07-13-2018, 11:39 AM | #1 |
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Considering Cancelling M2C Order and Selling my M2
I'm just ranting to my friends here on this board
I'm so fed up with BMW Dealerships and BMWs current allocation model. I had a deposit down on the M2C for a year and a half, as soon as rumors started, always planning on doing a ED. Now my allocation comes up and the sales manager says they're new policy is that they're no longer doing EDs because it effects their allocations and they lose too much money (This is BMW of Sterling) and if I don't like it they'll sell the car to someone else, they don't care. I called around to ~25 dealerships, none will sell me the M2C with Euro Delivery for the same reason. I know some of you got it, I'm happy for you. The M2C will cause LCI and especially pre-LCI M2s to lose value pretty quick. I have a pre-LCI. I'm concerned depreciation could reach around $1k/month until it hits $35k. I was never planning to keep the car forever so if I'm going to sell, now could be the time before I lose 10k in 10 months (maybe). The M2 CSL is rumored for mid-2020 release. That's the car I've always wanted and would keep forever. I already have my deposit down for that and am first in line. So I'm thinking, sell the M2 before losses mount. My 95 M3 is being restored and that can by my fun manual BMW. Should I bring my 1995 Daytona Violet M3 back to Showroom Condition? As for a daily, used i3's have become really cheap, like 18k for a fully loaded model. Could use that to save money while I wait for the M2 CSL, which I'm sure they'll refuse ED again when it arrives... I still want to do a European Delivery and drive my wife around Europe. Hmmm, my F31 Wagon is out of warranty now but there wont be any new wagons from BMW in NA anymore. Stock (mostly) F31 328xi Station Wagon on the Track - WOW! And I hear Mercedes-Benz has a good Euro Delivery program... 7% off! And they do sell the E63 AMG S Wagon in the US. Maybe that's the ticket, maybe it's time to consider Mercedes-Benz.
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07-13-2018, 11:54 AM | #2 | |
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07-13-2018, 11:59 AM | #3 |
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And they pay for a night in a local 5 star hotel, not bad!
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07-13-2018, 12:12 PM | #5 |
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I don't think you should be treating cars as investments or stores of value. Especially something like the M2, which was destined to be mass produced since day 1. For other cars that might be desirable in the future; generally storage, maintenance, and restoration costs eat into any profits you might maybe see in the future if your car possibly does become more valuable. Then the time spent finding the right buyer and selling it for the price you want... it all sucks. Not to mention all the frustration in all of this possibly ruining relationships. Not worth it, IMO.
If you're concerned about your M2 dropping in price, then sell it and buy something 8yrs old or older. Something that went through depreciation already and has a chance of becoming sought after in the future. Something forgotten about but has all the markers of a future classic. Light, rwd, unique styling, easy to maintain/modify, good engine, etc. At least that's how I see it happen with those Nissan drift cars and S2k's and all that. The 350z might be that, as long as the drift scene doesn't lose steam. |
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07-13-2018, 12:19 PM | #6 |
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07-13-2018, 01:20 PM | #8 |
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assuming M2 CSL can be ED-ed
M3 CS right now is off the list for ED, not sure it'll be available for ED at all. ED is dead for BMW M-cars, it's so hard to even find any dealer who's willing to entertain that idea nowadays. |
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07-13-2018, 01:21 PM | #9 |
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Keep to your plan. Sell the M2 buy the M2C. Then when if M2CSL comes out wait until they allow EU instead of being first on the list.
Though I would keep the M2 and ditch the E36M3. I had one and wish I hadn't sold it until I went to see my brother and drove in his E36M3 only to remember how cramped it is width wise compared to the M2 not to mention the 100HP less, rear shock tower mount maintenance, though, I expect M2 to be similar; and the rear trailing arm concerns if tracked hard. |
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07-13-2018, 02:29 PM | #10 |
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https://f30.bimmerpost.com/forums/sh...d.php?t=901686
July 2018 It would be reasonable to expect the US-only M2 Racing (new Spec class?) to appear in early 2020 and the worldwide M2 CSL - in mid-2020 as MY2021, for a one year run. |
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07-13-2018, 02:31 PM | #11 | |
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Really feels like Euro Delivery is over in general for BMW, seems every year they're making it harder to get and not as worth it.
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07-13-2018, 02:56 PM | #12 | |
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07-13-2018, 02:58 PM | #13 | |
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Edit: I didn't see the M2 Competition on his list. Since it has a new engine I think that it deserves a mention. Last edited by AlpsRider; 07-13-2018 at 03:04 PM.. |
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07-13-2018, 03:01 PM | #14 | |
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In fact, my F31 Wagon was 55k new, it's now worth 25k used 5 years later. 30k in depreciation, about the same. In that case, I'd rather have the E63 AMG Wagon. Now I agree, a Benz SUV depreciates like a rock, do not buy new.
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07-13-2018, 03:02 PM | #15 |
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BMW should force all dealers to do it when requested and punish the dealer if they don't.
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07-13-2018, 03:04 PM | #16 |
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I think if you sold the M2 and got into reasonable e92 m3 for a year you wouldn't lose much (if engine doesn't explode) while waiting for the M2 variant you want. I keep thinking about it because of the looming depreciation on the M2 because of the M2C.
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07-13-2018, 03:16 PM | #17 |
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omg, love that V8. I had a 2011 e92 M3, was my first euro delivery back when there was 10% discounts. I sold it for the F31 Wagon when we had our first kid. I told the buyer that if he ever thinks about selling it, call me first. Amazing car, so long as the engine doesn't explode
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07-13-2018, 06:25 PM | #18 | |
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07-13-2018, 07:01 PM | #19 | |
this is the way
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07-13-2018, 07:22 PM | #20 | |
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that is dealer BS. 100% horse shit. find another dealer. And YES I realized you have called others... Sorry this happened to you. I literally called 200+ of the 366 dealers that were in the US network as it became known on the forums that 1M production was potentially ended. Many of the dealers already had their allocations sold.. I was however able to find TWO ED allocations for the 1M... The M2 Competition is just BEGINNING production... should you get a second wind... I highly suggest the following.. Take a day to call as many dealers as you can. don't even consider calling Florida, California, upper NE states Consider places like Alabama. South Carolina Arkansas , Texas, Tennesee, Missouri and other central states Get your spiel down.. mine was.. " HI.. My name is Mark.. I am looking for an ( M2 COMP) allocation at ED MSRP. I am NOT a car buying service and I am looking for an allocation for myself. I will happily place a deposit on an available allocation that I can build. " Tell them you are only looking for an allocation at ED MSRP. If you really want the car.. you can get it. --------------------------------------- ALL THAT SAID.. I personally believe that M2 values will not tank at ALL because of the M2 COMP. While the M2 COMP is a great package.. it's a $60K car minimum.. and will require 19" wheels and 19" track tires to cover those Big Silvers. Those that want new can pay for it.. however.. for many used car buyers.. an M2 at say.. 45-47K will be a much better option than perhaps a new M240 beginning at 46K plus options. Getting an M2 with remaining warranty for 15K cheaper than an M2 Competition will keep demand for the OG M2 high. That will tide you over until an M2 CSL hopefully comes along. Just make sure you call around for your M2 CSL allocation *AFTER* me.. since I gave you such awesome advice.. Last edited by M3 Adjuster; 07-13-2018 at 07:41 PM.. |
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07-13-2018, 07:31 PM | #21 | |
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Edit: they get allocations just like everyone else but it cutting into their profit per car most likely isn't an issue. I doubt you'll get the discount but I think they'll let you do ED.
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07-13-2018, 09:23 PM | #22 |
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First, I agree your dealer sucks. Really sucks. I know BMW and BMW NA probably do not care, but I'd let them know your opinion.
Second, you will be able to get an ED M2C at ED MSRP in a year without difficulty. The CSL may or may not happen, so you'll have to take a bet on that one. Regardless, if I were you, I'd just keep your M2 until a ED M2C is secured or the M2 CLS is a reality. Oh, and rebuild your E36 M3...you know you want to.
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