04-14-2017, 02:16 PM | #1 |
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M2 vs M3/M4 retaining resale value?
I am wondering if the M2 will retain their value better since they seem to be made in lesser numbers. It will not hold 1M value for obvious reasons but against the M3/M4 is a intriguing argument
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04-14-2017, 02:30 PM | #4 |
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04-14-2017, 04:09 PM | #6 |
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Yes, at this time they will retain their value better than an M3/M4. Simple case of supply and demand. There is a reason M2s sell at MSRP (or sometimes above) while M3/M4s are available at a discount.
What happens in the future is of course up in the air. But it does not look like supply will ramp up significantly. If anything, it will be getting split into a M2 and M2 CS in MY2019... but likely not getting any more line time at Liepzig. Some have said the regular M2 will stop production when the CS arrives. I think that is crazy talk, but if that happens it will hold its value very strongly or even appreciate slightly. It will have a ceiling somewhere below the CS value. But it is an awesome car - every bit as good as the 1M - so will always have a strong demand. |
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04-14-2017, 05:51 PM | #7 |
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2015 M3s are taking a hit because there have been 2 LCIs and a ZCP. No one knows for sure how the M2 range will turn out over the next few years.
I'm sure some frugal 16/17 M2 owners are hoping it gets discontinued. |
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04-14-2017, 06:22 PM | #8 |
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Initially I thought the M2 was better but I think that was only at first.
Now I think the M3 has the highest resale of them all. I just sold my M3 lease and made a little money. There's an M2 for sale nearby 17' and hasn't sold.. I think we would sell it cheap 50 maybe.
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04-14-2017, 07:08 PM | #9 | |
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04-14-2017, 07:23 PM | #10 |
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In my area M4s are plummeting. M2 seems to have much milder depreciation. Here, M4s are roughly 100k new. One year old and less than 8,000km are seeing 25K of depreciation.
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04-14-2017, 08:01 PM | #11 | |
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BMW is making way too many of them. In Los Angeles, each dealer have lots of M4/3. Last edited by VR-Tech; 04-14-2017 at 10:59 PM.. |
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04-14-2017, 11:02 PM | #13 | |
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Yup, that's why my M4 was the Yas Marina Blue. If I were to get another, Mineral Grey, Orange or Yellow. I would stay away from white or black, although Mineral White is quite a nice color with Red interiors |
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04-15-2017, 09:20 PM | #14 |
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I checked the value of my M2 last week when the CS/GTS news hit. Retail value average was $54k. I ckecked KBB & Black Book. BTW it's a 2016 white, executive package, 6-sp with 7500 miles.
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04-15-2017, 09:49 PM | #16 | |
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04-15-2017, 10:27 PM | #17 |
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04-15-2017, 10:29 PM | #18 | |
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I just found the email. At 5,000 miles, my four month old M2 trade in value was $40,000 from the dealer I purchased it from no less so I kept it. I'm hoping the depreciation slows down so I can trade it for a '18 manual or the CS.
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04-15-2017, 10:45 PM | #19 |
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After 5k miles you have to sell as private seller to not loose your skin. If the car was the same year and under 5k it would be considered new. Mine is 17' with low miles, so thats why I was offered more. The 235I used are just a little below 40k, they were ripping you off. If you put your M2 for 50-52k, it will sell quite easily. If you put it on Car Guru, you may even have out of state buyers
Last edited by VR-Tech; 04-16-2017 at 06:49 PM.. |
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04-16-2017, 02:21 AM | #20 |
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I wouldn't expect any of that to last. The real or perceived rarity of the M2 will not last. When it becomes easy to buy one at MSRP with minimal waiting, the used prices will drop to a more normal range.
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04-16-2017, 02:22 AM | #21 | |
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04-16-2017, 05:18 AM | #22 |
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Trade in values are not really indicative of resale value because of course those are wholesale values from which the dealer will mark up to retail. Just about any new car (rare exceptions) will take a huge depreciation in the first year and then the depreciation will level off a bit in years two and three. We really won't know anything but a wild guess as to how the cars will depreciate for some time now. Clearly BMW has covered their bets with the M2 residuals, we are seeing more and more car companies doing so because the market is being flooded with lease return cars so many manufactures lending arms are providing earnings warnings based on that fact. This is likely to have an impact on car values in general as new car sales prices are already down 7% this year. I assume I am going to take a bath on any new car I am going to buy and plan accordingly, if I happen to do ok on depreciation that is a bonus. Of course the best way to protect yourself from depreciation risk is to buy a 2-3 year old car or lease, both of which come with their own challenges.
My guess is the M2 will depreciate at about the rate of the M3 but I am in for the long haul so it doesn't matter much to me. Of course I would love a 1M story to tell in 4-5 years but I doubt that will happen. |
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