2023 CSL - Dealer has called

2023 CSL - Dealer has called

Author
Discussion

CONNORRS500

Original Poster:

44 posts

124 months

Thursday 9th March 2023
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Hi all,

Don’t post on here often but need some advice. I’m a big fan of BMW and currently have a 2016 330i and a 2022 X5M50i.

Both bough new from the same dealer who I have a good relationship with. Received a call tonight offering me a 2023 M4 CSL in white. It’s mega money at circa 160K GBP, based on current exchange rate.

Where is the value of this car predicted to go?

Thanks

ChrisW.

6,386 posts

257 months

Monday 13th March 2023
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The car hasn't reviewed that well ... but the E46 version didn't !

The market in general is under pressure.

Modern BMW's appear to lose money ... even the CS / GTS / versions ... some M series cars were deeply discounted from new ...

Are you buying it to use for what it is and keep for a reasonable term ... or are you looking to try it for a while and have flip options ?

Will the dealer underwrite a buy-back ? This is the basis on which Porsche very privileged owners are getting GT4RS and GT3RS etc ... but then the dealer is planing to keep overs on secondhand cars and can I guess change their minds ?


CONNORRS500

Original Poster:

44 posts

124 months

Monday 13th March 2023
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Was buying to use, but not as a daily as this would be my third car.

Nothing re the guaranteed buy back. The dealer is trying to assure me the value will be the same, if not more in 2 years. Of course I take this with a big pinch of salt.

However, for the money, at 160K GBP I think there is better options.

ChrisW.

6,386 posts

257 months

Tuesday 14th March 2023
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As a car "nut" cars are lovely things from so many directions ... the danger of the really "special" cars is that unless you are prepared to risk writing their value down, they can become too precious to really use.

And we have other cars ... I lost quite a lot on an M3CS ... but I still like the look of a secondhand manual M2CS .... smile


CONNORRS500

Original Poster:

44 posts

124 months

Tuesday 28th March 2023
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Have done somewhat of a pivot and put a deposit on a 2023 992 Turbo S. Dealer had a cancelled order so I have been very lucky. Car arrives end of April.

ledz

581 posts

41 months

Monday 10th April 2023
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CONNORRS500 said:
Have done somewhat of a pivot and put a deposit on a 2023 992 Turbo S. Dealer had a cancelled order so I have been very lucky. Car arrives end of April.
Well done. There seems to be. One or two turbo s cancelled orders about. I was offered one as well last week. Very tempted

Terminator X

15,270 posts

206 months

Monday 10th April 2023
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ChrisW. said:
The car hasn't reviewed that well ... but the E46 version didn't !

The market in general is under pressure.

Modern BMW's appear to lose money ... even the CS / GTS / versions ... some M series cars were deeply discounted from new ...

Are you buying it to use for what it is and keep for a reasonable term ... or are you looking to try it for a while and have flip options ?

Will the dealer underwrite a buy-back ? This is the basis on which Porsche very privileged owners are getting GT4RS and GT3RS etc ... but then the dealer is planing to keep overs on secondhand cars and can I guess change their minds ?
The E46 is now close to £100k and look where it started!

TX.

deutsche.diagnostics

152 posts

15 months

Wednesday 12th April 2023
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To be fair, it launched at £58k, didn't sell that well and many paid just over £50k and within a few years could be bought for £30k.

15 years later they were fetching list price again and now, two decades later, they are becoming collectors pieces and have a price that goes with that.

One that has done 3000 miles a year is £80-85k. If you only want to do 1500 miles a year, sure it is worth another £10k, but it is a boring and long wait doing that. Haha


The cheap finance over the last few years that allowed people to drive a car for a year or two and flip it, with another flipper doing the same, rinse and repeat, has dried up, and that has taken out 80% of the flippers. Hence we are already seeing these silly prices start to fall a bit and availability get far better.

Easy to risk flipping when the finance house is taking the gamble, not so easy when it is £160,000 of your own money!


Having said all that, because this might be the end of an era with these cars, that might keep prices higher than ever for those who can truly afford them.

I say, buy a car if you really want that car, and if you get your money back when you get bored, think it as a bonus.



Tagteam

294 posts

25 months

Monday 6th November 2023
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Looks like the new CSL is following the old one in falling values.