12-09-2020, 09:20 PM | #1 |
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KBB M2C value ?
Did anyone appraise their car in KBB? M2C is not available as an option
Just wanted to see my cars current value
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12-09-2020, 09:33 PM | #2 |
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Hmm. Has no value for any 2020 2 series.
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12-10-2020, 05:32 PM | #4 |
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I believe Mint has an integration with KBB to determine car property values:
$51,000 for my 2019 |
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12-10-2020, 08:07 PM | #5 |
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Thats a good price for 2019. However it doesnt show anything for M2C 2020 and above, i can understand it doesnt show for 21 yet but it should show 20 M2C values
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12-10-2020, 08:13 PM | #6 |
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I’ve been tracking used M2C on Autotrader since I bought my 21 a few weeks ago. And I’m a little disappointed at how quickly they’re depreciating. Been seeing some 2018 models in the mid-40s, and 2019 models in the high 40s. Seems steep given the pedigree. Cest la vie.
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12-11-2020, 10:48 AM | #7 |
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I think you'll find that your M2C will depreciate less than many other new BMWs. I bought mine new for 58k two years ago and it's still worth north of 50k after many miles.
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12-11-2020, 11:11 AM | #8 |
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Good to know and where do you see that your car is north of 50K? Thats exactly i want to find out , the value of my 2 month old car and hows its depreciating.
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12-11-2020, 12:41 PM | #9 | |
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Quote:
https://www.edmunds.com/bmw/m2/2020/appraisal-value/ |
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12-11-2020, 03:00 PM | #10 |
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I just saw a local dealer post a 2018 M2 with 8k miles for sale at a list of $54k. Values are still out of whack. Similar cars were going to $40k pre-pandemic. I suspect we’ll see a catch-up in depreciation, but right now if you bought your car at a good price, you’re probably in a great spot still. At least in my case, this is irrelevant—I promised my wife that this would be my “fun dad car,” so I’d get some guff if I tried to press my luck and switch it out in the next 5-7 years. That being said, I have no desire to do that.
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12-11-2020, 05:15 PM | #11 |
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I guess I'm biased...well certainly I'm biased :-) I do believe that the M2 and the S55 models in particular are going to hold up for resale. It's the last model with analogue guages and DCT if you like autos. I believe the upcoming 2023 M2 is going to be bigger, heavier and yes more powerful. I think my M2C is very well balanced which is a rare thing. As I said I admit being biased!
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12-11-2020, 05:54 PM | #12 | |
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Looking at cars.com, the lowest price used 2020 M2C for sale in America is $49K. The average price is closer to $60K while the outlier is $69K. Meaning, in real world, you would get somewhere in the ballpark of low $50s. I know that if i were to trade my car in, I wouldn't do it for anything under $55K. Which isn't bad if you think about it, I had the car for a year and a half now and it only depreciated by like $6K.
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01-14-2021, 01:11 PM | #13 |
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I think i got lowballed on trade in for my M2C at a porsche dealer , they offered 53K for my 2021 M2C having 2200 miles in mint condition. My expectation was 58k
What do you think realistically my car trade in value should be?
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01-14-2021, 01:28 PM | #14 |
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I'll go out and say that a new M2C with your options can be had for $60k NEW (+tax of course). So a used with 2500 miles will likely get a private party buyer for about $54-55k, and a trade in of $52k. Just my guess
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01-14-2021, 01:34 PM | #15 |
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2020 M2 in KBB shows 55K , mine is a 2021. Private party prices are somewhere between 59-60K. 52 does look pretty low
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01-14-2021, 03:03 PM | #16 |
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It does seem low, but thats closer to trade in reality. I'll be honest, I have similar spec, but with more expensive DCT and no roof plus a bunch of small add-ons, and I paid below $60k new. So a new spec like yours can easily be had for $60k or less, so no one will pay $59k for a used. You likely will get $55-56 from a private party. Dealers have to make money so they'll go even lower. I could, of course, be totally wrong, but I'm using my thought process here if I was buying your car. Good luck!
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01-14-2021, 03:29 PM | #17 | |
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01-14-2021, 03:35 PM | #18 | ||
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01-14-2021, 04:05 PM | #20 |
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Anyone know what the highest mileage M2c has sold for? Haven't seen one over 20k miles for sale yet, expected since it's only been available for a few years
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01-14-2021, 04:11 PM | #21 |
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A person can pickup a brand new '21 for < $60k, so expecting 58 on a trade-in is high. Private party sell is best bet to max selling price, but doubt anyone on this forum would give you $58 unless car has additions they want.
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01-14-2021, 04:28 PM | #22 |
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Curious about wanting to move to a P-car after only 2k miles. $58k is just about a 6% discount off of MSRP, so I think you are unrealistic anybody would pay that for a used one - I'm kind of thinking that the 53k is a good offer. I'd have expected them to gouge another 5k, figuring that anybody who would seriously consider that swap isn't going to care about losing a few thousand.
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