CSL Prices

CSL Prices

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Discussion

Olf

11,974 posts

219 months

Monday 3rd September 2007
quotequote all
I have had informal discussion with 3 BMW dealership at different corners of the country about CSL's and they all have the same advice to give:

Don't buy one - it'll only cause you pain.

Nice to see them standing behind the product then! Explains why they rarely come up on the AUC network now. The used car buyers are obviously very wary of them. Also they don't want to put an AUC warranty on them I would guess.

What do you reckon?

Lagerlout

1,810 posts

237 months

Monday 3rd September 2007
quotequote all
Hmm b*llocks to sell more new M3's? wink Mine was bloody great, ok a few software issues with the SMG at first, and then disc brakes warping but no major probs. Fab car..

robm3

4,930 posts

228 months

Monday 3rd September 2007
quotequote all
Olf said:
Don't buy one - it'll only cause you pain.


What do you reckon?
What sort of pain?? mine's been pretty painless and very enjoyable for about a year now...
Must be that owners tend to track them and thus giving a harder life than most M3's so more warranty claims. Anyhow, why would dealers be worried?? Warranty claims are covered by BMW GB anyhow yes?

DoctorD

1,542 posts

257 months

Monday 3rd September 2007
quotequote all
What a strange thing to say. Are you sure? I've owned my CSL for 4 years and its been much more reliable than the 3 M3's I owned before that. It seems bizzare to imply they are anything less than reliable and easy to maintain.

Vesuvius 996

35,829 posts

272 months

Monday 3rd September 2007
quotequote all
The Dude said:
What does "1 driver since virtually new" mean?

2 drivers? Or was it one of those "CSLs-that-should-be-avoided-because-of-their-life-before-going-on-the-market" cars?

scratchchin
It means that it has been a BMW driver experience car which has had the flaps ragged off it.


Olf

11,974 posts

219 months

Monday 3rd September 2007
quotequote all
Am I sure?

Sure.

I'm sure.

I'm not completely crazy you know.

The warnings were around the amount of work that was perceived to have been done on the car since lauch and also that they've all had the ragged around every track in Europe, which we know is most definately not true.

The Dude

6,546 posts

248 months

Monday 3rd September 2007
quotequote all
Olf said:
I have had informal discussion with 3 BMW dealership at different corners of the country about CSL's and they all have the same advice to give:

Don't buy one - it'll only cause you pain.

Nice to see them standing behind the product then! Explains why they rarely come up on the AUC network now. The used car buyers are obviously very wary of them. Also they don't want to put an AUC warranty on them I would guess.

What do you reckon?
I reckon the horse and the cart are the wrong way about.

I think the fact that they can't get cars on the AUC network explains why they fobbed you off.

Or are you trying to say the salesmen are in their job to look after the interests of customers and not to maximize their own sales bonuses?

Olf

11,974 posts

219 months

Monday 3rd September 2007
quotequote all
The Dude said:
Olf said:
I have had informal discussion with 3 BMW dealership at different corners of the country about CSL's and they all have the same advice to give:

Don't buy one - it'll only cause you pain.

Nice to see them standing behind the product then! Explains why they rarely come up on the AUC network now. The used car buyers are obviously very wary of them. Also they don't want to put an AUC warranty on them I would guess.

What do you reckon?
I reckon the horse and the cart are the wrong way about.

I think the fact that they can't get cars on the AUC network explains why they fobbed you off.

Or are you trying to say the salesmen are in their job to look after the interests of customers and not to maximize their own sales bonuses?
Warranty work is not profitable work i.e. it get reimbursed by BMW at cost. Any car that dealers feel is a warranty liability is therefore not a car to be pushed.

Andyt25

1,182 posts

249 months

Monday 3rd September 2007
quotequote all
Olf said:
I have had informal discussion with 3 BMW dealership at different corners of the country about CSL's and they all have the same advice to give:

Don't buy one - it'll only cause you pain.

Nice to see them standing behind the product then! Explains why they rarely come up on the AUC network now. The used car buyers are obviously very wary of them. Also they don't want to put an AUC warranty on them I would guess.

What do you reckon?
I bet they never had a CSL for sale....because if they did they would have told you it was the best thing since sliced bread.....'you don't want one of those sir have this one that I have in the show room instead it's much better'

The Dude

6,546 posts

248 months

Monday 3rd September 2007
quotequote all
Olf said:
The Dude said:
Olf said:
I have had informal discussion with 3 BMW dealership at different corners of the country about CSL's and they all have the same advice to give:

Don't buy one - it'll only cause you pain.

Nice to see them standing behind the product then! Explains why they rarely come up on the AUC network now. The used car buyers are obviously very wary of them. Also they don't want to put an AUC warranty on them I would guess.

What do you reckon?
I reckon the horse and the cart are the wrong way about.

I think the fact that they can't get cars on the AUC network explains why they fobbed you off.

Or are you trying to say the salesmen are in their job to look after the interests of customers and not to maximize their own sales bonuses?
Warranty work is not profitable work i.e. it get reimbursed by BMW at cost. Any car that dealers feel is a warranty liability is therefore not a car to be pushed.
Exactly. Which is why the original statement of "It will only cause you pain" is far, far from altruistic.

What they meant to say is "It will only cause us pain..."

Andyt25

1,182 posts

249 months

Monday 3rd September 2007
quotequote all
The Dude said:
Olf said:
The Dude said:
Olf said:
I have had informal discussion with 3 BMW dealership at different corners of the country about CSL's and they all have the same advice to give:

Don't buy one - it'll only cause you pain.

Nice to see them standing behind the product then! Explains why they rarely come up on the AUC network now. The used car buyers are obviously very wary of them. Also they don't want to put an AUC warranty on them I would guess.

What do you reckon?
I reckon the horse and the cart are the wrong way about.

I think the fact that they can't get cars on the AUC network explains why they fobbed you off.

Or are you trying to say the salesmen are in their job to look after the interests of customers and not to maximize their own sales bonuses?
Warranty work is not profitable work i.e. it get reimbursed by BMW at cost. Any car that dealers feel is a warranty liability is therefore not a car to be pushed.
Exactly. Which is why the original statement of "It will only cause you pain" is far, far from altruistic.

What they meant to say is "It will only cause us pain..."
Plus a year ago they had a number of CSL for sale but I take it they had a 3 year warrenty when new so this has now run out (unless of course they were extended), so the warrenty becomes the dealership cost.

Miss Escobar

6 posts

200 months

Monday 17th September 2007
quotequote all
Cause who pain?! I love mine and have had no problems with it whatsoever - had some problems with my previous BMW's so was a bit worried if this one would be more temperamental but its been the most reliable so far.

Edited by Miss Escobar on Monday 17th September 22:36

ChrisW.

6,325 posts

256 months

Saturday 29th September 2007
quotequote all
My recollection is that there were very few M3CSL's sold in Australia. And those that were, were very expensive.

There must be far more experience of CSL's in the UK and the Forum view here is that they have not been the problem your Aussie dealer suggests.

QED -- your dealer probably couldn't find the car you might wish to buy, so he'll dis it and try to sell you something he can find ?

M3_DM

80 posts

205 months

Tuesday 2nd October 2007
quotequote all
The CSL hasn't depreciated any slower in 3/4 years than the standard M3. In that time period they will both have lost about 50% of their original value. Only one direction BMW prices go and thats south. Admittedly they take their biggest hit in the first 3 years and then level off, but they'll go down and down until they're worth next to nothing. When the new M3 hits the second hand market prices will take another big hit, and when the new CSL comes out next year another big hit again. The current £30K market will eventually be filled with second hand E92s and E92 CSLs. Only one place for the E46 then and thats in the sub £20K market and eventually down where the E36s are at present.

The reason only 500 odd CSLs were brought into the UK is because BMW knew they couldn't shift them. And indeed they had a hard time shifting the 500 that they did bring in. Obviously theres a limited market for a stripped out 3 series track day car. As spectacular a drivers car as the CSL is, the paddle shift, unadjustable front seats and stripped out interior is just too raw for most BMW drivers. Most people are weary of them as well because the majority have been tracked. It would be nice to purchase a car and for it to appreciate, but you'd have to be naive to think this would happen with a BMW.

The Dude

6,546 posts

248 months

Tuesday 2nd October 2007
quotequote all
M3_DM said:
The CSL hasn't depreciated any slower in 3/4 years than the standard M3. In that time period they will both have lost about 50% of their original value. Only one direction BMW prices go and thats south. Admittedly they take their biggest hit in the first 3 years and then level off, but they'll go down and down until they're worth next to nothing. When the new M3 hits the second hand market prices will take another big hit, and when the new CSL comes out next year another big hit again. The current £30K market will eventually be filled with second hand E92s and E92 CSLs. Only one place for the E46 then and thats in the sub £20K market and eventually down where the E36s are at present.

The reason only 500 odd CSLs were brought into the UK is because BMW knew they couldn't shift them. And indeed they had a hard time shifting the 500 that they did bring in. Obviously theres a limited market for a stripped out 3 series track day car. As spectacular a drivers car as the CSL is, the paddle shift, unadjustable front seats and stripped out interior is just too raw for most BMW drivers. Most people are weary of them as well because the majority have been tracked. It would be nice to purchase a car and for it to appreciate, but you'd have to be naive to think this would happen with a BMW.
Blimey, cheer up mate, you'll get one soon don't worry.

wink

Pugsey

5,813 posts

215 months

Tuesday 2nd October 2007
quotequote all
M3_DM said:
The CSL hasn't depreciated any slower in 3/4 years than the standard M3. In that time period they will both have lost about 50% of their original value. Only one direction BMW prices go and thats south. Admittedly they take their biggest hit in the first 3 years and then level off, but they'll go down and down until they're worth next to nothing. When the new M3 hits the second hand market prices will take another big hit, and when the new CSL comes out next year another big hit again. The current £30K market will eventually be filled with second hand E92s and E92 CSLs. Only one place for the E46 then and thats in the sub £20K market and eventually down where the E36s are at present.

The reason only 500 odd CSLs were brought into the UK is because BMW knew they couldn't shift them. And indeed they had a hard time shifting the 500 that they did bring in. Obviously theres a limited market for a stripped out 3 series track day car. As spectacular a drivers car as the CSL is, the paddle shift, unadjustable front seats and stripped out interior is just too raw for most BMW drivers. Most people are weary of them as well because the majority have been tracked. It would be nice to purchase a car and for it to appreciate, but you'd have to be naive to think this would happen with a BMW.
Blimey. Wish you'd told me that sooner. Silly old me - I'll stop looking for one immediately!wink Seriously mate - you appear to be speaking for the masses eg "most BMW drivers" which of course doesn't cover those of us interested in the CSL. Rather as 'most' Porsche drivers don't buy GT3s.

M3_DM

80 posts

205 months

Tuesday 2nd October 2007
quotequote all
I'm simply pointing out that the CSL will depreciate just like any other BMW. I didn't recommend that you didn't buy one. Far from.

mbutchers

691 posts

221 months

Tuesday 2nd October 2007
quotequote all
Personally don't agree with this. I sold a CSL for £41k just over 2 years ago - it was a 'mint', low miles 04 car with warranty (obviously). Cars of that ilk, but with higher miles are now around the £32 - £35k mark. A large part of that depreciation was in the 6 months or so following the sale of my car, and so cars have depreciated very slowly in the last 18 months. CSL's took a massive hit within their 1st year - however, many punters (including the guy who sold to me) paid far less than list (the original sales invoice for my car showed just under £50k).
CSL's are now becoming more 'loved' - fantastic track car, limited numbers and exclusivity are all factors which I believe will hold residuals up pretty well, much the same as the GT3 in fact (a car that depreciates less than a 'cooking' Porsche).
All IMHO obviously (I could of course be talking total bo11oxs!) thumbup

M3_DM

80 posts

205 months

Tuesday 2nd October 2007
quotequote all
Of course. I'm not saying you're right or wrong because its only speculation. Nobody can say exactly what will happen in 2 or 3 years time. I think BMW bringing out a new CSL so soon into the E92s lifespan isn't going to help residuals personally. I suppose an ideal scenario would be that the E92 CSL turns out to be a worse car than the E46, but I think thats wishful thinking. It already seems the E92 M3 is a much more capable car than the E46 M3 in standard form.

mbutchers

691 posts

221 months

Tuesday 2nd October 2007
quotequote all
Time will tell I guess. They're gonna have to go some to make the new CSL as focused as the last one. My guess is that it may well be a softer version, with talk of CSL versions of the Cab and maybe Touring. Also, and I may be wrong, but introducing it so early in the life of the E92 will mean it is unlikely to be as exclusive - again, much the same as the GT3.