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      03-19-2013, 02:21 AM   #1
Luca335
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1M market value

Just did a search in Autotrader, there are about 16 for sale in US, one in Canada and the lowest is 59K:

http://www.autotrader.com/cars-for-s...rch=true&Log=0
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      03-19-2013, 03:36 AM   #2
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very nice 411
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      03-19-2013, 09:05 AM   #3
lcrain
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Not sure if this is really representative of the 1M "market value." Obviously the seller can ask whatever they want but the true market value will be determined by the price these cars eventually sell for. I would be surprised if any of them sell for the sellers asking price. I bought mine over a year ago for less, with less miles than most listed.

FWIW, I went by the VW dealership selling the VO in Dallas and they are asking $57.5k.
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      03-19-2013, 09:11 AM   #4
KennyPowers
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Agree with icrain on this one. Pricing seems to be inflated, looks like these cars aren't selling at those prices.
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      03-19-2013, 09:34 AM   #5
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Yes 1M's price stays at top since its discontinue. though its hard to sell it here since not all people here wanted to drive manual for a car cost around 110k ...

price drop is only about 5-8% here..

only 50 available in indonesia.
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      03-19-2013, 09:39 AM   #6
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I've been continuing to look and KennyPowers and Icrain are both correct. Those cars are not selling at those prices. Most have been there for some time. Patience will get you a fully loaded 1M for around 51-52
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      03-19-2013, 05:25 PM   #7
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thats for asking prices, I just looked at the black book value, 40000$... don't be surprised at what the dealer is willing to give you....
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      03-19-2013, 05:59 PM   #8
Rikx1M
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Checked USA Kelley blue book availability

It shows 10 cars, cheapest is $58.9k and most expensive was $67.5k... 6 were VO, 3 were AW and 1 was BSM.

I also priced my car for a value as in a private sale and it says $51k for fair condition up to $58k for excellent condition

Food for thought that value is so high and is actually near dealer asking prices.

Trade-in values were $47.3k-$54.7k
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      03-19-2013, 06:47 PM   #9
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Quote:
Originally Posted by Rikx1M View Post
It shows 10 cars, cheapest is $58.9k and most expensive was $67.5k... 6 were VO, 3 were AW and 1 was BSM.

I also priced my car for a value as in a private sale and it says $51k for fair condition up to $58k for excellent condition

Food for thought that value is so high and is actually near dealer asking prices.

Trade-in values were $47.3k-$54.7k
always bet on Black!
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      03-19-2013, 09:30 PM   #10
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+1

Also, be weary of some of the 1M's listed by a handful of BMW dealerships for the low to mid $60's (on AutoTrader). A handful of those are former Driving Academy cars.
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      03-19-2013, 10:09 PM   #11
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Quote:
Originally Posted by GreenLantern View Post
+1

Also, be weary of some of the 1M's listed by a handful of BMW dealerships for the low to mid $60's (on AutoTrader). A handful of those are former Driving Academy cars.
wea·ry
[weer-ee]
adjective
1.
physically or mentally exhausted by hard work, exertion, strain, etc.; fatigued; tired: weary eyes; a weary brain.
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      03-19-2013, 10:16 PM   #12
GreenLantern
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Haha, thanks. I guess I'm weary and it's impacting my word choice.
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      03-19-2013, 10:46 PM   #13
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Quote:
Originally Posted by Nugget View Post
wea·ry
[weer-ee]
adjective
1.
physically or mentally exhausted by hard work, exertion, strain, etc.; fatigued; tired: weary eyes; a weary brain.
Name:  Wary.jpg
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      03-19-2013, 11:55 PM   #14
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Yes, yes, wary. I'm so thankful we have English teachers here to set me straight. :P

Heh, no, seriously, I do appreciate it.

I've been weary all week. (And yes, it's only day 2.)
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      03-20-2013, 08:59 AM   #15
Derek8819
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I traded mine in for 48k, stripper with 14500miles.
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      03-20-2013, 09:36 AM   #16
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Let's approach the issue from a different angle to get a better understanding.

If the 1M is not put up for sale:
  • determining the 1M value is only relevant for the insurer;
  • the 1M is apparently a keeper, and, hence, precious for the owner.
Prices quoted for 1M cars put up for sale, should actually not be the only reference point to determine the 1M resale value. The fact that relatively few 1M cars are put up for sale should, as some tell-tale sign, also be part of the equation (and no, I do not ignore 'supply and demand' principles for determining market prices).

Give this out of the box thought a chance too.
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      03-20-2013, 11:47 AM   #17
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You VO guys need to hurry up and sell me your 1M for cheap. I would love love love to add this car to my E92 M3. THat'd be amazing.
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      03-20-2013, 02:26 PM   #18
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The VO that was being sold by the Hatcher Foundation on eBay (ex PDC) was only bid up to $46.3k this morning. The ones for $60k d
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      03-20-2013, 02:35 PM   #19
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The ones for $60+ don't sell. Even the dealer with the Dinan modded 1M has reduced the price to $59.8k and it too isn't going anywhere. The PDC cars on autotrader are overvalued.
It doesn't matter how rare these cars are, if there's no-one willing to buy at a sellers price, then values are off

Buyers set the market value, the rest is just academic.
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      03-20-2013, 09:00 PM   #20
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only cash buyers at these prices as no banks will finance $60k for a 1 series. Trade in values are high $40's, dealer auction prices were mid $50's when those BMW driver cars hit the market.
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      03-20-2013, 10:05 PM   #21
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1M is holding its value very well
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      03-20-2013, 10:56 PM   #22
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Quote:
Originally Posted by GreenLantern View Post
Yes, yes, wary. I'm so thankful we have English teachers here to set me straight. :P

Heh, no, seriously, I do appreciate it.

I've been weary all week. (And yes, it's only day 2.)
haha good to see you taking it well, don't know why I was feeling so passive aggressive when I posted that.
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