[iep]

Hello all,

I'm living in Belgium, and already for some time I want to buy a bmw M series car and keep it as a long term investment.

I want it to be a convertible, so I'm debating between a M4 and and M8
I love the looks of the M8, plus it has a V8, but it's quite big

However I have some questions where I would love to hear your opinion.

1) What is like the sweet spot for buying this type of cars (M4 or M8) when it comes to the best price vs age. What is typical the ideal age for buying these cars (and yes I understand mileage is important as well) as I'm looking at doing an investment, so I'd prefer not to lose a ton of money

2) Is an M4 or M8 future proof? I mean does it many sense to buy this kind of car now and keep it for like 20 years so it becomes an oldtimer. I don't need to make huge profits on the car, but I would hate to lose a lot of money on the value.

3) As this is an M8 specific place, are they certain years for an M8 I should avoid and what are the most common issues/problems these cars have. Are they, generally speaking, reliable?

Happy to hear your inputs!

[RockCrusher]

Originally Posted by iep

Hello all,

I'm living in Belgium, and already for some time I want to buy a bmw M series car and keep it as a long term investment.

I want it to be a convertible, so I'm debating between a M4 and and M8
I love the looks of the M8, plus it has a V8, but it's quite big

However I have some questions where I would love to hear your opinion.

1) What is like the sweet spot for buying this type of cars (M4 or M8) when it comes to the best price vs age. What is typical the ideal age for buying these cars (and yes I understand mileage is important as well) as I'm looking at doing an investment, so I'd prefer not to lose a ton of money

2) Is an M4 or M8 future proof? I mean does it many sense to buy this kind of car now and keep it for like 20 years so it becomes an oldtimer. I don't need to make huge profits on the car, but I would hate to lose a lot of money on the value.

3) As this is an M8 specific place, are they certain years for an M8 I should avoid and what are the most common issues/problems these cars have. Are they, generally speaking, reliable?

Happy to hear your inputs!

The M8 while a very good car -- I own a 2024 M8 Competition Coupe with the CF roof and love driving it -- I seriously doubt it will be an investment.

As an aside I was told convertibles -- at least Porsche Cabriolets -- suffer from horrendous depreciation. It seems only the first buyers are agreeable to paying the initial new price. Subsequent buyers, used car buyers, are not that in love with car. Oh they'll buy one but only if the price is right (low).

Anyhow, I did get a heck of a discount when I bought my new M8 so I hope this will reduce the depreciation some flatten the curve some, but I don't expect to make any money when/if I decide to sell or trade the car.

A problem with these cars is while you can love the car and it ends up 20 years from now in really good shape it is a 20 year old car with 20 year old electronics. If the electronics don't work there's a real high probability spares are no longer available. An M8 or M4 with bum electronics will be useless and of little to no value.

Buy either car you want. Drive the car. Enjoy the car. Take proper care of car. When/if you decide to sell the value of the car will be as good as it can be given the car's age.

I have not owned any BMW for very long. My 2023 M2 I owned for IIRC 18 months and put less than 11K miles on the car in that time.

However, I plan on keeping the M8 for a long time unless it manifests any serious problems under warranty. If it does I'm bailing on the car.

[MJBO]

I’m sorry, but an M8 convertible as an investment

[allBAY]

No M is an investment unless you keep it garaged for 40 years. And not one of them is future proof.

[Nemesis RR]

If you are worried about long term future value don't buy any car.

[MaxVO2]

Originally Posted by Nemesis RR

If you are worried about long term future value don't buy any car.

****100% This. It is remarkably expensive to store and upkeep "Investment grade" cars. Doubtful the M8 would qualify for anything approaching that in the near or even somewhat distant future.

The free market somewhat determines what cars do that, and with certain exceptions - owning cars is a money losing proposition, not just depreciation but replacement parts, service, insurance (even a garage queen...plenty of those in Pacific Palisades, total loss as they were not registered) are kind of risky without insurance - sometimes special collector insurance on agreed upon value, etc.. on cars that are super rare, etc..

Enjoy the car, and move on once it is time to get something else. Unlikely you won't take a huge bath on the value when it is time.

[Slowphiveo]

The only investment is in your happiness. If the car makes you happy and you envision yourself with it forever, then yes it's an investment, but not for financial gains. Cars in general, are terrible investments.

If you want to invest, buy real estate or Bitcoin. Both have been basically printing money for several years now.

[NickyC]

M8 is a great car, but a horrible investment. Just look at depreciation on the things.

[Tejas1836]

Originally Posted by Slowphiveo

The only investment is in your happiness. If the car makes you happy and you envision yourself with it forever, then yes it's an investment, but not for financial gains. Cars in general, are terrible investments.

If you want to invest, buy real estate or Bitcoin. Both have been basically printing money for several years now.

Wait until it drops to $90K, that is the buypoint

[louielouie]

Originally Posted by MJBO

I’m sorry, but an M8 convertible as an investment

I'm convinced this guy is trolling.

[MJBO]

Originally Posted by louielouie

I'm convinced this guy is trolling.

It’s the only rational explanation.

[Slowphiveo]

Originally Posted by Tejas1836

Wait until it drops to $90K, that is the buypoint

Oh, no doubt. I started buying back in 2019, so 90k is way to high for me. I likely will never buy again and just sell off some here and there.

[ShocknAwe]

My opinion is cars are not investments.

I expect zero ROI on any vehicle I purchase.

[Innovade]

Originally Posted by ShocknAwe

My opinion is cars are not investments.

I expect zero ROI on any vehicle I purchase.

Most likely negative ROI

[ShocknAwe]

Originally Posted by Innovade

Most likely negative ROI

Yeah pretty much, expect to lose money. I usually keep my cars for 10y+ though. Can't say I save money doing that since I modify them nonstop. Lose more money. Expensive hobby.

[kudos]

Buying an M8 as an investment of some kind is stupid. You should really be buying an M8 because it's not likely any future car within the same price range will look or feel as good in future.

[Phizzzle]

Don't M8s depreciate like crazy? I remember looking at ones with less than 5k miles selling for nearly $40k off sticker.

[MaxVO2]

Originally Posted by Phizzzle

Don't M8s depreciate like crazy? I remember looking at ones with less than 5k miles selling for nearly $40k off sticker.

***That would be them.

[Prakash]

Initially I was on the market for first M4 vert ( not later than 2020) if I can’t find it then I want to be open in looking for M8 vert , I am seeing M8 verts has very drastic depreciation, I literally saw atleast 30k of the sticker price with one year old status. Investment and car doesn’t go in the same sentence in my $.02.

Ever since I started looking into M8 and did a test drive , I am more off leaning towards it and stopped looking into M4 and also I am planning to keep the car for longer time.

Also this forum is so much awesome and informative there are some posts which go in detail difference between competition and non competition , after reading that I am sticking to get M8 with competition


One more question to other M8er’s anyone ever gone though their M8 painted whole car with different paint ? If yes how much did it cost any inputs are appreciated

[RockCrusher]

Originally Posted by Prakash

Initially I was on the market for first M4 vert ( not later than 2020) if I can’t find it then I want to be open in looking for M8 vert , I am seeing M8 verts has very drastic depreciation, I literally saw atleast 30k of the sticker price with one year old status. Investment and car doesn’t go in the same sentence in my $.02.

Ever since I started looking into M8 and did a test drive , I am more off leaning towards it and stopped looking into M4 and also I am planning to keep the car for longer time.

Also this forum is so much awesome and informative there are some posts which go in detail difference between competition and non competition , after reading that I am sticking to get M8 with competition


One more question to other M8er’s anyone ever gone though their M8 painted whole car with different paint ? If yes how much did it cost any inputs are appreciated

Never had a car repainted.

A post factory paint job is expensive. And cars that have been repainted are generally given a lower market value. The paint job suggests body or paint damage was the reason for the paint job.

But of course it is your car and you can do with as you see fit. (I have read of more exotic cars being subjected to a full repaint the owner wanting the car in a different color and willing to pay for it. In one case the new owner of used Porsche Carrera GT had the car repainted right after buying it.)

Best advice I can offer is search out the most highly rated body/paint shop in your area -- and you may want to increase in size your search area way beyond just your "area" because you want the best shop to paint the car -- and get a quote.

[MaxVO2]

Originally Posted by Prakash

Initially I was on the market for first M4 vert ( not later than 2020) if I can’t find it then I want to be open in looking for M8 vert , I am seeing M8 verts has very drastic depreciation, I literally saw atleast 30k of the sticker price with one year old status. Investment and car doesn’t go in the same sentence in my $.02.

Ever since I started looking into M8 and did a test drive , I am more off leaning towards it and stopped looking into M4 and also I am planning to keep the car for longer time.

Also this forum is so much awesome and informative there are some posts which go in detail difference between competition and non competition , after reading that I am sticking to get M8 with competition


One more question to other M8er’s anyone ever gone though their M8 painted whole car with different paint ? If yes how much did it cost any inputs are appreciated

****Unless you already own the car and want it for sentimental reasons, etc.... It is *extremely* expensive to repaint a complete car, especially a different color than what it was - at least to do it right. In my area, a complete re-spray will be *minimum* $15k in a different color, assuming no significant bodywork needs to be done. Some paints/colors are also much more expensive than others and require expertise in application.

A re-sprayed car will lose value versus having intact and good condition original paint - unless it is some kind of resto car/classic.

Almost always cheaper to buy the car in whatever color you want or have it wrapped if you want a different color, etc..