Why are people selling their 1ms?

[C.junior]

     Featured on BIMMERPOST.com

Just want to see why some ppl are getting rid of the 1m?

[SGJB135i]

to make profit ! lol these are high demand, people buy for around 44-48k, drive it for about 10k miles, then sell it for 65ish, but dont get me wrong, if i had the money, i would still buy for 65k!

[Les Grossman]

I don't know but I'm glad they are. Otherwise I wouldn't have just bought one!

[Trischnitz]

Me 2! VO 1M (the infamous $40k markup car). I only paid $10k over though, what a deal!

[Mahlzeit]

Congrats on the pick up guys. Keep the shiny side up!

[Artemis]

They do that to be able to elegantly answer the following question during future job interviews:
"Please give us an example of an error of judgement you made in your personal life in the past, which you now dearly regret.".

[Robin_NL]

...because the groceries/mother-in-law etc. won't fit most of the time?

Cheers
Robin

[ozinaldo]

Because there have been a few incidents of cracking charge pipe which ruined the image of this car. Also, it is not as fast as the sissy-mobil TT-RS.

Interesting thread anyway.

[Artemis]

Originally Posted by ozinaldo

Interesting thread anyway.

[TunedM2C]

I'm building a house and could use the extra cash.

[1mmaniac]

Originally Posted by Trischnitz

Me 2! VO 1M (the infamous $40k markup car). I only paid $10k over though, what a deal!

tripple that for the MRSP overhere

[octainejunkee]

In the UK, the 1M's cost between £40-£45k new and now sell for £30-£37k so uk owners are selling for their own reasons,
Personally I love my 1M but if i didnt run my own car dealership i'd have sold mine so i could experience all the other great cars out there, like the,
Porsche 996 Gt3, 997turbo, RS6 avant, e46 csl, Maserati GranTurismo, Ferrari 355, grtr35, Aston Martin Vantage,
To name a few that are all in the same 2nd hand price bracket that on their given day are a great alternative to the 1M.

[Dee Pee]

I think the better question is why aren't people selling them?

I guess the falling value in the UK can be attributed to some simple supply and demand.

UK: 450 cars per 62.7 million people. 1 per 140k.
US: 740 cars per 313.6 million people. 1 per 424k.

And then there's the reviews. I can only think of a couple reviewers who snubbed the car. Everyone else had a shit-eating grin on their face when they put their right foot down.

[Powerbeast]

Because people switch up cars

[hellrotm]

Originally Posted by Jetblack135

to make profit ! lol these are high demand, people buy for around 44-48k, drive it for about 10k miles, then sell it for 65ish, but dont get me wrong, if i had the money, i would still buy for 65k!

They are not selling for $65k, yes people have them listed for that. But they don't sell for that anymore.

Most recent 1M sold at BMW of Dallas, sold for $53k. Had just over 15k miles.

[Aussie_in_London]

Lowest price I can find in the UK is £34850 on a early 2011 which was on the market for 39k back then, mileage is in the 20k + miles and minimal options, BMW used car only has about 6 available with a July 2011 model with 7k on the clock going for 39K. There is a couple floating about with very low mileage, options up and in the 40k region.
Not many on the used market though!

So a 4.5k drop in value after 2 years is good going for the UK market.

[Robin_NL]

Originally Posted by Dee Pee

UK: 450 cars per 62.7 million people. 1 per 140k.
US: 740 cars per 313.6 million people. 1 per 424k.

AFAIK are atm 37 registered (with licenceplates) 1Ms in the Netherlands.(?)

8 of them are AW including mine.

NL: 37 cars per 16.8 million people: 1 per 454,000 people.


But the car sold new in NL for €79,500,- fully loaded. A way too high price tbh.
One of the reasons I bought it second hand.

Cheers
Robin

[b33g33]

Originally Posted by Artemis

They do that to be able to elegantly answer the following question during future job interviews:
"Please give us an example of an error of judgement you made in your personal life in the past, which you now dearly regret.".

[1mmaniac]

Originally Posted by Robin_NL

AFAIK are atm 37 registered (with licenceplates) 1Ms in the Netherlands.(?)

8 of them are AW including mine.

NL: 37 cars per 16.8 million people: 1 per 454,000 people.


But the car sold new in NL for €79,500,- fully loaded. A way too high price tbh.
One of the reasons I bought it second hand.

Cheers
Robin

Robin, is that info up-to-date? And where can you check that? I've always been wondering.

By the end of next week it must be 38 then 1 on 442k ppl.

Sjors

[T1T2GRE]

You'll have to pry mine out of my cold dead hands...or, rather, pry my cold dead hands from the wheel.

[cheshirecat79]

I think the more obvious answer would be the introduction of the 2m.

Right now, the 1m maintains exclusivity in a very small, niche market. If you want to be a part of it, you need to find one and pay top dollar.

The 2m may not be as good of a car, but it will be flooding the market very, very soon. I would not be surprised to see the resale value of the 1m take a hit depending on the quality of the 2m once it gets into reviewers' hands.

[Dee Pee]

The M2 better be a superior car but we won't know until 2015 or so. I'm putting a deposit down soon. Will the 1M resale go down? I'm not sure. The consensus of a lot of owners is that it's a keeper. I'll never sell mine. Its rarity will help maintain its premium price. I also think that history will reserve a special place for this little beastie since it marks a point where the M division's philosophy changes to an emphasis on turbochargers and lighter weight. Regardless BMW has to note the huge demand for a true drivers car and will surely capitalize on it with the M2. I betcha it'll have more HP and torque which will sell me on it for sure. Gotta love it when your rear tires wear twice as fast as your fronts!