Should I buy M4 with 56K miles vs 22K miles?

[macdemarcowerks]

Looking to get a used BMW M4 competition right now.

2016 comp 56k miles, $46K. First oil change at 10K and followed up every year, this one looks like it had a cold air intake from the engine bay. 1 owner

2017 Comp, 22K miles, $57K. First oil change at 9K and followed up every year. However on carfax it says BMW had it CPO before it sold it to the second owner which indicated that it actually did have the oil change at 1200 (??). Two owners but it seems like a dealership bought it as it has only gone up 1000 miles.

Objective: The delta is around $11K, part of me doesn't want to have to worry about the 56K miles as I want to drive my car hard. But I also know that 56K-100K could still be reliable but I still want a car I know I can beat on without worries or take it to trips without thinking about mileage. I plan to sell this car in a few years. I feel like I could resale better with the 2017 comp.

Is the 2017 too much? How much would these cars be last year or pre-covid? Do you guys think car prices would go back to normal and if so, when? What if it never goes back to normal and this becomes the baseline? Everything such as stocks, housing has been going up and I don't see it coming back down.

Feel free to correct any of my thinking. Would love to hear your guy's thoughts.

[Ervin87]

Cars are inflated now and more than likely will stay this way through rest of the year. If you can wait, I would recommend that.

Just because CARFAX doesn't show the 1200 mile service, doesn't mean it wasn't done. More than likely both cars had it.

[evoix]

Those are high prices when compared to last year. If you can wait then wait. But if not I would stay away from any cars that didn’t have the 1200 mile oil change. Dealers have been using that as a way to void any warranty claims.

Just gotta wait it out and see where the market goes. If you buy now and prices drop be prepared to hold onto that car for a while. Bc the loss in value might be significant. My 2018 f80 comp 30k miles buyout was 46.5k. This same car is selling for 58-60k. Prices are inflated right now and if the market corrects itself then it could be bad for those who overpaid.

All depends on your situation.

[Nativetexan]

Prices are definitely elevated but IMO they'll go down only slightly in the next year or so. This elevated inflation I think is has set a new "pricing level" for everything.

Personally I would always buy the newest and least mileage car my budget would allow.

And I would look for vehicles for sale now that match the age and mileage of what I think my car will be when I sell it. The price difference there seems more manageable to me in helping determine my "budget."

[jlee403]

If you're getting a 6 speed lower miles. Never trust anyone else with your clutch lol. Otherwise weigh your options... 10k worth 1.5 years of driving? Assuming you're driving ~20k/year.

[Sahbatage]

I knew prices are high right now but damn, I love my car but even I'm considering selling at this point.

[N1rve]

Would not buy a used car right now. Market prices are crazy, might as well buy something new.

[NickyC]

As ugly as the new G8x cars are and as much I hate them, I can’t fault anyone for going that route considering insane used car values. In fact, I think it’s the better move and I’ve always been anti-new considering the dump values take the first two years. The game has changed.

[xc17pilot]

It does really come down to personal choice as others have mentioned. I sold a used Porsche Cayman S in this crazy used car market, got more than I thought it would go for, and turned around and purchased a mint '18 M4 Comp with 21k miles off-lease with good maintenance records last month. Paid $58k, but it was all relative. I had watched the market go up from ~$55k to now around $60k for similarly equipped M4s.

[evoix]

Originally Posted by NickyC

As ugly as the new G8x cars are and as much I hate them, I can’t fault anyone for going that route considering insane used car values. In fact, I think it’s the better move and I’ve always been anti-new considering the dump values take the first two years. The game has changed.

That’s the truth. A new stripped down g80 is not too much more than a low mileage individual color f80.

[macdemarcowerks]

Is there a site that shows the history of what BMW M4's went for? Or any cars in general?

[jpy1980]

Originally Posted by xc17pilot

It does really come down to personal choice as others have mentioned. I sold a used Porsche Cayman S in this crazy used car market, got more than I thought it would go for, and turned around and purchased a mint '18 M4 Comp with 21k miles off-lease with good maintenance records last month. Paid $58k, but it was all relative. I had watched the market go up from ~$55k to now around $60k for similarly equipped M4s.

Quick Q on your car sale. Did you end up selling it on an auction site thus you getting more than you thought it would? Or did someone just offer you a lot more than your list price up front?

[xc17pilot]

Originally Posted by jpy1980

Quick Q on your car sale. Did you end up selling it on an auction site thus you getting more than you thought it would? Or did someone just offer you a lot more than your list price up front?

I had multiple full price offers and had expected to negotiate down off my asking price which didn’t need to happen in the current market.