OMG soooo cheap - someone rescue it please

The bargains are getting better on the M!

Only 358 miles!!

http://www.robertsternbmw.co.uk/usedbmw/view_model.html?dolnDealerID=16355&currentCh=WBSDU92070LF78906


They offered me a good deal against that Z4 M as it's basically the same interior as mine! It was tempting, but the cost to change would still mean I was throwing money away (and you know what I think of the 3.0si v M on the road! :P ), so I said no. Looks like a nice car and if I hadn't bought the one I had now, I probably would have gone for it at that price and that mileage as it's almost £800 less than I paid for my Z4 at the start of the year!!! Just shows how the car market is now! :?
 
Breaker, that looks like a nice car. Not just the ///M but all cars, have you looked at 3.0 prices recently too? SLK prices through the floor, on an equivalent basis the cars are easily £4k cheaper than they were 18 months ago, so instead of the usual £4-5k a year hit there is a one-off £4k kick in the bollocks in addition.

Interesting to note that new car prices have stayed the same, that's something that will have to change in my opinion, otherwise people will stop buying them.
 
Wondermike said:
Interesting to note that new car prices have stayed the same, that's something that will have to change in my opinion, otherwise people will stop buying them.

People have stopped buying them. A report yesterday said August 08 car sales were the lowest since 1966!
 
My buddy is in the motor trade dealing in mid market family saloons and he's had to reign back all expectations. People are doing 2 things 1) holding onto their present car for much longer and doing any service repairs or work, rather than the time based change. They are of course holding off to see how things pan out. 2) Others who have to change are either downsizing in size or price, so he's dropped his average forecourt vehicle price by several several thousands £'s.

Ironically can you believe his biggest problem is buying stock as the market is flooded with new and nobody will sell their car at a realistic market value.
 
I did the same with the X5. It just turned 3 years old, and I did not even bother going to a dealer to have a chat for a new one as I knew I would be insulted by the trade in price. I just have to look at pistonheads to see what they are selling for, so trade will be even worse.

I have extended the warranty for another year for £350 or so, and as the car looks and drives like new, I have no intention to trade it in. So that is another "new sale" lost as I am holding on for the depreciation to level out in 1 or 2 years to more realistic levels over the life time of the car.

With my M having lost probably close to 20K in the first year of ownership, and the X5 about 25 in 3 years, I am not prepared to fund the profits of BMW by selling or trading for another one. I will just keep the cars and buy something else in addition soon-ish.
 
Blacklines said:
People have stopped buying them. A report yesterday said August 08 car sales were the lowest since 1966!
Yeah I saw that, unbelievable really, imagine thinking this a couple of years ago.

cj10jeeper said:
Ironically can you believe his biggest problem is buying stock as the market is flooded with new and nobody will sell their car at a realistic market value.
Is that people over-valuing their car, or are they just refusing to lose a fortune on it? I did have mine in Autotrader a couple of times and could have sold it no problem, the price was realistic based on the market but I had second thoughts and thought "why should I lose thousands here, just to change..." so I never bothered in the end.

pvr said:
...I am not prepared to fund the profits of BMW by selling or trading for another one...
Yep this is what I mean, who will buy new cars again? I know I won't, even though I'll be desperate to get the new Z4 when it comes out, I'll resist because I'm certain that the first cars won't have all the toys or be the best spec, and after 6-12 months the market will be flooded with ex-BMW cars at £10-15k below list. New Z4 will lose you £1k per month over 18 months, no problem.

I'll be waiting for a car 12 months after launch, where I'll probably pick up a 3 month old one.
 
Mike
My buddy tells me there are plenty of cars around but geting the right one's is near impossible for him. He's trading in the space below what the main agent dealers and car supermarkets have on their forecourts. Seems people with well specced cars a few years old will not trade in due to the loss they have sustained so far, economic outlook and no doubt many other market dynamics. Look at the comments pvr and I have both made in threads about not selling our now ageing X5's
 
Breaker said:
The bargains are getting better on the M!

Only 358 miles!!

http://www.robertsternbmw.co.uk/usedbmw/view_model.html?dolnDealerID=16355&currentCh=WBSDU92070LF78906


They offered me a good deal against that Z4 M as it's basically the same interior as mine! It was tempting, but the cost to change would still mean I was throwing money away (and you know what I think of the 3.0si v M on the road! :P ), so I said no. Looks like a nice car and if I hadn't bought the one I had now, I probably would have gone for it at that price and that mileage as it's almost £800 less than I paid for my Z4 at the start of the year!!! Just shows how the car market is now! :?


holy cr@p! thats exactly the same as the one i bought 2 months ago (except mines a 57 plate and had done 2000 more miles) for 30k! new i shoulda waited it out a little longer :( - its a good job i love it so much or i'd be p1ssed!
 
Doh said:
holy cr@p! thats exactly the same as the one i bought 2 months ago (except mines a 57 plate and had done 2000 more miles) for 30k! new i shoulda waited it out a little longer :( - its a good job i love it so much or i'd be p1ssed!

Add VAT and it is £31,500.

So you got a bargain!
 
Why add vat again? VAT qualifying does not mean it is exclusive of VAT, it just means that a buyer can claim the VAT back if they are VAT registered.
 
Yes that price was including VAT. The dealer had over 300 hits on that advert in 1 day! They have had numerous calls about the car mainly because of the low mileage.

I went and had a look at it Friday and took it out for a good drive in the afternoon. It's basically a brand new car that is almost half price!! I was tempted purely because of the mileage/spec v price, but after driving around on some of my fav routes, it really is no quicker, on those roads, than my Z4 so it would be a waste of money for me considering my car has also lost nearly £5,000 in 6 months as a trade in an it really would be a lot more money to run also!!! I liked heavier feel to the steering though but the suspension crashes about a lot more than mine, and I like hardish suspension!! Also I actually liked the sound of mine more!

I think they had 4 people coming to look it over this weekend so my guess is it's gone now. :wink:
 
Breaker, sounds like you made the right choice. Did you talk turkey with the dealer, what were they looking to change?
 
Do you think it is a lot more to run? My insurance premium on the M is now actually cheaper then the 3.0 I had before (430 now versus 450 for the 3.0).

I have had no servicing costs as of yet as I still have to do another 6000 miles or so before the first service is due. On the long, cruise control trip from Scotland, I had 31 mpg in the M versus on the same trip in my 3.0, I had 35 mpg.
 
pvr said:
Do you think it is a lot more to run? My insurance premium on the M is now actually cheaper then the 3.0 I had before (430 now versus 450 for the 3.0).

I have had no servicing costs as of yet as I still have to do another 6000 miles or so before the first service is due. On the long, cruise control trip from Scotland, I had 31 mpg in the M versus on the same trip in my 3.0, I had 35 mpg.

My insurance for the ///M is cheaper than my 335i was which was a pleasant surprise. I have 11k to go still before first service. Fuel economy isn't far from my 335i either and performance is about the same - I'd give acceleration from standstill to the ///M for sure and at high revs it should see off the 335i in any situation and it definitely handles better. The 3.0si I test drove felt slower than the 335i.
 
The offer was £7,800 to change! Now that was on a Z4 I paid £27,000 for 6 months ago (and now that M is cheaper than that was when I bought it)! I also own my Z4 (no finance) but I would need finance to buy that M.

Don't get me wrong, if I didn't already own the 3.0si and I hadn't just bought the car, I would have snapped his hand off!
It would cost me around £110 extra on insurance as my 3.0si is only £210 fully comp! I get an average of 27.6 MPG out of my 3.0si as I don't "hang around" when driving the Z4 (the shortest route a week is on A and B roads, hardly any cities of around 45 mile round trip) so If I had an M it would use more fuel! It would also cost me nearly £200 more a year in road tax! I asked the dealer about servicing at which he said it's around 10 to 12 k intervals and the first (oil) service would be the same as the 3.0si. It's after that that the M starts costing more on major servicing.

Power wise, actually, up to around 5,000 rpm I think it felt similar to my 3.0si and a few markers I have on dual tracks (coming out of a roundabout up a long straight slight climb and under a bridge being one) the M was doing around the same speed as my car. At around 5-6,000 rpm the M with the sport button in did def kick harder than my car!

Put it this way, I didn't get out of the M and think "Wow". If I did, and I had hoped it would, it would be sat on my drive, but it didn't feel £7,800 + the depreciation in 6 months better than the Z4 I have now!

My conclusion on the 2 cars is this. The 3.0si is very "road" focused in it's design. The electric powered steering, the suspension set-up and the way the power is and how it comes in is more than enough to keep the grin on the driver on the road, and not a lot will pull away from it on the road.
The M is def track focused in it's design. You need to nail the throttle to see the difference, and although that difference is there, it can't manifest itself on the road properly because of all the road stuff you have to put up with day to day. On a track it would make a difference!
The M is an awesome car, but already owning a Z4 it just didn't make sense to swap. I went out in my 3.0si for a burn this afternoon and I realise I already own an awesome car! And it's all mine with no finance! :)

Back on the topic, the M has lost more money at the moment than the 3.0si from new. Now being an M car it should start to level out soon and the 3.0si may fall behind more, but the game has changed these days with performance cars slowly being looked on like gas guzzling 4x4's have been. The salesman told me that one of the main things people ask now is what C02 tax bracket the car falls into when they phone up for a new or used car where as that didn't even enter into the conversation before! Strange times! :|
 
Breaker said:
The bargains are getting better on the M!

Only 358 miles!!

http://www.robertsternbmw.co.uk/usedbmw/view_model.html?dolnDealerID=16355&currentCh=WBSDU92070LF78906
Just a thing I noticed on this car. M owners, are your actual brake units painted silver or are they plan cast?
These are painted. Also had no tyre valve caps and the aerial was missing. I think that car has been sat outside for a while somewhere. Guess it could have been at the dealers.
 
Breaker said:
The bargains are getting better on the M!

Only 358 miles!!

http://www.robertsternbmw.co.uk/usedbmw/view_model.html?dolnDealerID=16355&currentCh=WBSDU92070LF78906
That cars been sold now. Thought it wouldn't last long having that mileage.
 
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