[JMcLellan]

Originally Posted by Ravenseal

I'd recommend trying cars-and-bids or bring-a-trailer (with a reasonable reserve price). Modified cars hardly ever sell for more than they wholesale. In fact, you might be better off returning the car to stock and selling the parts independently (aside from the LSD, obviously). I learned very early on that you simply have to accept that the money you spend on modifications is entirely at your preference and is basically gone for good. If the entire reason you're looking at an M2 is because you're expecting a massive payout from selling a modified car, you're probably going to find yourself in a difficult position.

There is 1 other M240i for sale in the Twin Cities area and it's priced at $42K, and the car has similar miles and features. I'm priced at $40K and would wiggle down a little bit. Doing a nation wide search on Auto Trader the prices for my car range from $32K up to $49K.

Whatever happens either way I will be driving an awesome 2 series! Looking forward to seeing more allocation updates on here and continued jealousy from the folks who are getting their G series M2.

[Ravenseal]

Originally Posted by JMcLellan

There is 1 other M240i for sale in the Twin Cities area and it's priced at $42K, and the car has similar miles and features. I'm priced at $40K and would wiggle down a little bit. Doing a nation wide search on Auto Trader the prices for my car range from $32K up to $49K.

Whatever happens either way I will be driving an awesome 2 series! Looking forward to seeing more allocation updates on here and continued jealousy from the folks who are getting their G series M2.

I don’t doubt that you can sell your car. I just think the mods need to come off for it to be easier for everyone involved.

Flash the ECU back. Leave the M performance exhaust and differential. Return everything else to stock. The Apex wheels/tires you should be able to sell easily on the side. Most buyers don’t want heavily modified vehicles.

[cmgbk75]

Originally Posted by JustinHEMI

Yeah I get what you're saying and I do hope you find the right buyer, it just may take a while.

Yeah, I’ve never really aftermarket modded a car and for partly this reason.

I know for BMW Motorrad even with tasteful OEM accessories added by a dealer (with the exception of a Certified Dealer tune with Akro Headers & Exhaust) doesn’t do anything for increasing the resale which is why I always include the original parts as part of the sale.

Maybe modify your listing to reflect that and even give the option to revert before sale.

Best of luck on your sale.

[cmgbk75]

Originally Posted by Ravenseal

I'd recommend trying cars-and-bids or bring-a-trailer (with a reasonable reserve price). Modified cars hardly ever sell for more than they wholesale. In fact, you might be better off returning the car to stock and selling the parts independently (aside from the LSD, obviously). I learned very early on that you simply have to accept that the money you spend on modifications is entirely at your preference and is basically gone for good. If the entire reason you're looking at an M2 is because you're expecting a massive payout from selling a modified car, you're probably going to find yourself in a difficult position.

I’ve lately found that BAT is not agreeing to list cars with Reserves attached as much as in the past few years. My hunch is that it’s due to a glut of cars and the continued trend of declining secondary values.

[sl0m0]

Originally Posted by JustinHEMI

Came to say the same thing. While I understand our desires for others to see value in what we've done to our cars, time and again it is shown that mods add nothing to the value (in general, I grant there are some key mods that can/will).


See what carmax/vroom and such offers too. I don't know what the market is like today, but a year ago they were way over paying for cars (which means they probably aren't anymore haha).

This is why I am trying to get as many upgrades as possible on the window sticker, then I might just do an intake/downpipe. Although I plan to never sell this car, I just don't want any hurdles if I absolutely needed to.

[LVI]

Originally Posted by JMcLellan

There is 1 other M240i for sale in the Twin Cities area and it's priced at $42K, and the car has similar miles and features. I'm priced at $40K and would wiggle down a little bit. Doing a nation wide search on Auto Trader the prices for my car range from $32K up to $49K.

Whatever happens either way I will be driving an awesome 2 series! Looking forward to seeing more allocation updates on here and continued jealousy from the folks who are getting their G series M2.

why not trade it in? do you have sales tax credit in MN? i'd get a trade # from your dealer. The second set of wheels will add $0 to your resale value. Mods will subtract value to most people that would be buying a $40K+ car private party. If you don't have the title in hand free and clear, you're further cutting your buyer pool in half, or less.

In many cases, it just doesn't make sense to sell privately in states where you have sales tax credit (and the dealer isn't trying to rake you over the coals).

[JMcLellan]

Originally Posted by LVI

why not trade it in? do you have sales tax credit in MN? i'd get a trade # from your dealer. The second set of wheels will add $0 to your resale value. Mods will subtract value to most people that would be buying a $40K+ car private party. If you don't have the title in hand free and clear, you're further cutting your buyer pool in half, or less.

In many cases, it just doesn't make sense to sell privately in states where you have sales tax credit (and the dealer isn't trying to rake you over the coals).

Trade in quotes are brutally low. I'm not aware of any credits with selling/buying a car. What's that about?

[deneed4spd]

Originally Posted by JMcLellan

Trade in quotes are brutally low. I'm not aware of any credits with selling/buying a car. What's that about?

He is stating that if you trade in a car that the dealer gives you $40k, then you take the m2 price such as $70 and subtract out the $40k to just end up paying tax on the $30k.

[M2Jorge]

Originally Posted by JWG80M3

Just spoke to my SA and was told I am status 112 with a week 16 build.

What’s the status if your build now?

[M2Jorge]

Originally Posted by JMcLellan

Trade in quotes are brutally low. I'm not aware of any credits with selling/buying a car. What's that about?

I got a great quote from vroom for my supra, but the m2 is still 2 months out so I can’t be without a car until then

[deneed4spd]

Originally Posted by M2CompJorge

I got a great quote from vroom for my supra, but the m2 is still 2 months out so I can’t be without a car until then

Also try carvana. They seem to pay out most

[JWG80M3]

Originally Posted by M2CompJorge

What’s the status if your build now?

As of two weeks ago…build is complete and in process for shipping. I’ve been told that here in Germany my dealership cannot release it to me until 12 June, regardless if when I arrives.

[JMcLellan]

Originally Posted by deneed4spd

He is stating that if you trade in a car that the dealer gives you $40k, then you take the m2 price such as $70 and subtract out the $40k to just end up paying tax on the $30k.

I will inquire on that but I think in MN we are stuck with paying the sales tax on the total sales price prior to deducting out cash from a trade in or down payment. If I could that would be nearly a $3K tax break. Thanks!

[deneed4spd]

Originally Posted by JMcLellan

I will inquire on that but I think in MN we are stuck with paying the sales tax on the total sales price prior to deducting out cash from a trade in or down payment. If I could that would be nearly a $3K tax break. Thanks!

I also live in MN and u only pay tax on the diff. I have traded in many so know for sure.

[JMcLellan]

Originally Posted by deneed4spd

I also live in MN and u only pay tax on the diff. I have traded in many so know for sure.

Ok. I haven't traded in a car in about 15 years so don't recall. This makes that option more appealing.

[cmgbk75]

Originally Posted by JMcLellan

I will inquire on that but I think in MN we are stuck with paying the sales tax on the total sales price prior to deducting out cash from a trade in or down payment. If I could that would be nearly a $3K tax break. Thanks!

That doesn’t sound legal, I would definitely check further on that. If you’re trading into the selling dealer it should absolutely come out of the total, thereby lowering your taxable purchase price.

[JMcLellan]

Originally Posted by deneed4spd

I also live in MN and u only pay tax on the diff. I have traded in many so know for sure.

One more point of clarity on this: does a cash down payment also lower the dollar amount taxed, or only the trade in value?

[M2Jorge]

Originally Posted by JWG80M3

As of two weeks ago…build is complete and in process for shipping. I’ve been told that here in Germany my dealership cannot release it to me until 12 June, regardless if when I arrives.

Germany? I’m confused, your profile says United States

[deneed4spd]

Originally Posted by JMcLellan

One more point of clarity on this: does a cash down payment also lower the dollar amount taxed, or only the trade in value?

Only the trade in value.

[JWG80M3]

Originally Posted by M2CompJorge

Germany? I’m confused, your profile says United States

American, living in Germany.

[mynameisnick4]

For those that have traded in your OG F87, what kind of values are dealers offering (if you don't mind sharing?)

[turbowilly]

For those with more knowledge than I, what month do the allocations switch over from MY23 to MY24 with the new colors available?