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      11-26-2017, 10:34 PM   #23
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Originally Posted by Arcades View Post
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.
Thanks for the heads up! I'm not too concerned with resale, I just want to avoid a huge hit, like buying a new M5 and losing 50k or more in a few years. I was asking to see if there was anything on the horizon that would be a red flag one way or another...
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      11-26-2017, 10:37 PM   #24
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Originally Posted by Indiana Jones View Post
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
idk if its the angle, but those back seats look fooked up
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      11-26-2017, 11:33 PM   #25
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Originally Posted by RobbyMack View Post
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.
Third one has a moonroof, though. I don't think they put those on performance center M3s, but I have no concrete source for that. That being said, shouldn't the moonroof double the value?
At least double I think, you know, for the rarity.
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      11-28-2017, 03:59 PM   #26
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Cars selling at this price makes me feel a lot better about the trade in I got on my MY15 (46K, but needed new tires (6MT, MG, 18in wheels, 30,000 miles)).

I still think these are anomalies though and the market is much closer to 50K in most markets.
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      11-28-2017, 05:35 PM   #27
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Quote:
Originally Posted by Indiana Jones View Post
Thanks for the heads up! I'm not too concerned with resale, I just want to avoid a huge hit, like buying a new M5 and losing 50k or more in a few years. I was asking to see if there was anything on the horizon that would be a red flag one way or another...
The "huge hit" typically occurs the first two years. If you are looking at used M3/4's currently off lease they will tend to have already been hit with the largest depreciation.

Now would be a perfect time to buy one, end of the month and year deals coming up. M3 is also nearing the end of its production cycle so it only gets better in terms of lower price.

Leasing is a good option if wanting a new car and not having to worry about losing 50% of your value in a few years. Otherwise, keep a lookout for nice used one off lease.
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      11-28-2017, 09:50 PM   #28
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Originally Posted by Indiana Jones View Post
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.
I doubt you will find a worthwhile F80 for $45k. More like $50k. Lets assume so and assume you can sell for $35k in 3 years. You will be paying $1389/mo for 36 months before tax and interest. You can recoup $15k when you sell. That's about $416/mo recoup. You're paying $973/month for a 2-3 year old used F80 of questionable condition which is fully or partially out of warranty.

OR... you could lease a well equipped, brand new, fully covered F80 for that much and have ZERO risk of losing you a$$ on the backend trying to resell a 6 year old high mileage F80 when the new ones will already be out.

Do you really want to be out $1389 a month? This is BEFORE tax and BEFORE interest, mind you. The path is clear to me. Believe me, you don't get extra points for "owning" your car. You just get a bigger bill.
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      11-28-2017, 10:04 PM   #29
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Originally Posted by jmg View Post
I doubt you will find a worthwhile F80 for $45k. More like $50k. Lets assume so and assume you can sell for $35k in 3 years. You will be paying $1389/mo for 36 months before tax and interest. You can recoup $15k when you sell. That's about $416/mo recoup. You're paying $973/month for a 2-3 year old used F80 of questionable condition which is fully or partially out of warranty.

OR... you could lease a well equipped, brand new, fully covered F80 for that much and have ZERO risk of losing you a$$ on the backend trying to resell a 6 year old high mileage F80 when the new ones will already be out.

Do you really want to be out $1389 a month? This is BEFORE tax and BEFORE interest, mind you. The path is clear to me. Believe me, you don't get extra points for "owning" your car. You just get a bigger bill.
If the car is paid off in 3 years and he can sell for $35K in 3 years wouldn't he recoup $35K (vs. recouping $15K)?
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      11-28-2017, 10:04 PM   #30
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Its the other way. He would be out $4xx per month if he keeps the car 3years.
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      11-28-2017, 10:17 PM   #31
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If the car is paid off in 3 years and he can sell for $35K in 3 years wouldn't he recoup $35K (vs. recouping $15K)?
yeah... I must be drunk
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      11-28-2017, 10:36 PM   #32
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Scratching my head here too...

Purchase Price 45-50k
Selling Price 30-35k
Loss 10-20k

10k/36mo = 277mo
15k/36mo = 416mo
20/36mo = 555mo

All the above are better than a lease, minus the risk of a loss (being in an accident = depreciation on resale which you avoid from lease) and the maintenance assuming there is some, but CPO can be had around 50k or a tad more...no maintenance.
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      11-28-2017, 10:38 PM   #33
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Quote:
Originally Posted by Indiana Jones View Post
Scratching my head here too...

Purchase Price 45-50k
Selling Price 30-35k
Loss 10-20k

10k/36mo = 277mo
15k/36mo = 416mo
20/36mo = 555mo

All the above are better than a lease, minus the risk of a loss (being in an accident = depreciation on resale which you avoid from lease) and the maintenance assuming there is some, but CPO can be had around 50k or a tad more...no maintenance.

Yeah you are right. My mistake.
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      11-28-2017, 10:39 PM   #34
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I tend to think a 45k purchase price with around 30k miles (give or take) low option car, will comfortably be worth 30-35k in 3 years. For the record, the car will be driven 5000-7500 miles a year max.
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      11-28-2017, 11:50 PM   #35
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Yeah you are right. My mistake.
No worries, For what it's worth, I've been operating at about 3% mental capacity since thanksgiving weekend. My brain fog is real...Im about done producing anything of substance this year.

Onto to better things, I drove an M3 yesterday. 2016 Stripper, 6spd, asking 55k would take 52k without talking about prices much, so probably 50-51k. Car was beat up and was manual, so I walked. Shifter and steering wheel leather were worn, and there was a nice gash on the hood. Wasn't even worthy of an offer.

First impressions were that the car drove great. Moved plenty fast, lacked that M5 torque, but had more than enough power for spirited drives. Car was stiff but not too stiff in comparison to the M5 Comp. Seats weren't nearly as comfortable, and really weren't too comfortable in general. All in all, great car. I am not 100% sold on the car, but will take a look at a DCT option and reevaluate. Ton of car for the money, and the manual gearbox was very nice, but not for my wife or this Miami traffic!
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      11-29-2017, 01:19 AM   #36
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43k for m3 with 30k miles? Sounds unrealistically good deal. If true, take it.
I assume this is zero option 2015 build and some spotty history...,,
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      11-29-2017, 09:28 PM   #37
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I've been scouring for the past few weeks because I'm on the fence between used and new (I'm 95% leaning new lease), and yeah there aren't many clean examples for that price, and as mentioned above-thread, a good number of them are in Dallas and Southern Florida regions (potential flood damage). $50k seems to be the price of entry. Good examples for less are out there, but definitely hard to find (or have a ton of miles).
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      11-29-2017, 10:55 PM   #38
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Quote:
Originally Posted by Indiana Jones View Post
Quote:
Originally Posted by jmg View Post
Yeah you are right. My mistake.
No worries, For what it's worth, I've been operating at about 3% mental capacity since thanksgiving weekend. My brain fog is real...Im about done producing anything of substance this year.

Onto to better things, I drove an M3 yesterday. 2016 Stripper, 6spd, asking 55k would take 52k without talking about prices much, so probably 50-51k. Car was beat up and was manual, so I walked. Shifter and steering wheel leather were worn, and there was a nice gash on the hood. Wasn't even worthy of an offer.

First impressions were that the car drove great. Moved plenty fast, lacked that M5 torque, but had more than enough power for spirited drives. Car was stiff but not too stiff in comparison to the M5 Comp. Seats weren't nearly as comfortable, and really weren't too comfortable in general. All in all, great car. I am not 100% sold on the car, but will take a look at a DCT option and reevaluate. Ton of car for the money, and the manual gearbox was very nice, but not for my wife or this Miami traffic!
M5 seats are nice. M3 seats are, well, a bit harsh. In fact there seems to be more rear leg room in a f80 than an M5 since the front seats in the M5 are so thick (personal opinion, ymmv). Was it zcp? The lack of lumbar adjustment is a no go for me on the zcp seats. Honestly if after a drive you couldn't get comfortable you may want to look for something else the f83 seats are a bit more comfortable IIRC.
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      11-29-2017, 10:56 PM   #39
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Originally Posted by georgere View Post
43k for m3 with 30k miles? Sounds unrealistically good deal. If true, take it.
I assume this is zero option 2015 build and some spotty history...,,
Have not seen anything at 43k, plenty at 45-47k which I think can be had for 45k...
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      11-29-2017, 11:34 PM   #40
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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.)
I was on the same boat as you, good friend of mine had an M5 for sale, I wanted a 997 TT, ended up with an M3..
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      11-30-2017, 11:00 AM   #41
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I was on the same boat as you, good friend of mine had an M5 for sale, I wanted a 997 TT, ended up with an M3..
It makes the most sense for me at this point...although I haven't ruled the M5 out yet. They are all great cars. Not looking forward to dealing with the dealers. Heading to Germany Dec. and I'm going to the Porsche factory, possibly Ruf...not going to be an easy decision when I return!
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      12-01-2017, 04:44 PM   #42
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I'm wondering what will happen to the used market at the end of next year...I will be pulling the trigger on a low mile(less than 15k) M4 sometime in September. Hoping prices come down to $47-50ish...they are all around $55k for less than 2 year old and under 15k miles..
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      12-02-2017, 12:41 AM   #43
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My guess is that they will do a tad better than the E90/2 did...I think they will gradually drop 5k or so a year from here on out and then sit around the 40k mark for a little while.
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      12-02-2017, 09:53 AM   #44
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M5 is a slab sided bloated pig
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