BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW M2 Forum > Pricing / Ordering / European Delivery / PCD > 2016 LBB clean carfax DCT loaded and black bits

Post Reply
 
Thread Tools Search this Thread
      12-01-2017, 05:31 PM   #1
knepsterd
Major
376
Rep
1,168
Posts

Drives: 2018 M3 BSM
Join Date: Jul 2015
Location: East Coast

iTrader: (0)

2016 LBB clean carfax DCT loaded and black bits

Should I jump on this....$48000 including dealer fees.... firm from another luxury dealership, clean carfax. one owner, traded in for TTRS. 25K miles on it.
Appreciate 0
      12-01-2017, 06:16 PM   #2
bobert
Major
United_States
859
Rep
1,148
Posts

Drives: manual shift cars
Join Date: Jun 2012
Location: MD, USA

iTrader: (0)

Quote:
Originally Posted by knepsterd View Post
Should I jump on this....$48000 including dealer fees.... firm from another luxury dealership, clean carfax. one owner, traded in for TTRS. 25K miles on it.
Personal opinion, of course, but I wouldn't - too many miles for that price.
__________________
2018 M2: BSM, Exec, 6MT (ED on 10/5/17, re-delivery on 11/30/17) My BSM M2 European Delivery Story
2013 335i M-Sport sedan: BSM, 403M wheels, walnut trim, 6MT (gone)
Appreciate 0
      12-01-2017, 06:31 PM   #3
champignon
Disrupter
champignon's Avatar
United_States
1562
Rep
2,484
Posts

Drives: 1M;Z3M Cp;135is Vert, 996TT
Join Date: Jun 2015
Location: Idaho

iTrader: (0)

If it was CPO, you might consider it, but I think it is too expensive even with that
Appreciate 0
      12-01-2017, 06:47 PM   #4
knepsterd
Major
376
Rep
1,168
Posts

Drives: 2018 M3 BSM
Join Date: Jul 2015
Location: East Coast

iTrader: (0)

Most 2016 and 2017 that have 5000-9000 miles are 52-54K on average. If I take .20 a mile x 20K miles over those, less $4K, $48-$50K based on 25K miles. There are like 43 used nationwide, some have bad histories. 7 CPO, CPO give you one extra year...not a big deal for cars with 10K miles-15K miles. CPOs are mid to high, even low 60s...stupid...price of a new 2018.
Appreciate 0
      12-01-2017, 07:10 PM   #5
bobert
Major
United_States
859
Rep
1,148
Posts

Drives: manual shift cars
Join Date: Jun 2012
Location: MD, USA

iTrader: (0)

Quote:
Originally Posted by knepsterd View Post
Most 2016 and 2017 that have 5000-9000 miles are 52-54K on average. If I take .20 a mile x 20K miles over those, less $4K, $48-$50K based on 25K miles. There are like 43 used nationwide, some have bad histories. 7 CPO, CPO give you one extra year...not a big deal for cars with 10K miles-15K miles. CPOs are mid to high, even low 60s...stupid...price of a new 2018.
Mid-to-high 50s for CPO? That's the sticker price for a new one. As mentioned elsewhere on this forum, supply seems to have caught up with demand - no one is paying over sticker for a new one, and it's possible to get small discounts now. The prices of used examples ought to drop very soon, considering those prices have lingered too high for too long now. Current prices offer pretty much no incentive to buy used over new.
__________________
2018 M2: BSM, Exec, 6MT (ED on 10/5/17, re-delivery on 11/30/17) My BSM M2 European Delivery Story
2013 335i M-Sport sedan: BSM, 403M wheels, walnut trim, 6MT (gone)
Appreciate 0
      12-01-2017, 08:17 PM   #6
champignon
Disrupter
champignon's Avatar
United_States
1562
Rep
2,484
Posts

Drives: 1M;Z3M Cp;135is Vert, 996TT
Join Date: Jun 2015
Location: Idaho

iTrader: (0)

Quote:
Originally Posted by bobert View Post
Mid-to-high 50s for CPO? That's the sticker price for a new one. As mentioned elsewhere on this forum, supply seems to have caught up with demand - no one is paying over sticker for a new one, and it's possible to get small discounts now. The prices of used examples ought to drop very soon, considering those prices have lingered too high for too long now. Current prices offer pretty much no incentive to buy used over new.
What he said
Appreciate 0
      12-02-2017, 12:36 AM   #7
wanofakind01
Lieutenant
282
Rep
521
Posts

Drives: '17 BMW M2 6MT, '16 BMW X1
Join Date: Jun 2015
Location: DC

iTrader: (3)

People have been buying used as you still can't just walk into the nearest dealer to build a new one without an allocation. As allocations are handed out quarterly, there isn't much of a window to find one if you don't reside in a major city and make a bunch of calls. Some of us happen to get lucky with connections or when buyers back out before production and you only have to wait a month or two In these cases buying new makes more sense when the option to build is available.

Buying private in some cases can make more sense though for low mileage when the first owner has already invested in PPF/coating. I know I was tempted to back out of my deposit when a 1k miles BSM turned up in the used market that had done full Xpel stealth and was selling for 1k under MSRP (that's a minimum $4.5k job PPF job).
Appreciate 0
      12-02-2017, 01:19 AM   #8
champignon
Disrupter
champignon's Avatar
United_States
1562
Rep
2,484
Posts

Drives: 1M;Z3M Cp;135is Vert, 996TT
Join Date: Jun 2015
Location: Idaho

iTrader: (0)

Quote:
Originally Posted by wanofakind01 View Post
People have been buying used as you still can't just walk into the nearest dealer to build a new one without an allocation.
There are a number of M2s sitting unsold on dealer's lots right now. They may not be equipped exactly as one would want, but with a few phone calls and the willingness to drive a couple of hundred miles or take a short flight, a new one could be in your garage tomorrow if you so chose. And without much doubt you can get at least somewhat of a deal off of MSRP on a lot of these cars.
__________________
Disappointing People for Two Centuries; 3 Pedal Fanatic
Appreciate 0
      12-02-2017, 05:58 AM   #9
DSTR
Captain
DSTR's Avatar
1225
Rep
869
Posts

Drives: 22 M240iX / 23 M2 Tor-Red
Join Date: Aug 2014
Location: EU / Dubai / Asia

iTrader: (0)

Quote:
Originally Posted by knepsterd View Post
Should I jump on this....$48000 including dealer fees.... firm from another luxury dealership, clean carfax. one owner, traded in for TTRS. 25K miles on it.
Make an offer. Car was driven but not alot of use. Possibly average use or so. Whats better for 45-48 - probably not alot of cars are better? Clean record but are there maintenance stamps in the book/records?
Appreciate 0
      12-02-2017, 09:27 AM   #10
bobert
Major
United_States
859
Rep
1,148
Posts

Drives: manual shift cars
Join Date: Jun 2012
Location: MD, USA

iTrader: (0)

Quote:
Originally Posted by wanofakind01 View Post
People have been buying used as you still can't just walk into the nearest dealer to build a new one without an allocation. As allocations are handed out quarterly, there isn't much of a window to find one if you don't reside in a major city and make a bunch of calls. Some of us happen to get lucky with connections or when buyers back out before production and you only have to wait a month or two In these cases buying new makes more sense when the option to build is available.

Buying private in some cases can make more sense though for low mileage when the first owner has already invested in PPF/coating. I know I was tempted to back out of my deposit when a 1k miles BSM turned up in the used market that had done full Xpel stealth and was selling for 1k under MSRP (that's a minimum $4.5k job PPF job).
I don't disagree with either point there - it just depends on what matters to you.

The first point above simply comes down to impatience (not judging! ) - in my case, I was content to wait to order a new one for BMW Welt pickup, plus I was saving up while I waited in order to put down a certain amount (I decided well ahead of time the max I would pay and the minimum I wanted to put down on it).

The second point, PPF coating, also didn't matter to me, as I felt the cost and hassle of it just wasn't worth it to me for a car of this value (I realize I'm in the minority on this one among folks on this forum and I do care about my cars enough to at least understand where folks are coming from in wanting PPF coating ).
__________________
2018 M2: BSM, Exec, 6MT (ED on 10/5/17, re-delivery on 11/30/17) My BSM M2 European Delivery Story
2013 335i M-Sport sedan: BSM, 403M wheels, walnut trim, 6MT (gone)
Appreciate 0
      12-02-2017, 09:33 AM   #11
bobert
Major
United_States
859
Rep
1,148
Posts

Drives: manual shift cars
Join Date: Jun 2012
Location: MD, USA

iTrader: (0)

Quote:
Originally Posted by DSTR View Post
Make an offer. Car was driven but not alot of use. Possibly average use or so. Whats better for 45-48 - probably not alot of cars are better? Clean record but are there maintenance stamps in the book/records?
I guess it's relative but, to me, a car that was delivered less than two years ago already having 25k miles sounds like a lot.
__________________
2018 M2: BSM, Exec, 6MT (ED on 10/5/17, re-delivery on 11/30/17) My BSM M2 European Delivery Story
2013 335i M-Sport sedan: BSM, 403M wheels, walnut trim, 6MT (gone)
Appreciate 1
champignon1562.00
      12-03-2017, 03:22 AM   #12
akkando
Major General
akkando's Avatar
5862
Rep
6,632
Posts

Drives: 17 M2 DCT LBB,11 e90 M3 ZCP IB
Join Date: Jan 2017
Location: Bay Area

iTrader: (1)

The price might be "fair" relative to the used market on car websites but with dealerships starting to make deals on new cars, shorter waits for allocations and delivery, inventory starting to get larger, and the Competition announcement and then hitting the market summer 2018 it's not a good time buy at that price.

Once the M2 Competition has full momentum more people are going to be trading in their N55 M2 and dealers are going to be trying to get rid of new ones.

Unless the M2 Competition is limited numbers only, or comes in at some crazy price like 75k that doesn't make any sense, then the Competition is going to drive the N55 price down, and it's going to do it soon.


So if you have to have it now, find the best deal you can, but if you can wait I think prices should fall shortly.
Appreciate 0
      12-03-2017, 10:29 AM   #13
wanofakind01
Lieutenant
282
Rep
521
Posts

Drives: '17 BMW M2 6MT, '16 BMW X1
Join Date: Jun 2015
Location: DC

iTrader: (3)

Quote:
Originally Posted by champignon View Post
There are a number of M2s sitting unsold on dealer's lots right now. They may not be equipped exactly as one would want, but with a few phone calls and the willingness to drive a couple of hundred miles or take a short flight, a new one could be in your garage tomorrow if you so chose. And without much doubt you can get at least somewhat of a deal off of MSRP on a lot of these cars.
Agreed, and that alone may actually be a deterrence to buying a new one for some people. Or just the thought of getting one now over the hassle. If they feel it's worth it, no problems on my side. We all see value differently.

I personally have no problem going a bit out of my way or waiting a bit for what I want. But no one can say they've never been in a situation where they haven't been tempted with the notion of "owning one now" and the compromises along with it, doesnt even have to be about a car, but I know I've impulse-bought the last six cars in the last five years...
Appreciate 0
      12-03-2017, 11:55 AM   #14
champignon
Disrupter
champignon's Avatar
United_States
1562
Rep
2,484
Posts

Drives: 1M;Z3M Cp;135is Vert, 996TT
Join Date: Jun 2015
Location: Idaho

iTrader: (0)

Quote:
Originally Posted by wanofakind01 View Post
Agreed, and that alone may actually be a deterrence to buying a new one for some people. Or just the thought of getting one now over the hassle. If they feel it's worth it, no problems on my side. We all see value differently.

I personally have no problem going a bit out of my way or waiting a bit for what I want. But no one can say they've never been in a situation where they haven't been tempted with the notion of "owning one now" and the compromises along with it, doesnt even have to be about a car, but I know I've impulse-bought the last six cars in the last five years...
I'm no stranger to impulse-bought cars

I'm also not frightened by the idea of having to pay to drive a car for a few years, aka "depreciation."

Some of the people posting on this M2 forum and related forums seem to believe that the M2 will be largely immune to depreciation, and I personally do not see that to be the case.

I'm very much a "deals-oriented" person when it comes to buying stuff. If there legitimately is no deal to be had, then I re-evaluate the purchase and may or may not buy it. On the other hand, if it is obvious that other people are getting deals and I can't get one, then I just pass on the purchase, other than for very specific circumstances that I don't see applying to a current-time M2 purchase.
__________________
Disappointing People for Two Centuries; 3 Pedal Fanatic
Appreciate 0
      12-03-2017, 10:02 PM   #15
rocke29
Private First Class
rocke29's Avatar
United_States
106
Rep
190
Posts

Drives: 2018 LBB M2 M/T
Join Date: Jul 2016
Location: New Jersey

iTrader: (0)

Offer $45k. Don't go over $46.5
Appreciate 1
      12-05-2017, 06:44 AM   #16
M3 Adjuster
Banned
Albania
7905
Rep
11,785
Posts

Drives: 1M, X1 M Sport, E46 325ic
Join Date: Mar 2008
Location: Dallas, Tx

iTrader: (0)

Quote:
Originally Posted by knepsterd View Post
Should I jump on this....$48000 including dealer fees.... firm from another luxury dealership, clean carfax. one owner, traded in for TTRS. 25K miles on it.
NO WAY. For most people 25K miles is at least 1.5 if not 2 years or more of driving.

Why buy a high mileage car and only save 5-6K ? Agree with above.

Perhaps Pay 45k -Max! For it used

Personally I would just go get in line for new.
Appreciate 1
rocke29105.50
      12-05-2017, 06:49 AM   #17
M3 Adjuster
Banned
Albania
7905
Rep
11,785
Posts

Drives: 1M, X1 M Sport, E46 325ic
Join Date: Mar 2008
Location: Dallas, Tx

iTrader: (0)

Quote:
Originally Posted by bobert View Post
Quote:
Originally Posted by knepsterd View Post
Most 2016 and 2017 that have 5000-9000 miles are 52-54K on average. If I take .20 a mile x 20K miles over those, less $4K, $48-$50K based on 25K miles. There are like 43 used nationwide, some have bad histories. 7 CPO, CPO give you one extra year...not a big deal for cars with 10K miles-15K miles. CPOs are mid to high, even low 60s...stupid...price of a new 2018.
Mid-to-high 50s for CPO? That's the sticker price for a new one. As mentioned elsewhere on this forum, supply seems to have caught up with demand - no one is paying over sticker for a new one, and it's possible to get small discounts now. The prices of used examples ought to drop very soon, considering those prices have lingered too high for too long now. Current prices offer pretty much no incentive to buy used over new.
That statement is likely better stated as follows.

Demand has dropped to meet supply ( due to the M2 Competition coming). Not the other way around.
Appreciate 0
      12-05-2017, 08:33 AM   #18
bobert
Major
United_States
859
Rep
1,148
Posts

Drives: manual shift cars
Join Date: Jun 2012
Location: MD, USA

iTrader: (0)

Quote:
Originally Posted by M3 Adjuster View Post
That statement is likely better stated as follows.

Demand has dropped to meet supply ( due to the M2 Competition coming). Not the other way around.
That may very well be more accurate - either way, will be very interested to see the final 2018 model year numbers, esp for US, next year.
__________________
2018 M2: BSM, Exec, 6MT (ED on 10/5/17, re-delivery on 11/30/17) My BSM M2 European Delivery Story
2013 335i M-Sport sedan: BSM, 403M wheels, walnut trim, 6MT (gone)
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 01:29 AM.




m2
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST