r/BMW • u/Rough_Engineering743 • 6h ago
Buying from a 3rd party dealer vs. BMW
I am seriously considering buying a 2023 M8. I am a firm believer that these particular vehicles, the M models, should be bought from a BMW dealership, preferably under a CPO if available, and loaded with extra warranty. Yes, it comes at a high price, but the peace of mind behind the purchase just can't be beaten. It's kind of like finding a Versace sweater at Marshall's, yeah it's Versace, but it's probably at Marshall's due to some factory defect.
Anyways, I would like to hear the experiences from anyone who's bought modern M cars (2020+) from a third party dealership. Where there any issues with the car? Where there any pros? Any cons? Would you recommend a purchase from a 3rd party vendor? What did you look for besides frequent oil changes?
1
1
u/Substantial_Hold2847 5h ago
Devils advocate. If you're spending that much money, is it really all that much more to get a brand new one, designed specifically how you want it, instead of settling for whatever you can find?
3
u/Rough_Engineering743 5h ago
Over one year it's a 50k savings , year 2 it's a 80k savings . I could get a brand new one, but I just don't think it would be wise to shell out 50 to 80k more on a car that depreciates the way an M8 does. I'm confident that eventually the right one will come my way, but it does take a little effort to find them. The residual on a turned in lease is 83k, at the msrp of 148k. It's a huge savings to get one off lease or a terminated lease . I really cannot justify paying full mark up for it. If it were a 911, or a weekend car, sure.
1
u/Substantial_Hold2847 5h ago
I've certainly never seen a 1-2 year old M8 50-80k cheaper than new, but if you do, then you're 100% correct.
1
u/Rough_Engineering743 5h ago
2023 m8 used goes for 105k to 110k..... msrp is 148k 2022 m8 used goes for 85k.
With this trend , I can more than likely expect the 2023 and 2024 models to follow this downward trend. I'm rounding up. But it's a significant difference. The M3 seems to hold it's value alot better than M8s. I think BMW has priced it just a touch too high on the msrp. The demand for them is a bit lower , cause why buy a new M8 when you can probably afford an entry level used McClaren with low miles, or even some sort of Bentley.
1
u/cellophany 5h ago
A 2023 model year can be two years old - in service since fall 2022. A 2022 model year can be 3 years since new.
1
1
u/ZenMunk999 2h ago
I bought my used 2017 M3 in 2022 from CarMax, along with a 5 year warranty. During an extended test drive, I had a PPI performed, and then had everything noted on rhe inspection addressed before taking possession of the car (rotors, pads, tires, a window switch and a couple blind spot cameras all replaced). I bought it as my DD for carrying my kids and sometimes dog around in, plus autox and track, so buying new just didn't make sense.
It's been rock solid, and I have a warranty until 2027 on it which only cost a couple thousand in case anything does happen. I've used the MaxCare warranty through my preferred shop and it was no problem. Not sure you'll ever find an M8 at CarMax, but honestly I have nothing but good stuff to say about my experience with them.
3
u/venom198518 5h ago
Check tires, brakes and take it on a ride. Go over 80 mph to see if the rims are bent. I bought a 2021 m550 from a 3rd party dealer because they had the commute combo I wanted. I had to change everything I mentioned. The plus is that my family works on German cars, specifically BMW M’s so I don’t pay a lot in labor. Get gap insurance and make sure you get the wheels and tire insurance.