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      04-18-2013, 12:15 PM   #23
uhn2000
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Quote:
Originally Posted by RPiM5 View Post
Indeed, this could be true as well.

Keep in mind that the United States is about 7th with the most millionaires per capita in the world, has the most number millionaires in the world (over 5 million) and also has the strongest middle class in the world. So that means there are many people who can afford to throw away several thousand dollars in taxes and depreciation after only a few months of ownership.
Great point I know 2 people that are selling for the sake of change it up.
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      04-18-2013, 12:24 PM   #24
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Quote:
Originally Posted by wingedwheel View Post
I guess alot of people realized the extra $ 25,000.00 for a reconginition badge was not worth it. Now the market is saturated with new and sixth month old cars. I guess some people do have common sense and realize the value of a dollar. Feel sorry for all the suckers who instantly ran out and had to have the first new f 10 m5 that was built. Now the market is saturated with them as the value plummets down ward.
How could they?
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      04-18-2013, 12:30 PM   #25
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Quote:
Originally Posted by racer10
Quote:
Originally Posted by shellbmb View Post
I'm looking at picking up a low mileage 2013 M5 and am just amazed at how many are out there especially compared to the same model year E63. Any thoughts as to why this is? Is this just normal? People just unhappy because they likely had to pre-order and couldn't test drive it? Or are they just that unhappy with some of the issues the car has had?

Just makes me a little nervous to jump in. Appreciate any input.
I suspect that there a number of people who purchased M5's that have the financial means to switch cars often . They take the depreciation hit and move on to the next new car experience . This doesn't mean that there is anything wrong with the M5 , in these cases it simply means "been there, done that" time to move onto the next great car.
If this is the case you would find an equal number of both bmw and mb for sale that are in the same price range. fiscally it is the same demographic.

I think dealers way overestimated the demand for this car. part of the reason why I didn't wait for a post-lci was because the local dealer (and there are 4 bmw dealers in greater Boston) had 7 in their inventory and I'm sure they don't want to have such surplus.

I've never shopped for an mb, but I can't imagine that there are 7 e63 amgs sitting on their showroom floor waiting to be sold. also Maybe the price per gallon does affect the upper middle class and upper 1% to push for a Tesla or a car that does not get 17 mpg
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      04-18-2013, 12:42 PM   #26
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Quote:
Originally Posted by RPiM5 View Post
Indeed, this could be true as well.

Keep in mind that the United States is about 7th with the most millionaires per capita in the world, has the most number millionaires in the world (over 5 million) and also has the strongest middle class in the world. So that means there are many people who can afford to throw away several thousand dollars in taxes and depreciation after only a few months of ownership.
Must also be #1 in dumbest people per capita. Who, even if millionaires buys a car, does 1000 miles in it and sells it?

My theory.....BMW give incentives for individual dealers that sell x many M5's M6's etc per quarter. Just about every UK dealer has an ex BMW owned M5 too. If they don't sell enough of them naturally, they buy them anyway to get the lucrative kick back from BMW AG. Sold with low miles at good discount.
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      04-18-2013, 12:44 PM   #27
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Quote:
Originally Posted by wingedwheel View Post
I'm sorry. The extra $ 17,000.00, plus registration and a very healthy insurance premium. Hope that makes you feel better. You don't even get executive package for $ 97,000.0 and aluminium trim ? LOL. Guess what you can get a helluva deal on M5'S now !
No aluminum trim?
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      04-18-2013, 12:49 PM   #28
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Quote:
Originally Posted by chong0 View Post
Also maybe the price per gallon does affect the upper middle class and upper 1% to push for a Tesla or a car that does not get 17 mpg
This point has stronger validity with every passing month as well. Below is a good article released yesterday about Tesla finally turning a profit for the 1st quarter of 2013. Tesla production is starting to catch up to demand. Turns out that there may be a lot more 1%'ers who would rather opt to buy a $100,000 Tesla Model S, which can outperform an F10 M5 from 0-100mph and not spend any gas doing it. Also consider some of the super rich celebreties and such who all own Toyota Prius's not because they want to save a buck or two on gas, but because it's the trendy thing to do. Even I have to admit that the Tesla Model S looks semi-exotic. Owing to the poor sales of the $50,000 version of the Model S, I now see another reason why there may be so many more F10 M5's sitting on dealer showroom floors. I see more and more Tesla Model S's here in SoCal every month.

In the future I predict that their will be more battles over sales between high end Gasoline Luxury Sedans and Tesla Electric Sedans.


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      04-18-2013, 12:50 PM   #29
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Quote:
Originally Posted by NISFAN View Post
Must also be #1 in dumbest people per capita. Who, even if millionaires buys a car, does 1000 miles in it and sells it?
I'm one of those dummies. I think capricious is probably a better word though.
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      04-18-2013, 01:15 PM   #30
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Quote:
Originally Posted by wingedwheel View Post
I guess alot of people realized the extra $ 25,000.00 for a reconginition badge was not worth it. Now the market is saturated with new and sixth month old cars. I guess some people do have common sense and realize the value of a dollar. Feel sorry for all the suckers who instantly ran out and had to have the first new f 10 m5 that was built. Now the market is saturated with them as the value plummets down ward.
oh, you're the guy!
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      04-18-2013, 01:16 PM   #31
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Quote:
Originally Posted by ///Michael View Post
I'm one of those dummies. I think capricious is probably a better word though.
Indeed

I know a few wealthy people. I find they are typically the shrewdest types and are less inclined to be decadent, especially with cars. One I know has a stable of exotic cars. He buys something new and finds he doesn't quite like driving it, but can't bear to part with it at a huge loss, so adds it to the collection and buys something else. He will still drive it every now and then just to justify the purchase
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      04-18-2013, 02:11 PM   #32
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Quote:
Originally Posted by wingedwheel View Post
I guess alot of people realized the extra $ 25,000.00 for a reconginition badge was not worth it. Now the market is saturated with new and sixth month old cars. I guess some people do have common sense and realize the value of a dollar. Feel sorry for all the suckers who instantly ran out and had to have the first new f 10 m5 that was built. Now the market is saturated with them as the value plummets down ward.
and you better believe I'm loving every second with this car!
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      04-18-2013, 02:15 PM   #33
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Quote:
Originally Posted by bobblehead View Post
Owners could not handle the raw power of the M.

or the wife made an ultimatum that if the hubby keeps on disappearing in the weekends with the M, then he ain't getting some at home.

Hmmm, what would you choose ???
A new wife.
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      04-18-2013, 03:47 PM   #34
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As a counterpoint to the wealthy Americans willing to throw away their cash on depreciation, we also have the other American who over-extedns to get their car and then can't afford to stay in it. Just saying.
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      04-18-2013, 03:58 PM   #35
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Quote:
Originally Posted by wingedwheel View Post
Don't be nervous. The current 2013 M5 owners are dumping them so they can order their 2014-2015 bmw M5 LCI for $ 120,000.00 loaded.
you are out of control. LCI is also lower. I need that for Walmart qualifying trips.
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      04-18-2013, 11:05 PM   #36
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Trading UP?

Personally, I have never seen anything like this current state of fickle, status conscious, socially reactive, cocktail hour trending, etc., when it comes to the current F10 M5. In my area, I am friends with the Service Manager and the Finance Mgr. who constantly tell me the latest story of who is trading in and out of the M5. I hear about the Doctor who has a stable of cars that gets into an M5 and 700 miles later, trades for an M6. This same MD is now tired of his M6 and his wife has her sights on an M6 vert. This just goes on and on business owners, MD's, trust fund babies, etc., that have nothing better to do than drive the latest status symbol.

Reminds of the NFL draft and all of the back door dealing except for the players are wearing jerseys and their worth is generally obvious. The waters will calm and the true believers will be left standing.
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      04-26-2013, 12:43 AM   #37
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BMW saturated the market with these cars. Same thing happened with the E90 M3. I bought my 2008 pre LCI E90 M3 for $51K on a $71K sticker. Car was brand new, but had been sitting on the lot for 9 months. Now dealers are selling M3's near sticker and the low mileage E90's are still in the mid to low $40's.

Just picked up my M5 and got a great deal on it. BMW threw a bunch out on the market since they will have to stop production for the LCI change over.

I also think more than a few people are intimidated by the car judging by the number of discussions about AWD, traction control and the like.
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      04-26-2013, 04:40 AM   #38
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Quote:
Originally Posted by shellbmb View Post
There are 9 within 300 miles of me (central Texas) 3 of which have less than 1000 miles on them according to AT. Then there's another 15 new ones in that same search area. Maybe it's nothing and normal or maybe it's just the area I'm in with large cities nearby. I haven't had a chance to drive one so I'm reserving judgment until I do.

In comparison, there are zero E63's in that same area and only 2 in the US (used 2013 vehicles). 9 if you include 2012.

A new/used search of the USA for both yields 51 E63's and 260 M5's. Were there just that many more M5's produced?

My plan is to drive both, but I just thought the numbers were a little odd given the similarity in the vehicles.

as far as the e63's go, probably because very few people give a shit about the e63, thus very few bought them to begin with, which would then explain why there are much much fewer used ones for sale. when so many m5's are sold, only natural that some people are not going to like it and sell.

when i sold my cls63 i noticed lots of those were up for sale as well... cls - much nicer vehicle than the e63 - more of them probably sold. etc...
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      04-26-2013, 11:44 AM   #39
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i just logged on looking for a thread on what to buy next and stumbled on this. ive got a guy coming to buy mine this am i think, and dont know what i want next... btw 3k miles on it 109k sticker, selling at 95k

i like variety and change, have had it and am ready for something new. just what compares?? maybe e63?
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      04-26-2013, 12:36 PM   #40
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Quote:
Originally Posted by nugent View Post
I think they all traded for a stage 4 550i.
unlike the old generation 2012-2013 M5, I think the all-new M5 2014 might be close to being as good as a stage 4 550i
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      04-26-2013, 12:47 PM   #41
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Quote:
Originally Posted by mainly
Quote:
Originally Posted by shellbmb View Post
There are 9 within 300 miles of me (central Texas) 3 of which have less than 1000 miles on them according to AT. Then there's another 15 new ones in that same search area. Maybe it's nothing and normal or maybe it's just the area I'm in with large cities nearby. I haven't had a chance to drive one so I'm reserving judgment until I do.

In comparison, there are zero E63's in that same area and only 2 in the US (used 2013 vehicles). 9 if you include 2012.

A new/used search of the USA for both yields 51 E63's and 260 M5's. Were there just that many more M5's produced?

My plan is to drive both, but I just thought the numbers were a little odd given the similarity in the vehicles.

as far as the e63's go, probably because very few people give a shit about the e63, thus very few bought them to begin with, which would then explain why there are much much fewer used ones for sale. when so many m5's are sold, only natural that some people are not going to like it and sell.

when i sold my cls63 i noticed lots of those were up for sale as well... cls - much nicer vehicle than the e63 - more of them probably sold. etc...
+1
This is the answer.
There are so few used E63 because no one brought them to begin with.
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      04-26-2013, 12:52 PM   #42
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Quote:
Originally Posted by smashhell View Post
+1
This is the answer.
There are so few used E63 because no one brought them to begin with.
completely agree. The CLS63 killed off demand for the E63 because they are priced so close, but the CLS63 is much nicer.
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      04-27-2013, 04:38 PM   #43
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Quote:
Originally Posted by stealth.pilot View Post
completely agree. The CLS63 killed off demand for the E63 because they are priced so close, but the CLS63 is much nicer.
It's all subjective. I've owned 2 E63's never like the CLS63, hence never bought one.
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      04-27-2013, 08:59 PM   #44
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A little late to post, but trust me, you do NOT need to test drive the 2013 M5 to know that you'll enjoy it. Last week, I had an impromtu race from a red light against what I think was a 2012 Corvette. It was all he could do to keep up with me, and that was with my car in Auto M mode, mid level acceleration. When I eased up because the street that I was on usually has a lot of cops, he was so pissed that he cut me off!! It's worth every penny to enjoy that!! Used or new, it's worth it!!
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