04-18-2017, 03:52 PM | #1 |
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Trade 2013 135i for 1M
Hi Guys, would appreciate some feedback and opinions.
I have a beautiful 135i with about 7,000miles, BSM, black leather with blue stitching, m wheels, five spoke, m sport seats and suspension, car is beautiful. I can trade it in on 1m with a little more miles probably in equal shape, Valencia Orange, fully loaded. Has been in a small scrape about 1500 dollars damage, which they have receipts for; Sounds minor. Is it worth coming up with about 45,350 Cdn, 33,900 U.S. for this trade? Would love to know what the members here think. Thank you, John Price of the 1M is 82,000cdn. They are offering me 36630 for my trade. My car 2013 bmw 135i , mileage very similar. No accident history on my 135i. My 135i does have a six speed, no sunroof, navi, M sports seat and suspension, Boston leather with blue stitching. Black metallic. Thank you for the feed back so far, very helpful to have insight. I love the 1M for its uniqueness. I know if it is taken care of, resale should be excellent. Last edited by metblkbmw; 04-18-2017 at 06:07 PM.. Reason: more information |
04-18-2017, 04:23 PM | #2 |
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Let's say the 1M is worth $55K US, maybe $60K US, assuming the mileage is really below 10,000. Let's assume that the story you have been told about the accident with the 1M is basically true, and deduct a little from the value, let's call it $57,500, being generous.
That means they are valuing your 2013 135i with only 7000 miles at around $20K US. I think that is too low. |
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04-18-2017, 04:44 PM | #4 |
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need more info but keep this is mind - the 135i is losing money everyday, where the 1M is basically gaining money everyday/at least retaining its price. Even if they are valuing your 135i too low, in a couple years time it will probably be even lower where the 1M is likely to appreciate. 1M is like an investment.
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04-18-2017, 05:04 PM | #5 |
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I would be cautious about making any assumptions regarding 1M appreciation or massaging the numbers and perceived rarity to justify the purchase/trade. It's a guaranteed recipe for angst and disappointment. In the end it's not a blue chip investment like an Enzo or something -- it's just a BMW 1M.
In the final analysis it's about how the car makes you feel, how it tingles your nerves, and how much you buy into the history and "purity" of the car and its story. These are the only things that will justify the significant outlay of cash. |
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04-18-2017, 07:07 PM | #6 |
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I personally wouldn't do it unless you don't plan to drive it and are speculating that its value is going to increase. I will admit that I've never driven a 1M, but I honestly believe you are only missing a fraction of a percent of driving pleasure that could easily be made up with a tune and stickier tires. No offense or disrespect to the 1M owners. It is a hell of a car.
Unless you track the M, you just won't notice much difference, unless it's all about bragging rights to own an M car, which some people would say the 1M nor M2 are not truly M cars since they do not have an S coded motor. For the same money or less (mid $50k USD) you can have a brand new M2 now that the initial craze is over. You can even find CPO M4s in the mid $50k USD price range. And if you're willing to look outside BMW, you can find 2014+ Porsche Caymans at that price or less that will give you more exceptional handling than most any other car. I love my 135is, but just don't see myself buying a two year older car that essentially has very similar underpinnings despite some of the M3 bits. Don't get me wrong, I would have bought a 1M if I had the opportunity, but don't see myself looking back. |
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04-19-2017, 02:26 AM | #7 | |
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An intermediate solution, given the age and condition of your 2013 135i, would be to upgrade the suspension and perhaps get an engine tune, although it is unlikely you will get any of this cost back on a resale. I am not so certain that select 1-Series cars will continue along the same depreciation curve they have been on, but I have no data to supply on this. A low mileage, pristine, especially 6MT later model (2012 or 2013) car is the end of the line for this sort of BMW, with hydraulic steering, MT, and overall "fun-to-driveness." 997 model Porsche 911s are apparently appreciating, and there are some signs that the 996s are firming up in price. These 1999 to 2012 cars are similarly the end of the line for Porsche, although their newer cars are still fun to drive, unlike most of the current BMWs. I would not be surprised to see very good, lower mileage, 128i and 135i vehicles become valued, as more than mere "used cars," as enthusiast cars, and it might not take as long for this to happen as some assume. This is because with the exception of the M2, we are really at the end of the line for fun to drive BMW production. |
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04-19-2017, 08:14 AM | #8 |
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Trade 2013 135i for 1M
Thanks for your imput. The taxes are a killer! Still deciding what to do.
Waiting is not a bad option! |
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04-19-2017, 08:23 AM | #9 |
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04-19-2017, 09:22 AM | #10 | |
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I just bought a 09' 135i w/ 72k, nav, sunroof, and a few mods for 12k. Arizona car. If that doesn't give you a little incentive to get this done, I do not know what will. I'm sure a lot of people do not want to hear this, but the 135 is going to get even cheaper as they age. It got cheap enough for me to build a track car out of it which is A-okay by me. Edit: Also, you have a n55...I think you'll get your rocks off much more with a N54. Just be prepared for a little extra maintenance. |
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04-19-2017, 10:21 AM | #11 | |
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04-19-2017, 11:12 AM | #12 | |
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I happen to own a 135is convertible that is extremely low miles and one of only 40-something that were made with a manual transmission. Still, I think they will depreciate more or less along the same trajectory as the 135i does. The engine in the 1M (I own one of these as well) is similarly not anything all that special from what I have read, in fact that engine is one reason why some BMW aficionados refuse to accept the 1M as a "true M car," since it is just a modified version of the N54 common to all earlier year 135i vehicles. I doubt sincerely that someone who is determined to do so could not produce as much performance out of a garden variety N54 or N55 with modest modifications. The 1M is a great package, don't get me wrong, and perhaps they will really appreciate in the future, but I think this is really only going to be true if you keep it pristine and drive it very little, don't track it, and keep the miles low. Just go out looking for a pristine, very low mileage, never tracked, E46 M3 and tell me what you come up with; not much. The same will be true of 135i cars in a similar condition in a few years, in part because they were cheap enough to abuse so most of them will have been abused by then, and what exactly is the replacement for that sort of car in the current new car marketplace and in the future? Good luck is all I can say! |
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04-19-2017, 12:53 PM | #13 |
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a 235i or 240i
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04-19-2017, 01:40 PM | #14 |
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I put a scratch on my front left fender a month after purchase (car was way wider than my R53 Mini) that required a repaint. My right rear bumper also got scuffed by an idiot in my building that was also repainted. I could give a rosey rat's ass about whether it will affect resale bc I have no intention of selling the car and neither should you. 1M's are a commodity and only getting rarer. They won't be able to duplicate the magical conditions that brought this beast to life and gave it such a unique character. Many reviewers still prefer the 1M to the M2 (see Chris Harris et al)...
If the repairs were done correctly and the car is mechanically sound with records, then pull the trigger. You won't regret it. |
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04-19-2017, 02:25 PM | #16 |
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i think you could likely sell your 135is and get a 1M for about 25k more.
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04-19-2017, 08:19 PM | #19 |
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The only way to verify the accident claim is with a paint depth gauge - if the fenders show evidence of paint work their claim is BS.
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04-20-2017, 12:56 AM | #20 | |
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04-20-2017, 08:25 AM | #21 |
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04-20-2017, 01:40 PM | #22 |
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Sales tax
Hi MrRoboto,
I would pay gst and pst and because it is over I believe $50,000 The pst is 10 percent. 15 percent total of either cost of car minus trade in, or if no trade in, 15 percent added to the price of the car. Last edited by metblkbmw; 04-20-2017 at 02:51 PM.. Reason: more information |
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