Bmw 1M prices holding strong!

Bmw 1M prices holding strong!

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Discussion

Kananga

1,100 posts

157 months

Friday 25th October 2013
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janahan9 said:
No problem. It is a shame to split the parts- but I imagine it would be easier to sell the car at 38/39k than 41/42k.I have the same steering wheel and really love it,even if it is a bit geeky smile
Lol... Well said about the geekiness... But I applaud your good taste!!

Agree with you re pricing... Think I'd consider taking an offer a bit below 41 but otherwise better to split as you say... I wonder if I can swap the seats back over myself ?

aussieinlondon

660 posts

220 months

Friday 25th October 2013
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Kananga said:
Lol... Well said about the geekiness... But I applaud your good taste!!

Agree with you re pricing... Think I'd consider taking an offer a bit below 41 but otherwise better to split as you say... I wonder if I can swap the seats back over myself ?
You could easily refit the seats yourself, but you will need to have them coded back in by a dealer.

Kananga

1,100 posts

157 months

Friday 25th October 2013
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aussieinlondon said:
You could easily refit the seats yourself, but you will need to have them coded back in by a dealer.
Thanks! Was afraid that would be the case...

PKZ4M

184 posts

149 months

Friday 25th October 2013
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Seat swaps can be a pain. I had a mini JCW a few years back and the coding went wrong at the dealer, and I ended up needing a new stereo under warranty!

I now have a 1M that I feel will be a long term keeper. Steering wheel upgrade sounds good.... How much was it?

greygoose

8,269 posts

196 months

Friday 25th October 2013
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as7920 said:
Values just gone up.

Found out my 1M (that I sold back in May) has been written off and scrapped.

400 registrations as @ end Q2 2013 (389 licensed and 11 SORN)
412 registrations as @ end Q2 2012 (407 licensed and 7 SORN)

Guess a few others are getting written off frown
Are BMW going to update our one of 450 badge every year scratchchin ?

as7920

726 posts

202 months

Friday 25th October 2013
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greygoose said:
Are BMW going to update our one of 450 badge every year scratchchin ?
Did they even make 450 in the UK?

Yellowcab

254 posts

222 months

Friday 25th October 2013
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I think 450 were original imported to the UK and since then a few have been written off, a few gone to Hong Kong and other RHD markets as mentioned before. Does that list of whats left now include N.Ireland as some of the 450 must of been sent there?

Re the black 1M as above, I do know the owner, I would advertised your car for £42,950 and sell the car as it is instead of pulling everything apart. A 1M with performance seats and s/wheel fitted is an even rarer car than a standard model and therefore more sought after as most owners hanker for these options. The more these cars disappear the higher the value they will become, just don't be afraid to ask what you think it's worth.

Just look at the Focus RS500s, only 101 from new and now fetching up to £5k above new list price and now they are not coming to the market as owners see these as true investments. To tell you the truth I would think twice about selling your low mileage 1M the same as I have.

Edited by Yellowcab on Friday 25th October 23:21

Kananga

1,100 posts

157 months

Saturday 26th October 2013
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Yellowcab said:
Re the black 1M as above, I do know the owner, I would advertised your car for £42,950 and sell the car as it is instead of pulling everything apart. A 1M with performance seats and s/wheel fitted is an even rarer car than a standard model and therefore more sought after as most owners hanker for these options. The more these cars disappear the higher the value they will become, just don't be afraid to ask what you think it's worth.

... To tell you the truth I would think twice about selling your low mileage 1M the same as I have.
Cheers buddy, hope you are keeping well!! would you believe I only just put the mats in last month!

I hear you re price, but sadly I'm generally not keen on private sales (had a bad experience in the past and so would prefer the security of a dealer unless the price differential was too high). You're totally right about keeping it as is... IMHO the 1M should have come out of the factory with the Perf Seats/Wheel...

Fully agree on the last point - need to think carefully as I think we sold our spyder too early and should have held onto it!

Just seen an air cooled Porsche project that I may be interested in, bit of a project but I've been hankering after a 993 for a couple of years since I sold my last one...



Edited by Kananga on Saturday 26th October 13:10

V8A*ndy

3,695 posts

192 months

Saturday 26th October 2013
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Yellowcab said:
I think 450 were original imported to the UK and since then a few have been written off, a few gone to Hong Kong and other RHD markets as mentioned before. Does that list of whats left now include N.Ireland as some of the 450 must of been sent there?

Edited by Yellowcab on Friday 25th October 23:21
The list should include N.I cars. I know of at least 8 that were sold here new. There could have been more.

The wifes is tucked away for the winter but it's still taxed. Hopefully there will be some nice dry crisp mornings to stretch the legs between now and April.

It certainly is a keeper.

Mermaid

21,492 posts

172 months

Saturday 26th October 2013
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Yellowcab said:
I think 450 were original imported to the UK and since then a few have been written off, a few gone to Hong Kong and other RHD markets as mentioned before. Does that list of whats left now include N.Ireland as some of the 450 must of been sent there?

Re the black 1M as above, I do know the owner, I would advertised your car for £42,950 and sell the car as it is instead of pulling everything apart. A 1M with performance seats and s/wheel fitted is an even rarer car than a standard model and therefore more sought after as most owners hanker for these options. The more these cars disappear the higher the value they will become, just don't be afraid to ask what you think it's worth.
I think they are at the highest they will ever be at. As soon as an M2 is announced, prices will drop to early 30's.

The IM is good but not that special.


Yellowcab

254 posts

222 months

Sunday 27th October 2013
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Mermaid said:
I think they are at the highest they will ever be at. As soon as an M2 is announced, prices will drop to early 30's.

The IM is good but not that special.
People on this forum were saying that it would be down to early 30s after the car was a year old. Wrong. Since the summer it's gone up 2-3k back to £40k or thereabouts. The arrival of the M2 will not make any difference. There are never enough 1Ms for sale to allow buyers to command the value. If its not a special BMW why has it held it's value better than any other BMW I know of? I should know I've lost so much money on all the others in the past.

E30M3SE

8,467 posts

197 months

Sunday 27th October 2013
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Mermaid said:
I think they are at the highest they will ever be at. As soon as an M2 is announced, prices will drop to early 30's.

The IM is good but not that special.
Still trying to talk prices down? A couple of weeks ago M235i was going to knock 1M value now it'll be the M2..............

161BMW

1,697 posts

166 months

Sunday 27th October 2013
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IMO sell the car with the BMW Performance steering wheel & seats especially as were fitted new. Adds to the appeal to the car and is nice in the history was fitted from new. Plus saves hassle of changing parts etc.

161BMW

1,697 posts

166 months

Sunday 27th October 2013
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E30M3SE said:
Still trying to talk prices down? A couple of weeks ago M235i was going to knock 1M value now it'll be the M2..............
The M235 and M2 are not even out in the market yet ie on the road. Also the market for cars is not as immediately reactive to news as u seem to suggest it is bit slower than that IMO

E30M3SE

8,467 posts

197 months

Sunday 27th October 2013
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161BMW said:
The M235 and M2 are not even out in the market yet ie on the road. Also the market for cars is not as immediately reactive to news as u seem to suggest it is bit slower than that IMO
read the thread. I'm not the one suggesting anything about speed of market reaction, but someone else is.....

Mermaid said:
I think they are at the highest they will ever be at. As soon as an M2 is announced, prices will drop to early 30's.

The IM is good but not that special.

Mermaid

21,492 posts

172 months

Sunday 27th October 2013
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Yellowcab said:
Mermaid said:
I think they are at the highest they will ever be at. As soon as an M2 is announced, prices will drop to early 30's.

The IM is good but not that special.
People on this forum were saying that it would be down to early 30s after the car was a year old. Wrong. Since the summer it's gone up 2-3k back to £40k or thereabouts. The arrival of the M2 will not make any difference. There are never enough 1Ms for sale to allow buyers to command the value. If its not a special BMW why has it held it's value better than any other BMW I know of? I should know I've lost so much money on all the others in the past.
You make some good points. The 1M has retained values far better than nearly everyone expected - it filled a niche, a small car with M3 type performance.

The M2 , and to an extent the M235i, will fill the same kind of niche and at not much higher prices and that is why I think the older car will be affected. If the 1M was a NA car, that would have been different.

£40k - in a IM or a low mileage CSL?

V8A*ndy

3,695 posts

192 months

Sunday 27th October 2013
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May I just point this out.

There probably won't be an M2 at all at least until right at the end of the production run a la 1M to shift dead metal but a stripped out CSL type limited run would be nice.

Even then we have the M4 coming along and all the specials that will come along after that. BMW are going to be pushing the M4 very hard indeed and there is a lot riding on that cars success. The M4 has to be the car that sets the bar an M2 isn't going to get in the way of that.

BMW didn't release an M235i for people to "wait" for an M2.

Anyway it doesn't matter the 1M is unique and to say "it's not that special" is total nonsense.

The 1M really is one of BMWs finest moments (how many times have I said that now).

BTW I don't care about values the 1M is a keeper, it really is that special.


Yellowcab

254 posts

222 months

Sunday 27th October 2013
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Mermaid said:
£40k - in a IM or a low mileage CSL?
Hard one that but i think you'll find a 1M an easy car to live with.

Edited by Yellowcab on Sunday 27th October 15:26

Yellowcab

254 posts

222 months

Sunday 27th October 2013
quotequote all
[quote]

The M2 , and to an extent the M235i, will fill the same kind of niche and at not much higher prices and that is why I think the older car will be affected. If the 1M was a NA car, that would have been different.


[/quote]

It's wrong to keep comparing how a 1M's value will be affected by the arrival of say an M235i/M2. Theses two cars have been marketed totally different to the 1M. The 1M is in its own little niche, there are no other BMWs built to be like it. It stands on its own, because its special, very unique and limited by its numbers. The M135i came along and everyone said the 1Ms days were over, prices would start to drop but it didn't happened because the M135i wasn't special, unique and limited like the 1M. Even though its a very fast car and in some aspects better than the 1M it just couldn't be compared to it just like the M235i/M2 shouldn't be.

ChrisBuer

628 posts

226 months

Thursday 31st October 2013
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Mermaid said:
You make some good points. The 1M has retained values far better than nearly everyone expected - it filled a niche, a small car with M3 type performance.

The M2 , and to an extent the M235i, will fill the same kind of niche and at not much higher prices and that is why I think the older car will be affected. If the 1M was a NA car, that would have been different.

£40k - in a IM or a low mileage CSL?
Completely disagree. It's not the engine that's important, it's the whole package. The 1M is a riot of a car to drive, a real occasion every time you get in it. I've driven the E92 M3 and the E46 M3 and whilst they are great cars, I get more fun out of driving my 1M. Part if what makes the 1M special is the stonking torque and in gear shunt you get in a small(ish) car. It's laugh out loud funny and part of the appeal.

People on here get too up tight about BMW moving away from NA engines. It's not the be all and end all smile