I've actually had a bit of a play and, being a 2 door V8 its probably in a different risk category to the FPV's, and the fact that it's an import.
SO, i've had a look see at insurance with RAC on a 2008 M3 which is roughly similar cost and whallah, $1350 for somebody our age.
I don't know why I thought it'd be much worse, but that's not too bad.
Whoa, that's a lot of analysis. I just did the M3 comparison for a thumb suck figure. The more expensive supercharged FPV's were cheaper to insure, around $1,250 IIRC.I'd expect the insurance companies to be a bit more wary of a brand new model with an initial low production run, they just don't know how expensive they'll be to repair/replace yet, so will probably err on the side of higher cost.
- M3 shares a number of components with lower model BMWs, so likely to be more parts availability => lower repair costs
- M3 is an older car, so more established parts market => lower repair costs
- Higher initial purchase cost and higher ongoing maintenance costs for BMW often prices out hoons - even though the second hand price may be the same
- Does anyone know about security feature comparison? e.g. the old WRXs started getting data dots to limit their part resale; no idea on M3 vs Mustang
- Mustang being rare and new could be a magnet for theft? No idea
Yeah, hard to know, I'm purely guessingWhoa, that's a lot of analysis. I just did the M3 comparison for a thumb suck figure. The more expensive supercharged FPV's were cheaper to insure, around $1,250 IIRC.
My Toyota 86 was a similar story (new release etc) when I got it in December 2012 and it was under $1K.
Well, when it was released late 2012, it was the first product with the FA20, on a modified chassis version of the [yet to be released] new WRX at the time.The 86 has less power than a Camry, which gets it some insurance points and it's cheaper than the Mustangs. I think (don't quote me on this) the engine has a lot of shared components with other subie products (FA20 variants are in a few of their cars, right?)