£10k off a newly=new M3?

[Deutscher]

This must be virtualy £10k off new:

http://www.bmw.co.uk/bmwuk/auc/car_details/0,,1260...

The new M3 seems to be taking an even bigger pasting than predicted.

There are pages of demonstrators on the AUC site.

[Pugsey]

[baz1985]

Pugsey said:

agreed. If you're spending £40k+ on car, if you need to save every £k you could, you wouldn't be buying it in the first place!

[LittleBro]

baz1985 said:

Pugsey said:

agreed. If you're spending £40k+ on car, if you need to save every £k you could, you wouldn't be buying it in the first place!

I disagree. I'm looking for a similar priced car (not a BM) and I'm very keen to get as good a deal as I can...at the mo, there seem's to be some real bargains around, not just BMW M's.

Is this a particularly cheap car then? It looks to have a decent spec.

[bmwdrivernigel]

Out of all those listed 17 are ex BMW UK cars ( plates start with a Y ) I would guess that all the others are stealer demos looking at the miles on them.......

[M15ley]

Read the advert again - it is VAT applicable so add 17.5%

[bmwdrivernigel]

M15ley said:

Read the advert again - it is VAT applicable so add 17.5%

Read the advert again - it is VAT qualifying, so deduct 17.5% if registered

[baz1985]

LittleBro said:

baz1985 said:

Pugsey said:

agreed. If you're spending £40k+ on car, if you need to save every £k you could, you wouldn't be buying it in the first place!

I disagree. I'm looking for a similar priced car (not a BM) and I'm very keen to get as good a deal as I can...at the mo, there seem's to be some real bargains around, not just BMW M's.

Is this a particularly cheap car then? It looks to have a decent spec.

in context of depreciation I mean. Of course initial purchase price you'd aim to secure the best.

[Pugsey]

baz1985 said:

LittleBro said:

baz1985 said:

Pugsey said:

agreed. If you're spending £40k+ on car, if you need to save every £k you could, you wouldn't be buying it in the first place!

I disagree. I'm looking for a similar priced car (not a BM) and I'm very keen to get as good a deal as I can...at the mo, there seem's to be some real bargains around, not just BMW M's.

Is this a particularly cheap car then? It looks to have a decent spec.

in context of depreciation I mean. Of course initial purchase price you'd aim to secure the best.

Exactly - the OP seemed to be commenting on depreciation, not whether the car was well priced or not. Cars like this depreciate, that's not exactly breaking news.

[Nano2nd]

bmwdrivernigel said:

M15ley said:

Read the advert again - it is VAT applicable so add 17.5%

Read the advert again - it is VAT qualifying, so deduct 17.5% if registered

how does this work exactly?

[bmwdrivernigel]

Nano2nd said:

bmwdrivernigel said:

M15ley said:

Read the advert again - it is VAT applicable so add 17.5%

Read the advert again - it is VAT qualifying, so deduct 17.5% if registered

how does this work exactly?

If you are VAT registered you can claim the VAT element back on the purchase price, obviously if you sell it ( within 12 months i think ) you repay the 17.5% of the selling price to the VAT man.

[grahamm]

bmwdrivernigel said:

Nano2nd said:

bmwdrivernigel said:

M15ley said:

Read the advert again - it is VAT applicable so add 17.5%

Read the advert again - it is VAT qualifying, so deduct 17.5% if registered

how does this work exactly?

If you are VAT registered you can claim the VAT element back on the purchase price, obviously if you sell it ( within 12 months i think ) you repay the 17.5% of the selling price to the VAT man.

Ordinary VAT registered businesses cannot reclaim VAT on cars. I think the phrase relates to leasing where you can reclaim 50% of the VAT charged on rental payments. I think car hire and leasing companies can reclaim VAT on cars

[oola]

grahamm said:

bmwdrivernigel said:

Nano2nd said:

bmwdrivernigel said:

M15ley said:

Read the advert again - it is VAT applicable so add 17.5%

Read the advert again - it is VAT qualifying, so deduct 17.5% if registered

how does this work exactly?

If you are VAT registered you can claim the VAT element back on the purchase price, obviously if you sell it ( within 12 months i think ) you repay the 17.5% of the selling price to the VAT man.

Ordinary VAT registered businesses cannot reclaim VAT on cars. I think the phrase relates to leasing where you can reclaim 50% of the VAT charged on rental payments. I think car hire and leasing companies can reclaim VAT on cars

Almost. Ordinary businesses can claim 50% of the VAT back as I've done it myself on a new 330Ci Sport in 2001. I did lease it through BMW Finance but I was able to reclaim 50% of the VAT per month of my lease.

[LittleBro]

Pugsey said:

baz1985 said:

LittleBro said:

baz1985 said:

Pugsey said:

agreed. If you're spending £40k+ on car, if you need to save every £k you could, you wouldn't be buying it in the first place!

I disagree. I'm looking for a similar priced car (not a BM) and I'm very keen to get as good a deal as I can...at the mo, there seem's to be some real bargains around, not just BMW M's.

Is this a particularly cheap car then? It looks to have a decent spec.

in context of depreciation I mean. Of course initial purchase price you'd aim to secure the best.

Exactly - the OP seemed to be commenting on depreciation, not whether the car was well priced or not. Cars like this depreciate, that's not exactly breaking news.

Apologies, my misunderstanding. Granted, cars certainly do depreciate!

[eowen]

Deutscher said:

This must be virtualy £10k off new:

http://www.bmw.co.uk/bmwuk/auc/car_details/0,,1260...

The new M3 seems to be taking an even bigger pasting than predicted.

There are pages of demonstrators on the AUC site.

I dont think anyone is suggesting these dont depreciate - but talk to a dealer and they'll have you believe they are selling like hot cakes, there is no chance of a discount and so on.

£10k depreciaion on such an anticipated car is a lot so early on. I dont agree with the comment that someone spending this amoutn of money on a car would care. In 12 months when I come to change cars, I might spend high 30's/low 30's on a car that was 50+ new, and I would certainly care about saving a few quid to minimise the future losses.

[macca]

I expect to lose £10k in the first year and an average of £5k thereafter - will keep for 4 years. My last M3 was bought 1 year old and the first owner lost £11k on it - cars depreciate, first owner takes the biggest hit but has worry free driving for 3 years.

The car quoted is 6 months old, probably an ex demo and RED (this red is not turning people on) - that's why it lost £10k in 6 months. There's plenty out there asking for £50k plus (not sold yet, admittedly).

[laingy]

but if s dealer said, these cars do depreciate and you will lose 10k straight away no-one would buy them. BMW have done this for years (creating a belief they are depreciation proof), all cars depreciate and if you dont lose 50% over 3 years you are doing well. Budget for that and you wont be far wrong on most cars.

[Deutscher]

oola said:

grahamm said:

bmwdrivernigel said:

Nano2nd said:

bmwdrivernigel said:

M15ley said:

Read the advert again - it is VAT applicable so add 17.5%

Read the advert again - it is VAT qualifying, so deduct 17.5% if registered

how does this work exactly?

If you are VAT registered you can claim the VAT element back on the purchase price, obviously if you sell it ( within 12 months i think ) you repay the 17.5% of the selling price to the VAT man.

Ordinary VAT registered businesses cannot reclaim VAT on cars. I think the phrase relates to leasing where you can reclaim 50% of the VAT charged on rental payments. I think car hire and leasing companies can reclaim VAT on cars

Almost. Ordinary businesses can claim 50% of the VAT back as I've done it myself on a new 330Ci Sport in 2001. I did lease it through BMW Finance but I was able to reclaim 50% of the VAT per month of my lease.

The VAT on lease payments is a separate issue to VAT on the purchase price of a car.

The fact the car is VAT qualifying means, for example, that a leasing company could buy it and get the VAT back.

Ordinary businesses cannot claim back the VAT on purchase.

[Deutscher]

eowen said:

I dont think anyone is suggesting these dont depreciate - but talk to a dealer and they'll have you believe they are selling like hot cakes, there is no chance of a discount and so on.

£10k depreciaion on such an anticipated car is a lot so early on. I dont agree with the comment that someone spending this amoutn of money on a car would care. In 12 months when I come to change cars, I might spend high 30's/low 30's on a car that was 50+ new, and I would certainly care about saving a few quid to minimise the future losses.

Exactly.

[Vesuvius 996]

These cars are going to be seriously good value in six months.

Teh economy is going t1ts up, housing market's going t1ts up, and people are not spending money on new M3s, 997s and the like as they can't raise the capital on their overpriced hosues.


So prices are falling.



Simple supply and demand.