12-29-2020, 04:40 PM | #1 |
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2016/17 M2 Price Trajectory?
Considering an M2 as my next car, and while I could spend $40k I will be trying to keep it to as close to or under $35k as possible. Will we see 2016 and 2017 hit these prices with reasonable (around 30k) mileage any time soon (ideally this upcoming summer or fall)? I guess the good news is that I am looking for a DCT so may make things easier.
Maybe I am crazy, but OG M2's are holding there values extremely well, was going to get an E92 M3 (and may still) but I do like the M2 a lot just not at a near $10k premium to comparable E92s. My thinking is that M2 Comp models coming off lease soon may push the market down, as well as the new M3/M4. But it may be too little too late. |
12-30-2020, 09:01 AM | #2 |
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Lots going on in this post...
First the F87 and E92 are entirely different cars with entirely different driving experiences...so I wouldn't call them "comparable". Are you just trying to get into any affordable M car or do you genuinely have a reason to love and want both cars for what they offer? For example, "settling" for an E92 because it's cheaper could be a disappointment (and waste of money) if you want the low end torque of the F87 for daily driving in the city...you gotta rev out the E92 to really enjoy the S65 and, IMO, it is hard to experience the most enjoyable aspects of the car in a city driving environment. As far as future values, it's anybody's guess. I don't think many M2s were leased because the residuals were terrible. So I wouldn't count on a bunch of lease returns flooding the market. That said, I do believe that you can likely find 2016-2017 DCT M2s with reasonable mileage for upper $30k next year heading into the winter when prices seem to ease a bit. But like I said, anybody's guess. All that said, first identity what you truly want. Then be patient, watch the market for your opportunity to pounce, and don't settle for something you don't really want. It will cost you more in the long run. Good luck!
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12-30-2020, 05:54 PM | #3 |
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As the other poster said, F87 M2 and E92 M3 are completely different cars. Do you want a naturally aspirated V8 or a turbo I6? Completely different experience in terms of driving them around town day to day.
It seems that M2Cs are holding their used values well above 50k. I'd be shocked if you could get an M2C under 45k anytime before 2022. But the OG M2 is not the M2C, they might as well be different cars. And as people shop specifically for the M2C, M2 values will eventually fall. You're right around the time when the warranty is running out on the first batch of M2s. Give it a few more months, and you'll see a good amount of used M2s entering the used market as cars usually do around the time their factory warranty runs out.
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01-01-2021, 07:15 AM | #4 |
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Imo, prices will continue falling. Mid $30k is totally doable.
Case in point. https://chesapeake.carlotz.com/expre...1H9C34HV887360 |
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01-01-2021, 09:14 AM | #5 |
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There's M2s our there for right around the 35K price range right now. Just gotta find em. Also depends on how many miles you want on it.
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01-27-2021, 02:22 AM | #6 |
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What exactly is a comparable e92 m3? One with similar miles to an m2? Low mile e92 m3s are starting to go for a premium. Ones with miles appropriate for the age of the car don't seem to have much farther to fall as far as price. If you really want an e92 or an e90 M3, get one now before all the good ones get bought up. I don't think they're going to be cheaper in five years, but some will have more miles and some will be in the junkyard. They still make the mustang gt350, but after that high revving V8 motors are done forever.
As far as lease returns in the M2 effecting the market, no. Almost no one leased this car because the lease rates were terrible and lease bros were not going to lease an m2 for a grip of cash per month when they could have been in a new m3/4c for less than the m2. I own both vehicles and they're basically opposite cars. Ones all motor and power at the high end. The other has the chassis and fat torque in the mid range. |
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