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Alf McQueef

Main dealer premium

I have been keeping an eye on certain cars for a few months now with some saved searches in Autotrader - mostly the original triumvirate of C63, E9X M3 (not that many of these ever come up), and ISF. Just for market intelligence purposes, obviously.

It's clear that at this end of the market - the very quick, desirable engine end - values are strong. But this pairing is amusing, the private car looks very nice, and main dealer one very expensive (the "2 years free servicing" tag is new, but who cares - its not worth much):

http://www.autotrader.co.uk/classified/advert/201405264508197/

http://www.autotrader.co.uk/classified/advert/201405284539956/

Personally I would not want to pay £6250 extra for a less desirable colour at a similar age/mileage!

I have also noticed a lot of main dealers - especially some Merc ones - taking truly shockingly poor quality photographs, not just with a phone but clearly a crappy one. How difficult is this, in an age then a £150 compact camera takes a great shot?
Tim

At those prices you'd go for the better looking private car, although the lack of a photo of the driver's seat bolster always concerns me slightly.
gonnabuildabuggy

Didn't realise the ISF was a 5.0 V8.

Very tempting at the price of the private car. Would be ideal for you? (Jap reliabiity, depreciation already done quite a bit off).
Parm

I've been looking at these too, but am holding out for a 2010 or 2011 car. A mechanical LSD was fitted to 2010 cars, whilst 2011 cars added improved dampers, to make the ride more compliant. Test drives of cars with these updates (see You Tube & EVO) suggest they transform the car considerably.
Alf McQueef

The issue for me is that ISF's are about what I thought M3's and C63's would be, the latter are much more.

XFR's are the bargain, but a bit big for me...
Martin

Yes, based on that premium it doesn't make sense to buy from the dealer.  The price premium on the Boxster wasn't anywhere near that and it was negated when you added the value of the 2 year warranty, the condition of the car was all bonus.

I've never been keen on the ISF, I'm surprised they hold their value so well.

The XFR is very good value and I do like the facelifted car, it would either have to be one of those or an M5 for me if I was looking for a V8 saloon.
JohnC

It wouldn't surprise me if the dealer was prepared to move a good bit on a car like the ISF - they could sit with it for months.

Do a webuyanycar valuation on it, which will give you a reasonable idea of the trade price and then make an offer, leaving your contact details. You might just get a phone call.
PhilD

Martin wrote:

I've never been keen on the ISF, I'm surprised they hold their value so well.


How can a guy with a blue BMW saloon not like the ISF?  
Big Blue

Hmm. The dealer car is a 58; the private one an 08; the Dealer one has 10k less miles on it and the dealer one comes with warranty and protection as offered by statute. So the difference might not be worth £6k but certainly £3k.

I'm with Martin on this: they're not my cup of cha.
Nice Guy Eddie

I quite like the IS-F for it not being the obvious choice. The price of interesting cars has held very firm over the last 18 months. I was looking at Cayman R's early last year at 40K and they're still at 40K now. Same with M3's. 3 or 4 year old Comp pack cars are all still near 40K. Aren't we always told that large engine petrol cars are a depreciation disaster?
Alf McQueef

They dropped like a stone early in the recession, new and SH (at one stage new mk5 R32's could be bought from VW dealers for sub £18k, and big SH V8 stuff was silly money). Now they are heading right back up.

I have been really surprised at how much this sort of stuff is worth, depreciation is nothing like the 50-60% after 3 years that you might expect.

If you have money in the bank, buying in the early days of a recession is a very good plan - for all sorts of things. But classic cars especially!
Frank Bullitt

Big Blue wrote:


I'm with Martin on this: they're not my cup of cha.


+1 and I also noticed it was newer with more than 10k less on the clock so not a massive mark up.
JohnC

Alf McQueef wrote:

If you have money in the bank, buying in the early days of a recession is a very good plan - for all sorts of things. But classic cars especially!


Not quite the same but a client of mine bought a 6mth old 3.0TDV6 Touareg for £21,500 in early 2009 and sold it for £22,500 two years and 30,000 miles later. Timing is everything!
tali

Whilst large petrol engines suffer big depreciation,sporty ones are a better bet.Rarity helps in the IS-F  case aswell.
Never really understood the IS-F  as Lexus exist as a dedicated luxury waft brand.It would be like Land Rover making a 2 seat roadster.
Martin

PhilD wrote:
Martin wrote:

I've never been keen on the ISF, I'm surprised they hold their value so well.


How can a guy with a blue BMW saloon not like the ISF?  


Many reasons and not one of them being 'because it's not a BMW'!  

It wasn't just big engined stuff that really dropped in value.  I bought the Clubman at a low point (Feb 2009), £13,500 for a 7 month old MINI that had a list price of £23,000.   It was valued by the MINI dealer (not as a part ex, a price for them to buy it) 3 years later at £11,000!
simonp

My issue with the IS-F is it has the engine from a 50 grand car and the interior from a 15 grand one. It's just an Avensis with a really good stereo on the inside.

The tailpipes are still the naffest design since those square Proton GTI ones, too!
Frank Bullitt

simonp wrote:
My issue with the IS-F is it has the engine from a 50 grand car and the interior from a 15 grand one. It's just an Avensis with a really good stereo on the inside.

The tailpipes are still the naffest design since those square Proton GTI ones, too!




That just about covers it
Martin

Frank Bullitt wrote:
simonp wrote:
My issue with the IS-F is it has the engine from a 50 grand car and the interior from a 15 grand one. It's just an Avensis with a really good stereo on the inside.

The tailpipes are still the naffest design since those square Proton GTI ones, too!




That just about covers it


Straight to the point / core of the issue!
Tim

I like them but haven't actually been inside one so can't comment on the interior.
If I got one the first thing to do would be get a different exhaust.
Alf McQueef

simonp wrote:
My issue with the IS-F is it has the engine from a 50 grand car and the interior from a 15 grand one. It's just an Avensis with a really good stereo on the inside.

The tailpipes are still the naffest design since those square Proton GTI ones, too!


I can live with the tailpipes - especially in an age when so many are square/triangular and so on - but the interior is a huge turnoff for me. The IS-F is something I would consider at the right price.

The E90 M3 appeals massively but the fact the interior is much the same as my current car (with the addition of a nasty screen/ i drive I don't want) seems very boring.

The C63 I am less keen on as a SH buy, I probably spoiled that for myself by looking at new ones so much - the new interior is much nicer. Also C63's hold value very, very well and many of the older SH ones have been Barry'd.

All fairly academic anyway since I'm about to spend much of the money I had saved up on a C Max for Mrs ALF, but I will keep an eye on the values of these sorts of cars. For a time in my last job I watched B7 RS4 and C55 AMG values very closely. Value is important if you are going to stick 60k+ miles on it in the next 3 years, not mollycoddle it...
tali

simonp wrote:
My issue with the IS-F is it has the engine from a 50 grand car and the interior from a 15 grand one. It's just an Avensis with a really good stereo on the inside.

The tailpipes are still the naffest design since those square Proton GTI ones, too!


That sorta makes it a 65k car....

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