E92 Depreciation - Yes really!
Discussion
NEWS FLASH. The new M3 is a car. Therefore it will depreciate. If this is news to you please don't feel the need to share your profound discovery. It's only been out a couple of months - don't you want to know/discuss how it handles, brakes etc etc. No? Well send your contributions to What Car or similar then. 
Sorry - rant over.
Pugs.
Sorry - rant over.
Pugs.
Pugsey said:
NEWS FLASH. The new M3 is a car. Therefore it will depreciate. If this is news to you please don't feel the need to share your profound discovery. It's only been out a couple of months - don't you want to know/discuss how it handles, brakes etc etc. No? Well send your contributions to What Car or similar then.
Sorry - rant over.
Pugs.
Hmm, your coffee you mentioned in the other thread clearly did the job mate!Sorry - rant over.
Pugs.
Pugsey said:
NEWS FLASH. The new M3 is a car. Therefore it will depreciate. If this is news to you please don't feel the need to share your profound discovery. It's only been out a couple of months - don't you want to know/discuss how it handles, brakes etc etc. No? Well send your contributions to What Car or similar then.
Sorry - rant over.
Pugs.
The main reason people keep harping on about depreciation on the M3 is because the car itself was expected to be a major step forward from the old m3 and at £60K has to be fairly special.It was eagerly awaited,supposed to be as rare as rocking-horse shit,and capable of blowing 997's and rs4's into the weeds..in fact it looks less aggressive/worse looking than the old m3 and and looks poorly made(paintwork is shocking)and extremely easy to get hold of.Frankly a poor effort from BMW which is a shame because im a big fan of BMW and had lots of them in the past.Sorry - rant over.
Pugs.
Sorry, but this is another price bleat. It costs £50k, not £60k. It has come out ahead of the rS4 in just about every test. It is £20k less than a 911, as quick and better equipped.
You are another who wanted to pay E46 money for a 911/RS4 competitor.
The car is far from perfect (too heavy, dull colours) and doesn't excite me sufficiently, but it is a strong RS4/911 competitor and well priced for that role.
Did anyone seriously expect to be able to sell to a dealer at list?
You are another who wanted to pay E46 money for a 911/RS4 competitor.
The car is far from perfect (too heavy, dull colours) and doesn't excite me sufficiently, but it is a strong RS4/911 competitor and well priced for that role.
Did anyone seriously expect to be able to sell to a dealer at list?
GregE240 said:
Pugsey said:
NEWS FLASH. The new M3 is a car. Therefore it will depreciate. If this is news to you please don't feel the need to share your profound discovery. It's only been out a couple of months - don't you want to know/discuss how it handles, brakes etc etc. No? Well send your contributions to What Car or similar then.
Sorry - rant over.
Pugs.
Hmm, your coffee you mentioned in the other thread clearly did the job mate!Sorry - rant over.
Pugs.
kayc said:
Pugsey said:
NEWS FLASH. The new M3 is a car. Therefore it will depreciate. If this is news to you please don't feel the need to share your profound discovery. It's only been out a couple of months - don't you want to know/discuss how it handles, brakes etc etc. No? Well send your contributions to What Car or similar then.
Sorry - rant over.
Pugs.
The main reason people keep harping on about depreciation on the M3 is because the car itself was expected to be a major step forward from the old m3 and at £60K has to be fairly special.It was eagerly awaited,supposed to be as rare as rocking-horse shit,and capable of blowing 997's and rs4's into the weeds..in fact it looks less aggressive/worse looking than the old m3 and and looks poorly made(paintwork is shocking)and extremely easy to get hold of.Frankly a poor effort from BMW which is a shame because im a big fan of BMW and had lots of them in the past.Sorry - rant over.
Pugs.
I'll give you the paint thing actually - it's crap!
Edited by Pugsey on Tuesday 20th November 13:21
Pugsey said:
kayc said:
Pugsey said:
NEWS FLASH. The new M3 is a car. Therefore it will depreciate. If this is news to you please don't feel the need to share your profound discovery. It's only been out a couple of months - don't you want to know/discuss how it handles, brakes etc etc. No? Well send your contributions to What Car or similar then.
Sorry - rant over.
Pugs.
The main reason people keep harping on about depreciation on the M3 is because the car itself was expected to be a major step forward from the old m3 and at £60K has to be fairly special.It was eagerly awaited,supposed to be as rare as rocking-horse shit,and capable of blowing 997's and rs4's into the weeds..in fact it looks less aggressive/worse looking than the old m3 and and looks poorly made(paintwork is shocking)and extremely easy to get hold of.Frankly a poor effort from BMW which is a shame because im a big fan of BMW and had lots of them in the past.Sorry - rant over.
Pugs.
I'll give you the paint thing actually - it's crap!
Edited by Pugsey on Tuesday 20th November 13:21
Lets start with price. A decent spec new one is easily £58k, £50 buys you a shell!
The car isn't as good as it could have been, for example HUD ( head up display ), you can even order it in an X5, why not in M3?
The reason the price has tumbled is because BMW in their wisdom flood the market. Withold supply and prices stay high.
You can order a new one for delivery in Jan/Feb 08.....
The car isn't as good as it could have been, for example HUD ( head up display ), you can even order it in an X5, why not in M3?
The reason the price has tumbled is because BMW in their wisdom flood the market. Withold supply and prices stay high.
You can order a new one for delivery in Jan/Feb 08.....
paoloh said:
Lets start with price. A decent spec new one is easily £58k, £50 buys you a shell!
The car isn't as good as it could have been, for example HUD ( head up display ), you can even order it in an X5, why not in M3?
The reason the price has tumbled is because BMW in their wisdom flood the market. Withold supply and prices stay high.
You can order a new one for delivery in Jan/Feb 08.....
You didn't read my OP did you.The car isn't as good as it could have been, for example HUD ( head up display ), you can even order it in an X5, why not in M3?
The reason the price has tumbled is because BMW in their wisdom flood the market. Withold supply and prices stay high.
You can order a new one for delivery in Jan/Feb 08.....
Im taking it £60k is with the options you MUST have in the M3?
If so then the 997 Carrera 2 is £3k cheaper and the Carrera 2S is only £5k more.
Now which is more special a M3 or a Porche?? To me the porche as it is a highly desirable car that is not easily affordable to most people (well I say that I mean they cannot justify spening so much more on a car over another which does the job perfectly well).
Speculating on cars hell why not some make some £ some dont & some lose its the capitalist way.
However having said that knowing the terrible losses those who bought the M3 CSL's and knowing the fact that the Audi R8 is super desirable and already had a 2 year waitiing list common knowledge vs the M3 E92 which I certainly hadnt heard had waiting lists. I'd personally take the hit on the deposit lose the £2k and be done with it put it down to an error of judgement.
For those who have bought it who cares how much it has lost your running a car that you supposedly love remember it could be written off tomorrow or stolen (and recovered) then youd be losing a huge amount on its value. Spending £60k on a cardictates that you must be able to afford significant running costs and high depreciation & unlike the Dragons den lot who dont own their cars they lease them (new ones anyway not the classics) so they know from the start what the car will cost them
Sorry for ranting but its time to end the endless "ohh you bought an M3 and you lost lots of £" and the other side "its a great car you cannot afford such a car stop trolling". Come on lets talk about what the car is like what are its best bits where is it poor (ignore the financials) and what options are a must? And how it compares against the old E46.
If so then the 997 Carrera 2 is £3k cheaper and the Carrera 2S is only £5k more.
Now which is more special a M3 or a Porche?? To me the porche as it is a highly desirable car that is not easily affordable to most people (well I say that I mean they cannot justify spening so much more on a car over another which does the job perfectly well).
Speculating on cars hell why not some make some £ some dont & some lose its the capitalist way.
However having said that knowing the terrible losses those who bought the M3 CSL's and knowing the fact that the Audi R8 is super desirable and already had a 2 year waitiing list common knowledge vs the M3 E92 which I certainly hadnt heard had waiting lists. I'd personally take the hit on the deposit lose the £2k and be done with it put it down to an error of judgement.
For those who have bought it who cares how much it has lost your running a car that you supposedly love remember it could be written off tomorrow or stolen (and recovered) then youd be losing a huge amount on its value. Spending £60k on a cardictates that you must be able to afford significant running costs and high depreciation & unlike the Dragons den lot who dont own their cars they lease them (new ones anyway not the classics) so they know from the start what the car will cost them
Sorry for ranting but its time to end the endless "ohh you bought an M3 and you lost lots of £" and the other side "its a great car you cannot afford such a car stop trolling". Come on lets talk about what the car is like what are its best bits where is it poor (ignore the financials) and what options are a must? And how it compares against the old E46.
Zod said:
Welshbeef said:
Im taking it £60k is with the options you MUST have in the M3?
If so then the 997 Carrera 2 is £3k cheaper and the Carrera 2S is only £5k more.
er, add the options to the Porsches and the gap widens very quickly. Very quickly indeed.If so then the 997 Carrera 2 is £3k cheaper and the Carrera 2S is only £5k more.
this is the internet!!
Zod said:
Welshbeef said:
Im taking it £60k is with the options you MUST have in the M3?
If so then the 997 Carrera 2 is £3k cheaper and the Carrera 2S is only £5k more.
er, add the options to the Porsches and the gap widens very quickly. Very quickly indeed.If so then the 997 Carrera 2 is £3k cheaper and the Carrera 2S is only £5k more.
I think its great that people buy cars and expect them not to depreciate, and then you end up with lots of posts about 'wow never expected my xxx to fall in value so much'.
All cars are mass produced they are not in short supply, so why wont they fall in price? Bascially 40-50% fall over three years is what everyone should hope for so on a 60K m3 - about 8k a year (more in year 1 and 2).
All cars are mass produced they are not in short supply, so why wont they fall in price? Bascially 40-50% fall over three years is what everyone should hope for so on a 60K m3 - about 8k a year (more in year 1 and 2).
Pugsey said:
paoloh said:
Lets start with price. A decent spec new one is easily £58k, £50 buys you a shell!
The car isn't as good as it could have been, for example HUD ( head up display ), you can even order it in an X5, why not in M3?
The reason the price has tumbled is because BMW in their wisdom flood the market. Withold supply and prices stay high.
You can order a new one for delivery in Jan/Feb 08.....
You didn't read my OP did you.The car isn't as good as it could have been, for example HUD ( head up display ), you can even order it in an X5, why not in M3?
The reason the price has tumbled is because BMW in their wisdom flood the market. Withold supply and prices stay high.
You can order a new one for delivery in Jan/Feb 08.....
Pure statement of facts.
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