Quote:
Originally Posted by OrangeCrush
It's true that 1M prices are high for a used car (around original MSRP?) but, odds are you could get one, drive it for the next year, sell it for little to no loss...possibly even a gain. You won't come close to that on a new car. I see all the time "why get a used 1M for $xxx.xx when I could get a (insert brand new less fun car here ) for the same price?" After a year you lose a ton on the newer auto. Warranty would be the biggest issue but the n54 is a pretty stout engine so the main worries would be fuel pump?
On a side note, we have another little one on the way and I happen to have a no NAV VO 1M. The only options are heated seats and VO. I am not selling it right now but you never know what the future holds. I might end up with a huge SUV god forbid...
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Thanks Crush, yes keep me in mind. I know most don't understand it but what made the 1M appealing to me was it's simplicity... A big-ass engine in a little car with no comfort buttons, no idrive, no fake sound just big-ass brakes, big ass tires, big-ass motor and it takes big-ass cojones to drive it at the limit with traction control off.
If you end up going to the dark side (just kidding!!!!) then please keep me in mind. Sadly, most 1Ms are being turned over to CarMax and dealers where they are marked up so high that they sit outdoors for up to a year with everyone and their friend driving them.
I did have a pump failure at 10K, also had window regulator issues. I know several 1M owners had intake tube failures and some early clutch failures. All of this would not be a problem with a paid off car but makes you think twice about getting a big car loan on a car without warranty when for the same money and M2 might make more fiscal sense. With that said, as good as the M2 is going to be, and I expect it to be great, it will only make the 1M more special because cars with NAV and iDrive are....zzzzzzzz a dime a dozen. Cars with comfort and sport buttons are ZZZZZZ a dime a dozen, same with iPad displays on the dash and now electric steering with comfort mode and comfort this as that. So to me, a car like the 1M becomes more special because the dash is clean and simple and for those that haven't driven one with traction control off in a spirited manner, know that you don't need any distractions and the last thing you need is a slow comfort steering when the beast decides to go sideways. So anyway, I have my name on the list for M2 but I do so grudgingly. If you find yourself wanting something else and you've taken good care of your car, please keep me in mind.
Finally, on buying a 1M and selling it right away, that doesn't work in California. You have to pay between 8-9% sales tax plus high registration. So you you buy a used 1M to drive it for a year, you are instantly out about $5000 for that one year.
Thank you.