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05-18-2019, 11:08 AM | #1 |
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I’m not happy with the value of my recently acquired M4 - what should I do?
Hey, whats up community?
I love cars! I have owned a Corvette, Hellcat, two GT-Rs, and I just got my first Bimmer about two months ago - a 2018 M4 ZCP 6MT. The previous owner also installed a clear bra, a nice carbon fiber/alcantara M steering wheel, and a REMUS exhaust. What sold me on the car was the manual transmission, I6 twin turbo, all the carbon fiber, and 450 horses ain’t bad either! I also wanted to reduce my cost - the M4 is about $400 less a month than the GT-R was, and maintenance is included up until 36k miles. Unfortunately, after two months of ownership, I am starting to feel like the car is slower than I expected. Also, the depreciation is steep. I am in the car business, so I like to shop online for whatever is out there. Just toying with the idea of trading the car in, I am barely seeing $50k with 11k miles. The vehicle was about $80k new. I love the design and have always been a fan which is why I finally decided to buy one. But, I guess I am a little disappointed with the performance compared to the cost, and I am wondering if maybe there is something I am not seeing. So I am asking for a little guidance. Thanks for the help! |
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05-18-2019, 11:53 AM | #2 |
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What makes them expensive? Well its German, BMW and M
What to love about them? Well BMW M has a long history and M has been benchmark for may manufacturers. Let's see what others have to say
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05-18-2019, 01:16 PM | #3 |
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You're in the car business but didn't research the depreciation curve before you bought it?
As for performance, there are lots of options for you. A simple tune and new drop in air filters will help.
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05-18-2019, 01:20 PM | #4 |
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You’re comparing different classes of cars. Coming from a GTR, Hellcat? Unless you mod the M, it won’t have that blistering straight line power and torque you’re accustomed to.
Sounds like buyers remorse. Did you test drive the car first? |
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05-18-2019, 01:25 PM | #6 |
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Also since you are in the car business you know it is too late now to do anything about other than mod it to your taste. Unless you want to take a bath on it to move on.
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05-18-2019, 01:34 PM | #7 |
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Since you bought this barely used, I would imaging the previous owner/seller took the largest hit on depreciation. The next few years don't lose too much more. Not a bad place to be, unless you drastically overpaid, and just realize this now. +1 If you are in the car business, this should not be news. Also +1 different kind of car, you might grow to love it, or mod until you do. Sky is the limit.
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05-18-2019, 01:40 PM | #8 |
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Sell it (or trade it in), take whatever loss you must and move on. I didn’t see where you said what you paid for it, but presumably it wasn’t the $80K new you are comparing to since you are not the original owner. If your bought it 2 mos. ago your biggest hit is coming from comparing sales price to trade in wholesale. No matter what mass manufactured car you buy, you will lose money doing that. How much did you pay for the car?
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05-18-2019, 01:42 PM | #9 |
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Tune it and see if you're okay with it. If not, just trade it in and call it a loss and a learning lesson.
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05-18-2019, 02:01 PM | #11 |
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As a lot of people have already mentioned, it seems extremely strange that you are in the car business but fail to do rather simplistic research regarding cars like the BMW M.
A corvette, hellcat and GT-Rs are far different cars in comparison to anything like German sports cars. If you were expecting some crazy straight line things (not like the M3/M4 isn't good at that) then you got the wrong car. Not to mention, you aren't the first owner of that car, I highly doubt you paid the original 80k price tag to begin with. Which again points me to, you are in the car business but didn't do a simple research? Anyone on this forum who tends to compare American muscle cars to German sports cars tends to get laughed at because that isn't even close to the same comparison you should be making. These cars are built for other reasons, not straight line performance and videos of them crashing into walls exiting car meets.
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05-18-2019, 02:04 PM | #12 |
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i just don't see how people forgot the cardinal rule of car depreciation. The Second you sign the dotted line the car value has fell off a cliff. There is no car in this world save a few, where you aren't taking a bath within the first 4-5 years of ownership. I had this radical idea to that the M was rare. Being in the car game, you should know all luxury brands have diluted their product line to increase sales. Hard to justify value in a m3 when someone can buy an m340i (which is actually better suited for them; probably me too but no stick) gone are the days when it was 325i, 335.
Moral of the story; if you gunna keep hoppin cars; you better have copious amounts of disposable income. |
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05-18-2019, 02:04 PM | #13 | |
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05-18-2019, 02:38 PM | #14 |
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I did my research which is why the overall situation is not that bad. I just assumed that the M4 would have a lot more to offer with an $80k price tag and the reputation that it has. And, yes, all cars depreciate, however, this is another level of depreciation.
I am happy enough with the car to drive it for the next six months to a year and break even on it. But, I just wanted to see what it was you guys loved so much about it. I just don't find anything that exciting about the car. The interior is a nice quality, but not that much more special than some of the other cars I have had. So what makes this car 80k? I am in it for $57.5k. Its on Cargurus if anyone wants to check it out. Pretty sick M4 actually, and I would tune it, but voiding factory warranty or putting money into a car is not something I want to do, especially knowing I may be trading it in soon. |
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05-18-2019, 02:43 PM | #15 | |
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05-18-2019, 02:48 PM | #16 |
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Well if you start with the understanding there is no possible way to get the retail price you paid when you trade in, and used the car for a couple of months, $7,500 isn’t all that bad. I’d be surprised if anyone could buy a car and trade it in a couple of months later and lose less than 10% of what they paid even if they never drove it. That is not just depreciation - it is comparing retail to wholesale. Then there is actual cost of using the car on top of that. Additionally, since this car is a straight wholesale auction car, as it can’t be CPOd with the exhaust, that isn’t going to help value.
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05-18-2019, 03:07 PM | #17 | |
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05-18-2019, 03:47 PM | #18 |
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You are seeing them sell for close to $60K or seeing ask prices for close to $60K? With or without CPO extended warranty? This is now a 2 year old MY.
I actually think the aftermarket exhaust detracts from trade value. No dealer is going to take a risk and pay a premium over wholesale for a car they know they will send to auction unless they also mark up sales price on whatever they are selling. I don’t think BMW is that different, if at all, from other German car brands when it comes to trade in values. Also when new, an M4 with an $80K MSRP probably sold for $72K - $75k. M4s do not sell for MSRP.
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05-18-2019, 03:55 PM | #19 |
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If anything, I think you should consider yourself grateful that you're even in a position to own one of these cars....let alone complain about it so much. There are countless people who aren't in as fortunate a position, and an M3/M4 is a dream car for many.
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05-18-2019, 04:00 PM | #20 | |
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62-65K CPO 57-60k for M4's with more miles and less equipment than mine. |
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05-18-2019, 04:03 PM | #21 | |
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05-18-2019, 04:06 PM | #22 | |
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