M2 Owner - Considering buying a 1M

Megator · 03-27-2020, 10:03 AM

I would say drive it first to see if you even like it.

You say the stock market is unpredictable, well what about the car market?

The 1M is a nice car, but a "low cost" "classic" of which objectively there are tons around.

When people start feeling the financial squeeze of COVID-19 and the recession that seems to be coming, the first thing they will look to do is unload superfluous assets like cars.

I think most 1Ms are owned by well off people, but not that well off that they have F U money (same for E30 M3s and other sub 100k classics).

So I expect the bubble for these cars to pop soon and the prices to drop significantly.

I am into MX5s (the old one with pop up headlights) and already in the last week or 2 the number of cars for sale has skyrocketed.

If you have the cash I would sit on it and wait to buy some cheap assets in the near future.

doug_999 · 03-27-2020, 10:26 PM

Quote:

Originally Posted by kepler

I did add 4,801 miles...

and the wife's Clubman is on a charger too - just not driving too much these days.

Rod 69 · 08-08-2020, 09:57 PM

Don´t know what you finally did, but if you have a chance of buying a clear 1M, donde hesitate, its worth having it. I have one with 6.500 miles and just bought a M2C,they are so different, but at the same time both are special, considering the 1M "less artificial".

Love my 1M, love the design, performance, handling, it will never disappoint you. Additional, it has been appreciating as only 6.200 were made.

Rod 69 · 08-08-2020, 09:58 PM

Quote:

Originally Posted by doug_999

I did add 4,801 miles...

and the wife's Clubman is on a charger too - just not driving too much these days.

One question, can you turn on the car with the battery tender connected?

Dasnub · 08-09-2020, 08:11 AM

Quote:

Originally Posted by jhall1957

Same as my 1M. My advise, put your money in the stock market and drive the M2. Wish I had done that. I paid $47k for my 1M and I doubt I could get $55k for it with 12,000 miles on it. Cars as investments are a generational game. If you have 50 years or a grand kid to pass it to it might work out but still not as good as even a marginal mutual fund.

This. That e36 M3 that just sold for $250k? A horrible investment. You wanna know why?

That car was $75k new (in today’s dollars) in 1987. If that money had been invested in the S&P, they’d have over $800k today. Essentially the guy took a $550k opportunity cost loss owning the car. And don’t forget, he barely got to drive it a few thousand miles.

Cars are never good investments, even when they are. Buy the car you enjoy most and forget it ever being a wise financial decision.

Gizmo 335i · 08-09-2020, 10:26 AM

Quote:

Originally Posted by Dasnub

This. That e36 M3 that just sold for $250k? A horrible investment. You wanna know why?

That car was $75k new (in today’s dollars) in 1987. If that money had been invested in the S&P, they’d have over $800k today. Essentially the guy took a $550k opportunity cost loss owning the car. And don’t forget, he barely got to drive it a few thousand miles.

Cars are never good investments, even when they are. Buy the car you enjoy most and forget it ever being a wise financial decision.

This is the second time I’ve seen this analysis and it floors me every time. Arguments are rarely this irrefutable. Cars = Moneypits. They may bring joy and peace but they have real, hard dollar costs.

JackieChiles · 08-09-2020, 11:10 PM

I’ve had both and have an 18 m2 now. Both manual.

I really like the m2, but I liked the 1m more and if they cost the same would own a 1m.

The 1m feels much more natural than the m2. Specifically steering, lack of synthetic engine sound, and the lack of auto blip.

The m2 is without a doubt faster and the exhaust sounds better. It also technically handles better and has a much better chassis and more grip.

That said, the 1m is plenty fast and unless you track it a lot where the lack of front end grip and boost happy nature of the engine can be somewhat spiky and frustrating, it’s more fun on the street. It also rides a lot better, the m2 is overly stiff for no apparent reason in stock form.

Both are great cars, and the m2 is without a doubt the best thing M has going at the moment in my experience.

Dasnub · 08-11-2020, 08:12 AM

Quote:

Originally Posted by Gizmo 335i

This is the second time I’ve seen this analysis and it floors me every time. Arguments are rarely this irrefutable. Cars = Moneypits. They may bring joy and peace but they have real, hard dollar costs.

Was it on Reddit? I posted something similar there a few weeks ago 😂

ROASTM · 08-11-2020, 11:57 PM

Quote:

Originally Posted by GiacomoH

Not even close to being low at this point

This has aged nicely

Peterglen · 08-12-2020, 04:20 AM

I owned one as well. Currently own a heavily modified m2c.

I mean there is no arguing that hydraulic steering has better and more feeling than Electric. But that’s where the positive ends for the 1m in the comparability to the m2.

I don’t look at any car as an investment because I drive the shit out of every car I own. Forget tuned and modded. The stock m2c is a better car in every way minus the numb steering... the m perfmance coil overs change that almost completely, and give you 70% of that feeling back imo.

I put almost 30k miles on my 1m in the barely 2 years I owned it. Already have 11k on my m2c and it’s barely 4 months old. It’s a much more enjoyable drive. In every way one you do some mods.

03-27-2020, 10:03 AM	#23
Megator Captain 518 Rep 744 Posts Drives: M2 Competition Join Date: Mar 2019 Location: NL iTrader: (0)	I would say drive it first to see if you even like it. You say the stock market is unpredictable, well what about the car market? The 1M is a nice car, but a "low cost" "classic" of which objectively there are tons around. When people start feeling the financial squeeze of COVID-19 and the recession that seems to be coming, the first thing they will look to do is unload superfluous assets like cars. I think most 1Ms are owned by well off people, but not that well off that they have F U money (same for E30 M3s and other sub 100k classics). So I expect the bubble for these cars to pop soon and the prices to drop significantly. I am into MX5s (the old one with pop up headlights) and already in the last week or 2 the number of cars for sale has skyrocketed. If you have the cash I would sit on it and wait to buy some cheap assets in the near future. __________________ AX 1.1 --> AX GTI --> NA Roadster 1.8 --> E39 528i --> Xsara VTS --> Volvo 940 LPT --> Focus RS MK3 --> M2C + NA Miata 1.8
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08-08-2020, 09:57 PM	#25
Rod 69 Enlisted Member 36 Rep 45 Posts Drives: BMW 1M 2012. Join Date: Feb 2017 Location: Bogota iTrader: (0) Garage List 2021 M2 Competition [10.00] 2012 1M [9.50]	Don´t know what you finally did, but if you have a chance of buying a clear 1M, donde hesitate, its worth having it. I have one with 6.500 miles and just bought a M2C,they are so different, but at the same time both are special, considering the 1M "less artificial". Love my 1M, love the design, performance, handling, it will never disappoint you. Additional, it has been appreciating as only 6.200 were made.
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08-09-2020, 11:10 PM	#29
JackieChiles Lieutenant 226 Rep 473 Posts Drives: 2011 MR M3 6MT Join Date: Apr 2015 Location: Texas iTrader: (1)	I’ve had both and have an 18 m2 now. Both manual. I really like the m2, but I liked the 1m more and if they cost the same would own a 1m. The 1m feels much more natural than the m2. Specifically steering, lack of synthetic engine sound, and the lack of auto blip. The m2 is without a doubt faster and the exhaust sounds better. It also technically handles better and has a much better chassis and more grip. That said, the 1m is plenty fast and unless you track it a lot where the lack of front end grip and boost happy nature of the engine can be somewhat spiky and frustrating, it’s more fun on the street. It also rides a lot better, the m2 is overly stiff for no apparent reason in stock form. Both are great cars, and the m2 is without a doubt the best thing M has going at the moment in my experience.
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08-12-2020, 04:20 AM	#32
Peterglen Private First Class 168 Rep 133 Posts Drives: 2020 M2c 2019 M3cs Join Date: Jul 2020 Location: DMV iTrader: (0)	I owned one as well. Currently own a heavily modified m2c. I mean there is no arguing that hydraulic steering has better and more feeling than Electric. But that’s where the positive ends for the 1m in the comparability to the m2. I don’t look at any car as an investment because I drive the shit out of every car I own. Forget tuned and modded. The stock m2c is a better car in every way minus the numb steering... the m perfmance coil overs change that almost completely, and give you 70% of that feeling back imo. I put almost 30k miles on my 1m in the barely 2 years I owned it. Already have 11k on my m2c and it’s barely 4 months old. It’s a much more enjoyable drive. In every way one you do some mods.
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