Discussion in 'General Discussion' started by Sunrisem3, May 11, 2019.
Investment or to enjoy ?
To enjoy but if you can enjoy and retain the asset value, that doubles the enjoyment, is the 1m not as special anymore now the m2 is here?
What do you think bob?
The 1M did sell in quite limited numbers, so I believe it will always hold its money, It did enjoy some proper appreciation some 8 months ago, but like all cars, they have felt the Brexit spell. Think the asking price is about right given the relatively low miles, but I also think miles is key to this cars value going forward.
For this kind of money, the only BMW that makes sense to me is a CSL, as I would not want to shell out 40+k on a 1 series, even if it has 4 exhaust pipes !!
These won’t depreciate any futher more.
Enjoyable future classic I’m sure..
Im pretty positive only 400 units came to the uk, that alone (to me) means long term the M2s wont be as ‘special’.
I would have one in a heart beat.
These were 40k new so have spiked and have crept down a but now, i am gonna make a bid of 40k for the car and see if they bite, thanks for the input guys,
E46 m3 csl, is a dream,
The more miles you put on it, the less value it has. Do you want to drive it, or look at it ?
Max 1k per year, i really am in 2 minds, 46k was what we paid for a v10 manual r8 coupe, with 26k miles, i have had a sleep on it and i think i am going to leave it, thanks for the thoughts, i just cant get my head around the fact that it is seling for above list price, yes it was rare but bmw uk wil prob only sell 500 manual m2's also... ah first worl problems we are very blessed.
1m and m2 although very similar are very different ownership propositions.
I had a 1m for 18 months or so and it is superb car to drive. I think the price is decent. They were (or are) very sensitive to mileage and options as there’s nothing else to distinguish them. As time passes they will be more sensitive to condition.
I would say go and drive it I think you’ll enjoy it.
Crikey that’s what I paid new for mine in 2011, scary!
Seems ball park for what’s around at the minute, I was never a VO fan and I don’t think it’s aged well though. Mine was black and looked like Darth Vader’s helmet and I think white looked good too, just my personal taste though.
Yeah that's a good price I think. My mate recently traded his in for 37k with 50-60 thousand miles.
I’ve watched these over the years and to me prices seem to be falling off a bit now , the real low mileage ones will retain some value , the never driven will appreciate and the ones drove a lot will depreciate more
Nail on the head
That’s the crazy thing with prices for cars like the 1M and CSL, the alternatives you can buy for the same price.
I’ve not owned a 1M, but having experienced the CSL and the R8 there’s no question which one my money would be going on. The BMWs are rare, and good ones are a joy to own, but the V10 R8 is simply another league. Just makes the values seem completely skewed, but I guess it’s down to supply and demand and if we all thought the same it would be a boring old world.
I can’t see you losing much more than maybe £5k on the 1M over a few years if you keep the milesge sensible, which really is nothing in the scheme of normal car ownership. I’d do it if you like the car, but at the same time don’t rule out the M2 comp for not a lot more ££, had a play in one yesterday and it’s a bit of a handful to say the least.
They have been coming down a bit, but i guess which car hasnt been recently
Is a 1m, worth twice as much as a e9* gen m3 manual, ? I dnt think so, i have a e90 m3 lci manual, prob 1 of 50 in uk, worth 20k is the 1m worth double? Thats ny dilemma......... more people want them i guess
Issue is there are other e9* m3s
I totally agree with you. It isn’t worth twice as much
But it is .....because there are only finite 1ms. No other variant model type.
Just a 1m
That is where the value is and mileage becomes and will become more of a value determining factor.
Availability is what helps the 1m and respectfully hinders your ( great ) car.
Supply and demand.
I’m not sure it’s even that more people want them, more to do with production numbers and availability.
1M and CSL were both very low in production numbers, and that’s before you consider the number of cars exported, stolen, written off etc. Compared to the E9x they’re like hens teeth, hence the price if you want to buy one.
There’s a ton of E9x’s for sale, you can literally take your pick and buyers know it hence the price. But if you put production numbers and rarity aside and just look at the cars themselves you can’t argue one being worth double the price of the other.
Very valid points chaps, my view is that the 1m was special and still is, but as bmw made the m2, it has become less special, its like when everyone bought the 911r then porsche realised that they were leaving money on the table and made the 991.2 gt3 available with a manual, i think we may see the 1m settle in the 30 to 40 k area down from the 50k area, so prob would not lose much on the buy, if anyone is intrested in the car, let me knw and i can fwd details..
Look at some of the other classics that’s around at the moment. Classic fords for example, some are commanding a lot more than the £46k for the r8
Its not worth x2 as much as an E92 but as already mentioned it’s a rare car in the uk.
Over 6000 produced worldwide and 450 in the uk?
Looks much better in person and the stance is mean...some moan about the bland interior bits but it’s not that type of car.