General Car M3 ownership

[rapter]

So up here in Canada, after we are taxes 15 times and F#*ked sidways the bottom line price our the dealership door for a 2011 M3 is around 75,000 ( 85,000 with tax).

For me this is a dilemma,

1. I am avid enthusiast of BMW's and want something really special to drive
2. I am really on the fence of my recent deposit on the 1 series -m -coupe as the car's interior and general finishes are not especially high quality. That said, the 1 series m coupe is set to be about $50,000 (62 with taxes) up here in the north.

What I am getting at is the following: Spending the $62 vs the $80... will I see a decent resale value of an M3 vs a M1 ???? I am well aware that either way it is money in the toilet, its just how much money one wants to flush.

What is the general consensus of ownership?

[ihyln]

First off, if you are looking for something special to drive the 1M Coupe is not it. It's a 135i with a LSD and a bodykit. I know I might catch some flak for this but it's the honest truth.

I've had one of the first sedans in the US back in 2008 and I still love the car to this very day

[Alex_bm]

How did you figure out the 50k price tag for 1M, very curious?
In US the difference is 9k between 135 vs 1M. My projection is at least 55CAD

Originally Posted by rapter

So up here in Canada, after we are taxes 15 times and F#*ked sidways the bottom line price our the dealership door for a 2011 M3 is around 75,000 ( 85,000 with tax).

For me this is a dilemma,

1. I am avid enthusiast of BMW's and want something really special to drive
2. I am really on the fence of my recent deposit on the 1 series -m -coupe as the car's interior and general finishes are not especially high quality. That said, the 1 series m coupe is set to be about $50,000 (62 with taxes) up here in the north.

What I am getting at is the following: Spending the $62 vs the $80... will I see a decent resale value of an M3 vs a M1 ???? I am well aware that either way it is money in the toilet, its just how much money one wants to flush.

What is the general consensus of ownership?

[rapter]

Originally Posted by Alex_bm

How did you figure out the 50k price tag for 1M, very curious?
In US the difference is 9k between 135 vs 1M. My projection is at least 55CAD

My $50,000 CND dollar is a approximate extrapolation +/- $5000.00 will not make a tremendous difference.

[rapter]

how about I ask it this way...

How does a poorer man buy himself $20,000 more car then he intended himself to buy???

Obvious answers not necessary....thanks

[rapter]

Originally Posted by ihyln

First off, if you are looking for something special to drive the 1M Coupe is not it. It's a 135i with a LSD and a bodykit. I know I might catch some flak for this but it's the honest truth.

I've had one of the first sedans in the US back in 2008 and I still love the car to this very day

i totally agree with you.. 1 series m coupe is no big deal

[Gearhead999s]

I would bet that a properly equipped 1M will be $60-65000 in Canada and a E92 M3 equipped the same will be about $20000 more.My 08 listed at $83000 and I expect my 11 will be close to $90000 at msrp + taxes.The 1M is nothing more than a 135 with a performance & body kit.It should not be considered a real "M" imo!

[rapter]

In your opinion which is the best financial option for this particular type of car?

1. Finance or Lump sum purchase this car and then sell it for a depreciated value in 3- 4 years?

2. Lease it?

3. Lump sum lease it?

[Gkap]

Originally Posted by Gearhead999s

My 08 listed at $83000 and I expect my 11 will be close to $90000 at msrp + taxes.

It will be, my loaded 2011 M was in that price range.

[dpsfm3]

I understand your frustration. i have family in canada. Here in the US you can pick up a new loaded M3 coupe for about $67-$69K + tax, so $80K basically.

It amazes me how screwed up the pricing in Canada is. The dollar is fricken even with the US! They have you by the balls.

To answer your financial question -- it all depends, but at 0.09% financing it's a no brainer if you ask me (not sure if they offer that in canada).

[bkwon327]

Originally Posted by ihyln

First off, if you are looking for something special to drive the 1M Coupe is not it. It's a 135i with a LSD and a bodykit. I know I might catch some flak for this but it's the honest truth.

Totally agree. Problably another reason why it's called '1-Series M'.
Its got the same engine(no inc displ than 135), LSD, bodykit and ZPC rims...

[Prince_of_Persia]

Originally Posted by rapter

So up here in Canada, after we are taxes 15 times and F#*ked sidways the bottom line price our the dealership door for a 2011 M3 is around 75,000 ( 85,000 with tax).

For me this is a dilemma,

1. I am avid enthusiast of BMW's and want something really special to drive
2. I am really on the fence of my recent deposit on the 1 series -m -coupe as the car's interior and general finishes are not especially high quality. That said, the 1 series m coupe is set to be about $50,000 (62 with taxes) up here in the north.

What I am getting at is the following: Spending the $62 vs the $80... will I see a decent resale value of an M3 vs a M1 ???? I am well aware that either way it is money in the toilet, its just how much money one wants to flush.

What is the general consensus of ownership?

had a dilema between a 335 and M3, decided to get a CPO M3. never regreted my decision (at least for the 1.5 weeks i have owned my car )

[valeram]

Maybe you should get a CPO E9xM3 instead.

[F82_SID]

Originally Posted by ihyln

First off, if you are looking for something special to drive the 1M Coupe is not it. It's a 135i with a LSD and a bodykit. I know I might catch some flak for this but it's the honest truth.

I've had one of the first sedans in the US back in 2008 and I still love the car to this very day

Amen! Finally someone with the balls to say it how it is

[F82_SID]

Originally Posted by rapter

In your opinion which is the best financial option for this particular type of car?

1. Finance or Lump sum purchase this car and then sell it for a depreciated value in 3- 4 years?

2. Lease it?

3. Lump sum lease it?

Personally I like the BMW select program. If you want a 1k + payment a month then go with traditional financing but with the Select program, you get all the same benefits of traditional financing with a much lower payment. However, you do have a lump sum that is due at the end of the term but you can turn around and finance that lump sum. Yes you will most likely be paying on your car a little longer but when you are talking 80k for a car, I dont think paying payments for an extra year or two is that big of a deal and well worth it.

[Chowster]

Originally Posted by Gkap

It will be, my loaded 2011 M was in that price range.

My E90 was just under $90k MSRP (before the Sept 2010 price increase), without the premium package, basically has everything else. I think fully loaded MSRP is close to $93-94k + tax. And of course factor in whatever discount you can negotiate.

Purchase/lease/finance is totally personal, depending on your family/business financial situation. No one can really tell you which one is best for you.

0.09% financing??? Not up here. We can compete with that with out 7.89% lease rate! LOL.

[joelk]

Originally Posted by ihyln

First off, if you are looking for something special to drive the 1M Coupe is not it. It's a 135i with a LSD and a bodykit. I know I might catch some flak for this but it's the honest truth.

I've had one of the first sedans in the US back in 2008 and I still love the car to this very day

that is simply incorrect.

they've raided the m3 parts bin, reflashed the engine, and created the 1m on a shoestring budget. sure the turbo sucks ... but guess what? the new M engines will have turbos eventually...

it just shows insecurity to trash the car. all reviews from respected automotive journalists have said it is a special car w/ serious fun factor. However, there's no way bmw will let it out perform the m3 ... so relax and at least appreciate the car for what it is.

btw, i have an order placed for an e90 m3. i chose it over the 1m.

from bmw:

"an aluminum suspension originally conceived for the current- generation M3"

"Virtually all of the front-end components are aluminum, including the front struts, swivel bearings, central subframe and an additional thrust panel below the engine"

"Virtually every detail on the five-arm rear axle is made of aluminum and is new ... including aluminum dampers"

" suitably powerful braking system ... was originally developed for the current-generation BMW M3"

http://www.bmwusa.com/Standard/Conte...M/default.aspx

[ihyln]

Originally Posted by joelk

that is simply incorrect.

they've raided the m3 parts bin, reflashed the engine, and created the 1m on a shoestring budget. sure the turbo sucks ... but guess what? the new M engines will have turbos eventually...

it just shows insecurity to trash the car. all reviews from respected automotive journalists have said it is a special car w/ serious fun factor. However, there's no way bmw will let it out perform the m3 ... so relax and at least appreciate the car for what it is.

btw, i have an order placed for an e90 m3. i chose it over the 1m.

from bmw:

"an aluminum suspension originally conceived for the current- generation M3"

"Virtually all of the front-end components are aluminum, including the front struts, swivel bearings, central subframe and an additional thrust panel below the engine"

"Virtually every detail on the five-arm rear axle is made of aluminum and is new ... including aluminum dampers"

" suitably powerful braking system ... was originally developed for the current-generation BMW M3"

http://www.bmwusa.com/Standard/Conte...M/default.aspx

I understand car reviewers raving about its fun factor and if I had the chance to drive it I'd agree with them but it's still not a M by anyones standards except BMW.

I'm not insecure because I seriously considered trading in my E90 for it. But after the shock of possibly getting a M1 wore off and the true specs were released the excitement faded. What BMW is doing is simply cashing in and limiting the car to what it can do. And no, I don't for a second believe BMW should gut M3 sales by making the 1M better but the whole dog and pony show in little bits to drum up excitement when they did nothing other than what Porsche does on a regular basis which is just fill in model gaps.

[Gearhead999s]

Originally Posted by Gkap

It will be, my loaded 2011 M was in that price range.

Finally got the proper bill of sale on my car with the special order items included and indeed it is over $90000 with list coming in at $94275All this on a day where Porsche announced a lowering of Canadian pricing

http://www.auto123.com/en/news/car-n...s?artid=126381

[Mr. ///M3 RD]

Originally Posted by rapter

So up here in Canada, after we are taxes 15 times and F#*ked sidways the bottom line price our the dealership door for a 2011 M3 is around 75,000 ( 85,000 with tax).

For me this is a dilemma,

1. I am avid enthusiast of BMW's and want something really special to drive
2. I am really on the fence of my recent deposit on the 1 series -m -coupe as the car's interior and general finishes are not especially high quality. That said, the 1 series m coupe is set to be about $50,000 (62 with taxes) up here in the north.

What I am getting at is the following: Spending the $62 vs the $80... will I see a decent resale value of an M3 vs a M1 ???? I am well aware that either way it is money in the toilet, its just how much money one wants to flush.

What is the general consensus of ownership?

In 2005 I fell in love wit a 2002 ///M3 at a Vancouver Dealership. At the time I drove a Mercedes 300 Series AMG as my fun car.

I decided to purchase the 2002 ///M3 it was fully loaded and returned after a 3 year lease with only 28,000 KM on the clock. I purchased that car for $53,000- plus GST (only since I then lived in Alberta). Now I purchased this car since it was in excellent condition and it was a BMW certified car.

I just sold this ///M3 here in Ontario for $25,000- (at that time of sale the car had 68,000 KM on the odometer) since my wife was after me regarding the traffic jam in our drive way

Now why am I all telling you this is ...

1) You like a ///M3 so you should get yourself one.
2) I agree a new one is as others said around $75K to $85K (depending on the options you pick).
3) Des it have to be a new one? No it does not have to be a new one.

You see the BMW like most European cars are build for speed on the Autobahn (or similar highways in Europe). Here in North America as you know we are limited to speed limits. So the most you ever drive is around 120 KM to 130 KM / hour or let us say 160 KM / hour when you overtake a truck or someone else etc. So the short and long of it is you can find yourself a nice equipped and in great condition (the BMW is a well build car and you cannot go wrong with a certified car from BMW) ///M3 for around $55,000- to $60,000- one that was made in 2009 I would say it will feel just like a new one, you will see. As you know if you get a new one and lay $85K on the table ... the moment you leave the showroom the value dropped to say $78K to $75K.

You can always get a new one later in life it be much more fun to have a plan to look forward to don't you think? In the meantime you should get what you like that ///M3

So best of luck to you with your decision.

[Mr. ///M3 RD]

Originally Posted by dpsfm3

I understand your frustration. i have family in canada. Here in the US you can pick up a new loaded M3 coupe for about $67-$69K + tax, so $80K basically.

It amazes me how screwed up the pricing in Canada is. The dollar is fricken even with the US! They have you by the balls.

To answer your financial question -- it all depends, but at 0.09% financing it's a no brainer if you ask me (not sure if they offer that in canada).

+1

Then BMW does not allow us to purchase a car in the USA, what is that all about. However, I read there are ways to get around this.

A neighbour of mine here purchased a Harley in the US then his friend drove him to the US on weekends they drove there bikes and eventually he brought his Harley home to Canada I think he save some $5,000- doing this.

[rapter]

Originally Posted by Rolf-Dieter

1

Then BMW does not allow us to purchase a car in the USA, what is that all about. However, I read there are ways to get around this.

A neighbour of mine here purchased a Harley in the US then his friend drove him to the US on weekends they drove there bikes and eventually he brought his Harley home to Canada I think he save some $5,000- doing this.

First question: do we know If BMW canada is going to offer any lower lease/ financing rates on the //m cars?

Second: I very much respect your perspective. Perhaps it is worth my while to look into a CPO series //m3. How bad can they be as they are still under full warrantee.