F8X M3/M4 buying new= bragging rights- not clever

[Jerez]

It been a while since my last post guys....
The F8X has lost £10k ( R175k) in 6 months since launch.

So the question is - what's the appeal of driving a new model first knowing you'll suffer from a 15/20% depreciation in the first 18 months

 

[MikeR]

:YesNo: its sad hence the reason I will never buy a new car again, its the worst investment ever.

 

[Magneto]

Owning one will fill you with joy. It you can afford one then it's worth it.

Second, say what you want about losing value, trybuy a second hand one and see how much value it has lost. I doubt much.

 

[adamr]

M car have always depreciated like crazy ... Locally I'm waiting for them to come to the 900k mark and I'll consider buying one and they already almost there


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[ZMC]

Owning one will fill you with joy. It you can afford one then it's worth it.

Second, say what you want about losing value, trybuy a second hand one and see how much value it has lost. I doubt much.

^ nothing makes sense

 

[Magneto]

Owning one will fill you with joy. It you can afford one then it's worth it.

Second, say what you want about losing value, trybuy a second hand one and see how much value it has lost. I doubt much.

^ nothing makes sense

:crazylaugh:

 

[Bayn46]

If you have the money and are impatient, then it makes sense, but if you want to avoid the initial hit, give the car a year or so to hit that initial depreciation window.

 

[Kimeran]

Some people just love that brand new feel I guess....
If I could afford to, I'd only buy brand new

 

[Quick///M]

Nothing can beat the feeling of a brand new car :=):

 

[200ts]

Under MP with low kms, with that new car smell, it comes pretty close. The new M's are already below the R1m mark, starting to look very attractive.


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[pimpassdaddy]

Ssssshhhhhh... Don't ask such questions. :fencelook:

I'm forever grateful to people that buy new and resell and you pick up a bargain. I still argue that personally, the supposed "feeling" you get of something brand new is offset by the feeling you get when you have to pay in the short fall should you want to trade in early.

For those with a car allowance, I can understand because of the various implications tax wise. I personally as a business owner wouldn't buy a personal car brand new. A truck yes, it'll make me money, but for something that sits in the garage 6 days a week. It makes little sense to. Pre-owned works swell for me.

Especially with motorplans... Absolutely NOTHING to fear.

 

[Nukleuz]

Ssssshhhhhh... Don't ask such questions. :fencelook:

I'm forever grateful to people that buy new and resell and you pick up a bargain. I still argue that personally, the supposed "feeling" you get of something brand new is offset by the feeling you get when you have to pay in the short fall should you want to trade in early.

For those with a car allowance, I can understand because of the various implications tax wise. I personally as a business owner wouldn't buy a personal car brand new. A truck yes, it'll make me money, but for something that sits in the garage 6 days a week. It makes little sense to. Pre-owned works swell for me.

Especially with motorplans... Absolutely NOTHING to fear.

My thoughts Exactly. After literally 2 weeks in the car...Weather it had 0 km's on or 15,000km its going to feel the same.

If you dont have a budget, then by all means... go for new.

 

[Jerez]

Yup ... A BMW Approved used with 10k on the clock feels just as new with thousands off... But then its all down to persona pref

 

[phantom]

It's not only M car's that lose.They all do especially in January each year when the "book" comes out.
The culprit is the one that decides what your car is worth and puts that figure in the book.
It's a psychological game.Don,t accept that your car is worth a figure that someone made up and put into print.What is the car worth to you?
:rollsmile:

 

[tcal69]

It's not only M car's that lose.They all do especially in January each year when the "book" comes out.
The culprit is the one that decides what your car is worth and puts that figure in the book.
It's a psychological game.Don,t accept that your car is worth a figure that someone made up and put into print.What is the car worth to you?
:rollsmile:

Yes I can feel what my car is worth, but is what people are willing to pay for it.

Same can be said about the 1M:hammerhead:

 

[HitokiriZed]

Everyone agrees, albeit reluctantly, that they'd prefer owning a new car over a pre-owned one.

Buying a new car means more peace of mind, for those of us that are unaware of what to check on a used car.

M3s (and I'm sure M4s as well) seem to appreciate again after the initial depreciation. In the long run they are definitely collectors' items.

 

[adamr]

Everyone agrees, albeit reluctantly, that they'd prefer owning a new car over a pre-owned one.

Buying a new car means more peace of mind, for those of us that are unaware of what to check on a used car.

M3s (and I'm sure M4s as well) seem to appreciate again after the initial depreciation. In the long run they are definitely collectors' items.

Don't think they appreciate its just they stagnate at a price point. But I do agree that if you find for example a 1996 e36 m3 with 10000km on the clock you can ask R400k and get your buyer


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[applehero]

It been a while since my last post guys....
The F8X has lost £10k ( R175k) in 6 months since launch.

So the question is - what's the appeal of driving a new model first knowing you'll suffer from a 15/20% depreciation in the first 18 months

Welcome to the UK car market.

 

[Clownshoe]

Doesn't a car loose 10% as soon as it leaves teh show room?

I recently had a bright idea to my a new M5 and keep it for life.

So new about 1.4 Million.

2 years old 900K

Flippen 'ell.

I can live with someone else choice of extras.

 

[prado]

New cars have 14% VAT on the purchase price which should be written off as soon as you buy a new car, as VAT is charged only on new cars.

Because the product has already been taxed when sold new, it cannot be taxed again. So buying a car used, even just for a few km should theoretically cost 14% less than the new price!

That is probably where the first 10-15% loss comes in.

Thereafter, the market margins for top end used cars and M cars probably is quite low. Maintenance costs and high risk, including insurance high risk premiums and future resale values probably make top end and luxury cars hard to dispose of off showroom floors.

However, that does leave plenty of really great cars available at great value for people who have the resources and desire to own a great top end or luxury car.