M3 - Dealer States 6000 miles per year max!

[j|rz44]

yeah if you cannot afford it dont get it....
it would have to suck paying so much for a car and being afraid to drive it!
you dont want a V8 with those petrol prices!

GL

[mudd786]

Originally Posted by ZuerstBMW

Cant you just lease? Then you dont have to worry.

True, but the thing is im lucky i have been able to stash away £50k, so i would just put that toward the car n hope i get £40k back after 2 - 2.5 years, which roughly would equate to costing £333 a month but leasing it prob would be atleast close to £1000-£1500 a month! so i would realy be killing my self as i bring home £1500 a month so i would be living on peanuts! wife would kill me and baby on the way so i would never go down the lease line personally, as i feel its extortion as they make up their loss (depreciation on the car) for charging you so much and a bit extra for profit its business after all!

[gmund1948]

Originally Posted by Axxlrod

You'll be paying over $110,000 to have an M3 over a 3 years period? Don't buy a car unless you can see yourself owning it for a 10 year period?

Dude, your logic is whack.

I said
"How much can you spend per mile of driving and not care about, compare that to the money you will lose in 3 years of ownership and see what
you can tolerate.

You will be paying likely over a Hundred and ten thousand USD
for an M3


Dont strap yourself, especially financially over a car unless
you can see yourself owning it for 10 years plus Then Make sure its worth the sacrafice"


I am a little Whack, but what I said was interpereted differently by you than was posted by my whack self

To explain
I used the logic that a Ten Year old Sports car, costing 100,000 USD is going
to be drivin an average of 10K miles a year by a typical enthusiast, If you look at a 10 Year Sports car, well maintained and with No major body work will bring about $25-$40K based on comparable Porsches, Ferraris and M-3s based on the cost relationship of sales price to retail selling price 10 years on

Check out a 97 993/996 Porsche, a 97, 98 99 M3 or a 97 Boxster or NSX

The Depreciation on a Sports car in that Price range is Very steep at
first and Really levels off ato the ten yr Mark now, Yes inflation, quality
Care and other factors will really effect this


Example 98 Boxster $47K new 70K Miles $18K in great shape
a 40K new 98 M3 is $15K 68K miles So it lost 25K thousand in value
over a 10 Yr Period or 2,500 a Year Add maintainance Insurance, Gas
and Factor inflation thats about $4.8K Per Year if you drive it 6000 mile
a year. Depends on State, Country,and many factors

In Oregon in the States,

There is no sales tax, and no property tax on vehicles
Licenseing is less than a hundred dollars a year

That makes it a collectors dream

Now you know my whacked thought pattern

[Oaktree]

I wouldn't worry about depreciation - I would worry about the sticker price they put on it. If the going rate is $70,000+ I think you will have higher depreciation the first 2years because the market for used $65-$70k cars is small. If it comes in mid $60k then I think residuals will stay stronger. Just my opinion - not based on fact.

[lucid]

I really doubt that the going rate for a moderately equiped M3 will be $70k+ after the first 3-6 months of buying frenzy during which either people with lots of money will be purchasing and won't care about price or idiots who don't have lots of money but can't wait will be shaken down by the dealers. $70k+ starts heading into 911 territory, and regardless of how nice a car the new M3 might turn out to be, it would not be able to compete with a 911 (a moderately equiped base 911 runs a little below $80k). Btw, I crunched some numbers based on the 911/M3 base price ratios in the UK (assuming a similiar ratio would be preserved here in the US since I am thinking BMW will not chose to compete with Porsche on pricing) and am betting the base M3 price in the US for the new M3 will be right around $60k.

[E90330iS]

Cool, from the mileage info, the M3 is really starting to have the exotic qualities!

[carnuts3]

Originally Posted by JimKim

Are you buying the car for you or are you buying the car for the next owner? Get the car and drive it, and don't worry about the resale. Worry about it if and when the time comes to trade it in.

Exactly!!

[13eastie]

Dealers can only speculate at this stage as to the rate of depreciation and mileage sensitivity (although this guy is not doing a great job of selling the car!). There has not been a single road test of the car yet!

Certainly one of the very good historical reasons for owning an M3 is the favourable depreciation.

But if we are going to speculate then I suggest to anyone on the forum who really advocates waiting until it is time to sell to consider depreciation either:

a) You will soon be broke

or

b) You are clearly too wealthy to get this excited about a lowly BMW; look for a better car

[E36325is]

Originally Posted by moss

My dealer has stated that the values of the new M3 will be much more price sensitive to mileage than the last model. To avoid 'BIG' depreciation drops he has stated that 6000 miles per year is the maximum (rather like the 911).

Seem that after all this time, I'll be able to get an M3, but not able to drive it much

I'm really starting to wonder is it all worth while?????

Still decision day tomorrow - either I spec at 3pm or I get my deposit back.

Why bother? If you got one drive it like u stole it!

[2m3]

Originally Posted by E36325is

Why bother? If you got one drive it like u stole it!

Yes drive as hard as you can while still under warranty. You want make sure all problems come out and taken care during the warranty period.

[mkoesel]

Originally Posted by 13eastie

But if we are going to speculate then I suggest to anyone on the forum who really advocates waiting until it is time to sell to consider depreciation either:

a) You will soon be broke

or

b) You are clearly too wealthy to get this excited about a lowly BMW; look for a better car

IMHO, If you can't afford the car - don't buy it. Doesn't mean you have to keep it 'til its paid off, but I would say its a bad idea to assume anything about the market value of the car once you drive it off the lot. Its a luxury item and depreciating asset at that.

If I buy a 60k car, I assume I will drive it when I want to, where I want to. I will only consider selling it if/when I have positive equity. If that never happens then - oh well.