Advice: Should I trade in my '16 M3 for an '18 M3?

[toni8284]

Hi, I currently had a '16 M3 without Comp. Package.

Fully loaded, 8500 miles. Payoff around $61000.

Based on MMR, the selling price for my '16 M3 should be around $63000. (dont know how accurate is that).

Want to get a '18 M3 with Comp package, fully-loaded.

If I can get a trade in value even out the payoff.

Should I do it?

[Hedoniste]

I did it but I had a 2015 (one of the first in my country).

[Super Spartan]

Originally Posted by toni8284

Hi, I currently had a '16 M3 without Comp. Package.

Fully loaded, 8500 miles. Payoff around $61000.

Based on MMR, the selling price for my '16 M3 should be around $63000. (dont know how accurate is that).

Want to get a '18 M3 with Comp package, fully-loaded.

If I can get a trade in value even out the payoff.

Should I do it?

one word..........yes

2018 / LCI Updates =

BMW Icon Head Lights which look way better and more aggressive (you have to ensure you chose the Adaptive LED Headlights option to get them with the LCI)
LED Tail lights
new iDrive 6 Infotainment System
Blacked out seat M logo lights

now on to the more exciting part, Competition Package:

Power output: 444 HP
0-60 DCT: 3.8 seconds (sedan/coupe), 4.1 seconds (convertible)
Tuned Adaptive M Suspension
New Springs
New Dampers
New Anti-Roll Bars
Reconfigured driving modes (Comfort, Sport and Sport+)
Reconfigured Active M Differential and DSC Dynamic Stability Control
Forged, machine-polished, weight-and rigidity-optimized, multi-spoke 20-inch M alloy wheels (front 9J ×20; rear10 J ×20) Mixed tires sizes (front: 265/30 R20, rear: 285/30 R20)
Special lightweight M sports seats
Seatbelts with woven-in BMW M stripes cap
M sports exhaust system with black chrome tailpipes
BMW Individual high-gloss Shadow Line exterior trim
High-gloss Black finish on the BMW kidney grille, the side gills and the model badge on the tail

[RickFLM4]

Maybe this guy will buy it:

http://f80.bimmerpost.com/forums/sho....php?t=1391874

[GrussGott]

Originally Posted by toni8284

If I can get a trade in value even out the payoff.

Should I do it?

So you're asking: if you have no financial downside, should you buy the 2018 car that you want?

Given this is the type of thing you feel you need advice on, I'm going to go with no.

[ssuene93]

I would do it if they trade in is even out the payoff.

[Egrunt]

I would stay with you current M3 unless moving onto another type of vehicle. I have a 2015 M3 with a MSRP of 77k and back in Nov. of 2016 I was looking at a new Z06. My M3 at the time had 11k miles and they (Chevy dealership) offered me 48k. My M3 has the full front covered with paint protection film. There are no dents or dings and only very minor chips in the windshield. I even spoke with my BMW dealership since they know my vehicle and they stated the Chevy dealership was in the ball park with their trade estimate. Kelly blue book trade was 56k and I believe NADA was 1 to 2k higher. The market/ area and what the vehicles may be selling for at auction will dictate the value of vehicles at least that is my belief.

If you track the M3 then the competition package may have value. I personally do not like the wheels on the comp package and they would be the first thing I would change. Even before the comp package came out I had already changed the front grill, side emblems and rear emblem to black. I myself do not track my M3 and only engage in spirited driving on windy roads and the standard M3 fits the bill for me.

You could always install the new headlights in your M3 along with other modifications. However at the end of the day if the 2018 is what you want and price that you get for your current M3 is acceptable it might be the way to go. This is coming from a guy who bought a new Corvette in 1992 when the LT1 (300hp) was introduced and the vehicle I bought had an automatic transmission. Then in 1994 I traded the 92 in for a new 94 Corvette with the manual (6 speed) transmission just to get the manual transmission.

[mtr3s]

get a different car

[Ryno 27]

yes

[jimbethesda]

Originally Posted by GrussGott

So you're asking: if you have no financial downside, should you buy the 2018 car that you want?

Given this is the type of thing you feel you need advice on, I'm going to go with no.

no financial downside?

Not in finance I'm assuming. Financial literacy is so poor in the U.S.

If you're going to be snarky, you should at least know your sh$t.

[GrussGott]

Originally Posted by jimbethesda

If you're going to be snarky, you should at least know your sh$t.

What fun would THAT be? If you're gonna be judgy, at least try to be snarky about it.

[PoorLurker]

Get the 2018... You already know people around town are judging you because you don't have ZCP and the other updates.

Who cares about the sales tax and other fees. By flipping cars every couple of years, you really portray a lifestyle of "I know what I want and I will achieve what I want." I hear that a man with conviction really appeals to the ladies. (or men if you swing that way)

[paliknight]

BMW really has some owners by the balls. Unless it was a change of model or lease end upgrade, I would never take that much of a hit on my vehicle.

[Alpine Missile]

I'd go for it if you truly love the car and won't get smoked on your trade. You're probably going to take a $5k hit. Not bad if you can get an '18 comp pack at a 5k discount. Keep in mind that beyond 2018, the DCT will no longer be an option. The Comp package car is considerably better than the base car. You only live once. Get what you want and be happy.

[MistaVauros]

Originally Posted by Alpine Missile

I'd go for it if you truly love the car and won't get smoked on your trade. You're probably going to take a $5k hit. Not bad if you can get an '18 comp pack at a 5k discount. Keep in mind that beyond 2018, the DCT will no longer be an option. The Comp package car is considerably better than the base car. You only live once. Get what you want and be happy.

Where did you read that the DCT will no longer be available after 2018?! That's true for the new M5 but no such announcement has been made for M2/M3/M4 models. The only thing that might be discontinued going forward is the manual trans.

[NewM3driver]

Do it

[Alpine Missile]

Originally Posted by VAUROS

Where did you read that the DCT will no longer be available after 2018?! That's true for the new M5 but no such announcement has been made for M2/M3/M4 models. The only thing that might be discontinued going forward is the manual trans.

Sorry. Went back and checked the article. BMW states they're entertaining phasing out the DCT in the next few years...see article below.

http://www.bmwblog.com/2017/04/21/bm...ons-soon-gone/

[Audio Fan]

Originally Posted by toni8284

Hi, I currently had a '16 M3 without Comp. Package.

Fully loaded, 8500 miles. Payoff around $61000.

Based on MMR, the selling price for my '16 M3 should be around $63000. (dont know how accurate is that).

Want to get a '18 M3 with Comp package, fully-loaded.

If I can get a trade in value even out the payoff.

Should I do it?

If you can stomach the financial hit, the ZCP is a much better car. The result is greater than the perceived sum of the parts.

[drkeng]

if you can afford it, do it

you'll have the CP and all the other goodies

remember, you can't take it with you

[Deja_Vu]

Originally Posted by toni8284

Fully loaded, 8500 miles. Payoff around $61000.

As in you still have $61,000 left on the loan? Jesus I'd hate to see the interest on that if that's the case. My personal advice is don't do it unless you're really unhappy with the car. ZCP cosmetics can be retrofitted for less than buying new again. Greater performance can be had with aftermarket tuning (Pure turbos and flash).

[Gibson6594]

This is really a value question. Try to remember that CP is a package, not a model. It is a significant package that changes the dynamics of the car, that said, it is still only a package. If you're going to take a serious financial hit, you have to weigh that.

Look at the CP as if it were another package and ask yourself the same question. Would you trade up to get the Executive Package?

If you can say yes and take that financial hit, then yes. Go for it.

[tastes jigga]

Not sure how different the 2016 is from the 2015, but my 2018 M4 LCI ZCP is dramatically different than a 2015 M4 I test drove. I did not like the 2015 when I drove it but was really impressed when I got to drive a 2017 non-ZCP.