[FCS247]

Hi All!

Just found this forum yesterday, loads of great info!

I am currently in the market for purchasing a Used 2019 or 2020 M2Comp with probably a max of 15-20k miles.

I have seen a few with lower mileage, but I cannot gauge if they are currently overpriced. I know the used car market is pretty high right now in general due to the shortage in new vehicles, but the ones I have seen are around $57k-$59k with around 7k-12k miles.

Is it best to hold off until prices come back down or are these priced where they should be?

My plan with this car is to drive it for 2-3 years and see what happens with the G80 M3s (if they get a facelift with an LCI). Or... see what happens with the next gen M2s.

Thank you all in advance!

[GregInNewMexico]

Those prices are crazy considering the amount of miles. I bought mine new (MY2021)just to ensure I knew the car wasn't driven hard, seems like that was the right way to go.

[FCS247]

Originally Posted by GregInNewMexico

Those prices are crazy considering the amount of miles. I bought mine new (MY2021)just to ensure I knew the car wasn't driven hard, seems like that was the right way to go.

Yep, just noticed someone is in the same boat and posted a similar thread. I would delete this one but don't know how

[MrOhnoez]

I'm happy Im able to trade mine in for the same if not more than what I paid for it new 2 years ago.
I expect a minor drop, but an ending production that was also cut short by the virus I cant expect them to drop dramatically until warranty starts to end

[FCS247]

Originally Posted by MrOhnoez

I'm happy Im able to trade mine in for the same if not more than what I paid for it new 2 years ago.
I expect a minor drop, but an ending production that was also cut short by the virus I cant expect them to drop dramatically until warranty starts to end

Yeah, very rare when you can purchase a car, drive it for a year or two and walk away ahead or even breaking even.

If my plan was to keep it forever, then I would pull the trigger on one of the used ones, but the discount just isn't there. On the contrary, the one for $58k seems like its the best option.

9k miles, 2020.

[akkando]

Who can say? Anything could happen, but it seems likely prices will come down as inventory for cars in generally gets better, warranty is reduced, and people start moving to the new m3 m4 and start thinking about the next gen m2 in 2023. So I guess ask yourself if it's worth it to wait a year or more to pay less for a car with less warranty?

Seems overpriced now, but everything is. Buying new if they can probably make more sense for most people but not a lot of new inventory.

[leopard print]

Used car prices are insane. I’m selling my 2 year old Tacoma with 17k miles today for more than I paid. Picked up a 2019 M2 comp with 1360 miles yesterday for $54k from a fellow member. I feel like I lucked out.

[JEM3]

In the same boat as OP.

I think you either have to buy new (if you can find an allocation) or wait until this bubble pops and buy next year.

I actually can't see some of these M2s selling at the prices they are at. Surely dealerships will discount them as time goes on. If financing, I can't see why someone would purchase a 2020 or 2019 at the current prices. I got a quote today for a 2020 Sunset Orange with 27,000 miles for $54k, ridiculous haha.

[popcornten]

Find and buy a new one. With the .9% financing BMW is offering if you’re are using financing the gap is ever closer to just buy new.

[MooMooM2]

I agree, prices are definitely pretty high but I just bought one. BSM, 6 speed, Exec Package for 55k with 10800 miles. They were asking 58k and took 55k so I went for it. Reasons for not buying new were simply, did not want to figure out allocation and having to travel to get it when it arrives, wanting the car for the summer (maybe last work from home summer so I want to enjoy it) and new after all said and done is probably about 63k so that is still 8k less, not a lot for some but to me its a substantial amount. That said I think its absolutely ridiculous how high the used car market is and I would have not paid a dollar less over 55k. Its funny I looked at the same exact car about 6 months ago and was about 50k.

[JEM3]

Originally Posted by r3awak3n

I agree, prices are definitely pretty high but I just bought one. BSM, 6 speed, Exec Package for 55k with 10800 miles. They were asking 58k and took 55k so I went for it. Reasons for not buying new were simply, did not want to figure out allocation and having to travel to get it when it arrives, wanting the car for the summer (maybe last work from home summer so I want to enjoy it) and new after all said and done is probably about 63k so that is still 8k less, not a lot for some but to me its a substantial amount. That said I think its absolutely ridiculous how high the used car market is and I would have not paid a dollar less over 55k. Its funny I looked at the same exact car about 6 months ago and was about 50k.

I've been back and forth about buying a few that I have found at $58k.

I guess the question is, how bad of a hit do we take if we buy it during this market?

Or are we looking at this being the norm for the next few years?

[rcouchh]

Prices are normal. Have been that price 3-6 months ago and will remain at that. I bought my 2019 with 7k miles for $57k. I could have ordered a new one for MSRP, but didn't want to wait months to get the car.

Most dealers will charge you 62-65k for a brand new one on the lot. After tax and fees thats still $70k vs $60k. You're only going to find new M2C's at MSRP if you order and wait for production.

[chris719]

The prices will drop, especially when the new M2 comes out if you can wait that long. Otherwise, you might want to buy new.

[M2COMP]

Sold mine for $10k less than what I purchased for after 2 yrs and 25k miles ago. However had nearly 6k worth add ons. But I'm still satisfied with my sale. I couldn't get a better price, I think the bubble is going to last for another couple months.

[MooMooM2]

Originally Posted by JEM3

I've been back and forth about buying a few that I have found at $58k.

I guess the question is, how bad of a hit do we take if we buy it during this market?

Or are we looking at this being the norm for the next few years?

I think prices are up about 6-10k right now and they are selling. When I was looking I messaged a bunch of dealers that have em priced 57-59k and they would not budge. They all told me this is a popular car yada yada yada. I considered buying it at that price but I just could not buy a used car at almost new car price (well technically new, in white without exec package is like 58500 so I just could not do it), at 55k I bit because I think it was a decent deal on a low miles clean car (I did just find a little dent I need to get pulled but apart from that its pretty damn clean). I also think if this car was Hockenheim silver it woulda sold at full price (they had it for 58k), black is the least popular color but luckily it is one of my top colors, or top color but I understand its a pain in the ass to clean.

Originally Posted by rcouchh

Prices are normal. Have been that price 3-6 months ago and will remain at that. I bought my 2019 with 7k miles for $57k. I could have ordered a new one for MSRP, but didn't want to wait months to get the car.

Most dealers will charge you 62-65k for a brand new one on the lot. After tax and fees thats still $70k vs $60k. You're only going to find new M2C's at MSRP if you order and wait for production.

exactly, buying new is technically a better deal because you do get a bit more warranty (2 more years if a 2020, a bit less if 2019) but you are still paying 8-10k more which could buy you extended warranty for longer or some upgrades or something else. And you get to drive the car right away, ordering now you going to get the mid mid summer or later and have a few good months before it snows here lol

Originally Posted by chris719

The prices will drop, especially when the new M2 comes out if you can wait that long. Otherwise, you might want to buy new.

well it will depend on how good the new M2 is

[CSBM5]

I bought a 2019 M2C new in Sept 2018 when allocations were fought over. MSRP was ~61,600 (LBB, 6MT, Exec pkg), and I accidentally received a 1.8% discount. I responded to a dealer website on a Sunday for a quote, and the reply came back with the discount. Our 3rd allocation spot still looked to be about 4-5 months away, so I bought the car out of state.

That was 2.5 years ago, and yes the car has depreciated very little since then (has 12k miles now). One reason 2019s might be well bid is that people who want to tune the car desire them since they are not locked down (but I'm guessing that's a minor if even measurable aspect of used prices).

We are a few weeks from the end of production of the M2C. I don't see that fact doing anything but perhaps increasing the used market demand in the months ahead.

As an aside: We put down a deposit for an allocation in March 2018 and received the 3rd spot. When our dealer on got one in the first round, it appeared it could be as long as 6-8 months before we'd receive our build spot. I looked at a 2017 M3 ZCP 6MT with CPO and about 20k miles our dealer had, and we thought about buying that car for 6-9 months and delaying our allocation to a 2020 M2C. They were asking $58k initially, and as the summer of 2018 passed, it was slowly lowered to $53,900 before it finally sold (for that price or less, dunno). That was 2.5 years ago. Today that same F80 M3 would be priced about the same. The used market for 2017-2018 F80 ZCPs irregularly bottomed over the past 18 months (so far).

In the past month I've seen fresh listings from many dealers of 2018 F80s now in the $60k bracket as common whereas just 2-3 months ago they would come on the market in the upper 50s. The used market for F80/82/87 cars has been on fire recently.

However, at the same time the purchasing power of the dollar is falling rapidly especially in some areas as inflation is soaring (try pricing the quantity of lumber you need to build a 2500 sq ft house...it's up about 4x the median value of the past 10 years and still rising sharply, i.e. adding many multiples of $10k to the cost). Hence if we are about to endure a huge inflationary period that is desired by some in power, everyone will have to adapt to their view of "value" about everything.

Recall back in the late 1970s inflation was huge (dollar purchasing power collapsing) such that from 1975 to 1980 the MSRP for a new E12 5-series (same car essentially with very little changed) more than doubled from about $10k to $20k. Those values sound quaint here in 2021, but $10k had a LOT of purchasing power in 1975 and a heck of a lot less just five years later.

[JEM3]

Originally Posted by CSBM5

I bought a 2019 M2C new in Sept 2018 when allocations were fought over. MSRP was ~61,600 (LBB, 6MT, Exec pkg), and I accidentally received a 1.8% discount. I responded to a dealer website on a Sunday for a quote, and the reply came back with the discount. Our 3rd allocation spot still looked to be about 4-5 months away, so I bought the car out of state.

That was 2.5 years ago, and yes the car has depreciated very little since then (has 12k miles now). One reason 2019s might be well bid is that people who want to tune the car desire them since they are not locked down (but I'm guessing that's a minor if even measurable aspect of used prices).

We are a few weeks from the end of production of the M2C. I don't see that fact doing anything but perhaps increasing the used market demand in the months ahead.

As an aside: We put down a deposit for an allocation in March 2018 and received the 3rd spot. When our dealer on got one in the first round, it appeared it could be as long as 6-8 months before we'd receive our build spot. I looked at a 2017 M3 ZCP 6MT with CPO and about 20k miles our dealer had, and we thought about buying that car for 6-9 months and delaying our allocation to a 2020 M2C. They were asking $58k initially, and as the summer of 2018 passed, it was slowly lowered to $53,900 before it finally sold (for that price or less, dunno). That was 2.5 years ago. Today that same F80 M3 would be priced about the same. The used market for 2017-2018 F80 ZCPs irregularly bottomed over the past 18 months (so far).

In the past month I've seen fresh listings from many dealers of 2018 F80s now in the $60k bracket as common whereas just 2-3 months ago they would come on the market in the upper 50s. The used market for F80/82/87 cars has been on fire recently.

However, at the same time the purchasing power of the dollar is falling rapidly especially in some areas as inflation is soaring (try pricing the quantity of lumber you need to build a 2500 sq ft house...it's up about 4x the median value of the past 10 years and still rising sharply, i.e. adding many multiples of $10k to the cost). Hence if we are about to endure a huge inflationary period that is desired by some in power, everyone will have to adapt to their view of "value" about everything.

Recall back in the late 1970s inflation was huge (dollar purchasing power collapsing) such that from 1975 to 1980 the MSRP for a new E12 5-series (same car essentially with very little changed) more than doubled from about $10k to $20k. Those values sound quaint here in 2021, but $10k had a LOT of purchasing power in 1975 and a heck of a lot less just five years later.

Very well put.

I mean I'm getting offers for $15k on my E46 M3. It was valued at $5k just a few months ago.

[akkando]

Originally Posted by leopard print

Used car prices are insane. I'm selling my 2 year old Tacoma with 17k miles today for more than I paid. Picked up a 2019 M2 comp with 1360 miles yesterday for $54k from a fellow member. I feel like I lucked out.

Yeah you did. That m2 was priced to sell but just sat in the forum forever. Had I wanted one with those specs I would have paid asking immediately.

[akkando]

Originally Posted by rcouchh

Prices are normal. Have been that price 3-6 months ago and will remain at that. I bought my 2019 with 7k miles for $57k. I could have ordered a new one for MSRP, but didn't want to wait months to get the car.

Most dealers will charge you 62-65k for a brand new one on the lot. After tax and fees thats still $70k vs $60k. You're only going to find new M2C's at MSRP if you order and wait for production.

6 months ago you could get them for 47-52k.

[rcouchh]

Originally Posted by akkando

6 months ago you could get them for 47-52k.

No you couldn't. You could never get a used M2C for 50k or under at any point. I've been following the values of these cars religiously for 2 years and I have seen one for 50k. It turned out to have been crashed on the track and not even fully repaired. You will not find one under 55k unless it's private party or has issues, and you never could. I bought mine 6 months ago and there was never a single listing under 55k within 500 miles, and I was looking daily for months. I guarantee anything you saw in that range had issues or a lemon title.

[Sublime00]

Originally Posted by rcouchh

No you couldn't. You could never get a used M2C for 50k or under at any point. I've been following the values of these cars religiously for 2 years and I have seen one for 50k. It turned out to have been crashed on the track and not even fully repaired. You will not find one under 55k unless it's private party or has issues, and you never could. I bought mine 6 months ago and there was never a single listing under 55k within 500 miles, and I was looking daily for months. I guarantee anything you saw in that range had issues or a lemon title.

Fake news.

I almost bought a comp w/ 4500 miles (around that mileage) at an Audi dealer that was traded in. Exec pack, manual, no moonroof. This was in Long Island.
Guy was willing to sell for $50,500. I could've gotten it for $50k.

A GM dealer in Tx had one w/ under 5k miles that he would've sold for $50,500.

Cali cars however have always been 5% higher.

Prices have not "normalized" to what they were last year, but maybe they'll continue to be high.

[rcouchh]

Originally Posted by Sublime00

Fake news.

I almost bought a comp w/ 4500 miles (around that mileage) at an Audi dealer that was traded in. Exec pack, manual, no moonroof. This was in Long Island.
Guy was willing to sell for $50,500. I could've gotten it for $50k.

A GM dealer in Tx had one w/ under 5k miles that he would've sold for $50,500.

Cali cars however have always been 5% higher.

Haha that's funny. That's exactly the M2C I'm talking about. Consider yourself lucky you didn't buy that car. Biener Audi in Long Island, was listed at 50k, black exec 2020 with 5k miles or something. I put $5000 cash down on that car to hold it for 1 day and they sold it out from under me 2 hours later. Turns out the previous owner used it as a dedicated track car, and went off track with it. Broke the rear camber arms, had a blown rear strut and bad rear wheel hub. Various other components were broken. The car failed Audi inspection and they lied about it and tried to sell it as perfect. Even were going to charge me a $1800 "inspection" fee for it. When I asked what the clunking from the rear was, the guy told me it was the jack bouncing around LOL. The car was only listed at $50k because they knew it was fucked up and they wanted it gone ASAP. The salesman only was able to tell me this AFTER I got my deposit back and some other poor soul got scammed for the car. So please, don't tell me that was a good example of a well-priced M2C.

I looked at 4 other M2Cs in the area that were 50-55k price point, all 4 were lemon titles. If any other car was listed by a DEALERSHIP for $50k, there is something wrong with it. Why would they list it $7k under market price? C'mon now.