$80k for an M3 vs used M6

[kishg]

Originally Posted by malter2.0

I don't understand this whole talk about gas mileage, especially from people who are buying $60k car and according to the poll, 50% earn over $150k.

M3 - 14/20
M6 - 12/18

Both cars use premium gas, so no savings there.

Lets calculate for city:

M6: ($3.40/gallon)*(gallon/12 miles)*(12,000 miles)=$3,400
M3: ($3.40/gallon)*(gallon/14 miles)*(12,000 miles)=$2,914

Annual price difference: $486


If you owned the car for 4 years that equates to $1,944.

yeah, really, who cares about gas mileage in an $80k car. why is this even a factor? M3 owners really don't care that much about the environment do they? if they did, they'd be driving prii (plural of prius? )

[Epacy]

Originally Posted by malter2.0

corrected.

it's ok. double the difference. make it 4mpg. is $800 per year significant?

Double the difference is over $950.

To me, that is not that big of a deal. The M6 is def sweet.

[e46e92love]

Originally Posted by kishg

I'm no M6 fan.. just don't like the car..

+1, if I was going the big V-10 route I would go E60 M5.

[GregW / Oregon]

Originally Posted by kishg

yeah, really, who cares about gas mileage in an $80k car. why is this even a factor? M3 owners really don't care that much about the environment do they? if they did, they'd be driving prii (plural of prius? )

Well, some of us do. The M3 is not the best environmental choice, but it's a splurge in my otherwise fairly sustainable life. I couldn't go as far as the M5/6, though.

[Mack211]

When you buy used you buy someone else's problems. IMO

[varun]

Originally Posted by Epacy

Double the difference is over $950.

To me, that is not that big of a deal. The M6 is def sweet.

The fact is that the M6 almost consumes a grand in additional gas per year, the M3 is lighter, has more seats, and will lap a racetrack in less time. Thats practicality from every angle. No one is saying it not a 'sweet' car, I think they were discussing pros/cons, not how big a deal it is to you.

[lvwirelessguy]

Originally Posted by Mack211

When you buy used you buy someone else's problems. IMO

I strongly disagree with that statement especially when you are buying a used BMW with the majority of its warranty & free maintenance remaining

I bought my M3 & M5 used and saved a ton. Ill let someone else eat the depreciation & gas guzzler tax.

[cardebt]

You are driving an e46 M3 currenlty, one of the best cars on the road. If the new car price doesn't make sense to you and you are willing to buy used, then wait a year and you will likely get a great deal on a e92 M3. M6 is a fantastic car, but very different.

[malter2.0]

Originally Posted by Epacy

Double the difference is over $950.

To me, that is not that big of a deal. The M6 is def sweet.

well since you want to be exact, i'll go back and address to your previous post.

M3 is 14/20 and M6 is 12/18.

even if under new laws M6 is indeed lower than 12/18, therefore M3 will be also lower. all in all, difference remains to be 2 mpg, not 4 mpg.

so it is $486, not more or less, and definitely isn't $950 difference.

[SMSgt B]

I think you have already made up your mind. One point that hasn't been brought up is warranty. With the M3, you are getting 4 years and I would think the M6 has about 2 years left. Yes, you could extend it, but you need to add that cost into the equation.

[Ronno111]

Hard to compare a brand new car against someones used vehicle. Consider the following:

First, I am not sure you can get a loaded used M6 for $80k. Even if you can, count on $2,500 per year for an extended warranty past year #4 (you're insane not to have one)

2- a car suffers the worst depreciation in years 1 and after year 4. Your $80,000 M6 after 3-4 years of owning it will be worth pennies on the dollar. Congratulations- you will own a 7-8 year old BMW worth far less than 1/2 what you paid for it. Good luck finding a dealer to take it off your hands.

3- the M3 was rated #5 of the top ten highest resale values for all cars. M6 was not even listed.

4- The M3 is not $78k, but more like $75k out the door with all taxes included.

5- and final point- the M6 is pretty fugly.

Good luck! Even though I can afford either car NEW, I am sticking with my M3!!!!!! I just can't wait to own this car

[mspeed]

some of you guys are starting to sound like haters


M3 with:
Extended Leather
Metallic Paint
19" Wheels
Heated Seats
HD Radio
Ipod/USB
Premium Sound
ZPP
ZTP
$1,300 gas guzzler

= $72,350 + Tax = $78k

Would you option your M3 with anything less?

_______________________________

Forbes: M6 Top Ten Resell Value


FORBES - Top 10 Vehicles with the Best Resale Value

by Stephen Milioti

Regardless of sticker price, cars that are rare, performance-minded, and fun to drive have the highest resale values industry-wide.

The 10 cars with the highest resale value share at least one thing in common, whether they cost $16,000 or $160,000: Most of them skew more toward fun than practicality.

The majority of vehicles on our previous ranking of the Top 10 Luxury Cars With the Highest Resale Value are the priciest, fastest, and least practical around. Opening up our new list to all cars — not just luxury vehicles — keeps a few pricey rides in play, but not as many as you might think.

Overall, the cars are definitely not as speedy. However, the impracticality factor still applies: “There are a lot of two-doors on this list,” says Larry Batton, president of the Auto Appraisal Group. In fact, all but three vehicles on the list, the Cadillac Escalade, Honda Civic Si, and Volkswagen Rabbit are only available in two-door body styles. The rest of the list includes vehicles like the BMW M6, Chevrolet Corvette Z06, and Mini Cooper S.

“Even at lower price points, people seem to care less about practicality, and more about fun,” Batton says. Certainly the Pontiac Solstice and Saturn Sky two-seat convertible twins on the list are among the least practical vehicles in the industry, not to mention Porsche’s racing-oriented 911 GT3.

Performance Counts

All but two vehicles on the list, the lumbering Cadillac Escalade and value-oriented Volkswagen Rabbit, are designed for driving excitement. And the fact that so many on the list do so without breaking the bank is noteworthy. “A solid number of cars on the list emphasize good performance at a reasonable price,” says Eric Ibara, director of market valuation at Kelley Blue Book, the company that provided resale value data on which our list is based. He singled out the Honda Civic Si, Mini Cooper S, Pontiac Solstice, and Saturn Sky as examples of affordable cars that are rewarding to drive. We also think that the Scion tC has a high fun factor.

The fact that these reasonably priced performance vehicles made the list indicates that, in terms of resale values, performance is just as important at lower price points as at lofty ones.

Uniqueness Prized

Our previous best- and worst-resale-values lists for luxury cars illustrate the relationship between how rare a vehicle is and how well it holds value over time. “Membership into an exclusive club of limited-run cars” is a major boon for resale value, Ibara says. Two vehicles on this latest list — the BMW M6 and Porsche 911 GT3 — are in that club.

But here again the power of uniqueness trickles down to less expensive cars, albeit in a slightly different way. Vehicles with loads of personality, as opposed to low production numbers, also dominate this list, from the curvy Solstice and Sky drop-tops to the highly customizable Mini Cooper S and Scion tC. “People are seeing great value in these ‘statement vehicles,’” Ibara says, even if the cachet they command isn’t based on price.

Low Prices Equal High Value

With so many excellent luxury cars flooding the market, it’s notable that many of the vehicles on this list have prices below $30,000. One reason for this is that the lower the starting price, the less opportunity it has to fall.

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Our top 10 list of cars with the highest resale value is based on residual value data compiled by Kelley Blue Book for 2007 vehicles. The first nine vehicles share the same predicted value retention over five years, 48 percent, and therefore are arranged alphabetically. Of the five vehicles that had 47 percent value retention five years out, the Scion tC made the list because it had the lowest sticker price and therefore the smallest amount of depreciation.

[Champagne]

Originally Posted by mspeed

Fully equipped DCT it will be $72,350 Add tax = $78k

Anyone else having a problem with this?

I just can't rationalize spending $80k on a 3 series.

Used M6's are about that price now.

I just put down a deposit for a 2006 M6 with 8000 miles for nearly the same price. HUD, illuminated door sills, an interior thats completely covered in leather lol

seems like a much better deal to me

I was in the same place before ordering my M3, my dealer had an M6 in that had gone 6 000 km, and was driven by the dealership owner. It went for almost the same price (slightly higher) as a new M3.

After trying to sit in the back seats, I quickly placed an order for the new M3 and I quickly got confirmation that I made the right choice after looking through the option list. I now had the ability to get my own PERSONALIZED car, tailored after my preferences.
Besides... That 'new car smell' you just can't put a price on, am I right?

[phoenixbmwlife]

Originally Posted by malter2.0

corrected.

it's ok. double the difference. make it 4mpg. is $800 per year significant?

The M3 with M-DCT gets even better mileage and that's the car being compared in the original post.

[RandyB]

Originally Posted by mspeed

some of you guys are starting to sound like haters


M3 with:
Extended Leather
Metallic Paint
19" Wheels
Heated Seats
HD Radio
Ipod/USB
Premium Sound
ZPP
ZTP
$1,300 gas guzzler

= $72,350 + Tax = $78k

Would you option your M3 with anything less?

Yes.

Leather Seats
19" Wheels
EDC
CL Trim

I don't really like the M6 anyway, so that's not a choice I would entertain.

[Epacy]

Originally Posted by varun

The fact is that the M6 almost consumes a grand in additional gas per year, the M3 is lighter, has more seats, and will lap a racetrack in less time. Thats practicality from every angle. No one is saying it not a 'sweet' car, I think they were discussing pros/cons, not how big a deal it is to you.

He asked the question in his reply to me.
Thanks for jumping in though and speaking without having any idea what you are talking about.

[Epacy]

Originally Posted by malter2.0

well since you want to be exact, i'll go back and address to your previous post.

M3 is 14/20 and M6 is 12/18.

even if under new laws M6 is indeed lower than 12/18, therefore M3 will be also lower. all in all, difference remains to be 2 mpg, not 4 mpg.

so it is $486, not more or less, and definitely isn't $950 difference.

No, no, no, no.
Follow along here. There are lots of threads about EPA mgp's on here.
The M3 numbers are from the new, 2008, scheme. The M6 numbers are not.

[Epacy]

Originally Posted by www.fueleconomy.gov

Annual Fuel Cost

1. 2008 BMW M6 $3807
2. 2008 BMW M3 $3094

$713

...

[GregW / Oregon]

Originally Posted by Epacy

No, no, no, no.
Follow along here. There are lots of threads about EPA mgp's on here.
The M3 numbers are from the new, 2008, scheme. The M6 numbers are not.

Correct, the numbers from the 2008 Fuel Economy Guide ar 14/20 for the M3 and 11/17 for the M5/6.

Here is the complete guide you can download: http://www.fueleconomy.gov/feg/FEG2008.pdf

[malter2.0]

from fueleconomy.gov

* Based on 45% highway driving, 55% city driving, 15000 annual miles

they use different mileage and different fuel cost.

fueleconomy.gov places M5 and M6 under the same umbrella. there could be 1mpg difference because M6 is lighter than M5, which again gives you 2 mpg difference.

They also give the same ratings for M6 coupe and M6 convertible (how credible is this?). Coupe weighs 489lb less.

[nusevad]

Originally Posted by mspeed

some of you guys are starting to sound like haters


M3 with:
Extended Leather
Metallic Paint
19" Wheels
Heated Seats
HD Radio
Ipod/USB
Premium Sound
ZPP
ZTP
$1,300 gas guzzler

= $72,350 + Tax = $78k

Would you option your M3 with anything less?

Hell yea, regular leather, M-DCT, ZTP, Ipod and im done.

ZPP, HD radio, heated seats, P. sound, wheels are just unnecessary for me.

[gasman]

Originally Posted by Ronno111

Hard to compare a brand new car against someones used vehicle. Consider the following:

First, I am not sure you can get a loaded used M6 for $80k. Even if you can, count on $2,500 per year for an extended warranty past year #4 (you're insane not to have one)

2- a car suffers the worst depreciation in years 1 and after year 4. Your $80,000 M6 after 3-4 years of owning it will be worth pennies on the dollar. Congratulations- you will own a 7-8 year old BMW worth far less than 1/2 what you paid for it. Good luck finding a dealer to take it off your hands.

3- the M3 was rated #5 of the top ten highest resale values for all cars. M6 was not even listed.

4- The M3 is not $78k, but more like $75k out the door with all taxes included.

5- and final point- the M6 is pretty fugly.

Good luck! Even though I can afford either car NEW, I am sticking with my M3!!!!!! I just can't wait to own this car

I agree. You just can't compare a car that is a couple of years old to a brand new car. Sounds kind of funny when you're going around bragging about your new car to everyone and come to find out, it's actually not new at all!