Used M3 LR 21 - good value?

[KRajah]

having leased cars for the last 8 years, it seems the lease market is a little out of whack atm.

Considering buying an ev given the recent down turn in the used market prices

a local garage has a 21 LR m3 for £32k with approx 16k miles. Seems decent value

Do you think prices will continue to drop? Especially if new refresh is announced?

Ideally looking for something for 3 years on PCP (7.9%) and then see what the market says. May trade in and get another one or just return

 

[OfficialMark_H]

I think that’s a great price assuming it’s in good condition.

 

[Rooster6655]

having leased cars for the last 8 years, it seems the lease market is a little out of whack atm.

Considering buying an ev given the recent down turn in the used market prices

a local garage has a 21 LR m3 for £32k with approx 16k miles. Seems decent value

Do you think prices will continue to drop? Especially if new refresh is announced?

Ideally looking for something for 3 years on PCP (7.9%) and then see what the market says. May trade in and get another one or just return

Seems about 37% lower than a new LR so a pretty decent discounts don't think that prices are going to drop substantially more than outside of normal depreciation.

 

[Jason71]

Great price. I think the prices are pretty much at rock bottom. Would not recommend buying a new M3 right now with new model coming but this seems well worth it.

 

[SR-Plus]

Yes agreed. Cracking price for a LR.

 

[UrbanSplash]

Last year I P/X’d my older LR with Tesla for over £10k more than that price