M-Series (M1, M3, M5, M6)General M-Series Discussion - If it does not fit into a more specific M Category above, please place it in here. In addition, previously archived M-Series discussion is located in this section.
Is it just me, or do the prices on M's seem to be getting on the outragous side? While I realize all prices have went up, I saw a new M3 coupe today in USD it was over 58K. An 02 used coupe for 45K. Heck, the car didn't cost much more than that new.
I mean come on, it wasn't that long ago a convertible didn't cost that much. I just wonder, will it ever level out for a few years, or are we looking at a 7-8% gain or more in price every year? At this rate, I may never have the M.
it all depends on what market you are in as well as mileage and length of warranty left. of course you can find some at auctions and on ebay for much cheaper
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The prices haven't really changed, it's still around $45k for a base model coupe. However, my M3 coupe costs around $58,000. Why? Premium Package, SMG, HK Sound, Metallic Black, Xenon Lights, etc. The options add up quickly, and you were probobly looking at a fully loaded M3 similar to mine.
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Yeah, options do add up fast! Well, I don't mind buying used myself. 2 years old with low miles is just fine by me. After all, I grew up with a Dad in the car business. Used cars were a way of life, and a pretty good one too.
Since I just got my 02 330ci, I'm not in the market yet. Someday though, maybe I'll get that M. Daughter in school now so I have to watch the budget. Also have spent way to much on my home theater this year. 20K in upgrades, ouch.
Actually a price of a good sport 330 really isn't that far from an M3. And if I had been "sensible" an auto 330 really makes good sense. Having said that the M series does seem to hold its value better than most sports cars. Therefor if you are not going to be a "long" term owner, the depreciation is less, money factor more which brings the "adjusted" cost of travel down lower than one would realize.
If you are looking strictly at MSRP then the climb up the mountain becomes a bit harder to justify....
bits/bytes. your right, your not that far off. But sometimes, an extra 7-8K can mean payments out of the realm of one's comfort zone.
I paid a little more than I should have for my car, due to a stupid thing I did. The story was in E46 prior to the lost posts/members. Anyway, I first bought a 2001 Z06 Corvette with 5K miles on it. I paid 35,900 for that car. I let my daughter influence me on that car to get it, plus the fact, I'd always wanted a Vette from a long long time ago, and never had one.
After finding out it scraped every time in and out of my hillside driveway, and I mean undercarriage once, not just plastic, and realizing that I just wasn't that comfortable in the car, I did a crazy thing. After owning it only 2 weeks, I went back to the BMW dealer that I bought the vette from (actually went in to look for a bmw), and traded back for the 330ci, after pleading my case. I basically told them, you've made a sale, I've got an alternate trade in another town already worked out, but if you want to make a customer, your going to have to help me get back in a bmw. I had my eye on an M, but at that point, it would have taken 20K to get in it out of the Vette. I think they were loaded in that car. So, he walked me out and showed me the 330ci just as it had been traded in, not even cleaned up. He said he'd trade for 1000.00. Well, I wasn't able to look at a book to check values, I had to just do it. I did get it for 1K including the additional tax at least. But it put me at 36,900 in the car. I've since checked value, and the price one would expect to get is 35K. However, the Vette wasn't going to bring that it didn't look like, at least not on trade, and to retail it, I'd had to wait until spring likely, and then loose all my sales tax. I did the smart thing and get out of it.
Long story short, the 02 M they had recently at 44,900, would put me out of budget, so I got the car that makes sense for me and my budget. It's a nice car though, no regrets!
Originally posted by Furious@Nov 30 2003, 08:18 AM bmw are known to hold their value, and the M cars are the worst . every buyers guide every year say the same thing. BMW are the best at holding value.
If by "worst", you mean "holds value the best", then yes. The M's have excellent resale value, mostly because they're relatively rare, have dealership markups, and have hand-built engines.
Did read your story a little while back. Too bad about the vette. I love mine, but of all the vettes the one I would really have to think hard about would be a used Z06. Z06's (in the early years: read 2001 era, not mid-years) tended to be ridden hard. They were the cheapest of the C5's and were targeted at a low entrance race car. My C5 rag top is a sweet machine.... much different feel than the Z06. I've raced Z06's and they are top notch, but I would be hard pressed to consider one for everyday all round auto.
For me, the lease costs between the 330 and the M3 were minimal simply due to residual and money factors. In your situation (trade-in & purchase outright) makes a large difference. Also, due to the near introduction of the C6 you did the smart thing quickly in that the Z06 prices have fallen off the charts...
For a long term purchase I think the 330 with a sport package and auto is a no-brainer.
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