[Dasnub]

Originally Posted by AndroidRobot

NADA should be higher than that if you look at AVG trade. here's the book on my car when I bought it, I basically paid clean trade for it

The only real reliable source for trade in values are black book/auction prices. Dealers never offer anything close to “clean trade in” regardless of condition in my experience. You can pretty much count on getting “rough” value at best. Carvana and Vroom have both started making cash offers that match dealer trade in offers, which is nice because it saves you the stupid back and forth with the dealer for hours arguing over the price of your trade. Well worth the couple hundred bucks lost in sales tax savings and you can shop multiple dealers for your new car knowing you don’t have to negotiate the trade with every single one of them. It also opens up options buying from private sellers who don’t have the capability of taking your trade.

All of this is great because I’m pretty sure I was going to throat punch the next sales guy who tried to tell me “manuals are too hard to sell.”

[ZM2]

Originally Posted by Dasnub

The only real reliable source for trade in values are black book/auction prices. Dealers never offer anything close to “clean trade in” regardless of condition in my experience. You can pretty much count on getting “rough” value at best. Carvana and Vroom have both started making cash offers that match dealer trade in offers, which is nice because it saves you the stupid back and forth with the dealer for hours arguing over the price of your trade. Well worth the couple hundred bucks lost in sales tax savings and you can shop multiple dealers for your new car knowing you don’t have to negotiate the trade with every single one of them. It also opens up options buying from private sellers who don’t have the capability of taking your trade.

All of this is great because I’m pretty sure I was going to throat punch the next sales guy who tried to tell me “manuals are too hard to sell.”

Anyone know how are the carvana & vroom prices are comparing to carmax (the previous easy trade in/sell option)?

I’ll keep my OG forever, just like hearing about the used car market dynamics that are going on, in case we upgrade our BMW SUV.

[AndroidRobot]

Originally Posted by Dasnub

The only real reliable source for trade in values are black book/auction prices. Dealers never offer anything close to “clean trade in” regardless of condition in my experience. You can pretty much count on getting “rough” value at best. Carvana and Vroom have both started making cash offers that match dealer trade in offers, which is nice because it saves you the stupid back and forth with the dealer for hours arguing over the price of your trade. Well worth the couple hundred bucks lost in sales tax savings and you can shop multiple dealers for your new car knowing you don’t have to negotiate the trade with every single one of them. It also opens up options buying from private sellers who don’t have the capability of taking your trade.

All of this is great because I’m pretty sure I was going to throat punch the next sales guy who tried to tell me “manuals are too hard to sell.”

You're correct, I can get MMR if you want,blackbook is always too high and not used nor is KBB outside of Cali. I know some people. 99% of dealers pay rough trade, but I got average for my last car which is decent. Whoever said that is dumb, manuals are hot items since there aren't many models left that offer them

[RAM_F30_F87]

I posted an excerpt on 2-13-2020 from the monthly trade-in offer for my 2017 M2 from my local dealer.
"You have a special opportunity to upgrade to a new 2020 M2 Competition Coupe. We estimate you have $34,675 in trade equity toward your new BMW—simply by trading in your current 2017 BMW M2 Coupe."
Today's letter for a 2021 M2 Competition says "Trade in your current vehicle and receive up to $38,432 to use toward your new car."
That's a $3,757 increase, but I assume the 2021 M2 Competition cost has increased over the 2020.
NOTE: I don't plan on trading mine in.

[LuvMyE92]

Used car prices are nuts (for some). I just sold my Mustang GT to Carvana for more than I paid for it, new, with taxes, tags, fees, surcharges etc. a year ago. I just couldn't pass it up!

[Dasnub]

Originally Posted by RAM_F30_F87

I posted an excerpt on 2-13-2020 from the monthly trade-in offer for my 2017 M2 from my local dealer.
"You have a special opportunity to upgrade to a new 2020 M2 Competition Coupe. We estimate you have $34,675 in trade equity toward your new BMW—simply by trading in your current 2017 BMW M2 Coupe."
Today's letter for a 2021 M2 Competition says "Trade in your current vehicle and receive up to $38,432 to use toward your new car."
That's a $3,757 increase, but I assume the 2021 M2 Competition cost has increased over the 2020.
NOTE: I don't plan on trading mine in.

Lol god both of those are such fuck you numbers. $20k under market value. Just unreal what these guys get away with.

[Ggeezer]

Originally Posted by Dj_Quik

Lol let us know what they say! Ima guess 40k

Originally Posted by Dj_Quik

Lol let us know what they say! Ima guess 40k

Not the guy you quoted but I tried the instant cash offer on autotrader.ca.

Got an offer of $49k CAD on a 2018 with 22,000km in Montreal.

[mattpete13]

Been on the hunt for an OG M2 myself so this is an interesting thread.

Would a 2016 w around 40k miles priced around $40k be overpriced at this point in time? Seems an ok price to me but I have not been watching these that closely.

Prices are up on most every other desirable Bmw so I wouldn't be surprised if the M2 falls into that category as well.

Thanks!

Matthew

[PLF69]

Used car shortage is doing funny things.

Last year dealer would of offered me 40k for my 2018 and he just offered me 48 500..

[Dj_Quik]

Originally Posted by mattpete13

Been on the hunt for an OG M2 myself so this is an interesting thread.

Would a 2016 w around 40k miles priced around $40k be overpriced at this point in time? Seems an ok price to me but I have not been watching these that closely.

Prices are up on most every other desirable Bmw so I wouldn't be surprised if the M2 falls into that category as well.

Thanks!

Matthew

I got a buddy selling his m2 privately for 42000 canadian or 32000 USD. You might be getting hose on 40k. Defs room to negotiate if you really want the car.

[akkando]

Originally Posted by Dj_Quik

I got a buddy selling his m2 privately for 42000 canadian or 32000 USD. You might be getting hose on 40k. Defs room to negotiate if you really want the car.

Carvana would give me 35500 for my 2017 with 43k miles. 32 seems low but maybe not for Canada.

[spidy512]

Originally Posted by mattpete13

Been on the hunt for an OG M2 myself so this is an interesting thread.

Would a 2016 w around 40k miles priced around $40k be overpriced at this point in time? Seems an ok price to me but I have not been watching these that closely.

Prices are up on most every other desirable Bmw so I wouldn't be surprised if the M2 falls into that category as well.

Thanks!

Matthew

I have been keeping an eye out for a good deal as well to trade my M240ix.

$40k with 35-45k miles seems to be the average in my nationwide search. There are of course outliers on either side of the price range, but I agree that seems to be the going rate.

I hope to find a clean example in the $35-40k range, and have limited my search to 2016/7's. Although I continue to find 2018's in the low $40k's.

As far as "overpriced", that is all in the eye of the buyer/seller. I have time to wait until the right deal comes along as my CPO warranty doesn't expire until summer 2022. I keep hoping to find a local M2 owner who is going to trade in, and I can swoop in and get close to a trade in deal. I doubt that will happen, but you can always dream....

Off to comb the webs for OG M2's...

josh

[mattpete13]

Thanks Josh

Agree on all thoughts. Had found one somewhat local to me only to find out that it's owned by a 23 year old as the fourth owner.

Hellllllll no.

[gsrbri]

The OG M2 is and will continue to be a Goldilocks car. It's just right.

Styling is balanced, from the perfect rear deck lid emblem to the power from the N55.

They haven't made many of them and you can buy the car w/a 6MT.

The car is a keeper!

[AlpsRider]

Originally Posted by gsrbri

The OG M2 is and will continue to be a Goldilocks car. It's just right.

Styling is balanced, from the perfect rear deck lid emblem to the power from the N55.

They haven't made many of them and you can buy the car w/a 6MT.

The car is a keeper!

On a side note, that red motorcycle cover goes fast standing still!

[annabellapizza]

Used M2 values are def up in a substantial way. I would expect many m2s to be below 35k if COVID never happened. All used cars are up it seems. More specifically, look at 991 911s! THey are going for crazy prices. I think this will all eventually calm down and m2s will start to depreciate once again in about a year or so. Especially more once the G87 M2 is announced ( and it doesnt have the m3 grill)

[StarMan]

holy crap y'all weren't kidding! I bought mine used last year in March when everything shut down and dealers were struggling to get rid of any car, so I got a heck of a deal.

A year and 6000 miles later, because of this thread I got curious and went to Carmax as well as submitted a form on Carvana and I can actually make a little profit right now; or sell it privately and make even more. So tempted, but currently no other car interests me to replace it, oh well.

Tis a great time to sell, but not so much to buy

[PLF69]

Originally Posted by starvmarv

holy crap y'all weren't kidding! I bought mine used last year in March when everything shut down and dealers were struggling to get rid of any car, so I got a heck of a deal.

A year and 6000 miles later, because of this thread I got curious and went to Carmax as well as submitted a form on Carvana and I can actually make a little profit right now; or sell it privately and make even more. So tempted, but currently no other car interests me to replace it, oh well.

Tis a great time to sell, but not so much to buy

Unless you buy new, prices of new cars have not changed.

[martin-d]

Meanwhile im here in Norway, looking at the prices "over there", and thinking wow, thats cheap!

[jkoral]

Originally Posted by PLF69

Unless you buy new, prices of new cars have not changed.

There was an article in the Boston Globe this week about the lack of new car inventory at dealers and the increased values in the used market (chip shortage, etc)

There were a couple quotes from local dealers that they were not discounting due to lack of inventory, so while you may get more in trade-in value, customers were also paying more for the new car. Obviously depends on make, model, region.

[Bruuuce]

I have mine on auto trader, would sell for the right price, but have had very little interest.

To the point of trade in value, ive been offered low 40s, so the private party price needs to beat that and my tax incentive, imho.

Its a weird market, I would not mind a new M2c, but none in stock around that I am interested in. But I will say, I bought the OG because it didn't have the fancy M engine and didn't want the possible issues around it... Not that that thought bears any real weight...

[stulio2181]

Originally Posted by martin-d

Meanwhile im here in Norway, looking at the prices "over there", and thinking wow, thats cheap!

Yeah, Norway has that 25% Value Added Tax on automobiles, except electric. I think that’s why, I believe, Norway is leading electric car adoption per capita. It’s not cheap to obtain and maintain an ICE there.