Quote:
Originally Posted by AWF10M5
It's not just the m6 the m5 has tanked too greatly in the last two years.
I really regret buying my second m5 based on color combination and low mileage. It lost nearly 25k in a year In depreciation. My guesstimates last year when I bought the car were wayyyyy off. I was thinking all f10 m5 will hold value above 30k throughout 2019. Very wrong. I learned my lesson.
I would have much better off with the second choice which was a higher mileage M5 (30k) more but was almost 20k less.
At the end the depreciation all balances out and mileage doesn't even matter. Right now it's a buyers market for anyone looking to buy these cars.
I gotta say though unlike the jump and change from e60 m5 to f10 m5....the f10 to f90 isn't that exciting. AWD and all that is cool but looks wise it's very f10ish. Almost like a LCI. Definitely not worth upgrading to from the f10 m5.
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I 100% agree on the minimal upgrades of the F90 design.
BTW, I'm also calculating depreciation on my M6. I calculated for my 2014 MY GC, the car will be worth $30k by 2022. Depreciation should flat line around $30k at that time and cars with LCI, ZCP and unique color combos will be easier to sell and harder to find. I would say subtract about $3k from $30k, and that's where a comparable 2014 M5 would be in 2022. I based my estimates on the depreciate rates of the E60 M5. Look at it today, it's near impossible to find a 6MT, let alone one under 80k miles. A pristine full document E60 M5 SMG will easily fetch $30k, the same price as it did 2 years ago.
BTW what are your numbers to have a $25k depreciation hit in a year? What year did you buy it? What is the MY and mileage? My hit when I bought my car in 2017 (mine is a CPO) was $10k in 2018, and likely another $10k in 2019. My estimates before I bought it so far has held true, so I'm no surprised, and obviously budget wise, I can afford this depreciation...otherwise I would have kept my E90 M3, which is basically living depreciation free starting in 2018.