempting.

[Max Maxasson]

Phil. said:

Benny, don’t discount the pre-reg’s unless they don’t fit your approach finance. Here is a good example, delivery miles, we’ll spec’d Comp at £76.5k before haggling.

https://www.autotrader.co.uk/classified/advert/201...

They have 3!

[Phil.]

Max Maxasson said:

They have 3!

Come 1st Sept those pre-reg 19 plates are only going lower in price

I bought my Comp pre-reg in April with delivery miles. It retailed at £103k and I picked it up for £76k.

[R.Sole]

Phil. said:

Max Maxasson said:

They have 3!

Come 1st Sept those pre-reg 19 plates are only going lower in price

I bought my Comp pre-reg in April with delivery miles. It retailed at £103k and I picked it up for £76k.

Buyer for a BMW dealership was at a closed auction and they couldn't get bids of £50k on a 3k mile BMW owned M5.

[BennyboyG]

Sounds like a buyers market then. Not bad when it’s something you actually want to buy.

[anonymous-user]

Better leaving them somewhere and them getting robbed than the dealer selling at those prices surely. 50k?

[Burwood]

R.Sole said:

Phil. said:

Max Maxasson said:

They have 3!

Come 1st Sept those pre-reg 19 plates are only going lower in price

I bought my Comp pre-reg in April with delivery miles. It retailed at £103k and I picked it up for £76k.

Buyer for a BMW dealership was at a closed auction and they couldn't get bids of £50k on a 3k mile BMW owned M5.

And yet you make calls as I did last week and get offered 8-1€k on stock cars

[R.Sole]

Burwood said:

R.Sole said:

Phil. said:

Max Maxasson said:

They have 3!

Come 1st Sept those pre-reg 19 plates are only going lower in price

I bought my Comp pre-reg in April with delivery miles. It retailed at £103k and I picked it up for £76k.

Buyer for a BMW dealership was at a closed auction and they couldn't get bids of £50k on a 3k mile BMW owned M5.

And yet you make calls as I did last week and get offered 8-1€k on stock cars

What is 8-1€k ?

[Burwood]

10k gbp. Sorry

[R.Sole]

Burwood said:

10k gbp. Sorry

£10k discount on new M5s?

[Burwood]

R.Sole said:

Burwood said:

10k gbp. Sorry

£10k discount on new M5s?

That’s my point. Some dealers must be uninterested.

[M5 London]

Burwood said:

That’s my point. Some dealers must be uninterested.

Sure and that's their loss...perhaps.

Quick look online and I can see advertised discounts of £24K / £25K / £26K (and that's before you start negotiating)

[BennyboyG]

M5 London said:

Burwood said:

That’s my point. Some dealers must be uninterested.

Sure and that's their loss...perhaps.

Quick look online and I can see advertised discounts of £24K / £25K / £26K (and that's before you start negotiating)

From what I’ve seen the big discounts appear to be on the ‘Standard’ only. On Comp the discounts seem to max out around £18k currently on new. The Pre-reg’s Phil sent out yesterday seem to be good value if you don’t want a new order/new cockpit and need finance.

Sent some emails today to arrange visits to dealers and to arrange a test drive of both models. Still undecided on doing a deal pre-Brexit taking the depreciation as I don’t need the car until Feb or waiting until nearer Feb and going used/stock as I absolutely must have a car by mid Feb.

[Burwood]

M5 London said:

Burwood said:

That’s my point. Some dealers must be uninterested.

Sure and that's their loss...perhaps.

Quick look online and I can see advertised discounts of £24K / £25K / £26K (and that's before you start negotiating)

That was my mistake. I didn't look online prior to calling. I just contacted the few local ones. Cheers

[Max Maxasson]

Myself....I think the current massive discounts on M5s are going to be fairly short lived.
Once the excess stock of standard M5s (around 45 cars) has washed through the system then prices should settle down a little.
Reminds me a bit when BMW had to dump a load of new unreg E90 M3 saloons fairly cheaply. Once they were sold prices went back to normal.
If there is anyone with half a brain at the importer, they ought to cut back on the total number of M cars they factory order that aren't pre-sold until the market settles after Brexit.