Why is the resale value so low?

lent53 · 07-18-2009, 01:51 PM

just sold my 08 loaded s5 with 7k miles for 48k. they are rare, so just find the right buyer and they will pay good money. having said that, I just picked up a new 09 e90 sedan

gonna post pics up soon

regards

NewM3driver · 07-18-2009, 02:49 PM

LEASE it, USE it, give it back all used up and dirty, drive an nice fresh one home no money down, repeat.

bigjae1976 · 07-18-2009, 05:37 PM

08s were quite plentiful. Comparing the E9X to the E46, the E46 had a waiting list. E9Xs were sitting on the lot.

Also, I'm sure the addition of a sedan to the lineup means more M3s on the road.

Oh yeah...the economy sucks.

Finnegan · 07-18-2009, 05:54 PM

Quote:

Originally Posted by Jerich0

What do you think resale value will be in 6 months for this car?

If I had those kind of powers I wouldn't be driving an M3 but something more exotic with all the money I'd have accrued!

Such powers of clairvoyance could be put to better use predicting the state of the economy, price of futures, or the outcome in the Middle East or with North Korea!

Sorry, couldn't avoid a semi-humorous response. Seriously, there no way to really know this since we don't know what the economy will look like at that point. If you have a good financial reserve and can really afford the car then make your best deal and enjoy it. Forget about thinking about a car as an investment--an enjoyment yes--investment no.

Salespunk · 07-18-2009, 11:20 PM

Yes, S5's are really that popular. The M3 was over produced for 2008, but they have redirected a lot of that production to other parts of the world now so there are not nearly as many 09's sitting around. You are going to lose money selling a car in 6 months or 6 years, there is no way around it.

Everyone should remember 08' when they are complaining about paying over retail for the next generation of M3's. I doubt BMW will make the same mistake twice when launching a hot car.

drey · 07-18-2009, 11:47 PM

"The M3 was over produced for 2008"

Interesting comment - didn't know that. Makes me wonder if that's part of the reason they were so quick to make superficial changes to the rear taillights for '09 - to distinguish it from the '08s, perhaps?

jct0518 · 07-19-2009, 12:02 AM

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...

ruff · 07-19-2009, 12:22 AM

Quote:

Originally Posted by NewM3driver

LEASE it, USE it, give it back all used up and dirty, drive an nice fresh one home no money down, repeat.

Hilarious and insightful.

Quote:

Originally Posted by drey

"The M3 was over produced for 2008"

Interesting comment - didn't know that. Makes me wonder if that's part of the reason they were so quick to make superficial changes to the rear taillights for '09 - to distinguish it from the '08s, perhaps?

Supply and demand economics 101.

epbrown · 07-19-2009, 12:34 AM

Quote:

Originally Posted by Jerich0

So guysssssssssss tell me should I run or take it?

I will only be willing to lose 2-3k MAX and the free service is very convenient...

If the deal is absolutely dependent on you losing no more than 3 grand, pass, because you can't control that factor, nor predict it.

smmmurf · 07-19-2009, 01:41 AM

That coupe you are looking at will probably be worth ~$40k in 1 year. The sunroof is going to make it hard to sell as well.

TTG · 07-19-2009, 02:07 AM

Quote:

Originally Posted by NewM3driver

LEASE it, USE it, give it back all used up and dirty, drive an nice fresh one home no money down, repeat.

Really, that I would like to see...... Looks like you have it all figured out....

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..

+1000
S5's are really that hot and their resale value is much much better than M3's in any shape or form.....

You can get a m3 w/ less than 5K miles for $50K....... No way you are getting a S5 with 5K miles for less than $55K..... Not bad for a car that is $10K cheaper than M3.

FOR EXAMPLE:

http://seattle.craigslist.org/est/cto/1266326254.html

TTG · 07-19-2009, 02:12 AM

Quote:

Originally Posted by smmmurf

That coupe you are looking at will probably be worth ~$40k in 1 year. The sunroof is going to make it hard to sell as well.

There are bunch of people that will not buy a M3 without a sunroof..... It all depends on the buyer's preference..... But no one will give you a "discount" bec the car has a sunroof..... I would expect a discount if the car does NOT have a sunroof.... It all depends on the buyer....

Jerich0 · 07-19-2009, 03:55 AM

F**k It .... I am buying it tomorrow will post pics in exactly two weeks since I have to do a bit of traveling... hope you guys havent gotten me in into any trouble.............

smmmurf · 07-19-2009, 04:09 AM

Quote:

Originally Posted by TTG

There are bunch of people that will not buy a M3 without a sunroof..... It all depends on the buyer's preference..... But no one will give you a "discount" bec the car has a sunroof..... I would expect a discount if the car does NOT have a sunroof.... It all depends on the buyer....

Absolutely, there are some who won't buy one without a sunroof. However, I would venture to bet that more people (and thus more potential buyers) would want their coupe with the trademark CF roof than a sunroof, at least on the E92 model...

I still stand by that car being worth ~$40k in a year...

MrHarris · 07-19-2009, 04:23 AM

Coupe - No sunroof
Sedan - Sunroof okay

JCtx · 07-19-2009, 01:56 PM

Quote:

Originally Posted by drey

"The M3 was over produced for 2008"

Using that term, practically ALL cars were 'overproduced' in 2008. The more accurate depiction is nobody predicted demand would decline so much because nobody predicted the meltdown either. And even if somebody had predicted it, car manufacturers can't react that quickly anyway.

Bluesummer · 07-19-2009, 02:37 PM

Quote:

Originally Posted by DVDA

Just get it, you've been struggling with this decision for a while...give them 50K out the door take the 18" and sell them for 2-3K and enjoy the car

Make sure you get 100K mile warranty since its a CPO now

No need to hijack the poor mans thread

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

TheBry · 07-20-2009, 02:54 PM

Quote:

Originally Posted by foosh

[snip...] You buy cars like this for different reasons, the primary one being you really want to enjoy it and use it a lot, preferably as your daily driver. It should be capable of putting a smile on your face nearly every day. Possible later resale value should be near the bottom of the list, and that is a constantly moving target which is about as easy to predict as the weather on a particular day two months from now.

Quote:

Originally Posted by amk2912

Buying an M3 is a decision made with your heart, not your brain!

Exactly. This car is an investment in my SOUL. Not easy to attach a dollar-figure to that ROI. Paid cash for mine and am driving it like I stole it! Have over 21K miles on her and am looking forward to at LEAST another 180K before buying something else.

SoreHead · 07-20-2009, 03:14 PM

Quote:

Originally Posted by TTG

There are bunch of people that will not buy a M3 without a sunroof..... It all depends on the buyer's preference..... But no one will give you a "discount" bec the car has a sunroof..... I would expect a discount if the car does NOT have a sunroof.... It all depends on the buyer....

Go check with your local dealer how many sunroofs they sell on the E92. You'll see how big the used market will be then.
I asked my dealer and he looked at me like I had two heads. He's never sold one or been asked for one with a sunroof.
It's a feature of the original design that makes up part of the cars character. I guarantee you that you'll pick up the sunroof cars waaaaaaaay cheaper used than CF version.

jcmusic · 07-20-2009, 03:16 PM

Quote:

Originally Posted by Jerich0

Its a used one with 14k 2008 fully loaded plus 18'' HRE P 40s and the original 19''s as well... 51k Out the Door.

So guysssssssssss tell me should I run or take it?

I will only be willing to lose 2-3k MAX and the free service is very convenient...

My $.02: If you don't take that deal, you're an idiot and you don't deserve it.

Go write the check.

linsm3 · 07-20-2009, 05:05 PM

Quote:

Originally Posted by jk6672

I wish I could of bought my M for 49k...

like everyone else said, these vehicles are for enjoyment, not investment

This may be a little of topic but am I the only idiot that payed MSRP for the car when it first came out. I had it on order because I wanted what I wanted. I know it's late in the game to be asking, I have to think its because I wanted one of the first ones out and it looks like I paid for it. Please tell me someone else did this or I will feel like a fool. If you can get 50 go for it. Next time around I'll be wiser but I just had to have it.

CMCM · 07-20-2009, 05:21 PM

I bought my 08 M3 for $52k with 5000 miles 1 month ago, did check carfax which shows its a leased car since Feb 2009 and the car was only 5 months old.
Actually I was looking at another leased car which had only 200 miles and was sold.
Mine was a Jerez black, with Nav, 19", EDC, and the MSRP sheet is still the car, its listed as $68k.
Year 2008 isnt good for all car companies not just M3, a dream car that i can afford may happen only these few years.

07-18-2009, 01:51 PM	#23
lent53 Private 10 Rep 63 Posts Drives: m3 Join Date: Feb 2006 Location: Raleigh, NC iTrader: (0)	just sold my 08 loaded s5 with 7k miles for 48k. they are rare, so just find the right buyer and they will pay good money. having said that, I just picked up a new 09 e90 sedan gonna post pics up soon regards
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07-18-2009, 02:49 PM	#24
NewM3driver Colonel 1110 Rep 2,007 Posts Drives: 2017 M3 ZCP Join Date: Nov 2008 Location: CT iTrader: (0)	LEASE it, USE it, give it back all used up and dirty, drive an nice fresh one home no money down, repeat.
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07-18-2009, 05:37 PM	#25
bigjae1976 Major General 1570 Rep 8,076 Posts Drives: 11 E90 M3 Individual Join Date: Mar 2006 Location: Houston, TX iTrader: (22) Garage List 2004 BMW M3 [4.50] 2011 BMW E90 M3 [5.25] 2013 BMW 328i [5.00]	08s were quite plentiful. Comparing the E9X to the E46, the E46 had a waiting list. E9Xs were sitting on the lot. Also, I'm sure the addition of a sedan to the lineup means more M3s on the road. Oh yeah...the economy sucks. __________________ 2018 F30 320iX Melbourne Red 2011 E90 M3 Monte Carlo Blue 2004 E46 M3 Imola Red 2000 E36/7 Z3 Steel Blue
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07-18-2009, 11:20 PM	#27
Salespunk Lieutenant Colonel 1745 Rep 1,700 Posts Drives: Slow Join Date: Mar 2007 Location: SlowCal iTrader: (0)	Yes, S5's are really that popular. The M3 was over produced for 2008, but they have redirected a lot of that production to other parts of the world now so there are not nearly as many 09's sitting around. You are going to lose money selling a car in 6 months or 6 years, there is no way around it. Everyone should remember 08' when they are complaining about paying over retail for the next generation of M3's. I doubt BMW will make the same mistake twice when launching a hot car.
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07-18-2009, 11:47 PM	#28
drey Second Lieutenant 21 Rep 222 Posts Drives: 2009 M3 Sedan, JZB/BB Join Date: Mar 2009 Location: Norcal iTrader: (0)	"The M3 was over produced for 2008" Interesting comment - didn't know that. Makes me wonder if that's part of the reason they were so quick to make superficial changes to the rear taillights for '09 - to distinguish it from the '08s, perhaps?
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07-19-2009, 12:02 AM	#29
jct0518 Private First Class 2 Rep 139 Posts Drives: 2008 328i Join Date: Nov 2007 Location: Boston iTrader: (1)	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...
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07-19-2009, 01:41 AM	#32
smmmurf Colonel 309 Rep 2,189 Posts Drives: E92 M3 DCT 353k+ miles Join Date: Feb 2008 Location: Half Moon Bay, CA iTrader: (7)	That coupe you are looking at will probably be worth ~$40k in 1 year. The sunroof is going to make it hard to sell as well.
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07-19-2009, 03:55 AM	#35
Jerich0 Love to Drive 197 Rep 602 Posts Drives: X4 & M4 Join Date: Jul 2009 Location: Around iTrader: (2)	F**k It .... I am buying it tomorrow will post pics in exactly two weeks since I have to do a bit of traveling... hope you guys havent gotten me in into any trouble.............
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07-19-2009, 04:23 AM	#37
MrHarris yodog 197 Rep 5,025 Posts Drives: '86 Corolla Join Date: Jun 2007 Location: Diamond Bar, Ca iTrader: (5) Garage List 2009 BMW [10.00]	Coupe - No sunroof Sedan - Sunroof okay __________________ 2009 E92 M3 \| Alpine White \| Black Extended \| Advan RS \| Turner Test Pipes \| Dinan Axle-Back \| OETuning \| Eibach Springs \| UUC SSK \| VRS Front Lip \| VRS Type I Diffuser \| Matte Black \| RPi Scoops \| MS Filter \| Yokohama AD08 \| F1 Pinnacle Special Thanks: Gintani \| OETuning \| eAs
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07-20-2009, 05:21 PM	#44
CMCM Registered 0 Rep 3 Posts Drives: 2008 E92 M3 JZBLK Join Date: Jul 2009 Location: CHICAGO iTrader: (0)	I bought my 08 M3 for $52k with 5000 miles 1 month ago, did check carfax which shows its a leased car since Feb 2009 and the car was only 5 months old. Actually I was looking at another leased car which had only 200 miles and was sold. Mine was a Jerez black, with Nav, 19", EDC, and the MSRP sheet is still the car, its listed as $68k. Year 2008 isnt good for all car companies not just M3, a dream car that i can afford may happen only these few years.
	Appreciate 0 Quote