Is now a good time to buy a used m2/m3/m4?

[nepats81]

What do you guys think? I live in NYC and dont need a car for half the year. The other half i spend in NH/ME.

I want a good deal but can wait if necessary.

[ano0oj]

With the "deals" members have been posting lately, looks like a lot of dealers are asking 10-12% higher than market value for used M3/M4(not sure about M2).

Since you're willing to wait, it's not a bad idea to start the conversation with a few dealerships and see what you can negotiate.

[TheProjectM3]

Used car market has been quite popular actually. Deals can be made before and after Covid, but nothing spectacular. This ain't Sears lol

[SYT_Shadow]

I think it's a pretty good time. You can get pretty nice cars under 40k r

[ferrarifast]

Have you seen the grills on the G8x?



Long live the F8x series. Future classic no doubt

[nepats81]

Originally Posted by ferrarifast

Have you seen the grills on the G8x?



Long live the F8x series. Future classic no doubt

No i have now. Bad?

[mtr3s]

What's a good deal depends on your budget.

[2011ninja]

The best deal is the one you can afford.

[ferrarifast]

Originally Posted by nepats81

No i have now. Bad?

it's unsightly to say the least. I'm hoping there's an aspect of "3Dness" in the design thats not translating in the photograph. For me personally, the grill is just one more reason to go either M5/M8 or Porsche.

[tanmanbih]

Originally Posted by nepats81

What do you guys think? I live in NYC and dont need a car for half the year. The other half i spend in NH/ME.

I want a good deal but can wait if necessary.

Live in NYC as well and is currently in the market... I think prices are higher and for some fucking reason it is on high demand.. if you check out a car that is below the average.. it might be gone in less than 2 days.. just being honest.. ( that's also depends if youre picky with your choice of car.. for me I need a YMB and everything needs to make sense)

good luck car shopping bro! but they are out there

[icegrill]

It's always a good time for a clean f8x!

[Suds]

I went and looked at a 2019 in the Houston area for an out of state forum member. The car had not been listed yet at the dealer. He declined the purchase. I went in and worked a good enough deal for me on trading in my 2015 and got a gorgeous 2019 with 5k miles and 3 years of warranty and maintenance.

After seeing the latest pics of the G82, I knew I would be buying a later model F82. I just didn’t know it would be the first one I looked at. But when an educated buyer sees a perfect car, etc. you have to jump.

[churchillps]

Real deals are on interest rates right now. Crazy low.

[allinon72]

Everyone expects dealers to have fire sales just because of covid and the economy. There are way more factors than that and I really haven't seen prices drop much at all. In fact many dealers are having supply issues because the auctions have been closed. Very weird times.

[65fastback]

Originally Posted by allinon72

Everyone expects dealers to have fire sales just because of covid and the economy. There are way more factors than that and I really haven't seen prices drop much at all. In fact many dealers are having supply issues because the auctions have been closed. Very weird times.

YUP! many were and are still saying ...you just wait they will be practically giving them away just wait a little longer.

The reality is the used market is moving right along and all of the "good cars" are sold and gone with auction closed dealers are low on fresh inventory .

I say...find a car that checks all your boxes ( that can take awile ) and negotiate the best deal you can and enjoy!

[djarchow]

Originally Posted by Suds

But when an educated buyer sees a perfect car, etc. you have to jump.

I was considering an 18 m4 or a 2020 M2 comp. In April I went to a dealer a couple hours away just to test drive an M4 and an M2 comp. I was just kicking tires and had no real intention of trading then since the trade value for my 18 m2 had dropped from 40k in mid March to 25k in early April due to Covid impacting the wholesale market.

They had a 1 month old 2020 SMB M4 ZCP with 500 miles on it. They offered me 36k for my M2 and asked what kind of price I would need to take the M4. I offered 16k off sticker and said if I could get 38k for my trade it was a deal. They countered 1k higher on the M4 and agreed to 38k for my M2.

I loved everything about the car so I went for it. I hadn't even considered buying a car that day, let alone a 2020 m4 and hadn't even talked to my credit union about financing yet. But I had my checkbook with me and the dealership let me write a check for the car and take it home with me.

So like you said, sometimes you find the perfect car and just have to go for it. Very happy I did.

[bsmf8x]

Just bought a used f82. Prices are always gonna fluctuate, but I got mine below KBB value. I'd go for it. Also, buy it ASAP so you can enjoy it this summer, I'm in New York as well and these cops aren't pulling us over as much cause of COVID, so moe's your time to enjoy it lol. Just buy a clean, good spec and everything and it'll hold value well. The difference between the 20k and 30k e90 m3's is the spec & condition.

[oduli81]

Originally Posted by nepats81

What do you guys think? I live in NYC and dont need a car for half the year. The other half i spend in NH/ME.

I want a good deal but can wait if necessary.

I think your best option is, do a swapalease deal and buy the car at the end of the lease.

[bsmf8x]

Originally Posted by oduli81

I think your best option is, do a swapalease deal and buy the car at the end of the lease.

Lease buyouts are higher than the actual value at the end of lease.. only do it if the car is gonna end up with lower mileage than the lease agreement says and if the spec is good (competition, LCI lights that come on exec pack etc).

[bsmf8x]

Originally Posted by djarchow

I was considering an 18 m4 or a 2020 M2 comp. In April I went to a dealer a couple hours away just to test drive an M4 and an M2 comp. I was just kicking tires and had no real intention of trading then since the trade value for my 18 m2 had dropped from 40k in mid March to 25k in early April due to Covid impacting the wholesale market.

They had a 1 month old 2020 SMB M4 ZCP with 500 miles on it. They offered me 36k for my M2 and asked what kind of price I would need to take the M4. I offered 16k off sticker and said if I could get 38k for my trade it was a deal. They countered 1k higher on the M4 and agreed to 38k for my M2.

I loved everything about the car so I went for it. I hadn't even considered buying a car that day, let alone a 2020 m4 and hadn't even talked to my credit union about financing yet. But I had my checkbook with me and the dealership let me write a check for the car and take it home with me.

So like you said, sometimes you find the perfect car and just have to go for it. Very happy I did.

A 2020 San Marino m4 comp with 15k off is a great deal for a beautiful car I would've done the same thing

[oduli81]

Originally Posted by murdrdf82

Lease buyouts are higher than the actual value at the end of lease.. only do it if the car is gonna end up with lower mileage than the lease agreement says and if the spec is good (competition, LCI lights that come on exec pack etc).

I disagree, at least in my case. here is a quick breakdown.

I took over a 2019 m4 comp. msrp 90k.

24 months remaining , the original owner paid the 12 months. only 1400 miles when I took over.

@840 a month, I end up paying $20k

the buyout is $51k

if i buy it out at the end, I end up paying aprx $70k for a 90k car. I came out zero out of pocket.

a 2019 m4 comp, cerified with almost 15k miles is selling for above 70k

i don't see how i am paying more at the end of the entire process, considering the miles on the car.

I can also say it almost works out the same, with a few bucks plus or minus.

keep in mind the buyout is estimated that you will have 30k miles after the 36month lease. but if you end up with 15k miles at the end of the 36months, the buy out will still be based on 30k miles, but in reality you have a 15k mile car at that value.

[tbaig]

I also thought because of Covid prices would come down but it hasn't shaken out like that. I bought my used BSM '17 F80 ZCP a month and a half before COVID hit and still feel like I got a good deal. Inventory on the east coast is low and there are more factors than just the price being appealing.