[bk_g80_m3]

I'm looking to get a bigger car. My M2 is fantastic fun, but I need something with four doors etc. So moving on.

Question is: how much should I expect to get for my car reasonably? Edmunds and KBB are wildly different

Edmunds: Trade:44762 Private Party: 48617
KBB: Trade: 50387 Private Party: 53,581

So far I've had a dealer offer 42k and 45k respectively sight unseen.

The edmunds trade seems to be in line with offers I've had. KBB is high. Obviously I want to get the highest possible.

What do you guys think? Here is my spec:

[babym2]

you should get 50k, take it to carmax they usually pay more than dealers

[MR_M2]

How many miles?

[bk_g80_m3]

Oops forgot 9500mile 100% stock

[rjd598]

dump it sooner than later

[kfscoll]

KBB always seems to be unreasonably high. I bet Carmax will offer you something between Edmunds' trade and private party figures.

[Fugly M3]

If you upgrade to the ultimate care +, it's transferrable, right? Starting to look at M2s.

[CSBM5]

Originally Posted by rjd598

dump it sooner than later

While a bit harsh sounding, it's probably the best advice. The nationwide market is full of M2s right now with many having been on the market for many months with their asking prices falling. It's turned into a buyer's market and the looming switchover to the M2 Competition as the only M2 likely is a weight on the market also. Just an opinion here...from someone in the market and closely following it all this year so far, but who has decided to put down a deposit on the M2 Comp (3rd in line) instead. FWIW, there are numerous dealers with 2018 new M2s in stock with MSRP deals waiting and potentially a small discount available.

[rjd598]

Originally Posted by CSBM5

While a bit harsh sounding, it's probably the best advice. The nationwide market is full of M2s right now with many having been on the market for many months with their asking prices falling. It's turned into a buyer's market and the looming switchover to the M2 Competition as the only M2 likely is a weight on the market also. Just an opinion here...from someone in the market and closely following it all this year so far, but who has decided to put down a deposit on the M2 Comp (3rd in line) instead. FWIW, there are numerous dealers with 2018 new M2s in stock with MSRP deals waiting and potentially a small discount available.

you're right it sounded harsh, but i'm not trying to be an asshole. i try to be realistic and this is simple economics.

the m2 prices have been over inflated for whatever reason and there is no real reason why they are all sitting at the low $50k range when their msrp is at the same price point. it's not a limited production car and they sold A LOT of them last year. 16 and 17 got shat on by the lci model and now whether you like the m2 comp doesn't matter. the 16-18 will drop and they most likely will drop HARD. best of luck, but like i said get rid of it while you can because day by day the value is decreasing. might be minimal, but still i think you rather get every penny you can out of it.

[Poochie]

Originally Posted by rjd598

you're right it sounded harsh, but i'm not trying to be an asshole. i try to be realistic and this is simple economics.

the m2 prices have been over inflated for whatever reason and there is no real reason why they are all sitting at the low $50k range when their msrp is at the same price point. it's not a limited production car and they sold A LOT of them last year. 16 and 17 got shat on by the lci model and now whether you like the m2 comp doesn't matter. the 16-18 will drop and they most likely will drop HARD. best of luck, but like i said get rid of it while you can because day by day the value is decreasing. might be minimal, but still i think you rather get every penny you can out of it.

You're right, the current M2's value is destine to drop after the M2 Comp is released. I saw it before with many BMWs, M and non-Ms, when the new, hip product is released the old product, regardless how the real value is perceived, takes a nose dive. A lot of people are putting the M2 in the same category as the 1M and they couldn't be more naive. The 1M was a limited production car, hence the demand VS supply, and justified additional cost. The M2 was mass produced and about to be not as popular, due to the Competition (pun intended) , so it's going pay in price. I still think the current M2 is a great car and value but I don't speak for the market.

[rjd598]

Originally Posted by sunil_linus

You're right, the current M2's value is destine to drop after the M2 Comp is released. I saw it before with many BMWs, M and non-Ms, when the new, hip product is released the old product, regardless how the real value is perceived, takes a nose dive. A lot of people are putting the M2 in the same category as the 1M and they couldn't be more naive. The 1M was a limited production car, hence the demand VS supply, and justified additional cost. The M2 was mass produced and about to be not as popular, due to the Competition (pun intended) , so it's going pay in price. I still think the current M2 is a great car and value but I don't speak for the market.

thank you for your response because you GET IT sir. kudos to you.

like someone mentioned we all want the highest payout for our cars, but we have to be realistic. we've all been there no shame in it. just gotta grow up at one point and bite the bullet. cheers.

[CSBM5]

Even EAG has been caught out to dry. They tried to treat the M2 as some rare M-car, acquire a bunch and mark them up,etc. Now they've had some for over a year with continual price declines still resulting in no sale. Why buy a used 2017 from EAG when you can buy a cheaper new 2018 from a dealer? 380 days of trying to sell the car with continual price declines and still too high...

[Poochie]

Originally Posted by CSBM5

Even EAG has been caught out to dry. They tried to treat the M2 as some rare M-car, acquire a bunch and mark them up,etc. Now they've had some for over a year with continual price declines still resulting in no sale. Why buy a used 2017 from EAG when you can buy a cheaper new 2018 from a dealer? 380 days of trying to sell the car with continual price declines and still too high...

Forgive my ignorance but what is "EAG" ?

[Fugly M3]

Originally Posted by CSBM5

Even EAG has been caught out to dry. They tried to treat the M2 as some rare M-car, acquire a bunch and mark them up,etc. Now they've had some for over a year with continual price declines still resulting in no sale. Why buy a used 2017 from EAG when you can buy a cheaper new 2018 from a dealer? 380 days of trying to sell the car with continual price declines and still too high...

Originally Posted by sunil_linus

Forgive my ignorance but what is "EAG" ?

Click on the link.. Enthusiast Auto Group...used car dealer. Anyway...the more I think about it, it seems like this was a case of BMW realizing they could throw a bone to dealers in an otherwise cutthroat new car market...so they happily built a ton more M2s than they planned and dealers got to sell them for $5, 10, 20k over ask in the beginning. It takes a lot of volume $250 profit sales to make it to a $20k mark up, 80 to be precise. For many dealers, a couple M2 sales a month at a large mark up was probably a huge deal.

OP, sorry to digress!

[DanG]

I think it is obvious that you get the most by selling the car yourself. Start at KBB retail so that you have some room to negotiate. But I would definitely do it soon before the M2 Competition is available.

[Poochie]

One advantage of trading in your vehicle is the possible tax exemption, which could wash out the savings of a Private Party sale.

For instance; if you get a $40,000 credit for your M2, and your next car is say $50,000; you will only be taxed $10,000 because the first 40k trade-in credit is exempted from sale taxes.

I live in NYC where the tax rate is 8.865%, so a 40k credit would save me $3,540.60 in possible state taxs. A significant savings IMO.

A Private Party sale would not allow for the tax exemption the trade-in credit does..

rjd598

[bk_g80_m3]

I'm taking 45 for trade. This is probably the highest depreciation I've had for an M.

[Wharf Rat]

Originally Posted by rjd598

dump it sooner than later

Gotta ask, why do you say that?
Do you really believe the value will plummet? What's your rationale?
The Comp isn't even available yet. No one know how it will be priced, what dealers will do vs MSRP, how long anyone will wait to get one, etc.

"Dump it" implies the value will drop like a stone. Just don't see that happening. Seems like a knee-jerk reaction not based in reality.

[rjd598]

Originally Posted by Wharf Rat

Gotta ask, why do you say that?
Do you really believe the value will plummet? What's your rationale?
The Comp isn't even available yet. No one know how it will be priced, what dealers will do vs MSRP, how long anyone will wait to get one, etc.

"Dump it" implies the value will drop like a stone. Just don't see that happening. Seems like a knee-jerk reaction not based in reality.

people for some reason like to believe this car is like the 1m (limited production) and it's not. i think bmw sold 12k of them last year? somewhere along those lines. once again NOT limited by any means.

the price market for them REGARDLESS of the m2 comp is over inflated. most of them are selling for mid $50k's. msrp on the car is ~$52k...where's the logic in that for a car that is once again NOT limited production. the car is great and i'm getting one, but it's not special enough to hold it's value like that. m cars always drop in value everyone knows this. look at m5/6 that are roughly three to four years old. 50% depreciation value. simple economics.

the m2 comp has euro pricing revealed which is NOTHING of an increase meaning the US price will be relatively minimal as well. i think it was like a $800 increase from msrp right now or something of the sort. speculation? of course until official numbers come out, but you can quote this post when that time comes and if i'm wrong i will gladly admit defeat. once again simple logic is the new m2 is better regardless of what all the butthurt fan boys are saying. they will sell like hot cakes.simple economics again here.

if you still believe the prices won't fall then you are entitled to your opinion. i don't like wasting my money so if i can even get $5k more for my car now i rather pocket that much money than lose it by being stubborn and believing my car is worth more than it already is. if the market proves me wrong then so be it, but that means literally the laws of supply and demand/econ 101 are getting thrown out the window. crazy world we live in huh

[nickl630]

Originally Posted by fjork_duf

I'm taking 45 for trade. This is probably the highest depreciation I've had for an M.

Thats not bad honestly, the new M5 is worth 75-80k the second someone drives it off the lot, and paid 110k +

[ShelJW]

Dealer near me, Bob Smith BMW, had five or six new M2's last month, every color except Mineral Grey, and they were asking MSRP.

Every one has sold, except they now have an Executive Demo 2017 with 3,999 miles on it. They're asking $2,000 off sticker. They didn't have this one last month.

When I picked my M2 up (I ordered mine from them), salesman told me that they were still selling around 2 M2's a month, and that out of the ones they had, only two were left. That was March 28 and now, April 17, those are gone.

Sales haven't totally bottomed out in California, it seems.

For OP, try selling it yourself if you want top dollar!

For what it's worth (maybe nothing), they seem to be asking $57,991 for your exact car!

[Fugly M3]

Originally Posted by ShelJW

Dealer near me, Bob Smith BMW, had five or six new M2's last month, every color except Mineral Grey, and they were asking MSRP.

Every one has sold, except they now have an Executive Demo 2017 with 3,999 miles on it. They're asking $2,000 off sticker. They didn't have this one last month.

When I picked my M2 up (I ordered mine from them), salesman told me that they were still selling around 2 M2's a month, and that out of the ones they had, only two were left. That was March 28 and now, April 17, those are gone.

Sales haven't totally bottomed out in California, it seems.

For OP, try selling it yourself if you want top dollar!

For what it's worth (maybe nothing), they seem to be asking $57,991 for your exact car!

I am 90% certain that the car you mention is an M school car. Last I looked it had the walkie-talkie scratches on the driver door. They also had a demo 2016 with 1200 miles that was reduced to 52k before it sold. It was not an m school car and was certified...much better deal.