E46 M3 Prices, could they take a hiding soon?
Discussion
Hi,
Had a Porsche itch recently and sold an M3 E46 Conv SMGII (.........yes I know, before you say!)
Really want an M3 again after the Porsche dissappointed.
I am concerned though with the new 92 being released that the 46 shape will take a hiding on ris value.
Any thoughts, as I wondered that I might be safe until maybe 18-24 months before they start to enter the used market.
I will upgrade to a 92 in 3 years however don't want lose any dosh.
Had a Porsche itch recently and sold an M3 E46 Conv SMGII (.........yes I know, before you say!)
Really want an M3 again after the Porsche dissappointed.
I am concerned though with the new 92 being released that the 46 shape will take a hiding on ris value.
Any thoughts, as I wondered that I might be safe until maybe 18-24 months before they start to enter the used market.
I will upgrade to a 92 in 3 years however don't want lose any dosh.
belleair302 said:
Lots of choice at the moment with E46 M3's, many with low mileage and all the toys at around £20-22 K.
Makes a very interesting buy - Im testing a Golf GT Sport TDI 140 with a number of options pushing it to £22k and the finance offer they have is £5k down with £299 a month for 3 yrs followed by a baloon of circa £8k. I wonder what the equivalent 3 year value (I mean 3 years beyond buying one at £22k)of an E46 M3 would be?Welshbeef said:
belleair302 said:
Lots of choice at the moment with E46 M3's, many with low mileage and all the toys at around £20-22 K.
Makes a very interesting buy - Im testing a Golf GT Sport TDI 140 with a number of options pushing it to £22k and the finance offer they have is £5k down with £299 a month for 3 yrs followed by a baloon of circa £8k. I wonder what the equivalent 3 year value (I mean 3 years beyond buying one at £22k)of an E46 M3 would be?J
I did exactly the same, sold my E46 M3 Coupe earlier this year when I had a Porsche itch! Purchased a beautiful Boxster S 550 Anniversary, 3.5 months and just 1,500 miles later something wasn't right... I missed that kick in the back the S54 engine delivered and the Porsche was so well balanced, it's level of grip almost unsettled me.
I have just come back to BMW ownership, couldn't justify the £55k for the new E92, ended up going for a Z4M Coupe... It's early days, not so into the looks of the front end, but it's everything I loved about the E46, but a little more raw. Just need to get used to that huge bonnet you sit behind, parallel parking is going to be horrible!
I have just come back to BMW ownership, couldn't justify the £55k for the new E92, ended up going for a Z4M Coupe... It's early days, not so into the looks of the front end, but it's everything I loved about the E46, but a little more raw. Just need to get used to that huge bonnet you sit behind, parallel parking is going to be horrible!
smartie said:
I was recently offered a £9.5K balloon on an '03 M3 over 42 months!
So £9.5k balloon a few £k cheaper to buy and worth more come resale!!!I worked out that incl int & depn (given balloon) for the Golf Gt Sport TDi140 + options was about £450pcm 6.5% APR IIRC.
The E46 M3 is £2k cheaper and worth circa £2k more = £4k over 42 months the golf was over 36 months which would mean that assuming £450pcm conitnues (42-36)*£450=£2,700
So total real difference = £4k+£2.7k = £6.7k
Now MPG Golf does 50mpg which @ £1.009/ltr over 15k a year = 52,500 over 42 months = £4835
BMW M3 E46 MPG 22?mpg combined?? @ £0.969/ltr over 52,500 miles over 42 months = £10,554
So the fuel difference is £5,720 more in the M3 over the Golf so far that means the Golf is £1k more expensive due to hiher depn.
I'd anticipate that over 42 months the ins prem in the M3 will certainly be more than £286p.a. more - It would be interesting to find out just how much more it would be then you have the premium of buying a 2nd hand M3 over the sensible choice Golf.
Also servicing needs to be considered.
Welshbeef said:
smartie said:
I was recently offered a £9.5K balloon on an '03 M3 over 42 months!
So £9.5k balloon a few £k cheaper to buy and worth more come resale!!!I worked out that incl int & depn (given balloon) for the Golf Gt Sport TDi140 + options was about £450pcm 6.5% APR IIRC.
The E46 M3 is £2k cheaper and worth circa £2k more = £4k over 42 months the golf was over 36 months which would mean that assuming £450pcm conitnues (42-36)*£450=£2,700
So total real difference = £4k+£2.7k = £6.7k
Now MPG Golf does 50mpg which @ £1.009/ltr over 15k a year = 52,500 over 42 months = £4835
BMW M3 E46 MPG 22?mpg combined?? @ £0.969/ltr over 52,500 miles over 42 months = £10,554
So the fuel difference is £5,720 more in the M3 over the Golf so far that means the Golf is £1k more expensive due to hiher depn.
I'd anticipate that over 42 months the ins prem in the M3 will certainly be more than £286p.a. more - It would be interesting to find out just how much more it would be then you have the premium of buying a 2nd hand M3 over the sensible choice Golf.
Also servicing needs to be considered.
Still think the m3 is the better buy of the 2 though!
smartie said:
Welshbeef said:
smartie said:
I was recently offered a £9.5K balloon on an '03 M3 over 42 months!
So £9.5k balloon a few £k cheaper to buy and worth more come resale!!!I worked out that incl int & depn (given balloon) for the Golf Gt Sport TDi140 + options was about £450pcm 6.5% APR IIRC.
The E46 M3 is £2k cheaper and worth circa £2k more = £4k over 42 months the golf was over 36 months which would mean that assuming £450pcm conitnues (42-36)*£450=£2,700
So total real difference = £4k+£2.7k = £6.7k
Now MPG Golf does 50mpg which @ £1.009/ltr over 15k a year = 52,500 over 42 months = £4835
BMW M3 E46 MPG 22?mpg combined?? @ £0.969/ltr over 52,500 miles over 42 months = £10,554
So the fuel difference is £5,720 more in the M3 over the Golf so far that means the Golf is £1k more expensive due to hiher depn.
I'd anticipate that over 42 months the ins prem in the M3 will certainly be more than £286p.a. more - It would be interesting to find out just how much more it would be then you have the premium of buying a 2nd hand M3 over the sensible choice Golf.
Also servicing needs to be considered.
Still think the m3 is the better buy of the 2 though!
Given your £800p.a. to service = £67pcm*42months = £2800
Now servicing the Golf.. not too sure but Id imagine maybe £800 all in.
So £2,600-£2,800 = £(200) but then add on the servicing of the Golf and the Golf is £600 over 42 months more expensive.
Next Ins...For the M3 to be just the same cost as the Golf to run would mean that VED & Ins couldnt be more than £170p.a. more. Beyond this then its the premium you placing on owning such a car and what thats really worth to you.
Out of interest an AMD'd 140TDI golf (up to 200bhp & >310lbf) for £400-600 how would the M3 fare or would it be a matter of changing down a few cogs??
smartie said:
The m3 would murder the remapped golf! Different cars to be fair, Golf is nice enough car, but I wouldn't particulalry consider it fun. M3 is in another league.
0-100 on the m3 is in the region of 12 secs, dount the remapped golf would be under 16?
Well my Fiat Coupe 20vturbo As per autocar test in 1997 did he 0-100mph in 14.0 & 6.0 to 60 (I have the autocar test reprints) so I'd consider a 12 second car to be significantly quicker than my current car. I think the std Gol TDI140 does 0-100 in 24 seconds (well the old 1.9TDI 130PD did) so remapped at best I'd imagine sneaking under 20seconds might be beyond it.0-100 on the m3 is in the region of 12 secs, dount the remapped golf would be under 16?
However the 0-100mph is not the TDi's forte 30-70 throuh the gears (however in my car I can nearly hit 80 in 2nd so that would be a one gear exercise).
Welshbeef said:
smartie said:
I was recently offered a £9.5K balloon on an '03 M3 over 42 months!
So £9.5k balloon a few £k cheaper to buy and worth more come resale!!!I worked out that incl int & depn (given balloon) for the Golf Gt Sport TDi140 + options was about £450pcm 6.5% APR IIRC.
The E46 M3 is £2k cheaper and worth circa £2k more = £4k over 42 months the golf was over 36 months which would mean that assuming £450pcm conitnues (42-36)*£450=£2,700
So total real difference = £4k+£2.7k = £6.7k
Now MPG Golf does 50mpg which @ £1.009/ltr over 15k a year = 52,500 over 42 months = £4835
BMW M3 E46 MPG 22?mpg combined?? @ £0.969/ltr over 52,500 miles over 42 months = £10,554
So the fuel difference is £5,720 more in the M3 over the Golf so far that means the Golf is £1k more expensive due to hiher depn.
I'd anticipate that over 42 months the ins prem in the M3 will certainly be more than £286p.a. more - It would be interesting to find out just how much more it would be then you have the premium of buying a 2nd hand M3 over the sensible choice Golf.
Also servicing needs to be considered.
Soooo I take it the 330d is off the menu?
Not at all - just keeping an open mind looking at a number of different options and their relative total ownership costs over a set period of time.
The M3 is clearly a sports car the Golf is family hatch but the 330D somewhere in the middle & the question is does it give x% of the thrills of the M3 within x% of the total car ownership cost of the Golf. Everything is a compromise really (I would love the M3 of course but at the other end of the scale I'd happily drive around in a Golf it is a fine car - sorry for the accountants hat on but VFM is the upmost of importance to me &/or can I justify £x exta for a argueably better car.
Not at all - just keeping an open mind looking at a number of different options and their relative total ownership costs over a set period of time.
The M3 is clearly a sports car the Golf is family hatch but the 330D somewhere in the middle & the question is does it give x% of the thrills of the M3 within x% of the total car ownership cost of the Golf. Everything is a compromise really (I would love the M3 of course but at the other end of the scale I'd happily drive around in a Golf it is a fine car - sorry for the accountants hat on but VFM is the upmost of importance to me &/or can I justify £x exta for a argueably better car.
if it's any help, we had an E46 M3 for a year last year and it is pretty much the best car we've had (which is lots!) - Sold it as my wife 'really' wanted another Z3 M Roadster - but I really do miss it.
Currently have a 535d - it's a nice car, very fast and decent on fuel - but it's just not fun like the m3 was. Very capable but no spirit!
Currently have a 535d - it's a nice car, very fast and decent on fuel - but it's just not fun like the m3 was. Very capable but no spirit!
smartie said:
if it's any help, we had an E46 M3 for a year last year and it is pretty much the best car we've had (which is lots!) - Sold it as my wife 'really' wanted another Z3 M Roadster - but I really do miss it.
Currently have a 535d - it's a nice car, very fast and decent on fuel - but it's just not fun like the m3 was. Very capable but no spirit!
I think the thing is Im intending to run it for 3 years and then "give" it the the then wife - she isnt good at parking hence she wants a hatchback. So one idea is to buy something cheap like a Fabia vRS run it for 3 years (buy it for £6k) then she would be running it for I'd assume 6 years again so by doing it that way I could then get a "proper" car.Currently have a 535d - it's a nice car, very fast and decent on fuel - but it's just not fun like the m3 was. Very capable but no spirit!
The vRS is a reliable car - lots of space "Nippy" frugal cheap to insure cheap to tax & safe (her car has no ABS currently and very very pre NCAP safety) & I'd be happy to drive it now & then after I'd past it onto her.
OR I buy the car I want now then buy her a car she wants in 3 years time.
Which method is the cheapest and most sensible?? (I think its going to have to be vRS or similar or a Leon Cupra TDI/Golf GT TDI150 or if I want to be stingy a GT TDI130
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