| 01-05-2025, 07:24 AM | #1 |
|
Registered
0
Rep 1
Posts |
Buy and keep long term M8
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! |
| 01-05-2025, 05:43 PM | #2 | |
|
Lieutenant Colonel
 
1930
Rep 1,805
Posts |
Quote:
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. |
|
|
Appreciate
0
|
| 01-05-2025, 06:02 PM | #3 |
|
Lieutenant Colonel
3714
Rep 1,832
Posts
Drives: 2023 G81 M3 Touring
Join Date: May 2012
Location: Melbourne, Australia
|
I’m sorry, but an M8 convertible as an investment
 |
|
Appreciate
2
NickyC19628.50 louielouie763.50 |
| Yesterday, 05:56 PM | #6 | |
|
Private
 
222
Rep 88
Posts |
Quote:
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. |
|
|
Appreciate
0
|
| Yesterday, 07:40 PM | #7 |
|
Major
 
2113
Rep 1,218
Posts |
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. |
|
Appreciate
0
|
| Yesterday, 09:54 PM | #9 | |
|
Captain
 
1178
Rep 995
Posts |
Quote:
__________________
Two is One and One is None
|
|
|
Appreciate
0
|
Post Reply |
| Bookmarks |
|
|
