M2 used prices post Competition
Discussion
Looking at prices I am (selfishly) surprised how well the early manual cars are doing. There is still not that many and they don't seem to be cheaper than equivalent DCT cars. I can't see that trend changing as they seem to have made even less manuals proportionally on LCI and Comp guises.
ubbs said:
https://usedcars.bmw.co.uk/vehicle/202102028625738...
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 it
Yum yum yumMy 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 it
Well I have just looked at the BMW AUC site and there are 160 M2 for sale and only 11 are manuals. So only 7% returning to BMW. Perhaps an indicator of the popularity of manuals over autos within the used market.
Personally I think enthusiasts will hanker after the manuals so they will remain in shorter supply. Particularly as they get older. The people with money to 'waste' and wealthy will opt for 'autos'.
For me it would have to be a manual but ideally with bucket seats. Do the M2 Competition come with the BMW Perfomance seats - ? I have not really kept up with them recently. It fell apart for me when they called it a competiton but made it heavier.
Pip
Personally I think enthusiasts will hanker after the manuals so they will remain in shorter supply. Particularly as they get older. The people with money to 'waste' and wealthy will opt for 'autos'.
For me it would have to be a manual but ideally with bucket seats. Do the M2 Competition come with the BMW Perfomance seats - ? I have not really kept up with them recently. It fell apart for me when they called it a competiton but made it heavier.
Pip
You don't have to be wealthy to go for a DCT nor even waste money as they are the same price as manuals (for the reasons that you have highlighted) on the used market. Plenty of enthusiasts in DCTs too.
As for seats, there are no options, either the M135i seats with a M logo on the OG / N55 cars or the M3/M4 seats in the Comp.
Very similar level of support between them particularly with the lumbar support option. The M3 seats do look nicer and more luxurious though.
Recaro Sportsters do fit if you go for an aftermarket solution. A great idea, particularly on track.
As for seats, there are no options, either the M135i seats with a M logo on the OG / N55 cars or the M3/M4 seats in the Comp.
Very similar level of support between them particularly with the lumbar support option. The M3 seats do look nicer and more luxurious though.
Recaro Sportsters do fit if you go for an aftermarket solution. A great idea, particularly on track.
PTF said:
Seeing a few AUC cars down to £27k ish now.
Really hoping these creep into the £20k-£25k bracket by 2022
If you're saying that will lose £2k to £3k in the next 12 months, I agree but hopefully/selfishly not more Really hoping these creep into the £20k-£25k bracket by 2022
. I know of a 1 owner 50k miles car that just sold privately for close to £26k, which is consistent with the cheapest AUC at £27,710 on 48k miles.Edited by nickfrog on Wednesday 17th March 10:53
I am looking at M2s vs M240i (say 2016/17 and sub 35000 miles, not necessarily AUC but with full BMW FSH). I think the 'how much better is the M2' discussion has been done many times, but for me if the M240i was sufficiently cheaper than an M2 I'd still consider it.
The thing is the like for like delta seems to be about £8K (say £27K vs £19K) - maybe with a well bought M2 you might get the delta to £7K. I'd expect greater depreciation with the M240i, and it feels to me the delta should be nearer £10-11K at this time, especially considering that both are boosted by this perverse Covid price hike (same cars, now a year older, being advertised for more now that the start of 2020) - there is clearly only one way to go, & I think the M240i will fare worse
Thoughts, not on which is better, we all know the answer to that, but on the price delta?
The thing is the like for like delta seems to be about £8K (say £27K vs £19K) - maybe with a well bought M2 you might get the delta to £7K. I'd expect greater depreciation with the M240i, and it feels to me the delta should be nearer £10-11K at this time, especially considering that both are boosted by this perverse Covid price hike (same cars, now a year older, being advertised for more now that the start of 2020) - there is clearly only one way to go, & I think the M240i will fare worse
Thoughts, not on which is better, we all know the answer to that, but on the price delta?
Edited by volvos60s60 on Wednesday 17th March 14:11
volvos60s60 said:
Thoughts, not on which is better, we all know the answer to that, but on the price delta?
Even if you're wrong about the delta (which you're not) and it's actually closer to £10k, then I think the M2 won't lose more than the M240i in £ terms.So in effect you're just missing out on £10k worth of opportunity cost or finance cost by choosing one rather than the other. At 2% or 3% that's £200/£300 pa actual delta.
The other cost deltas between the 2 cars will be:
- servicing is the same (which works out at £200/year using BMW value servicing for cars over 3 years)
- insurance is bound to be close (I pay £230 for the M2, how much cheaper can the M240i be?)
- consumables will be a relatively significant delta what with 19' tyres and expensive discs if you need them (pads are the same). I would estimate that particular delta at perhaps £1000 to £1,500 over a 5 year cycle, depending on mileage.
- tax will either be the same or more for later M2s but then is will be less than early M240i I think after 6 years.
- extended warranty will probably be 50% more for the M2 if you insist on it
For me it's a no brainer between the two cars.
Edited by nickfrog on Wednesday 17th March 21:18
nickfrog said:
If you're saying that will lose £2k to £3k in the next 12 months, I agree but hopefully/selfishly not more . I know of a 1 owner 50k miles car that just sold privately for close to £26k, which is consistent with the cheapest AUC at £27,710 on 48k miles.
As ever, Frog's numbers are completely wrong on this. You'll be fine with an M2, it's a fine car and (even irrespective of the fact that money isn't everything) you will actually end up doing better with a quality prestige german motor in the UK than you will most other vehicles. . I know of a 1 owner 50k miles car that just sold privately for close to £26k, which is consistent with the cheapest AUC at £27,710 on 48k miles.Edited by nickfrog on Wednesday 17th March 10:53
Gordon_Roslin said:
nickfrog said:
If you're saying that will lose £2k to £3k in the next 12 months, I agree but hopefully/selfishly not more . I know of a 1 owner 50k miles car that just sold privately for close to £26k, which is consistent with the cheapest AUC at £27,710 on 48k miles.
As ever, Frog's numbers are completely wrong on this. You'll be fine with an M2, it's a fine car and (even irrespective of the fact that money isn't everything) you will actually end up doing better with a quality prestige german motor in the UK than you will most other vehicles. . I know of a 1 owner 50k miles car that just sold privately for close to £26k, which is consistent with the cheapest AUC at £27,710 on 48k miles.Edited by nickfrog on Wednesday 17th March 10:53
I am very confident with my numbers, so which ones are "completely wrong" please?
Luke. said:
We can all stop using the word 'delta'.
Not sure where to start Gordon. I find the word delta quite appropriate. In fact that's the word the poster chose in his question. If it upsets you so much then that probably is your problem. I can't remember ever encouraging anyone into debt. And that really has nothing to do with "delta" (???).As for the RS MK3, I have never been a big fan, unlike you.
Edited by chris.mod on Saturday 20th March 09:08
Funny thread here for anyone interested in Gordon's MO. Personally, I am a big fan. https://www.pistonheads.com/gassing/topic.asp?h=0&...
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?
Update on this - the original M2 prices are holding out pretty well tbh?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?
nickfrog said:
Indeed - WBAC is offering me £28,800 for a car that paid £30k for AUC exactly a year ago. And obviously WBAC doesn't know about any options although I don't think they add much but still...
And yet when it suits you, the M2 is a monster of depreciation. What farce! Yes losing 2k is obviously outrageous. Gordon_Roslin said:
nickfrog said:
Indeed - WBAC is offering me £28,800 for a car that paid £30k for AUC exactly a year ago. And obviously WBAC doesn't know about any options although I don't think they add much but still...
And yet when it suits you, the M2 is a monster of depreciation. What farce! Yes losing 2k is obviously outrageous. 
.My car lost £20,000 in its first 3 years prior to my ownership - it's a fact, not an opinion. It doesn't matter if it suits me or not. (that's a least 3 times more than a new FRS3 btw).
My car lost £1,200 in its fourth year - it's a fact, not an opinion. It doesn't matter if it suits me or not.
I expect it to lose £2k to £3k a year for the 3 years to come, I don't think it's outrageous.
That's consistent with what M cars do in terms of dep curve - but you would know already anyway, remember you have one (allegedly).
I have no idea what your point is though
but if you do, that's the main thing.Edited by nickfrog on Thursday 25th March 18:25
Gordon_Roslin said:
Well no they have appreciated in value over the last 2 years, based on my WBAC quote.
Ah the guy that only sees WBAC prices.... 
Their prices are totally random depending on the car. An e46 M3 is worth £5k and a TVR Cerbera 59p. Whereas a new Civic Type R is £30k.
Pointless looking at WBAC values, look at what actual comparable cars are selling for.
Gassing Station | M Power | Top of Page | What's New | My Stuff