BMWna Screwing up pricing for M5/m6
07-01-2008, 10:15 AM
#1
Senior Members
Thread Starter
Join Date: Jun 2008
Location: Bangladesh, USA
Posts: 1,124
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 08 Porsche 911 c2s, 01 BMW 740il, 05 BMW 525i, 06 Acura TSX navi
BMWna is making it harder for people to sell these cars privately since they can't CPO the cars.
i think this is a shame to see 90k cars going for 60k.
What are your thoughts on this?
i think this is a shame to see 90k cars going for 60k.
What are your thoughts on this?
07-01-2008, 10:18 AM
#2
Super Moderator
Join Date: Jan 2008
Location: So. Cal (SFV)
Posts: 17,508
Likes: 0
Received 3 Likes
on
3 Posts
My Ride: 2011.5 Alpine White E90 M3 | Black Novillo Leather | Carbon Fiber Leather Trim | ZCP | ZP2 | M-DCT | Navigation | Moonroof | 6FL Mods: TMS 12.5mm spacers all around l Hawk HPS Brake Pads l OEM M3 Edition Grills l Paint Matched Side Gills l Key Hole D
Bad for the previous owner(unless it was a lease, which it probably was/is), good for the perspective buyer 
. Just make sure one checks out the car history thoroughly before purchase, as in any case i would hope... 
. Just make sure one checks out the car history thoroughly before purchase, as in any case i would hope...
07-01-2008, 01:55 PM
#3
Contributors
Join Date: Oct 2004
Location: Peachtree City Georgia
Posts: 1,578
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2004 e60 M5 Replica
Titanium Silver
Premium Package
Premium Sound Package
Adaptive Xenon's
Apple iPhone cell interactive pared with iDrive Bluetooth setting
19 inch BMW OEM 166M rims,
Michelin tires
Sprint Booster - V2
Fidelity / BMW Extended Warranty 7 year / 100,000 miles
Originally Posted by RJH&CO' post='613745' date='Jul 1 2008, 02:15 PM
BMWna is making it harder for people to sell these cars privately since they can't CPO the cars.
i think this is a shame to see 90k cars going for 60k.
What are your thoughts on this?
i think this is a shame to see 90k cars going for 60k.
What are your thoughts on this?
======================
I think it is wrong too selling these 100,000.00 nice rides for 60,000.00 or less, e60 M5s are great cars!!!
07-01-2008, 02:41 PM
#4
Senior Members
Thread Starter
Join Date: Jun 2008
Location: Bangladesh, USA
Posts: 1,124
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 08 Porsche 911 c2s, 01 BMW 740il, 05 BMW 525i, 06 Acura TSX navi
i agree. it just makes me feel funny that prices are dropping on these cars like crazy.
07-01-2008, 09:54 PM
#5
Contributors
Join Date: May 2007
Location: Pittsburgh, PA
Posts: 3,987
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 Alpine White 550i Sport, Cream Beige Interior, 6-Sp Manual - retired 9/2011
Originally Posted by Presley348' post='613894' date='Jul 1 2008, 05:55 PM
======================
I think it is wrong too selling these 100,000.00 nice rides for 60,000.00 or less, e60 M5s are great cars!!!
I think it is wrong too selling these 100,000.00 nice rides for 60,000.00 or less, e60 M5s are great cars!!!
07-01-2008, 09:54 PM
#6
Contributors
Join Date: May 2007
Location: Pittsburgh, PA
Posts: 3,987
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 Alpine White 550i Sport, Cream Beige Interior, 6-Sp Manual - retired 9/2011
Originally Posted by Presley348' post='613894' date='Jul 1 2008, 05:55 PM
======================
I think it is wrong too selling these 100,000.00 nice rides for 60,000.00 or less, e60 M5s are great cars!!!
I think it is wrong too selling these 100,000.00 nice rides for 60,000.00 or less, e60 M5s are great cars!!!
07-09-2008, 12:26 PM
#7
Members
Join Date: Feb 2008
Posts: 122
Likes: 0
Received 0 Likes
on
0 Posts
It's a shame but expensive cars always depreciate very quickly unless it's a limited production vehicle or a classic. I knew this guy who purchased an E39 M5 for about 80-90k (with markup) and traded it in 2 or 4 years later for about $35k. The market for those cars is very soft.
07-09-2008, 01:35 PM
#8
Members
Join Date: Jul 2005
Posts: 249
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Kenny@JleviSW' post='619750' date='Jul 9 2008, 03:26 PM
It's a shame but expensive cars always depreciate very quickly unless it's a limited production vehicle or a classic. I knew this guy who purchased an E39 M5 for about 80-90k (with markup) and traded it in 2 or 4 years later for about $35k. The market for those cars is very soft.
economy and gas prices dont help
07-09-2008, 02:55 PM
#9
Senior Members
Join Date: Mar 2007
Location: North Carolina, USA
Posts: 1,517
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 BMW 550i
2006 BMW X3
Originally Posted by Kenny@JleviSW' post='619750' date='Jul 9 2008, 04:26 PM
It's a shame but expensive cars always depreciate very quickly unless it's a limited production vehicle or a classic. I knew this guy who purchased an E39 M5 for about 80-90k (with markup) and traded it in 2 or 4 years later for about $35k. The market for those cars is very soft.
At 3 years it was still worth $60k on the open market (20% in 3 years is FAR better than most cars) but I decided to keep it after the lease. Only then did it begin to drop.
3 years with the E60 M5 and they loose 40%.
EDIT: PS, I do think BMW is making a mistake, not CPO'ing the cars but they must not think it hurts their sales or reputation.
