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      03-20-2018, 04:52 PM   #1
username8701
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2014 BMW M5 Competition Pkg Pricing

hey guys...Thinking of picking this up.. 10.5K miles only. They asking for $61k. Think thats a rip off???
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      03-21-2018, 02:24 AM   #2
AWF10M5
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pass too high
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      03-21-2018, 02:32 AM   #3
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Originally Posted by AWF10M5 View Post
pass too high
Can you explain why please and what is a good buy for that mileage and year.
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      03-21-2018, 11:29 AM   #4
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Quote:
Originally Posted by username8701 View Post
Can you explain why please and what is a good buy for that mileage and year.
You can find a 14' for less money; I'm not sure what $61K includes in terms of warranty if any at all.

With that said $61K for a 14' is on the high side despite the low mileage; check auction values on 14' to have a better idea of what you can expect to pay.
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Last edited by josec70; 03-21-2018 at 11:46 AM.
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      03-22-2018, 08:41 PM   #5
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Quote:
Originally Posted by username8701 View Post
Can you explain why please and what is a good buy for that mileage and year.

Hi,

Here is another 2014 with 27K Miles for $52K

https://www.autotrader.com/cars-for-...&modelCode1=M5

Is the difference in mileage worth $10K?
If not then it's too high.
This one also has Comp package.
It has everything besides Night vision and MCCBs.
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      03-23-2018, 12:24 AM   #6
username8701
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Quote:
Originally Posted by rsuhandy View Post
Quote:
Originally Posted by username8701 View Post
Can you explain why please and what is a good buy for that mileage and year.

Hi,

Here is another 2014 with 27K Miles for $52K

https://www.autotrader.com/cars-for-...;modelCode1=M5

Is the difference in mileage worth $10K?
If not then it's too high.
This one also has Comp package.
It has everything besides Night vision and MCCBs.
Quote:
Originally Posted by rsuhandy View Post
Quote:
Originally Posted by username8701 View Post
Can you explain why please and what is a good buy for that mileage and year.

Hi,

Here is another 2014 with 27K Miles for $52K

https://www.autotrader.com/cars-for-...;modelCode1=M5

Is the difference in mileage worth $10K?
If not then it's too high.
This one also has Comp package.
It has everything besides Night vision and MCCBs.
Wow.. nice find.. thanks
Honestly to me it is . Especially when I consider resale value. Knowing myself, I'll keep the car for less that 2.5 years or so..
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      03-23-2018, 01:22 AM   #7
rsuhandy
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Quote:
Originally Posted by username8701 View Post
Wow.. nice find.. thanks
Honestly to me it is . Especially when I consider resale value. Knowing myself, I'll keep the car for less that 2.5 years or so..
If it is to you then go for it.
You won't get it back in resale though.
Most buyers won't care about the mileage difference after cars are more than 5 years old (within reason of course). Even if you didn't drive the car at all for the next three years, you'd still have an approximately $35K M5.
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      03-23-2018, 01:49 AM   #8
username8701
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Quote:
Originally Posted by rsuhandy View Post
Quote:
Originally Posted by username8701 View Post
Wow.. nice find.. thanks
Honestly to me it is . Especially when I consider resale value. Knowing myself, I'll keep the car for less that 2.5 years or so..
If it is to you then go for it.
You won't get it back in resale though.
Most buyers won't care about the mileage difference after cars are more than 5 years old (within reason of course). Even if you didn't drive the car at all for the next three years, you'd still have an approximately $35K M5.
True but not all the way. Seen 13's with 50k+ mileage go for high 40's. I think prices will hold up even better now that the F90's r out. Lesser mileage f10's would be sought after due to warranty still available on the car.
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      03-23-2018, 02:31 AM   #9
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Quote:
Originally Posted by username8701 View Post
True but not all the way. Seen 13's with 50k+ mileage go for high 40's. I think prices will hold up even better now that the F90's r out. Lesser mileage f10's would be sought after due to warranty still available on the car.
Lesser mileage cars do hold more value, but that usually means less than 30K miles (Currently). BTW, most 2014s run out of factory warranty this year or have already run out; so not sure how that would be a factor in 2.5 years. Even if you plan on buying an extended warranty it doesn't add up.
By all means if it's worth it to you, go for it. Just saying the average buyer won't see it that way.

Also 2013 M5's are only 5 years old and are selling at auction for around $36K.
Unless you think they won't depreciate anymore, then at 6 years old they will go for between $33K-$36K at auction.
So maybe I overstated that you would have a $35K car and I'll change my estimate to $40K for a low mileage 2014 in 2.5 years.

Last edited by rsuhandy; 03-23-2018 at 02:37 AM.
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      03-27-2018, 04:23 PM   #10
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A 14 just sold at auction white on full Sakhir, competition, ccb, drivers assistance, exec, b/o sound, performance display steering wheel, cf with 58k miles for 38k.

Funny thing is I saw this car at bmw dealer for 46k it disappeared and went to auction and sold for that little. A dealer in NC has it now for 47k lol.

Deals to be had
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      03-27-2018, 04:35 PM   #11
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Quote:
Originally Posted by rsuhandy View Post
Lesser mileage cars do hold more value, but that usually means less than 30K miles (Currently). BTW, most 2014s run out of factory warranty this year or have already run out; so not sure how that would be a factor in 2.5 years. Even if you plan on buying an extended warranty it doesn't add up.
By all means if it's worth it to you, go for it. Just saying the average buyer won't see it that way.

Also 2013 M5's are only 5 years old and are selling at auction for around $36K.
Unless you think they won't depreciate anymore, then at 6 years old they will go for between $33K-$36K at auction.
So maybe I overstated that you would have a $35K car and I'll change my estimate to $40K for a low mileage 2014 in 2.5 years.
Yup and its like buying a low milage R8 or something and driving it to 30,40,50k... You are gutting the value it holds paying over 60k..

Sadly 2014-2015s have way more fall left in them.

Quote:
Originally Posted by AWF10M5 View Post
A 14 just sold at auction white on full Sakhir, competition, ccb, drivers assistance, exec, b/o sound, performance display steering wheel, cf with 58k miles for 38k.

Funny thing is I saw this car at bmw dealer for 46k it disappeared and went to auction and sold for that little. A dealer in NC has it now for 47k lol.

Deals to be had
I know so many friends in the car business with dealerships that took fliers on F10s/M6s and are getting killed having to sit on them.
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