Just Me or 1M Prices Going Up

[M3 Adjuster]

Originally Posted by Fahrvergnügen

I still haven't seen you around the Dallas area. Do you ever drive up to Plano/Frisco area? Classic BMW said they've only ever seen one other 1M (a black one) which I assumed was yours.

Yes. I've taken mine to classic for regular service. Now that the warranty is up I'm not sure where to go but I did go to autoscope in Dallas on Denton drive recently and they were good.

I've moved to Irving area so BMW of Dallas is closest now ( not feeling the love from them so far ) and the new Sewell of Grapevine is coming soon ..

I still attend many chapter events. The chapter tours are absolutely fun. Not sure how much I will Autocross this year with work and home projects. I plan to get some HPDE in this year and the Autocross schedule interferes.

Plano/Frisco isn't that far but I need a reason to go there .. lol

[MMM PWR]

This one reads like a 135 with auto and moonroof then you realize..

http://www.1mcoupebuyersguide.com/li...ListingID=6141

[MMM PWR]

New one

http://www.kijiji.ca/v-cars-trucks/m...ationFlag=true

[Luca335]

Originally Posted by MMM PWR

New one

http://www.kijiji.ca/v-cars-trucks/m...ationFlag=true

Someone already checked this one out, apparently it had a $10k accident claim on it.

[arvinz]

Originally Posted by Luca335

Someone already checked this one out, apparently it had a $10k accident claim on it.

And with only 3184km on it? A shame...

PFAFF isn't far from me...I can check it out if anyone wants.

[Nkc]

Originally Posted by Luca335

Someone already checked this one out, apparently it had a $10k accident claim on it.

Someone suggested that a $700cdn claim warrants a $10k discount on the 1M. I assume a $10k claim is easily a $100k discount. I'm gonna call them to see if they'll give me the car and cash on top to cover their claim. With the low mileage, I'm willing to just take the car for free.

[Steven135i]

The bmw 1M from what i read has been going up in value every year from 5k-10k as because there was very few made. fairly true because i looked at prices in 2011 to now.

[Amnizu]

Originally Posted by Steven135i

The bmw 1M im hearing will be going up in value every year im hearing from 5k-10k as because there was very few made.

You're hearing, people are telling you, trust you we'll see? Donald, get off 1 addicts and back to running the country!

[hot-j]

Originally Posted by Amnizu

You're hearing, people are telling you, trust you we'll see? Donald, get off 1 addicts and back to running the country!

LMAO...

[Steven135i]

Originally Posted by Amnizu

You're hearing, people are telling you, trust you we'll see? Donald, get off 1 addicts and back to running the country!

at least im not ugly like you....

[StreetCredShifter]

Originally Posted by Steven135i

The bmw 1M from what i read has been going up in value every year from 5k-10k as because there was very few made. fairly true because i looked at prices in 2011 to now.

Where is this true for owners of this car? I read this all the time on forums and hear it from reviewers on YouTube.

Most original owners paid close to $55K if they were lucky to get the car at MSRP. Some had to pay a premium of $2K to $10K to get a car new. These numbers assume some options were added to the base car. That puts the range at $55K-$65K. Cars listed for sale now fall in the range of high $40K for high mileage cars to to mid $60K for low mileage cars. I know some are asking for more, but they are not selling. That means that if an original owner sold now he would at best break even and that does not include insurance and gas expenses and any expenses incurred once the car came off free maintenance and warranty.

To me, that means the car holds it value relatively well due to the scarcity of the car. Any real rise, like E30 M3, may take decades to materialize, if at all.

Because of this myth that the car is appreciating $5-$10K a year, some owners of the car have stopped driving them. To me, the real winner is the original owner who got his car at MSRP (assume $55k) in 2011, enjoyed driving the car and put on 40,000 - 60,000 miles, never read a forum or saw a YouTube video promoting the hype that this is an appreciating asset, and traded the car in six years late and was expecting the usual 40%-60% depreciation hit, but to his surprise was offered $45K for his trade in. That is only a hit of $10K over 5/6 years and he enjoyed the car. He is the winner.

[champignon]

Originally Posted by StreetCredShifter

Where is this true for owners of this car? I read this all the time on forums and hear it from reviewers on YouTube.

Most original owners paid close to $55K if they were lucky to get the car at MSRP. Some had to pay a premium of $2K to $10K to get a car new. These numbers assume some options were added to the base car. That puts the range at $55K-$65K. Cars listed for sale now fall in the range of high $40K for high mileage cars to to mid $60K for low mileage cars. I know some are asking for more, but they are not selling. That means that if an original owner sold now he would at best break even and that does not include insurance and gas expenses and any expenses incurred once the car came off free maintenance and warranty.

To me, that means the car holds it value relatively well due to the scarcity of the car. Any real rise, like E30 M3, may take decades to materialize, if at all.

Because of this myth that the car is appreciating $5-$10K a year, some owners of the car have stopped driving them. To me, the real winner is the original owner who got his car at MSRP (assume $55k) in 2011, enjoyed driving the car and put on 40,000 - 60,000 miles, never read a forum or saw a YouTube video promoting the hype that this is an appreciating asset, and traded the car in six years late and was expecting the usual 40%-60% depreciation hit, but to his surprise was offered $45K for his trade in. That is only a hit of $10K over 5/6 years and he enjoyed the car. He is the winner.

Anyone who buys a car with the expectation that it is an appreciating asset is a fool. That being said, other than original owners, very few people will be owning 1Ms going forward and using them as daily drivers. For one thing, the cars are 5 years old and off mfr warranty now, and as cars get older things break down, and maintenance cost increases. Reliability can also be a factor. There is also a strong disincentive to racking up the miles, because any so-called collectible car becomes less desirable after maybe 50-60K miles are racked up, and become hard to sell once the odo hits the high 90's.

Using the Z3M Coupe market as a guide, as a somewhat similar situation with around 3000 coupes made for the USA up until 2002, first owners racked up the miles and when the cars turned over they feel into the hands of people using them as fair weather weekend vehicles, 2nd, 3rd, or 4th cars. So the cars tended to put on the first 20-50K miles quickly, then often stalled out at a few thousand miles per year thereafter. Because they sold more than 4X as many Z3M Coupes as 1Ms, plus the Z3M is more of a niche vehicle, the Z3M has "only" retained about 50-60% of its original MSRP in un-adjusted US$, whereas the 1M has done better. An exception would be the later S54 engine version of the Z3M Coupe sold at the end of its model run, but even those rare cars generally sell for less than their original MSRP in unadjusted dollars.

One other sorting factor with the Z3 vehicles is how many owners they accumulate over time, with single and 2 owner cars being potentially more desirable than the cars that rack up the owners as quickly as they rack up the miles. This can be misleading, however, in that some cars that go through multiple owners are "lucky," with each one fixing all the problems that crop up, whereas even a single owner Z3M can be neglected. In my own case the single owner Z3M car I bought had become a seldom used garage queen for the last few years before I bought it. As a result, I have needed to plunk down thousands of dollars to replace the clutch and shift pins, the entire windshield washer system front and rear, a battery, etc.

Maybe the 1M will retain its original MSRP in unadjusted US$ over time, but once carrying costs are factored in, you would be way better off putting your money into financial securities or investment real estate :-)

[CarJunkie]

I will drive my car every day that weather permits until it becomes such a maintenance nightmare that I want to ram it into a tree. Then I will sell it for whatever I can get. At 8-9k miles per year, I think I have at least an awesome decade to enjoy the car, hence the recent trip down modding lane. The value of the car relative to what I paid for it (5k over MRSP + 8.3% WA state sales tax) only comes to mind when I read threads like this, NEVER when I am behind the wheel driving it like I stole it. The longer I own it, the less it matters.

[champignon]

Originally Posted by CarJunkie

I will drive my car every day that weather permits until it becomes such a maintenance nightmare that I want to ram it into a tree. Then I will sell it for whatever I can get. At 8-9k miles per year, I think I have at least an awesome decade to enjoy the car, hence the recent trip down modding lane. The value of the car relative to what I paid for it (5k over MRSP + 8.3% WA state sales tax) only comes to mind when I read threads like this, NEVER when I am behind the wheel driving it like I stole it. The longer I own it, the less it matters.

What you are doing makes perfect sense, and I take vicarious pleasure in the car as you rack up the miles :-)

You are an original owner, or so it appears. I wonder how many people who have bought these cars at high prices in the second hand market will do so? I doubt very many will. I could certainly afford to do what you are doing, just I have so many other cars and I just don't drive that much, it would be impossible from a practical standpoint :-)

[CarJunkie]

Originally Posted by champignon

You are an original owner, or so it appears.

That is correct.

And, if you are ever driving to the coast via I-84, let me know. . . we could meet up for coffee.

[champignon]

Originally Posted by CarJunkie

That is correct.

And, if you are ever driving to the coast via I-84, let me know. . . we could meet up for coffee.

I worked for a few weeks in a new urgent car facility in Pasco, back in the stone age. I will always remember the chain-smoking, emphysematous nurse, Phyllis, with whom I spent hours cracking inappropriate jokes. At the time, the hospitals in each of the Tri-Cities were trying to steal patients from each other by building facilities in the other towns. They paid me an insane amount of money (for what I did) to sit around and crack jokes with this nurse. We had almost no patients, every day one or two would walk in, usually with something not requiring much care.

Unfortunately, my experience has been that when people pay me way too much for what I do, it never lasts :-)

[BimmerMat135]

This is the Canadian market at the moment, for the record, my 1M cost me 59300$ back in 2011 and the only option I don't have is navigation.

[1mm2]

Originally Posted by BimmerMat135

This is the Canadian market at the moment, for the record, my 1M cost me 59300$ back in 2011 and the only option I don't have is navigation.

Similar situation here.

Looks like Canada has adjusted for the USD differential...

[BimmerMat135]

Originally Posted by vocan

Similar situation here.

Looks like Canada has adjusted for the USD differential...

Could be, but I think it will end up being a permanent situation. Can't wait till it reach the 6 figures.

[vasmir]

Originally Posted by BimmerMat135

...Can't wait till it reach the 6 figures.

qft

[1mm2]

Originally Posted by BimmerMat135

Could be, but I think it will end up being a permanent situation. Can't wait till it reach the 6 figures.

Never say never...

http://enthusiastauto.com/qsearch/?i...orm_display=51