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      04-08-2011, 01:56 PM   #23
persian54
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My car costs me 811/month for 36 months and it's worth it to me
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      04-08-2011, 07:17 PM   #24
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Originally Posted by E=mc2 View Post

So in my view, buying a 2008 M3 using a loan from a bank with very low APR, keeping the car 3 years, paying it off and trading it in to the dealership and getting a 2011 lease is a very good choice. That way you can take almost no hit, drive 2 M3s for 6 years. When you trade in your car, you don't pay sales tax, you get loyalty and low money factor, and with the money you will make in your trade in you can go for MSDs which will bring down your money factor even more. So what did you do? You actually invested the money you made on your first M3 and made a huge return. In the end, you leased a brand new 2011 M3 with an interest rate that's ridiculously low (2.9-3.2%). It's so low that some banks won't be able to match that APR for any type of loan.

I'm sorry but if you buy an M3 now, you are going to very much realize in 3 years when the new F3X M3 is a year old, your call will have depreciated so much, it will hurt to sell.
Very good points you bring up, but don't forget those buying an M3 near the end of the production cycle because of the NA engine
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      04-09-2011, 07:59 AM   #25
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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
Nobody is stating an M3 (or any car) is an investment. But that the M3 DEPRECIATES slower than many other cars (high resale values).

The point of the thread is simply that you can drive a brand new M3 for $500/$600 a month depreciation if you have the $$$ to put up front due to the high resale values. Compare that to what other types of cars people are paying ~$500 a month for. People always comment "I cant believe you have that expensive of a car" when they pay $600 a month for a Grand Cherokee, etc.

That's it.
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      04-09-2011, 01:06 PM   #26
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"My 08 loaded sticker was $68k, I paid $59k in 08 brand new,..."
REALLY...LOL...
...I cannot imagine any dealer selling a brand new M3 for $9000. BELOW MSRP???
There was something around $12000 trunk money in the leftovers 2008 M3 in late 2008/early 2009. The peak was around summer of 2009, with discounts of up to $20,000 on brand new 2008 M3 still in dealer lots.
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      04-09-2011, 03:58 PM   #27
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Quote:
Originally Posted by MojorisinM3 View Post
But that the M3 DEPRECIATES slower than many other cars (high resale values).
I don't think so man; 64% resale value after 3 years is nothing to brag about. And don't expect to get that with the mileage you'd put on a Toyota. Doubt many cars are worse than that. But I have to say BMW is doing better than before lately, so that's good news. You buy cars like this because you like them, not because of great resale value . Good day.
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      04-09-2011, 04:05 PM   #28
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Fxxk those Canadian dealers, I paid 85k plus with tax and they want to take my 08 trade for 33k. Worst place to buy cars on earth for sure.
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      04-09-2011, 06:10 PM   #29
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Fxxk those Canadian dealers, I paid 85k plus with tax and they want to take my 08 trade for 33k. Worst place to buy cars on earth for sure.
wow!
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      04-09-2011, 06:51 PM   #30
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Quote:
Originally Posted by persian54 View Post
there are some who will be like that... but the masses won't

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
Yes, but a lot of people that could not afford a brand new (0r 2-year-old) M3 are looking for one.
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      04-10-2011, 03:54 AM   #31
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Fxxk those Canadian dealers, I paid 85k plus with tax and they want to take my 08 trade for 33k. Worst place to buy cars on earth for sure.
Go to the Middle East.

In Iran, there's a 100% Import tax and a 100% Luxury Tax.
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      05-13-2011, 09:34 AM   #32
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73,000 New
After 36 months at 64% resale is 47,000 roughly

So we have 23,000 in depreciation


26k miles, at roughly 17 MPG is 1,500 Gallons of gas at 3.80 is roughly 5,700 Bucks.

36 Months of Insurance at 150 a month is 5,400 bucks.

23,000+5,700+5,400= 34,100/36 = 947/month to drive.

With the wheel and exhaust mod (6k for HREs, 3k for Eisnemann) this ballons to 1,197/month to drive.
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      05-13-2011, 10:15 AM   #33
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Friend of mine just traded his '08 with close to 40k mi for $42k. Loaded 6 spd coupe. With tax benefit, about $21k in depreciation over 3 years. Paying $800-1000/mo in a lease to "rent" the car is convincing yourself you can afford it and wasting money. Owning the car clearly pays off as they hold their value well.

"Values will plunge when the new one comes out." No. Didn't happen to the E36 or the E46 and even more arguments it won't happen with the E92. People chastised me for taking a chance on a 2011 X3. Ohh, new model risk. Who is taking the new model risk on a triple turbo M3 the first year of production??? Not me. Are you going to wait for the first model in 2013 or 2014? Not me. Not only do you need to wait for the first one to hit the shores, you've got to wait a good 2-3 years for the new engine issues to flush out.
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      05-13-2011, 10:40 AM   #34
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i disagree with everyone who says the car is not an investment
you have to look at it from a different perspective
cars belong to a group of products (collecting wine, Art, etc) that are an investment, but the ROI is not cash
so it is not a monetary investment
but you go get back happiness

you find me something else that gives me this much pleasure every day
for $730 a month, that isn't illegal, or could get me into trouble with the wifey
and isn't hamrful for my health
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      05-13-2011, 10:42 AM   #35
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Quote:
Originally Posted by persian54 View Post
Go to the Middle East.

In Iran, there's a 100% Import tax and a 100% Luxury Tax.
you think that's bad
an M3 in Egypt costs a cool $350,000!!!
customs are crazy high and they are based on engine size
the bigger the engine, the higher the taxes

so i bet there are a lot of egyptians who were thrilled when they heard the next M3 will have a smaller engine
if i buy the next one, i'd hold on to it, and eventually take it back
you save a lot on customs if you buy new and take it back later
you save 10% first year and 5% for every additional year you owned it prior to bringing it in
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      05-13-2011, 03:56 PM   #36
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Quote:
Originally Posted by Technic View Post
There was something around $12000 trunk money in the leftovers 2008 M3 in late 2008/early 2009. The peak was around summer of 2009, with discounts of up to $20,000 on brand new 2008 M3 still in dealer lots.
Exactly. It was crazy. Some dealers had 10+ sedan M3's with manual on the lot that they were dumping. It was a bit scary taking the plunge in the first year seeing the over supply. It seems production was slowed on the sedan, which then stabilized the supply / demand, thus resales were stable.

Since I picked up mine up at a steep discount, my depreciation is smaller than somebody who payed MSRP.
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      05-13-2011, 04:42 PM   #37
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Quote:
Originally Posted by MojorisinM3 View Post
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&GT1=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.
How come the insurance cost you almost US$2000. I only have to pay little over US$1000 for my annual premium and i am 23. My credit is over 800, so i don't know if that helps.
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      05-13-2011, 04:57 PM   #38
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Quote:
Originally Posted by MojorisinM3 View Post
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&GT1=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.
the reason why is because of people like me who say, "aint no way im selling my M3" just look in the papers dealers never have used M3s for sale. m5s m6s but not M3s
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      05-14-2011, 02:10 AM   #39
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Agree, not an investment.

What I did was negotiate the price of the car, and the built a lease off that price. Being 21 yrs old, I couldn't get a good interest rate from any bank and don't have 70k in cash obviously, so the lease was a much more effective way of paying for the car. Plus in 3 years I can look at market rate for the car and if it looks good I can buy the car back for a pre-negotiated price and flip it. Or if those market prices are bad, just turn the car in and be done with it.
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      05-17-2011, 11:46 PM   #40
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Are we forgetting how much we actually paid every month to lease the car?
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