[slowestM2]

About to plummet?

Hold steady?

Go up?

Thoughts/insight?

[nickl630]

Many topics on this already.

Here are some key points (from an F80 owner whos car is depreciating faster than an M2 )

- Just about all modern cars are depreciating assets.
- M2's are trading in the low 40's, most recently one with 16k sold for 43k at Manhiem
- If you buy any M2 thinking it will be an investment you'll be disappointed.
- M2 values will likely accelerate dropping since the Comp pricing is similar to pricing of the 16-18 M2 models. Remember the 2004 SSR? The 2004 GTO, the 2001 Z06 Corvette? NO car fares well once the drive-train/engine are upgraded.
- If you love the car, buy it and enjoy it!

[slowestM2]

Not looking at it as an investment purely as an own/enjoy/drive the life out of it car.

Hard to not think about the comp given the minor price increase vs the current CPO'd m2's.

[nickl630]

Originally Posted by dirtydesmo

Not looking at it as an investment purely as an own/enjoy/drive the life out of it car.

Hard to not think about the comp given the minor price increase vs the current CPO'd m2's.

I think most people agree with you, we've seen a big influx of M2's in our inventory and most will be going to the comp model since the price difference is so slim, so that equals big depreciation coming for the main M2 market.

[thepriceisright]

A dealer near me has an 18, 57.6k MSRP currently advertising at $55.8. I wonder what they'll end up selling it for.

[slowestM2]

Glad we are on the same page, gonna hold off till post comp release then and see what I can steal a clean one for!

[aftercompletion]

Dealers certainly aren't panicking to get current M2 stock cleared off the lots, that's for sure. Discounts are pretty minimal.

[hellrotm]

Originally Posted by aftercompletion

Dealers certainly aren't panicking to get current M2 stock cleared off the lots, that's for sure. Discounts are pretty minimal.

Nope it’s starting already. Plenty listed on autotrader with $2k-$4k+ off. I’m sure there is more negotiating room too.

Here is one listed with 10% discount.

https://www.herbchambersbmw.com/new/...137b805e90.htm

Certainly a different market now after years of msrp.

[hellrotm]

Originally Posted by dirtydesmo

Glad we are on the same page, gonna hold off till post comp release then and see what I can steal a clean one for!

Good call. There is 380+ new OGM2’s sitting on lots.

Prime months for mega deals will be Oct and Dec.

[HPIA4v2]

Dec always great deal, BMW end of the year incentives were crazy back in Nov/Dec 2017 when I was shopping for an M3. The only caveat, interest rate may go up though later this year.

[slowestM2]

Originally Posted by hellrotm

Good call. There is 380+ new OGM2’s sitting on lots.

Prime months for mega deals will be Oct and Dec.

Wait till Comp launches, scoop a discounted new or CPO'd one optioned how I like that someone traded in on a new one for cheap.

Thats my goal, get a Grey Car, DCT, Exec Package for like 45 or so in 2-3 months

[seis-speed]

Luckily, for OG’s they didn’t make a lot and it seems that trend will continue with a 2 year run on M2C’s.

[Honda_bar]

Originally Posted by dirtydesmo

Wait till Comp launches, scoop a discounted new or CPO'd one optioned how I like that someone traded in on a new one for cheap.

Thats my goal, get a Grey Car, DCT, Exec Package for like 45 or so in 2-3 months

+1 I have the same plan, but want a manual. MPE would be great too

[champignon]

If some of you people who post in threads like this one, would put half as much effort into making money or advancing in your careers, as you do in trying to save a few thousand dollars on a car, you'd be a lot better shape overall, plus you would lose interest in spending hours and hours on who saved the most in their purchase of this or that automobile.

I'm not saying that you shouldn't try to get a reasonably good deal. But focusing on pennies when you should be looking at dollars is a lifetime losing strategy.

[Ross W]

The original Mk1's are relatively limited numbers so could swing the other way but many years away if at all!
Personally I see talk all the time about cars going up in value but buying a car (unless its a Porsche GT at list price) with that in mind is madness! Buy it because you want a relatively cheap sports car that you an enjoy

[PLF69]

Don't know don't care, just want DCT M2 at reason able price...

let me know, I live in Canada...

[AngryBaby]

Originally Posted by champignon

If some of you people who post in threads like this one, would put half as much effort into making money or advancing in your careers, as you do in trying to save a few thousand dollars on a car, you'd be a lot better shape overall, plus you would lose interest in spending hours and hours on who saved the most in their purchase of this or that automobile.

I'm not saying that you shouldn't try to get a reasonably good deal. But focusing on pennies when you should be looking at dollars is a lifetime losing strategy.

OMG your posts are so obnoxious

[champignon]

Originally Posted by AngryBaby

OMG your posts are so obnoxious

If the most interesting thing you can write about on a car, on what is supposedly an enthusiast forum, is how much you saved on it or what it is going to be worth later . . . . . maybe should just buy a Civic.

[AlpsRider]

Originally Posted by champignon

If the most interesting thing you can write about on a car, on what is supposedly an enthusiast forum, is how much you saved on it or what it is going to be worth later . . . . . maybe should just buy a Civic.

You just lost another $1000. making that post.

[champignon]

Originally Posted by AlpsRider

You just lost another $1000. making that post.

Touché!

Spending time on car forums is definitely a waste of time.

All these repetitive threads about what the car costs, what the car is going to cost when the M2C comes out, how much did you save (this month as opposed to 2 months ago), it's as if no one ever reads down more than a few threads from the top so they have to keep starting the same threads all over again. And these threads have very little to no actionable information, are riddled with guesswork and speculation, etc.

An M2 is a relatively expensive car; if you can't afford to have it depreciate like a BMW or if you can't stomach the thought that someone else got a better deal than you did, you should just buy another car.

I have a VW and go to a couple of VW forums. Those people, who presumably have way more reason to try to save a buck, have about 1/10 the number of "what did it cost you," "what is the car going to be worth next Tuesday" type of threads than you find here.

[Honda_bar]

Originally Posted by champignon

If the most interesting thing you can write about on a car, on what is supposedly an enthusiast forum, is how much you saved on it or what it is going to be worth later . . . . . maybe should just buy a Civic.

Just because I can afford something, doesn't mean I have to buy what you would say is better. If there's a 15k difference for a very low mileage m2 vs the comp, then it's worth the wait to save some cash... If the comp is amazing then I'll buy that. Why have a cow? I don't post much, but this board generally has pretty respectful members, guess not all are like that...

[champignon]

Originally Posted by Honda_bar

Just because I can afford something, doesn't mean I have to buy what you would say is better. If there's a 15k difference for a very low mileage m2 vs the comp, then it's worth the wait to save some cash... If the comp is amazing then I'll buy that. Why have a cow? I don't post much, but this board generally has pretty respectful members, guess not all are like that...

I'm not telling anyone what to buy; I'm just saying don't perseverate about it too much.

I just bought a car last week; a 2018 Golf R, on which I traded in my 2016 R. The details of what I bought are irrelevant. I scanned the boards for about 15 minutes to get some idea of what was out there, looked at the inventory within reasonable driving distance and time, then contacted 6 or 8 dealers. Only 2 had what I really wanted, however there were some other cars (color choices) I might have accepted. I talked prices with 3 dealers in the end, ruling the others out on the basis of lowball trade offers, terrible online reviews and/or BBB ratings, etc. One dealer stood out with his trade in offer, and was very straightforward on all other aspects. I decided to go with my gut and booked a $100 hotel room online, and arranged the financial details.

I drove out there on Sunday, 300 miles, stayed overnight, exchanged cars and keys with the salesman the next morning, then drove the car home.

I came within $1000 of the best deal reasonably attainable. Everyone was happy; me, the selling salesman, the selling dealership, the hotel I spent $100 on, and the shithole restaurant I ate in on Sunday night.

This process is not brain surgery. People who have the ability to spent $55K or more on a car should know how to prioritize their time, get the best bang for their buck (taking the value of their own time into consideration), buy the damn thing, and move on.

I'm not saying don't put a few hours into the process and don't negotiate. What I am saying is that turning this into a many month's long odyssey trying to save the last nickel, is (I hope) a bad use of your time, and hopefully, you can find more productive things to do with it, like making more money so that you can continue to be able to afford to drive a nice car and live in a nice house.

That is all.