BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > General M3 Forum (E90 + E92 + E93)
 
Evolve Automotive
Post Reply
 
Thread Tools Search this Thread
      10-08-2008, 05:34 AM   #1
jaay11
Second Lieutenant
United_States
3
Rep
275
Posts

 
Drives: 2012 550i Dinan 2
Join Date: Oct 2008
Location: LA

iTrader: (0)

Down financial markets good for m3 owners?

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.
Appreciate 0
      10-08-2008, 06:11 AM   #2
J08M3
Major General
J08M3's Avatar
United_States
102
Rep
6,012
Posts

 
Drives: 2011 M3 COUPE
Join Date: May 2008
Location: NEW YORK

iTrader: (8)

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.
__________________
Appreciate 0
      10-08-2008, 06:28 AM   #3
dawgdog
Colonel
dawgdog's Avatar
28
Rep
2,177
Posts

 
Drives: 2010 Porsche GT3RS
Join Date: Oct 2006
Location: Seattle, Wa.

iTrader: (0)

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.
__________________
2015 f80 M3, 2010 GR3RS
Appreciate 0
      10-08-2008, 08:17 AM   #4
kbk_75
Lieutenant
India
7
Rep
404
Posts

 
Drives: Alpine White E92 M3
Join Date: Nov 2007
Location: Bombay, India

iTrader: (0)

Quote:
Originally Posted by dawgdog View Post
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
Appreciate 0
      10-08-2008, 08:34 AM   #5
ihyln
Banned
United_States
42
Rep
3,385
Posts

 
Drives: M3post sucks
Join Date: Apr 2008
Location: M3post sucks

iTrader: (1)

Garage List
2008 M3  [0.00]
2002 530i  [0.00]
Send a message via AIM to ihyln
Taking advantage of Wall Street's misfortune is always easy and fun.
Appreciate 0
      10-08-2008, 09:04 AM   #6
milloy8
Private
milloy8's Avatar
United_States
0
Rep
80
Posts

 
Drives: 2008 E90 M3
Join Date: Apr 2008
Location: Boston

iTrader: (0)

Not if you sold global equities to buy your car...
__________________
2008 E90 /// M3 DCT Jerez Black / Black Interior / Carbon Leather Trim / Premium / Technology / Cold Weather / 19's / Moonroof / Painted Reflectors / Blacklines / V1
Appreciate 0
      10-08-2008, 09:31 AM   #7
mkoesel
Moderator
United_States
183
Rep
13,838
Posts

 
Drives: 2015 SO/CSAT F80 M3
Join Date: Jun 2006
Location: Canton, MI

iTrader: (1)

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.
__________________
A gen-u-ine BMW eff-eight-zero with them tandem clutches in the transmission and that dad gum sun roof on the top-a da cawr.
Appreciate 0
      10-08-2008, 09:59 AM   #8
FifthStreetz
O! So Sour!!
FifthStreetz's Avatar
United_States
193
Rep
15,558
Posts

 
Drives: Fast 240z / Slow M3
Join Date: Apr 2007
Location: Fort Lee, NJ

iTrader: (24)

Garage List
2008 M3  [4.75]
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
Appreciate 0
      10-08-2008, 10:55 AM   #9
jackos335
Private
1
Rep
61
Posts

 
Drives: 335 vert
Join Date: Sep 2007
Location: san francisco, cali

iTrader: (0)

i think it's good for the buyers now. My neighbor just bought a 6spd for invoice...grrr...
Appreciate 0
      10-08-2008, 11:20 AM   #10
J08M3
Major General
J08M3's Avatar
United_States
102
Rep
6,012
Posts

 
Drives: 2011 M3 COUPE
Join Date: May 2008
Location: NEW YORK

iTrader: (8)

Quote:
Originally Posted by jackos335 View Post
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.
__________________
Appreciate 0
      10-08-2008, 12:42 PM   #11
Dascamel
Lieutenant Colonel
Dascamel's Avatar
20
Rep
1,662
Posts

 
Drives: 2008 e92 M3, 2010 e91 328i
Join Date: Jul 2007
Location: Bakersfield, CA

iTrader: (0)

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.
__________________
2008 E92 M3 Jerez Black,DCT,Fox Red ext,Prem,Tech,19", ipod/usb, CF roof and trim
2010 E91 328i Space Gray,Black int, M sport, most options
2007 Montego Blue 335i (retired)
Appreciate 0
      10-08-2008, 01:12 PM   #12
asaulo1
Lieutenant
asaulo1's Avatar
11
Rep
568
Posts

 
Drives: 2008 M3 Coupe, alp white
Join Date: Jan 2008
Location: Santa Clarita, CA.

iTrader: (0)

Quote:
Originally Posted by FifthStreetz View Post
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
__________________
"What a car.... what a masterpiece...." Jeremy Clarkson
Appreciate 0
      10-08-2008, 09:30 PM   #13
watrob
Major
watrob's Avatar
Australia
25
Rep
1,496
Posts

 
Drives: MY2013 X5M 50d - White
Join Date: Sep 2008
Location: Brisbane - Australia

iTrader: (0)

Quote:
Originally Posted by milloy8 View Post
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.
__________________

X5 M50d White, 20"rims, Adaptive Drive, HUD, Xenon Adapt Lights, Rear/Side Camera, Sunroof, Auto Tailgate, Comfort Access, Active Perforated Ventilated Comfort Seats, M Paddle Shift, Active Crus, Stop/Go, Proff Nav + TV, DAB, 16 Spk Ind HiFi, USB, Internet, Apps, 4 Zone Air, Towbar 20% Tint, 5mm Castor Bushes, Yellow Calipers, Ceramic Pads
Appreciate 0
      10-08-2008, 09:33 PM   #14
JEllis
Brigadier General
JEllis's Avatar
84
Rep
4,783
Posts

 
Drives: E36 M3, E92 M3
Join Date: Oct 2006
Location: SD CA/Yuma

iTrader: (4)

Quote:
Originally Posted by J08M3 View Post
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
__________________
http://www.m3post.com/forums/signaturepics/sigpic14547_7.gif
Appreciate 0
      10-08-2008, 09:41 PM   #15
watrob
Major
watrob's Avatar
Australia
25
Rep
1,496
Posts

 
Drives: MY2013 X5M 50d - White
Join Date: Sep 2008
Location: Brisbane - Australia

iTrader: (0)

Quote:
Originally Posted by JEllis View Post
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.
__________________

X5 M50d White, 20"rims, Adaptive Drive, HUD, Xenon Adapt Lights, Rear/Side Camera, Sunroof, Auto Tailgate, Comfort Access, Active Perforated Ventilated Comfort Seats, M Paddle Shift, Active Crus, Stop/Go, Proff Nav + TV, DAB, 16 Spk Ind HiFi, USB, Internet, Apps, 4 Zone Air, Towbar 20% Tint, 5mm Castor Bushes, Yellow Calipers, Ceramic Pads
Appreciate 0
      10-08-2008, 09:49 PM   #16
newtom3
First Lieutenant
United_States
5
Rep
361
Posts

 
Drives: 2009 BMW M3 Coupe
Join Date: Sep 2008
Location: San Jose, CA

iTrader: (0)

I think the down market is a great oppty for M3 buyers.... the dealers are unusually pliable.
Appreciate 0
      10-08-2008, 09:52 PM   #17
attbimmer
Second Lieutenant
attbimmer's Avatar
4
Rep
248
Posts

 
Drives: '13 991S, '88 E30 M3
Join Date: Dec 2007
Location: socal

iTrader: (5)

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.
Appreciate 0
      10-08-2008, 10:06 PM   #18
newtom3
First Lieutenant
United_States
5
Rep
361
Posts

 
Drives: 2009 BMW M3 Coupe
Join Date: Sep 2008
Location: San Jose, CA

iTrader: (0)

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'?
Appreciate 0
      10-08-2008, 10:14 PM   #19
MojorisinM3
Major
MojorisinM3's Avatar
48
Rep
1,060
Posts

 
Drives: 2011 M3
Join Date: Apr 2005
Location: Nashville, TN

iTrader: (0)

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.
__________________
2011 E92 M3 Comp / MPE / DCT
Appreciate 0
      10-08-2008, 10:15 PM   #20
Sticky
Banned
United_States
30
Rep
2,244
Posts

 
Drives: E92 Jerez DCT M3
Join Date: Jan 2008
Location: Anaheim Hills / Malibu

iTrader: (0)

Not really any status value in cars under 150k, at least in California.
Appreciate 0
      10-09-2008, 12:06 AM   #21
JEllis
Brigadier General
JEllis's Avatar
84
Rep
4,783
Posts

 
Drives: E36 M3, E92 M3
Join Date: Oct 2006
Location: SD CA/Yuma

iTrader: (4)

Quote:
Originally Posted by watrob View Post
Not if you own a white one.
Thats why I bought Black

Jason
__________________
http://www.m3post.com/forums/signaturepics/sigpic14547_7.gif
Appreciate 0
      10-09-2008, 12:16 AM   #22
watrob
Major
watrob's Avatar
Australia
25
Rep
1,496
Posts

 
Drives: MY2013 X5M 50d - White
Join Date: Sep 2008
Location: Brisbane - Australia

iTrader: (0)

Quote:
Originally Posted by JEllis View Post
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.
__________________

X5 M50d White, 20"rims, Adaptive Drive, HUD, Xenon Adapt Lights, Rear/Side Camera, Sunroof, Auto Tailgate, Comfort Access, Active Perforated Ventilated Comfort Seats, M Paddle Shift, Active Crus, Stop/Go, Proff Nav + TV, DAB, 16 Spk Ind HiFi, USB, Internet, Apps, 4 Zone Air, Towbar 20% Tint, 5mm Castor Bushes, Yellow Calipers, Ceramic Pads
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 11:03 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST