Trade 2013 135i for 1M

[c1pher]

Here's one for under $40k
http://www.exclusiveautowholesale.ne...3/Details.aspx

I personally think the prices will continue to drop with the M2 becoming more available and 1Ms having more and more miles on them.

[digwm1]

oh wow what a price, if i were back on the market i'd probably try to work a price on this one to use as a daily

[champignon]

Originally Posted by MGM135is

Here's one for under $40k
http://www.exclusiveautowholesale.ne...3/Details.aspx

I personally think the prices will continue to drop with the M2 becoming more available and 1Ms having more and more miles on them.

Well it is only logical that the more miles a car has on it, the less it will sell for.

There are a lot of 1Ms out there that are considerably lower mileage than this car, not used as DD cars, and that are not amassing miles very quickly.

I don't think that the fact that the M2 is becoming more widely available is having any impact on 1M pricing. The 1M and M2 are not interchangeable cars.

[ayao]

Plus 3 owners and was in an accident.

[champignon]

Originally Posted by ayao

Plus 3 owners and was in an accident.

Carfax and Autocheck only give very basic information. Unless you are a long distance buyer who buys without inspecting the vehicle, then there are all sorts of things that can turn buyers off once they see the cars.

These include such things as the cosmetic condition of the body, condition of the leather, how the car drives, etc.

If this car were in terrific cosmetic condition (e.g. aways garaged, few if any paint imperfections, no sun or wear damage to the interior) plus drove well on a test drive, and could pass a PPI, I'd guess it would sell for up to $45K, given the mileage.

One car that no one here has seen, does not a trend make.

[c1pher]

This one is only $5k more with clean Carfax in MA
http://www.starmotorsales.com/detail...-14811328.html

[metblkbmw]

Thanks for all the feedback guys. Still haven't bought a 1m, but would like to.
Not looking for a steal but will keep my eyes open. If it happens I would love
it, but if it doesn't , I will accept that.

[CP 1///M]

At what mileage does this 1M justify an ask of 82K CDN? I still don't think they are worth anything north of 60K CDN but I have seen some crazy asks online. I don't quite get the market though - if it's a dealer, I would never pay for the asking, and my view is that they can have the car sit and rot at 82K CDN

[Roundown]

Originally Posted by Ne1man35

Yep, thats exactly my thought process. Some enthusiasts might see the last 135i's as special but some also see the first ones as special with the N54. Ultimately, I think no 135i's will ever be special enough to stand out and not depreciate as hard as other model 135i's (except the 135IS). By the time 2013's are as old as 2008's are now, they will depreciate just as much as 2008's have now. Nothing is going to stop a 2013 135i from depreciating esp when it has the same engine as the 235i (n55) But the 1M on the other hand is a whole different story.

I'd put my money on 6MT 128i being more special- long run- than a 135i.

[M5XDRIVE]

If your hearts telling you, go for it . Worst case, you spent a little more for a great car.

[champignon]

There are a lot of special cars out there, and the 1M is only one in a list. I just bought a 2003 Porsche 911 Turbo with 75,000 (now 76,000) miles on it. It has a stage 1 tune and I would not want to be in a 1M on a track vs. this animal I just bought . . . . 485 HP with the tune.

But I love my 1M and can't see ever selling it. This is just to say, there are lots of options out there if you want a spacial car. The 1M is special, but there are others, too.

[c1pher]

http://m.autotrader.com/cars-for-sal...ngId=457996397

[c1pher]

Another in the low 40s, right here in the forum too:
http://www.1addicts.com/forums/showthread.php?t=1333652

[champignon]

Originally Posted by MGM135is

Another in the low 40s, right here in the forum too:
http://www.1addicts.com/forums/showthread.php?t=1333652

It has 76,000 miles on it; what do you expect?

The $50,000+ number is generally applied to cars with less than 50,000 miles on them, as far as I have seen. As these cars age and rack up the miles, it is not surprising that the prices will drop. I guess it is possible that these cars will become like the air cooled Porsche 911's, that can get $50K plus even with 100K plus miles on the odometer. Could happen, but I would not hold my breath.

No one knows what any particular vehicle will get until it is put on the market and and real $$ get offered for it.

[kskpsu]

Originally Posted by MGM135is

Here's one for under $40k
http://www.exclusiveautowholesale.ne...3/Details.aspx

I personally think the prices will continue to drop with the M2 becoming more available and 1Ms having more and more miles on them.

Not sure I understand this arguement. M2 becoming more available over time will only emphasize the rarity of the 1M...not to mention, most publications have been favoring the 1M over it (M2 CS/GTS TBD). And as that narrative builds, usage of the 1M will slow and/or we will see non DDs materializing in the marketplace (see EAG) to amp resale.

[c1pher]

I would say the argument is that there was no entry level M car, at one point the 1M was it and there was talk that BMW wouldn't build a replacement. They have now. Yes people have personal preferences, but the bottom line is the M2 is the better car despite the steering feedback or lack thereof. Sure there will be some high priced 1Ms, but they will be like the Shelby you find in a barn with 500 miles on it. The rest of the 740 will most likely depreciate or be totaled out over time.

And do not mistake this opinion for hate of the 1M. I love the car. If the 1M can appreciate, that means my 135is could potentially appreciate in value due to its relative scarcity (despite being more easily replicated).

[c1pher]

Originally Posted by champignon

It has 76,000 miles on it; what do you expect?

The $50,000+ number is generally applied to cars with less than 50,000 miles on them, as far as I have seen. As these cars age and rack up the miles, it is not surprising that the prices will drop. I guess it is possible that these cars will become like the air cooled Porsche 911's, that can get $50K plus even with 100K plus miles on the odometer. Could happen, but I would not hold my breath.

No one knows what any particular vehicle will get until it is put on the market and and real $$ get offered for it.

I am merely posting options for the OP since I gathered cost was a concern. I'm not trying to make a point other than you can find 1Ms under $50k if you want to.

[champignon]

Originally Posted by MGM135is

I am merely posting options for the OP since I gathered cost was a concern. I'm not trying to make a point other than you can find 1Ms under $50k if you want to.

I think you can find 1Ms for $30K, if you are willing to buy a car with a salvage title.

The point that I have to make is that anyone who buys a car like this is foolish to believe that it is either an investment or a store of value. The cost of ownership is substantial, and anything you get back at the end should be regarded as a GIFT. If you want an investment, go buy income producing real estate, stocks, or bonds, do not buy a car.

All of that having been said, there are not that many 1Ms for sale at any given time, and basically all of them should be viewed as "1-off sales." How much money is realized will be the combination of how desperate the seller is to sell, and how desperate the buyer is to buy. If you came by my house and knocked on my door and offered me $60,000 for my 1M, I would laugh in your face and slam the door. That $60K is probably more than my car is worth, however I have no interest in selling it, to you or to anyone else. If you offered me $100,000, then I would give the offer serious consideration, however I would not make a decision right then, I'd sleep on it.

Of course there are people who own a 1M, who might have an unstable job or be in the throes of a divorce, who would think differently and they might jump up and down if you offered them $45,000, maybe even $40K. But you just can't count on anything when there are so few of these out there, so few of them for sale at any one point in time, and what seems to be continued demand for them.