[fridex]

So i'm seriously considering trading in my M2C for an M3.
I have the 2019 M2C with 12k miles, manual, exec package, no sunroof.

My logic is i can get +-25k of equity on it and trade into a brand new car that's objectively better. (3 is a bigger number than 2)

SO, I'd be driving a brand new M3 (manual, same as my M2C) with 4 doors and a brand new warranty and maintenance.
And my monthly payment will be slightly less...

Am i missing anything here? It's a no-brainer.
Except, i love my M2...

[Bumpinjeep]

Originally Posted by fridex

So i'm seriously considering trading in my M2C for an M3.
I have the 2019 M2C with 12k miles, manual, exec package, no sunroof.

My logic is i can get +-25k of equity on it and trade into a brand new car that's objectively better. (3 is a bigger number than 2)

SO, I'd be driving a brand new M3 (manual, same as my M2C) with 4 doors and a brand new warranty and maintenance.
And my monthly payment will be slightly less...

Am i missing anything here? It's a no-brainer.
Except, i love my M2...

Sure, but do you really want a car that looks like the G80? A potential downside would be that we don't know what the market will be like. You could lose a ton of money on the G80. I think universally, the looks of the car have been panned, will that have an affect on the long term value of the car? Maybe and currently, we know that the M2 is holding it's price very strong. It's really hard to give advice in this bizarre car market though. I suppose if you really want an M3, you should def get one and make sure the dealer doesn't hose you on the trade in.

[BigKutta]

Originally Posted by fridex

So i'm seriously considering trading in my M2C for an M3.
I have the 2019 M2C with 12k miles, manual, exec package, no sunroof.

My logic is i can get +-25k of equity on it and trade into a brand new car that's objectively better. (3 is a bigger number than 2)

SO, I'd be driving a brand new M3 (manual, same as my M2C) with 4 doors and a brand new warranty and maintenance.
And my monthly payment will be slightly less...

Am i missing anything here? It's a no-brainer.
Except, i love my M2...

Based on monthly payment? That's the worst way to look at any purchase, you have to factor in the total cost of doing this. But if you want to get rid of the M2 or want to get an M3, then sure why not?

[MystroX5]

You will never get close to the current M2C trade-in/cash money as you are today. The money is stupid strong right now on a M2C. It wont be close to this in 2 years. At this point, you either keep your car long term and forget its depreciation or make some coin now and sell it.

[fridex]

Originally Posted by MystroX5

You will never get close to the current M2C trade-in/cash money as you are today. The money is stupid strong right now on a M2C. It wont be close to this in 2 years. At this point, you either keep your car long term and forget its depreciation or make some coin now and sell it.

that's kinda my thinking but why are you so convinced?

[AlpsRider]

Well, I'm not convinced that the F87 prices will fall off a cliff in two years. There are other factors to consider than short term inflation and chip shortages. It is a special car and I'm not the only one that thinks so.

[MystroX5]

Originally Posted by fridex

that's kinda my thinking but why are you so convinced?

Because we are in a perfect storm of supply and demand with the auto industry and excess of luxury money out there. The M2C is not going to appreciate higher than its msrp in 2 years. I’ve got 30 years of Porsche experience with classic and modern 911’s and know how rare a vehicle has to be to really sustain its value. The M2C is too common as it is a standard production car made in high numbers and will be replaced by a newer high production M2C. It’s a great car but not a investment grade automotive. There is nothing wrong with that and we are in a anomaly to take advantage of a interesting time for a seller. Horrible time for a buyer unless you buy new at close to msrp.

FYI: I sold my low mileage, loaded 2019 M2C for $64k cash money to my dealer. I drove the car for free for 2 years and made a few grand$$. I love the car but I’d kick my own ass if I didn’t take advantage of the situation. They really want my fully loaded X7M50i but I won’t sell that as I actually need it.
I can buy anything I want when I have time for another fun car. I currently have classic air-cooled 911 that won’t be sold even though the money is stupid on them now. The biggest problem I see now is high end vehicles can’t be truly fully loaded for lack of options. This includes BMW, Mercedes Benz and Audi. Even the very top tier vehicles lack some very desirable options that are on fully loaded 2020 flagship models. All 7 of the new S-Class I looked at on the lot had options deleted for parts shortages with lame low $$ credits. These cars are really at a disadvantage without these top tier options. Pretty bad for the latest MB flagship.

[RobTile]

I had a 2019 hockenheim dct, executive comp that got rear ended. I fought hard with insurance company for the extras and they caved after 8 adjusters and telling them I'm going somewhere else. Was into the car for about 81k with tax, interest, PPF and carbon fiber bits. Walked away with 78k. I got the same car in a 21' so the way look at it I drove it for 30 months and in cost me 100bucks a month to try it out and see if I liked it. I liked it. Even if I get 50k in three years on the 21' if I choose to part with it I'm still ahead of the game over the six years. And 0.9% didn't hurt either.

[MystroX5]

Originally Posted by RobTile

I had a 2019 hockenheim dct, executive comp that got rear ended. I fought hard with insurance company for the extras and they caved after 8 adjusters and telling them I'm going somewhere else. Was into the car for about 81k with tax, interest, PPF and carbon fiber bits. Walked away with 78k. I got the same car in a 21' so the way look at it I drove it for 30 months and in cost me 100bucks a month to try it out and see if I liked it. I liked it. Even if I get 50k in three years on the 21' if I choose to part with it I'm still ahead of the game over the six years. And 0.9% didn't hurt either.

You are right where you want to be. Cheap fun.
I always did well on the older 911s but I got reamed with a 991 C4S 3 years back. Now it’s hard to say what a modern 911 will do in 4 years time. My gut says when the dust settles and less than great builds are out there because of parts shortages, the market will not be kind to 2021-2024 vehicles. This is assuming proper builds will be available in 2024.

[AlpsRider]

I searched and found that they made about 85,000 E46 BMWs and they are selling for around $20k at 20 years old. The M2 might well go down that path. It isn't an investment but check out the depreciation on an M4 😱.

[chris719]

Originally Posted by AlpsRider

I searched and found that they made about 85,000 E46 BMWs and they are selling for around $20k at 20 years old. The M2 might well go down that path. It isn't an investment but check out the depreciation on an M4 😱.

Like all other cars, it strongly depends on mileage as well. If you are going to put 100k miles on an M2 it's going to be hit pretty hard even if the model has a gentler depreciation curve.

[JCZ5]

Originally Posted by fridex

So i'm seriously considering trading in my M2C for an M3.
I have the 2019 M2C with 12k miles, manual, exec package, no sunroof.

My logic is i can get +-25k of equity on it and trade into a brand new car that's objectively better. (3 is a bigger number than 2)

SO, I'd be driving a brand new M3 (manual, same as my M2C) with 4 doors and a brand new warranty and maintenance.
And my monthly payment will be slightly less...

Am i missing anything here? It's a no-brainer.
Except, i love my M2...

You don't have to justify it, it's a car, and even more so it's a M car = emotional choice. If you want public validation to do this, I would say go for it. Run don't walk! But as BigKutta stated, looking from a monthly payment perspective is how "they get you".

The most financially prudent decision is for you to keep the M2C and drive it and give it to your grandkids 😉. But we all know you're just itching for the shiny new G80 lol.

I'm at 20K miles for my '21 manual. With all you people selling your M2C with <10K miles, if I were to sell I may have to charge low 50s or high 40s to even move it 😂

[akkando]

Originally Posted by fridex

So i'm seriously considering trading in my M2C for an M3.
I have the 2019 M2C with 12k miles, manual, exec package, no sunroof.

My logic is i can get +-25k of equity on it and trade into a brand new car that's objectively better. (3 is a bigger number than 2)

SO, I'd be driving a brand new M3 (manual, same as my M2C) with 4 doors and a brand new warranty and maintenance.
And my monthly payment will be slightly less...

Am i missing anything here? It's a no-brainer.
Except, i love my M2...

Your monthly payment would be less but you have more months to pay and the car costs more so you're spending money not saving it.

If you just want the fastest car then get the m3c or the xdrive. Probably get a better deal on an m5 and that's faster still and you can't deny that 5 > 3

[chris719]

Originally Posted by akkando

Your monthly payment would be less but you have more months to pay and the car costs more so you're spending money not saving it.

If you just want the fastest car then get the m3c or the xdrive. Probably get a better deal on an m5 and that's faster still and you can't deny that 5 > 3

So many people seem to be ok with a car payment forever and they never think about that back-end cost.

[chris719]

Originally Posted by fridex

So i'm seriously considering trading in my M2C for an M3.
I have the 2019 M2C with 12k miles, manual, exec package, no sunroof.

My logic is i can get +-25k of equity on it and trade into a brand new car that's objectively better. (3 is a bigger number than 2)

SO, I'd be driving a brand new M3 (manual, same as my M2C) with 4 doors and a brand new warranty and maintenance.
And my monthly payment will be slightly less...

Am i missing anything here? It's a no-brainer.
Except, i love my M2...

I think you need to test drive a G80. It’s a better car in many ways, but not all. No shame in going to an M3. Everyone has their sweet-spot.

[akkando]

Originally Posted by chris719

So many people seem to be ok with a car payment forever and they never think about that back-end cost.

To be fair if you're going to pay a car payment every month until the day you die then I guess a lower payment is better. I think a lot of people live like that. They have a monthly budget that goes on indefinitely so lowering just reduces their costs since they will literally never not have a car payment. However the taxes in places that don't give you trade in credit would be brutal.

[BigKutta]

Originally Posted by chris719

So many people seem to be ok with a car payment forever and they never think about that back-end cost.

Originally Posted by akkando

To be fair if you're going to pay a car payment every month until the day you die then I guess a lower payment is better. I think a lot of people live like that. They have a monthly budget that goes on indefinitely so lowering just reduces their costs since they will literally never not have a car payment. However the taxes in places that don't give you trade in credit would be brutal.

Sure, but you are getting so hosed in the process.

[fridex]

Originally Posted by BigKutta

Sure, but you are getting so hosed in the process.

Sure but you get to drive a new car. Obviously the smart thing to do is to hold on to the car until you pay it off and longer but that's not what this forum is all about
We're all car idiots here, not prudent people

[akkando]

Originally Posted by BigKutta

Sure, but you are getting so hosed in the process.

How are you getting hosed to go from 800 a month for the rest of your life to 700 a month for the rest of your life? Besides taxes, registration, and possibly insurance.

[smknjoe]

1. Interest you pay over time.

2. Gains you lose by not investing the payment in appreciating assets.

I think his point is that a paid off car and investing that "payment" is more financially prudent.

We are talking about cars that are definitely not a necessity. Sooooo…maybe we all know that we could be doing better things with our money.

[JCZ5]

Originally Posted by fridex

Sure but you get to drive a new car. Obviously the smart thing to do is to hold on to the car until you pay it off and longer but that's not what this forum is all about
We're all car idiots here, not prudent people

Quote of the day. No need for any further who is right who is wrong. We're all car idiots, just depend on the degree of idiocy.

[buckybadger]

Originally Posted by fridex

So i'm seriously considering trading in my M2C for an M3.
I have the 2019 M2C with 12k miles, manual, exec package, no sunroof.

My logic is i can get +-25k of equity on it and trade into a brand new car that's objectively better. (3 is a bigger number than 2)

SO, I'd be driving a brand new M3 (manual, same as my M2C) with 4 doors and a brand new warranty and maintenance.
And my monthly payment will be slightly less...

Am i missing anything here? It's a no-brainer.
Except, i love my M2...

Don't do it if you don't need a 4 door.
M2C is more fun car but going by your logic it will be better to get the best number right away, or should I say get a M8 so that you don't have to trade each year for the next level up in the lineup.