10-03-2018, 06:42 PM | #1 |
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Whats my M6 Worth?
Hi all,
I'm considering selling my 2013 M6 and am curious to what its worth. It has 52,000 miles and is in great condition. The only flaw is a small amount of wear on the center armrest/center console. The car has a clean title but does have an accident where the side front airbag deployed. Everything was professionally replaced through BMW and there are no signs of an accident. The M6 is all factory with the exception of black wheels. Fully loaded except full leather and night vision. Also the car has a transferable warranty until 2021 w/unlimited milage. ($4,900) Thanks in advance
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10-09-2018, 08:23 PM | #4 |
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With that accident I would downgrade car 10-20%. Airbag deploying means relatively bad accident. Also, 52k miles is high. I was offered 29k for my 2013 M6 convertible by carmax and no accident, with same options plus night vision.
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10-12-2018, 10:23 AM | #6 |
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Yikes. I sure hope the values start to plateau on these things.
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10-18-2018, 05:03 PM | #8 |
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10-18-2018, 08:58 PM | #9 |
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10-24-2018, 08:33 PM | #10 |
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I just can't believe these cars can get so low, do you guys think they were over produced? I mean you can get a decent example in the 40's at this point. To think someone will soon spend 35k and drive around in one of these is crazy!!
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10-25-2018, 01:06 PM | #11 | |
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I think it comes down to demand. One easy way to track it is to use cars.com app. An older version shows the number of page views and contacts through the app for any particular car. For the M6...you'll see a wide range of numbers. What I've observed was that the higher app traffic were for: 1. lowest priced car (usually one with high mileage or accident history) 2. cars where their photos show something unique (frozen paint, SMB, SO) 3. cars with certain spec combos (SMB on SO, 601 wheels/ZCP, CCBs, etc.) 4. cars in major metro areas IMO, the M6 model that will retain value the best is the Gran Coupe. The most coveted option will be ZCP. The most coveted model year eventually will be 2016-18. The least desirable M6 models eventually will be 2013 convertibles and coupes with no ZCP. Those will likely stabilize at around $25k by year 2023. Expect Gran Coupes to stabilize around $30k and coupes to be somewhere in the middle. Unique ones can easily add $5k to that price. I'm basing this on E60 and E63 M5/6 used prices right now and my experience owning and selling my 08 M3. Partially based on the analysis above, when I bought my M6, I decided on a car I eventually bought with these features: 1. Highly coveted M Performance/aftermarket parts - mine came with the electronic wheel, MPE, and V-Spoiler ($10k worth of parts) 2. popular color - alpine white is as classic as it gets for a BMW M car 3. Low mileage - I calculated my annual mileage rate from the then current mileage and determined I would have a lower mileage car than the average car by 2023 4. ZCP - unlike 2006-2013 various M models, the F generation ZCP cars all have substantially material changes made to the car and the way it drives (suspension, steering, power) 5. Other key options - B&O, full leather
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11-15-2019, 07:28 AM | #12 | |
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Quote:
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11-16-2019, 08:27 PM | #13 |
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11-17-2019, 07:27 AM | #16 |
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There's very little market for the m6. The buyers it appeals to are very small. Repair costs are insanely high and reliability has been notoriously bad, especially with the rod bearing issue. I know someone who had a M6 GC right out of warranty and blew a rod bearings that ruined the engine. $40,000 in damage but the car was only worth $40,000. So basically he lost the whole entire car. Insurance did not cover that and BMW did not help.
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11-17-2019, 12:18 PM | #17 |
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Drives: BMW M6 comp
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what gen are you talking about? The S63 motor is pretty solid and my mechanic who specializes in BMW has said hes seen literally no issues w that motor/platform.
Maybe you're talking about the v10 era? |
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11-17-2019, 02:59 PM | #18 | |
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Worse, it is not just the rod bearings that resulted in complete engine failure. Here is just one thread: https://www.m5board.com/threads/s63-...65-s85.602406/ I know people who have spoken to class-action attorneys but it has not moved forward due to the business model for the attorneys. Too low of a volume of cars sold to make a business case for them. That low volume is also why there is a perceived high percent of cars that have issues. Point of all this is simply to give a sense of why one of the most beautiful cars made in modern times is worth so little, so soon. Demand (thus relative oversupply), reliability, and changing market tastes are all contributing factors. |
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11-17-2019, 03:10 PM | #19 |
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BTW OP, your car's MMR is now $30k (assuming 52k miles), not factoring in any accident adjustments. It's about $27k if you have 64K miles on it. If I was a dealer, I would probably offer at least 10% below MMR due to the accident and because they need to have a margin in case they have to send it to auction. Great for buyers, awful for sellers.
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11-18-2019, 09:20 PM | #21 |
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Unfortunately, manual transmission M6s are not yielding any more money. In fact, they may be actually selling for less because the demand for manuals is virtually non-existent even though we all appreciate them. Maybe 10 years from now they will be worth more than their automatic / DCT counterparts, but hardly investment worthy.
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11-23-2019, 12:14 PM | #22 |
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