TBP88
Well-known member
Look around for green-wrapped M2s, looks amazing.
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Read the WELCOME ALL BMWFANATICS post.
discussion F87 M2 Competition Values - talk to me
- Thread starter momo1
- Start date
momo1
Well-known member
unfortunately they a out of budget bro, looking at F82/87 comps
maybe even a supra
Butler ///M
Member
Revival of a thread, I didn't want to start another one, since the title relates to my question.
I am considering selling the m2 competition (not in a hurry nor desperate to sell)
Spec is :
2021, black, manual, sunroof, hk sound, m drivers package. Full PPF, Active motor plan till June 26
Mileage 14xx km with fully traceable tracker record to prove mileage.
What is something like this worth?
Thanks
I am considering selling the m2 competition (not in a hurry nor desperate to sell)
Spec is :
2021, black, manual, sunroof, hk sound, m drivers package. Full PPF, Active motor plan till June 26
Mileage 14xx km with fully traceable tracker record to prove mileage.
What is something like this worth?
Thanks
That sounds like a reasonable price considering how ridiculously low the mileage is and its super rare being a manual comp spec still within active motorplan with options to extend!
Wish I had the funds to purchase this as my gut tells me that this one will just appreciate in value as time goes by and there are just less and less manual performance orientated cars on the market
Are u the first owner? A manual M2 comp with this low mileage is going to worth alot of cash in many years time . Keep it!
I am skeptical. Did the V8 M3 appreciate in value enough to a person that kept it for the reason of “investment” for it to actually be worthwhile?
For example if it was supposed to be sold for 1M in 2011. But the owner kept it for 10 years in hopes it would appreciate and in 2021 it maybe sells for 1.2M.
Thats actually depreciated even if it sells for that 1.2M. 1.2M in 2021 is less than 1M in 2011.
Even if a car holds it price over 10 years it’s still lost over 30/40% in value.
He needs to keep for probably 15 to 25 years to return any real value and there should be enough of a radical change in cars for an enthusiast to be willing to pay a lot for it.
Also this forum consists of enthusiasts. We aren’t the majority that actually dictate car prices. You know those people that buy and have never put the car in MDM or even know what the red stuff behind the steering is for dictate the prices.
Just ask the guys that thought the F1 V10 derived engines in the M6 and M5 think now, over a decade later after they thought “it’s the last V10, prices will appreciate”.
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TurboLlew
Honorary ///Member
In October 2010, a Manual M3 Coupe was R841962 according to a car mag on my bookshelf. In today's money that is R1.775M. Frankly, no E92 is worth that, even with 0 miles.
The 1M tells a similar story. Limited production numbers have softened the blow of depreciation, the car has still lost value. You might see ads listing them for higher, but those prices are aspirational & the reality is that they simply don't move at those levels. Even at R900,000, they are sitting.
I understand that someone might have picked up a neglected example of an E60/46/92 for R250,000 4 or 5 years ago and then sunk another R200,000 into it to bring it up to scratch. But these "restored" cars are always hamstrung by their mileage and history penalties so you’ll never see a meaningful return on your investment. This is becoming even worse now that every person shopping for them is hypercritical expecting a new car or else they 'won't make money' when they sell it LMFAO.
That said, I would still encourage people to buy cars because they like them, to keep them going etc... The "buying-to-make-money" story is delusional though, as are the mental gymnastics to justify restoration costs. If you like it that's OK. If you are willing to make it a labour of love - also great. Everyone puts money into their hobbies and I have massive respect for those who both modify things because they like them and for themselves and for those who keep old girls alive and in great condition.
The car world likes smoking their own stash though.
Ask the guys who believe the E39 is still peak BMW what it costs to do resto and maintenance work on it. Rinse and repeat for those waiting for V10s 'time to come'. There is no value in doing it other than satisfying the little boy inside you that always wanted one.
Perhaps there’s a psychological need to turn every purchase into a value equation, or some form of "poverty response" baked into us, but the truth is that a hobby doesn’t have to make financial sense. If you enjoy tinkering with a car, that’s justification enough. It shouldn't matter if the car is worth half or double what you paid, it should just make you happy. We have reached the point now where there is a big disconnect with reality: Guys trying to recover their entire investment plus making money on top for cars that just are not as special as we tell ourselves they are. Even supposedly 'sorted' cars carry a great deal of risk being so old now, so the buyer pool willing to put up with that while also paying a 'pre-appreciated' or 'stimulated' price is also getting smaller.
There are times you just like something or want to be different. We often misjudge why people buy cars like Maseratis, S-Classes, or 7-Series (or Alfas or Ms or AMGs) because every youtuber parrots the same lines about them. We wonder if they’ve lost their minds, forgetting that for many, these aren't "one-and-done" purchases or made for financial reasons. We think that these people care about rounding errors to their net worth or about 'practicality' or 'one and done' propositions. If you’ve actually driven them, you understand why people put up with the niggles and the brutal depreciation, which most likely they have a staff member sorting out for them anyway.
They saw something they liked, it resonated with them and they bought it. Equivalent to one of us plebs choosing a chocolate or flavour of chips. Most likely being depreciated to zero in their books or at least in their minds in 4 years anyway. Not everyone sees 'things' and property in the same way (Thank goodness they exist though since their appetite or disregard for depreciation is exactly what ensures there are nice, used cars for the rest of us to buy later.
).
Even if you had to look at some of these asking prices for 'nice ones', you must be delusional if you think there is anything other than collector's vanity or 'midlife crisis' value in spending the equivalent of a 'driver' E92 Manual PLUS F90 on one. There are bigger fish in those price ranges that are far nicer to own lurking at certain prices points which will ensure these stay unsold or trading hands at much lower values. If someone had to come and offer me a straight swap for my F90 with even the nicest E39 M5, he'd be laughed out the room.
Besides all this, at this stage, these cars are old enough that the real collectors already have them. That ship has sailed.
I keep responding to this because every time an S2000 comes up for sale, someone tells me I "should have kept it": basically, according to the internet, I should never have sold a car in my life
The 1M tells a similar story. Limited production numbers have softened the blow of depreciation, the car has still lost value. You might see ads listing them for higher, but those prices are aspirational & the reality is that they simply don't move at those levels. Even at R900,000, they are sitting.
I understand that someone might have picked up a neglected example of an E60/46/92 for R250,000 4 or 5 years ago and then sunk another R200,000 into it to bring it up to scratch. But these "restored" cars are always hamstrung by their mileage and history penalties so you’ll never see a meaningful return on your investment. This is becoming even worse now that every person shopping for them is hypercritical expecting a new car or else they 'won't make money' when they sell it LMFAO.
That said, I would still encourage people to buy cars because they like them, to keep them going etc... The "buying-to-make-money" story is delusional though, as are the mental gymnastics to justify restoration costs. If you like it that's OK. If you are willing to make it a labour of love - also great. Everyone puts money into their hobbies and I have massive respect for those who both modify things because they like them and for themselves and for those who keep old girls alive and in great condition.
The car world likes smoking their own stash though.
Ask the guys who believe the E39 is still peak BMW what it costs to do resto and maintenance work on it. Rinse and repeat for those waiting for V10s 'time to come'. There is no value in doing it other than satisfying the little boy inside you that always wanted one.
Perhaps there’s a psychological need to turn every purchase into a value equation, or some form of "poverty response" baked into us, but the truth is that a hobby doesn’t have to make financial sense. If you enjoy tinkering with a car, that’s justification enough. It shouldn't matter if the car is worth half or double what you paid, it should just make you happy. We have reached the point now where there is a big disconnect with reality: Guys trying to recover their entire investment plus making money on top for cars that just are not as special as we tell ourselves they are. Even supposedly 'sorted' cars carry a great deal of risk being so old now, so the buyer pool willing to put up with that while also paying a 'pre-appreciated' or 'stimulated' price is also getting smaller.
There are times you just like something or want to be different. We often misjudge why people buy cars like Maseratis, S-Classes, or 7-Series (or Alfas or Ms or AMGs) because every youtuber parrots the same lines about them. We wonder if they’ve lost their minds, forgetting that for many, these aren't "one-and-done" purchases or made for financial reasons. We think that these people care about rounding errors to their net worth or about 'practicality' or 'one and done' propositions. If you’ve actually driven them, you understand why people put up with the niggles and the brutal depreciation, which most likely they have a staff member sorting out for them anyway.
They saw something they liked, it resonated with them and they bought it. Equivalent to one of us plebs choosing a chocolate or flavour of chips. Most likely being depreciated to zero in their books or at least in their minds in 4 years anyway. Not everyone sees 'things' and property in the same way (Thank goodness they exist though since their appetite or disregard for depreciation is exactly what ensures there are nice, used cars for the rest of us to buy later.
).Even if you had to look at some of these asking prices for 'nice ones', you must be delusional if you think there is anything other than collector's vanity or 'midlife crisis' value in spending the equivalent of a 'driver' E92 Manual PLUS F90 on one. There are bigger fish in those price ranges that are far nicer to own lurking at certain prices points which will ensure these stay unsold or trading hands at much lower values. If someone had to come and offer me a straight swap for my F90 with even the nicest E39 M5, he'd be laughed out the room.
Besides all this, at this stage, these cars are old enough that the real collectors already have them. That ship has sailed.
I keep responding to this because every time an S2000 comes up for sale, someone tells me I "should have kept it": basically, according to the internet, I should never have sold a car in my life
