09-24-2020, 02:24 PM | #1 |
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Good Price for a Used 2019 M2C?
https://shift.com/car/2019-silver-bmw-m2/c1928474
I came across this listing for a 2019 M2C with 24K miles for $49,950. What do you think of this price? The OTD price would be $56,410. Seems a bit steep given that similarly-spec'ed new 2021 would cost around $62K. With a 5% discount off the sticker price and then add tax, fees, registration, a new one would be around $64K. A OTD price of $8K less than a brand new OTD price just doesn't seem worth it given the additional mileage and value lost from free maintenance and additional 2 years of warranty coverage. What do you think? Last edited by Jeff01234567; 09-24-2020 at 03:24 PM.. |
09-24-2020, 03:42 PM | #2 |
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I was looking at a few units for <$50k with <10k miles, then just decided to buy new. Discounts 5-10% off MSRP are certainly viable. My unit, prior to taxes and fees was in mid-50s. So with the 3 years of included maintenance and 4 years of warranty, I figured it was worth it to just buy new. Plus, buyers in this calendar year get a free BMW track day. So that’s cool. It’s not hard to find folks here who can be a conduit to dealers that price very competitively.
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09-24-2020, 04:14 PM | #3 |
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Totally agree! Mileage to price ratio is not there for the model you provided. Plus I really believe the used car market is still out of whack. New 2021's are starting to pour in, once more get on the market the 2019's will take a bigger depreciation hit...I am eyeing for one under $50k with low miles...Hell I would even jump on a 2018 CPO with low miles for the right price...My prediction is that by December you will find a bunch of deals...
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09-24-2020, 05:39 PM | #4 |
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Thanks for the feedback! Honestly, it's kind of a dilemma for me - the ideal time for me to buy a car (for financial reasons) would be October 2021. However, that would be too late to buy a new M2C since they are supposed to be out of production in summer 2021. My options then would be to purchase a new 2021 sometime before summer (and have to stretch financially until October) or wait until I'm ready and settle for a used one.
Seeing these used M2C prices make it feel like the second option is not worth it but perhaps as you said it's COVID that's inflating these used car prices. |
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09-24-2020, 08:18 PM | #5 |
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Demand will remain high as a lot of people do not like the changes coming through from BMW. I got my car and 2 friends put in orders the following week.
Dealers are ordering almost exclusively dct cars so if you find one you like or want a manual don't procrastinate. |
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09-26-2020, 08:35 PM | #6 | |
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09-27-2020, 12:34 PM | #7 |
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For $50k to $52k I'd be looking for a 5k mile M2C.
That's precovid pricing and the correct price for a used m2c. A 2019 w/ 24k miles should be $45k or LESS. I dont know what the service hx is on this car but a 24k mile car is going to require brakes, tires, and a 30k mile service soon enough. Just wait and prices will stabilize. |
09-27-2020, 08:04 PM | #8 | |
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09-27-2020, 10:45 PM | #9 | ||
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https://www.bieneraudi.com/used/BMW/...445222334f.htm Another two cars sold for $52k to $53k both w/ 1k to 2k miles on odo. Close to 10% off new cars will happen again on leftover stock in spring of 2021 into summer of 2021 IMO |
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09-28-2020, 03:29 AM | #10 | |||
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Here is Cali, car sales are going thru the roof with COVID. Especially hard to find deal for used cars.
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09-28-2020, 06:38 AM | #11 | ||||
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If I were on the West coast I'd buy out of state and make a road trip Out of it. But some east coast, esp in Jersey, are also terrible, so terrible in fact that it makes you not want to buy a BMW altogether |
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09-29-2020, 01:55 PM | #12 | |
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12-05-2020, 07:19 PM | #13 | |
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12-29-2020, 06:04 AM | #15 |
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because this isnt 2009. the recovery from covid is pretty much a K shaped recovery.
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12-30-2020, 05:38 PM | #16 |
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Because the people hurt economically by the pandemic are less likely to have a $60k sports car. As opposed to the recession where it was quite likely that the people hurt economically had a $60k sports car.
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01-07-2021, 12:20 AM | #17 |
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I also do feel like fortunes were very polarized this year. Higher income households probably did very well financially this year because they have stable jobs, less expenses, and higher chance of owning stocks, which did extremely well this year. On the other hand, the lower income faults had to deal with shutdowns, bills piling up, and likely to be working in an industry with more exposure to Covid. Definitely a case of the haves and have nots. As a result, it seems that expensive sports and luxury cars have had inflated values while economy cars are probably plunging in value.
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01-07-2021, 04:31 PM | #18 | ||
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03-14-2021, 10:41 PM | #20 |
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03-14-2021, 10:59 PM | #21 |
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Well you currently can't tune a new M2C. Maybe never.
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03-15-2021, 02:37 PM | #22 | |
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