04-24-2021, 07:16 AM | #67 |
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Thanks to all who have posted on this thread!
Sucks but unfortunately for all of the reasons mentioned I need to be out of the used M2 market, and the used market in general! Will continue to save and put money into my e91. Probably wait for the next gen M2 to come out and see where prices land. Maybe by then I could get into a CS! 🤣 but probably not. |
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04-24-2021, 07:55 AM | #68 |
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Keep in mind that equipment on cars in Europe, especially safety related, items are greater.
A golf is about the same price (number) here in north America and the uk. The uk's currency is worth more usd though. 23,195 usd to start vs 23,360£ vs 22,995 cad It is worth noting the uk is a mk8, and the na cars are mk7.5. I had done a comparison previously though, and to get European cars to the na equivalent (generally larger motors) is quite expensive. On a side note, there is only 1 m2 for sale in the gta currently. Asking 49k |
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04-24-2021, 12:17 PM | #69 | |
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04-25-2021, 11:26 AM | #70 |
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Just reran value of my car with vroom and it went up $1k in matter of 2 weeks. At this rate my 18 og will hit 48-50k in a month or so. Not to bad when I paid 56k out the door for my DCT exec package. Currently at 10k miles
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04-27-2021, 02:59 PM | #71 |
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Drives: 17 M2 DCT | 16 Lexus IS300
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Would it be safe to assume here M2 with ~21K miles, is $40K a good deal? at $43K still a good deal?
Going to go through all the checks so assuming in good condition re: PPI etc. |
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04-27-2021, 07:02 PM | #73 |
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Year is important
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04-29-2021, 02:37 PM | #75 |
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04-29-2021, 03:08 PM | #76 |
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Used car prices are also currently better in Canada than the US.
My previous car (not a BMW) was bought by a guy in the US because it was cheaper to pay import duties and pay for transportation than to buy one locally. Based on Kelley Blue Book A 2017 M2 with DCT and 37k miles Private party sale US $43,525 CANADA $37,266 (CAD 45,758) |
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04-30-2021, 08:00 AM | #77 |
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weird market now for sure.
But why would someone accept less than carmax, vroom, or some of those other places will pay? Also there are tax incentives for trade in's, why go lower than that package price. At the end of the day, a car is worth what someone will pay, so there is that. Then there is the situation where someone needs to get out of the payment or needs the cash... I do think the M2 fits a great sweet spot in the market.
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04-30-2021, 09:30 AM | #78 |
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I entered my vehicle information on Vroom Monday and got an estimate. Got another email this morning stating the estimate went up $500. The frequency of the dealership offers to trade my '18 has also increased. I'm not selling and will run this car into the ground.
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04-30-2021, 10:02 AM | #79 |
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I have a '18 DCT with 18,000 miles, and I put in my info on Vroom yesterday and they offered $45,360. I bought it for 6 months ago (off a member here) for $40,000... it's got me wondering if I should sell, haha! So that means it's worth even more on the private sale side - but would anyone buy an OG M2 for higher than $45k?
I'm not selling either way but it's nice to know a lot of us would get paid to own and enjoy a car, at least temporarily. |
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04-30-2021, 12:39 PM | #80 | |
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04-30-2021, 12:54 PM | #81 |
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If you don't mind going for a bit of a drive, the 2018 LCI M2 Justbettercars has out in Roseville is in really good nick.
I went and test drove it a couple weeks ago, before I decided to go for a new M2C instead. There is a BMW specialist just around the corner that does used-car inspections too, for peace of mind. Really low-key chill sales guys too. In a world where new allocations were all gone, I likely would have gone for it instead. |
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05-02-2021, 12:37 PM | #83 |
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05-02-2021, 05:39 PM | #84 |
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Same here in the GTA.. I sold my '18 LCI with 30k km for that price back in Sept. Thank u, next
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05-02-2021, 08:55 PM | #85 |
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Excellent point. I was not aware of that. The example I gave was starting price. It's a slightly smaller motor in the uk, and doesn't have all the same features. Not enough to balance out though.
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05-03-2021, 06:22 AM | #86 | |
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05-03-2021, 07:10 AM | #87 | |
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05-03-2021, 11:57 PM | #88 |
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For anyone that's curious, here's a great tool to look at the prices of used cars. As mentioned, used car prices are up because of chip shortages that have stopped or delayed new car production.
https://www.cargurus.com/Cars/price-trends/ |
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