Why is the resale value so low?

[isabayo]

Why is the M3's resale value so bad? A 2008 e92 with an msrp of around $68k can be purchased for $50k with less than 10k miles on it while a 2008 s5 that retails for $10k less sells for the same price with less then 10k miles on it.

[MTROIS]

Originally Posted by day1yun

Why is the M3's resale value so bad? A 2008 e92 with an msrp of around $68k can be purchased for $50k with less than 10k miles on it while a 2008 s5 that retails for $10k less sells for the same price with less then 10k miles on it.

Are you sure of your figures for the S5? I mean, it is not because you see ads that people will necessarily pay that price. So what are your sources??

In any case, I would surely expect that the M3 depreciates quite a lot in this economic environment (especially the first year or two) but over time it should stabilize.

Don't we estimate a loss of 10-15% of the value the moment we drive off the lot??

[gemini330zhp]

A car will always lose value its a given.

[fpblue]

Two things are at work.

1. The economy is in the $hitter. Wall St. types like myself who would normally buy these cars are either unemployed or looking over their shoulders for the grim reaper.

2. The S5 was made in very limited numbers. The car could've probably sold for well over MSRP if Audi was allowed to do that. Due to this small supply, it not as hurt by the decrease in demand out there.

[Jerich0]

Do you guys think its wise decision to buy a FULLY Loaded 2008 E92 M3 with sunroof... for 49k with HRE p40's and stock 19''s I want to keep the car 6-12 months and then sell it... How much of a hit do you think I will take later on...

And I want to factor the decision of selling the HRE 19'' Wheels that could probably be sold for 2-3k...

[carri0n m3]

Originally Posted by Jerich0

Do you guys think its wise decision to buy a FULLY Loaded 2008 E92 M3 with sunroof... for 49k with HRE p40's and stock 19''s I want to keep the car 6-12 months and then sell it... How much of a hit do you think I will take later on...

And I want to factor the decision of selling the HRE 19'' Wheels that could probably be sold for 2-3k...

guy, clearly you got a good deal... worth posting?

[Jerich0]

Originally Posted by ShErM m3

guy, clearly you got a good deal... worth posting?

Well I am a bit nervous at the moment... dont know if I should pull the trigger or not...

[duk]

the economy

[foosh]

Originally Posted by Jerich0

Do you guys think its wise decision to buy a FULLY Loaded 2008 E92 M3 with sunroof... for 49k with HRE p40's and stock 19''s I want to keep the car 6-12 months and then sell it... How much of a hit do you think I will take later on...

And I want to factor the decision of selling the HRE 19'' Wheels that could probably be sold for 2-3k...

It never makes any financial sense to buy any car. You will almost always lose money It makes even less financial sense to buy a car like this, planning to only keep it 6-12 months. It will depreciate, probably more than you want to think about. Since BMW built so many of them for this market, there will likely never be a shortage of used ones available any time in the near future.

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.

Certain cars get "hot" at certain times, and demand goes up. The S5 is currently one of those cars. A year from now, people will likely be over the novelty. Historically, Audis have depreciated pretty quickly.

[drey]

I would not buy a new car I was only planning to keep for six months, under any circumstances. Maybe if slightly used but only if it was a screaming deal.

[amk2912]

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

[smmmurf]

I doubt S5's are really selling for that, but like someone else said: novelty.

Those cars are no R8's and will be in the ~$30-35k range within a couple years.

[JCtx]

As BMW cuts production, new M3 car prices stabilize, and economy starts to recover, used M3 prices will improve.

As far as that S5 comparison, something wrong with those numbers. Maybe a base car. You have to be an idiot to pay that for an S5. At any rate, an isolated incident doesn't determine the market; there'll always be people in a bind. Can't worry about that. Good day.

[Nawaaz]

Originally Posted by Jerich0

Do you guys think its wise decision to buy a FULLY Loaded 2008 E92 M3 with sunroof... for 49k with HRE p40's and stock 19''s I want to keep the car 6-12 months and then sell it... How much of a hit do you think I will take later on...

And I want to factor the decision of selling the HRE 19'' Wheels that could probably be sold for 2-3k...

You're taking about "rldzhao's" (Richard's) '08 MR E92 M3 located in Houston, TX....right?

If so, that's a nice lookin' M3.

[jk6672]

Originally Posted by Jerich0

Do you guys think its wise decision to buy a FULLY Loaded 2008 E92 M3 with sunroof... for 49k with HRE p40's and stock 19''s I want to keep the car 6-12 months and then sell it... How much of a hit do you think I will take later on...

And I want to factor the decision of selling the HRE 19'' Wheels that could probably be sold for 2-3k...

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

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

[Jerich0]

Originally Posted by drey

I would not buy a new car I was only planning to keep for six months, under any circumstances. Maybe if slightly used but only if it was a screaming deal.

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...

[Jerich0]

Originally Posted by Nawaaz

You're taking about "rldzhao's" (Richard's) '08 MR E92 M3 located in Houston, TX....right?

If so, that's a nice lookin' M3.

I dont believe so... this car was bought in Austin and is being sold by the Land Rover of Austin...

[DVDA]

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...

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

[Jerich0]

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

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

[isabayo]

Originally Posted by elp_jc

As BMW cuts production, new M3 car prices stabilize, and economy starts to recover, used M3 prices will improve.

As far as that S5 comparison, something wrong with those numbers. Maybe a base car. You have to be an idiot to pay that for an S5. At any rate, an isolated incident doesn't determine the market; there'll always be people in a bind. Can't worry about that. Good day.

I've been looking to buy either a used s5 or a m3. The best s5 in black or white I found was $48k with 15k miles on it, it is nearly impossible to find one for under $50k that doesn't have over 20k miles on it. I also found a aw m3 coupe pretty much fully loaded with 4k miles for $49k (I realize this is a good deal considering they probably go for mid to high $50k.

[10M3MAN]

Im looking more and more at a slightly used 09 E90 M3 but it has to have 95% of what Im looking for. It would be nice to just jump in and be able to hit the gas and go. Its also worth the enjoyment of buying new as well... decisions, decisions......

[smmmurf]

No one was selling anything used at a compelling enough price, so I went with a new car for less than what some were asking for used ones...