+ Reply to Thread
Results 1 to 1 of 1
  1. #1
    Registered Member
    Location
    , ,
    Member No: 110885 goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy has a brilliant future goatboy's Avatar
    Join Date
    Jul 2004
    Posts
    6,668
    Rep Power
    34


    Yes | No

    M3's eleven years old today...

    I track my operating costs. It took a big depreciation hit in the last year, $2,822 (from $15,279 to $12,457, good condition, kbb.com). Repairs were high this year, too: $2,072. Depreciation and maintenance ended up being $0.585/mile.

    The trend seems to be cars take big depreciation hits: when new, the year in which the warranty runs out, the year in which the model year is seven years old (hard to get a used car loan), and when the car goes over 100k miles (my situation this year, also hard to get a used car loan).

    Since new, my depreciation costs have been $0.442/mile. Since new, maintenance costs have been $0.113. M&D since new: $0.555/mile. At the sixth anniversary, M&D since new was: $0.592/mile.

    The tenth year (Nov 2010 - Nov2011) was a freeby and a fluke: depreciation of $246, $0.029/mile; and maintenance of $1,486, $0.173/mile.

    The "opportunity cost" (interest I could have been earning on the money I have tied up in the car) is pretty much zero these days. My insurance is pretty much the same, regardless of what kind of car I drive. Florida doesn't have personal property tax.

    In my world having an old car in great condition is a status symbol, a sign of dilligence and intelligence. I also get pleasure watching that sixth digit on the odometer go from 0 to 1, really cool on the old mechanical odometers. But I'm starting to think that replacing a BMW every six years might be cost effective, expecially when I consider the value of my time visiting the Service Department.

    Right now, I'm holding on to my 15' long M3 because a 16' long 5-series will not fit in my cluttered garage. This problem will be solved in the new Casa de Goat next spring (24' deep, 25' wide, nothing but cars-no clutter, with a 15' ceiling on one side for a lift for the third car).
    Last edited by goatboy; 11-15-2012 at 09:09 PM.
    Reply With Quote Reply With Quote 68.63.75.216


+ Reply to Thread


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

     

Similar Threads

  1. M3 is 3 years old today! (Long Story)
    By schiano in forum BMW M3 E46M3 (2001 - 2005)
    Replies: 12
    Last Post: 04-20-2005, 02:42 PM
  2. my M3 is three years old today......
    By sayemthree in forum BMW M3 E46M3 (2001 - 2005)
    Replies: 5
    Last Post: 09-01-2004, 01:18 AM
  3. My M3/4 turns 5 years old today!
    By Lone Star M3 in forum BMW M3 Forum (E36 M3)
    Replies: 0
    Last Post: 10-31-2002, 03:43 PM
  4. E46 M3 at 19 years old and no job...must be nice.
    By What a country. in forum BMW 3 Series Forum (E46)
    Replies: 33
    Last Post: 09-18-2002, 03:57 PM
  5. It's 2 years old today
    By Southern Cinderella in forum BMW Z3 Coupe Forum & M Coupe Forum (E36, E38)
    Replies: 5
    Last Post: 07-04-2001, 11:15 AM

Bookmarks

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
1e2 Forum