BMW M2 deal, talk me out of it please

BMW M2 deal, talk me out of it please

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Chestrockwell

Original Poster:

2,624 posts

156 months

Monday 12th March 2018
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BMW M2, 36 month 5 k upfront 500 a month for a DCT M2 with Harmon kardon & heated seats. 8k mileage.

Just had a test drive and it’s blown my mind! Not so much the speed, more so the steering, handling, gearbox and the diff.

It put its power down so well in the wet and I was so surprised, not sure how anyone would pick an RS3/A45 over this, unless you’re a complete nutcase, all this RWD V AWD is nonsense on public roads imo.

It was barely run in, had about 400 miles and didn’t feel that much quicker than my 430d which is a given, I’m not even worried performance that much, not when everything else about the car is so good, I just couldn’t believe how well it took corners, so much grip and the steering was just brilliant. I’ll add that it was wet again.

My question is really, to the M2 owners out there, how are running costs? Brakes, tyres & servicing etc. I’ve heard about the M tax and I don’t want to get myself into something I’ll regret. As it stands I have a loan on my car that I’m paying off separately as being tied into a car with contracts, limitations & cancellation fees puts me off but this deal does sound great. I could sell my car, use the difference on the loan/value as the deposit and just pay the 50 extra a month.

I guess I want the car...and the answer to my questions are above....what I’m saying is, can someone talk me out of this please? I’m 24 and insurance won’t be kind to me either but I neeeeedddd that car in my life frown

snorkel sucker

2,662 posts

202 months

Monday 12th March 2018
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Granted there were only two available, but Park Lane BMW had a deal on at the weekend for an M2 that was £0 deposit and £450/month for 48 months/8k miles.

Just to give some context to the figures you've mentioned.



sbk1972

850 posts

75 months

Monday 12th March 2018
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I appreciate its a good car but £5000 + ( 36 x £500 ) = £23K for 3 years motoring then you give the car back ?

£10K can buy you a lot of good 2rd hand metal, and after 3 years will still be worth 5K.

£23K to sit in a new M2 for 3 years.

Christ. Perhaps Im just old school / 45 year old guy, rather own than rent.

Fair play to you though.

SBK

Brainpox

4,054 posts

150 months

Monday 12th March 2018
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Can't help with the deal. I've had my M2 less than a year and lost lots of money on it so I'm hardly the one to be advising on that kind of thing.

Just wanted to say I agree I can't believe how well it grips in the wet - and I came from an RS3. As long as you're not an absolute tool it'll push out of corners with ease. It's even more fun in the summer though! Good luck with getting the deal done, there aren't many better cars imo, regardless of budget smile

Regarding servicing - the car I got had a 5 year service pack on it, which I wasn't told about. So maybe check and see if there's a similar pack on the one you're looking at.

Oh and as I've just had my first tyre change, the rears are £430 for the pair and should last at least 10k miles, but will go to 15k if you're more gentle. Fronts last forever.

swanny71

2,849 posts

208 months

Monday 12th March 2018
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OP - go check out the babybmw.com M2 sub-forum for an idea of decent deals, the one you've been offered isn't great.

e30m3Mark

16,205 posts

172 months

Monday 12th March 2018
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Save some cash and buy a tweaked M135i instead. smile

The Selfish Gene

5,470 posts

209 months

Monday 12th March 2018
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M3 V8 second hand - good one - 20k

Andy OH

1,903 posts

249 months

Monday 12th March 2018
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swanny71 said:
OP - go check out the www.babybmw.net M2 sub-forum for an idea of decent deals, the one you've been offered isn't great.
As Swanny says check out the link above and find TRL (Tony at Berry BMW Heathrow) he'll be able to better that deal. Sadly I only found out about Tony and Berry Heathrow after buying my M2 and then joining the Baby BMW forum. I ordered mine when there were long waiting lists and so the dealers were saying no cars were available, however, that has all changed now.

I do not in any way regret buying the M2 as it is a fantastic car and I have owned a few cars (check my profile) and I think it's the best M car I've owned apart from my E30 M3 Sport Evolution which I sold about 15 years ago now.

ETA. I corrected the link as it's .net




Edited by Andy OH on Monday 12th March 19:52

CSK423

761 posts

206 months

Tuesday 13th March 2018
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sbk1972 said:
I appreciate its a good car but £5000 + ( 36 x £500 ) = £23K for 3 years motoring then you give the car back ?

£10K can buy you a lot of good 2rd hand metal, and after 3 years will still be worth 5K.

£23K to sit in a new M2 for 3 years.

Christ. Perhaps Im just old school / 45 year old guy, rather own than rent.

Fair play to you though.

SBK
I imagine this is a PCP and if so, there are other options to handing it back. Pay balance and keep or sell and keep/use the equity between the sell value and your balance owed.

Chestrockwell

Original Poster:

2,624 posts

156 months

Tuesday 13th March 2018
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Thanks everyone for the links and insight. M2 ownership does seem to appeal and I found so many other M2 threads so I know all that I need to know.

It’s become clear that the deal I’ve been offered isn’t great at all so I’ll be holding on until I find a better deal.

I actually took my car for a spirited drive last night and concluded that when it’s in the peak torque range, I really don’t need anything faster, I don’t need to spend the extra money so I went to sleep thinking, sod it, I’ll just keep it.

I woke up this morning, walked over to the car and heard that cold diesel fire into life...it had to change! Haha I need that M2z

With regards to the cheaper alternatives, such as older M3’s or anything older worth 10k, I’d actually rather pay a little bit extra and have a new car with a warranty, all the creature comforts I’ve gotten used to, not have to worry about MOT’s and big service bills. I just prefer a new car even if I lose more money!

nickfrog

20,871 posts

216 months

Thursday 15th March 2018
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sbk1972 said:
rather own than rent.
Yes me too...but only if owning is cheaper.

At £21,600 over 4 years for the £450 Park Lane deal, the car was probably cheaper to rent than to own, particularly when you consider the interest on the £46k that you're saving (probably £80/month based on a typical 2.5% mortgage), even without the possible equity at the end if it was a PCP.

On the other hand, the OP's deal is probably tipping the balance the other way...

PorkInsider

5,877 posts

140 months

Thursday 15th March 2018
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sbk1972 said:
Christ. Perhaps Im just old school / 45 year old guy, rather own than rent.

SBK
Not this bks again.

creepy coupe

302 posts

132 months

Friday 16th March 2018
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OP. Have you had a decent test drive in one? I tried one and decided its ride was too figiity for me as it would be my daily driver. I ended up going for a new M240 and saved £3500 on the deposit and £100 a month. The ride in the 240 with adaptive dampers is much easier to live with. Just a thought.

Chestrockwell

Original Poster:

2,624 posts

156 months

Wednesday 21st March 2018
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creepy coupe said:
OP. Have you had a decent test drive in one? I tried one and decided its ride was too figiity for me as it would be my daily driver. I ended up going for a new M240 and saved £3500 on the deposit and £100 a month. The ride in the 240 with adaptive dampers is much easier to live with. Just a thought.
I took it for a 15 minute drive which was meant t be a 30 minute drive biggrin

I did think of the M240i after I realised I couldn’t comfortably afford the M2.

I have driven the M135i which is sort of the same as the M240i and it just felt like a faster version of my car with more sound, having the same gearbox and all! Even the power delivery is similar albeit a lot more torque in my one.

The M240i would be my choice if I had a 420d but not worth the financial plunge for something that isn’t much of a step up. Maybe if the M240i came with the same kit as the M2 standard and and LSD....I would be tempted but then again there would be no point in an M2 wink. Clever marketing from BMW

Mr Whippy

28,944 posts

240 months

Thursday 22nd March 2018
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C63 AMG

GregK2

1,651 posts

145 months

Thursday 22nd March 2018
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How much is left on your loan / what's the value of the current car? It does sound like you could be overstretching yourself and might regret it after the honeymoon period of the M2 wears off, which it will.

Chestrockwell

Original Poster:

2,624 posts

156 months

Thursday 22nd March 2018
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The car is worth about 8-10k privately more than what’s left on the loan, it would be a very easy transition however I don’t mind paying 450 a month that I’m paying as I’ll own the car at the end of the term.

Only reason that deal appealed to me because I figured I’m already losing about 5 grand a year in depreciation on my car so why not up it and drive an M2. Trouble is I do need to start thinking of my future so I’ll be hanging on. Only reason I even considered it is because of the post test drive seratonin levels causing a ruckus in my brain.

You’re right about the honeymoon period though, BMW would call me after a year and offer me a drive in an M4 and will be endless after! :O

Eviltad

1,320 posts

178 months

Thursday 22nd March 2018
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Can someone wake me up when the M2 CS offers start to come in please.

Ursicles

1,068 posts

241 months

Thursday 22nd March 2018
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Think 'offers' on the M2 CS will be super thin on the ground as there are loads who already have letters of intention in for the car - me included!

adaM3

527 posts

217 months

Tuesday 29th May 2018
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Digging up an old thread, are the regular M2 deals done and dusted now? Is it just a case of waiting for the new M2 comp?

Thanks

Adam