Brand New 4.6is & 4.8is at RM Auction

[X5 Meister]

Yeah driven a 4.6is, 4.8is etc. Don't get me wrong, they are great cars, I just don't see them as collectible cars. When collecting cars one typically views them as investments and not much else. And so they sit around and don't get used much if at all. If this guy paid $75,000 for a fully loaded 4.6is back in 2003 and then paid conservatively $1500 per year for registration and let's say $500 a year for insurance, then the total cost of ownership would have to be in excess of $91,000. Figuring in the rate of inflation which was about 2.56% between 2003 and 2010. The $75,000 he spent on the car in 2003 is more like $89,500 today. So with a very very rough estimate, to break even he has to sell the car for a minimum of $105,500 AFTER auction entry fees and commission, again, just to break even. Is this car gonna sell for over $105,000 I really don't think so, not unless it was owned by John Lennon or Elvis.

[chilliwilli]

Well i for one don't collect my fleet to sit around in hopes of earning an upside in the future

[LeMansX5]

Originally Posted by X5 Meister

Yeah driven a 4.6is, 4.8is etc. Don't get me wrong, they are great cars, I just don't see them as collectible cars. When collecting cars one typically views them as investments and not much else. And so they sit around and don't get used much if at all. If this guy paid $75,000 for a fully loaded 4.6is back in 2003 and then paid conservatively $1500 per year for registration and let's say $500 a year for insurance, then the total cost of ownership would have to be in excess of $91,000. Figuring in the rate of inflation which was about 2.56% between 2003 and 2010. The $75,000 he spent on the car in 2003 is more like $89,500 today. So with a very very rough estimate, to break even he has to sell the car for a minimum of $105,500 AFTER auction entry fees and commission, again, just to break even. Is this car gonna sell for over $105,000 I really don't think so, not unless it was owned by John Lennon or Elvis.

You don't know how loaded he is.

[X5 Meister]

Wealthy people typically don't intentionally piss away money. I don't see a billionaire collecting BMW SUV's.

[ekimv65]

Originally Posted by X5 Meister

Wealthy people typically don't intentionally piss away money. I don't see a billionaire collecting BMW SUV's.

Could not agree more, i just dont see it. The only way he made any money was if he was with Madoff early, and out!

[BGM]

Originally Posted by X5 Meister

Wealthy people typically don't intentionally piss away money. I don't see a billionaire collecting BMW SUV's.

What about $30K Millionaires ?

[bigshout]

so what do you think these will fetch? $40k each?

[jst2878]

i would love to pick that red one up for 30k. Can one finance through these types of auctions or is it a flat payout?

[China Man]

I think those 4.8is will go for more than 30, unfortunately, manheim auction numbers show 06s with mid 30K miles going for over 33K ....

[bimmer man]

How much of a premium would this fetch over, lets say a 06 4.8is with 30k miles? At that point is there really much difference to a buyer because as most have noted it just isn't one of those must have collectibles.

In any event, that is quite a jaw dropping group of low mileage cars.