e46 M3 how leggy do I let it get before I change?
Discussion
My e46 M3 now has 48K on it and is coming up for inspection 2. Question is do I chop it for the new shape e92 now or wait another year by which time it will be well into the 60k?
Its been pretty reliable to date and depreciated at about 6.5k p.a. I dont want to be kicking myself in 6 months time when its run up large bills.
Its been pretty reliable to date and depreciated at about 6.5k p.a. I dont want to be kicking myself in 6 months time when its run up large bills.
You shouldn't get large bills Wilf as the E46 M3 is a very reliable car if well looked after and maintained. I did over 50K in my first in 18 months from new and the chap who bought it was well over 130K when I last checked and that included many serious track days. In terms of the engine assuming the recalls have been done (if needed based on age of production) then the engine should last to 150K plus before any manjor work is needed.
wilftwo said:
My e46 M3 now has 48K on it and is coming up for inspection 2. Question is do I chop it for the new shape e92 now or wait another year by which time it will be well into the 60k?
Its been pretty reliable to date and depreciated at about 6.5k p.a. I dont want to be kicking myself in 6 months time when its run up large bills.
E92s depreciate at nearly £2k per month in their first year – that's what I'd call a large bill!Its been pretty reliable to date and depreciated at about 6.5k p.a. I dont want to be kicking myself in 6 months time when its run up large bills.
dan101smith said:
60K is hardly leggy!
Agreed. Would the jump of 20k more purchase price not far exceed any possible bill on your current car?
What large bills are you expecting anyway? Apart from the routine consumables, things like suspension bushes and gear linkages can be replaced and you wouldnt really know it was a higher milage car and they are not exactly expensive.
Engines, diffs and gearboxes can go pop anytime.
If you do decide to keep it then changing the oils twice as often will increase its longevity.
Im afraid that only you can decide if your wallet and desire to own the E92 is the best decision.
People on mtorque are still loving theirs at well over 100k miles.
Neil
wilftwo said:
My e46 M3 now has 48K on it and is coming up for inspection 2. Question is do I chop it for the new shape e92 now or wait another year by which time it will be well into the 60k?
Its been pretty reliable to date and depreciated at about 6.5k p.a. I dont want to be kicking myself in 6 months time when its run up large bills.
Maybe chop it in for one like this:Its been pretty reliable to date and depreciated at about 6.5k p.a. I dont want to be kicking myself in 6 months time when its run up large bills.
Link
It's been looked after, low mileage approved used and you're getting the newer version that you want without losing a big chunk of depreciation.
Link stolen shamelessly from another thread to give example of 1 y/o bargains
wilftwo said:
My e46 M3 now has 48K on it and is coming up for inspection 2. Question is do I chop it for the new shape e92 now or wait another year by which time it will be well into the 60k?
Its been pretty reliable to date and depreciated at about 6.5k p.a. I dont want to be kicking myself in 6 months time when its run up large bills.
Try and do a trade before it gets to 60k. Main dealer can then forecourt it easier and you might be able to push for a better deal.Its been pretty reliable to date and depreciated at about 6.5k p.a. I dont want to be kicking myself in 6 months time when its run up large bills.
jonlwright said:
Chop it in for a low mileage M6 - cheaper than a new M3 and totally awesome for the money - plus it has already had the worst of its depreciation kicking.
This makes fun sense, but not money sense.It's nearly always cheaper to put more miles on the car you've already got than a new one.
Deutscher said:
jonlwright said:
Chop it in for a low mileage M6 - cheaper than a new M3 and totally awesome for the money - plus it has already had the worst of its depreciation kicking.
This makes fun sense, but not money sense.It's nearly always cheaper to put more miles on the car you've already got than a new one.
Or ventured out of your Mother's spare bedroom?
Deutscher said:
jonlwright said:
Chop it in for a low mileage M6 - cheaper than a new M3 and totally awesome for the money - plus it has already had the worst of its depreciation kicking.
This makes fun sense, but not money sense.It's nearly always cheaper to put more miles on the car you've already got than a new one.
Also, if the M3 goes over 60K it can no longer be an AUC limiting your p/x value and always has the potential of having something major going wrong out of warranty.
Yes, the old M3 will be cheaper, probably, but there is more to changing to a newer, warranty covered, faster, higher specced car than just the basic cost
paoloh said:
Deutscher said:
jonlwright said:
Chop it in for a low mileage M6 - cheaper than a new M3 and totally awesome for the money - plus it has already had the worst of its depreciation kicking.
This makes fun sense, but not money sense.It's nearly always cheaper to put more miles on the car you've already got than a new one.
Or ventured out of your Mother's spare bedroom?
Are you challenging the fact that 99% of the time greater depreciation plus dealer margin when you swap will be more than any repairs on your existing car.
E92s depreciate at nearly £2k per month in their first year – that's what I'd call a large bill!
[/quote]
most of that is VAT, if a new car is worth 50K you'll pay nearly 9K tax on that.
If you are talking high miles = hard to sell then you may have a point, but most BM buyers esp M buyers will take into account servicing and bills and how well you looked after your ride.
[/quote]
most of that is VAT, if a new car is worth 50K you'll pay nearly 9K tax on that.
If you are talking high miles = hard to sell then you may have a point, but most BM buyers esp M buyers will take into account servicing and bills and how well you looked after your ride.
Edited by Zead on Friday 24th October 13:57
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