The 348 wins, and I must say I’m not shocked – it’s a proper Ferrari. This week I bring you a (very) green BMW M car, but you might not need a lot of green to buy it. I can’t believe just how far BMW M8 values have dropped.
The 2020 BMW M8 Competition vs the 2020 BMW M8
See the M8 Competition listing here
Why don’t we like the M8?
After all, in theory it has all the ingredients. What could be better than a BMW M5 in an even sexier shape? There was an LCI that didn’t amount to much, so no one will know you have an “old” version. And it remains one of the fastest cars BMW has ever produced.
The reality of all this is much different. A new M8 can cost over $150,000, but you’re really just getting an impractical seven-year-old M5. I wasn’t a huge fan in my review of one either. For that kind of money, the experience must be special, not just speedy.
But what about the discount rack? Oh yes, used BMW M8 values have plummeted. How does 50% off sound?
How abut even more?
The 2020 BMW M8 Competition
The funny thing is that if I asked you what an M8 is, a coupe is probably the first thing you picture. And yet, coupe values are lower than convertible or Gran Coupe versions. This one is up for bid:
- 7,500 miles
- Bid to $55,500 so far
- Individual Signal Green over black leather
- Eight-speed automatic
- The juice comes from a twin-turbocharged S63 4.4-liter V8, rated at 617 horsepower and 553 lb-ft of torque.
- Clean CarFax
- Curb rash on one wheel, and a few marks on the bumper
- Totally stock
I can’t find many comps on cars and bids, but here’s one that sold for $69,500. Our example is a special color with half the miles, but if it reaches $75,000, I’d be shocked.
The 2020 BMW M8
You can’t get this car anymore, but before the LCI it was possible to order a base M8. That meant “only” 600 horsepower, a different, less firm suspension (not a bad thing), and a chrome badge instead of a black one.
- $62,990
- 35,222 miles
- Sakhir Orange over black leather
- Clean CarFax
- Window tint, but no other mods. It’s a gamble with anything on Carvana.
- I see some scrapes and dings
- The interior needs a cleaning
- Looks like it has nice options, including a Bowers & Wilkens stereo, Comp wheels, and distance control
Do you know what’s really crazy? My M3 is worth more. Helluva lot of M car you’re getting here. Unless you really need that green, I can’t see why you’d spend a penny more than what this car is listed as.
Why is the BMW M8 so cheap now?
Truth be told, no BMW with a sticker over $100,000 does well when it comes to depreciation. It could be that all of them look alike, or that cars like the M4 outperform their more expensive brethren. They also become dated quickly, because BMW is pretty rigid about updating their models every three years or so.
Before I go, I should also point out that a new M8 can be leased for $1,600 per month (from the mothership), and I bet you can get them for much lower. I’ve seen dealers knock off $15k. The question then becomes, do you want an M4, or an M8 for the same price?
It’s the discount rack for me.
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