[BigKutta]

Originally Posted by boss2k

You will not get that trade in value physically at a dealer , trust me because i just traded in my brand new 21 M2C with 2400 miles.

of course, and hence my post to OP. If the fair trade-in is $53k (as was mine), then OP getting an offer from the dealer for $51,XXX sounds about right

[Sublime00]

Originally Posted by JustinHEMI

If a dealer offered me 53K I'd sell it and then buy another one.

So you prob bought the car for $60k+ 5k in tax so $65k.

$65k-$53k = $12k.

You spent $1k a month on the car (I'm assuming no ppf, added mods or options, etc).

Why would you buy another? You're absorbing the first year depreciation hit and getting another m2c?

Unless you tell me you got a great price in your trade when you bought your m2c and saved on taxes, got your m2c for a dirt cheap price, owned it for 2+ yrs, or there's another reason to buy another m2c, I don't get why you'd want to do this. This is a terrible idea.

If anyone bought an M2C, you should prob drive it for a few yrs, then trade in. Or just take the financial hit and trade it in but you are wasting money. If you don't care, then that's cool too.

Just wondering why this is a "good deal"?

[JustinHEMI]

Originally Posted by Sublime00

So you prob bought the car for $60k+ 5k in tax so $65k.

$65k-$53k = $12k.

You spent $1k a month on the car (I'm assuming no ppf, added mods or options, etc).

Why would you buy another? You're absorbing the first year depreciation hit and getting another m2c?

Unless you tell me you got a great price in your trade when you bought your m2c and saved on taxes, got your m2c for a dirt cheap price, owned it for 2+ yrs, or there's another reason to buy another m2c, I don't get why you'd want to do this. This is a terrible idea.

If anyone bought an M2C, you should prob drive it for a few yrs, then trade in. Or just take the financial hit and trade it in but you are wasting money. If you don't care, then that's cool too.

Just wondering why this is a "good deal"?

One, it was a joke. 2, I paid 57k.

[2018F80]

Trade in values seem to be strong for these cars at the moment. I was going to trade in my car for a 2019 911 Carrera T and the dealership offered me $54.5k. To make sure I was getting fair value, I got a cash quote from a local (Seattle area) Autonation dealership and they offered $54k. 2020 M2C 6MT with 3000 miles. Granted it is in perfect condition with $5k of PPF. A friend of mine has access to Manheim auction results and says that 2020's with very low miles are going for mid 50's. Wait until the new units are gone at dealerships and I think values may rise still ? Driver focused cars are in demand. I think the M2C will hold value well over the next several years. Especially manuals. Probably also helps that those that were holding out for the new M3/M4 may now be contemplating an M2C instead. So why didn't I get the 911 ? They were firm on $100k ($106k MSRP) and it had 8,000 miles on it. Surprisingly, it sold last week though. Oh well. Frankly, the M2C is more of a handful to drive = more fun in a lot of ways.

[Sublime00]

Originally Posted by JustinHEMI

One, it was a joke. 2, I paid 57k.

...that makes more sense lol.

[BigKutta]

Originally Posted by Sublime00

So you prob bought the car for $60k+ 5k in tax so $65k.

$65k-$53k = $12k.

You spent $1k a month on the car (I'm assuming no ppf, added mods or options, etc).

Why would you buy another? You're absorbing the first year depreciation hit and getting another m2c?

Unless you tell me you got a great price in your trade when you bought your m2c and saved on taxes, got your m2c for a dirt cheap price, owned it for 2+ yrs, or there's another reason to buy another m2c, I don't get why you'd want to do this. This is a terrible idea.

If anyone bought an M2C, you should prob drive it for a few yrs, then trade in. Or just take the financial hit and trade it in but you are wasting money. If you don't care, then that's cool too.

Just wondering why this is a "good deal"?

Originally Posted by JustinHEMI

One, it was a joke. 2, I paid 57k.

Jokes aside, math is a problem for most Americans. There are many people who will (un)knowingly do this because the monthly payment is the same, or because they got an unexpectedly great trade offer. You have described too many layers of math here... LOL

[JustinHEMI]

For funsies I got a carvana quote.

[MmmmmM2]

Originally Posted by JustinHEMI

For funsies I got a carvana quote.

That's not bad considering I thought Carvana is terrible when it comes to trading in a car. For example, for shits and giggles, I had them price out my 340i ZHP I'm trying to sell and they only offered $31,078. I was like, "Whaaa???"

[JustinHEMI]

Originally Posted by MmmmmM2

That's not bad considering I thought Carvana is terrible when it comes to trading in a car. For example, for shits and giggles, I had them price out my 340i ZHP I'm trying to sell and they only offered $31,078. I was like, "Whaaa???"

Yeah I was surprised. I never dealt with them so don't know how real the quote is. Like they get it, then start subtracting money for every nit pick? Don't know.

[2018F80]

My friend just sent me the most recent auction results for 2020 M2C. $55-58k. See attached. Anyone taking $51k on trade is not doing very well at all unless you have some miles accumulated on it.

[boss2k]

Originally Posted by 2018F80

My friend just sent me the most recent auction results for 2020 M2C. $55-58k. See attached. Anyone taking $51k on trade is not doing very well at all unless you have some miles accumulated on it.

BS these are all on paper, try trading in one and see what you get. Who will pay 55-58K for a 2 yrs old car when they can buy brand new for 57-58K with discount?

[2018F80]

Originally Posted by boss2k

BS these are all on paper, try trading in one and see what you get. Who will pay 55-58K for a 2 yrs old car when they can buy brand new for 57-58K with discount?

I am just presenting the facts as I know them. I did get 2 trade in offers (read my earlier post). They were for $54k and $54.5K. That was about 2-3 weeks ago. If you look at the actual auction sales transactions from last week (picture attached above), they are showing about $55k and as much as $58k. Is it possible that you took an offer that was lower than market trade-in value for your car? Either way, value retention for these cars are impressive !

[Sarg33]

Once again all about the region where you are. Different regions of the US offer different pricing whether buying or selling.

[Jimmycrack]

I traded my 2020 M2C with 19k miles, fair condition, for $49.5k. Another dealer quoted me the same. I did not really attempt to negotiate so I'm sure better deals can be had. Out of curiosity, I looked into Carvana-- offer of $42k. I'm in the mid-Atlantic region.

[mrussell]

I feel pretty good about my 2019 M2C after reading this thread though I plan on keeping it a long time. My original loan was 5 years and it was for $25,000 thinking that I was financing the depreciation of $5,000 per year. From what I have seen so far, I think I am going to be in good shape for getting back what I put down on it if I ever want to sell.

[cptobvious]

Boy do I feel like a dummy. I traded in my M2C back in September for $41.5k, with 29k miles on the odometer. Thought I was getting a good deal. Given the constrained supply of used cars at the time, I got $500 above the top end of the TrueCar trade-in value estimate.

It's 6 months later, and TrueCar now gives a trade-in value of $40.4k, for 35k miles on the odometer! I could have kept the car another 6 months, enjoyed it for another 6 months, and effectively gotten the same $$$ for it! Dammit!

Though, what I think this points out is that here in the U.S., a convergence of factors has resulted in a long-lasting supply shortage that has caused used car prices to rise to unprecedented levels.

1. The pandemic caused significant production delays
2. Chip shortages (also due to the pandemic) have resulted in lower production
3. Lots of fiscal stimulus has put cash into people's hands, while "lock-downs" have prevented spending on services (vacations, dining, etc.), leaving folks with lots of money to spend on durable goods

A buddy of mine recently bought a Hyundai Santa Fe, drove it a few thousand miles, and then a dealership contacted him wanting to buy the SUV. He ended up with $500 more than he'd originally paid for it!!!

But, ultimately, I would imagine, once supply is less constrained and expands again to catch up with demand, we should expect used car price levels to lower back to historical norms. In other words, the very low depreciation rates we're seeing now may be an artifact of the extraordinary circumstance we find ourselves in currently, and not something that will continue indefinitely into the future.

[Nettles]

Originally Posted by boss2k

BS these are all on paper, try trading in one and see what you get. Who will pay 55-58K for a 2 yrs old car when they can buy brand new for 57-58K with discount?

Voice of reason finally in this thread. I don’t understand how they are selling used for these prices. If everyone is getting low trade ins of $50k then the markup from the dealer is exactly like you said $55k-$58k, which is literally all accurate.

The market for this car has been wrong for a long time now, but I will say once production ends it’ll be interesting to see where it goes. Once more inventory, higher mileage, and out of warranty options come available the prices should be much more reasonable.

FYI I want every m2 owner to get the most value from their car don’t think I’m hating. From a simple economics standpoint the pricing is off and I know others agree.

[akkando]

Originally Posted by Nettles

Voice of reason finally in this thread. I don’t understand how they are selling used for these prices. If everyone is getting low trade ins of $50k then the markup from the dealer is exactly like you said $55k-$58k, which is literally all accurate.

The market for this car has been wrong for a long time now, but I will say once production ends it’ll be interesting to see where it goes. Once more inventory, higher mileage, and out of warranty options come available the prices should be much more reasonable.

FYI I want every m2 owner to get the most value from their car don’t think I’m hating. From a simple economics standpoint the pricing is off and I know others agree.

I tried to buy one of these used cars last week and offering less than they were asking. They were not interested and could do nothing for me other than a couple hundred bucks off. Called back yesterday and car was sold. It was there about a week.

[02M3ForMe]

I got $55k at the dealer for my 2020 M2C DCT with 8k miles (bought 8/2019, sold 1/2020). Carvana just offered me $54.5k for my 2021 M2C 6MT with similar miles.

Wholesale is high because these cars are quick and easy flips for retailers. Selling to the dealer for under MMR/recent sales means you sold under a fair trade-in price.

Don't believe dealers that try to sell you the normal new car depreciation story. The M2C market is very different.

[silvercas]

Originally Posted by 2018F80

My friend just sent me the most recent auction results for 2020 M2C. $55-58k. See attached. Anyone taking $51k on trade is not doing very well at all unless you have some miles accumulated on it.

Originally Posted by 2018F80

My friend just sent me the most recent auction results for 2020 M2C. $55-58k. See attached. Anyone taking $51k on trade is not doing very well at all unless you have some miles accumulated on it.

Is there a way to see vins from these sales?

[boss2k]

Originally Posted by 02M3ForMe

I got $55k at the dealer for my 2020 M2C DCT with 8k miles (bought 8/2019, sold 1/2020). Carvana just offered me $54.5k for my 2021 M2C 6MT with similar miles.

Wholesale is high because these cars are quick and easy flips for retailers. Selling to the dealer for under MMR/recent sales means you sold under a fair trade-in price.

Don't believe dealers that try to sell you the normal new car depreciation story. The M2C market is very different.

So you guys are telling me dealer will buy 2020 M2C in mid 50s and make 2-3 grand profit and they retail for 57-58k when you can order a brand new car exact to your specs and buy it for 56-57k with discount. Which fool will buy an used car at new car price? market for used car is very hot and unreal i understand but these prices are not possible

[akkando]

Originally Posted by boss2k

So you guys are telling me dealer will buy 2020 M2C in mid 50s and make 2-3 grand profit and they retail for 57-58k when you can order a brand new car exact to your specs and buy it for 56-57k with discount. Which fool will buy an used car at new car price? market for used car is very hot and unreal i understand but these prices are not possible

Can't tune a new M2C.