M2 used prices post Competition

[wioifoiee]

hi folks,

do you think regular M2's (used or nearly new) will take a dive once the competition version comes out? Or make no difference at all?
Is there any previous history or pattern for this sorta thing with the M3?

[as7920]

wioifoiee said:

hi folks,

do you think regular M2's (used or nearly new) will take a dive once the competition version comes out? Or make no difference at all?
Is there any previous history or pattern for this sorta thing with the M3?

Well my 10 week old £48k M2 is now worth £36.5k but I expect it will take a drop but stabilise in a year or two.

Not selling mine for a while, I'd only be bothered if the prices collapsed permanently.

[GT3cs]

as7920 said:

Well my 10 week old £48k M2 is now worth £36.5k but I expect it will take a drop but stabilise in a year or two.

Not selling mine for a while, I'd only be bothered if the prices collapsed permanently.

How are you finding it ?

I've just bought in at £41.8k new for a £52k list car .

I was kinda hoping I didn't like the car in flesh after leaving a deposit over phone and hearing all the competition talk. But it looked great in the flesh , drove well ( although didn't open it up as only 25miles ) And it justed seemed a great chunk of car for only £42k . So I pick it up Wednesday .

By the time competitions start getting delivered there will be another summer over ....

Although none of that helps with a future values discussion .....

[mikeyscott]

I’m sat here hoping they’ll go sub £35k - need to upgrade my 135i

[Geoff39GL]

I was told today that unless you have had your name down for some time the waiting list is expected to be similar to when the M2 was announced, so expect waiting time up to 12mths

[Goater2]

mikeyscott said:

I’m sat here hoping they’ll go sub £35k - need to upgrade my 135i

Think there are a couple on Autotrader at this price!

[ftypical]

They’ll clearly drop through the floor with only the LCI models fetching more than £8k.

In the meantime, due to the fashion conscious and fickle nature of M buyers, the Competition models will command a £20k premium to get hold of a car in less 6 months.

Yes?

[garystoybox]

Geoff39GL said:

I was told today that unless you have had your name down for some time the waiting list is expected to be similar to when the M2 was announced, so expect waiting time up to 12mths

Not this old chestnut again..... the market will be flooded in 9 months for what is not much more than a heavier, face-lifted model imo.

[Steve Rance]

With prices in the mid 30’s, the smart money is on investing in a second hand M2, putting some decent shockers on it along with a remap and you will have a lighter and probably better car than the new competition for £20k less. But it won’t be the latest shiny thing so hardly anyone will do it..

Edited by Steve Rance on Tuesday 24th April 07:21

[AW10]

Steve Rance said:

...putting some decent shockers on it...

What do you feel is wrong with the current shocks?

[Steve Rance]

The ability of the standard chassis is better than the ability of the standard damper to control it - ie; the damper lets it down. The chassis and diff are extremely good though but the car is too heavy. The extra weight of the new car is a real disapointment.

[Monkey_boy]

So to make up for the extra 55kg at the front due to new engine, what are they doing to the rear to get the 50:50 distribution? Or will it handle like an RS3 now :-D

[aponting389]

Steve Rance said:

The ability of the standard chassis is better than the ability of the standard damper to control it - ie; the damper lets it down. The chassis and diff are extremely good though but the car is too heavy. The extra weight of the new car is a real disapointment.

Do you have a product in mind that you'd reccomend? I have been thinking of doing this, do you think it would help with putting the power down? since the remap its quite bad on anything except a snooker table flat road

Thanks

[as7920]

GT3cs said:

How are you finding it ?

I've just bought in at £41.8k new for a £52k list car .

I was kinda hoping I didn't like the car in flesh after leaving a deposit over phone and hearing all the competition talk. But it looked great in the flesh , drove well ( although didn't open it up as only 25miles ) And it justed seemed a great chunk of car for only £42k . So I pick it up Wednesday .

By the time competitions start getting delivered there will be another summer over ....

Although none of that helps with a future values discussion .....

Brilliant car and I picked it over the M4 due to it's size.

A little softer than my 1M was but love the DCT.

Loved my M135i for what it was but M2 is another league. Obvs.

One regret would be buying new (nice discount) rather than pre-reg but I was after a certain spec and it's rare for that.

As long as mine's worth £25k in 4 years time, I'll be happy.

[Steve Rance]

It will be probably not as effective as stickier tyres and a gentle right foot. once you are past peak torque you can be a little more agressive on the throttle.

Regarding dampers, any damper with decent valving on both bump and rebond. Separate low speed bump and rebound control will be overkill on the road but useful on the track. I will probably use KW clubsport because its a very good value packageand the valving is particularly good. With an open budget JRZ, Moton or Penske but to make an M2 a very nice car, you really dont need them

[n3il123]

as7920 said:

Well my 10 week old £48k M2 is now worth £36.5k but I expect it will take a drop but stabilise in a year or two.

Not selling mine for a while, I'd only be bothered if the prices collapsed permanently.

Which makes this one quite expensive?

M2

[MrBarry123]

garystoybox said:

Not this old chestnut again..... the market will be flooded in 9 months for what is not much more than a heavier, face-lifted model imo.

I've heard, albeit from someone who heard from someone else, that a number of BMW dealers have had deposits cancelled by prospective buyers who submitted their deposit months ago in the hope for something more bespoke than what was released, and have been left a bit disappointed.

Disclaimer: I think the new M2 Comp looks great so I'm not complaining.

Edited by MrBarry123 on Tuesday 24th April 15:28

[Steve Rance]

Everyone will have on opinion but I paid around that for my car 4 months ago and it had 1500 miles on the clock. On that basis, and on the announcement of the new car, i'd wager that it is.

[garystoybox]

MrBarry123 said:

that a number of BMW dealers have had deposits cancelled by prospective buyers who submitted their deposit months ago in the hope for something more bespoke than what was released, and have been left a bit disappointed.

Edited by MrBarry123 on Tuesday 24th April 15:28

Yep, think some were expecting the CSL version which I beleive is still in the pipeline as a 2020 run-out?

I agree that a run-out pre reg/low miler looks a good buy for the money.

[cc3]

MrBarry123 said:

garystoybox said:

Not this old chestnut again..... the market will be flooded in 9 months for what is not much more than a heavier, face-lifted model imo.

I've heard, albeit from someone who heard from someone else, that a number of BMW dealers have had deposits cancelled by prospective buyers who submitted their deposit months ago in the hope for something more bespoke than what was released, and have been left a bit disappointed.

Disclaimer: I think the new M2 Comp looks great so I'm not complaining.

Edited by MrBarry123 on Tuesday 24th April 15:28

Yes I cancelled my deposit which I had down for two years. Great car but was looking for something with less weight and more track focussed CSL comes to mind but it won’t happen