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01-08-2010, 02:27 PM | #1 |
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So, with 2011s four months from being stateside...
Aren't the 2008-2010s in for some immediate depreciation? These vehicles will be prematurely aged by 6 months will they not? LCIs are one thing, but moving up the model year rollout by 6 months would seem to have some profound implications. How does BMW move the 500+ 2010s in the US without discounts?
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01-08-2010, 03:07 PM | #2 | |
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Then by January 2009, the other one-two punch was an additional $7500 trunk money of leftover MY2008 M3 on top of any other incentives and discounts -the infamous $69,745 M3 selling at $49,000- and some MY2009 M3 selling already at invoice. The fact of the matter is that the E9x M3 has been deeply depreciating since at least June 2008 at a much more quicker rate than the E46 M3, because every time BMW have some trunk money or discounts on the M3 the depreciation shoots up more than the "standard" depreciation of just model years passing by. The 6-months MY2010 run -already selling at $8000 below MSRP in at least one dealer- and the MY2011 LCI are just another one-two nails in the depreciation coffin. The only thing that could help is that BMW have cut considerably the M3 production, so used M3 supplies should match more or less the used market in the long term, thus keeping some semi-decent resale values... but just not in the near term at all, IMO. |
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01-08-2010, 05:19 PM | #3 |
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Yeah, I figured that they could try to let the current supply catch up with demand. But, many of the leased 2008s will be joining the market, too, and that could complicate things. I've been toggling back and forth between new (2011) and used. Last week, I set an acceptable Summer target for a 2008, e.g., a price that, if reached before August of this year, would seriously have me thinking about getting into a used M this year rather than a new one next year. Just today, I found an acceptable car. At $2K less than my target. It does not have the CF roof, but other than that, it has what I want. Now, I figure that I've got 7 months to look for the right vehicle at acceptable price points.
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01-09-2010, 07:45 AM | #4 | |
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Just like '08's were discounted when the '09's got here and '09's (and even some '08's still left) were discounted when the '10's got here. Everything is moved by forward six months this year but like Technic said, that is just another line in what is unlikely to be a bright resale story value for E9x M3s. |
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01-09-2010, 08:00 AM | #5 | |
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OP, this is a great time to buy a new or a used car. You'll get a great deal either way. If you want a new car, I'd try to get a deal on a 2010 after the 2011s start showing up on lots.
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01-09-2010, 10:45 AM | #6 |
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This is very interesting. I am thinking of trading in my Lotus and getting into an e92 m3. I was originally looking to get an 08 with lower miles. Would getting a different model year or waiting yield a lower loss later on down the road? (P.S. this is my first post but i have been lurking for quite some time)
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01-09-2010, 11:11 AM | #7 | |
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It sounds obvious but if you think about it it is not, as although there are some '09 M3 still on dealer lots (at least 50 MY2009 and 160 MY2010 M3 left nationwide according to autotrader) that could be hit with another round of discounts in the coming weeks just to clear them out, and the same could be happening to those MY2010 after April, if any of those cars is not near what you are looking for then it will not matter how much money you will save. Last edited by Technic; 01-09-2010 at 12:33 PM.. |
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01-09-2010, 12:29 PM | #8 |
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I guess I'm confused as to why BMW did not put any special Finance Rate on the 2010 M3's.... They would clear them out, even if they lowered the interest rate to 3.9%.
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01-09-2010, 12:35 PM | #9 |
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Drives: E60 M5, E71 X6M, E46 M3
Join Date: Feb 2008
Location: At the gas station
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Garage List 2006 BMW E46 M3 'vert [0.00]
2008 BMW M5 [0.00] 2011 BMW E92 [0.00] 2012 BMW X6M [0.00] 2003 E46 M3 [0.00] |
IMHO...get exactly the car that you want at the price that you can afford...and understand that your car WILL depreciate...but this will not decrease your enjoyment of your car
and interesting read about depreciation
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Current: 2006 E46 M3 'vert 6-sp 2008 E60 M5, 2011 E92 328 6-sp, 2011 E70 N55, 2012 E71 X6M
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01-09-2010, 01:19 PM | #10 |
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Aside from the '08 cars that were purchased at near or over MSRP, the depreciation of the other cars sold at a discount is pretty reasonable. If you bought your car for invoice or a bit less then you are doing fine, IMO. I do agree that the E46 held its value much better when comparing market value to MSRP, though.
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01-09-2010, 02:57 PM | #11 |
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2010 is still the current model year. They will probably wait a bit longer before starting incentives.
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01-09-2010, 03:16 PM | #12 | |
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01-09-2010, 04:24 PM | #13 | |
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01-09-2010, 05:39 PM | #14 | |
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My strategy will be getting an 08(Before my 08 135I( turns 3 years old in april) keep it for 2-3 years and trade it in for a last year production car and make it a keeper. I'm just waiting for the canadian dollar to be on par and I will get one.
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