Why is the resale value so low?

foosh · 07-20-2009, 05:22 PM

Quote:

Originally Posted by Bluesummer

I dont think there's CPO on M after E60 M5

Yes, there is. I considered a E93 CPO, which was a BMW corporate car, before I decided upon a left-over new '08. There wasn't much difference in the purchase price for the new car, negotiated at a different dealer.

All they do to declare it a CPO is make sure it passes their CPO inspection, then you pay extra (I was told $1K by a dealer) for that certification from BMW and the extra protection.

At the time I considered the BMW corporate car, I was told I could save money if I didn't want the CPO certification.

linsm3 · 07-20-2009, 05:40 PM

Quote:

Originally Posted by jct0518

M3 have a very low resale value b/c the dealers where giving them away for 10k less than msrp (08 model)..I friend of mine was looking for a S5 and the best he could get was 1k of msrp..

Lets say it was february 09 and the dealers where selling a brand new 08 M3 for 56k then a used m3 should logically be less than that....you get the point...

OK what dealers were giving them away for 10k less, I'm really getting upset that I pre-ordered the car and put a deposit on it because I had to be the first and it had to have what I wanted on it, I didn't want to take it as is off the floor. In the end it doesn't matter i've had the pleasure of driving it for over a year now and it makes it worth going to work in the morning with the windows down. Who cares about the resale value of a car, the more expensive the more they drop in price once the miles go on that is.

foosh · 07-20-2009, 06:21 PM

Just about all of them were offering $10-12K (or more) off MSRP in Feb-April '09 on left-over '08s. I believe they've managed to move virtually all of that inventory by now. I saw E90 and 92s for mid-$50Ks, and purchased an all-optioned E93 for $61K.

In the early days of any new, hot offering, demand is high, and MSRP or higher is the price without negotiation. At some point demand always cools, and supply catches up.

In this case, the economic crisis drove prices even further down in the auto industry. As has been noted by many in this thread, BMW and many other auto-makers have lowered production to correspond to decreased demand, so '09 prices aren't seen with the same deep discounts and aren't likely to materialize on '09s.

Timing is everything . . .

linsm3 · 07-20-2009, 06:31 PM

Quote:

Originally Posted by foosh

Just about all of them were offering $10-12K (or more) off MSRP in Feb-April '09 on left-over '08s. I believe they've managed to move virtually all of that inventory by now. I saw E90 and 92s for mid-$50Ks, and purchased an all-optioned E93 for $61K.

In the early days of any new, hot offering, demand is high, and MSRP or higher is the price without negotiation. At some point demand always cools, and supply catches up.

In this case, the economic crisis drove prices even further down in the auto industry. As has been noted by many in this thread, BMW and many other auto-makers have lowered production to correspond to decreased demand, so '09 prices so those deep discounts aren't seen and aren't likely to materialize on '09s.

Timing is everything . . .

Thanks, that makes me feel a little better even though my wanting it when I did meant I had to pay as such. If I had waited I may not have found what I was exactly looking for, next time I'll be wiser, with some help!!

SoreHead · 07-20-2009, 07:09 PM

Quote:

Originally Posted by linsm3

Thanks, that makes me feel a little better even though my wanting it when I did meant I had to pay as such. If I had waited I may not have found what I was exactly looking for, next time I'll be wiser, with some help!!

I wouldn't feel bad. Everyone that wants something new first will pay more. It's just a fact of life. You just gotta decide if you're happy to do it then forget about the price as it changes.

Finnegan · 07-20-2009, 07:39 PM

Quote:

Originally Posted by SoreHead

I wouldn't feel bad. Everyone that wants something new first will pay more. It's just a fact of life. You just gotta decide if you're happy to do it then forget about the price as it changes.

+1

Lin, I know your car puts a smile on your face every time you drive it!

Besides, you've got an awesome car no matter how you slice it with your current (and future) planned mods!

Everyone, at one time or another, doesn't make the world's best deal on their car. Sometimes we just blow it (I've done that); other times the economy just makes us look bad.

There's no way you could have know the economy was going to a major digger shortly after you bought yours. Some of us just got lucky on our timing and used that economic downturn to advantage on our M3 purchase this time around. It's all in the timing...

But know this, a car is never an "investment" or something that makes pure monetary sense no matter how you slice it--even with a "great" deal. It's not an investment; it's about either transportation or in the case of the M3, fun!

Just live and learn and negotiate a bit harder next time. But for now, forget it! And if you're still feeling a bit bummed just go for a drive, I promise you'll feel better!

yeah...I got carried away with the damn smilies....

linsm3 · 07-20-2009, 08:22 PM

Quote:

Originally Posted by Finnegan

+1

Lin, I know your car puts a smile on your face every time you drive it!

Besides, you've got an awesome car no matter how you slice it with your current (and future) planned mods!

Everyone, at one time or another, doesn't make the world's best deal on their car. Sometimes we just blow it (I've done that); other times the economy just makes us look bad.

There's no way you could have know the economy was going to a major digger shortly after you bought yours. Some of us just got lucky on our timing and used that economic downturn to advantage on our M3 purchase this time around. It's all in the timing...

But know this, a car is never an "investment" or something that makes pure monetary sense no matter how you slice it--even with a "great" deal. It's not an investment; it's about either transportation or in the case of the M3, fun!

Just live and learn and negotiate a bit harder next time. But for now, forget it! And if you're still feeling a bit bummed just go for a drive, I promise you'll feel better!

yeah...I got carried away with the damn smilies....

HEY THANKS and well said!

Damage Inc · 07-20-2009, 10:29 PM

Keep in mind the longer you have the car, the slower the depreciation curve will be over time due to:

1. The cheaper the car, the more buyers. How many private party buyers are there for $60k cars? Not many. How many for $25k cars? Quite a few.

2. BMW misjudged the demand for manual sedans + the econmy tanked, which caused oversupply.

disruptv · 07-20-2009, 11:02 PM

keep in mind

The auction prices dictate a huge portion of the wholesale and used prices....all cars were in the gutter a few months back but are definitely in the rebound as of now...the m3 has always had legendary resale value esp. among its peers so just give it sometime to stabilize....

plus if s5s are so great then why do we always hear of people trading their s5s in for m3s but never m3s for s5s? im just saying....

07-20-2009, 06:21 PM	#47
foosh Major 27 Rep 1,314 Posts Drives: 2008 M3 E93 Join Date: Mar 2009 Location: Annapolis, MD iTrader: (0)	Just about all of them were offering $10-12K (or more) off MSRP in Feb-April '09 on left-over '08s. I believe they've managed to move virtually all of that inventory by now. I saw E90 and 92s for mid-$50Ks, and purchased an all-optioned E93 for $61K. In the early days of any new, hot offering, demand is high, and MSRP or higher is the price without negotiation. At some point demand always cools, and supply catches up. In this case, the economic crisis drove prices even further down in the auto industry. As has been noted by many in this thread, BMW and many other auto-makers have lowered production to correspond to decreased demand, so '09 prices aren't seen with the same deep discounts and aren't likely to materialize on '09s. Timing is everything . . . __________________
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07-20-2009, 10:29 PM	#52
Damage Inc Lieutenant Colonel 789 Rep 1,924 Posts Drives: 2017 M2 Join Date: Apr 2005 Location: Nashville iTrader: (1)	Keep in mind the longer you have the car, the slower the depreciation curve will be over time due to: 1. The cheaper the car, the more buyers. How many private party buyers are there for $60k cars? Not many. How many for $25k cars? Quite a few. 2. BMW misjudged the demand for manual sedans + the econmy tanked, which caused oversupply. __________________ 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
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07-20-2009, 11:02 PM	#53
disruptv Major 86 Rep 1,139 Posts Drives: 3M Join Date: Sep 2006 Location: ny iTrader: (10) Garage List 09 3m [0.00]	keep in mind The auction prices dictate a huge portion of the wholesale and used prices....all cars were in the gutter a few months back but are definitely in the rebound as of now...the m3 has always had legendary resale value esp. among its peers so just give it sometime to stabilize.... plus if s5s are so great then why do we always hear of people trading their s5s in for m3s but never m3s for s5s? im just saying....
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