Discussion
I'm thinking to buy an M car for the week-ends. I have owned BMWs in the past, but never an M.
I think I have narrowed it down to either an E46 M3 or a 1M.
What do you guys think ? It would be just a week-end car to toss around. I think prices of 1M are going up and I would like to get one while I can. What's your opinion ?
Thanks.
I think I have narrowed it down to either an E46 M3 or a 1M.
What do you guys think ? It would be just a week-end car to toss around. I think prices of 1M are going up and I would like to get one while I can. What's your opinion ?
Thanks.
Totally different price brackets , unless you mean E46 M3 CSL?
I have a E46 M3 and can vouch for it being a fun car , but I don’t think it’s quite in fun plus (potential) investment category yet , so if you have the money I can see logic in going 1M.
There are 2 private sellers with them on m3cutters if you take that option £40k and £50k ; don’t think they’re on sale elsewhere yet.
I have a E46 M3 and can vouch for it being a fun car , but I don’t think it’s quite in fun plus (potential) investment category yet , so if you have the money I can see logic in going 1M.
There are 2 private sellers with them on m3cutters if you take that option £40k and £50k ; don’t think they’re on sale elsewhere yet.
Smuler said:
don’t think they’re on sale elsewhere yet.
I think they're a bit too niche for AutoTrader so get lumped into the '1 Series' group - currently 11 hitsagree regarding investment aspect, there are just too many E46 M3's about so it's a buyers market at the mo'
M3s are mostly not moving.
Unless you're willing to go see lots and find the gems that do move, it's really a tough market as everyone is saying 'investment' and pricing accordingly, even shoddy examples needing £££ spending are keenly priced.
Not sure either are that exciting from a weekend only perspective... they are and still are perfectly normal day to day cars.
Z4M might be a better choice?
Unless you're willing to go see lots and find the gems that do move, it's really a tough market as everyone is saying 'investment' and pricing accordingly, even shoddy examples needing £££ spending are keenly priced.
Not sure either are that exciting from a weekend only perspective... they are and still are perfectly normal day to day cars.
Z4M might be a better choice?
There is some debate as if if they are worth their status. They are an investment piece however and undoubtedly a bundle of fun!
https://twitter.com/ThePollitt/status/959012419812...
An E46 is a great bit of kit with a great chassis and noise to match but short of getting a CSL which seems to be stagnant once again M3s IMHO won't rise for a while despite the smaller bump. They really are not as rare as people think ; 2-3,000 IIRC are still on our roads, half of what was around before. Yes, there are many less good ones however, which can make it hard to judge what a good car actually drives like ; many will claim theirs are top class when a number of key things will make them fall below par.
An M3 CS however may be another way into that.
https://twitter.com/ThePollitt/status/959012419812...
An E46 is a great bit of kit with a great chassis and noise to match but short of getting a CSL which seems to be stagnant once again M3s IMHO won't rise for a while despite the smaller bump. They really are not as rare as people think ; 2-3,000 IIRC are still on our roads, half of what was around before. Yes, there are many less good ones however, which can make it hard to judge what a good car actually drives like ; many will claim theirs are top class when a number of key things will make them fall below par.
An M3 CS however may be another way into that.
Edited by SebringMan on Monday 26th February 08:07
As an owner of an E46 M3 for 10 years, and also nearly buying a 1M new in 2011, i cant deny that looking back the 1M 'had' real investment potential - in that i could have bought it, owned it 4/5/6 years with 40-50K on clock and got my money back. Hindsight! yes. I say 'had' because i dont think the values represent a car worth say £50K - and i'll be surprised if they increase much more.
However (not dissing the 1M - just my opinion) the main reason i didn't buy the 1M in the first place is after driving it for a period of time it really didn't wow me....or feel special enough, yes its fast, handles well, and the Valencia orange was striking, but i already had a that time a 1 series Company car daily, so it felt (interior wise especially) like for £40K it was just a hotted up 1 series coupe - the seats and interior did not feel like a £40K car, and having to trade my E46 in and pay a considerable amount more didn't seem like it was justifiable - to me anyway. I got back in My E46 and didn't look back.....until i saw the values after 4 years! but looking back prices aside, still dont think i'd have traded by E46 for one, and i most certainly would not pay the current asking prices for them.
As some have said already the 1M and E46 (price wise) are not really comparable, but i myself did (at that time) compare them when looking to buy as i already had the E46, all i can say is drive both and see where you end up. If you have chance drive a CSL as well, but considering you can get a CSL for the same money, or a very nice E46 for £20K and have something else, the numbers just dont stack up i dont think.
You could also look for a late model, ltd edition E92 V8 M3 and that would be another option?
There are a lot of cars around in the £40-50K price bracket, i mean £54K gets you a 2010 23K mile, manual V10 Audi R8...so £50K for a used 1 series....
Andy
However (not dissing the 1M - just my opinion) the main reason i didn't buy the 1M in the first place is after driving it for a period of time it really didn't wow me....or feel special enough, yes its fast, handles well, and the Valencia orange was striking, but i already had a that time a 1 series Company car daily, so it felt (interior wise especially) like for £40K it was just a hotted up 1 series coupe - the seats and interior did not feel like a £40K car, and having to trade my E46 in and pay a considerable amount more didn't seem like it was justifiable - to me anyway. I got back in My E46 and didn't look back.....until i saw the values after 4 years! but looking back prices aside, still dont think i'd have traded by E46 for one, and i most certainly would not pay the current asking prices for them.
As some have said already the 1M and E46 (price wise) are not really comparable, but i myself did (at that time) compare them when looking to buy as i already had the E46, all i can say is drive both and see where you end up. If you have chance drive a CSL as well, but considering you can get a CSL for the same money, or a very nice E46 for £20K and have something else, the numbers just dont stack up i dont think.
You could also look for a late model, ltd edition E92 V8 M3 and that would be another option?
There are a lot of cars around in the £40-50K price bracket, i mean £54K gets you a 2010 23K mile, manual V10 Audi R8...so £50K for a used 1 series....
Andy
Beato said:
Get a CS!
The rarer the better
I had a 1M for a year - great little rocket ship, but it just didn’t have that high-revving M character that I associated with my previous M cars (e28 M5, e46 M3s, Z4MC, e92 M3).
I sold it and bought the nicest, low-mileage CS I could find... and then sadly had to sell that when we moved from the UK.
So personally, if I were choosing again, I’d pick either a CS or CSL depending on depth of pockets and passion for hard-back seats.
superpippo said:
. I think prices of 1M are going up and I would like to get one while I can.
I'm not sure they are, maybe for the ultra low mileage stuff but not for the average mileage usable cars. I bought mine from an independent dealer just over a year ago and looking at the PH ads, I could buy a similar car for the same price today.There is quite a few 1m’s currently up for sale and have been for a good few months now
And still not selling.
And by that statement I am not just meaning higher mileage cars as there is a few low
Mileage car as well.
I personally think the high prices for these car has been and gone.
Owners and traders need to understand the ship has sailed on these
Cars and prices have to reflect this.
Tdgti said:
There is quite a few 1m’s currently up for sale and have been for a good few months now
And still not selling.
And by that statement I am not just meaning higher mileage cars as there is a few low
Mileage car as well.
I personally think the high prices for these car has been and gone.
Owners and traders need to understand the ship has sailed on these
Cars and prices have to reflect this.
Prices of the 1M are static and probably will be for a while but they will not drop. In the long run they will continue to rise. It is a low production car with huge appeal and a huge fan base.And still not selling.
And by that statement I am not just meaning higher mileage cars as there is a few low
Mileage car as well.
I personally think the high prices for these car has been and gone.
Owners and traders need to understand the ship has sailed on these
Cars and prices have to reflect this.
The car has risen and will continue to rise in every world wide market, only 6309 built and quite a few have already been written off.
Bayerische said:
Tdgti said:
There is quite a few 1m’s currently up for sale and have been for a good few months now
And still not selling.
And by that statement I am not just meaning higher mileage cars as there is a few low
Mileage car as well.
I personally think the high prices for these car has been and gone.
Owners and traders need to understand the ship has sailed on these
Cars and prices have to reflect this.
Prices of the 1M are static and probably will be for a while but they will not drop. In the long run they will continue to rise. It is a low production car with huge appeal and a huge fan base.And still not selling.
And by that statement I am not just meaning higher mileage cars as there is a few low
Mileage car as well.
I personally think the high prices for these car has been and gone.
Owners and traders need to understand the ship has sailed on these
Cars and prices have to reflect this.
The car has risen and will continue to rise in every world wide market, only 6309 built and quite a few have already been written off.
When in thre last two - three years have so many been up for sale at one time.
There was a time when it was rare for a 1m to be up for sale and you could guarantee
At least half a dozen serious buyers chasing it.
Fact.
Tdgti said:
The 1m’s currently up fo sale confirm my point they are overpriced and not moving.
When in thre last two - three years have so many been up for sale at one time.
There was a time when it was rare for a 1m to be up for sale and you could guarantee
At least half a dozen serious buyers chasing it.
Fact.
Complete rubbish!!! There has always been a good selection of 1M's for sale since they were launched in 2011. Some have gone into long term ownership but many have been sold three or four times as many owners buy and flip them for short term ownership just to experience the car for virtually free motoring as prices have continued to climb.When in thre last two - three years have so many been up for sale at one time.
There was a time when it was rare for a 1m to be up for sale and you could guarantee
At least half a dozen serious buyers chasing it.
Fact.
If you are trying to talk prices down just so you can get one cheap, that simply wont happen. Demand outstripes supply in every market worldwide since launch.
Edited by Bayerische on Wednesday 28th February 23:32
Bayerische said:
Tdgti said:
The 1m’s currently up fo sale confirm my point they are overpriced and not moving.
When in thre last two - three years have so many been up for sale at one time.
There was a time when it was rare for a 1m to be up for sale and you could guarantee
At least half a dozen serious buyers chasing it.
Fact.
Complete rubbish!!! There has always been a good selection of 1M's for sale since they were launched in 2011. Some have gone into long term ownership but many have been sold three or four times as many owners buy and flip them for short term ownership just to experience the car for virtually free motoring as prices have continued to climb.When in thre last two - three years have so many been up for sale at one time.
There was a time when it was rare for a 1m to be up for sale and you could guarantee
At least half a dozen serious buyers chasing it.
Fact.
If you are trying to talk prices down just so you can get one cheap, that simply wont happen. Demand outstripes supply in every market worldwide since launch.
Edited by Bayerische on Wednesday 28th February 23:32
And that’s a fact.
Last year traders struggled to sell any they had and were forced to lower the prices
Just to move them on fact.
Two extremely low mileage obviously collectors cars at 6k and 2.7k both are pounds
Under 60k are not selling fact.
Slightly higher mileage cars at 22k to 35k priced at 46-48k are not selling fact.
Slightly higher mileage again 45k -60k priced at 40k-42k are not selling fact.
The only 1m cars that sold recently are the extremely high mileage cars with 90k
And above on the clock and both sold for around the 30k mark fact.
Check the markets mate 👍
Bayerische said:
If you are trying to talk prices down just so you can get one cheap, that simply wont happen. Demand outstripes supply in every market worldwide since launch.
I suspect you may well be an owner of the low production car with huge appeal and a huge fan base yourself ha ha.
Oh dear !!!
Whole of the classic car market is quiet. Same with Porsche. Bit like the stock market you get highs and lows. 1M still seen as a good place to put your money. Very few fun cars you can enjoy with no depreciation.
The other thing is they are cheap to run. Some on the forum have done 140000 miles and little has gone wrong
The other thing is they are cheap to run. Some on the forum have done 140000 miles and little has gone wrong
Tdgti said:
Bayerische said:
If you are trying to talk prices down just so you can get one cheap, that simply wont happen. Demand outstripes supply in every market worldwide since launch.
I suspect you may well be an owner of the low production car with huge appeal and a huge fan base yourself ha ha.
Oh dear !!!
I suspect you are an idiot.If you are trying to talk prices down just so you can get one cheap, that simply wont happen. Demand outstripes supply in every market worldwide since launch.
I suspect you may well be an owner of the low production car with huge appeal and a huge fan base yourself ha ha.
Oh dear !!!
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