M2 used prices post Competition

M2 used prices post Competition

Author
Discussion

fido

16,804 posts

256 months

Friday 28th December 2018
quotequote all
PTF said:
A couple of standard M2s are creeping under £30k now. Wasn't that long ago they were firmly at £35k.
I did ponder over that grey '16 M2 .. but it has more miles on it than my E92 M3 and way less kit (not even folding mirrors?!) Hardly a bargain. I'd not want it for 25k.

PTF

4,355 posts

225 months

Wednesday 22nd January 2020
quotequote all
Another year later. How are things looking now?

At the £30k price-point there seems to be plenty of choice, with the cheapest around the £27k mark.

So it doesn't seem that the M2C has had too much of a devastating effect on M2 residuals. Still plenty of demand for the standard M2.

I, for one, would have one in a heartbeat if i could make the maths work smile

jbaddeley

829 posts

206 months

Sunday 26th January 2020
quotequote all
Great cars at 25-30k. Thing there's more to come off them yet though, particularly as M2 C are creeping towards 35k almost.

Court_S

12,995 posts

178 months

Tuesday 28th January 2020
quotequote all
jbaddeley said:
Great cars at 25-30k. Thing there's more to come off them yet though, particularly as M2 C are creeping towards 35k almost.
Very tempting at those sort of prices; I’m casually keeping an eye on them because I fancy one after my M140i. I was convinced that a comp was the way to go mainly because stuff like the seats differentiate the interior from a normal 1/2 series but there’s quite a big gap on AUC’s which makes the non-comp a bit more compelling.

PTF

4,355 posts

225 months

Tuesday 28th January 2020
quotequote all
Based on my Autotrader watch list, anything less than £30k doesn't stay around for long. One was up for £26k at a car supermarket and got snapped up quickly

snorkel sucker

2,662 posts

204 months

Tuesday 28th January 2020
quotequote all
Looking at cars in the AUC network, the finance figures through BMW show some reasonably healthy GMV values, especially when you compare them to what the numbers are for an M4.


Liamst

165 posts

116 months

Wednesday 5th February 2020
quotequote all
I am also keeping one eye on AUC cars, a competition is probably exactly what i want but they are 100-200 a month more, which makes an m2 LCI seems such good value for money.

From what i have seen a lot of low mileage 18 reg M2 on AUC but dont seem to be selling until they are down in the 32k region. Had a fair few saved on autotrader from 35-36k that have been on there 12-16 weeks until they get to 32k and are suddenly gone.

Anyone gone from M140i to M2?

as7920

726 posts

202 months

Wednesday 5th February 2020
quotequote all
Liamst said:
I am also keeping one eye on AUC cars, a competition is probably exactly what i want but they are 100-200 a month more, which makes an m2 LCI seems such good value for money.

From what i have seen a lot of low mileage 18 reg M2 on AUC but dont seem to be selling until they are down in the 32k region. Had a fair few saved on autotrader from 35-36k that have been on there 12-16 weeks until they get to 32k and are suddenly gone.

Anyone gone from M140i to M2?
I went from Pre LCI M135i 8sp Auto to M2 LCI DCT

jbaddeley

829 posts

206 months

Wednesday 5th February 2020
quotequote all
There's a guy in m3 cutters just sold a comp for 35 k thereabouts. Was getting trade bids at 31-32k. Manual.

Liamst

165 posts

116 months

Thursday 6th February 2020
quotequote all
as7920 said:
I went from Pre LCI M135i 8sp Auto to M2 LCI DCT
How much happier are you?
My M140 is lightly modded so it will be a step back in power but a large step up in looks and handling. the deals might be too good to pass up at the moment.

Rchamps

55 posts

99 months

Friday 7th February 2020
quotequote all
jbaddeley said:
There's a guy in m3 cutters just sold a comp for 35 k thereabouts. Was getting trade bids at 31-32k. Manual.
This was me. Sold for £36k to first buyer (I think it was priced well for a private sale). Lucky it sold quickly as I picked up my M4CS a couple of days later.

as7920

726 posts

202 months

Friday 7th February 2020
quotequote all
Liamst said:
How much happier are you?
My M140 is lightly modded so it will be a step back in power but a large step up in looks and handling. the deals might be too good to pass up at the moment.
Yes, though I do wish I'd held out for M2 Competition, although my Mineral Grey is the best colour. Shame M2C doesn't have it.

It's different enough to the M135i, sure power upgrade isn't much but it's the experience, handling, drive etc makes it worth it.

nickfrog

21,189 posts

218 months

Tuesday 28th July 2020
quotequote all
As of today, there are only x2 AUC manual M2s. One Comp (ex Joe Achilles I believe) and one original that is "coming soon".

The rarity may explain why prices have firmed up of late.

mat205125

17,790 posts

214 months

Tuesday 28th July 2020
quotequote all
p1stonhead said:
DUBU said:
The M2 is far from a lightweight , stripped out back to basics road racer , I don't think 55kg increase or less than a 4% increase is going to have much of a detrimental effect..

In fact the chassis improvements, bigger brakes and extra power will more than address it.

In fact it may well be an even more engaging and entertaining drive.

Edited by DUBU on Wednesday 2nd May 15:12
55kg is like having a 8 and a half stone passenger next to you. Its a fair bit for a small car isnt it?


Edited by p1stonhead on Wednesday 2nd May 15:55
This is a perfect analogy

In all honesty, who genuinely feels a reduction in performance when they have a sub 9 stone passenger, or a full tank of fuel rather than quarter tank?

On the road this makes little difference

It's the hardware changes to bushings and suspension that make a difference, along with software for the engine and geometry

FTW

532 posts

177 months

Tuesday 28th July 2020
quotequote all
nickfrog said:
As of today, there are only x2 AUC manual M2s. One Comp (ex Joe Achilles I believe) and one original that is "coming soon".

The rarity may explain why prices have firmed up of late.
I am very keen to try a manual Comp having only drive DCT M2s in the past. How does the shift quality feel compared to say a Porsche? I'm a big fan of Porsche GT car shift feel; short, heavily sprung and very direct.

I've driven a manual E46 M3 (which is an old car now) and thought the shift quality was terrible. Notchy, long and a bit like steering coal. A 275 Cup-S was much better.


essexstu

519 posts

119 months

Tuesday 28th July 2020
quotequote all
FTW said:
I am very keen to try a manual Comp having only drive DCT M2s in the past. How does the shift quality feel compared to say a Porsche? I'm a big fan of Porsche GT car shift feel; short, heavily sprung and very direct.

I've driven a manual E46 M3 (which is an old car now) and thought the shift quality was terrible. Notchy, long and a bit like steering coal. A 275 Cup-S was much better.
Gear shift quality on the M2 Comp is far better than what I experienced in 993 and Boxster. No doubt helped by the stick being directly connected to the box rather than by linkages.

nickfrog

21,189 posts

218 months

Tuesday 28th July 2020
quotequote all
FTW said:
I am very keen to try a manual Comp having only drive DCT M2s in the past. How does the shift quality feel compared to say a Porsche? I'm a big fan of Porsche GT car shift feel; short, heavily sprung and very direct.

I've driven a manual E46 M3 (which is an old car now) and thought the shift quality was terrible. Notchy, long and a bit like steering coal. A 275 Cup-S was much better.
So if we accept that the benchmark for shift quality and feel is the S2000's and gets a 10 out of 10, this is how I would mark the others that I have owned or driven:

275 Cup-S: 5
E46 M3: 6
M2: 7
986/987: 8 (never driven a GT(X))


Edited by nickfrog on Tuesday 28th July 21:17

PTF

4,355 posts

225 months

Monday 8th February 2021
quotequote all
Another chunk of time has passed.

There is now plenty of choice of AUC OG M2s for sub £30k. A few higher mileage non AUC from £26k ish.

So i think they've dropped a little in the last year, but not as much as i had hoped.

Then again, i think covid has skewed the market quite a bit. M140is are still holding firm at £19k ish for an AUC. IMO there's always going to be a gap between the two of at least £5k. Why buy an M140i if an M2 was only a gew grand more? So i think it's a case of the tail wagging the dog!

Personally i still want an OG DCT in long beach blue. A pre march 2017 car to avoid the higher 6 year long tax bracket. The way prices are, i'll probably be waiting a while, so maybe a comp would be viable but that means waiting until 2024-25 for the 2018+ cars to fall out of high tax.

nickfrog

21,189 posts

218 months

Monday 8th February 2021
quotequote all
PTF said:
Personally i still want an OG DCT in long beach blue. A pre march 2017 car to avoid the higher 6 year long tax bracket.
True but then after the 6 years it drops to less than half of the cost of a pre April 17 car...

ubbs

650 posts

218 months

Monday 8th February 2021
quotequote all
PTF said:
Another chunk of time has passed.

There is now plenty of choice of AUC OG M2s for sub £30k. A few higher mileage non AUC from £26k ish.

So i think they've dropped a little in the last year, but not as much as i had hoped.

Then again, i think covid has skewed the market quite a bit. M140is are still holding firm at £19k ish for an AUC. IMO there's always going to be a gap between the two of at least £5k. Why buy an M140i if an M2 was only a gew grand more? So i think it's a case of the tail wagging the dog!

Personally i still want an OG DCT in long beach blue. A pre march 2017 car to avoid the higher 6 year long tax bracket. The way prices are, i'll probably be waiting a while, so maybe a comp would be viable but that means waiting until 2024-25 for the 2018+ cars to fall out of high tax.
https://usedcars.bmw.co.uk/vehicle/202102028625738?quoteref=62795b65-000b-4aa3-a490-b90eb7f03cbf
My old car very well looked after 11.5k miles, never saw a salty road and a £306 agm battery on the day I px’ed itfrown