03-27-2020, 10:03 AM | #23 |
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I would say drive it first to see if you even like it.
You say the stock market is unpredictable, well what about the car market? The 1M is a nice car, but a "low cost" "classic" of which objectively there are tons around. When people start feeling the financial squeeze of COVID-19 and the recession that seems to be coming, the first thing they will look to do is unload superfluous assets like cars. I think most 1Ms are owned by well off people, but not that well off that they have F U money (same for E30 M3s and other sub 100k classics). So I expect the bubble for these cars to pop soon and the prices to drop significantly. I am into MX5s (the old one with pop up headlights) and already in the last week or 2 the number of cars for sale has skyrocketed. If you have the cash I would sit on it and wait to buy some cheap assets in the near future.
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AX 1.1 --> AX GTI --> NA Roadster 1.8 --> E39 528i --> Xsara VTS --> Volvo 940 LPT --> Focus RS MK3 --> M2C + NA Miata 1.8
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03-27-2020, 10:26 PM | #24 |
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I did add 4,801 miles...
and the wife's Clubman is on a charger too - just not driving too much these days.
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08-08-2020, 09:57 PM | #25 |
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Drives: BMW 1M 2012.
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Don´t know what you finally did, but if you have a chance of buying a clear 1M, donde hesitate, its worth having it. I have one with 6.500 miles and just bought a M2C,they are so different, but at the same time both are special, considering the 1M "less artificial".
Love my 1M, love the design, performance, handling, it will never disappoint you. Additional, it has been appreciating as only 6.200 were made. |
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08-08-2020, 09:58 PM | #26 |
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Drives: BMW 1M 2012.
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08-09-2020, 08:11 AM | #27 | |
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Quote:
That car was $75k new (in today’s dollars) in 1987. If that money had been invested in the S&P, they’d have over $800k today. Essentially the guy took a $550k opportunity cost loss owning the car. And don’t forget, he barely got to drive it a few thousand miles. Cars are never good investments, even when they are. Buy the car you enjoy most and forget it ever being a wise financial decision. |
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08-09-2020, 10:26 AM | #28 | |
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Quote:
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08-09-2020, 11:10 PM | #29 |
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I’ve had both and have an 18 m2 now. Both manual.
I really like the m2, but I liked the 1m more and if they cost the same would own a 1m. The 1m feels much more natural than the m2. Specifically steering, lack of synthetic engine sound, and the lack of auto blip. The m2 is without a doubt faster and the exhaust sounds better. It also technically handles better and has a much better chassis and more grip. That said, the 1m is plenty fast and unless you track it a lot where the lack of front end grip and boost happy nature of the engine can be somewhat spiky and frustrating, it’s more fun on the street. It also rides a lot better, the m2 is overly stiff for no apparent reason in stock form. Both are great cars, and the m2 is without a doubt the best thing M has going at the moment in my experience. |
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08-11-2020, 08:12 AM | #30 |
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Was it on Reddit? I posted something similar there a few weeks ago 😂
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08-12-2020, 04:20 AM | #32 |
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I owned one as well. Currently own a heavily modified m2c.
I mean there is no arguing that hydraulic steering has better and more feeling than Electric. But that’s where the positive ends for the 1m in the comparability to the m2. I don’t look at any car as an investment because I drive the shit out of every car I own. Forget tuned and modded. The stock m2c is a better car in every way minus the numb steering... the m perfmance coil overs change that almost completely, and give you 70% of that feeling back imo. I put almost 30k miles on my 1m in the barely 2 years I owned it. Already have 11k on my m2c and it’s barely 4 months old. It’s a much more enjoyable drive. In every way one you do some mods. |
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