[m2ss]

Originally Posted by ///M TOWN

Oh Man, I would’ve kept that and sent it to Tony in Texas…

Who knows, I may buy it back if things get bad enough...

[MineralGreyMetallic]

For posterity, here was my experience in case it can help anyone in the future.

2017 M2 25k miles, 6 Spd, Mineral Grey Metallic, Exec Package, excellent condition

In November '23 Carvana offered me $36,725. A BMW dealership offered me $36k through e-mail without seeing the car.

During negotiations for my 2024 their first offer for the 2017 was $34k. I told them that was a low ball and that I was offered thousands more from 2 other sources, one being Carvana. He asked if I was looking for $37k and I said that's closer.

He came back with $36k. I said $36.5k and we can stop having this conversation. They agreed.

I still feel the car in its condition and low mileage was worth more, but I wasn't interested in haggling any more.

Hope this helps!

[captain slowly]

I don't get all the doom and gloom people here. I think everyone got use to their cars not depreciating in value, and in some cases appreciating, which was never going to last and wasn't normal. Most cars lose 40% or so in the first 3 years of ownership, so the fact that these cars have lost 40-50% now that they are 7-8 years old is still really strong resale.

[MineralGreyMetallic]

Originally Posted by captain slowly

I don't get all the doom and gloom people here. I think everyone got use to their cars not depreciating in value, and in some cases appreciating, which was never going to last and wasn't normal. Most cars lose 40% or so in the first 3 years of ownership, so the fact that these cars have lost 40-50% now that they are 7-8 years old is still really strong resale.

Agreed.

I paid $54k for my 2017 and got $36.5k on trade 7 years later.

Seems like a damn good deal to me.

[murderspice]

As EVs become more mainstream, I can still see standout ICE cars being maintained and sought after. Hell, if you are worried about the EV future at all, theres really only about 30 years worth of ‘good, modern’ ICE vehicles to choose from. Id put the little ole m2 on that list easily.

[murderspice]

Originally Posted by MineralGreyMetallic

Agreed.

I paid $54k for my 2017 and got $36.5k on trade 7 years later.

Seems like a damn good deal to me.

Thats around $200/per month to drive. Sweet deal imo.

[Philly_sweden]

Originally Posted by captain slowly

I don't get all the doom and gloom people here. I think everyone got use to their cars not depreciating in value, and in some cases appreciating, which was never going to last and wasn't normal. Most cars lose 40% or so in the first 3 years of ownership, so the fact that these cars have lost 40-50% now that they are 7-8 years old is still really strong resale.

I am the 2nd owner and have the original contract and the seller only lost 11% from 2016-2023… pretty crazy prices in Sweden but the cars are really expensive in Germany as well. In the UK they are like for free.

[captain slowly]

Originally Posted by Philly_sweden

I am the 2nd owner and have the original contract and the seller only lost 11% from 2016-2023… pretty crazy prices in Sweden but the cars are really expensive in Germany as well. In the UK they are like for free.

Not bad for not a true M car

[mtoosexy]

Originally Posted by MineralGreyMetallic

For posterity, here was my experience in case it can help anyone in the future.

2017 M2 25k miles, 6 Spd, Mineral Grey Metallic, Exec Package, excellent condition

In November '23 Carvana offered me $36,725. A BMW dealership offered me $36k through e-mail without seeing the car.

During negotiations for my 2024 their first offer for the 2017 was $34k. I told them that was a low ball and that I was offered thousands more from 2 other sources, one being Carvana. He asked if I was looking for $37k and I said that's closer.

He came back with $36k. I said $36.5k and we can stop having this conversation. They agreed.

I still feel the car in its condition and low mileage was worth more, but I wasn't interested in haggling any more.

Hope this helps!

I would have given you $40k cash, just sayin... shoulda called me

[mtoosexy]

Originally Posted by ///M TOWN

The problem is the large percentage of people buying currently are going to Stealerships.

The reason people aren’t buying right now is the interest rates are absolutely fucking ridiculous.

^100%
Might throw my Audi up on B.A.T as soon as the auto interest rates cool a bit.

[bmwstephen]

how much did some of you guys pay out the door (with taxes and fees) at the time?

[DanG]

Originally Posted by bmwstephen

how much did some of you guys pay out the door (with taxes and fees) at the time?

Are you kidding me. No way am I going to tell you what I paid 6 years ago.

[David1]

And it would only be relevant if the tax rates for state county etc were equal. In my state you’re taxed on the difference if trading on new so that would mess with your out the door.

[DanG]

Originally Posted by David1

And it would only be relevant if the tax rates for state county etc were equal. In my state you’re taxed on the difference if trading on new so that would mess with your out the door.

My state is the same. Taxed on new price less trade in.

[MineralGreyMetallic]

Originally Posted by David1

And it would only be relevant if the tax rates for state county etc were equal. In my state you’re taxed on the difference if trading on new so that would mess with your out the door.

Yeah, for example, tax rate in my area of LA is astronomical and we pay tax on the full purchase price

[captain slowly]

Originally Posted by bmwstephen

how much did some of you guys pay out the door (with taxes and fees) at the time?

what people paid is irrelevant when it comes to the current value of the car, and will only lead to either people boasting about how much under invoice they paid (yeah right) and others getting roasted for overpaying for the car just because they wanted it and could afford to buy it.

[murderspice]

Originally Posted by captain slowly

what people paid is irrelevant when it comes to the current value of the car, and will only lead to either people boasting about how much under invoice they paid (yeah right) and others getting roasted for overpaying for the car just because they wanted it and could afford to buy it.

Are you literally james may?

(Big fan)

[captain slowly]

Originally Posted by murderspice

Are you literally james may?

(Big fan)

yep. I'm just like him, but without the fame, fortune, tv show, multiple Ferraris and live on Long Island instead of England.

[biguk997]

If any of yall are looking to sell a 2017 / 2018 M2 in the northeast or socal please LMK