Are BMW M2 actually changing hands at a premium ?
Discussion
Bigman1981 said:
I'm curious to know if the m2's are actually changing hands at a premium? If so what are peoples opinions on the longevity of this ?
cheers
The "waiting list" on these types of cars are very elastic. Dealers tell you its 18 months but all of a sudden cars become available in 3 months and a saturation occurs in the market, prices drop, premiums disappear and you see loads of them out and about. In reality, they are not limited edition cars and there will be over-production, cold feet, reneging on deposits etc which will leads to lots becoming available with the first 2 years of production.cheers
Always play the waiting game.
I don't have any first hand knowledge of this. However, I have been watching these on Autotrader for the last few months. Initially, there were a number of cars which were advertised at a premium and now are no longer present, presumably sold.
There are other cars currently advertised, some at only a slight premium over list and others, which to my mind, are more optimistically priced.
I am suspecting that in the first few months those that just had to have one 'right now' have their cars courtesy of those selling at a premium. Perhaps that element of the market is now largely exhausted and things have slowed down?
There are other cars currently advertised, some at only a slight premium over list and others, which to my mind, are more optimistically priced.
I am suspecting that in the first few months those that just had to have one 'right now' have their cars courtesy of those selling at a premium. Perhaps that element of the market is now largely exhausted and things have slowed down?
i tend to agree,
i currently drive an m4
i randomly got a call from my BMW dealer saying we have been allocated a slot in October because of the amount of cars we have sold , my thing was , great get rid of m4 ( which is amazing ) get into something different and maybe have years free driving but as you said above this is not limited production at all.
i think in reality i could keep the m4 another year and easily pick an m2 up with a discount.
i got 15% off my m4 and even if you are the biggest hater of m4 u still have to question the sanity of anyone paying a 5-10kt premium for an m2 ..... ie that's m4 money
i currently drive an m4
i randomly got a call from my BMW dealer saying we have been allocated a slot in October because of the amount of cars we have sold , my thing was , great get rid of m4 ( which is amazing ) get into something different and maybe have years free driving but as you said above this is not limited production at all.
i think in reality i could keep the m4 another year and easily pick an m2 up with a discount.
i got 15% off my m4 and even if you are the biggest hater of m4 u still have to question the sanity of anyone paying a 5-10kt premium for an m2 ..... ie that's m4 money
I got wind of one being offered at list price at a dealer for Sep delivery, I was all set to go for it but I didn't want to pay for a couple of the dealer extras - so that never happened!
I then contacted a broker I used last week to get my friend an A45, his BM contact came back and said March 2017 for a car. Now to be fair that is a bit of a wait but i don't think its 2 years worth. I think cars are changing hands at a premium but not the ones advertised. I think a private punter would be lucky to get back list price!
I then contacted a broker I used last week to get my friend an A45, his BM contact came back and said March 2017 for a car. Now to be fair that is a bit of a wait but i don't think its 2 years worth. I think cars are changing hands at a premium but not the ones advertised. I think a private punter would be lucky to get back list price!
Kananga said:
even if the M2 isn't a limited edition, is it likely that there will be far fewer cars out than the M3/M4?
There is no specified number of M2s to be built. However, capacity to build them at the factory is physically limiting the number able to be produced. Hence the limited availability and waiting lists.I quite like the look and size of the M2 but with a few extras and no discount you quickly get to £50k and for not a lot more than that you could get an M4. Each to their own but for me that doesn't really stack-up as a sensible deal financially; however, if the M2 market settles down - and discounts become available at a similar level to the M4 - it becomes a more tempting prospect. The M2 isn't going to be a limited run car like the 1M and I don't see the residuals being anything like as strong; therefore, paying a premium to get one is a recipe for a financial soaking in my view....
JNW1 said:
I quite like the look and size of the M2 but with a few extras and no discount you quickly get to £50k and for not a lot more than that you could get an M4. Each to their own but for me that doesn't really stack-up as a sensible deal financially; however, if the M2 market settles down - and discounts become available at a similar level to the M4 - it becomes a more tempting prospect. The M2 isn't going to be a limited run car like the 1M and I don't see the residuals being anything like as strong; therefore, paying a premium to get one is a recipe for a financial soaking in my view....
This assumes that you actually want an M4. I've got an M2 on order which is spec'ed at £48K, I have no interest in paying a bit more for an M4. I also have no interest in paying a premium to get one early. It will be interesting to see the impact on values for the M2 and other cars that just sneak over the £40k Bracket in April 2017 when there are additional taxes to pay.
I think this is right looking at the tax bands for a manual M2 (199g/km)
Pre April 1st 2017
Year 1 - £490
Every Year- £265
5 Year total - £1550
Post April 2017
Year 1 - (£1200 + £310) £1510
Next 4 years (£310 + £140) £450 per year
5 Year total - £3310
That first year is a stinker so it certainly gives the new car buyer, post April 2017 something to think about and that might help pre April 2017 used values. If its a used pre April 2017 vs used post April 2017 option then its £450 vs £265 for 4 years until the post April 2017 car then drops to £140 a year road tax so much less of an impact.
I think the DCT (185g/km) model sneaks into the lower bracket so its first year is £400 cheaper which offsets the extra cost of DCT a little. Will that mean less Manual M2's after April 2017?
Maybe it won't matter, people will buy what they want but I think it will have an impact, particularly on cars near the 40k threshold, if you are spending a 100k this matters less purely as a proportion of purchase price.
I think this is right looking at the tax bands for a manual M2 (199g/km)
Pre April 1st 2017
Year 1 - £490
Every Year- £265
5 Year total - £1550
Post April 2017
Year 1 - (£1200 + £310) £1510
Next 4 years (£310 + £140) £450 per year
5 Year total - £3310
That first year is a stinker so it certainly gives the new car buyer, post April 2017 something to think about and that might help pre April 2017 used values. If its a used pre April 2017 vs used post April 2017 option then its £450 vs £265 for 4 years until the post April 2017 car then drops to £140 a year road tax so much less of an impact.
I think the DCT (185g/km) model sneaks into the lower bracket so its first year is £400 cheaper which offsets the extra cost of DCT a little. Will that mean less Manual M2's after April 2017?
Maybe it won't matter, people will buy what they want but I think it will have an impact, particularly on cars near the 40k threshold, if you are spending a 100k this matters less purely as a proportion of purchase price.
kezsan said:
It will be interesting to see the impact on values for the M2 and other cars that just sneak over the £40k Bracket in April 2017 when there are additional taxes to pay.
Do you know what £40k refers to ? Base list price ? List price with options ? Actual transaction price as per invoice ?nickfrog said:
kezsan said:
It will be interesting to see the impact on values for the M2 and other cars that just sneak over the £40k Bracket in April 2017 when there are additional taxes to pay.
Do you know what £40k refers to ? Base list price ? List price with options ? Actual transaction price as per invoice ?TuonoPants said:
JNW1 said:
I quite like the look and size of the M2 but with a few extras and no discount you quickly get to £50k and for not a lot more than that you could get an M4. Each to their own but for me that doesn't really stack-up as a sensible deal financially; however, if the M2 market settles down - and discounts become available at a similar level to the M4 - it becomes a more tempting prospect. The M2 isn't going to be a limited run car like the 1M and I don't see the residuals being anything like as strong; therefore, paying a premium to get one is a recipe for a financial soaking in my view....
This assumes that you actually want an M4. I've got an M2 on order which is spec'ed at £48K, I have no interest in paying a bit more for an M4. I also have no interest in paying a premium to get one early. I sold mine to a dealer exactly a week after I bought it (underwhelmed by it). I got lucky and sold it for a small (2.5k) profit, but I know the dealer ended up having to sell it at list. If early cars were difficult to shift at a profit, I can't imagine many selling at a premium now.
I also know of a friend who sold his not long after I sold mine. Less than list.
I also know of a friend who sold his not long after I sold mine. Less than list.
I spoke with my local dealer a few days ago and they're quoting a 18-24 month wait on new cars however don't expect BMW to begin limiting orders anytime soon.
I then spoke with the specialist broker I've used before and from what he's said it seems like dealers are happy to let the "used" examples go for list price i.e. they're not holding out for the silly prices on AT at the moment.
As an aside, I saw one at Swinley Forest on Sunday morning and it looked really very, very good.
I then spoke with the specialist broker I've used before and from what he's said it seems like dealers are happy to let the "used" examples go for list price i.e. they're not holding out for the silly prices on AT at the moment.
As an aside, I saw one at Swinley Forest on Sunday morning and it looked really very, very good.
I may be backing out of my manual M2 which is due for delivery December/January. I drove a DCT earlier in the year and was quite underwhelmed, I finally got a drive in a manual a few weeks ago and TBH wasn't as excited as I should have been. Great as a fast daily, not so great a something special sat in the garage (which this would be) for an occasional blast.
giger said:
I may be backing out of my manual M2 which is due for delivery December/January. I drove a DCT earlier in the year and was quite underwhelmed, I finally got a drive in a manual a few weeks ago and TBH wasn't as excited as I should have been. Great as a fast daily, not so great a something special sat in the garage (which this would be) for an occasional blast.
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