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BMW M5 F90 (2018+) General Forums F90 M5 Pricing, Ordering, Tracking, and European Delivery    Resale values- fell out of bed??

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      01-29-2020, 03:34 PM   #23
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Quote:
Originally Posted by bungle321 View Post
I expect mine to be worth less than a third of its retail cost at 4 years old, by which time it’ll be out of warranty (extended) so I’ll be handing the keys back. In the meantime, I’m going to enjoy it. I can’t imagine owning a car as complicated as this outside a warranty but it might work for some.
I should think a lot of owners go for the extended warranty. I agree that owning it without a warranty is a big old gamble.
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      01-29-2020, 07:02 PM   #24
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I’d insure the car from Geico which includes mechanical break down. Insurance or as we call it an extended warranty for 7 years/100,000 miles. Very inexpensive. After 4 years the depreciation levels off. At that point I would unload the car if it’s problematic or keep it until it does become problematic. But I agree 100% with the depreciation issue. As phenomenal as this car is and it truly is, they depreciate unbelievably! Just enjoy it while you have it and try not to think about it. If you go with BMW’s warranty on this car, I was told it’s $15k for three more years.
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      01-29-2020, 08:20 PM   #25
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When I bought mine I purchased the extended for 3 more years for $7k
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      02-03-2020, 12:13 PM   #26
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LEASE LEASE LEASE. End of conversation.
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      02-03-2020, 08:40 PM   #27
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Agreed. Already at my residual 18months in on my '18NC. https://www.cars.com/for-sale/search...97618&zc=21029
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      02-06-2020, 11:36 AM   #28
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Quote:
Originally Posted by wassy View Post
$80’s? Try again. Trade in or wholesale is low 70’s, maybe mid 70’s if lucky.
Lower. High $60's. Retail (i.e., actual sale) used from BMW dealer is probably high $70's low $80's. Need to pad room for holding for a while given they're still in rapid depreciation mode.

But this is all normal. The same type of rapid depreciation happened to the F10.

FWIW's, my buy out on my wife's 320 is something like $32k, and trade in value is $18k. This is ~10 months out of lease end, original lease was 36/10. So negative equity of $14k. On a car that is over double the value, I assume that negative equity would be at least double... so probably $30-$40k at this point.
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      09-14-2020, 09:28 PM   #29
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I am looking for a 19 M5, Competition or Base is ok with me. Honestly I will not get one until May of next year and am in the process of selling my 7 series now. Would love to be in the low 70k range without CCB. The biggest question would be should I get CPO only or take a chance on other dealers. I don't want a modded car that may have been thru the ringer.
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      09-15-2020, 09:56 AM   #30
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Reasons why i would only ever lease this.
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      09-15-2020, 09:04 PM   #31
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Originally Posted by Crumbs View Post
Reasons why i would only ever lease this.
I mean, double edged. Sure, you don’t get the depreciation, but you pay $50,000 to rent the car 3 years and have nothing. Seems pretty bad to me too.

With buying, you only care about its value if you want to sell...which you don’t have to if you plan on driving 8 or 10 years. Of course it doesn’t make sense to buy and trade in 4 years, but buying and keeping for 9 years makes a lot more sense.

Leasing is a luxury that gives you new cars every 3 years, but you pay dearly for that luxury.
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      09-16-2020, 03:07 AM   #32
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This is exactly why I lease....
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      09-16-2020, 03:08 AM   #33
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With a lease you can also invest the FIAT you would have otherwise had locked up in the car.
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      09-16-2020, 03:11 AM   #34
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Quote:
Originally Posted by BayMoWe335 View Post
I mean, double edged. Sure, you don’t get the depreciation, but you pay $50,000 to rent the car 3 years and have nothing. Seems pretty bad to me too.

With buying, you only care about its value if you want to sell...which you don’t have to if you plan on driving 8 or 10 years. Of course it doesn’t make sense to buy and trade in 4 years, but buying and keeping for 9 years makes a lot more sense.

Leasing is a luxury that gives you new cars every 3 years, but you pay dearly for that luxury.
Same difference.....you blow $50k in loan payments on 3 years (say, $120k MSRP to $70k value after 3 years) if you buy it. You then basically are even.....you sell the car for what it's worth and you still have nothing to show for the 3 years of payments. Now if it's a Porsche and you don't drive a lot of miles...buying might make more sense.

However, I drive 18k-20k miles per year.....so in 3 years, I have an out of warranty car that probably will be worth $60k when I turn it in (down from $115k MSRP). Leasing would lose me way less money.....and depending on your state's tax....a buyer of a new car loses even more. If I pay 6% sales tax on a new car purchase, that's another $7k I lose right away on paying sales tax.
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      09-16-2020, 09:09 AM   #35
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Quote:
Originally Posted by mjr24 View Post
Same difference.....you blow $50k in loan payments on 3 years (say, $120k MSRP to $70k value after 3 years) if you buy it. You then basically are even.....you sell the car for what it's worth and you still have nothing to show for the 3 years of payments. Now if it's a Porsche and you don't drive a lot of miles...buying might make more sense.

However, I drive 18k-20k miles per year.....so in 3 years, I have an out of warranty car that probably will be worth $60k when I turn it in (down from $115k MSRP). Leasing would lose me way less money.....and depending on your state's tax....a buyer of a new car loses even more. If I pay 6% sales tax on a new car purchase, that's another $7k I lose right away on paying sales tax.
That’s where people mess up though. I specifically said you can’t sell a financed car in the first 3 years. The depreciation slows down. With the lease, you absolutely will spend $50k every 3 years. With financing, it’s only the same in the first 3 years.

In 6 years on a lease, you’ll have spent $100k. If you finance, the car is paid for in 6 years and still worth let’s say $30-40k. If you sell then, you’ll be ahead. The car will still have value in 9 years too, magnifying the impact.
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      09-16-2020, 09:10 PM   #36
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Quote:
Originally Posted by gpdriver17 View Post
I noticed the same thing the other day. 18s are cheap! The E63s seem to be holding value much better. Its hard to find one of those for under 90k. Almost all of the M5s, even with 3k miles, are low 80s. I'm just glad I leased...
Leasing is still a privilege you pay dearly for. The guy that buys the M5 for $110K and keeps it for 9 years is still way ahead of the lease guy who leased 3 times.

Depreciation only matters if you buy it and sell in 3 years. That’s stupid.
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      09-25-2020, 06:40 PM   #37
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I haven’t seen anyone mention the fact that outside of 3-4 years, you’re now either spending extra money on an extended warranty or shelling out cash to maintain a high-mileage M5 at that point.
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      09-26-2020, 12:07 AM   #38
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Yesterday (1/27/20) I stopped by Car Max to see what they would offer me for my 2018 M5 with 5,906 miles. I purchased the M5 new in August of 2018 and it is my weekend / days off from work vehicle. It had an MSRP of $124,335. They offered me $75,000. So after 1.5 years of ownership the vehicle has depreciated $49,335 (around 40 % of MSRP) pre-tax and fees. I did a purchase and I received a $14,000 discount with incentives / rebates (BMW & BMW CCA) at the time of purchase.

I am contemplating transitioning to a 2020 Porsche 911 S but I may just keep the F90. It has to be one of the worst vehicles I have owned for holding its value. My 2008 Tacoma double cab off-road 4X4 with 83,000 miles that I purchased new in 2008 for $26,600 (MSRP around $32,000) is holding its value well. While looking at SUV's for the wife at a local Toyota dealership they offered me $17,000 for my 11 year old truck at the time (Aug of 2019).
Not trying to be an ass, but I bought my 2020 911 C2S 9 Months ago. Granted I got a deal on it I hadn't seen due to great relationship with dealer.

Am trading it soon offered exactly what I paid 9 months ago and great deal no one else has on new car. So not inflating trade and selling high on new car

My opinion is they make way too many M cars now, discount them so drastically and they are no longer as desirable as they used to be. Case in point new M8's all at 22-25% discounts. It's craziness
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      09-26-2020, 09:23 AM   #39
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Not trying to be an ass, but I bought my 2020 911 C2S 9 Months ago. Granted I got a deal on it I hadn't seen due to great relationship with dealer.

Am trading it soon offered exactly what I paid 9 months ago and great deal no one else has on new car. So not inflating trade and selling high on new car

My opinion is they make way too many M cars now, discount them so drastically and they are no longer as desirable as they used to be. Case in point new M8's all at 22-25% discounts. It's craziness
Where are they offering 22-25% off? I am in the market for M5. I know you are talking about M8, but maybe they will offer 20% off M5.
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      09-26-2020, 09:31 AM   #40
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Quote:
Originally Posted by LSM View Post
Not trying to be an ass, but I bought my 2020 911 C2S 9 Months ago. Granted I got a deal on it I hadn't seen due to great relationship with dealer.

Am trading it soon offered exactly what I paid 9 months ago and great deal no one else has on new car. So not inflating trade and selling high on new car

My opinion is they make way too many M cars now, discount them so drastically and they are no longer as desirable as they used to be. Case in point new M8's all at 22-25% discounts. It's craziness
Where are they offering 22-25% off? I am in the market for M5. I know you are talking about M8, but maybe they will offer 20% off M5.
Talk to Dan at nextlevelautobrokers. He's a board sponsor
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      09-27-2020, 11:15 PM   #41
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Can the Auto broker work in Cali?
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      09-28-2020, 12:04 AM   #42
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Talk to Dan at nextlevelautobrokers. He's a board sponsor
The M8 seems to be essentially an M5 with a different body, so I’d say the MSRP is utterly inflated, perhaps 20%.

Let’s just say you aren’t getting an M5 for 20% off...At least I’m not. I’ve asked.
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      09-28-2020, 09:37 AM   #43
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Quote:
Originally Posted by LSM View Post
Talk to Dan at nextlevelautobrokers. He's a board sponsor
The M8 seems to be essentially an M5 with a different body, so I’d say the MSRP is utterly inflated, perhaps 20%.

Let’s just say you aren’t getting an M5 for 20% off...At least I’m not. I’ve asked.
10% plus incentives M5 - LCI
22-25% off M8

Depends on when you purchase. I got 19k which is 17% off my ordered 2019 M5 when I purchased. This was back in sept 2018
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      09-28-2020, 02:20 PM   #44
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10% plus incentives M5 - LCI
22-25% off M8

Depends on when you purchase. I got 19k which is 17% off my ordered 2019 M5 when I purchased. This was back in sept 2018
Yeah, perhaps now not the right time. Yes, I was referring to LCI.
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