[mattpete13]

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.

[Djphonics]

Originally Posted by ///M TOWN

You're correct

Amazing to be so clean

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

[Ggeezer]

Originally Posted by Djphonics

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

UK and other European prices also include VAT whereas North American prices exclude sales taxes.

[deneed4spd]

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

[lalaland7894]

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.

[stulio2181]

Found this data from Car Gurus, can’t speak to the accuracy.

[SebsM2]

Originally Posted by lalaland7894

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.

Year is important

[lalaland7894]

Sorry guys, I completely forgot that part - it's a 2017!

[mr_lab_rat]

Originally Posted by Dj_Quik

They selling one here in my area. 2017 with 26000 kms /16000 miles for 52000 canadian 😂😂😂. Bought mine for low 40 2 years ago. Used car prices are ridiculous rn

Low $40k CAD?

[Phab]

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)

[Bruuuce]

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.

[stulio2181]

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.

[skream]

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.

[PLF69]

Originally Posted by skream

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.

Around here the private sell and dealer trade in as gotten almost equal.. of course depends on that car, year and mileage

[Capt Canuck]

Originally Posted by lalaland7894

Sorry guys, I completely forgot that part - it's a 2017!

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.

[deneed4spd]

Just got quoted $47k on vroom for my 2018 with 10k miles DCT. A part of me wonders if I should sell and swap with to a 2021 m2. I got my car for $56k so that is not bad at all depreciation!

[AlpsRider]

Originally Posted by deneed4spd

Just got quoted $47k on vroom for my 2018 with 10k miles DCT. A part of me wonders if I should sell and swap with to a 2021 m2. I got my car for $56k so that is not bad at all depreciation!

If you want a new M2C, you'd better hurry.

[grl.racr]

Originally Posted by Dj_Quik

AKA where people WILL pay 52000 for an OG lmfao.

Same here in the GTA.. I sold my '18 LCI with 30k km for that price back in Sept. Thank u, next

[Djphonics]

Originally Posted by Ggeezer

UK and other European prices also include VAT whereas North American prices exclude sales taxes.

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.

[PackPride85]

Originally Posted by Anthony1s

Have other cars gone up in value too? What we're seeing could be due to inflation, new car supply shortages, Biden's plan that increases taxes, and/or an increase in wage pay.

The last two, consumers end up paying more because companies increase prices to make up for the loses the govt imparts on them. If new cars become more expensive, that drives consumers to the used market, which increases used car prices.

What we're seeing right now is asset price inflation due to the pandemic and semi conductor shortage. Zero to do with any theoretical government spending plan.

[stulio2181]

Originally Posted by Anthony1s

Have other cars gone up in value too? What we're seeing could be due to inflation, new car supply shortages, Biden's plan that increases taxes, and/or an increase in wage pay.

The last two, consumers end up paying more because companies increase prices to make up for the loses the govt imparts on them. If new cars become more expensive, that drives consumers to the used market, which increases used car prices.

From what I've gathered, all used car prices have been going up. There's a major chip shortage. The supply lines are choked due to Covid.

[skream]

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/