When can I pickup an E90 M3 for $50k?

[Damage Inc]

Hi all - my self imposed budget for an M3 is $50k (I like for somebody else to take the initial depreciation hit and pay the GG tax). Do you think I'll be able to pick up a low mileage one by fall? If not then I will have to wait until next spring...

I'm not picky on options... only must is black exterior and EDC... thanks!

[reinaldo335]

yes for sure you can get a base sedan with low miles.

[dangoma]

Good Luck! That is all I have to say. These cars are listed as #2/3 on the best residual value cars. If you can find someone willing to sell for 50K in a few months I will be surprised.

[valeram]

I don't know if you can get that price through the dealer. Definitely you can get it through private sale. Someone like (? I can't remember his name) who sold his car because he didn't like the MT. Just lurk to all those M3 forums and who knows, you might get lucky. I just hope that nobody will sell their M3 because of economic reasons. Maybe they just don't like it because they got a better car to buy like Ferrari, Lambo or similar.

[nusevad]

good luck, perhaps a stripped down model with no options that was a floor model/test drive car with a few miles on it.

[win-by-miles]

E46 ?

[darkphantom]

E92 ///M - I HIGHLY doubt it. Rarely see base E92 M3s at the lot let alone see used ones up for sale...g/l...E46 ///Ms though are plentiful

[skierman64]

You might want to look at the salvage yard for a wrecked one at the price. Good luck, happy hunting.

[malter2.0]

by next year higher mileage E90s will easily fetch for 50k. this year....fuggeta bout it.

[drsnooz]

Originally Posted by darkphantom

E92 ///M - I HIGHLY doubt it. Rarely see base E92 M3s at the lot let alone see used ones up for sale...g/l...E46 ///Ms though are plentiful

He's looking for an E90 (Sedan).

[!Xoible]

same time next year

[Damage Inc]

Originally Posted by ///Mantis

same time next year

Yeah, I agree with you. I was thinking next spring for a sedan is very realistic.

[Damage Inc]

Originally Posted by valeram

I don't know if you can get that price through the dealer. Definitely you can get it through private sale. Someone like (? I can't remember his name) who sold his car because he didn't like the MT. Just lurk to all those M3 forums and who knows, you might get lucky. I just hope that nobody will sell their M3 because of economic reasons. Maybe they just don't like it because they got a better car to buy like Ferrari, Lambo or similar.

Yup. Obviously I'm not looking for a new one at this price but for something used maybe 15k miles or something.

After watching the E60 M5's "plunge" in value the first year I want to be a little patient with the M3's pricing.

[Damage Inc]

Originally Posted by dangoma

Good Luck! That is all I have to say. These cars are listed as #2/3 on the best residual value cars. If you can find someone willing to sell for 50K in a few months I will be surprised.

Yup, I read that article in Kiplingers like 4 years ago - SL500 was #1, M3 was #2. I have owned 2 E46 M3's and done extremely well on the TCO. The "sweet" spot (for us resale conscious people) is to buy in year 2 and sell in year 4 to take advantage of the full warranty\maint. which contributes to the high resale.

However much has changed since then. The car is now higher priced (thus fewer buyers), more competition (used M5, ISF, Merc, CTSV, etc), and BMW is trying to sell more cars total than the E46 so there's more on the road.

[ase2dais]

Originally Posted by MojorisinM3

Hi all - my self imposed budget for an M3 is $50k (I like for somebody else to take the initial depreciation hit and pay the GG tax). Do you think I'll be able to pick up a low mileage one by fall? If not then I will have to wait until next spring...

I'm not picky on options... only must is black exterior and EDC... thanks!

good choice! a barebones e90 M3 is for me better than a fully equipped twin-turbo. I thought about it, but after I decided to add ZTP.. then the leather creeped in.. and now I got a e92 coupe instead. far from where I started from

[icemang17]

A total base M3 sedan is around $53500..... so you can come close with a good discount right now on a base model...but thats no fun!!

In a year you should be able to find someone who bought the initial shipments of loaded sedans ($70+K) that might be in a bad spot to sell in that range.....

[!Xoible]

nah u wont get that much of a discount on M cars unless they been sitting there for a while, have no options, and BMWFS really wants to get rid of them. which sounds like December/January. maybe this coming one, but probably the one after.

not selling well? sure, but not THAT much of a discount IMHO. i hope u get a good discount though, would be happy to see a new M3 owner

[Damage Inc]

Originally Posted by icemang17

A total base M3 sedan is around $53500..... so you can come close with a good discount right now on a base model...but thats no fun!!

In a year you should be able to find someone who bought the initial shipments of loaded sedans ($70+K) that might be in a bad spot to sell in that range.....

But then you have GG tax as well... i'd rather wait for a slightly used one with options then get a brand new "stripper".... its just that the wait is not fun!!! I signed up for a bunch of track days with my ZHP to occupy my attention. I need to stay off these boards too

[Hans Delbruck]

If you don't mind a manual transmission, you should be able to take your pick!

I think a lot of you guys are way too optimistic on the M3's resale (at least on the sedan with a 6MT) Just because the E36 and E46 could hold a certain percentage in the past doesn't mean E90/92 will do the same. Resale for ALL high-end cars is taking a beating in "this economy."

There are tons of Jerez Black E90 M3 6MT Sedans sitting on lots across the country. They can't even sell this car NEW, with a discount... Used? Forgetaboutit.

$50K should be the trade-in value of one of those black E90 6MT launch cars, probably around the end of the year, OR even when the '09s come out (about 3 more months) Trade in value is going to be low because it appears there is already an oversupply. I'm sure you can find a private seller willing to sell for just a bit more than trade-in.

Being the first on the block has its price. It's something I'm willing to pay, but I'm not unrealistic about what that means.... been there, done that... lost some dough.... but I had the first Z4 M Coupe! I went to trade it in about 7 months after I bought it and the dealers wouldn't even take it. It was already a "turkey."

[Technic]

Originally Posted by MojorisinM3

Hi all - my self imposed budget for an M3 is $50k (I like for somebody else to take the initial depreciation hit and pay the GG tax). Do you think I'll be able to pick up a low mileage one by fall? If not then I will have to wait until next spring...

I'm not picky on options... only must is black exterior and EDC... thanks!

The best case right now at the right dealer, base E90 M3 could be as low as $52,000 before GGT. So The EDC will add another grand to it, thus $54,300-$54,500 is the best that you could be...

[sayemthree]

look for one of those first M3's that came in on the Courage.

[Jonmartin]

Originally Posted by sayemthree

look for one of those first M3's that came in on the Courage.