|
|
04-07-2011, 08:41 AM | #1 |
Lieutenant Colonel
789
Rep 1,925
Posts |
Kiplinger: 64% resale value after 3 years for M3
Is this accurate? My 08 loaded sticker was $68k, I paid $59k in 08 brand new, which means my car should be worth about $43k (20k miles mint condition). Seems pretty accurate which is good news.
So $59k - $43k = $16,000 / 3 = $5333 annual / 12 = $444 per month do drive a brand new loaded M3 sedan. I'll TAKE THAT!!! I own my car but I still look at the expense monthly to compare vs. other cars. That's how I sold it to my wife. "Would I rather spend $400 on a Grand Cherokee or an M3?" http://editorial.autos.msn.com/slide...97>1=22009#7 2011 Best New Car Resale Values Best Resale Value: Sports BMW M3 Sticker price: $57,575 (sedan) Invoice price: $53,145 Fair purchase price: $57,575 Five-year service cost: $6,670 One-year insurance cost: $1,932 Resale value after 3 years: 64 percent; 5 years: 41 percent MPG: 14 city, 20 highway BMW's venerable 3-Series on steroids is in such high demand that it beats its closest competition on resale value by a significant margin. After three years, it's worth a whopping 64 percent of the original sticker price.
__________________
Current: 17 OG M2 / R8 Performance
Past Performance Cars: 01 M3, 05 M3, 06 M5, 08 M6, 08 M3, 11 M3, 13 M3, 15 M3, 911 C4S, 911 GTS, 17 M2,R8 V8, R8 RWS |
04-07-2011, 08:46 AM | #2 |
Lieutenant
18
Rep 569
Posts |
I was actually thinking about this yesterday, of how well the M3 seems to be holding its value.
Though BMW's lease rates are a bit more conservative (perhaps because of the crazy rates they had out earlier 06-08). |
Appreciate
0
|
04-07-2011, 08:51 AM | #3 |
Lieutenant General
5231
Rep 10,614
Posts |
For those who lease or finance, there is also an interest factor. One nice thing about buying new or at least driving it entirely within the warranty is that there are no maintenance expenses other than a set of tires. Those who buy the car used for $43k and drive it for the next 3 years may still be able to sell it for 64% ($27,500) of what they paid and thus potentially have a lower cost of ownership, but chances are good they will pay a few thousand in maintenance and repairs. Before repairs and maintenance, their cost over 3 years would be ($43,000 - $27,500)/36 = $430 per month. Add in $150 per month for maintenance and repairs -- my guesstimate to average it out over the 3 years, and the 2nd owner's costs are higher than the 1sts.
|
Appreciate
0
|
04-07-2011, 08:51 AM | #4 |
Private
11
Rep 58
Posts |
Even true within BMW. Leased an 08 coupe in October of 2008. Been wanting to move to the Sedan. Just picked up a new 2011 Space Gray Sedan, loaded and reduced my monthly lease payment! Got a new car 6 months early.
Dealer was surprised was as well, worked out well! |
Appreciate
0
|
04-07-2011, 09:00 AM | #6 | |
Lieutenant Colonel
789
Rep 1,925
Posts |
Quote:
__________________
Current: 17 OG M2 / R8 Performance
Past Performance Cars: 01 M3, 05 M3, 06 M5, 08 M6, 08 M3, 11 M3, 13 M3, 15 M3, 911 C4S, 911 GTS, 17 M2,R8 V8, R8 RWS |
|
Appreciate
0
|
04-07-2011, 10:01 AM | #7 | |
Major
678
Rep 1,469
Posts |
Quote:
__________________
Lambo Huracan, Cherokee SRT, C8 on order.
Sold- 458, GT3, f80 M3, e82 1M, f87 M2, e30 M3, e90 M3, e36 M3, e34 M5, e36 M3, e30 M3........ |
|
Appreciate
0
|
04-07-2011, 03:49 PM | #8 | |
Lieutenant Colonel
789
Rep 1,925
Posts |
Quote:
__________________
Current: 17 OG M2 / R8 Performance
Past Performance Cars: 01 M3, 05 M3, 06 M5, 08 M6, 08 M3, 11 M3, 13 M3, 15 M3, 911 C4S, 911 GTS, 17 M2,R8 V8, R8 RWS |
|
Appreciate
0
|
04-07-2011, 04:05 PM | #9 |
Brigadier General
441
Rep 3,668
Posts |
This is why i bought my m3 and didnt lease. This vehicle keeps its value VERY VERY good if equipped with the right options and taken care of properly.
However the exensive part is not buying the car or the payments, its the additional expenses. Such as paying for 11mpg, insurance, and mods <this ones a killer lol |
Appreciate
0
|
04-07-2011, 04:06 PM | #10 |
Major
175
Rep 1,379
Posts |
This is actually accurate, and it gets better if you buy an M3 used, $300 a month for a $80k car, that's money that will barely lease you a Ford Fusion.
__________________
Clean cars are happy cars! CANON PHOTOGRAPHER |
Appreciate
0
|
04-07-2011, 05:31 PM | #11 |
Lieutenant General
923
Rep 15,818
Posts |
not really...... you should get an alignment after a year, if not 2 years.
Also the car does eat oil, so you should change the oil before 15k (which the dealer will not pay for) if you actually use your car, you will need to change brake pads before the 20k that BMW service has
__________________
|
Appreciate
0
|
04-07-2011, 05:33 PM | #12 |
Lieutenant General
923
Rep 15,818
Posts |
i bought my previous e93 335i as it was worth it, but with the m3, it was a 83k car
i did the math, and it would come out to cost me about $1000/month after taxes and interest etc and future possible value Where i was able to lease the car with 2k drive off at 811/month also remember that a 08 being sold now in 11 will have a higher value than a 11 being sold in 2014 when the new m3 is out
__________________
|
Appreciate
0
|
04-07-2011, 05:58 PM | #13 | |
Captain
16
Rep 726
Posts |
Quote:
__________________
2011.5 E92 M3 Jet Black, DCT, Competition, Premium 2, and Convenience Packages, Black Novillo, Enhanced Premium Sound, 15% Tint, Black Kidneys/Reflectors/Gills/Roundels, DINAN Full Exhaust, DINAN Tune.
2006 Range Rover Sport Supercharged Black everything. |
|
Appreciate
0
|
04-07-2011, 06:04 PM | #14 | |
Lieutenant General
923
Rep 15,818
Posts |
Quote:
there will be a lot of people wanting to unload their m3 for the new one and many (like myself) who will be out of a lease in 3 years, flooding dealer lots with e9x m3s
__________________
|
|
Appreciate
0
|
04-07-2011, 08:43 PM | #16 |
Two Wheels or Four?
93
Rep 655
Posts |
Then you clearly weren't looking for M3s at the end of 2008 when the economy hit the skids...lots were full of them trying to clear out their 08 inventories before the 09s came in.
__________________
Current: '18 AW Performance Edition m240i Gone: '15 Mineral Grey m235i || '07 Silver Grey M Coupe || '11 Space Grey 328i XDrive || '08 SparkG M3 || '01 LSB M3 || '01 TiAg 330ci |
Appreciate
0
|
04-07-2011, 10:07 PM | #18 |
The Jesal
391
Rep 5,859
Posts |
Lease deals and 0.9% rates were being handed out like water.
__________________
2009 E90 M3 - SOLD
|
Appreciate
0
|
04-08-2011, 12:59 AM | #19 |
Colonel
344
Rep 2,928
Posts
Drives: 328i, 335i, M3, 535i, X5, 36M
Join Date: Oct 2010
Location: OC
iTrader: (3)
Garage List 2014 Ford Raptor [0.00]
2012 328i E92 [10.00] 2013 X5 [0.00] 2013 335i F30 [8.00] 1990 Toyota Previa [0.00] 1997 E36 M3 [10.00] 2011 E92 M3 [0.00] 2011 535i [0.00] |
M3 s hold their value very well. I'm trying to buy a 12 year old e36 and they want close to 15k for it. At least the clean title ones in decent condition. I've check everywhere and the lowest ones are priced in the 8-10k area but are salvaged titles. Or several accidents. This is a total keeper for me
|
Appreciate
0
|
04-08-2011, 03:56 AM | #20 |
Lieutenant General
923
Rep 15,818
Posts |
Personally if i had gotten a M3 in 08 or 09... i wouldn't get another one if it was the same model/generation
I rather drive different cars. I've gone through pretty decent amount of cars in the past 7 years of driving
__________________
|
Appreciate
0
|
04-08-2011, 04:56 AM | #21 |
Lieutenant Colonel
171
Rep 1,530
Posts |
95% of car purchases are NOT investments, M3 included. I also found it very liberating to think of my M3 as a way of enjoying life/driving/commute but not as a value for the future, I have 20,000 miles on it in 11 months. I donno if I'm gonna keep it or trade it into something else later (hopefully a GT3) but in any case, just drive and enjoy it. NOT AN INVESTMENT
__________________
2011 E92 JB/BL/DCT--->80K Miles
2015 F80 SS/SO/DCT?->28K Miles 2015 Porsche 911S |
Appreciate
0
|
04-08-2011, 09:28 AM | #22 |
Banned
314
Rep 8,496
Posts |
^+1
Only thing I want to add is: 1. more like 99.9% of all cars are NOT investments 2. even the small numbers that are "investments" i don't see it as investment. The Ferrari 250 GTO for instance, sells for serious dough. But the market for it is so thin. anytime you put it up for auction, you're not sure whether the interested parties will be present to buy it. Perhaps in the world, there's only like 6 people who may buy it. If you sell it in a down market, or if it's a forced sell, you can still take a serious hit. These cars are only worth as much as the highest bidder who decides to show up at the auction. This is why you have advisors looking around for these classic cars and try to price them for buyers and sellers. The market is so thin, it's hard work to get a deal done where both parties are happy. I would never buy a 250 GTO type car as an investment, I would buy it for it's enjoyment. this is how I approach all cars. My last Evo cost me $24k, 1 year preowned with 10k miles. I put 80k miles on it over the course of 69 months. This came out to about $347 a month before taxes/maintance/gas/insurance expenses. (or 30 cents per mile) To me it was worth it every penny b/c I had so much fun driving it. My M3 cost me $46k preowned with 8k miles. I plan on keeping it for at least 120 months. This would cost me $383/mo. In my opinion, this is worth every penny for a car of this caliber. |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|