When I did the figures on a new M2 and M4 the depreciation was more than the monthly payments, negative equity off the bat.
The depreciation is so steep, I looked at an M2 that had all the bells and whistles (what bells and whistles it could have...) carbon pack, bluetooth exhaust, digital steering wheel, HK, Cameras, car play etc etc and had done 4k was a 66 Plate so 18 months old at the time, RRP 54k list, it was up for sale for 36k 18 months 18k depreciation. Imagine what they offered him... £30k? criminal.
Apparently the guy who bought it had a successful business and with brexit had to sell some assets to help get him through the otherside. Didnt even trade so I would say the number was pretty poor.
Pcp the car had a trade in in 3 years time 4 1/2 years old at £18.5k loosing another 17K, £472 per month the monthly payments were about £520 with a balloon at the end. The cost to HP were about the same overall just higher monthlys instead of balloon payment and using the PCP as a minimum trade in gives you a decent indication of value. Usually they are lower than actual but still poor.
I think its generally the problem with this generation of M car. The M3/M4 naming debacle, everything going turbo, the interesting positioning of the M2, amazing car but ruined by the 2 series interior quality but half baked until the comp then the comp exhaust sounds worce than the N55s.
The M3/4 interior is lovely but the M2s exterior is so much nicer and looks more purposeful. The M3s rear arches look so much nicer than the 4. Just not a big lover of this generation. Then there is the noise, hate the noise of the S55 and the thought of throwing more money to make it sound good just doesn't appeal at all.
That being said on the road there probably isnt much better in terms of performance, comfort and MPG. Just that old school purist BMW M car mentality is dwindling. I always have a go a people for having negative comments on the newer cars and I suppose I should eat my words as they really dont do much for me at all. Suppose its how you weigh it up. Old school with old tech and more expensive to run but smiles per miles or newer car with all the bells and whistles but steep cost of buying, purposeful but dull.
Instead went halves with my dad for a 996 4S as a bit of a project and another M... but a roady this time.
2 cars, very different and love them both for completely different reasons and I have the JCW for family duties. Being back in the M is a revelation and as much as I like the little turbo motor in the mini it just feels like its trying to hard to be something its not and that probably sums up the current M range for me. No magic but does what it says on the tin.
At the same time its hard to blame BMW they have made a great car in a world where there are eu regs ruining all the fun and the old ones being extortionate to tax.
I mean its the way it is, new cars are expensive and the depreciation is large, so what ever you buy will be a big loss unless its a long termer. For me even if I could afford it loosing that amount of money on a car thats lost the spark of old doesn't seem to make much sense. There is also a bit of unease with BMW generally. Cuting ranges, CEO stepping down, M department making X3/4 Ms... and yet cant make a 2 seater sports car, Electric programme a complete flop. Not the best time to be a BMW fan.
The M3/4 at 25-30k seems like decent value but I dont know what they are like in terms of longevity cost to maintain out of warranty. Suppose in the next few years it will be more apparent.
The Porsche world might be a better bet, everything is pretty much sought after now. Just had the 996 valued and it has appreciated 3k in the last 18 months and its done about 4k miles. Spent more than that on it mind you
