M8 Competition Future Used Price

[nish_M240i]

Morning Fanatics

I hope everyone has been safe lately.

Yesterday I went over to the SMG dealership here in Umhlanga to get a license disk for my M240i and I couldn't help but have a look at what was around. First thing that caught my eye was a brand new M8 Comp in like a satin white finish getting prepared for delivery. It honestly is a beautiful car and I even had a look at the spec sheet. It was fully spec'd out to just over R3.4 Million which is a crazy amount of money for a BMW. 

After I saw that figure, I seriously started wondering about the resale on these M8s and how much they would sell for used in the future like in a year or 2. It's undoubtedly a very beautiful car, I love the way it looks, love the interior and the performance, it replaced the BMW M6 well I would say even though I'm still in love with the M6. But for that price, is it really worth it considering you can pick up an F90 M5 Comp for so much less yet it has the same amount of power and its also much more practical. Used the F90s with under 20k mileage are going for about R1.5 Million or so which is quite a drop from the brand new price. Another car that's also dropping substantially is the Audi R8 V10 Plus which starts at R3.2 and used examples with under 10K on the clock are selling for lower than R2.3 which quite reasonable for a supercar.

But with regards to the M8, I definitely don't think the price is worth it brand new, however I feel it might be when they used in the years to come like the R8. So if I'm being honest, I wouldn't spend that much on a BMW, I'd buy the F90 M5 Comp or if I were looking at getting a 2 door sports car, I'd go with a pre-owned low mileage R8 V10 Plus considering its a Lamborghini Huracan in Audi clothing. 

But what do you gents think, how much would the M8 be in the future years to come used, and would you buy one if you had that money ?

 

[Faraaz001]

I remember as clear as daylight, in 2017 a M6 GC with a few extras was about 2.1 million, today you can get a 2017 with like 20k kms for 900k, about 43% of the value, so safe to say in 3 year, that 3.4 million rand M8 with low kms should sell for around 1.4-1.5 million.

I hope they sell lots brand new so theres enough supply for us down the line,  :roflol:


That depreciation is insanity, works out to like 50k a month

 

[TurboLlew]

I think 1.3 to 1.5M for a low mileage 2 year old example it is a no-brainer... unless you want an R8 V10 to mod. Depends on whether you want a lite supercar or a GT supercar killer. Interesting how we don't speak about the GT-R at all anymore LOL

 

[IWannaGoFast]

Me and my friends have a rule. If you buy a car between 2-3mil it has to be a R8 v10 plus. There's literally nothing that compares in that price range imo.

 

[individj]

ill have a Rari thanks haha

 

[Del-Bosc]

What about a Porsche GT3?

 

[individj]

I think 1.3 to 1.5M for a low mileage 2 year old example it is a no-brainer... unless you want an R8 V10 to mod. Depends on whether you want a lite supercar or a GT supercar killer. Interesting how we don't speak about the GT-R at all anymore LOL

we are waiting for them to drop to R500k haha

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I think 1.3 to 1.5M for a low mileage 2 year old example it is a no-brainer... unless you want an R8 V10 to mod. Depends on whether you want a lite supercar or a GT supercar killer. Interesting how we don't speak about the GT-R at all anymore LOL

we are waiting for them to drop to R500k haha

although with that being said im more a R34 guy

 

[MR_Y]

If I am spending more than R1m+ on a car, it must have a prancing German horse on the bonnet.
If more than R2m+, a prancing Italian horse (or a bull) would do

 

[NBN]

As much as i love Bmw's( more specifically the older ones with appropriate sized grills) if it were my money, i agree with the sentiments above. If i were to buy an all out supercar, it would have to be a Porsche/Lambo/Ferrari

 

[Salt]

Firstly let me say I think every single car on the market is over priced - so do I think the M8 C is worth the asking price - nope. Also I will state that I am no tech motoring guru etc. But from watching the carwowcar channel there is def a difference in performance between the M8 and M5 even though they might make the same power. I really think the M8 C is a beast of another nature and in a class of its own, at least in the BMW stable. From what I've seen the M5 has known launch control issues where the M8 is just sublime every time. I've just become such a fan of the M8 and for me right now is the current model ultimate BMW. 

M8 C VS M5 C

M8 C VS R8 VS Tesla VS 911 VS AMG GT - check how well that M8 takes out the comp in the last roling start race in 3rd with sport mode on. 

It really is an incredible machine - makes it lekker being a BMWF seeing that M8 hook some mean cars.

 

[MR_Y]

There was a Top Gear episode (from the past few months ago), where they compared the M8C to similarly priced coupes and they concluded that the other cars were better at the price.
Their recommendation was to get the M5C rather.
Will try to find that link.

Also, there was an Autocar.co.uk video where the M8C came 2nd to the 911 Carrera S - can't recall all the criteria they used.

 

[yush1]

My pick would the AMG GTR.

 

[individj]

There was a Top Gear episode (from the past few months ago), where they compared the M8C to similarly priced coupes and they concluded that the other cars were better at the price.
Their recommendation was to get the M5C rather.
Will try to find that link.

Also, there was an Autocar.co.uk video where the M8C came 2nd to the 911 Carrera S - can't recall all the criteria they used.

for me looks & coolness are important when it comes to cars...personally i would never purchase a car based on what a TV show says...i would know what i want and do some research and then drive them.....its important to know what you're gna use the car for...if you plan to out-launch everything then sure...take it into consideration....if you plan to track it every weekend ,...of course...but if youre gna have a few spirited drives to Hermanus and cruise to a few wine farms then maybe consider what info is relevant to you and never forget......to look at the damn thing...a M5 & M8 are very different looking cars.

 

[nish_M240i]

I think 1.3 to 1.5M for a low mileage 2 year old example it is a no-brainer... unless you want an R8 V10 to mod. Depends on whether you want a lite supercar or a GT supercar killer. Interesting how we don't speak about the GT-R at all anymore LOL

GTR is definitely an epic car, they good value for money. Seen quite a few low mileage ones sitting at about 1.6 or so.

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Me and my friends have a rule. If you buy a car between 2-3mil it has to be a R8 v10 plus. There's literally nothing that compares in that price range imo.

To me its basically a Lambo in an Audi body, I mean it shares the exact same engine as the huracan and I have to admit, it looks really amazing.

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ill have a Rari thanks haha

One day browski, F12, Pista, and of course a GTC4Lusso.

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What about a Porsche GT3?

Love Porsches, the GT3 is the car you buy if you don't have enough for the RS. But if I were to buy a porsche, I'd buy a 911 Turbo S.

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My pick would the AMG GTR.

Another epic car at a decent price. Not the biggest fan of AMGs but if I were to get one, I'd get that, they going for about R2.5 or so now.

 

[Faya92]

but the question should be why are they charging that price? I think its because they trying to get into the supercar/hypercar scene, something like the amg gtr, etc

 

[TBP88]

If I am spending more than R1m+ on a car, it must have a prancing German horse on the bonnet.
If more than R2m+, a prancing Italian horse (or a bull) would do

Haha, good luck bud. A kitted Cayman GT4 is around R2m now

R2m in porsche gets you a bone stock GT4 with around R200k change...

a 911TurboS is about 3,5m or so. I'd take that over an M8C all day, every day.

Unless you don't care about depreciation (and if it's R50k+ a month worth of depreciation alone, you care) the M8 makes little sense to me.
If you want luxury GTs, get a bentley, if you want a fast usable sportscar 911Turbo, if you want an all round 4 seater, get an M5.

They're kinda cool. But they're not worth R3m+, hell I'd struggle to justify R1.5m for one that is 3yrs old. Imagine the maintenance out of plan? Brake discs are probably like 20k each!!!

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Also, even at R1.5m it's still got a steep bit of depreciation to go - look at the v10 M6s, the best one out there is probably a R400-500k car...

 

[individj]

its fun having these chats although i know i cant purchase any of them as my property portfolio aint nearly sexy enough.

 

[nish_M240i]

I remember as clear as daylight, in 2017 a M6 GC with a few extras was about 2.1 million, today you can get a 2017 with like 20k kms for 900k, about 43% of the value, so safe to say in 3 year, that 3.4 million rand M8 with low kms should sell for around 1.4-1.5 million.

I hope they sell lots brand new so theres enough supply for us down the line,  :roflol:


That depreciation is insanity, works out to like 50k a month

Its honestly scary that they dropping by that much, this should be under 2 mill at least. The M6 is still a very good looking car, but definitely its never really worth spending that much on a brand new M car.

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If I am spending more than R1m+ on a car, it must have a prancing German horse on the bonnet.
If more than R2m+, a prancing Italian horse (or a bull) would do

Haha, good luck bud. A kitted Cayman GT4 is around R2m now

R2m in porsche gets you a bone stock GT4 with around R200k change...

a 911TurboS is about 3,5m or so. I'd take that over an M8C all day, every day.

Unless you don't care about depreciation (and if it's R50k+ a month worth of depreciation alone, you care) the M8 makes little sense to me.
If you want luxury GTs, get a bentley, if you want a fast usable sportscar 911Turbo, if you want an all round 4 seater, get an M5.

They're kinda cool. But they're not worth R3m+, hell I'd struggle to justify R1.5m for one that is 3yrs old. Imagine the maintenance out of plan? Brake discs are probably like 20k each!!!

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Also, even at R1.5m it's still got a steep bit of depreciation to go - look at the v10 M6s, the best one out there is probably a R400-500k car...

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I guess the porsches definitely hold value better than the M cars for sure. Not everyone wants to take the depreciation though, which is why its better to get an M car pre-owned with low mileage. The f80 M3s were about 1.2-1.3 brand new, and now they selling low mileage for about 700 or so which is very reasonable. Its normally the older M cars that are holding value well like the E92 M3, there's going to come a time where that will be worth more than the F80 M3 and M4. 

Maintenance out of plan is definitely going to be expensive. On that topic, my dad's f10 M5 LCI will be out of plan this year, so he's thinking of extending it, but we'll see when the time comes for that.

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but the question should be why are they charging that price? I think its because they trying to get into the supercar/hypercar scene, something like the amg gtr, etc

Its possible, because the last supercar BMW made was I think the M1 (not 1M) or the 850csi which was a very long time. I know they said the i8 was a supercar but to me its not, all I see in it is a hybrid coupe.

 

[individj]

you see this is an SA thing...certainly they have become more expensive but only in SA are we paying these prices...but it goes for all cars...the protection of the motor industry at the expense of all citizens is one thing but one can hope that buyers will start holding out a little at all levels but its tricky as people need cars...this is an easier segment to be like naaaa fcuk that price i aint paying that.

 

[MR_Y]

If I am spending more than R1m+ on a car, it must have a prancing German horse on the bonnet.
If more than R2m+, a prancing Italian horse (or a bull) would do

Haha, good luck bud. A kitted Cayman GT4 is around R2m now

R2m in porsche gets you a bone stock GT4 with around R200k change...

a 911TurboS is about 3,5m or so. I'd take that over an M8C all day, every day.

Unless you don't care about depreciation (and if it's R50k+ a month worth of depreciation alone, you care) the M8 makes little sense to me.
If you want luxury GTs, get a bentley, if you want a fast usable sportscar 911Turbo, if you want an all round 4 seater, get an M5.

They're kinda cool. But they're not worth R3m+, hell I'd struggle to justify R1.5m for one that is 3yrs old. Imagine the maintenance out of plan? Brake discs are probably like 20k each!!!

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Also, even at R1.5m it's still got a steep bit of depreciation to go - look at the v10 M6s, the best one out there is probably a R400-500k car...

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I will always buy used, even if I would have the big bucks one day.
A used 981 GTS/GT4 or 991 would suit me fine.
The M8 would make a brilliant 3-4 year old used buy, with about 30,000km on the clock.