Discussion
Afternoon all,having owned my e46 m3 for a couple of years now im starting to feel like a change, the natural step for me would be an e9x m3
The plan is to hold off a few of months to let the values come down a little as the m4 starts finding owners, and hopefully swell the market with people trading up from e9x's.
My question is, am I being realistic thinking the values will take a hit quite so soon?
Obviously im not expecting them to fall off a cliff but if by hanging on a while will get me into something a year younger for the same money id be a fool to part with it now.
The plan is to hold off a few of months to let the values come down a little as the m4 starts finding owners, and hopefully swell the market with people trading up from e9x's.
My question is, am I being realistic thinking the values will take a hit quite so soon?
Obviously im not expecting them to fall off a cliff but if by hanging on a while will get me into something a year younger for the same money id be a fool to part with it now.
Edited by Rick 343 on Sunday 15th June 16:46
Rick 343 said:
Afternoon all,having owned my e46 m3 for a couple of years now im starting to feel like a change, the natural step for me would be an e9x m3
The plan is to hold off a few of months to let the values come down a little as the m4 starts finding owners, and hopefully swell the market with people trading up from e9x's.
My question is, am I being realistic thinking the values will take a hit quite so soon?
Obviously im not expecting them to fall off a cliff but if by hanging on a while will get me into something a year younger for the same money id be a fool to part with it now.
No, not imo, does depend on what you actually class as 'a few of months', to me a few months is 3-4.The plan is to hold off a few of months to let the values come down a little as the m4 starts finding owners, and hopefully swell the market with people trading up from e9x's.
My question is, am I being realistic thinking the values will take a hit quite so soon?
Obviously im not expecting them to fall off a cliff but if by hanging on a while will get me into something a year younger for the same money id be a fool to part with it now.
Edited by Rick 343 on Sunday 15th June 16:46
Not sure.... Just traded mine in and taken a small hit on what it was 2 months ago. That said most cars these days are on finance with an agreed value at the end so the dealers will be controlling the price of the 2-4 year old models.
I think the older models (like mine 2008) will be punished, the newer ones may hold out a little better.
I think the older models (like mine 2008) will be punished, the newer ones may hold out a little better.
Supply and demand will be the controlling factor. As mentioned before on here, low mileage high spec models in the right colour won't fall too much. You only have to look at the same E46 models reaching 16-18k so the E92 will remain above these prices at least.
Will take perhaps 2 to 3 years for E92 prices to really hurt as you will then have m4/new M3s on the second hand market.
Will take perhaps 2 to 3 years for E92 prices to really hurt as you will then have m4/new M3s on the second hand market.
This question baffles me, I cannot see how a 60-70k car that isn't being discounted (yet) will affect the values of the e92, the AUC 07-08 are 20k-25k 09-11 25k-30k+ 12-13 35k-40k+ (with a spread throughout the increments)
Totally different market sectors IMHO a dealer isn't going to price a 20k car against a 60k one, same with the last of the line special edition M3's at 35-40k as a new one speced up is almost twice the price.
If BMW do a silly lease/PCP deal then the 40-45k cars will suffer as the step up into a new one will be easy on the wallet but they want £9k down and £800 a month at the moment.
Totally different market sectors IMHO a dealer isn't going to price a 20k car against a 60k one, same with the last of the line special edition M3's at 35-40k as a new one speced up is almost twice the price.
If BMW do a silly lease/PCP deal then the 40-45k cars will suffer as the step up into a new one will be easy on the wallet but they want £9k down and £800 a month at the moment.
Thanks for the replies,id be looking at around 08/09 if I were to go auc which I think would be the route id go down.
I fully agree that they are priced at totally different points, however I was basing the possibility of a drop in value down to simply "old model" effect and the possibility of more cars on the market if people are trading up.
The market for 20(ish) mpg 400+bhp stuff isn't huge as it is and the thinking was if there are more sat around on dealers forecourts due to people chopping in their 4/5yr old e92 for the latest toy then they may slide a little.
For me, im happy either way,I think we all know too well cars like this are never to be seen as an investment but if they are going to carry on as they are for now I wont feel like I bought at the wrong time a year or two down the line.
I fully agree that they are priced at totally different points, however I was basing the possibility of a drop in value down to simply "old model" effect and the possibility of more cars on the market if people are trading up.
The market for 20(ish) mpg 400+bhp stuff isn't huge as it is and the thinking was if there are more sat around on dealers forecourts due to people chopping in their 4/5yr old e92 for the latest toy then they may slide a little.
For me, im happy either way,I think we all know too well cars like this are never to be seen as an investment but if they are going to carry on as they are for now I wont feel like I bought at the wrong time a year or two down the line.
Most cars you buy will always drop in value, the discounts they offered on the run out models effectively baked in the new model effect, for instance I got my current one for 45k vs 63k list 18 months ago, I got my first one in 08 for 40k and they still want 20-25k for them 6 years later.
Get it bought!
Get it bought!
Wills2 said:
This question baffles me, I cannot see how a 60-70k car that isn't being discounted (yet) will affect the values of the e92, the AUC 07-08 are 20k-25k 09-11 25k-30k+ 12-13 35k-40k+ (with a spread throughout the increments)
Totally different market sectors IMHO a dealer isn't going to price a 20k car against a 60k one, same with the last of the line special edition M3's at 35-40k as a new one speced up is almost twice the price.
If BMW do a silly lease/PCP deal then the 40-45k cars will suffer as the step up into a new one will be easy on the wallet but they want £9k down and £800 a month at the moment.
^^This^^Totally different market sectors IMHO a dealer isn't going to price a 20k car against a 60k one, same with the last of the line special edition M3's at 35-40k as a new one speced up is almost twice the price.
If BMW do a silly lease/PCP deal then the 40-45k cars will suffer as the step up into a new one will be easy on the wallet but they want £9k down and £800 a month at the moment.
As stated, completely different markets and customer demographic. Also, those who "rent" don't all fall of their current leases at the same time so there won't be a watershed moment.
Out of interest, how much do you expect to have lost on the E46 (just in terms of depreciation... not talking running costs, tax, fuel etc)?
Only reason I ask is that they seem to have really slowed down in terms of depreciation in the last 12-18 months. Would be interesting to hear an actual example.
Although I'm not one of them, some people are saying clean examples have now bottomed out and will now hold. I think they still have a little further to go personally.
Only reason I ask is that they seem to have really slowed down in terms of depreciation in the last 12-18 months. Would be interesting to hear an actual example.
Although I'm not one of them, some people are saying clean examples have now bottomed out and will now hold. I think they still have a little further to go personally.
AOK said:
Out of interest, how much do you expect to have lost on the E46 (just in terms of depreciation... not talking running costs, tax, fuel etc)?
Only reason I ask is that they seem to have really slowed down in terms of depreciation in the last 12-18 months. Would be interesting to hear an actual example.
Although I'm not one of them, some people are saying clean examples have now bottomed out and will now hold. I think they still have a little further to go personally.
I think my e46 will sell for over what I paid Sept 2012, 4,000 miles ago. It's one of a few low mile cars left (46,000) and has all the right mods (CSL boot, seats, wheels) with original bits. Only reason I ask is that they seem to have really slowed down in terms of depreciation in the last 12-18 months. Would be interesting to hear an actual example.
Although I'm not one of them, some people are saying clean examples have now bottomed out and will now hold. I think they still have a little further to go personally.
Judging by some of the more recent prices, 12k wouldn't be unrealistic.
jon- said:
I think my e46 will sell for over what I paid Sept 2012, 4,000 miles ago. It's one of a few low mile cars left (46,000) and has all the right mods (CSL boot, seats, wheels) with original bits.
Judging by some of the more recent prices, 12k wouldn't be unrealistic.
I'd make you an offer but I would be after a non-SMG Judging by some of the more recent prices, 12k wouldn't be unrealistic.
jon- said:
Sorry, my bad! The ZF8 pretty much feels the same as the DCT, boring and "too good".
What do BMW call the ZF8 in the M-lites?
Each to their own, I've driven both and they definitely feel different to me. DCT changes feel a lot sharper. Funny reason not to buy something... "Too good". As I said each to their own...What do BMW call the ZF8 in the M-lites?
NORTS said:
jon- said:
Sorry, my bad! The ZF8 pretty much feels the same as the DCT, boring and "too good".
What do BMW call the ZF8 in the M-lites?
Each to their own, I've driven both and they definitely feel different to me. DCT changes feel a lot sharper. Funny reason not to buy something... "Too good". As I said each to their own...What do BMW call the ZF8 in the M-lites?
Nothing "too good" about the box it has lots of character even the odd foible, you have to learn how to get the best from it IMHO.
And they call the ZF8 an automatic gearbox.
Edited by Wills2 on Tuesday 17th June 22:23
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