M3 trade-in values

[Sleeper]

Originally Posted by Snappy Phoenix

Just a tip bro, I'd sell it at the best price possible *now* because the prices are only gonna start going lower once the LCI starts hitting the market.

I sold my M4 F83 2017 with 3000 Miles back to the dealership as a trade in the moment I heard about the LCI and glad I did, now I see the market prices for similar cars much lower the more days pass by

Be smart...be like Phoenix......

There's nothing smart about trading in vehicles to the dealership . The bath you took after that 3k mile joy ride was probably absurd.

[Super Spartan]

Originally Posted by Sleeper

There's nothing smart about trading in vehicles to the dealership . The bath you took after that 3k mile joy ride was probably absurd.

don't worry about my bath. I can manage that

I was getting 0 calls for my car for like 3 weeks when I posted it for sale privately until I finally gave up and decided to take the hit. Take a small hit now better than taking a big hit later.

I didn't lose much anyway, they gave me a good price since I was doing a trade in

[Wills2]

My F80 registered Feb 16 with 37k on it is worth around £35k trade RRP was £63k.

They really don't hold money especially over the first 24 months.

[M5Rlz]

Originally Posted by Snappy Phoenix

don't worry about my bath. I can manage that

I was getting 0 calls for my car for like 3 weeks when I posted it for sale privately until I finally gave up and decided to take the hit. Take a small hit now better than taking a big hit later.

I didn't lose much anyway, they gave me a good price since I was doing a trade in

I'm just worried for you if you're that engaged over LOL... I couldn't imagine the screaming the people around you might be subjected to when you see your car going for 60k on manheim after 3k miles and 4 months.

Originally Posted by TylerJohnson97

As a dealer I spend a good bit of time looking at F80 values.

Seems like decent optioned 2015 f80s with 20-30k miles are dropping into the high 40s wholesale and low mileage examples in the low-mid 50s.

This.

Lol my M4 was 14-18 months into 2015 life cycle not sure if 2016s had even come out, and I went to every dealership around trying to dump an 82k sticker 15 with 27k miles lol nothing over 55k, and only hints of 60k if I bought a new car which I had already got another brand.

Carmax came through got me 60k they wholesaled it to some Georgia dealership and that dealership CPOed it [costs them 1200+], and tried to get 74k for it... Then I watched it sit for almost a year and finally vanished off cars dot com when the price was at 61k lol.


I wouldn't advise anyone buy an M3/M4 with 13-30k miles for anything above 40-52k lol, and thats if the options are right lol

[Jockey]

Any new car drops about 30% when you drive it off the lot. That comes with the territory.

If you buy a new car, understand that. It's also why selling or trading in a new car after only a year or two is . The largest depreciation is in the beginning then begins to level off.

[M5Rlz]

Originally Posted by Jockey

Any new car drops about 30% when you drive it off the lot. That comes with the territory.

If you buy a new car and don't understand that, you're an idiot. It's also why selling or trading in a new car after only a year or two is idiotic. The largest depreciation is in the beginning then begins to level off.

Oh really the STi I bought to learn manual on was 36k new and sold it for 34k with 5k miles on it. My ford raptor 56k MSRP and sold for 52k... Should we do my GTR next?

Or how about my F10 M5 that with 3800 miles was only seeing values in the 80s and thankfully got 79k with 19k miles on it for the F80 [shoulda bought the i8 I had on order, so I could have sold it when the hype was high but hindsights 50/50].

This generation of BMWs with its lease for all incentives, MSDs, etc. has gutted the value of good reliable cars. Anyone who doesn't want to admit that is hiding behind purchase justification


Almost forgot my LOL for Snappy Phoenix

[Super Spartan]

Originally Posted by 335iRlz

I'm just worried for you if you're that engaged over LOL... I couldn't imagine the screaming the people around you might be subjected to when you see your car going for 60k on manheim after 3k miles and 4 months.

NP bro, just messin' with j00

BTW, I did order it with the competition package, that was the main reaosn behind my upgrade in addition to the cool lights of the LCI and the 20inch rims. I ordered the 666M Black ones.

[M5Rlz]

Originally Posted by Snappy Phoenix

NP bro, just messin' with j00

BTW, I did order it with the competition package, that was the main reaosn behind my upgrade in addition to the cool lights of the LCI and the 20inch rims. I ordered the 666M Black ones.

Good. The exhaust I'm told corrects a lot of the issues like my 2015 had. I've yet to hear it though... I'm honestly not hating.

I just try to help someone wondering on in here understand that BMW has screwed lots of the people that want to buy these cars long term and not get destroyed. Z06 is going through the same thing these guys paying 104+ markup on 3LZ cars after 1 and 1/2 years and 5-13k miles selling for mid to high 60s.

The good news is for people who want a reliable car and pick these things up. I'd buy a 1 owner M5 or M4 with 50-70k miles after what I experienced with them personally. Nothing like having to plan for rod bearings like my V8 E92, or the cluster F* I went through with the E60 M5 that people just put up with for the sound of the V10.

[Super Spartan]

Originally Posted by 335iRlz

Good. The exhaust I'm told corrects a lot of the issues like my 2015 had. I've yet to hear it though... I'm honestly not hating.

I just try to help someone wondering on in here understand that BMW has screwed lots of the people that want to buy these cars long term and not get destroyed. Z06 is going through the same thing these guys paying 104+ markup on 3LZ cars after 1 and 1/2 years and 5-13k miles selling for mid to high 60s.

The good news is for people who want a reliable car and pick these things up. I'd buy a 1 owner M5 or M4 with 50-70k miles after what I experienced with them personally. Nothing like having to plan for rod bearings like my V8 E92, or the cluster F* I went through with the E60 M5 that people just put up with for the sound of the V10.

I hear you man, I hated the stock exhaust note on my 2017 M4, and I didn't wanna shell out all that cash for the MPE since we've seen a myriad of issues of the muffler can splitting, not interested in having to visit the dealership every now and then to fix it. so yes as you said, the ZCP Sports Exhaust does fix the sound, maybe not as loud as we'd want it to be like the MPE but it's a bit better and doesn't have issues of anything splitting.

All the best to you

[omaralt]

Originally Posted by Snappy Phoenix

don't worry about my bath. I can manage that

I was getting 0 calls for my car for like 3 weeks when I posted it for sale privately until I finally gave up and decided to take the hit. Take a small hit now better than taking a big hit later.

I didn't lose much anyway, they gave me a good price since I was doing a trade in

you got 0 calls because it is very difficult to sell an expensive car privately. most people finance or lease. Or, if they have the cash they want a brand car experience.

[bradleyjb]

Originally Posted by omaralt

you got 0 calls because it is very difficult to sell an expensive car privately. most people finance or lease. Or, if they have the cash they want a brand car experience.

Private party used cars can be financed ...

[M5Rlz]

Originally Posted by omaralt

you got 0 calls because it is very difficult to sell an expensive car privately. most people finance or lease. Or, if they have the cash they want a brand car experience.

Tell me about it. A 1500hp GTR and the only people asking wanted to know if it had Flame maps and dyno sheets. Didn't give a rats ass about baller parts or 1/4 trap speeds to indicate how well it ran.


Different clientele when selling a used 60k+ car and now sadly a different consumer all together in the case of the GTR world. Sad because it was such a great group of guys back in the day.

Originally Posted by bradleyjb

Private party used cars can be financed ...

Yeah the guy who got my car had a loan on it.

[Super Spartan]

Originally Posted by bradleyjb

Private party used cars can be financed ...

very true, I sold my 2013 privately to a guy a few years back, he didn't have the cash so he financed it, once I received the LPO from the bank, I registered it in his name

[Super Spartan]

oh and yes, I probably didn't get any calls because it's not a cheap car by any means, and the people who CAN afford to pay the price which I've posted it for, would rather just shell a few more grand and buy it brand new from the dealership.

[gatorfast]

Originally Posted by Snappy Phoenix

Just a tip bro, I'd sell it at the best price possible *now* because the prices are only gonna start going lower once the LCI starts hitting the market.

I sold my M4 F83 2017 with 3000 Miles back to the dealership as a trade in the moment I heard about the LCI and glad I did, now I see the market prices for similar cars much lower the more days pass by

Be smart...be like Phoenix......

Selling a virtually brand new car with low miles back to a dealer is smart?

[Jockey]

Originally Posted by 335iRlz

Oh really the STi I bought to learn manual on was 36k new and sold it for 34k with 5k miles on it. My ford raptor 56k MSRP and sold for 52k... Should we do my GTR next?

Or how about my F10 M5 that with 3800 miles was only seeing values in the 80s and thankfully got 79k with 19k miles on it for the F80 [shoulda bought the i8 I had on order, so I could have sold it when the hype was high but hindsights 50/50].

This generation of BMWs with its lease for all incentives, MSDs, etc. has gutted the value of good reliable cars. Anyone who doesn't want to admit that is hiding behind purchase justification


Almost forgot my LOL for Snappy Phoenix

Congrats, you found some suckers to buy a used car at near new prices.

A STi and an F-150 are hardly special vehicles but I will give you trucks do pretty well at resale.

A GTR is fairly special.

And for the record, were your anecdotes trade-ins to dealers or private sales?

[M5Rlz]

Originally Posted by Jockey

Congrats, you found some suckers to buy a used car at near new prices.

A STi and an F-150 are hardly special vehicles but I will give you trucks do pretty well at resale.

I mean... More special to buyers. Your SS F80 is booking for almost what that STi goes for, if you've got a 15 or 16 and 12-30k miles congratulations you have a 45-52k car. And dropping FAST as the CS and Comp package non-CS cars overtake the older ones.

Originally Posted by Jockey

A GTR is fairly special.

Second best car I've owned to this R8, and amazing to have mid 8 second power on a daily driver and be reliable for the 25k miles I put on it.

Originally Posted by Jockey

And for the record, were your anecdotes trade-ins to dealers or private sales?

STi was traded in on a Lexus, got tired of Manual in the 2nd worst traffic congestion in the area, and didn't want to daily the GTR.

F-150 Raptor was sold privately

[Jockey]

Originally Posted by 335iRlz

I mean... More special to buyers. Your SS F80 is booking for almost what that STi goes for, if you've got a 15 or 16 and 12-30k miles congratulations you have a 45-52k car. And dropping FAST as the CS and Comp package non-CS cars overtake the older ones.

Yeah, no. The CS isn't going to depress prices. It's a special edition, limited car that has a $35k premium over a base M4. That's not in the same ballpark. The CS will definitely hold it's value pretty well.

I'm also not worried about the resale of my car. I hold onto my cars for 6-7 years. It's a depreciating asset. It's no different than any other M. It's a mass produced car.

[omaralt]

Originally Posted by bradleyjb

Private party used cars can be financed ...

you're right. but it's a more involved process. i can walk into a dealer today and walk out within a hour or two with a financed car. to do this with a privately, the buyer has to set all this up beforehand. people feel safer when buying from a dealership. i tend to get rid of my cars after a year or two. i've quickly learned that trying to sell privately is very difficult.

[M5Rlz]

Originally Posted by Jockey

I'm also not worried about the resale of my car. I hold onto my cars for 6-7 years. It's a depreciating asset. It's no different than any other M. It's a mass produced car.

kudos on being one of the few that realize this.

[Golfster]

Forbes published "11 Cars Owners Can't Wait to Get Rid Of." Both 3 and 4 series are included. The article states 8% of 3 series owners sell their car in the first year. One year old models sell, on average, for 18% less than new. 3.9% of 4 series change hands in the 1st year, and one year old examples average selling for 17.3% less than new. Trades have to be low to support these resell prices.

Edited to include link: http://www3.forbes.com/business/11-c...-get-rid-of/6/

[jmg]

Originally Posted by Golfster

Forbes published "11 Cars Owners Can't Wait to Get Rid Of." Both 3 and 4 series are included. The article states 8% of 3 series owners sell their car in the first year. One year old models sell, on average, for 18% less than new. 3.9% of 4 series change hands in the 1st year, and one year old examples average selling for 17.3% less than new. Trades have to be low to support these resell prices.

Edited to include link: http://www3.forbes.com/business/11-c...-get-rid-of/6/

I posted this in the F30 forums too. At least some of that could be due to loaner cars being sold as CPO cars.