01-04-2021, 07:23 PM | #1 |
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Resale M240i v. M2C
Ok, I'm posting this on the M2 board, so the replies may be biased.
I'm considering either a new M240i or M2C. I usually trade/sell about every two years, so I'm curious to know opinions on how much "net" loss I'll take over that time by buying one over the other. I assume I can purchase the M240i for about 8% off MSRP and the M2C for about 6% off, but don't know how the residual value will change that equation. As a start, does anyone know the current 24 month lease residuals? Thanks.
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01-04-2021, 07:42 PM | #2 |
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I don’t think anyone can answer that question for you. The G version of the M240 is due out next year. The G version of the M2 wont be until a 2023 model year. My guess is that the M240 will lose more value in percentage in two years. But may not lose more in absolute dollars.
As a drivers car the M2C wins hands down. But it will cost you more upfront dollars. |
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01-04-2021, 07:42 PM | #3 |
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Having previously owned an M240i and now owning an M2C, they aren't even comparable. For starters, you can actually lease an M240i with decent (for the last few years) residuals. No one leases an M2C because the residual is a laugher.
In terms of resale value, M240's resale will be more inline with typical BMW depreciation curve. Sure, 6MT M240s command a premium, but by and large you're looking at buying a 3 yr old M240i for around 60% of the MSRP. By contrast, M2C is highly in demand and has not really depreciated all that much. Hell, I bought my M2C brand new for only 1-2k more than a lot of used 2019 and 2020 M2Cs on autotrader. A lot of this is due to the M2C only having been around for 2 years so it may change in the next few years, but I would expect you will more than make up for the extra upfront cost of the M2C vs the M240 when it comes time to resale. TL;DR even if M2C is ~10k higher brand new, the resale value gap between M2C and M240i will be far greater than that 10k. If you can swing the M2C, definitely do it.
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01-04-2021, 08:24 PM | #4 |
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The car market will be whatever it will be in 2 years. Nobody can predict it.
So I think you should forget about which car will cost you more or less in depreciation, and just buy the car that you like best. It simplifies the decision, you end up with the car you want, and in 2 years chances are that you won't want to sell the M2C that you are about to purchase, which makes this thread moot.
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01-04-2021, 10:36 PM | #6 |
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I bought an M235i new, sold it 3 years later in perfect condition and lost $30k. on it. My current M2C is 30 months old and has lost only about $5k. You can draw your own conclusions.
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01-04-2021, 11:02 PM | #7 | |
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01-04-2021, 11:06 PM | #8 |
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I have never bought a car because of its potential residual value. Maybe this is bacause I generally keep my cars for a long time. But I think it is because I buy what a really want. Look, for a DD no one needs anything more than a M240i (and even that is overkill). Opting for the M2C is usually about emotion or actually planning on using the car on track or for spirited back-road driving.
So in short, get what you want.. If you buy an M240i and think you will have absolutely no regrets when you see an M2C roll by, that is the way to go. Now, the long-term value for the M2C (at least with the MT) may or may not appreciate depending on BMW's direction with M. That has certainly started to happen with my E39 M5 and E86 Z4 Coupe.
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01-05-2021, 11:41 AM | #10 |
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Take a look at autotrader stock both new and used. Select the color you like, and then look at how many are manual vs DCT and draw your own conclusions . For me, there were multiple HS M2Cs in DCT around the country, but extremely few (0-2) H2 M2Cs in 6MT. So I ordered.
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01-05-2021, 11:48 AM | #11 |
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Honestly, I would buy whatever you think you will enjoy more. The 240i and the M2C are literally on opposite ends of the spectrum. I would recommend driving one after the other. I had a 240i for a day when I had my M2C in for service, driving them back to back, it's not even close. I came away from the drive with the conclusion that the "M" in m240i is for Marketing.
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01-05-2021, 01:25 PM | #12 |
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Thanks to all for the comments. I'll drive both and decide.
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01-05-2021, 01:43 PM | #13 |
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The M240i will get much better gas mileage. I was able to get 31 on long trips with my M235i which is just amazing for a car with that much power. The ZF8 is the perfect commuter transmission. It's smooth and launches the car like a rocket for passing. It does loose points in the canyon carving department though.
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01-05-2021, 02:31 PM | #14 | |
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Although note that any spirited driving dramatically reduces it down to a 22-23 MPG weekend! Or straight up 6 MPG on track! Which is about 3 sessions a tank.
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01-05-2021, 02:46 PM | #15 |
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01-05-2021, 02:50 PM | #17 | |
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01-05-2021, 03:17 PM | #18 |
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I remember taking a trip in my car about a year ago. 95% highway 5% city. Hit some stop & go traffic on the way there & on the way back. 129.0 total miles 29.1 mpg. Engine in Sport 97% of the time, Sport + 3%.
My car is a manual.
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01-05-2021, 03:24 PM | #19 | |
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Since you trade every two years, you are taking major financial hits anyway so why do you care if you lose $1000 more or less? |
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01-05-2021, 03:27 PM | #20 |
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I was able to get mileage like that on a short trip on relatively flat roads. I was never able to achieve it in real world trips over a few tanks.
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01-05-2021, 08:18 PM | #21 | |
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