12-29-2019, 10:35 PM | #24 | |
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It has dynaudio so I was happy with car. But the sound note is utterly crap compared to M140i, RS3 and M2. I often maxed out the power 213Kw when I accelerating, and it's not powerful enough. I was also considering the ecu tuning and upgrading the downpipe. But I decided to spend more money to get a right car. To be honest, I was a bit scared to mod the car whether the insurance may refuse the insurance claim *if* I had an accident causing a large amount of money. Last edited by Arbit; 12-29-2019 at 10:53 PM.. |
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12-29-2019, 10:51 PM | #25 | |
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I just wish to update more info on the pricing. My work colleague showed his interest in my golf R, so I called the dealer to say "I wish to keep my golf R, so how much do I pay for the M2 only?". They came back to me to ask to pay $94k. Apparently it's not their interest to hold another car in their stock given that the market is shrinking. Thus I believe it is the rock bottom price for them. Btw, Hornsby's best quote was ~105k (HS, roof, 19 built, no heat seat, no wireless) |
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12-30-2019, 03:49 PM | #26 |
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12-30-2019, 06:04 PM | #27 |
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Fair enough - it's a good all round car. I just want a bit more theatre when driving though. Hopefully I can keep my DSG golf r as the second car and pick up an manual M2.
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12-31-2019, 01:51 AM | #28 |
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01-14-2020, 05:50 AM | #29 | |
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I really agree with what you said about demos and floor stock, it's so true. I won't say which bmw but when I went for a test drive last month the car salesman told me this M2C Is brand new it had 16km on the dial, he came with me and after around 15 min I pulled over to take photos and the salesman said let me drive it quickly, first thing he did was turn traction off and did a massive drift up the road. All I could think about was the poor engine and the poor broke who is going to buy it. I always get built to order when I get my cars. |
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01-14-2020, 04:44 PM | #30 | |
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The car was brand new (i.e no registered) and it's already over 100km. I told the sales we shouldn't accelerate until 2,000km and he said "don't worry about it, we need to pull hard to break-in". My point is that it's classified as 'Brand new' even though it was used for a test drive few f times. I wondered who would buy it as new. Having said that, let me ask how many BMW dealerships on earth? They must be doing similar practice. The M2C is a rare/expensive car so they can't afford to have a dedicated loan or a demo car for each dealership. Given that quite a few M2C were sold as new/demo globally, I have not heard any significant issue because they have bought the driven new or demo including the M3/M4/M5 etc. So pulling hard mildly won't do harm for the cars, IMO. |
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01-15-2020, 06:28 AM | #31 |
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01-15-2020, 10:08 PM | #32 |
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I'm very happy to buy stock or demo vehicles — with a deep discount — just to piss off Cadogan! I'm pretty sure he's the guy that tells Camry owners to drive below the speed limit in the R/H lane!
It all depends how long you are going to keep the car.
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01-15-2020, 10:56 PM | #33 | |
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If the best price today for 2020 built M2`C in metallic paint is $103,000 drive away. A brand new 2019 M2C with no mileage would have to be $10,000 less (say $93,000 OTR). If the car is a demo with 3,000kms, I would want another $10,000 off the price (say $83,000 OTR) - I'm being generous here. Just the GST and LCT adds up more than $10k. I'm sure we all know how much depreciation there is on a $100k car the moment it is driven out of the dealership. The demo car is a used car with low mileage. It was registered, and it was driven. The new car warranty is shorter too. Of course, the salesperson wants us to accept that a demo car is still new. If someone is planning to keep their M2C beyond the warranty period, they might think differently to someone swapping cars every 18 months. Ultimately, the buyers decide what works for them. |
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01-16-2020, 03:40 AM | #34 |
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How To Get The Best Price On a BMW M2 Competition in Australia
Good points....but, as you point out, the biggest cost of ownership is depreciation, much of which happens the moment you drive away from the dealer.
So, consider two identical M2Cs except for colour — one BTO, delivered in February 2020 at "a good price" (who knows) of $103K OTR; the second, which has been sitting on the forecourt for a couple of months,registered and with 100km on the dial, which I buy on the same day the BTO is delivered, for (as you suggest) $93k OTR. Now, project forward to June 202x, when both cars are being sold by their respective owners. Both cars will have more or less the same Red Book or Glass's value...but one owner paid $10k less. That owner is ahead — simple. And it's pretty likely no-one buying from that owner will ask (or care) whether it was BTO or bought off the forecourt! Just food for thought
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01-16-2020, 05:59 AM | #35 | |
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I've tried several scenarios. I wonder if you could achieve 83K driveaway for 18 built. The price of the demo/floor stock is discounted because it's not just from aging but the options/color choice was also limited. So someone who's flexible with option/color, buying one from their yard/floor is a great way to save. When it's the time to sell my car after 5 years I don't expect the valuation gap is that great because there is no change in the spec and inclusions between the years. The odometer number is the big part of the valuation. If I sell it via private the next buyer is keen to know other factors. How many Kms is the car done, if the car was properly serviced, if the car had been modded, if the car had any accident, if the seller is the first owner. Having said that if I trade in at a dealer they don't care whether I bought a demo or floor stock or BTO. And don't forget the higher initial cost means bigger financing cost (compounded!) Nonetheless, I agree with the idea that we should be wary of a demo whether it was abused I once had a built to order from Merc and the car had lots of issues, anyway. And I had learned in hard way. The depreciation curve is the steepest for the built to order because the discount amount was the least. Besides most BMW and Audi are depreciating fast. |
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01-16-2020, 06:01 AM | #36 |
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01-16-2020, 08:14 AM | #37 | |
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On the other hand, if a 1-year-old demo car was only $3,000 less than the best price of a BTO, that price tag would not impressive me. Sure, the buyer paid $3k less for their vehicle (lower entry price), but they also bought one year older car which will sell for $10k less (much lower exit price). Of course, if the demo car was first registered in Feb 2019 and the BTO was Aug 2019, the story would be different as they are both built in the same year (the resale value would be comparable. At the end of the day, we all have to weigh up the numbers and decide for ourselves. No wrong decisions here. Some people are cashed up and time-poor, they will walk into a dealer and pay full retail price. Is that wrong? Not for the one with cash. Could they have gotten a better dealer? Sure. Is that important for everyone? Certainly not. If the demo car was never registered and lived a life with a trader plate, the buyer would not know. However, if the demo car was registered to the dealer for a year, the new buyer will know that they will be the 3rd owner of the vehicle. That may or may not have an impact on the final selling price. All depends on the buyer and what they value (e.g. built date, number of previous owners, mileage, tracked, etc.,) Last edited by ///Driver; 01-17-2020 at 03:31 AM.. |
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01-16-2020, 08:39 AM | #38 | ||||
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Go to CarSales (or any other valuation site of your choice) and choose BMW M3 Comp F80 (or any other comparable vehicle), you will see figures like this. - 2016 M3 Competition F80 LCI Auto = $78,700 - 2017 M3 Competition F80 LCI Auto = $89,800 - 2018 M3 Competition F80 LCI Auto = $98,900 Please note the difference in private sell price guide - only variable is the year or build date, which factors in an average mileage. However, no matter how low the mileage, a 2016 F80 M3C will not fetch the same price as 2018 F80 M3C with similar mileage. Why? Because 2016 is two years older. Quote:
And as you have stated, the buyer would want to know if you are the first owner. If the car was registered to the dealer first, you would be the 2nd owner. Then the questions regarding the 1st owner will need to be addressed. Quote:
Some people value lowest entry price above everything else. Some might buy a 2018 M2C to save another $1,000 over buying a 2020 M2C. There is nothing wrong with that choice. It's their money. As long as they are walking into the deal with their eyes wide open. They are not getting the same car with same value. Last edited by ///Driver; 01-17-2020 at 03:42 AM.. |
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01-16-2020, 08:44 AM | #39 | |
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As you said, it doesn't matter if we buy a 2019 M2C or 2020 M2C if that vehicle is kept for say 10 years (the difference in valuation between an 10-year old car and 11-year old car is insignificant). However, if they kept it for only say 2-years, the valuation of 2-year old car and 3-year old car would be significant. Last edited by ///Driver; 01-17-2020 at 03:42 AM.. |
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01-17-2020, 11:25 PM | #40 | |
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However, it's not uncommon to see a brand new car is also damaged whilst on transit. They then do a touch up or repair and hand it over to buyers. |
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01-18-2020, 12:52 AM | #41 | ||
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However, if you were to trade-in to a dealer, a car that is 1-year older (say 2018 build) will fetch considerably less money than another car that is newer, say 2019. My objective with the original post was to point out that older cars will fetch less money when selling - so negotiate harder. When I was shopping around, I've had a dealer try to sell me a showroom brand new (20kms on the odometer) that was never registered, but it was a 2018 build. They wanted to sell it to me for $106,000! Maybe I could have negotiated them down to $103,000, but I didn't bother. Thanks to this forum, we know that a brand new BTO 2020 M2C could be had for say $105,000 OTR. So I would be crazy to buy a 2-year old M2C to save $2,000. That would have been false economy. The dealers want us to believe that 2018 M2C and 2020 M2C are worth the same money because they have the same specs. That's a fast talking dealer right there! The fact is, older cars are worth less money, even if they are brand new. This is reflected in the price we can fetch when we sell. Even the insurance company will pay out less money on older cars that are written off - even if it is only 1-month old to you, to the insurance company, the car is 2-years old. Here is a second opinion on this topic. In addition, if the M2C was a demo (and an old stock), that lowers the value even more. The buyer should be aware and negotiate accordingly. Quote:
That can happen but if the dealer is honest, they would disclose the damaged and allocate a new vehicle to the buyer (more waiting) or offer a generous discount. Last edited by ///Driver; 01-19-2020 at 03:34 AM.. |
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01-20-2020, 04:20 PM | #42 | ||
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Sure, there could be some dust and a bit of mark on the seat, which is why we'd ask for significant discount. Don't forget we're buying a depreciating item, so there won't be any difference between a floor stock car and the BTO in terms of the condition after 4-6 years but the financial positions are. Like Timmbo posted the financial position is more important to me. It allows me in a better position to move to next M series comfortably. I don't have a deep pocket to swallow high depreciation hit. BMW (like other Euros) changes the spec/enhancement normally after Aug of the year. Essentially the Aug 2018 should be treated as Jun 2019 model. Can you please inform me if there is any hardware changes from Dec/2018 Dec to Jan/2020 built cars? AFAIK, no difference between them. On the other hand if someone considers an Jan/2018 built M2 and try to compare with Dec/2018 built M2, they're different cars! So I would ask minimum 15K discount even if they're built in same year. I've seen a couple of case where the dealers did try to cheat customers for the car conditions. Dealers certainly don't want buyers know the full history of the car. Sometimes, they hide some minor damage from hail and sell it as undriven demo. Sometimes they repair the car before delivery while on transit. It actually happened to Mercedes and Audi dealers. Last edited by Arbit; 01-20-2020 at 04:30 PM.. |
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01-21-2020, 06:46 AM | #43 | |||
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It will have been a different story if M2C was an older model and it was revised or facelifted in August 2018 to coincide with the new model year. However, in this thread, we are assuming the car remained the same. Quote:
If the 'touched-up' or 'fixed-up' cars were demo or used cars, that is pretty much a standard practice. Why? The dealer is selling those cars 'as is'. The responsibility falls on the buyer to inspect the vehicle before purchase. As long as the dealer does not lie and get caught, the buyer can't do anything about it. That is why, if the buyer asks the salesperson if the vehicle was in an accident or ever been repaired? The answer is "Not to my knowledge." Even if the buyer can later prove the demo vehicle was smashed and repaired, unless the buyer can also prove the salesperson knew about it, there will be no recourse. If I was buying a demo vehicle from a dealership, I will have this written in the contract - "A1 BMW Pty Ltd will declare that the vehicle in this sales agreement was never involved in an accident or sustained panel damage requiring a respray." If the dealer agrees to put that in the contract, they must be pretty confident. THIS is all that matters Apue! Enjoy your new car and post up a pic when you pick up your car. Last edited by ///Driver; 01-22-2020 at 01:47 AM.. |
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01-25-2020, 03:21 AM | #44 | |
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I suppose M2C has been rolled out since Aug2018. So Jan 2018 should be M2 LCI. I got my car few weeks ago. I am very happy with the car. Oh. The brake rotor is a bit strange that it makes very loud squeezy noise when a stone is stuck inside. I found it is a common problem with M cars. I wish the fuel tank is bigger so it last further. |
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