01-07-2019, 08:04 PM | #1 |
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Thinking about going from M3 to M2 Competition
My M3 lease is expiring soon. I really want the new M3 but it won't be out for another year or two.
Thinking about getting an M2 Competition to fill the void between now and then. Did anyone else go from an M3 to M2? Any insight? To be honest, I never really considered such a move until I brought my car into the shop for some work. They gave me a 230xi convertible as a loaner car. I still can't believe how much I liked it, so now I am thinking about the M2 Competition.
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2019 540i | Black Sapphire | Black Dakota Leather with Blue Stitching | M Sport Package | Executive Tier | Driver Assistance | Parking Assistance | HK | M Sport Brakes | Leather Dashboard
2016 M3 | YMB | Black Extended Merino | CF Roof | CF Trim | DCT | Adaptive | Executive |
01-07-2019, 10:07 PM | #3 | |
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Someone had asked me this question earlier today in another thread here: https://f87.bimmerpost.com/forums/sh...505539&page=15
Quoted below: Quote:
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01-08-2019, 05:45 AM | #4 |
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Thanks. That is a lot of good information. I really appreciate you taking the time and energy to post that.
I just saw that residuals for an M2C are 48% for 10K miles. Shocking! I can't believe that. I didn't want a 5 but after crunching the numbers, I basically could get a much better deal on a nicely loaded 540. I'm not buying. I'm leasing. Last time I paid cash for a car, I sold $30k worth of stock to do so. Several years later that stock would have been worth $120k had I held onto it. Never making that mistake again. Makes zero sense to lease an M2C. The numbers are terrible. Too bad, because I was quite enthusiastic about doing so.
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2019 540i | Black Sapphire | Black Dakota Leather with Blue Stitching | M Sport Package | Executive Tier | Driver Assistance | Parking Assistance | HK | M Sport Brakes | Leather Dashboard
2016 M3 | YMB | Black Extended Merino | CF Roof | CF Trim | DCT | Adaptive | Executive |
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01-08-2019, 07:22 AM | #5 |
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I went from an M6GC to an M2C(6MT), so a real leap...
Best choice I made in years both drive and enjoyment wise and the numbers worked out well too. UK M2C residuals are around 50% but after 4 years / 32kmiles not 10K! My M6 was a bargain lease deal, but the M2C is a financed purchase. No UK cheap lease deals on 6MT M2C only DCT.... I looked at a 540i too, a bit more money than the M2C here but I just couldn't face time in a wafty luxo-barge. |
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01-08-2019, 08:52 AM | #6 |
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All valid points above. I will say that the Dakota leather feels a bit softer and better than Dakota leather I had in previous BMW’s including my current daily e90 335D. But it’s not as smooth or soft as merino or Novillo. M2C doesn’t have blind spot monitoring and the overall interior materials quality is a notch below the m4 which is already a notch below the Audi and MBZ. Dakota leather is FAR more durable though. My e92 m3 fox red novillo bolster looked very worn by 30k miles. The m2C feels more agile and direct than the m3/m4 and feels significantly smaller on the road. The carbon fiber roof is missing and the other big gripe is the lack of color options inside and out.
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01-08-2019, 09:22 AM | #9 | |
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Quote:
- Risk is offloaded onto BMW if you intend to keep the car. - A write off when you have your own business. Here's how buying a M2C makes sense: - You can't use any of the lease as a write off - You aren't comfortable with a monthly payment and want to part with your money immediately. If you're looking to just try a car out for 3 years and return it, the residuals are pretty bad and yeah this car is not as nice of a deal. Your statement about stocks is a neat anecdote. If you can turn 30k into 120k af any point, mind being my advisor? I'll pay you a nice commission if you can get me 400% returns . Life isn't always about making profit on everything, especially cars. If you go into the mindset of "I could invest this money and make more money instead" with EVERYTHING, well shit man, idk why you're leasing at all and not just driving a 2k Honda Civic. I personally decided to lease to offload the risk and use my money to invest instead of buying outright even though I have enough money in the bank/investments to buy the car outright. The way things are going, I'll buy the car at the end of the lease as I'm really enjoying it, but if I don't or if I crash it, then that's BMWs problem. Either way I get my business write off. Food for thought |
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