02-04-2019, 12:20 PM | #1 |
Private First Class
169
Rep 136
Posts |
Depreciation on the M5
Featured on BIMMERPOST.com Seems to be a big thing in the UK with no end of people waiting to see if big discounts come over next year or so, my thoughts are life's to short to have that way of thinking I achieved over £20K discount on my incoming and am more than happy with the deal, will obviously take a hit further down the line but at least will be in it and enjoying the beast |
02-04-2019, 02:30 PM | #2 |
Major General
4086
Rep 5,237
Posts |
I lease and forget about it ....
__________________
CURRENT: 22' INDIVIDUAL M5| CHALK | TARTUFO | CCB | MPE | H&R | IND
GONE: 19' M5C| SINGAPORE GREY| ARAGON|VELOS VLS-06|H&R|iPE|IND|XPEL|CF|RADENSO GONE: 15' F10 M5|BSM|BLACK|VELOS VSS-S2|KW|AKRA|IND|CF |ESCORT 360|VELOS PIGGY GONE: 13' F10 M5|SG|BLACK|AKRA|KW|IND LONG GONE: 09' E60 M5|02' E39 M5 |
Appreciate
0
|
02-04-2019, 04:14 PM | #3 |
Lieutenant Colonel
1725
Rep 1,921
Posts
Drives: 2023 M5C
Join Date: Apr 2013
Location: Houston
|
If you lease, that's basically all you're paying for. Eliminates the unknowns.
|
Appreciate
0
|
02-04-2019, 04:24 PM | #4 |
Colonel
1691
Rep 2,699
Posts
Drives: 23 X5MC
Join Date: Sep 2018
Location: San Rafael CA
|
Nature of the beast
|
Appreciate
0
|
02-06-2019, 08:52 AM | #6 | |
Private First Class
271
Rep 187
Posts |
Quote:
Let's say it's worth 70,000.00 with 20 to 30k miles. My cost of ownership is 45k )115k- 70k) over the 3 years. Even if I am off by 10k paying cash is still cheaper and I am not stuck in the car for 3 years.
__________________
2019 M5 Comp, 2017 AMG GTC Edition 50 Coupe, 2016 Porsche GT2 RS,
2018 Ferrari California T, ,2017 Corvette Z06 C7.R, 2016 Aston Martin V12 Vantage Manual, 2019 Ferrari 488 Pista |
|
Appreciate
1
Simon H876.00 |
02-06-2019, 09:01 AM | #7 | |
Major
876
Rep 1,319
Posts |
Quote:
|
|
Appreciate
0
|
02-06-2019, 09:14 AM | #8 |
New Member
5
Rep 29
Posts
Drives: 535i M sport / S1000RR
Join Date: Nov 2013
Location: MO
|
I tried to wheel and deal for months via a lease. Then a 2018 used one popped up locally with 2k miles on it. Purchased for $21k under sticker and really hope it was a good purchase....financially
|
Appreciate
0
|
02-06-2019, 09:21 AM | #9 |
First Lieutenant
186
Rep 301
Posts |
Depreciation is inevitable, as others have said life is too short - buy it and then enjoy it is my view... You'll get a reasonable amount back when you come to sell/trade in but it's all relative. What I try to do is haggle hard on the initial purchase and then the lessens the immediate depreciation hit.
|
02-06-2019, 09:49 AM | #10 |
Lieutenant
194
Rep 459
Posts |
The other option is buying a used car around the same price as the new F90 m5 that has already depreciated.....example a Rolls Royce ghost or G63 amg?
BMW's lose way too much value but again....there is no better 4 door sedan!
__________________
2019 F90 M5 Comp-Marina Bay Blue-B&W,HRE 21" FF04,BMC,CarbonPro wing,H&R,ZW5
2017 BMW 330i - Estoril Blue - M Sport Package 2013 Lamborghini Aventador-Pearl Green-Modified 2004 Lamborghini Gallardo-Manual 6spd -Giallo Midas Pearl Yellow-Modified 2018 Range Rover Velar S-White Last edited by Steeve19M5CP; 02-06-2019 at 09:55 AM.. |
Appreciate
0
|
02-06-2019, 10:28 AM | #11 |
Private First Class
271
Rep 187
Posts |
I totally agree, I paid 120k for my 2014 Flying Spur V12 last year it had an MSRP of 270k and it had 5500 miles on it
__________________
2019 M5 Comp, 2017 AMG GTC Edition 50 Coupe, 2016 Porsche GT2 RS,
2018 Ferrari California T, ,2017 Corvette Z06 C7.R, 2016 Aston Martin V12 Vantage Manual, 2019 Ferrari 488 Pista |
Appreciate
0
|
02-06-2019, 12:14 PM | #12 |
Private First Class
169
Rep 136
Posts |
Totally agree on the cash buy scenarios, have had exactly the same debate on another forum, most people can't get there head around buying cash, majority prefer PCP, can't weigh up why as the depreciation is still the same but you just pay it monthly with interest on top, at least with a cash purchase you are not tied into some financial giants figures if you want to sell before end of term, pay no interest and have a lump sum to come back as and if you want to sell
Not against renting the car btw just not sure why you would if you have the upfront cash and it isn't needed for anything else Not going to achieve much sat in UK banks that's for sure |
Appreciate
1
Simon H876.00 |
02-06-2019, 12:16 PM | #13 |
Private First Class
169
Rep 136
Posts |
You kept that quiet Simon, was it me that swayed you ?
|
Appreciate
0
|
02-06-2019, 12:17 PM | #14 | |
Private First Class
169
Rep 136
Posts |
Quote:
|
|
Appreciate
0
|
02-06-2019, 12:32 PM | #15 |
Major General
4086
Rep 5,237
Posts |
No doubt that buying may make sense for some folks and there's a "possibility" that it may cost less to own versus lease in some scenarios.
The picture becomes more muddled when you factor the cost of tying up capital, tax benefits of leasing and the "what if" scenarios that can diminish value on a car you own (accident, major repairs etc.). There's no right answer here since every owner really evaluates what works best for him or her. I choose to lease because when I factor in some of the points mentioned above, the true price of ownership is substantially less than buying and it removes the "what ifs" from the equation. With that said, do whatever the f*ck makes you happy LOL.
__________________
CURRENT: 22' INDIVIDUAL M5| CHALK | TARTUFO | CCB | MPE | H&R | IND
GONE: 19' M5C| SINGAPORE GREY| ARAGON|VELOS VLS-06|H&R|iPE|IND|XPEL|CF|RADENSO GONE: 15' F10 M5|BSM|BLACK|VELOS VSS-S2|KW|AKRA|IND|CF |ESCORT 360|VELOS PIGGY GONE: 13' F10 M5|SG|BLACK|AKRA|KW|IND LONG GONE: 09' E60 M5|02' E39 M5 |
Appreciate
0
|
02-06-2019, 12:39 PM | #16 |
Major
876
Rep 1,319
Posts |
|
Appreciate
0
|
02-06-2019, 01:23 PM | #17 | |
Lieutenant
168
Rep 454
Posts |
Quote:
That being said I chose to buy the car simply because I like owning my car and not worry about the dealership. Not for financial reason per se. |
|
Appreciate
0
|
02-06-2019, 01:35 PM | #18 | ||
Major General
4086
Rep 5,237
Posts |
Quote:
__________________
CURRENT: 22' INDIVIDUAL M5| CHALK | TARTUFO | CCB | MPE | H&R | IND
GONE: 19' M5C| SINGAPORE GREY| ARAGON|VELOS VLS-06|H&R|iPE|IND|XPEL|CF|RADENSO GONE: 15' F10 M5|BSM|BLACK|VELOS VSS-S2|KW|AKRA|IND|CF |ESCORT 360|VELOS PIGGY GONE: 13' F10 M5|SG|BLACK|AKRA|KW|IND LONG GONE: 09' E60 M5|02' E39 M5 |
||
Appreciate
1
VCP1390.00 |
02-06-2019, 01:47 PM | #19 | |
Private First Class
169
Rep 136
Posts |
Quote:
|
|
Appreciate
0
|
02-06-2019, 01:50 PM | #20 | ||
Private First Class
271
Rep 187
Posts |
Quote:
If the car is damaged or in an accident you are responsible for the loss of value to the lease company at the end of the lease. The primary reason why people lease a car like this is because it is the only way they can afford it.
__________________
2019 M5 Comp, 2017 AMG GTC Edition 50 Coupe, 2016 Porsche GT2 RS,
2018 Ferrari California T, ,2017 Corvette Z06 C7.R, 2016 Aston Martin V12 Vantage Manual, 2019 Ferrari 488 Pista |
||
Appreciate
0
|
02-06-2019, 01:51 PM | #21 | ||
Private First Class
271
Rep 187
Posts |
Quote:
If the car is damaged or in an accident you are responsible for the loss of value to the lease company at the end of the lease. The primary reason why people lease a car like this is because it is the only way they can afford it.
__________________
2019 M5 Comp, 2017 AMG GTC Edition 50 Coupe, 2016 Porsche GT2 RS,
2018 Ferrari California T, ,2017 Corvette Z06 C7.R, 2016 Aston Martin V12 Vantage Manual, 2019 Ferrari 488 Pista |
||
Appreciate
0
|
02-06-2019, 01:55 PM | #22 |
Lieutenant
168
Rep 454
Posts |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|