Put down an M2 deposit today

[Tuvra]

JNW1 said:

I agree residuals on the M2 are likely to hold-up better than on an M4 but not so sure they'll mirror what we've seen with the 1M? That was a limited run car and, while numbers of the M2 are going to be restricted, from what I understand it will remain part of the range for at least a couple of years (and if the demand's there who's to say BMW won't simply increase production a bit to cater for it?); having said that going back a few years I didn't see 1M values holding-up the way they have so I could be completely wrong about the M2 as well!! Ultimately, though, if you're spending £40k + on a car of that type surely you buy the one you want rather than the one you think might be the best investment?

Its not an Investment as such, the way I see it, 4 years in an M2 could in theory cost me £14k or so, where as it would cost me £26k+ in an M4.

Granted this is all "crystal ball" valuations but its how I see it going. Therefore its more a case of affordability....

Edit to Add: On a side note, your point about the limited production has made me think a little. I have done some research into it this morning and it appears that the 1M was originally launched as a limited production car (2,700) however BMW went on to make 6,300 of them, therefore, was the 1M really limited production and will the M2 be exactly the same?

Feel free to shoot me down in flames if my statements are incorrect, its only what I have read this morning

Edited by Tuvra on Tuesday 23 February 10:15

[VerySideways]

My understanding:

1M slated for 3500 units, ended up over 6500. UK told 450 allocation, stuck to 450 allocation.

M2 slated for "up to" 13,800 units as that's all the line capacity they have until they stop making the current 2 series shell to make way for the new 2 series.
UK M2 allocation of 500 units in 2016 and at least 500 units in 2017.

[Tuvra]

VerySideways said:

My understanding:

1M slated for 3500 units, ended up over 6500. UK told 450 allocation, stuck to 450 allocation.

M2 slated for "up to" 13,800 units as that's all the line capacity they have until they stop making the current 2 series shell to make way for the new 2 series.
UK M2 allocation of 500 units in 2016 and at least 500 units in 2017.

Very informative

So basically they will make a maximum of 2:1 (M2 V 1M). That's still a pretty rare care and prices should remain bolstered if, as I suspect, prices of the 1M continue to steadily rise over the next 4 years or so

Decisions, decisions, decisions

[JNW1]

Tuvra said:

VerySideways said:

My understanding:

1M slated for 3500 units, ended up over 6500. UK told 450 allocation, stuck to 450 allocation.

M2 slated for "up to" 13,800 units as that's all the line capacity they have until they stop making the current 2 series shell to make way for the new 2 series.
UK M2 allocation of 500 units in 2016 and at least 500 units in 2017.

Very informative

So basically they will make a maximum of 2:1 (M2 V 1M). That's still a pretty rare care and prices should remain bolstered if, as I suspect, prices of the 1M continue to steadily rise over the next 4 years or so

Decisions, decisions, decisions

I do think an M2 is likely to have better residuals than an M4 but if (hypothetically) the two came out at similar money per month on a PCP I'd choose the one I preferred to drive rather than the one that might potentially give me the most equity at the end of the agreement. Only problem is that if that turns out to be the M2 there's the small matter of not being able to get hold of one until next year; maybe place an order now, have a test drive in a demo M2 when available and if you prefer the M4 amend your order accordingly at that stage? From the sounds of it a dealer wouldn't be short of takers for a slot for an M2 and would be more than happy to sharpen their pencil to shift an M4....

[Msportman]

I went to a VIP at the weekend and whilst discussing a retirement present for 2017 the salesman offered me a cancelled order for an M2 for June delivery

He states that if I don't like it on delivery I should be able to sell it on for what I paid for it. I'm not so sure as it isn't a limited production run and I dubious of buying something without any reviews or knowledge of this new M car.

I had been thinking of buying an RS3 next year but an now agonising what I should do. I'd have to part finance it on a PCP so selling on if I don't like it could be costly.

Decisions decisions !

[Pommygranite]

Msportman said:

I went to a VIP at the weekend and whilst discussing a retirement present for 2017 the salesman offered me a cancelled order for an M2 for June delivery

He states that if I don't like it on delivery I should be able to sell it on for what I paid for it. I'm not so sure as it isn't a limited production run and I dubious of buying something without any reviews or knowledge of this new M car.

I had been thinking of buying an RS3 next year but an now agonising what I should do. I'd have to part finance it on a PCP so selling on if I don't like it could be costly.

Decisions decisions !

There are plenty of launch reviews out there. Google them.

It seems that it makes the RS3 a little bit amateur.

[Msportman]

Pommygranite said:

Msportman said:

I went to a VIP at the weekend and whilst discussing a retirement present for 2017 the salesman offered me a cancelled order for an M2 for June delivery

He states that if I don't like it on delivery I should be able to sell it on for what I paid for it. I'm not so sure as it isn't a limited production run and I dubious of buying something without any reviews or knowledge of this new M car.

I had been thinking of buying an RS3 next year but an now agonising what I should do. I'd have to part finance it on a PCP so selling on if I don't like it could be costly.

Decisions decisions !

There are plenty of launch reviews out there. Google them.

It seems that it makes the RS3 a little bit amateur.

I know....great sound, brilliant at launching off the line but usual under steer applies....slow in fast out
Very tuneable though and a good set of KW Clubsports with camber adjustment may help.

Walked away from the M2 and been arguing with the missus since....she's not a BMW fan and doesn't want it to be a dud decision at £40k

I'm quite keen on what I've seen although what are the prospects of selling soon after delivery for what I've paid?

[Fiesta1.0L]

So - got a reservation from a local dealer, but what documentation / info should I ask for to evidence that i'm actually allocated to a build? Does this feed through to MyBMW once it's placed?

[Tuvra]

Fiesta1.0L said:

So - got a reservation from a local dealer, but what documentation / info should I ask for to evidence that i'm actually allocated to a build? Does this feed through to MyBMW once it's placed?

Probably not as I spoke with two dealers and they asked for a big difference in deposit, Swansea with no idea on a build date £2k, Cardiff with a probable build date of March 2017 £1k.

Interesting question about the documentation though, hopefully someone can answer

[disad-vantage-d]

Fiesta1.0L said:

So - got a reservation from a local dealer, but what documentation / info should I ask for to evidence that i'm actually allocated to a build? Does this feed through to MyBMW once it's placed?

I take it you mean you've paid a deposit to go on the waiting list, or you've moved a step further to speccing a build allocation?

[Fiesta1.0L]

disad-vantage-d said:

I take it you mean you've paid a deposit to go on the waiting list, or you've moved a step further to speccing a build allocation?

Deposit, supposedly for delivery December. Have always leased previously, so would like to understand what bits of paper I need from the dealer to make sure that i'm not one of a pile of deposits in a drawer and actually allocated to a car / build. Presumably given it's less than a year, they should be able to do that for me now?

Edited by Fiesta1.0L on Wednesday 24th February 13:31

[Alpinestars]

I know of a March 2016 delivery car. Blue and DCT. Available at list.

[DMC2]

Alpinestars said:

I know of a March 2016 delivery car. Blue and DCT. Available at list.

Could you PM me the details please.

[disad-vantage-d]

Fiesta1.0L said:

disad-vantage-d said:

I take it you mean you've paid a deposit to go on the waiting list, or you've moved a step further to speccing a build allocation?

Deposit, supposedly for delivery December. Have always leased previously, so would like to understand what bits of paper I need from the dealer to make sure that i'm not one of a pile of deposits in a drawer and actually allocated to a car / build. Presumably given it's less than a year, they should be able to do that for me now?

Edited by Fiesta1.0L on Wednesday 24th February 13:31

I have a deposit placed too for which I received a receipt and an order form, a copy of which had to be signed and returned.
The order form states a hypothetical delivery estimate of Nov/Dec 16.
However, I still share your concerns as despite being told verbally that I am no.3 in succession, for some reason dealer was reluctant to endorse this in writing.
I have already read on this thread of one PHer who appears to have been duped regarding this...

[PastaSource]

Alpinestars said:

I know of a March 2016 delivery car. Blue and DCT. Available at list.

Please PM me details. Thank you.

[thatsprettyshady]

Alpinestars said:

I know of a March 2016 delivery car. Blue and DCT. Available at list.

me too please.

[Alpinestars]

Sorry Gents/Ladies, car has sold now. Apologies to all those who sent emails etc.

[AOK]

Alpinestars said:

Sorry Gents/Ladies, car has sold now. Apologies to all those who sent emails etc.

Well that confirms to me that these will be hot property for the first few months.

If that many people emailed you prepared to pay list for one of the first cars (and this is isn't even the classifieds), then there will be a handful of people happy to pay £1k over list to jump the queue. And of those, there will be a smaller handful who are prepared to pay £2k over list, etc etc... supply vs demand.

This is exactly what happened with GT4's... they didn't just go to £100k overnight.

I'm not saying these will be going for £100k whatsoever, but I see early cars appearing on the classifieds with a small mark up.

[Tuvra]

AOK said:

Well that confirms to me that these will be hot property for the first few months.

If that many people emailed you prepared to pay list for one of the first cars (and this is isn't even the classifieds), then there will be a handful of people happy to pay £1k over list to jump the queue. And of those, there will be a smaller handful who are prepared to pay £2k over list, etc etc... supply vs demand.

This is exactly what happened with GT4's... they didn't just go to £100k overnight.

I'm not saying these will be going for £100k whatsoever, but I see early cars appearing on the classifieds with a small mark up.

£50-55k for early cars IMO, speculators are asking for £5-10k premiums on V8 Mustang's and my local dealer told me I could get one built and delivered within 10 months.

[giger]

I have a long wait for mine, but I'm pretty much set on the spec apart from the stereo. I'm not too bothered about the speaker setup, I'm buying the car to drive and it will be a second card, so won't be racking up the miles.

Question is, do I need to spec the HK upgrade to preserve future value, or will it not make any difference if I have the standard or advanced stereo? I don't want to spend £600 for the sake of it when I could either spend it on other options or not spend it at all.

Thoughts?