Value of an M Car without MotorPlan

[momoPike]

Hi guys,

So while browsing for my last 2 door for a while I stumbled upon this M2 Comp : https://www.autotrader.co.za/car-for-sale/bmw/m2/competition/26030401

Priced around the same as a normal 2017-2018 normal M2 and was curious. Upon further inspection I notice that the motorplan is voided and call the dealership to confirm. Software loaded which BMW found.

Now, I was a little confused as it seems not the transmission and engine components warranty was voided BUT everything.

Now I ask, with all this mentioned. Is it worth the price?
Thoughts would be appreciated.

 

[TBP88]

Short answer - no. Why save R300k on a 3yr old car that will forever carry an asterisk. You could walk into BMW today and get one For around R300k extra.

 

[///Moose]

Not worth it, for roughly R100k more you can get one with motorplan, no comments and less than half the mileage.

I have one available if you looking, 2019, 17km, manual


Sent from my iPhone using Tapatalk

 

[momoPike]

Not worth it, for roughly R100k more you can get one with motorplan, no comments and less than half the mileage.

I have one available if you looking, 2019, 17km, manual


Sent from my iPhone using Tapatalk

Please done tempt me...

 

[TurboLlew]

Plenty of these guys taking chances. There is a dude on the supercars for sale group on facebook that was trying to flog a modded F90 with the plan cancelled for 200K more than the equivalent cars from BMW with plan and no comments are selling for (so apparently you must pay extra for a bombed plan LOL).

If I had to guess, the dealer probably traded this car in and the warranty was voided after the fact. It is unlikely the dealer would have given the previous owner a great trade in knowing the car was modded and had a voided plan.

 

[momoPike]

If I had to guess, the dealer probably traded this car in and the warranty was voided after the fact. It is unlikely the dealer would have given the previous owner a great trade in knowing the car was modded and had a voided plan.

Basically what happened. Dealer trying to make back their trade from what I gathered

 

[Nukleuz]

You guys all suggesting he rather spend R300k more as if thats nothing.
That is 35% more than what the man is looking at.

 

[MR_Y]

You guys all suggesting he rather spend R300k more as if thats nothing.
That is 35% more than what the man is looking at.

Yolo...

But, seriously the cost of unexpected maintenance over a 4 year period on the car without Plan may actually be 300k...

 

[///Moose]

You guys all suggesting he rather spend R300k more as if thats nothing.
That is 35% more than what the man is looking at.

My suggestion was a newer car, half the kilos and motorplan for R100k more


Sent from my iPhone using Tapatalk

 

[tman]

You guys all suggesting he rather spend R300k more as if thats nothing.
That is 35% more than what the man is looking at.

If u wanna play, you have to pay

Sent from my SM-G996B using Tapatalk

 

[TurboLlew]

I think about some costs covered by plan on my M5... (forgive me some are from memory). This is not all of them mind you - there were dozens of little things BMW fixed under plan.

Adaptive Dampers: R70K job (motorplan rates - would have been more privately)
Clutch Job: R30K
Brake Job: R45K (actually more than once)
Oil leak: R25K
Coolant lines/leak x2: R16K
Services x4: approx R14K

R300K (outside of catastrophic engine failure) is a bit of a stretch, but 200K on these time scales is certainly not).

If someone is looking to 'save' R300K, then buying this car is not the way. This car needs to be closer to R600K to make this a good buy IMHO... and that is provided the owner is prepared to have R50 to R100K in a fund for any 'special needs' and the ability to fix things that go wrong beyond the basics. Nice to say F**** motorplan like the big boys until you have to pay LOL

If you are buying a fully depreciated car with a good history and you are willing to put in money for preventative work and maintenance (or your long serving M car is long paid off) then that is one thing. Buying a 37000km M2 Competition with no plan for close to the price of a no-stories car with less mileage and plan (or even a new car) makes literally no sense.

 

[Kyle]

I think the R300k is relative to the cost of maintaining one of these "newer" M cars out of plan, having said that, I suppose an argument could be made that it's isn't really accurate to take the cost at of a BMW Motorplan repair and apply that as the cost of maintaining an older car.

Coming back to the original post, as @TurboLlew has stated, this particular deal doesn't seem worth it.

 

[Nomad77]

I suppose it’s like insurance, I’ve paid close to 100k in the last 12 months and only claimed a windscreen.

What on earth is your premium? Maybe I'm young but that sounds insane

 

[TBP88]

Honestly I'd struggle with saving R300k (or 30% or so) over a brand new car just because I'd gladly pay the premium to get *my* car, be the first and only owner etc. etc.

Either way, I think @TurboLlew is on point, realistically unless you're buying a car where the depreciation has hit it, a no plan car for such a small saving is wild.

 

[Nukleuz]

If u wanna play, you have to pay

Sent from my SM-G996B using Tapatalk

That's absolutely retarded. So if someone doesn't have the budget for a million rand car, they
aren't playing?

 

[TBP88]

That's absolutely retarded. So if someone doesn't have the budget for a million rand car, they
aren't playing?

I think you just play in a different level. I mean, there are gents out there "playing" in paganis and gents "playing" in citigolfs. Still having fun just a completely different stratosphere of money...

Either way, R300k is a lot of money, yes. But it's also *not* a lot of money when you're talking about the 2nd most expensive thing you'll likely ever buy and a car where I'm guessing just changing brakes is an upward of R10k job.

 

[tman]

That's absolutely retarded. So if someone doesn't have the budget for a million rand car, they
aren't playing?

Common metaphor meaning you can't have nice things if you are not willing to pay for it.

Same time example can be used on cheaper vehicles too, ie: buy a cheap N54 with high mileage and no service history.

From the example above R300k might sound like a premium but when placed in perspective its actually justified

Sent from my SM-G996B using Tapatalk

 

[TBP88]

I think you just play in a different level. I mean, there are gents out there "playing" in paganis and gents "playing" in citigolfs. Still having fun just a completely different stratosphere of money...

Either way, R300k is a lot of money, yes. But it's also *not* a lot of money when you're talking about the 2nd most expensive thing you'll likely ever buy and a car where I'm guessing just changing brakes is an upward of R10k job.

Just to add to this, I'd also be vary weary, if somebody was silly enough to get plan cancelled, I'd have some pretty serious questions about how smartly they treated the car for the 20 000km they owned it (or whatever).

 

[TBP88]

TBP88 100% but some people have had plans cancelled for some very silly things like down pipes or exhausts/back boxes

I guess even in that case, my question is you're willing to take the car back with the modded exhaust? Surely that shows some lack of care? Either way, as nice as the M2s are, I don't think an out of plan one, even if you gave me a brand new car and just said "here's an M2 0km, you're owner 1", what is the plan worth (I think we had this chat in another section). What is the M2 worth with no plan? 200k less? 300k less?

I'd guess it's in the 250k mark area for an M2 but surely on a more expensive M car then this changes dramatically - if you had carbon brakes then having plan is worth a ton, those are more like a R100k replacement cost. etc etc.

 

[TBP88]

I know some "mechanics" that have modded their cars and treat them better than any dealership would. I also know some standard M4's that get treated very badly every weekend but the motor plans are still intact.
I for one have treated my own M4 better than the Bmw Midrand dealership has treated it, so to answer you, yes I would buy a modded car from some people but not from others.

It's not the modding per se, it's more the "my car has light mods but I'll still risk plan" type attitude, I suppose. but for sure, everyone is different in terms of how well they take care of their cars, and I'd certainly not risk my life on a BMW dealer taking good care!