03-08-2019, 12:55 AM | #45 |
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I'm in the market for a M6 right now. It is amazing how many sellers don't get the depreciation! They are holding on to the cars and overpricing them like they are Appreciating in value! Some sellers get it though...ironically, they are the ones that are not typical BMW sellers.
Just look at the classifieds here. One seller who is a dealer and selling for someone else is listing a 2015 M6 with 19k miles for about 50K. Another private seller is listing his 2014 M6 with over 70k for about the same price!! Some may argue about options on the car, but it really doesn't make a huge difference on the used car market. To put the depreciation in perspective, a 2013 M6 Coupe (same depreciation as GC BTW) with 60K miles is 23K wholesale (so even less on a trade). 2015's with the same mileage are upper 30's. Food for thought for anyone who is selling. |
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03-08-2019, 02:58 AM | #46 |
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This is a great discussion! I wish there was a bigger M6 population in Australia. All M6GCs combined there is 8 in total for sale in the whole country, 5 LCIs and 3 pre-LCIs.
Seemingly, the best deal LCI seems to be a ‘16 Comp Pack (ZCP in the US, but all AUS M6s were Comp from ‘16), asking price just under $120k (FX 0.7 to USD currently), with 20k kms (12.5k mls) - that’s depreciation of appr $180, or 60%, in 3 years - is that in line with the US cars? Mind you, this is an asking price by a private seller, and despite the ad says non negotiable, another $10k would come off if you show cash... At the other end, a dealer selling a ‘17 for $172k asking price with only 4k kms, or a ‘15 Comp Pack modded with nearly $40k kms for $165k asking price, especially the latter is naturally wishful thinking... The non-LCIs with appr. 40k kms are priced at around $120k, both ‘14 models, but with minor upgrade (called MY14.5 here), and a ‘13 model with 80k kms for $100k - and I don’t remember when I have seen an M6GC advertised for much less than that - does that mean that the early model prices are beginning to plateau in this market? Naturally, these are asking prices, most private sellers, so a wholesale likely would be min 30% lower, and net trade-in another 10-15% under that... Any thoughts from those who have done more research on a bigger market? |
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03-08-2019, 03:51 AM | #47 |
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All interesting info - thanks. I finally bought mine last month after watching for about 3 years - LOL. Private sale, 25k miles, 14, clean car fax, comp and exec, everything but ceramics for 46k - CA car and I am in MA. I looked far and wide but was interested in certain colors and packages so I am pleased... wholesale in New England area is around 42-44, but there are very few if any and my patience was wearing! Just my 2 cents as folks explore their options..
Side note, original asking was 52 and I just stood my ground. |
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03-08-2019, 08:28 AM | #48 | ||
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03-08-2019, 10:45 AM | #49 | |
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You can't reasonably compare wholesale price to retail. Most buyers don't have access to trade sources (Manheim). The 2013 M6 has a market price of mid- to upper-30's because that's what the market will bear, understandably with adjustments to that price for mileage, condition and options. If you factor that adjustment at roughly $300 per 1000 miles ($.30c per mile) the difference can be significantly more or less - 10k miles on the clock an swing the price $3000 either way. The 2014 models are now where the 2013's were about this time last year, but the 13's have firmed up on price. I think you'll find depreciation will be decelerating as the price of the 8'er - especially the M8 becomes known and the M6 becomes an attractive, and by comparison affordable, alternative. Or so I hope. :-) I also disagree with your observation that options don't matter. They most certainly do, especially for the kind of buyer looking for a car like this. Yes, the impact on price with regard to options isn't as significant as condition or price. But for someone who wants, say, the B&O system in the car, it's a deal-breaker for some sellers, an opportunity to command a higher selling price for others so equipped. The difference in perception between whether or not an item is 'overpriced' or not is if you're the seller, or the buyer. But if I have what you want, and there's a dwindling supply of them, better to acquiesce and get it sooner, rather than later. Remember, there were only 2093 M6 Coupes shipped to North America for the entire production run. Time will tell. Last edited by Cincinnatus; 03-08-2019 at 05:05 PM.. |
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03-08-2019, 03:58 PM | #50 |
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Let's not forget the i8... Sticker on this was what in the high 160s? 2015 MY are selling on autotrader for Sub 70k range.
Definitely a specialized car, but I would have thought it to hold its value much longer. |
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03-08-2019, 11:24 PM | #51 | |
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In a buyer's market, options do not play as big of a role in price fluctuation. They do play a role in make or break deals though. Obviously if a car is optioned out and has an MSRP of 20,000 more, of course the used car price will be adjusted higher. But in a car that's already dropped 70%, that same car would only be worth about three thousand more. |
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03-09-2019, 10:26 AM | #52 | |
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My point is that it's not the one-sided equation that you imply. |
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03-11-2019, 12:47 AM | #53 | |
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This is what Manheim MMR is for. KBB and Edmunds play off of Manheim to a certain extent (KBB seems to be months behind). |
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03-11-2019, 12:54 AM | #54 | |
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03-11-2019, 03:32 AM | #55 | ||||
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Thanks. The expired warranty is a little nerve racking but this isnt a DD, and I am looking forward to taking it easy on the frequency and enjoying it! |
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03-11-2019, 04:42 AM | #56 | |
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Take care of your vehicle and it'll run smoothly... DD it like you would a Civic. |
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03-11-2019, 04:54 AM | #57 | ||
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03-11-2019, 02:29 PM | #58 |
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You're too young and too new, being of warranty on any M car is not for the faint of heart. It's not impossible, but you should just be ready for that rainy day.
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03-11-2019, 07:00 PM | #59 |
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meh, it's overblown IMO. Typically, a major issue for a car that's 1-3 years removed from warranty expiry will get goodwilled. The expensive issues that pop up much later (rod bearings, SMG, Vanos of the past cars that I can think of) typically has decent aftermarket shop expertise by that time and it'll be much cheaper to fix.
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03-11-2019, 07:02 PM | #60 | |
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03-11-2019, 07:02 PM | #61 | ||
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The way I view wholesale pricing is that is the lowest price a dealer will offer you on a trade. It is also the lowest price the dealer is willing to sell a preowned car to a retail customer. The auction is the "buyer of last resort". So using wholesale is a great way to negotiate the best deal on a preowned car.
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03-18-2019, 09:48 PM | #62 | |
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IMO, the bottom line is that M6s and BMW “M” class vehicles aren’t what they used to be. However, the new M5 seems to be holding its own right now. That’s primarily due to the all wheel drive and 600hp. Let’s hope that is a positive sign that BMW “M” class is making a comeback. |
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03-20-2019, 10:03 PM | #63 | |
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Last edited by irishbimmer; 03-20-2019 at 10:03 PM.. Reason: mispelling |
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03-21-2019, 07:21 AM | #64 | ||
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03-21-2019, 03:48 PM | #65 | ||
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Some have speculated BMW tinkered with the suspension and steering of the M6. There are the physical differences from an old post I did on m5post and wider track and lower height can't be the major variable where the 2 cars drive differently: Quote:
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08-21-2019, 01:54 PM | #66 |
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I've neglected this thread and forum for a few months, but wanted to check in...
I bought a 2018 GMC Denali to daily drive, to try and save the M6 from my commute. Dallas roads are garbage and it was killing my car. Not to mention the 300 mile round trip I have to make down south to our DC each week. Eventually, I got the itch for a manual, so the hunt went on for a e92 M3 with a 6spd. Found the perfect one at a Porsche dealer... Cloth, 6spd, no nav hump, white, 20k miles, carbon roof... Non comp car though, which didn't bother me. Anyway, onto the numbers: Porsche gave me $4k over MMR for the M6. That came to about $45k in trade, which I thought was more than fair. The e92 was less than that of course, but I had a payoff. Overall I miss the F06. I still say it's one of the most beautiful cars ever made, not to mention fast as f***! My e92 is different, but also very similar. I don't like the driving position thus far, and really miss the power, but that high revving V8 is intoxicating. |
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