05-31-2016, 07:10 AM | #1 |
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Is it reasonable to assume one can purchase an M2, keep it clean and low mileage as a non-daily driver (2-5k miles/yr) and sell while recouping above average value in 1-2yrs time?
I'm not a flipper but I am not sure the M2 will be the car I keep forever. So there is some hesitation to purchase because timing is also not prefect for me personally, but if the proposition on its retained value is strong, I can convince myself. My dealer says I will be in the first batch of allocations in June, so I'm feeling a little bit of pressure. Tough call as the car is so hot right now......
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05-31-2016, 07:29 AM | #2 |
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Probably get a little over 2/3rds what you paid for it in 2 years time. Will hold value better than an M3/4 id think. Ive found milage isn't actually much of an impact on car values outside of uber collectable limited run circles. Use it, enjoy it, get most of your money back.
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05-31-2016, 07:32 AM | #3 | |
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Here's my opinion. Get the car because you want it, and don't worry too much about the value. Don't get it if you are unsure about whether it's the right car for you. That makes the ownership less fun. Add to the fact that the timing doesn't work for you, I'd lean towards skipping IMHO.
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05-31-2016, 07:52 AM | #4 | |
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My personal opinion and gut feeling peg it at around 90 - 100% recouped in the next 12 months due to very limited supply and about 75 - 80% in two years. |
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05-31-2016, 08:19 AM | #5 | |
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Sometimes I think I want this car because so many other people do too. Wish I could see one in person or even drive one.
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05-31-2016, 08:29 AM | #7 |
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No B58 in an M2, but the LCI will be a factor.
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05-31-2016, 08:32 AM | #8 |
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Value is a weird thing are you going to trade the car or private sale it? That makes a difference the amount of people who will or can finance a private sale car for 30k or 40k is small. So you can end up with a car worth more then you can sell it for.
On the M2 X factors like rarity(if it is) and tune ability will effect it. What is LCI? |
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05-31-2016, 09:31 AM | #9 | |
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05-31-2016, 09:48 AM | #10 |
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If you want to pay minimally into the car and build equity in 1-2 years, I don't see that working out at all.
1) it's not a limited production car, demand is just high right now. 2) as mentioned, 2018 is an LCI and who knows how that will affect value. 3) the M240i is out MY2017 and that makes it much harder to justify M2. |
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05-31-2016, 10:41 AM | #11 | |
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05-31-2016, 11:02 AM | #12 | |
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This is incorrect. While production is not limited by hard numbers like the 1M, it is severely limited due to plant production capacity. So, yes, BMW will make the M2 for a few years, but it by no means is going to be easy to get or readily available. 2) as mentioned, 2018 is an LCI and who knows how that will affect value. Agreed 3) the M240i is out MY2017 and that makes it much harder to justify M2. I think this is a subjective point. Yes for most regular drivers the M240i is going to be plenty, but for those looking for a real drivers car, or even just the M badge to say you have an M, the M2 is still going to be a hot ticket item. If anything though, the M240i is only going to further limit M2 production (BMW makes more money on those than M2, so easy to see which they would build more of), which in my opinion is going to lead to even less M2 depreciation. Having owned a Z4MC, I think the M2 is closest to that car as far as limited production due to factory limitations and also rarity/depreciation. |
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05-31-2016, 03:45 PM | #13 | ||
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05-31-2016, 04:05 PM | #14 |
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its a production car. its going to depreciate. If eveyone is so convinced its going to go up in value why arent they willing to pay a 3-5k dealer mark up. why aren't they buying multiples? i think sometimes it best to take a step back and realize the car was really just released 2 months ago and you cant predict the future. BMW can make adjustments to pump these out if they see fit. And they are in the business of selling cars not maintaining wait lists. they'll focus production to meet demand. if you cant afford avg depreciation dont buy the car. expect avg but hope for better (which i think it will be)
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05-31-2016, 05:04 PM | #15 | |
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The 240i could put a meaningful ding in to M2 sales, but how are we to know? I think the biggest threat to the M2 is actually the LCI M2, or possible M2 CSL/GTS (if it happens). Claiming because "only X are able to be made" is a ridiculous argument. They'll make all they can sell and that's simply BMW for you. The 1M was unique and the M2 is brilliant, but not nearly as unique. You can rage away and calculate all you want based on assumptions, but in the real world value comes from property and rarely from cars, at least in this price level. If you've got old Ferraris, that's another convo, but these are M2s - relax and drive the damn car.
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05-31-2016, 05:14 PM | #16 | |
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05-31-2016, 05:22 PM | #17 | ||
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And yes they will make as many as they can, but that doesn't mean it's a whole lot of them. And I will drive the car, should be here mid-July |
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05-31-2016, 07:40 PM | #18 |
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05-31-2016, 09:06 PM | #19 |
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I posed the question because I have the first allocation at my dealer. It's time to sh!t or get off the pot.
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06-01-2016, 12:23 AM | #20 | |
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Best wishes! |
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06-01-2016, 01:57 AM | #21 |
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OP, I have no idea what average depreciation is. Average depreciation for a Honda Accord and depreciation for a niche sports coupe are two very different things. I would love to believe that my car won't depreciate terribly but I know that isn't likely. As stated above this isn't going to be a rare car like for example the 1M. Mileage these days is not nearly as important as it was years ago because cars can last so many miles but M cars and sports cars in general are more sensitive to miles than lets say a Honda or Toyota. Condition is hugely important if you want to sell for top dollar and as stated above selling it private party is much much better than trading in. Having said that if your concerned about depreciation you should buy a Subaru or Honda. I bought my 3 series for 52% of MSRP 3 years old with 40,000 miles on it. I am pretty sure the M2 will depreciate at least at that rate. Again I hope it doesn't but that would be going against everything I know about depreciation.
Also, if the timing isn't right don't do it. No reason to put yourself in a bind. The M2 will be around for several years, it may be best to wait until things are going better for you. |
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