M3 or M5?

[uknick]

I'm looking to replace my 987 Cayman early next year.

I'm musing on getting an M5 a couple of years old. These are about £40k as a BMW approved car. But, I see an M3 of similar age is about the same. Why is this as the list price of the M5 was quite a bit higher than the M3?

Is it because M5s were originally sold much lower than list? Is the new M5 depressing prices? Or, is the M3 a more desirable car therefore keeping its value better?

[uknick]

I'm intending to keep it for 3 years. Mind you, I said that when I bought the Cayman, and 9 years later I still have it. So, it's not for an investment.

I don't need the size of the M5, as it's just me and my other half to move about. But, I've had a hankering for an M5 going back some decades. I like the discrete aspect of the M5 compared to the M3. Also, around here there are loads of M3s and not many M5s (which probably answers my question as to pricing).

[uknick]

Thanks for the input on how they compare, but I'm pretty sure if I go M it will be an M5. Size is not really an issue as very little of my driving is on narrow country lanes these days, most of the 8k miles I do a year is on motorways or A roads. I've had loan Cayenne and Panamera over the years and never found the difference in size an issue. Also, I'm never going to track it.

But, back to my original question, why are the prices about the same for 2nd hand? Is it just down to demand?

I might be looking at it wrong but, if I can get an M5 for the same price/age/mileage as an M3, that's pretty good value for money.

[uknick]

DT398 said:

M5 list price was higher but they always gave big discounts ( and 0% finance ) to shift them as nobody wanted to pay anywhere near list. There was less discount available on the much more recent M3. Depreciation on the M5 is and always has been a shocker. For example, I have a December 2016 M5 competition pack. List was £90k. I paid £68k. We buy any car is now offering £45k, so I'd imagine a trade in at BMW would be £50k or so. That would be an £18k hit in 9 months. That's what you are seeing in the pricing. For the same money I'd always go for an M5 even if a bit older.

Thanks DT. This is what I'd seen in the past on the net, but wanted to see if it was still pertinent today.

[uknick]

The Cayman is my daily driver and I've done about 76k miles in it since I bought it new in 2008. I'm looking to change it for a number of reasons.

First, ride quality. It's not got the best set up for the roads where I live, Thames Valley, and I'm finding the hard ride getting annoying (or maybe just my bones are just getting old )

Second Porsche extended warranty only went to cars under 10 years when I decided to start looking to replace it. I know this has now changed to 15 years, but there are other large costs coming along soon with the mileage the car is racking up.

And finally, once the idea of an M5 was sown it's been growing over the last year or so and now might be the time to change. As well as the increased comfort as the daily drive, one can't deny the M5 power will be addictive. I've always found the 2.7 Cayman to be a little lacking.

However, having said all that, getting rid of the Cayman will be a wrench as it's still a great car to drive when I'm in the mood so I'm exploring other options where I keep the Cayman for when I'm in the mood for a fun drive and buy another car just as a daily driver.

[uknick]

Thanks for the input.

Regarding the running costs of an M5 I saw a post on PH from a couple of years ago quoting dealer prices of about £3k for pads and disks all round for the F10.

Is this accurate and how does it compare to the F80 M3?