11-26-2017, 09:28 AM | #1 |
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Gauging the current and future used M3 market
Any drop offs in price anticipated etc. (abundance of leases being turned in/body change) or is now the right time to buy a lightly used M3? Seems that a ~30k mile M3 can be had around the 43k mark now, which seems like a good price to me, but I honestly don't know too much about the segment. I tend to switch cars out with some frequency so resale matters a bit, but I am realistic too. With that being said, I ask:
Where do you see the M3's values within the next 3-12 months? (Short story long is that I was in the market for a preowned 911TT, but I think that a sedan is the better move for me at this point. This lead me to the M3 or M5. My brother-in-law just traded out of his M5 Comp recently, and while I loved the car, I think the M3 may bridge the gap a bit more from the 911TT (weight/size). Heart is with 911TT due to reliability and lack of depreciation which is why I asked what you guys think the market will look like soon.) |
11-26-2017, 09:48 AM | #2 |
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If you're that worried about depreciation, why not lease? With the holiday credit, now is a great time to get a low monthly payment lease.
If you plan on keeping it, then I wouldn't worry too much about depreciation. It's inevitable.
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11-26-2017, 10:15 AM | #3 |
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Too many variables... MY, mileage, condition, options, dealer vs. private party, CPO, etc. $43K now seems a bit buyer optimistic to me.
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11-26-2017, 11:11 AM | #4 |
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Just lease. 3 years you walk away with clean hands and lighter wallet.
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11-26-2017, 01:17 PM | #5 |
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Lets just assume I get an M3 for $45k...with around 20k miles on it.
In three years the condition is good and miles are around 40k. My thoughts are the car would fetch 30-35k, in which case I'm out $275-500 per month. If I were to lease, there is no chance of getting anywhere near that price per month. I will be buying the car outright at the time of purchase, so if it does take a hit to carfax for whatever reason there is a depreciation risk. To clarify, I am not looking at this as an investment, but would like to go about it in an informed way. The point of the thread was to gauge what you guys think will happen with the market in next say 3-12 months. I don't think prices will drop much, but I read somewhere that the end of production, announcement of new M, and lease returns may bring prices down in the near future. No clue if any of that is true or false, or if it will seriously impact pre-owned prices moving forward. |
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11-26-2017, 01:59 PM | #6 |
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2018 is the last year for current gen M3. New gen M3 will come out around 2020-2021 time frame. As far as how that will affect resale value, no ones for sure.
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11-26-2017, 04:24 PM | #8 |
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11-26-2017, 05:01 PM | #11 |
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Not looking for a loaded car, all clean title options below...surely one can be had for 45k. Reason I say 45k is because one just popped up at a local toyota dealer near me for 46k with 10k miles on it, with a clean title.
https://www.bmwwest.com/used/BMW/201...a890a92b62.htm https://www.bmwwest.com/used/BMW/201...2b4e948729.htm http://www.peakkia.com/auto/used-2015-bmw-m3/21266490/ |
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11-26-2017, 05:09 PM | #12 |
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Houston huh. Would flood damaged vehicles even be reported damaged when they get sold? And show up on CARFAX?
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11-26-2017, 05:31 PM | #13 |
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Your long-term (3 years) assumptions are very optimistic. Lightly optioned M3s in general aren't likely to hold value particularly well, compared to well optioned versions. I think the F80 in general holds decent value, but using it as a long-term investment may not be wise. You know your finances better than me, so do what works for you, but 3 years is a long time in the auto buying world. I basically flipped a car in my last year of med school, but this was a Hyundai and I had it like 8 months.
Also, I would wonder the same as above about Houston area cars right now.
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11-26-2017, 05:40 PM | #15 |
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the color combos on the first two and def the reason for the low price. and espec a stick with that combo. but if u dont care, good for you
THAT white one at kia looks wrecked. the interior looks like it was buffed with a mr clean eraser |
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11-26-2017, 05:59 PM | #16 |
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Good eye...Houston cars are out! I may hold the car for 2 years and not 3, but I will keep it longer than 1 year for sure. Prefer DCT over manual as Miami traffic is no fun. Either way 45-50k I can find something nice. I am not one for options, I usually prefer strippers, never use any features such as gps, etc. I like smaller wheels with bigger tires, hardtops, I even like cloth. I do like a good sound system though!
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11-26-2017, 06:02 PM | #17 |
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Colors on first two are crappy IMHO and it also looks like their only options are extended leather and 19in wheels. That plus the MT they've probably been sitting for a while. So if you like them and there is no flood damage might be good options. The third id check to see if it was ever titled out of NJ. The ccbs and a few m performance parts are usually a clue to this being a possible performance center vehicle. Also replacement costs on the ccbs are stupid expensive.
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11-26-2017, 07:17 PM | #18 | |
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Quote:
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11-26-2017, 07:28 PM | #19 |
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Moonroof+DCT+steel drive shaft = perfection
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11-26-2017, 08:03 PM | #20 | |
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How would I be able to find out if that car was ever a performance center vehicle, as it is currently at a Kia dealership? Would BMW release that info with a vin? |
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11-26-2017, 08:21 PM | #21 |
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Few advice OP, never worry/think about resale. Not only would it hurt your head, you will never be happy with the car if you constantly think 10 steps ahead before you take even one.
Second, there are a few threads on this already about M School cars. The car will have a history of being obtained in New Jersey. The M car would generally be around 5k in mileage. It would also have CCBs most definitely. Having those three, especially a M car from New Jersey w/ 5k or close in mileage is a flag that the car is from M School.
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11-26-2017, 08:31 PM | #22 |
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Another one at that price point...time to start looking. I drove a friends M4 a while back and I remember liking it, but haven't had a chance to drive an M3. If memory serves me correct, the car braked very well, and moved pretty well too! Only complaint I recall was that it was a little too "electronic" which is a good and bad thing, depending on my mood. Time to get some seat time this week, hopefully. At a glance, it's a ton of car for the price, and the E92/E90's have held up pretty well so far as resale, after their initial hit.
https://www.autotrader.com/cars-for-...&modelCode1=M3 |
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