I can get 19% off a new M3, but i must hold it for 12 months

[poobarr]

I can get 19% off a new M3, or any other BMW for that matter. BUT I cant sell it for 12 months. As I drive a E46 M3 I am quite interested in the new car but am I likely to loose money when I try to sell it on after a year?

[Stig]

I would imagine so. You're pretty much guaranteed to lose the 17.5% VAT straight off the bat, so the extra 1.5% isn't going to take much to lose.

In 12 months there will be umpteen on the road (and people will be offloading for next year's facelift).

Not such a great deal IMHO - but then again, I'm not that au fait with the BMW market.

PS - It's LOSE not LOOSE!!! Sorry - pet hate

Edited by Stig on Thursday 18th October 22:07

[smartie]

why do you HAVE to keep it? How is that enforced?

[Fidgits]

smartie said:

why do you HAVE to keep it? How is that enforced?

it will be under a corporate purchase scheme I imagine - such as the one BAE systems have with Vauxhall.

The discount only applies when buying through the corporate scheme, and the resale restriction can, and will be enforced.


As for the OP - the question should be, do you want a new M3? if so, its a good deal. If not, it isnt.

[m33ufo]

If I could get 19% off a new M3 I would be ordering one tomorrow!

[mbutchers]

Seems like a 'no-brainer' to me. Get a reasonably specced car for say £57k - you pay approx £46k. If the car depreciates at 'normal' levels, ie; like an RS4, then it's likely the car will be worth between £40 - 45k in 12 months time. What's not to like about that.

[playerone]

poobarr said:

I can get 19% off a new M3, or any other BMW for that matter. BUT I cant sell it for 12 months. As I drive a E46 M3 I am quite interested in the new car but am I likely to loose money when I try to sell it on after a year?

If your talking about BMW staff discount then actually ask them when they can supply the vehicle. It might not be as easy as you think to source one.

[poobarr]

hmmm no clearer what to do to be honest, but thanks for the replies. In answer to the above I can order one today with no issues on delay.
My mind was set on the 135i coupe as its cheaper per month and looks a bit more chukable....
Confused

[poobarr]

hello mate I saw your post re selling an M3 and getting a decent trade deal. Im looking for options on mine so if you could help pointing me in the direction of a decent trader i'd be grateful. My car is on here at:

http://www.pistonheads.co.uk/sales/372419.htm

Cheers

[Huliganov]

It should lose around 20% in the first year anyway

[poobarr]

yeah ta dunno why this reposted TBH, binned the ideas months ago thank God!

[E36GUY]

well you'll probably loose 30% in year one so if you're getting 20%ish off in the first place then it's much less of a hit to you!

[Deutscher]

E36GUY said:

well you'll probably loose 30% in year one so if you're getting 20%ish off in the first place then it's much less of a hit to you!

Stig said:

I


PS - It's LOSE not LOOSE!!! Sorry - pet hate

Mine too.

Edited by Deutscher on Wednesday 13th February 09:01

[steve-p]

Interesting, I can get 16% off any BMW, but M powered cars are excluded. I feel hard done by now

[Zod]

It mystifies me that there are people who seem to believe that owning cars should not cost money.

OF course it will depreciate. Everything does apart from rare, older cars and a few new cars, for an initial period, while in short-supply.

[valve bounce66]

let them get it new and still waste money on resale !!