330dcoupe Posted January 16, 2011 Report Share Posted January 16, 2011 but last night, I had a lend of a e92 M3 for about 2 hours - and I fell in love with it. I want one. Badly. The problem is, I own my own businesses and have covered 14k miles in 10 months in the 330d. I'm looking for a house at the minute. I have astronomical nursery fee's to pay. My income depends on how well the businesses do on a weekly basis, so there is no fixed or certain income. My wife will probably divorce me. But that V8 is dreamy. Ah, f*ck. Link to comment Share on other sites More sharing options...
garcon magnifique Posted January 16, 2011 Report Share Posted January 16, 2011 You're being stupid. (They are lovely, but they're also a fecking millstone financially like anything else just as lovely ) Link to comment Share on other sites More sharing options...
m4ttm4son Posted January 16, 2011 Report Share Posted January 16, 2011 You're being stupid. (They are lovely, but they're also a fecking millstone financially like anything else just as lovely ) +1 Keep borrowing it Link to comment Share on other sites More sharing options...
NewNiceMrMe Posted January 16, 2011 Report Share Posted January 16, 2011 (edited) Question answered by the sound of it. Don't do it. M3's are not just about the purchase cost - any car of that ilk isn't cheap to run and when you're getting £600-900 services and spending £1,000 on a set of tyres every 12,000 miles - it soon dawns on most people that the cost of purchase is just the start of it. Then you're going to get 19-24 mpg or thereabouts depending on how you drive it, and if you take the mid-ground at current petrol prices then 22 mpg at 14,000 miles per annum then that's £3,600 per year in fuel - or £70 per week absolute minimum at 270 miles a week. I've owned 2 x E46 M3's and now the 6 which I've had 5 years. I'm going to be perfectly honest and say that if I had to really think about MPG or servicing costs I'd have never bought any of them. If I thought there was any doubt I couldn't afford any of them or that it would change a single element of my life, I'd have not bought them. If you're having to 'think' about financial risk, it's a no brainer and you don't buy, in my opinion. Edited January 16, 2011 by MrMe Link to comment Share on other sites More sharing options...
JamesCB Posted January 16, 2011 Report Share Posted January 16, 2011 Tread carefully. Not worth risking your family's comfort on a car. Link to comment Share on other sites More sharing options...
DHA Posted January 16, 2011 Report Share Posted January 16, 2011 The V8 mpg is worse than 19-24 if you regularly do any town driving. Link to comment Share on other sites More sharing options...
NewNiceMrMe Posted January 16, 2011 Report Share Posted January 16, 2011 It wouldn't surprise me, I'm just trying to give a range he might expect. I get 21.9 mpg out of the 6 and have done ever since the day I bought it, and that's got an extra 400 cc but obviously isn't in the same state of tune and is 67 bhp less. I don't think 19-24 mpg should be too optimistic if the car enjoys a mix of journeys and enthusiasm though. Link to comment Share on other sites More sharing options...
Mr Man Posted January 16, 2011 Report Share Posted January 16, 2011 Tread carefully. Not worth risking your family's comfort on a car. +1....a friend bought a new M3 2 yrs ago.....virtually every option box ticked.....60k on the road....Now he`s not short of a few quid...but along came a new born baby and he`s just chopped it in for a new BMW X5.....He covered less than 9k in 2yrs and when he told me he`d traded it in I had a quick nose at the dealers website...It was up for 39k....that said the dealer had sold the car to customer based in London within the week. Link to comment Share on other sites More sharing options...
NewNiceMrMe Posted January 16, 2011 Report Share Posted January 16, 2011 I'd say that £39k 2 year old M3 was bloody expensive too. E92 M3's have taken a battering. There is one at Halliwell Jones BMW for £34,995 with 10,000 miles on it (2008). Plus, you'll regularly find them sub £30k at dealers with 30k-ish on the clock. If you go the independent route it is even better pickings - with a stunning E92 M3 Convertible in grey with red leather and a hell of a spec, 19,000 miles, 2008, yours for £34,980. They're not a car to be paying over the odds for, or buying new, because of how much money they have been dropping. Link to comment Share on other sites More sharing options...
theduisbergkid Posted January 16, 2011 Report Share Posted January 16, 2011 If you're fretting about how to afford it, if you buy it you'll be fretting about fuelling it, insuring it, repairing/servicing it, leaving it anywhere, the residuals, getting robbed for it, kids puking in it, wife pranging it, scrotes keying it, etc etc etc.... Have you seen how little E46 M3s go for nowadays ? 99% of the fun for 25% of the cost... Link to comment Share on other sites More sharing options...
Mr Man Posted January 16, 2011 Report Share Posted January 16, 2011 I'd say that £39k 2 year old M3 was bloody expensive too.E92 M3's have taken a battering. There is one at Halliwell Jones BMW for £34,995 with 10,000 miles on it (2008). Plus, you'll regularly find them sub £30k at dealers with 30k-ish on the clock. If you go the independent route it is even better pickings - with a stunning E92 M3 Convertible in grey with red leather and a hell of a spec, 19,000 miles, 2008, yours for £34,980. They're not a car to be paying over the odds for, or buying new, because of how much money they have been dropping. Ironically he traded it in at Halliwell Jones....Llandudno Junction North Wales...just a had a quick look at their site and their trying to flog an 08 M3 with 20k on the clock for £37,980....that said what their tryng to sell it for and what it eventually goes for is a different matter......I know it`s off topic but my friend must have taken a 25k hit for 9k miles. What really got me was that he never used the car.....he drove to work in an old Polo....God knows why as he only had a 10 mile commute across Anglesey and he could park up in his own private car park Link to comment Share on other sites More sharing options...
330dcoupe Posted January 16, 2011 Author Report Share Posted January 16, 2011 Thanks for all the feedback. So the general consensus is 'don't do it'! Although I would be stupid to run the car as a daily drive - it would, it seems, be a not-so-wise buy for a second car; When I consider it's costs for just standing in one place for 4-5 days of the week - whilst I'm spending money on a daily drive too. As you know, I'm looking for a 2nd car to take the miles off the 330d, but that's a different matter as the BM is fairly cheep to run...even as a daily drive. Don't get me wrong - on a weekly/monthly basis, I earn anything from decent money to fantastic money (unless it's approaching Christmas and I don't pay myself for 2 weeks!) - but the way the economy is at the moment and considering my 'service' - which is fast food (sandwich bars and a fish and chip shop) there's allot of uncertainty and inconsistency with sales at the moment. Allot of people are cutting back- what with job insecurity, rising taxes and living expenses - so as much as I know I could definitely afford one - I'm not sure what the future holds for me. I'm glad I asked the question - otherwise I would have been at BMW tomorrow. Not now. But one day, Soon, I hope, a V8 M3 will be mine. :D Link to comment Share on other sites More sharing options...
Andrew Posted January 16, 2011 Report Share Posted January 16, 2011 I did a thread about E92 running costs: http://www.tyresmoke.net/forum/bmw-m-forums/128465-e92-m3-running-costs.html I'm seriously considering buying one but have yet to have a test drive. Hopeing next Sunday I get to try one - the dealer emailed me to tell me he has one coming in (although in white so I'll not be buying it). I'd not use it too much; about a tank of petrol a month I'd have thought as it would be a second car. Link to comment Share on other sites More sharing options...
Mook Posted January 17, 2011 Report Share Posted January 17, 2011 It could be worse. I know someone who went to look at a Carrera S on Friday and ended up with a GTS on loan for the whole weekend. The text message went something along the lines of "oh I'm in so much trouble. I want one"... Do NOT have an extended test drive in the E92 Link to comment Share on other sites More sharing options...
Chick Posted January 17, 2011 Report Share Posted January 17, 2011 My advice would be .... don't even go look, do not search BMW UK websites, use their configurator and most importantly do not go and see one that is actually for sale Link to comment Share on other sites More sharing options...
Mook Posted January 17, 2011 Report Share Posted January 17, 2011 So you've signed up for an X5 then Faye... Link to comment Share on other sites More sharing options...
Chick Posted January 17, 2011 Report Share Posted January 17, 2011 havn't signed anything ....... I am however, resigned to the fact it is ridiculous having to take two cars whenever we take all four kids out so a vehicle with the 7 seat option, and I'm not ready to join the touran club no matter how fab my friend thinks hers is Link to comment Share on other sites More sharing options...
Mook Posted January 17, 2011 Report Share Posted January 17, 2011 Get a Volvo XC90 or a Land Rover Discovery Oh no, hang on. X5 is more your thing Link to comment Share on other sites More sharing options...
m4ttm4son Posted January 17, 2011 Report Share Posted January 17, 2011 I think Touran's are great. I abhor kiddy carriers and Chelsea Tractors, but it looks like a giant Lupo :D Link to comment Share on other sites More sharing options...
patently Posted January 17, 2011 Report Share Posted January 17, 2011 330dcoupe - unless you're on your own and don't put huge miles on your car, these things are only sensible as second cars. That way, if the tyres (/insurance/servicing/whatever) need doing and you're short of cash, it goes in the garage and waits until you can. That way, you can also choose with complete freedom. No need to be able to fit the weekly shopping in, or kiddie seats, or the 2 tonnes of luggage she needs for an overnight stay. You could try (say) a nice 911 plus a sensible BMW diesel? (don't look at the sig...) Link to comment Share on other sites More sharing options...
Chick Posted January 17, 2011 Report Share Posted January 17, 2011 sorry, didnt mean to swerve off-topic .... back to the M3 : possibly not the best advice but in the mood I'm in - feck it, you only live once - if you want one, get one Link to comment Share on other sites More sharing options...
patently Posted January 17, 2011 Report Share Posted January 17, 2011 feck it, you only live once - if you want one, get one Nah. When he's 82, and sitting in his chair surrounded by dozens of other elderly residents all whinging about it being fish fingers tonight and why isn't there anything decent on telly these days, he'll need something to take his mind elsewhere. A little bit of extra cash sitting in the bank, waiting for him to die so that the taxman can swipe it, will do that far better than fond memories of thrashing an M3 round the 'Ring... Link to comment Share on other sites More sharing options...
Andrew Posted January 17, 2011 Report Share Posted January 17, 2011 Plus, and this is something that of course should not be overlooked, you can always sell it. It is an investment of cash after all, albeit a pretty bad one!! Link to comment Share on other sites More sharing options...
Mook Posted January 17, 2011 Report Share Posted January 17, 2011 Ah yes, those famous "investments", where you invest your hard-earned and get negative interest Link to comment Share on other sites More sharing options...
Andrew Posted January 17, 2011 Report Share Posted January 17, 2011 No different to a 3% savings account after you factor in inflation!! Well ok, maybe a bit different ... Link to comment Share on other sites More sharing options...
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