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      10-11-2019, 08:51 PM   #1
cactusjack
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M2s holding value

Someone tell me why the OG first year M2's are STILL over 40k! Im surprised its holding its value this well. When can we expect them to come lower than 30?
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      10-11-2019, 09:04 PM   #2
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Quote:
Originally Posted by cactusjack View Post
When can we expect them to come lower than 30?
My best guess is sometime in November.
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      10-11-2019, 09:44 PM   #3
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My guess is at least one year from now.
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      10-11-2019, 09:46 PM   #4
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Quote:
Originally Posted by cactusjack View Post
Someone tell me why the OG first year M2's are STILL over 40k! Im surprised its holding its value this well. When can we expect them to come lower than 30?
When 4 year warranty expires on them you will see them drop. Most still under warranty.
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      10-11-2019, 10:28 PM   #5
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Next summer you will see them in the upper 30's....No warranty and no CPO 😎
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      10-11-2019, 11:17 PM   #6
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Not so sure,
OG m2 will most likely hold value because its already a bargain. Some clean s2000 are low 30’s where I live, I doubt m2 will go lower than that even in couple years
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      10-12-2019, 09:13 AM   #7
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Quote:
Originally Posted by cactusjack View Post
Someone tell me why the OG first year M2's are STILL over 40k! Im surprised its holding its value this well. When can we expect them to come lower than 30?
When totaled...
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      10-12-2019, 10:31 AM   #8
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They might drop to 30k just before the new 2 series comes out in 2023. Then when everyone sees that the 2s are becoming yet another land yaht then prices will go back up. Who knows.
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      10-12-2019, 12:46 PM   #9
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the M2C killed the resale of the M2
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      10-12-2019, 01:19 PM   #10
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Quote:
Originally Posted by amrk47 View Post
the M2C killed the resale of the M2
Over here, M2C are dropping very fast. My dealer has 2 for a while now (new).
OG just dropped under €40.000 (with 65.000km). OG's official CO2 output is way less than M2C (due to new WLPT) so I guess less taxes... Dealer has 3 (used, sitting for 3+ months, all three 20.000km for around €50.000).
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      10-12-2019, 02:18 PM   #11
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Quote:
Originally Posted by cactusjack View Post
Someone tell me why the OG first year M2's are STILL over 40k! Im surprised its holding its value this well. When can we expect them to come lower than 30?
Hey if you wait long enough they'll be 15k!
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      10-12-2019, 03:34 PM   #12
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When I was shopping for an OG (6-speed) in June 2019, there was only 1 local to me (except for a private sale over with an over $50K asking).

Searching just now for 2016-2018, I only find four 6-speed M2s within 500 miles of my Boston-area zip code. (And all are listed over $40K, with one at $48K and another at $52K -- asking price of course)
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      10-12-2019, 04:30 PM   #13
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Quote:
Originally Posted by 2nd chance View Post
Over here, M2C are dropping very fast. My dealer has 2 for a while now (new).
OG just dropped under €40.000 (with 65.000km). OG's official CO2 output is way less than M2C (due to new WLPT) so I guess less taxes... Dealer has 3 (used, sitting for 3+ months, all three 20.000km for around €50.000).
Over here, discounts for 70+ BMW M cars were promoted on the official BMW website (M2C / M3 / M4 / M4 Cabrio / M3 CS / M4 CS / M4 GTS / M5). That means, before a customer even negotiates, that discount is already granted. All dealer cars, never sold so far (new), sitting on BMW M dealer lots. Over 80% mentioned a mileage ranging from 0 to 10 km. Lots of M2 Competition got discounts of at least 10% (ranging up to 20%). Same goes for the advertised M4 discounts (ranging up to 23%) and M4 CS discounts (ranging up to 22%). Quite unclear why the list got reduced to only 4 cars in just a few days.

It would be interesting to know, when you're negotiating the M2 CS price in a couple of weeks with a BMW dealer, what the reply will be when you point out those 10-20% BMW M discounts on brandnew dealer cars publicly advertised early October 2019 by BMW.
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      10-12-2019, 05:04 PM   #14
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Quote:
Originally Posted by Artemis View Post
It would be interesting to know, when you're negotiating the M2 CS price in a couple of weeks with a BMW dealer, what the reply will be when you point out those 10-20% BMW M discounts on brandnew dealer cars publicly advertised early October 2019 by BMW.
Holy crap, not seeing that here in Canada.

A 20% discount on M2C would be very interesting to me...
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      10-12-2019, 05:33 PM   #15
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Quote:
Originally Posted by 1mm2 View Post
Holy crap, not seeing that here in Canada.
A 20% discount on M2C would be very interesting to me...
M2 Competition: for 40 unsold dealer cars, discounts of at least €10K were mentioned.

An M3 CS (SMB) with 2032km dropped from €129.265 to €84.480 (€44.785 discount or 34.65%).

An M4 CS (SMB) with 3km dropped from €126.350 to €99.990 (€26.360 discount or 20.86%).

An M4 CS (BSM) with 6000km dropped from €133.305 to €99.995 (€33.310 discount or 24.99%).

And for an M4 GTS with 182km €15K was knocked off (dropped from €190K to €175K). So it must be crisis.

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      10-12-2019, 05:45 PM   #16
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Quote:
Originally Posted by Artemis View Post
M2 Competition: for 40 unsold dealer cars, discounts of at least €10K were mentioned.
An M3 CS (SMB) with 2032km dropped from €129.265 to €84.480 (€44.785 discount or 34.65%).
An M4 CS (SMB) with 3km dropped from €126.350 to €99.990 (€26.360 discount or 20.86%).
An M4 CS (BSM) with 6000km dropped from €133.305 to €99.995 (€33.310 discount or 24.99%).
And for an M4 GTS with 182km €15K was knocked off (dropped from €190K to €175K). So it must be crisis.
My guy here in Toronto told me to be patient as the deals/incentives were coming, just not here yet.

Even a 10% discount would be a good starting point for me, we did that with my wife's LCI. I'm hoping this happens when snow hits the ground...
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      10-12-2019, 06:41 PM   #17
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Quote:
Originally Posted by amrk47 View Post
the M2C killed the resale of the M2
I thought the same thing, I mean, it stands to reason. But the fact is that it just didn't. MANY people prefer the OG M2 to the M2C, including myself.
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      10-12-2019, 10:52 PM   #18
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my 18 m2 with 25k miles trade in value is 39k according to kbb, a 19 m2 with 25k miles is 48k trade in value
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      10-13-2019, 01:24 AM   #19
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I looked into kbb instant cash offer and was offered $39.5k. 18 M2 with 13.5k miles.
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      10-13-2019, 02:16 AM   #20
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Quote:
Originally Posted by DroneandDone View Post
I looked into kbb instant cash offer and was offered $39.5k. 18 M2 with 13.5k miles.
which is abysmal, a 18 gt350 with 25k miles has a 42k kbb trade in value, still higher than my M2
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      10-13-2019, 07:15 AM   #21
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Heavy discounts= a new financial crisis on the way for 2020!?!

or... M needs totally new cars fast! Old cars, very old cars ! Bring on the new noses!
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      10-13-2019, 09:18 AM   #22
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Quote:
Originally Posted by Artemis View Post
M2 Competition

Attachment 2158523
I will be sending my SA this next week and see what he says.

Hopefully we get this here in Canada and I can get one.

Even though I love my wife's LCI I keep telling her we need a real "M" car.

Suffice to say I've been rather lonely lately...
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