CSL depreciation?

[e46m3c]

Alright Chaps,

What do you rekon the depreciation on a CSl would be.

Say bought a 2004 with 55-60k on it, over 3 years with 15k extra miles. Bought for 25k.

How much do we rekon it would drop. If the car was still kept mint and standard?

Would i expect to get 20k for it after those 3 years? 60k+15 puts it at 75 which is quite high milage so im not sure if depreciation would be higher, or very hard to sell on.

What do you rekon?

Ta

[shimmy]

Over last 4.5 years mine was £33 at 19k miles and if still at 19k miles would probably fetch £36k

A 55-60k car now with warranty/airconditioning is only worth say £23k so if youve paid £25k youve already lost £2k.

IF you put 15k miles on her to 75k miles,and same condition in say 3 years iand maintain a full BMW service history and warranty it will sell for imho around £20-21k. £21k if really good condition.

BUT the secret to getting low depreciation is buying well

[e46m3c]

Not bought yet. Considering chopping my normal 46 m3 in for a csl version as i expect my 46 to drop like a stone.

so we are looking at less than 1k dep a year if purchased well?

[shimmy]

Originally Posted by e46m3c

Not bought yet. Considering chopping my normal 46 m3 in for a csl version as i expect my 46 to drop like a stone.

so we are looking at less than 1k dep a year if purchased well?

currently there seems to be a floor of £20k for CSLs that are not cat c,d or over 100k miles. this may change but as they are very limited numbers it may not.

Funtime bought his for just under £20k at 105k miles or so and most 30-70k mile cars are advertised at £29-22k.

Now what they sell for depends upon lots of other factors but if you look at Nick Johnsons cars you will get a feeling for what a dealer is asking/getting at the top end.

If i was gonna buy a CSL and do 15k miles a year i would get a warrantied car, higher miles that needed some love and attention. If i wasnt to OCD i would do that on sale only and minimise depreciation that way.

I reckon buy for say £23, sell for £20 after spending £1000 on tidying it up at the end

[e46m3c]

Yes nick Johnsons is the one im looking at.

I am fastideous in keeping my cars mint.

Comparitive to my current M.

Rekon its worth about 15k, 54, 46k miles all the options, mint condition and service.

Plus 3 years and 15k miles (7.5 per year max) i rekon i would be lucky to recover 12k for it? Thoughts on this?

[outnumbered]

No way your M3 will be worth £12k in 3 years time in my opinion... It'll be 10 years old then, and there's a lot of 2001 cars advertised for 9K today ! So sub-10K would be my guess, even if it is lower mileage and good condition.

A 25K CSL might lose proportionally less, but it's a lot more expensive to begin with as well. Like shimmy says, I think there will always be a demand for them, and I guess we're all hoping they end up being as desirable long term as the E30M3 is now.

[e46m3c]

Yes im concerned some 2001 models are aronud for 9k. However i have seent he nicer earlier models go for about 12. hopefully by then alot of them will have been wrote off by chavs making them more secure.

Lets round it off to 10k, so thats 5k over 3 years, vs, say 2.5k over 3 years.

So a question is if i can earn 2.5k on an 10k investment in 3 years.

However i want a csl, im just trying to justify the price difference to myself.

And i think im sold

[e46m3c]

Originally Posted by outnumbered

No way your M3 will be worth £12k in 3 years time in my opinion... It'll be 10 years old then, and there's a lot of 2001 cars advertised for 9K today ! So sub-10K would be my guess, even if it is lower mileage and good condition.

A 25K CSL might lose proportionally less, but it's a lot more expensive to begin with as well. Like shimmy says, I think there will always be a demand for them, and I guess we're all hoping they end up being as desirable long term as the E30M3 is now.

Also i see your in reading and so am i. Who do i have to kill to get a ride buddy?

[danp]

I'd guess both would loose similar over say 3 years (1k-ish a year) - but as mentioned I think there is a bit of a floor on CSL prices whereas there are so many M3's they'll just carry on dropping like the E36 did.. (to about 3/4k)

CSL will always have the limited number produced in it's favour, and the fact that many would consider it to be the ultimate incarnation of the Ultimate Driving Machine.

[e46m3c]

Well im back at looking at this again. I wonder if i could still pick one up for 20k? Nothing on PH at the mo without haggling 5k off.

What do we rekon 20k would buy these days?