UK BMW 1M allocation for sale. LOL.

as7920 · 08-20-2011, 01:01 PM

Wasn't aware you could sell something you didn't own, oh and the car pictured is one of our continental friends cars!

http://www.ebay.co.uk/itm/bmw-1m-all...1#ht_500wt_922

What a joke!

Grey Dove · 08-20-2011, 01:22 PM

Quote:

Originally Posted by as7920

Wasn't aware you could sell something you didn't own, oh and the car pictured is one of our continental friends cars!

http://www.ebay.co.uk/itm/bmw-1m-all...1#ht_500wt_922

What a joke!

That's chris507 (swiss member) on the pic he's selling

He's also selling a M1 my 2011 in the same advert

rjwojcik · 08-20-2011, 03:11 PM

Looks like he's been messed about already, shame. TBH - hope he looses his deposit as well (or at least looses on it). Hate it when cars like this get speculated.

Z4Mr · 08-20-2011, 05:46 PM

Situation here in UK is you paid £1000-00 to get an allocation - refundable until you spec car up. THEN you pay another £1000-00 to spec the car, at which time the whole £2000-00 IS NO LONGER refundable.

As such, the guy here is merely trying to get his £2K back rather than make any money on the car no?? So why the hating??

M

m3kerry · 08-20-2011, 06:31 PM

Quote:

Originally Posted by Z4Mr

Situation here in UK is you paid £1000-00 to get an allocation - refundable until you spec car up. THEN you pay another £1000-00 to spec the car, at which time the whole £2000-00 IS NO LONGER refundable.

As such, the guy here is merely trying to get his £2K back rather than make any money on the car no?? So why the hating??

M

+1

ChrisBuer · 08-21-2011, 02:53 AM

Quote:

Originally Posted by Z4Mr

Situation here in UK is you paid £1000-00 to get an allocation - refundable until you spec car up. THEN you pay another £1000-00 to spec the car, at which time the whole £2000-00 IS NO LONGER refundable.

As such, the guy here is merely trying to get his £2K back rather than make any money on the car no?? So why the hating??

M

That's not the situation for everyone in the UK. I paid my £1000 deposit and specced the car at the same time. I don't pay anything now until I collect the car and my deposit if fully refundable all the way along.

Pugland53 · 08-21-2011, 03:44 AM

Quote:

Originally Posted by ChrisBuer

That's not the situation for everyone in the UK. I paid my £1000 deposit and specced the car at the same time. I don't pay anything now until I collect the car and my deposit if fully refundable all the way along.

Same here, except I only put £500 down.

kmpowell · 08-21-2011, 03:56 AM

Quote:

Originally Posted by ChrisBuer

That's not the situation for everyone in the UK. I paid my £1000 deposit and specced the car at the same time. I don't pay anything now until I collect the car and my deposit if fully refundable all the way along.

Ditto Chris.

BTW - the guy on eBay is a dealer...

http://pistonheads.com/sales/3140599.htm

Z4Mr · 08-21-2011, 04:15 AM

Interesting. I thought that the situation I experienced deposit-wise and as outlined above (Cooper BMW Teesside) was standard across BMW delaers in the UK. I'm obviously wrong about that, so apologies for presuming that all us UK 1Mrs were/are in the same boat deposit-structure-wise as I (-:

That said, the wording in the Pistonheads ad mentioned above reads " HOW THIS WORKS YOU BUY MY DEPOSIT FOR £2000.00 BALANCE DUE TO BMW COOPER DURHAM IS £40,190" and, as such this guy has found obviously himself in the same deposit scenario as I - not surprising as we both placed our deposits with Cooper BMW dealers (of which there are 16 in the UK - anyone else here buying/bought a 1M from Cooper?).
Mike

kmpowell · 08-21-2011, 04:45 AM

Quote:

Originally Posted by Z4Mr

anyone else here buying/bought a 1M from Cooper?

Yup - Cooper Croydon.

Jezzer · 08-21-2011, 09:53 AM

Same here £1k deposit at time of order and no more to pay until I collect my car from Specialist Cars

Z4Mr · 08-21-2011, 10:18 AM

Another thing here is.......... that the guy/dealer is selling that allocation NOW after having speculated by 'buying' it in the first place, indicates that he doesn't see much upside in getting the physical car and THEN moving it on for a profit like so many speculators do - albeit admittedly with more top end cars like 458s and the like. Or put another way, he obviously got the allocation purely to turn a quick buck; but by getting out now and merely getting his deposit back he doesn't have much hope for premiums being paid on physical 1Ms once the allocation has gone/sold out.

I never saw the 1M as such; although I would expect it to perform pretty damned well residual-wise in general.

ChrisBuer · 08-21-2011, 03:37 PM

Quote:

Originally Posted by kmpowell

Yup - Cooper Croydon.

Yes

- Cooper Chelmsford.

rjwojcik · 08-21-2011, 03:47 PM

Quote:

Originally Posted by Z4Mr

Situation here in UK is you paid £1000-00 to get an allocation - refundable until you spec car up. THEN you pay another £1000-00 to spec the car, at which time the whole £2000-00 IS NO LONGER refundable.

As such, the guy here is merely trying to get his £2K back rather than make any money on the car no?? So why the hating??

M

Sorry, don't hate everyone... TBH didn't have a problem with BoxerCup when he moved his 1M on, he had his for 6 months I think and lost about £1K so good for him. With this one, well it's a dealer for starters. Why would a dealer reserve a couple of cars? Maybe they're selling them on a sale or return basis?

Ooo, saw my first 1M today, did sound nice and it wasn't even trying.

08-20-2011, 01:01 PM	#1
as7920 Colonel 597 Rep 2,375 Posts Drives: 2023 SG/FR M4 xDrive Competiti Join Date: Jul 2006 Location: UK iTrader: (0)	UK BMW 1M allocation for sale. LOL. Wasn't aware you could sell something you didn't own, oh and the car pictured is one of our continental friends cars! http://www.ebay.co.uk/itm/bmw-1m-all...1#ht_500wt_922 What a joke!
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08-20-2011, 03:11 PM	#3
rjwojcik Captain 282 Rep 707 Posts Drives: 2016 VW Golf GTD Join Date: Mar 2011 Location: Essex, UK iTrader: (0)	Looks like he's been messed about already, shame. TBH - hope he looses his deposit as well (or at least looses on it). Hate it when cars like this get speculated. __________________ Current: 2016 Golf GTD with a "lot" of toys Gone: 2016 M3 CP - Mineral Grey / Black Gone: 2009 135i - Le Mans Blue / Black
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08-20-2011, 05:46 PM	#4
Z4Mr Private 6 Rep 78 Posts Drives: 1M ETA JAN 2012 Join Date: Aug 2006 Location: UK iTrader: (0)	Situation here in UK is you paid £1000-00 to get an allocation - refundable until you spec car up. THEN you pay another £1000-00 to spec the car, at which time the whole £2000-00 IS NO LONGER refundable. As such, the guy here is merely trying to get his £2K back rather than make any money on the car no?? So why the hating?? M Last edited by Z4Mr; 08-20-2011 at 05:57 PM..
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08-21-2011, 04:15 AM	#9
Z4Mr Private 6 Rep 78 Posts Drives: 1M ETA JAN 2012 Join Date: Aug 2006 Location: UK iTrader: (0)	Interesting. I thought that the situation I experienced deposit-wise and as outlined above (Cooper BMW Teesside) was standard across BMW delaers in the UK. I'm obviously wrong about that, so apologies for presuming that all us UK 1Mrs were/are in the same boat deposit-structure-wise as I (-: That said, the wording in the Pistonheads ad mentioned above reads " HOW THIS WORKS YOU BUY MY DEPOSIT FOR £2000.00 BALANCE DUE TO BMW COOPER DURHAM IS £40,190" and, as such this guy has found obviously himself in the same deposit scenario as I - not surprising as we both placed our deposits with Cooper BMW dealers (of which there are 16 in the UK - anyone else here buying/bought a 1M from Cooper?). Mike Last edited by Z4Mr; 08-21-2011 at 04:21 AM..
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08-21-2011, 09:53 AM	#11
Jezzer Banned 116 Rep 938 Posts Drives: Series 1 m coupe Join Date: Jul 2011 Location: UK iTrader: (0)	Same here £1k deposit at time of order and no more to pay until I collect my car from Specialist Cars
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08-21-2011, 10:18 AM	#12
Z4Mr Private 6 Rep 78 Posts Drives: 1M ETA JAN 2012 Join Date: Aug 2006 Location: UK iTrader: (0)	Another thing here is.......... that the guy/dealer is selling that allocation NOW after having speculated by 'buying' it in the first place, indicates that he doesn't see much upside in getting the physical car and THEN moving it on for a profit like so many speculators do - albeit admittedly with more top end cars like 458s and the like. Or put another way, he obviously got the allocation purely to turn a quick buck; but by getting out now and merely getting his deposit back he doesn't have much hope for premiums being paid on physical 1Ms once the allocation has gone/sold out. I never saw the 1M as such; although I would expect it to perform pretty damned well residual-wise in general.
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