1M fair price?

[ASAP]

Originally Posted by Maximus_Prime

Depends on who you ask.

People waiting in the wings to buy a 1M: "IMHO nobody [read-"me"] is willing to pay more than $10k for anything that is not a pristine barely-driven 1M that came from the factory painted Java Green and also happened to fall in the small batch produced with the 'free navigation' option. If it has above 500 miles it should just be given away free."

People who own a 1M: "I would only trade my daily-driven 50k mile rock-chipped Cobb-tuned 1M for a perfectly running bone stock Ferrari F40 LM... or one of the Le Mans winning Ford GT40s in Gulf Livery. Otherwise get off my lawn!"

hahaha that is awesome...

[mattm]

Originally Posted by IEDEI

hey did any of you guys buy an extended warranty or just winging it?

I extended the power train to 100k. Did it as a monthly plan. I think my last payment is next month. I think it was $2,600 to extend.

[M3 Adjuster]

Originally Posted by ASAP

hahaha that is awesome...

[woojae2001]

Originally Posted by mattm

I extended the power train to 100k. Did it as a monthly plan. I think my last payment is next month. I think it was $2,600 to extend.

I have extended warranty and maintenance coverage on mechanical, such as clutch, brakes, etc.

I intend to keep mine forever. The ONLY thing that makes me wish I could sell it is the Alfa 4C...I really want one... but I would never sell the 1M - the only way I'd sell the 1M is if the dealer gives me the 4C Launch Edition at even exchange for my 1M, which I would just sell for massive mark-up profit and then buy another 1M with lower miles + a decent E30 M3 or an E39 M5. LOL

[EldRick]

Originally Posted by bdaddylo

So are you going to drive it or make it a garage queen?

It's my only car, and even after only a couple hundred miles, I have little interest in driving anything else. Apparently it was a garage queen, owned by a collector in Seattle.

Looking for winter wheels and tires today. Thinking about going with 18" wheels next summer, but $604 for a full set of Pirelli P Zero Silver Blackwall (2011 production at the Tire Rack) is such a steal that I may stay with the 19" OEM. That's less than half the price of a set of PS2's, without considering the cost of new wheels.

I'm considering a set of these for winter wheels: http://www.1addicts.com/forums/showthread.php?t=1003422 but I'm not clear on the appropriate offset. Anyone know the OEM F&R offsets? And with a narrower wheel, should the offset increase or decrease?

[IEDEI]

Originally Posted by EldRick

It's my only car, and even after only a couple hundred miles, I have little interest in driving anything else. Apparently it was a garage queen, owned by a collector in Seattle.

Looking for winter wheels and tires today. Thinking about going with 18" wheels next summer, but $604 for a full set of Pirelli P Zero Silver Blackwall (2011 production at the Tire Rack) is such a steal that I may stay with the 19" OEM. That's less than half the price of a set of PS2's, without considering the cost of new wheels.

I'm considering a set of these for winter wheels: http://www.1addicts.com/forums/showthread.php?t=1003422 but I'm not clear on the appropriate offset. Anyone know the OEM F&R offsets? And with a narrower wheel, should the offset increase or decrease?

well done man! you are going to love it!

[vasmir]

Originally Posted by Maximus_Prime

Depends on who you ask.

People waiting in the wings to buy a 1M: "IMHO nobody [read-"me"] is willing to pay more than $10k for anything that is not a pristine barely-driven 1M that came from the factory painted Java Green and also happened to fall in the small batch produced with the 'free navigation' option. If it has above 500 miles it should just be given away free."

People who own a 1M: "I would only trade my daily-driven 50k mile rock-chipped Cobb-tuned 1M for a perfectly running bone stock Ferrari F40 LM... or one of the Le Mans winning Ford GT40s in Gulf Livery. Otherwise get off my lawn!"

QFT

Never say never...

But never selling mine.

[l888apex]

My car is all original, all OEM, service records, etc.

BSM with Premium and Convenience Packages. Very clean car.

I will have it for sale in about 60 days and I was hoping to get mid-$50s. I think that is fair market value and BSM is the rarest color.

[Dackelone]

Originally Posted by l888apex

My car is all original, all OEM, service records, etc.

BSM with Premium and Convenience Packages. Very clean car.

I will have it for sale in about 60 days and I was hoping to get mid-$50s. I think that is fair market value and BSM is the rarest color.

Nooooo.... not you too! Why is everyone selling?

Maybe, I need to ask Max to make some larger 1:1 Minichamps models.


<jk>... GLWS buddy.

[EldRick]

Have a look on Autotrader - there are a couple of dozen M1s for sale. People betting on the side of the value appreciation ending?

[IEDEI]

Originally Posted by EldRick

Have a look on Autotrader - there are a couple of dozen M1s for sale. People betting on the side of the value appreciation ending?

nah...I've been watching the 1M market like an eagle for 2 years prior to purchasing one. At any given time there have always been between 15 and 25 for sale....prices were at the lowest I saw about a year ago....ticked up a tiny bit after the spring.

[nachob]

Originally Posted by mattm

I extended the power train to 100k. Did it as a monthly plan. I think my last payment is next month. I think it was $2,600 to extend.

That's pretty cool. I looked at extending on a used one and they were talking $5800 for 3 years more.

I think that definitely adds to the price as it opens the car up to those that have to take out a loan on the car. It's hard form many to take out a loan on a 55-60K car with no warranty. Especially high mileage cars where you are likely to run into fuel pump issues, window regulator problems, electric water pump, diff, clutch and possibly turbo issues during the loan period.

[Artemis]

Originally Posted by EldRick

Looking for winter wheels and tires today. Thinking about going with 18" wheels next summer, but $604 for a full set of Pirelli P Zero Silver Blackwall (2011 production at the Tire Rack) is such a steal that I may stay with the 19" OEM. That's less than half the price of a set of PS2's, without considering the cost of new wheels.
I'm considering a set of these for winter wheels: http://www.1addicts.com/forums/showthread.php?t=1003422 but I'm not clear on the appropriate offset. Anyone know the OEM F&R offsets? And with a narrower wheel, should the offset increase or decrease?

Check the winter tire thread: http://www.1addicts.com/forums/showthread.php?t=533397

My current winter tire set-up: Pirelli Winter 270 Sottozero Serie II (front: 245/35R19 93W XL | rear: 265/35R19 98W XL).

My future winter tire set-up: Michelin Pilot Alpin (front: 245/35R19 93W XL | rear: 265/35R19 98W XL) (this type of tire has been homologated by Porsche as standard (winter) tyre for the 911).

Generally speaking, 18" allows better driving than 19" as winter tyre size.

[NihonX]

I have no extended warranty but after owning a rare gem of a 135i, I was willing to take the risk. Although I did have a few random limp modes while 100% stock with <1000 miles on the clock I never had any other problems after that. My fuel pump never gave me any trouble even after I had reached over 60,000 miles on THAT car. The 1M has been grand just as well. I only went back stock once my clutch started wearing down from 50,000 miles of 400+ wtq hard acceleration and hard spankings. I plan on upgrading my clutch from here and then going full out into my own Project ///M.

Sorry for off topic, but I wouldn't let my 1M go for any price.

[QMaze]

for classic cars, average at which cars are being sold privately nationally = market value.

values more or less follow this rule.

140%(+) like new, museum
120% extremely well kept, 100% original or professionally restored with original parts 100% documented.
100% well kept, mostly original.
20% cannot be restored, donor's car.


Collector value of most 1ms are in the 120% zone. It's freaking 3 years old!!!. in 10-15years from now, 30k miles, or 10k miles will be irrelevant. they will be both low millage. (considering that the average collector puts less than 1k miles per year on cars).

Classic cars follow market rules and prices will vary over time.

This is from a collector's point of view, not a dealer or speculator.

[Rekraps01]

Originally Posted by EldRick

Another data point. I just bought an "as-new" 2011, with all options and 1300 miles on the clock, in Portland, OR. Paid $65K, original sticker $55K.

And I paid (for my second 1M) $60K, perfect machine, 16,000 miles. Worth every penny. Letting them go for less is money on the table....

[M3 Adjuster]

Originally Posted by IEDEI

nah...I've been watching the 1M market like an eagle for 2 years prior to purchasing one. At any given time there have always been between 15 and 25 for sale....prices were at the lowest I saw about a year ago....ticked up a tiny bit after the spring.

I imagine many are sky high prices with owners that really aren't prepared to sell.

For example, first 75k takes mine !
I don't expect any buyers. But if I place an ad like that it will be one of the 12-15 " for sale "

[Nkc]

Here's something fun we can all do. Let's all post our not intended for sale 1Ms for $100k.

[IEDEI]

Originally Posted by Nkc

Here's something fun we can all do. Let's all post our not intended for sale 1Ms for $100k.

i won't sell for anything less than $475k.

[DCYT]

Bmw Toronto has a CPO VO 1M for sale at $49900 with 42k miles.

So tempting!

[Dee Pee]

Originally Posted by EldRick

It's my only car, and even after only a couple hundred miles, I have little interest in driving anything else. Apparently it was a garage queen, owned by a collector in Seattle.

Looking for winter wheels and tires today. Thinking about going with 18" wheels next summer, but $604 for a full set of Pirelli P Zero Silver Blackwall (2011 production at the Tire Rack) is such a steal that I may stay with the 19" OEM. That's less than half the price of a set of PS2's, without considering the cost of new wheels.

I'm considering a set of these for winter wheels: http://www.1addicts.com/forums/showthread.php?t=1003422 but I'm not clear on the appropriate offset. Anyone know the OEM F&R offsets? And with a narrower wheel, should the offset increase or decrease?

After driving my 1M on the stock wheels through three Portland winters I can tell you that you won't need rain tires and you don't ever want to drive this thing in snow anyway. Just rent a Subaru if it snows or if they gravel the roads.

[IEDEI]

Originally Posted by Dee Pee

After driving my 1M on the stock wheels through three Portland winters I can tell you that you won't need rain tires and you don't ever want to drive this thing in snow anyway. Just rent a Subaru if it snows or if they gravel the roads.

the 1M should be fine in snow with the right tires......driving in snow is crazy fun so it's worth the effort to get a 2nd set of tires/wheels if one does get winter.