Down financial markets good for m3 owners?

[jaay11]

Whats your take on the current financial crisis and its effect on M3s? The way I see it....the status value of the M3 has just climbed way the hell up. I mean you might see fewer and fewer of these on the road.....especially with BMW slowing down production.

On the other end, if you are looking to get out of your M3 in the next year or two, this could be a bad deal. I plan to keep mine for a long time....or at least until the economic conditions are stable.

[J08M3]

The economy is bad for the M3.. For one, the value of your M3 doesn't really matter unless you're trying to sell it. It is only worth what someone is willing to pay for it. Second, you're now making monthly payments on an expensive car instead of saving that money for more important things. The economy operates on cash flow, and when that stops it's not good for anything. However, if you have a lot of money, now would be a great time to look for deals on a M3, especially if you would want to take a slightly used one from someone who stretch themselves a little to far to buy it in the first place.

[dawgdog]

I'm glad I was not aware that the financial downturn would be this dramatic or I would have kept my tuned 335. I loved that car but love this one more. Ignorance then means bliss now. My M3 is paid for, and at this time in life I have minimal debt. The M3 is "an upper" at a time when it is easy to get down.

[kbk_75]

Originally Posted by dawgdog

I'm glad I was not aware that the financial downturn would be this dramatic or I would have kept my tuned 335. I loved that car but love this one more. Ignorance then means bliss now. My M3 is paid for, and at this time in life I have minimal debt. The M3 is "an upper" at a time when it is easy to get down.

+1

[ihyln]

Taking advantage of Wall Street's misfortune is always easy and fun.

[milloy8]

Not if you sold global equities to buy your car...

[mkoesel]

I don't really care about "status value".

As far as I can see, there's no real monetary benefit to me now that I have the car. As you point out, the bad economy is actually bad because it makes the cash value of the car less. This is not true only for M3s or even just cars but nearly all assets. However, the plus side for me is that I did not buy mine until just recently so I got in when the value (and thus selling prices) were already way down.

[nusevad]

probably the resale value and the amountof people who want to buy a high performance car. but in the end it doesn't matter... just drive and enjoy

[jackos335]

i think it's good for the buyers now. My neighbor just bought a 6spd for invoice...grrr...

[J08M3]

Originally Posted by jackos335

i think it's good for the buyers now. My neighbor just bought a 6spd for invoice...grrr...

It's good for buyers not stretching beyond their means... which is the biggest part of the problem that got us into this whole mess in the first place.

[Dascamel]

Screw food and the house, I'm moving my family in the car. For now it'll hurt, but I wonder if the decreased supply will help resale if the economy picks back up a few years from now.

[asaulo1]

Originally Posted by FifthStreetz

probably the resale value and the amountof people who want to buy a high performance car. but in the end it doesn't matter... just drive and enjoy

+1 .... just drive it and enjoy... Let the V8 engine sound drown out your wall street worries

[watrob]

Originally Posted by milloy8

Not if you sold global equities to buy your car...

Would'nt you be laughing if you sold your "gobal equities" 4 months ago to buy a M3.

Because today your "global equities" would only buy you a Hyundai.

[JEllis]

Originally Posted by J08M3

The economy is bad for the M3.. For one, the value of your M3 doesn't really matter unless you're trying to sell it. It is only worth what someone is willing to pay for it. Second, you're now making monthly payments on an expensive car instead of saving that money for more important things. The economy operates on cash flow, and when that stops it's not good for anything. However, if you have a lot of money, now would be a great time to look for deals on a M3, especially if you would want to take a slightly used one from someone who stretch themselves a little to far to buy it in the first place.

What if your not making payments.....

And, secondly, a reduced production in V8 powered M3's will increase their value in the future not to mention rareity....

Jason

[watrob]

Originally Posted by JEllis

What if your not making payments.....

And, secondly, a reduced production in V8 powered M3's will increase their value in the future not to mention rareity....

Jason

Not if you own a white one.

[newtom3]

I think the down market is a great oppty for M3 buyers.... the dealers are unusually pliable.

[attbimmer]

I imagine for most people times are not great, but for me I picked up an M3 last week at invoice with 0.9% apr. Earlier this year I never thought that would be possible. I plan to keep the car at least until the next M3 comes out, so resale doesn't really matter much to me.

[newtom3]

I got 50% off the invoice/retail spread... but I plan now to get the other 50% off when it comes time for delivery.

Speaking of delivery, my car has been at the waiting for transport for a more than a week now... like 10 days... maybe the slowdown at the factory is causing a wait for enough cars to fill the ship transporting them?? Anyone else stuck at 'waiting for transport'?

[Damage Inc]

In the short term this economy kills the resale value of this (and most) luxury\performance cars. 4 years out, who knows where gas and the economy will be at. Another key factor is how much BMW will modify production to meet market conditions.

Its incentive for me to keep the car longer, which in my case, is good since I usually flip cars rather quickly.

[Sticky]

Not really any status value in cars under 150k, at least in California.

[JEllis]

Originally Posted by watrob

Not if you own a white one.

Thats why I bought Black

Jason

[watrob]

Originally Posted by JEllis

Thats why I bought Black

Jason

I bought a red one, there's even less of them. I nearly bought a pink one, thought that's really rare should'nt loose any money on one of those? might even be a collectors item.