M2 used prices post Competition

[ratty6464]

Ursicles said:

Going to look at selling my E92 M3 manual for an M2C, but can see M3 manual's holding their price going forward.

Tricky one!!

I’m in the same boat, really tempted by the competition, but it would involve selling the e92 manual comp pack which is surely a depreciation light car to keep for the foreseeable.

[Ursicles]

Just did a evans halshaw thing on my M3 ... bought it in Jan from a main dealer, and the EH offer was only £400 less than i paid for the car!

[nickfrog]

Monkey_boy said:

Surely because you can now get a reasonably spec'd pre-reg LCI M2 now with less than 100 miles for £41k that means prices for 2nd hand ones will fall.

I am currently in the market for a low mileage M235i, but I do wonder if I should I wait for M2 prices to fall a bit. By the time you've put an M P kit and alloys on a baby M you've spent £5k, you might as well spend another ~7k if you can on an secondhand M2.

Yes particularly as neither of these upgrades will help against the M suspension, including camber, the wider tracks and obviously the diff. The only upside for the M235i for me would be the smaller track friendly 18' wheels but I understand the official M2 winter wheels make for a decent oe solution.

[GT3cs]

So "shmee" has posted he has a €100,000 M2 Comp on the way . As I suggested earlier in the thread with the big option list , particularly of trick M performance parts there's going to lots of expensive cars out there . A £40k pre comp car should look good value .

[nw942]

Discussion on m3cutters: http://forums.m3cutters.co.uk/showthread.php?t=195... and related link: https://f87.bimmerpost.com/forums/showthread.php?t...

Up to 34kg weight saving speculated - bonnet, boot, wings, exhaust.

Put these on the 'old' car and you have ~ 90kg weight saving (55+34) over the new.

I'll ignore costs

[wioifoiee]

GT3cs said:

So "shmee" has posted he has a €100,000 M2 Comp on the way . As I suggested earlier in the thread with the big option list , particularly of trick M performance parts there's going to lots of expensive cars out there . A £40k pre comp car should look good value .

So you reckon it will go the other way then, due to the price gap to the M2 CP, values of the stock M2 will hold and now is the time to buy instead of waiting a year?

[KenC]

High list price does not necessarily equate to high residuals. Take a £70k+ M4 which trades at £45k immediately. Look at M5, M6 etc. Is there any reason to suggest the M2C will buck this trend?

[jimPH]

KenC said:

High list price does not necessarily equate to high residuals. Take a £70k+ M4 which trades at £45k immediately. Look at M5, M6 etc. Is there any reason to suggest the M2C will buck this trend?

But the price Delta new should be factored in to the resale.

Look what it did to R35's for 10 years.

[Steve Rance]

Thats how I think that it will go. I still believe that the smart money is going with the early car and modifying if needed. They only need some decent dampers and maybe a remap if you really want the power. There will always be the 'next shiny thing' element but in terms of value, I think the older car will be the better buy. I decided not to hold off because I thought that the new car would carry more weight and counter with more power. For me, that doesnt work.

[GT3cs]

wioifoiee said:

GT3cs said:

So "shmee" has posted he has a €100,000 M2 Comp on the way . As I suggested earlier in the thread with the big option list , particularly of trick M performance parts there's going to lots of expensive cars out there . A £40k pre comp car should look good value .

So you reckon it will go the other way then, due to the price gap to the M2 CP, values of the stock M2 will hold and now is the time to buy instead of waiting a year?

I’m thinking the biggest drop is what’s happened already in the last 6months . I think the depreciation curve will slow now , particularly as the new pre comp stock drys up at the dealers .

I’ve come from a long history of Porsche and it still feels like I stole the car off the dealer for £42k . I can’t recall any previous purchase where I would happily of paid another £4/ £5k without a worry .

But saying that who the hell knows what will happen ! But it can’t hurt having used 2018 cars out there at the end off year for sale at £70k+ that actually still weigh the same if not a little more than the pre comp cars .

[wioifoiee]

GT3cs said:

I’m thinking the biggest drop is what’s happened already in the last 6months . I think the depreciation curve will slow now , particularly as the new pre comp stock drys up at the dealers .

I’ve come from a long history of Porsche and it still feels like I stole the car off the dealer for £42k . I can’t recall any previous purchase where I would happily of paid another £4/ £5k without a worry .

But saying that who the hell knows what will happen ! But it can’t hurt having used 2018 cars out there at the end off year for sale at £70k+ that actually still weigh the same if not a little more than the pre comp cars .

yeh but the cars are not £70k are they?

the schmee example has had a ton of extras and mods put on it and is a bit of a one off - i doubt every M2 competition pack buyer will whack all that on?
evo says the actual standard M2 comp is £47260.

[GX337]

Manual m2c is just under £50k so £3k price hike plus no discounts, so in reality at least £10k more than current m2 deal prices especially once you start adding options.
Evo got the facts wrong on pricing.

[GT3cs]

wioifoiee said:

yeh but the cars are not £70k are they?

the schmee example has had a ton of extras and mods put on it and is a bit of a one off - i doubt every M2 competition pack buyer will whack all that on?
evo says the actual standard M2 comp is £47260.

Yes I get your point and I'm just speculating , but the shmee car shows you can get it up to £90k, so my £70k quote was assuming most people won't take it as far as him, but will want the fancy seats , wheels , suspension , exhaust without going as far as carbon roof , bonnet etc . Even at £62k it's a 50% increase on what I've just paid new . Is there a full price list yet ?

[Upnor]

Blimey, talk about over complicate things! 2 years ago I walked into a BMW dealers wanting a M2, told it would be 18 months so I got a 2 yr old 640dGC, nice car, paddles on a 8 speed diesel pointless, exciting, no!
Roll on 2 yrs just picked up a Pre-Reg M2 Lci, 37 miles on the clock, DCT for just under £41k and guess what, I love it, it's quick, it handles and it's exciting, paddles make sense with 7500rpm to play with not 4500.
Live for the now people, for the sake of a few bragging rights and probably a yrs wait bag yourself a bargain and start enjoying it or you can sit there counting your pennies worrying about money, snuff it and leave it all to Mrs May and your kids, who will spend it all on booze and drugs.
Crack on, now where's the nearest garage I need to burn more fossils!

[161BMW]

Is it possible to have M2 Competition from FACTORY with NEW Genuine BMW chrome kidney grills ????

I cannot stand the black grilles which make it look too chavvy and have a stench of aftermarket about them

[nickfrog]

161BMW said:

Is it possible to have M2 Competition from FACTORY with NEW Genuine BMW chrome kidney grills ????

I cannot stand the black grilles which make it look too chavvy and have a stench of aftermarket about them

Doubt it but I am sure a M2 owner having swapped will sell you or give you chrome ones. They take 10 minutes to swap.

I don't think the black one look aftermarket as they are sold by BMW dealers but I get your point !

[as7920]

161BMW said:

Is it possible to have M2 Competition from FACTORY with NEW Genuine BMW chrome kidney grills ????

I cannot stand the black grilles which make it look too chavvy and have a stench of aftermarket about them

I don't think BMW will even make a chrome version.

There isn't a standard car with them to be based upon as that was replaced and looks different.

[DLT 222]

I stuck 500 quid down for the Comp when pics broke. Supposedly one of the first in the UK according to BMW - We will see.

There is still no solid pricing yet so it all depends on how much it will blow my brains out for cash when pricing is released!

[PTF]

How has this panned out so far?

A couple of standard M2s are creeping under £30k now. Wasn't that long ago they were firmly at £35k.

e.g. https://www.autotrader.co.uk/classified/advert/201...

Edited by PTF on Friday 21st December 15:39

[nickfrog]

Not really, based on my ferocious price tracking . You could buy a sub 20k miles 18 month old car for £32k at the end of the summer. Prices have firmed up a little, although that one is probably decent value at £30k despite twice the expected average mileage.