thinking of selling..............don't

geesus · 05-15-2008, 04:47 PM

So yesterday, i took my e92 down to the dealership to get a value from them to buy the car off me. I paid £60,000.00 for the car and took delivery on 27-Dec-07. The car has just done 4500miles and is in top condition. The dealer told me that they would look to sell the car for around £46,000.00 and therefore they offered me £42,000.00. This is beyond a joke!!! Apparently the market for large engined cars is flat and apparently people are trying to off load their cars thus causing the market to become saturated. To say I was shocked was an understatement. I have decided to keep the car because there is no way I am prepared to lose that much money in such a short amount of time.

Leg · 05-15-2008, 07:44 PM

WTF is anyone doing buying a daft arsed car like an M3 and then worrying about money?

The day I picked my M3 up I blew £60K as far as I'm concerned.

Once you accept that you can crack on with enjoying it. Tyres, depreciation, petrol, stone chips - inevitable, may as well just hit the M button, stomp on the loud pedal and enjoy yersen!

mkoesel · 05-15-2008, 07:57 PM

Pretty much any car depreciates at least 10% the moment you take possession. M3 is no exception. And then it goes down from there.

Davinhci · 05-15-2008, 08:06 PM

I don't understand why you would want to get rid of your car, but if you do you might as well see it yourself.

lucid · 05-15-2008, 08:55 PM

I don't know about the UK, but the used car market has taken a MAJOR hit across the board in the US. Prices have dropped like a stone. I've been trying to get rid of my 325 (low miles, excellent cond, etc), and it ain't happening. It's just a down cycle and won't last forever. I don't think that things will stabilize and demand will pick up very soon though...

pittsy · 05-15-2008, 08:58 PM

http://www.m3post.com/forums/showthread.php?t=142289

Greenspotpop · 05-15-2008, 09:00 PM

Quote:

Originally Posted by Leg

WTF is anyone doing buying a daft arsed car like an M3 and then worrying about money?

The day I picked my M3 up I blew £60K as far as I'm concerned.

Once you accept that you can crack on with enjoying it. Tyres, depreciation, petrol, stone chips - inevitable, may as well just hit the M button, stomp on the loud pedal and enjoy yersen!

I like the way you think!

Jack28 · 05-15-2008, 11:52 PM

I really dont get why this guy is trying to sell this New M3 when he JUST got it???

Why you Selling bro?????

geesus · 05-16-2008, 03:03 AM

Quote:

Originally Posted by Jack28

I really dont get why this guy is trying to sell this New M3 when he JUST got it???

Why you Selling bro?????

i had a good year last year so i paid cash for the car and 60k is alot to have tried up in a lump of metal. i was planning to get a smaller car to run around in for a year or so because i'm not getting alot of good driving time out of the m3. I work less than 2 miles from home and my gym is about 2 miles from my house also so i'm doing really short driving stints in the car. besides which i also have 9 points on my license so another 3 and i'm fucked!!!!!! so i was planning to sell the car and get a copper s for a year or so and see which way the wind blows then. I love the car and it does everything i need it to do, but i think i would enjoy it more if i was spending more time in it than the 6-8 daily miles i'm doing right now.

mofomat · 05-16-2008, 05:16 AM

You cannot really be surprised, surely? Hoping to get a few months in an M3 and then sell it on at near list were you?

mkoesel · 05-16-2008, 05:26 AM

Quote:

Originally Posted by geesus

i had a good year last year so i paid cash for the car and 60k is alot to have tried up in a lump of metal.

Good to hear you were so prosperous, but I think you're thinking is a bit flawed. This is not like a house where you can just flip it for cash. Its a depreciating asset. You lose more money every day you own it. The upside is its a hell of a lot of fun.

geesus · 05-17-2008, 07:24 AM

Quote:

Originally Posted by mofomat

You cannot really be surprised, surely? Hoping to get a few months in an M3 and then sell it on at near list were you?

yes

Sedan_Clan · 05-17-2008, 01:09 PM

Why not just make time to drive it? Get your money's worth!

Hammer · 05-17-2008, 03:54 PM

lol, dude dont mind.
it´s not a m3-phaenomen!
i bought a boxsterS (list around 69.??? €) and sell it at the moment for about 54.000€...
okay it was one year droven now(7000miles), but it´s a porsche, and porschecars have a reputation of keeping their value very long(compared to other cars in ger).
in ecconomic issues (accounting) a car is driven 5 years till it lost all value.
in the first year you lose about 25%, the most of the lose is at in the first days... then months and decreasing with the time. accept that and mind that buying a car

05-15-2008, 04:47 PM	#1
geesus The General 6 Rep 107 Posts Drives: E92 M3 Join Date: Dec 2007 Location: Leicester, United Kingdom of Great Britian iTrader: (0) Garage List 2007 M3 E92 [0.00] 2007 BMW M3 E92 [0.00] 2005 350z [0.00]	thinking of selling..............don't So yesterday, i took my e92 down to the dealership to get a value from them to buy the car off me. I paid £60,000.00 for the car and took delivery on 27-Dec-07. The car has just done 4500miles and is in top condition. The dealer told me that they would look to sell the car for around £46,000.00 and therefore they offered me £42,000.00. This is beyond a joke!!! Apparently the market for large engined cars is flat and apparently people are trying to off load their cars thus causing the market to become saturated. To say I was shocked was an understatement. I have decided to keep the car because there is no way I am prepared to lose that much money in such a short amount of time.
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05-15-2008, 07:44 PM	#2
Leg Captain 94 Rep 844 Posts Drives: E92 M3 V8 Alpine White Join Date: May 2007 Location: York, England iTrader: (0)	WTF is anyone doing buying a daft arsed car like an M3 and then worrying about money? The day I picked my M3 up I blew £60K as far as I'm concerned. Once you accept that you can crack on with enjoying it. Tyres, depreciation, petrol, stone chips - inevitable, may as well just hit the M button, stomp on the loud pedal and enjoy yersen! __________________ E92 M3, Breyton GTS 19s, black and carbon all over Factory Mini John Cooper Works 211bhp MK Indy R track car (road legal) 300bhp+ per ton, sequential box VW Tiguan 4x4
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05-15-2008, 07:57 PM	#3
mkoesel Moderator 7512 Rep 19,368 Posts Drives: No BMW for now Join Date: Jun 2006 Location: Canton, MI iTrader: (1)	Pretty much any car depreciates at least 10% the moment you take possession. M3 is no exception. And then it goes down from there.
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05-15-2008, 08:06 PM	#4
Davinhci Colonel 55 Rep 2,484 Posts Drives: 08 M3 E92 & 08 E70 X5 4.8 Join Date: Mar 2008 Location: Austin, TX iTrader: (6) Garage List 2008 M3 [0.00]	I don't understand why you would want to get rid of your car, but if you do you might as well see it yourself. __________________ 08 E92 AW M3 \| HRE P40 19" \| APE Air Filter \| BMW Performance Grills \| White Side Gills \| CF Mirror Covers \| BMW Performance Pedals \| F1 Pinnacle Tint \| V1 Hardwire \| Dinan Performance Software \| Gintani Exhaust \| H&R Sports Springs \| RPI Scoops \| BMW CF Spoiler \| Challenge Diffuser \| Lux H8 V3 \| LCI Tail Lights \|
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05-15-2008, 08:55 PM	#5
lucid Major General 374 Rep 8,033 Posts Drives: E30 M3; Expedition Join Date: Apr 2007 Location: USA iTrader: (0)	I don't know about the UK, but the used car market has taken a MAJOR hit across the board in the US. Prices have dropped like a stone. I've been trying to get rid of my 325 (low miles, excellent cond, etc), and it ain't happening. It's just a down cycle and won't last forever. I don't think that things will stabilize and demand will pick up very soon though... __________________
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05-15-2008, 08:58 PM	#6
pittsy Captain 60 Rep 860 Posts Drives: Jerez...E92 M3 Join Date: May 2008 Location: Dallas, TX iTrader: (0)	http://www.m3post.com/forums/showthread.php?t=142289 __________________ 08 E92 M3 Jerez Black \| Bamboo \| 6MT \| 18s \| 5% tint \| No iDrive \| Heated Seats \| V1 hardwire \| ///M Alu Pedals \| Matte Black Grills \| Painted Reflectors \| CF Roundels \| GP Thunder 8500k \| Remus Race Exhaust \| VMR V701 18s Matte Black
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05-15-2008, 11:52 PM	#8
Jack28 HUSTLER 14 Rep 1,317 Posts Drives: E46 M3-E92 M3 Join Date: May 2006 Location: So/Ca Los Angeles iTrader: (0)	I really dont get why this guy is trying to sell this New M3 when he JUST got it??? Why you Selling bro????? __________________ E92 M3 ZCP- AW/FR w/Extended Leather) Packages: ZCP, 6MT, Fully Loaded E46 M3 - AW/IR 6 Spd, Fully Loaded. 19'' BBS LM DBK, V-CSL C/F Bmpr, Botld, Diff, V-CSL Custum IR-CF Center Counsel, V-GTR Hood, Dixis Ti 76mm, Meisterschaft Ti Sec. 1&2, EvoSport Headers, CAI, D/A Chip, tck d/a, Alcantera Headliner with Imola Red Sttitching....
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05-16-2008, 05:16 AM	#10
mofomat Colonel 792 Rep 2,234 Posts Drives: Audi R8 V10, BMW 330e Touring Join Date: Aug 2005 Location: Maastricht, NL iTrader: (0)	You cannot really be surprised, surely? Hoping to get a few months in an M3 and then sell it on at near list were you?
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05-17-2008, 01:09 PM	#13
Sedan_Clan Law Enforcer 25055 Rep 22,281 Posts Drives: '22 Chalk Gray Porsche C2S Join Date: Jun 2006 Location: ..in your rearview!!! iTrader: (26)	Why not just make time to drive it? Get your money's worth!
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05-17-2008, 03:54 PM	#14
Hammer Lieutenant 31 Rep 423 Posts Drives: BMW Join Date: Feb 2008 Location: Germany, Cologne iTrader: (0)	lol, dude dont mind. it´s not a m3-phaenomen! i bought a boxsterS (list around 69.??? €) and sell it at the moment for about 54.000€... okay it was one year droven now(7000miles), but it´s a porsche, and porschecars have a reputation of keeping their value very long(compared to other cars in ger). in ecconomic issues (accounting) a car is driven 5 years till it lost all value. in the first year you lose about 25%, the most of the lose is at in the first days... then months and decreasing with the time. accept that and mind that buying a car
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