For anyone that knows about car depreciation really. When do you think would be a good time to buy one?
I was thinking maybe another few months yet.
Basically my mate is looking into buying one in a few weeks for around £20k

Thanks

 

They're going to depreciate pretty rapidly with the E92 coming onto the second hand market.

 

A mate of mine just got a 53 plate M3 with 50k on the clock from BMW for 23k about a month ago.

Personally as mentioned the wrong time to be buying one

However it is a superb car

 

I was looking at a fully loaded cab the other day, 90k paint needed a dam good polish, and it needed front tyres ect for 15k

 

is there every a good time to buy one with the way they deprieciate, lol

but yes 20k will get you a very good one at the moment as there is loads on the market, but be aware in 6-8 months he will lose a chunk of money on it.

 

I'd wait to see what happens to the prices in the new year, give the new M3 time to get out there.

 

When he has enough money to afford the one he wants? Is he more concerned about buying a car or selling it in a year/2 years time?

If he's concerned about depreciation in my opinion he should be more concerned for the person that paid the £40 odd grand for it new

Seriously though, the balls have fallen out of the used car market ESPECIALLY around that price range at the moment. Give it until the new year and he'll be spoilt for choice

 

What year was that? thats a cheap car!

 

You can get them for that money anywhere mate. Maybe a grand or so more but you can get them for 15k no problem.

EDIT: just had a look and you can EASILY get a good one for £15k. Plenty up at £15k so £14k is possible. A couple on there at around £13k-£14k.

 

What a M3 E46 convertable fully loaded I.E. Satnav, Leather SMG Gearbox ect for 15K Show me

 

I missed the 'cab' bit.

 

Theres actually a silver cab on there now for £15k. High miles at 120k, but looks nice with the blue leather and 19's. Thats alot of car for the money if its been well looked after.

 

never mind easy mistake

 

Not really about about losing money on selling it more getting the best one for the outlay. I was thinking he could hold out for a csl at £20k

I've only been out in one but i loved it. Tiptronic box wasnt too smooth.
I'd be looking at them myself for £10-13k lol

 

furkin love them i do

will probably get an E46 when i'm done with the E36 cab i reckon....although i hate buying cars that lose money

i normally tend to at least break even on the cars i own...but with so many around it'd be hard to do with an E46 i think.

 

dont think you will see a csl for 20k for a long time they are going to stay well above 25 imo for the next year at least.And its never a right time to by a bmw m3 you can never predict a crash all i will say is the model to go for without losing a penny would be the left hooker evo models think they are e30

 

as above you wont ever get a CSL for 20k, no where near, 25k maybe next year at a push.

 

if you want one,, just buy one,, theres never the right time to buy a car like these!

 

an e30 m3 will not loose money if bought right and looked after. my mate bought one for 6k and sold it 3 years later for 8k

 

That is cool, I love them. I gotta blag a drive of one!

 

Prob be my next car

But at the end of the day we pump thousands into out fords and mabye hold there money, but the m3 you dont have to touch in terms of fixing etc so its not to bad really, mm cant wait actually, love them

 

they can and do still break tho when driven with a heavy right foot and are more costly than an old shonky ford to fix when it does go bang
would still love one tho and there alot of car for the money