New M3 to hit E46 M3 values?
Discussion
When the new M3 arrives at the end of the year, is there going to be a glut of second hand E46 M3s hitting the market? How badly do you think the old M3 values will be affected? I know there's no way of telling for sure but would like to know people's opinions as I'm planning on buying an E46 M3 in the near future.
This topic has been done to death.
To summarise the discussions:
New M3 £55k
E46 M3 £17 - £30K.
Totally different markets.
Current M3 prices are "fully corrected" and the new M3 will have no bearing on their value.
E46 M3 owners can continue to expect very good residuals compared to most performance cars - as stated by Autocar in the special used M3 feature last week.
To summarise the discussions:
New M3 £55k
E46 M3 £17 - £30K.
Totally different markets.
Current M3 prices are "fully corrected" and the new M3 will have no bearing on their value.
E46 M3 owners can continue to expect very good residuals compared to most performance cars - as stated by Autocar in the special used M3 feature last week.
deutscher said:
This topic has been done to death.
To summarise the discussions:
New M3 £55k
E46 M3 £17 - £30K.
Totally different markets.
Current M3 prices are "fully corrected" and the new M3 will have no bearing on their value.
E46 M3 owners can continue to expect very good residuals compared to most performance cars - as stated by Autocar in the special used M3 feature last week.
To summarise the discussions:
New M3 £55k
E46 M3 £17 - £30K.
Totally different markets.
Current M3 prices are "fully corrected" and the new M3 will have no bearing on their value.
E46 M3 owners can continue to expect very good residuals compared to most performance cars - as stated by Autocar in the special used M3 feature last week.
Your cars will all continue to depreciate into the floor...at a slightly lesser rate than other ordinary cars...until E92 M3's appear on the used market...at which point new production will have ramped up and loads of existing E46 owners will migrate, leaving a load of used E46s and a consequent jump down in values. Don't kid yourselves that it's not going to be affected. And Autocar/Topgear etc all make ridiculous promises about residuals....they called the 986 Boxsters rock solid from that perspective but everyone I know who's got one has taken it up the arse whent he 987's started appearing on the used market.
Ergo, we're all DOOMED!
J.
You're not a very happy bunny Jezza. 
If you want cheap motoring, buy yourself a used Polo (diesel).
No one says it's cheap to run an M3 - but the depreciation is much, much better than most £40k cars.
And your argument about M3 owners migrating in droves when the glut of new model M3s come on the market is nonsense.
There will be very few new model M3s on the market until 2009 - by which time early E46 M3s will be 8 years old and have 80k on the clock. Do you seriously think a £55k car and a £12K (by then) car are in the same market?
If you want cheap motoring, buy yourself a used Polo (diesel).
No one says it's cheap to run an M3 - but the depreciation is much, much better than most £40k cars.
And your argument about M3 owners migrating in droves when the glut of new model M3s come on the market is nonsense.
There will be very few new model M3s on the market until 2009 - by which time early E46 M3s will be 8 years old and have 80k on the clock. Do you seriously think a £55k car and a £12K (by then) car are in the same market?
deutscher said:
You're not a very happy bunny Jezza.
If you want cheap motoring, buy yourself a used Polo (diesel).
No one says it's cheap to run an M3 - but the depreciation is much, much better than most £40k cars.
And your argument about M3 owners migrating in droves when the glut of new model M3s come on the market is nonsense.
There will be very few new model M3s on the market until 2009 - by which time early E46 M3s will be 8 years old and have 80k on the clock. Do you seriously think a £55k car and a £12K (by then) car are in the same market?
If you want cheap motoring, buy yourself a used Polo (diesel).
No one says it's cheap to run an M3 - but the depreciation is much, much better than most £40k cars.
And your argument about M3 owners migrating in droves when the glut of new model M3s come on the market is nonsense.
There will be very few new model M3s on the market until 2009 - by which time early E46 M3s will be 8 years old and have 80k on the clock. Do you seriously think a £55k car and a £12K (by then) car are in the same market?
Hi Deutscher - I am happy...just not re car depreciation at the moment! I never said I wanted cheap motoring...I own a Z4M Coupe so no chance of that happening! :-)
So we're agreed that depreciation is cataclysmic with all cars, and that M3s are slightly better than most? Isn't that what I said below?
I disagree entirely with your assumption that there won't be many E92 M3's until 2009. BMW's business is based on volume sales....if they've got customers wanting cars, you'd better believe that they'll ramp production up to meet demand. So for the first few months, sure there won't be many around. But 6-9 months down the line?? Why on earth would they restrict production?
Many of the people that bought E46 M3's new may buy the E92 ones ... what's wrong with saying that? It's not nonsense at all. I'm sure that BMW will be counting on it in fact. I don't know how many they intend to build a year, but I bet it's enough to make them a fairly common sight on our roads.
Regarding your last point....there will also be cars that are only one year old when the new one arrives...and they're currently selling at £35-40K. Don't you think that those cars will lose a big portion of that when the new ones start coming onto used forecourts? And if they do, it'll surely be reflected all the way down the chain right down to those 8 year old ones you mentioned? Or will we be able to buy an 8 year old with 80K miles for the same price as a 6 year old with 60K miles?? The release of the new model M3 will definitely hit residuals badly on the E46s. Whether you care or not is another matter...but I don't think we should be telling people that it's fine and nothing will happen. From the OPs point of view, it's probably a positive thing as he wants to buy one!
Edited by jezzaaa on Monday 12th March 17:52
One other thing that occurred to me...just have a look at the current state of normal E46 values now that Normal E92s are on the used forecourts...pretty harsh. And yet before, they were very good in comparison to other marques, just like the M3s.
Edited by jezzaaa on Monday 12th March 17:54
There can't be many brand new E46 M3s available now - and yes, if you buy a model that's already been discontinued you will take a bit hit unless you get a truly massive discount. But most people buying M3s now will buying secondhand at much lower prices
The first examples of the new model aren't going to be available in the UK until early 2008, so my point about few being available secondhand until 2009 stands.
The first examples of the new model aren't going to be available in the UK until early 2008, so my point about few being available secondhand until 2009 stands.
I agree with Deutscher.
You may get the odd secondhand one a month or two old (which will probably fetch close to the new price for those that don't want to go on the waiting list), but the majority will be on the market when 12 month old.
That makes it the end of 2008/early 2009.
When they do, then residuals will drop on the E46.
You may get the odd secondhand one a month or two old (which will probably fetch close to the new price for those that don't want to go on the waiting list), but the majority will be on the market when 12 month old.
That makes it the end of 2008/early 2009.
When they do, then residuals will drop on the E46.
If the e92 comes out cheap enough 2nd hand to depress e46 residuals (which will be for me around 15K), happy days, becasue it means the real cost to upgrade for me will be less!!
I'm sure for the first year e92's will not really go much under list.
Anyway, look at M5 values, a few dogs at around 10K, but most would rather spend 15+ and get a better car - I'm sure it will be the same with the e46 m3
I'm sure for the first year e92's will not really go much under list.
Anyway, look at M5 values, a few dogs at around 10K, but most would rather spend 15+ and get a better car - I'm sure it will be the same with the e46 m3
Edited by stuthemong on Wednesday 14th March 20:12
deutscher said:
The warranty thing has been an issue for over a year now - and, contrary to expectations, has NOT affected residuals.
A five-year old M3 with moderate mileage that cost £41k new will still make £19K - that's almost 50% retained value. How many other cars come anywhere close to that?
A five-year old M3 with moderate mileage that cost £41k new will still make £19K - that's almost 50% retained value. How many other cars come anywhere close to that?
On the contrary imo, £15k seems to be the going rate in the trade.
baz1985 said:
deutscher said:
The warranty thing has been an issue for over a year now - and, contrary to expectations, has NOT affected residuals.
A five-year old M3 with moderate mileage that cost £41k new will still make £19K - that's almost 50% retained value. How many other cars come anywhere close to that?
A five-year old M3 with moderate mileage that cost £41k new will still make £19K - that's almost 50% retained value. How many other cars come anywhere close to that?
On the contrary imo, £15k seems to be the going rate in the trade.
I was talking about a private sale. On Autrader most 2002 M3s (high-milers etc excluded) are around £19k - some higher, some lower.
As I said, some higher, some lower. We can all pick the exceptions:
2002 BMW M3 M3 2dr Coupe
Manual, 54,000 miles, Metallic Steel Grey, manual gearbox. Superb condition in less common colour with full unmarked black leather nappa interior. fBMWsh,
Priced to sell, so call quick!. £21,700. ovno
Private Seller:
Contact number: 07818 037260
2002 BMW M3 M3 2dr Coupe
Manual, 54,000 miles, Metallic Steel Grey, manual gearbox. Superb condition in less common colour with full unmarked black leather nappa interior. fBMWsh,
Priced to sell, so call quick!. £21,700. ovno
Private Seller:
Contact number: 07818 037260
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