[///MPIRE]

Hey guys I'm new to the forums and am considering a 2016 CPO exec M2 going for around 44k with 27k + miles on it. I am really interested in the car but feel that I can get the M2 at a better price given its age. Does anyone have a good idea if this is a good deal for the car or how to negotiate a better price? Any help is appreciated.

[trey100]

Originally Posted by 210_Bimmer

Hey guys I'm new to the forums and am considering a 2016 CPO exec M2 going for around 44k with 27k + miles on it. I am really interested in the car but feel that I can get the M2 at a better price given its age. Does anyone have a good idea if this is a good deal for the car or how to negotiate a better price? Any help is appreciated.

Considering it's CPO that's what they are going for right now. Maybe you can get them down another couple of k.

[TheAMackAttack]

If you want to go Certified Pre-Owned, that will likely be the bottom end of the price range. I think you can get CPO 2016's with less miles for $1-3k more. If you're willing to go private party, you'll be able to find a lower mileage example for $40-43k-ish. I've been told that if a private party seller has their financing through BMW financial, there is an easy way to transfer the financing to a new buyer. I was unaware of this when i bought my car CPO, which would have made a private party transaction much more appealing to me.

Certified Pre-Owned is definitely a "safe" way to get into the used BMW market. You'll get the factory warranty kicked out another year so you'll have it under warranty for quite some time. In theory, it should have been thoroughly inspected as well. You do pay a premium for the CPO though that will likely not justify the value you get out of it. It's more of a piece of mind / information shortcut type of thing. My experience (and what I had heard from others) is that the dealers have pretty low margin on CPO cars so the price you pay is very close to what they have it listed at.

[dubzz24]

Not sure how it is down there, but most dealers in Canada don't include "CPO" certifying on their used cars anymore. The speech I've gotten from multiple dealers is that they leave it up to the customer to decide if they want the extra warranty instead of just adding the cost and making people pay for it. They also said that all their used cars go through the inspection process regardless, so it's really all about the warranty.

Personally, I love the car but I like the M2C even more and will probably trade mine in on one in 2-3 years when my warranty is running out. Dealers don't seem to give a premium for extended warranties on trade-ins so I passed on the CPO. It would have been $1300 to add an additional year, which isn't unreasonable. Also would have cost around $6k (Canadian) to have a 7 year unlimited mileage bumper-to-bumper, which I think is pretty reasonable too for the type of car.

How long are you planning on keeping the car? Do you want the extended warranty? Also keep in mind these cars have shown to be very reliable so far.

[LuvMyE92]

OP, you would help yourself if you listed your location in you profile. "USA" doesn't tell us much - prices vary between regions.

[TemjinX2]

i'm in the same boat as you...but i would wait for a few more months when you see 2016 m2's coming off of lease so it should drive down the prices more.

[c0nrad]

Originally Posted by TemjinX2

i'm in the same boat as you...but i would wait for a few more months when you see 2016 m2's coming off of lease so it should drive down the prices more.

unfortunately it's not really a good car to lease so i haven't seen many cars available. there's actually only 1 CPO car listed on BMWs website in the entire country.

[CTSean]

Also new - been sort of in the market for an M2 for a couple months.

@op - any chance you mean that white M2 in TX? Looks like, of the 17 CPO M2s on BMWs site, that's the cheapest one available. Price isn't bad but might be worth looking at the couple a little more expensive with much less miles (there's currently 2 for 46K with only 12k miles each)

[TemjinX2]

Originally Posted by KLNLQIm

unfortunately it's not really a good car to lease so i haven't seen many cars available. there's actually only 1 CPO car listed on BMWs website in the entire country.

if you look at past posts...most people didn't start getting there 2016 M2's until march-april of 2016. So you'll probably have to wait till probably april-may of 2019 before you'll start seeing off lease M2's.

The ones your probably seeing now are probably trade ins from people who purchased the car.

There was a huge price drop on M4's once the original 2015 M4s came off lease around mid part of this year.


I would wait if i were you.

[c0nrad]

Originally Posted by TemjinX2

if you look at past posts...most people didn't start getting there 2016 M2's until march-april of 2016. So you'll probably have to wait till probably april-may of 2019 before you'll start seeing off lease M2's.

The ones your probably seeing now are probably trade ins from people who purchased the car.

There was a huge price drop on M4's once the original 2015 M4s came off lease around mid part of this year.


I would wait if i were you.

But those M3/4s were running a 61% residual which makes leasing attractive. M2 has always had 50% (or less?) and no incentives.

My lease is up in April so I'm not in a rush but I can't imagine there are too many active M2 leases.

[pruettfan]

Originally Posted by TemjinX2

i'm in the same boat as you...but i would wait for a few more months when you see 2016 m2's coming off of lease so it should drive down the prices more.

The lease terms for the M2 were so bad that very few were leased so there will not be a glut of lease returns like we see with other BMW models.

[TemjinX2]

Originally Posted by pruettfan

The lease terms for the M2 were so bad that very few were leased so there will not be a glut of lease returns like we see with other BMW models.

well i'm hoping your wrong lol..i'm not in a huge rush.

Originally i wanted a m2c, but i think as a purchase the N55 motor might be better since the parts will probably be cheaper and i like the fact it uses a air to air intercooler versus air to water.

[TemjinX2]

Originally Posted by KLNLQIm

But those M3/4s were running a 61% residual which makes leasing attractive. M2 has always had 50% (or less?) and no incentives.

My lease is up in April so I'm not in a rush but I can't imagine there are too many active M2 leases.

but you also have to look at the total cost of the lease as well.

At least based on the forum feedback...seems like a lot of people who got the M2 are able to afford a M4 but chose the M2 because they like the size and driving dynamics better.

39% of a 80k M3/M4 is around 31k total cost on the lease over 3yrs

50% of a 60k car is 30k in total cost on a lease on a M2 over 3yrs.

So if you can afford to lease a M3/M4, you can afford to lease a M2 even with the worst residuals.

If your looking at just monthly payment it made more sense to finance versus lease the M2, but some people don't to want pay 60k over 72 months and most people in this class are not going to waste 60k cash on a car.

Others are leasing as a business expensive so monthly payment on a lease versus monthly payment finance doesnt matter.

So i'm still pretty confident there will be a good amount of M2 lease returns.

[DanG]

Originally Posted by TemjinX2

but you also have to look at the total cost of the lease as well.

At least based on the forum feedback...seems like a lot of people who got the M2 are able to afford a M4 but chose the M2 because they like the size and driving dynamics better.

39% of a 80k M3/M4 is around 31k total cost on the lease over 3yrs

50% of a 60k car is 30k in total cost on a lease on a M2 over 3yrs.

So if you can afford to lease a M3/M4, you can afford to lease a M2 even with the worst residuals.

If your looking at just monthly payment it made more sense to finance versus lease the M2, but some people don't to want pay 60k over 72 months and most people in this class are not going to waste 60k cash on a car.

Others are leasing as a business expensive so monthly payment on a lease versus monthly payment finance doesnt matter.

So i'm still pretty confident there will be a good amount of M2 lease returns.

I don’t know about your logic. I paid cash for my M2.

[amancuso]

Originally Posted by DanG

I don’t know about your logic. I paid cash for my M2.

His logic is for those who don't have the ability or want to pay cash for the car.

[DanG]

Originally Posted by amancuso

His logic is for those who don't have the ability or want to pay cash for the car.

He talked about wasting money on paying cash for an M2. That is the logic I was disputing. I plan on keeping this car for 7 to 10 years. Buying it is the most cost effective method of owning the car over that time period.

[trey100]

Originally Posted by TemjinX2

but you also have to look at the total cost of the lease as well.

At least based on the forum feedback...seems like a lot of people who got the M2 are able to afford a M4 but chose the M2 because they like the size and driving dynamics better.

39% of a 80k M3/M4 is around 31k total cost on the lease over 3yrs

50% of a 60k car is 30k in total cost on a lease on a M2 over 3yrs.

So if you can afford to lease a M3/M4, you can afford to lease a M2 even with the worst residuals.

If your looking at just monthly payment it made more sense to finance versus lease the M2, but some people don't to want pay 60k over 72 months and most people in this class are not going to waste 60k cash on a car.

Others are leasing as a business expensive so monthly payment on a lease versus monthly payment finance doesnt matter.

So i'm still pretty confident there will be a good amount of M2 lease returns.

Not so sure that logic works. Ok my M3, between incentives, fleet discounts, UDE, and negotiating just above invoice, my M3 was about 7k below MSRP. So in the case of my $72k example and 60% residual, the $28k of depreciation was actually $21k. With the M2 no one was getting $7k off. Also if I recall money factors also were worse. An M2 lease would have been much worse than an M3 lease that was negotiated well.

[doug_999]

Lots of threads showing that buying a M2 was cheaper than leasing so I agree with those above, you just won't see that many off lease M2s and even if you do, the owners would be better off buying their cars out at lease end and flipping for a nice profit.

[akkando]

Originally Posted by TemjinX2

but you also have to look at the total cost of the lease as well.

At least based on the forum feedback...seems like a lot of people who got the M2 are able to afford a M4 but chose the M2 because they like the size and driving dynamics better.

39% of a 80k M3/M4 is around 31k total cost on the lease over 3yrs

50% of a 60k car is 30k in total cost on a lease on a M2 over 3yrs.

So if you can afford to lease a M3/M4, you can afford to lease a M2 even with the worst residuals.

If your looking at just monthly payment it made more sense to finance versus lease the M2, but some people don't to want pay 60k over 72 months and most people in this class are not going to waste 60k cash on a car. You're confident there will be a good amount of lease returns, but why? It's clear from all the threads here about it leasing was not a popular option from this sample of people. What has indicated to you there are a good amount of lease returns coming?

Leasers were getting m3s and m4s instead because it appeared to be more car for same or less money.

Others are leasing as a business expensive so monthly payment on a lease versus monthly payment finance doesnt matter.

So i'm still pretty confident there will be a good amount of M2 lease returns.

There are very few leased M2s, or the folks who leased all decided not to post here. There has been no indication many have leased the M2.

[farcus]

I'm in a similar situation except I looking for a 2018 CPO.

[David1]

Originally Posted by farcus

I'm in a similar situation except I looking for a 2018 CPO.

I must have one of the lowest miles 2017 around that is always for sale. Leasing was not even an option it was so bad. The rates to purchase in 16/17 were decent compared to now.

[TemjinX2]

Originally Posted by DanG

He talked about wasting money on paying cash for an M2. That is the logic I was disputing. I plan on keeping this car for 7 to 10 years. Buying it is the most cost effective method of owning the car over that time period.

most people won't waste 60k in cash on a depreciating asset..thats my logic, especially when interest rates are still relatively low for top tier credit.