£10k off a newly=new M3?
Discussion
Super Ted said:
On the OP topic.
Shame that BMW have 'dumped' all their cars now they are six months old though. They should be careful of a niche product and ruining residuals just so their staff can drive an M3.
Don't think BMW have "dumped" the cars, from what I have been told only Directors car get their hands on the M3 so I imagine this would limit them to a handful of people in the UK.Shame that BMW have 'dumped' all their cars now they are six months old though. They should be careful of a niche product and ruining residuals just so their staff can drive an M3.
Edited by Super Ted on Tuesday 11th March 21:35
Chippers54 said:
Super Ted said:
On the OP topic.
Shame that BMW have 'dumped' all their cars now they are six months old though. They should be careful of a niche product and ruining residuals just so their staff can drive an M3.
Don't think BMW have "dumped" the cars, from what I have been told only Directors car get their hands on the M3 so I imagine this would limit them to a handful of people in the UK.Shame that BMW have 'dumped' all their cars now they are six months old though. They should be careful of a niche product and ruining residuals just so their staff can drive an M3.
Edited by Super Ted on Tuesday 11th March 21:35
Just to clarify my position. Of course I 'care' that a new car I buy will depreciate by £10k in it's first year. BUT, being reasonably bright I knew that when I bought it, took the decision that that was an acceptable 'loss' in return for all the advantages and pleasures of owning the car and absolutely WON'T be either loosing sleep over it during my ownership of the car or bleating on and on about it come re-sale.
As for the comment that BMW wouldn't sell M3s if their salesman were 'honest' about depreciation, if someone with the ability to spend £50k+ on a car can't work out what it's going to cost for themselves given the market over the last few years - tough. They're probably the same numpties who thought owing 110% on their houses to finance their lifestyle was a good idea...........
As for the comment that BMW wouldn't sell M3s if their salesman were 'honest' about depreciation, if someone with the ability to spend £50k+ on a car can't work out what it's going to cost for themselves given the market over the last few years - tough. They're probably the same numpties who thought owing 110% on their houses to finance their lifestyle was a good idea...........
Pugsey said:
Just to clarify my position. Of course I 'care' that a new car I buy will depreciate by £10k in it's first year. BUT, being reasonably bright I knew that when I bought it, took the decision that that was an acceptable 'loss' in return for all the advantages and pleasures of owning the car and absolutely WON'T be either loosing sleep over it during my ownership of the car or bleating on and on about it come re-sale.
As for the comment that BMW wouldn't sell M3s if their salesman were 'honest' about depreciation, if someone with the ability to spend £50k+ on a car can't work out what it's going to cost for themselves given the market over the last few years - tough. They're probably the same numpties who thought owing 110% on their houses to finance their lifestyle was a good idea...........
LOL - you just say what you think Pugs me old mate...don't hold back!! As for the comment that BMW wouldn't sell M3s if their salesman were 'honest' about depreciation, if someone with the ability to spend £50k+ on a car can't work out what it's going to cost for themselves given the market over the last few years - tough. They're probably the same numpties who thought owing 110% on their houses to finance their lifestyle was a good idea...........
jezzaaa said:
Pugsey said:
Just to clarify my position. Of course I 'care' that a new car I buy will depreciate by £10k in it's first year. BUT, being reasonably bright I knew that when I bought it, took the decision that that was an acceptable 'loss' in return for all the advantages and pleasures of owning the car and absolutely WON'T be either loosing sleep over it during my ownership of the car or bleating on and on about it come re-sale.
As for the comment that BMW wouldn't sell M3s if their salesman were 'honest' about depreciation, if someone with the ability to spend £50k+ on a car can't work out what it's going to cost for themselves given the market over the last few years - tough. They're probably the same numpties who thought owing 110% on their houses to finance their lifestyle was a good idea...........
LOL - you just say what you think Pugs me old mate...don't hold back!! As for the comment that BMW wouldn't sell M3s if their salesman were 'honest' about depreciation, if someone with the ability to spend £50k+ on a car can't work out what it's going to cost for themselves given the market over the last few years - tough. They're probably the same numpties who thought owing 110% on their houses to finance their lifestyle was a good idea...........
Must admit nursey had to retrieve some of the toys I'd hurled round the room during writing that. I feel much better for it though!I'm wondering if the fate of the economy is not responsible as there are loads of M3 V8s on autotrader at around £47K with only a couple of thou on the clock.
My local dealer made out that they were as rare as hen's teeth as he tried to sell me a cancelled order for it's full asking price. You have to ask yourself that if the car is so great why are there so many nearly new ones on the market?
Well if I manage to keep making money during these lean times (difficult), I might be picking up a bargain in a year's time, I hope.
My local dealer made out that they were as rare as hen's teeth as he tried to sell me a cancelled order for it's full asking price. You have to ask yourself that if the car is so great why are there so many nearly new ones on the market?
Well if I manage to keep making money during these lean times (difficult), I might be picking up a bargain in a year's time, I hope.
People are being more cautious about how they spend their money until things start to settle down and confidence is on the up. This will take time and will mean there are bargains to be had. However the prices do seem to vary depending on spec e.g. if the have more expensive options such as EDC (which is great by the way). Some of the cars are propbably speculators who want to free up their cash as they're aren't going to make a mint like they did on the last one. The rest, like previous posters have mentioned will be ex-demo cars or people who can't afford them and need the money to pay the mortgage.
Personally I took advantage of the prices and bought one with a few thoudand miles on it but I did make a great saving off list. Yes it will depreciate further as I put more miles on it but there are few cars that won't. Buy one, drive it and have fun as long as you are aware of the costs involved and you can afford it.
I can imagine however the depreciation won't be as horrific as my petrol Range Rover or the DB7 Vantage I had. Talk about free fall.... but I was sorry to see the RR go as it was a great car for what it did.
Now stop being accountants and start driving people!
Personally I took advantage of the prices and bought one with a few thoudand miles on it but I did make a great saving off list. Yes it will depreciate further as I put more miles on it but there are few cars that won't. Buy one, drive it and have fun as long as you are aware of the costs involved and you can afford it.
I can imagine however the depreciation won't be as horrific as my petrol Range Rover or the DB7 Vantage I had. Talk about free fall.... but I was sorry to see the RR go as it was a great car for what it did.
Now stop being accountants and start driving people!
Edited by GameOverMan! on Sunday 30th March 10:19
House prices are still above where they were this time last year so I don't really see why this has an impact on M3 prices, those that are feeling the pinch are those that have overspent and borrowed heavily, I doubt many of those are the same people that can afford a 50K+car. The fact of the matter is that BMW's are not niche products and the M3 is not a low volume car and supply is not restricted...anyone that thought that they would hold their value is a mug. All cars devalue..expensive cars devalue more, end of, part of the reason why I would never buy anything like this new, I accept the loss because it's a great car for my needs but I'm not stupid or rich enough to be able to overlook a healthy saving so I bought a high spec demo for 8k under list, from what i can see the market is still at the same level as when I bought in Jan, there were newish red cars for 48k then so what's changed
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