How much for M5 - 2012 plate / 35k miles

[bigfish]

Seen a silver M5 - never owned one before - but chatting to some friends who rave about them

So - what is market value for good condition M5/ 3 years old/ 35k miles with good spec?

Many thanks for help

[HoHoHo]

A quick look on the BMW website would suggest around £40k

Is that around your budget?

[bigfish]

I was hoping to spend c £35k....

[forest172]

Well my September 63 reg lci m5 with 13600 miles on the clock. With only 20" alloys as added option has been offered to me at £42500(had it in a 2 year cheap contract hire deal). I've phoned a trader I know and they'll only bid £39500 on it

Edited by forest172 on Sunday 21st June 10:45

[Jazzer]

You'll not get what you want for £35K, unless you find some desperate private seller.

Not sure what your intentions are, but I'd suggest financing the depreciation on your purchase through a low-interest PCP.....these cars are difficult to sell privately!

Lots will be coming off lease and PCP deals this year, so you may get a great deal.

Buy from a main dealer, aim for one with the service pack etc etc

They are stunning cars, truly stunning.

[Schermerhorn]

Don't buy private. Go for an AUC car as you know it will be prepped properly with maybe some expensive stuff like plugs and oil taken care of also. You can also get a 2 year warranty thrown in for good measure also.

Hold on for the car too. It'll be 3 years this year when many of these cars will be coming out of their lease deals and you will have a lot of cars to choose from.

Wait till September or the last quarter of 2015.

[bigfish]

To advice - thanks. I bet I will pay a lot though if a get a PCP deal with bmw right ?

[Jazzer]

You can buy from a main dealer, but finance through an external provider like Oracle.

BMW finance can be competetitive.....they want your business and will often match or beat other offers.

Whatever you do, give yourself a way out.

Look forward to your F10 days to come....

[bigfish]

Thanks - so if I take PCP on a used car, I dont understand how they make their money, unless through overpriced payments I make to cover the risk of depreciation. Or have I got this all wrong, or been done to death in other threads ?

[stain]

40.5 from a main dealer with 9k miles

[forest172]

I'd buy private with 6 months remaining on warranty. So you can right any wrongs. Sort your own finance and jobs a good un. Remember auc cars have amything from 5k to 10k profit on them.

[Schermerhorn]

forest172 said:

I'd buy private with 6 months remaining on warranty. So you can right any wrongs. Sort your own finance and jobs a good un. Remember auc cars have amything from 5k to 10k profit on them.

This is true, but you can always negotiate a 2 year warranty deal and have a lot of mechanical preparation done to it too. I had £4000 worth of prep work done to mine (at inflated dealer prices naturally) such as plugs, MOT remedies, new tyres, brakes, wheel refurbs etc etc.

If the car is not too far away from an oil service get them to chuck that in too. It's not as if they pay full retail price for their oil and other consumables and their mechanics are on a fixed wage too so it makes very little difference to their budget towards the car. Plus if anything goes wrong (repeatedly) you always have the chance to reject the car and get your money back.

[CSLchappie]

In my experience M's generally carry a big margin with the main dealers and thus more room to negotiate... my first e46 M3 I got 3k off without trying, my E60 m5 2k straight off, an e61 M5 last year I negotiated 1.5k off plus a second year warranty but in the end I opted for another car with a lower mileage and got 2k off the screen price plus an oil service.

I'd try and get your finance options sorted out ahead of test driving the car, now is a good time to buy as its the quarter end coming up. There is a nice example sat at Sytner Nottingham, currently stickered at just under 40k but I'm sure with the right approach you could get it for a price that is near the middle of the current asking price and your desired budget. FWIW I've been watching f10 M5 prices for a little while now as I'll probably buy one later in the year once our house sale has gone through, I'd say that a lot of the private examples are priced very optimistically when compared to dealer prices, especially for average mile 12/62 plate cars.

bigfish said:

Thanks - so if I take PCP on a used car, I dont understand how they make their money, unless through overpriced payments I make to cover the risk of depreciation. Or have I got this all wrong, or been done to death in other threads ?

[Wills2]

forest172 said:

Well my September 63 reg lci m5 with 13600 miles on the clock. With only 20" alloys as added option has been offered to me at £42500(had it in a 2 year cheap contract hire deal). I've phoned a trader I know and they'll only bid £39500 on it

Edited by forest172 on Sunday 21st June 10:45

And then they'll put it up for 45k, unfortunately trade bids aren't retail selling prices.

[jonah35]

Out of interest if you bought for say £38k a 3 year old ish m5 from a dealer what's a pcp example over say 3 years or 2 years with £5k down and 10k miles pa.

I have no idea what it would be roughly.

[jonah35]

Out of interest if you bought for say £38k a 3 year old ish m5 from a dealer what's a pcp example over say 3 years or 2 years with £5k down and 10k miles pa.

I have no idea what it would be roughly.

[bigfish]

jonah35 said:

Out of interest if you bought for say £38k a 3 year old ish m5 from a dealer what's a pcp example over say 3 years or 2 years with £5k down and 10k miles pa.

I have no idea what it would be roughly.

Not sure BMW would - but be interested to find out - esp the balloon amount