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      08-09-2019, 07:19 PM   #1
///matty c
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Need Advice About Purchasing F80 M3

Hey guys! Two weeks ago I sold my E92 M3 and my friend is considering selling me his 2016 F80 M3. He hasn't even listed it yet online so I'm getting first dibs.

Here are the car's details

- 2016 Mineral White
- Sakhir Extended Red Interior
- DCT
- 21k miles
- CF roof, CF mirror covers, CF rear trunk lip
- ALL OPTIONS

The car is INCREDIBLY CLEAN and he's asking $50k for it.

Here's my question. The M3 I just sold was a 2010 DCT Coupe. I bought it 3 years ago for $26.5 with 83k miles and sold it for $20,500 with 107k miles. As with any vehicle purchase, I realize that these assets depreciate.

I love the F80 my friend has but I'm worried that if I purchase it for $50k within a year or two the price of it will tank. I found a site that analyzes car values and I compared this car to the E92 from 2010 and 2009. I looked at the price of the vehicles three years after they were produced and then I compared their average selling price to the average selling price in year 4 & 5. (Link pasted below for reference). The 09s went down by $5k from year 3 to year 4 while the 10s went down only about 3k from year 3 to year 4.

The biggest and ONLY reason why I'm considering this car is because of the low mileage and the color combo. I think this color combo and options demand a premium price therefore I think in resale terms I'll be able to resell it for top dollar of what the market determines.

My MAIN concern though is that once the new models come out, the price will drop. I'll be into this car 53k+ after everything and if I decide to resell it in a year I think I'll only be able to get about $45-$46....if i wait two years it'll be an even bigger drop.

So my questions are:

1. Do you think the price is good?
2. Do you think this vehicle will depreciate significantly over next 1-2 years?
3. Do you think the color combo is one of the most sought after combos?
4. Do you think it's a good buy?
5. Should I wait till the spring or later to purchase?

(a big concern is how difficult it will be to find this exact color combo and options) -- Thoughts?



https://www.cargurus.com/Cars/price-trends/BMW-M3-d390
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      08-09-2019, 07:30 PM   #2
allinon72
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I realize the car has low mileage, but that color combo isn't particularly rare. I would put a fair value more in the 45-46k range.
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      08-09-2019, 07:38 PM   #3
///matty c
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Really? I thought the value was more around $51k-$53k due to combo.

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Originally Posted by allinon72 View Post
I realize the car has low mileage, but that color combo isn't particularly rare. I would put a fair value more in the 45-46k range.
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      08-09-2019, 07:48 PM   #4
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Quote:
Originally Posted by ///matty c View Post
Hey guys! Two weeks ago I sold my E92 M3 and my friend is considering selling me his 2016 F80 M3. He hasn't even listed it yet online so I'm getting first dibs.

Here are the car's details

- 2016 Mineral White
- Sakhir Extended Red Interior
- DCT
- 21k miles
- CF roof, CF mirror covers, CF rear trunk lip
- ALL OPTIONS

The car is INCREDIBLY CLEAN and he's asking $50k for it.

Here's my question. The M3 I just sold was a 2010 DCT Coupe. I bought it 3 years ago for $26.5 with 83k miles and sold it for $20,500 with 107k miles. As with any vehicle purchase, I realize that these assets depreciate.

I love the F80 my friend has but I'm worried that if I purchase it for $50k within a year or two the price of it will tank. I found a site that analyzes car values and I compared this car to the E92 from 2010 and 2009. I looked at the price of the vehicles three years after they were produced and then I compared their average selling price to the average selling price in year 4 & 5. (Link pasted below for reference). The 09s went down by $5k from year 3 to year 4 while the 10s went down only about 3k from year 3 to year 4.

The biggest and ONLY reason why I'm considering this car is because of the low mileage and the color combo. I think this color combo and options demand a premium price therefore I think in resale terms I'll be able to resell it for top dollar of what the market determines.

My MAIN concern though is that once the new models come out, the price will drop. I'll be into this car 53k+ after everything and if I decide to resell it in a year I think I'll only be able to get about $45-$46....if i wait two years it'll be an even bigger drop.

So my questions are:

1. Do you think the price is good?
2. Do you think this vehicle will depreciate significantly over next 1-2 years?
3. Do you think the color combo is one of the most sought after combos?
4. Do you think it's a good buy?
5. Should I wait till the spring or later to purchase?

(a big concern is how difficult it will be to find this exact color combo and options) -- Thoughts?



https://www.cargurus.com/Cars/price-trends/BMW-M3-d390
According to KBB a white car with every single option ticked with 19 inch wheels is valued at 46-50k at "Excellent" condition. This includes "Full Leather" option. I'm in California so there are lots of M3s and M4s running around. Multiple BMW dealerships as well.
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      08-09-2019, 07:56 PM   #5
eyeamgrewt
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Seems a bit high, I second the ~$45k comment.
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      08-09-2019, 08:01 PM   #6
jpy1980
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One thing you may be forgetting is that you personally know the previous owner here. Thereís some peace of mind for that as well. If you want a deal, go buy a cheaper one, but Iíd pay more if I knew the history from the previous owner directly.

Also yes the prices will drop.

Iím in real estate and I always tell this to my clients: donít try and time the market, buy/sell when you are ready. Thereís an opportunity cost to you waiting and possibly even timing the market incorrectly.

Yet with cars, I act a bit more passionately. If I like it and I want it, I get it. A couple of thousand bucks isnít going to ruin the fun Iíll have when I turn DSC off, shift into first, bring the Revs up and drop the clutch.

Have you driven the car yet? If not, drive it and youíll fall in love with the torque. Offer him $49,000 and a hug. Done.
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      08-09-2019, 08:17 PM   #7
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That's a 45k car, all day long.

50k usd / 66k CAD for a 16 loaded with 30,000Km

I used to run numbers/ wholesale auction, etc for a living.

Not happening.

How good is this friend ? Lol
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      08-09-2019, 08:24 PM   #8
fknlo
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For the people saying $45k, when I bought mine a couple months ago, the $45k I got on my 2015 with 31k miles was a pretty decent price. I'm sure prices have continued to drop, but there weren't many, if any M3's with under 50k miles for less than like $43k.
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      08-09-2019, 10:08 PM   #9
///matty c
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Quote:
Originally Posted by maul3d View Post
That's a 45k car, all day long.

50k usd / 66k CAD for a 16 loaded with 30,000Km

I used to run numbers/ wholesale auction, etc for a living.

Not happening.

How good is this friend ? Lol
Not that close of a friend ha
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      08-09-2019, 10:10 PM   #10
///matty c
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I'm surprised by everyone saying $45k. I've looked at multiple vehicle sites and haven't been able to find a car with that combo for that price. May have just overlooked them but I thought the price of this one was competitive.
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      08-09-2019, 10:48 PM   #11
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Matty, where you want to be is the 45k mark. IMHO. Especially if you want to be in that " sweet spot "

Lots of overpriced m3/m4s out there. Some people are willing to pay, and some of them sit idle and don't sell.

Guess it's all up to you in the long run.

Btw, where's the shit talk about the f platform.. coming from an e92 mighty v8..!! Joking. Joking.
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      08-10-2019, 12:29 AM   #12
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$50K is a fair price for that car. Wholesale pricing is higher than $45K, so if you want a F80 go for it. You can see these cars vary in price, but if you want quality, they are more expensive. Online, they may look good, but different story in person.

Good luck.
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      08-10-2019, 12:37 AM   #13
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50K? Fuck no! You'll lose 5K trying to sell it the next day. White on red and white on black are the two most common color combos lol.
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      08-16-2019, 07:42 PM   #14
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MMR is $48k in 4.0 condition with 21,500 miles in the southwest region. See attached. Your friendís price is fair. Any DEALER would pay $45k too if they could since they all seem to pay over $46k for clean low mileage examples. Enough of that though...

Why are you so concerned with depreciation? Donít buy it if youíre not going to keep it over 2 years. Way more F8x sold than E9x sold. Low mileage clean E9x are hard to find. F8x the same way are EASY to find. F8x will depreciate more period. Do I feel an F8x is worth the used money? Hell yes! I love mine and the one I had before. I might be in the minority, but I only like the E9x sound more... I like F8x more in EVERY other way. Theyíre great cars. Where as I donít believe F8x will tank in value as time passes, I do believe E9x values will be stronger as a percentage of new price vs resale price but, not on an absolute dollar basis against F8x.
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