Right price for a used M4 GTS

[4play]

Originally Posted by FormulaMMM

Black sapphire in LA area back on Cars and dealer site https://www.cerritoslexus.com/invent...s9c56gk578747/

Looks to have had a boring life so far. Somebody get after it! Use 5 year old, original Cup 2s as bargaining chip.

Already pending sale. Wow.

I was offered $67.5k for trade-in value this week, even with my crazy high mileage.

[jpdchicago]

Originally Posted by 4play

Already pending sale. Wow.

I was offered $67.5k for trade-in value this week, even with my crazy high mileage.

Nothing under $86K right now and going up every week. Next year is M series 50th anniversary. We will see prices shoot up. Not a good time to sell now unless you are strapped for cash.
Enjoy your Gts!

[FormulaMMM]

Originally Posted by PolishM3

Tried to negotiate with them but because it's AutoNation they won't negotiate due to corporate policy and their "no haggle" program. Corporate office in Florida makes all pricing changes.

Carmax style. I've always wondered if no haggle really means no haggle. How far are you off asking?

Originally Posted by 4play

Already pending sale. Wow.

I was offered $67.5k for trade-in value this week, even with my crazy high mileage.

Was delisted a couple of days ago. Probably a deal that fell through. LA area, would be pretty surprised if it lasts long. Trying to recall, trade in offer is more than you paid, or about even?

[PolishM3]

Originally Posted by FormulaMMM

Carmax style. I've always wondered if no haggle really means no haggle. How far are you off asking?

Seems like retail based on BaT auctions should be around 80k. I'm in the process of finalizing a private sale with a forum member. Kicking myself for some of those steals on BaT in the past 12 months. If Flint_Rockbone is a member, I'm jealous of your buy last June!

[Lienrocs]

Originally Posted by 4play

Already pending sale. Wow.

I was offered $67.5k for trade-in value this week, even with my crazy high mileage.

What's crazy high mileage?

[FormulaMMM]

Originally Posted by PolishM3

Seems like retail based on BaT auctions should be around 80k. I'm in the process of finalizing a private sale with a forum member. Kicking myself for some of those steals on BaT in the past 12 months. If Flint_Rockbone is a member, I'm jealous of your buy last June!

Good luck on the forum purchase.

BaT 80k is 84-85k real cost. Dealers know it. Letting a good one go over 2-3k might lead to more kicking, especially if you think the GTS is a keeper.

[PolishM3]

Originally Posted by FormulaMMM

Good luck on the forum purchase.

BaT 80k is 84-85k real cost. Dealers know it. Letting a good one go over 2-3k might lead to more kicking, especially if you think the GTS is a keeper.

Yeah agreed. I'm happier buying from a Member than buying sometimes from a off-brand dealer. They really haven't done anything to earn the value. If it was through a BMW dealer that's one thing, but dealers who buy stuff at auction and wash it to put it on their used car lot with little-to-no work isn't.

[4play]

Originally Posted by FormulaMMM

Was delisted a couple of days ago. Probably a deal that fell through. LA area, would be pretty surprised if it lasts long. Trying to recall, trade in offer is more than you paid, or about even?

More - was looking at trading in for a 12C, but unsure about it due to the potentially catastrophic maintenance costs.

12C drives great though!

Originally Posted by Lienrocs

What's crazy high mileage?

40,009 miles as of this morning

[FormulaMMM]

Originally Posted by PolishM3

Yeah agreed. I'm happier buying from a Member than buying sometimes from a off-brand dealer. They really haven't done anything to earn the value. If it was through a BMW dealer that's one thing, but dealers who buy stuff at auction and wash it to put it on their used car lot with little-to-no work isn't.

Understand that sentiment. They're flipping them nowadays.

Bought mine 3 years ago this June. 700 miles, one owner. Actually the only time I've ever felt guilty negotiating. Independent dealer, working direct with the owner, good guy.

After a couple back and forth and momentum in my direction, said very credibly (at the time), "if you only knew the bath I'm taking on this one..."

Caught me off guard. "Alright, good enough then."

[FormulaMMM]

Originally Posted by 4play

More - was looking at trading in for a 12C, but unsure about it due to the potentially catastrophic maintenance costs.

12C drives great though!

Interesting! Those things are mega performance for the money these days.

[Studntloan]

Originally Posted by PolishM3

Tried to negotiate with them but because it's AutoNation they won't negotiate due to corporate policy and their "no haggle" program. Corporate office in Florida makes all pricing changes.

Recently tried buying a car through an automation dealership, super annoying.

[Studntloan]

Originally Posted by 4play

Already pending sale. Wow.

I was offered $67.5k for trade-in value this week, even with my crazy high mileage.

NVM I see it, wow more then me, I always thought I had the highest miles or close! ��

Dealership offered me 65k recently with 23k on it and a small fender bender...

Same dealership offered me 45k a year ago with 5k less miles. I think I can put another 10k on the car and sell for 75k in a year if I wanted to.

[rcompound]

GTS will go up 10% per year for the next couple of years. Why? Multiple reasons:

1. The vacuum effect. The new M4 will have a CS/GTS/GT4 or other "track" versions that will be $145k or so. That will create a vacuum for the previous halo car.
2. All of the totaled or exported GTS will reduce the available population available for sale.
3. We may see the final rotation out investor owners out of the car in the next 12 months after waiting 5 years for that amazing payoff. They will take the haircut and get out.
4. True BMW collectors will jump in to the market; They already have an M1, a 2002 Turbo, a E30 M3, a 328, etc and a M4 GTS has a spot in that collection.

I have lived this curve before with an e36 LTW. Deja Vu.

[4play]

Originally Posted by rcompound

I have lived this curve before with an e36 LTW. Deja Vu.

Same thing has happened with the E46 CSL and E92 GTS as well.

You forgot 1b - the G8X is heinous.

[TT1351]

@rcompound, +1 on the LTW, still have mine bought new in 1996, with less than 15K miles on it, I totally agree, just a waiting game on these!

[the_scotsman]

Originally Posted by rcompound

4. True BMW collectors will jump in to the market; They already have an M1, a 2002 Turbo, a E30 M3, a 328, etc and a M4 GTS has a spot in that collection.

I have lived this curve before with an e36 LTW. Deja Vu.

I'm not a collector, but I do have a GTS and 2 E30 M3s. One of the E30's is a Sport Evo and we all know the value history of that model!

[Flint Rockbone]

Originally Posted by PolishM3

Seems like retail based on BaT auctions should be around 80k. I'm in the process of finalizing a private sale with a forum member. Kicking myself for some of those steals on BaT in the past 12 months. If Flint_Rockbone is a member, I'm jealous of your buy last June!

[QUOTE=PolishM3;27301805]

Thanks. I feel like I got a great price on that car. I'm definitely planning to hang on to mine for the foreseeable future. These are amazing cars.

[jpdchicago]

[QUOTE=Flint Rockbone;27313869]

Originally Posted by PolishM3

Thanks. I feel like I got a great price on that car. I'm definitely planning to hang on to mine for the foreseeable future. These are amazing cars.

You sure did.
Out of 7 on cars.com, only one is under $90,000. And it is at almost $88,000.
Big increase in the last month or two...

[FormulaMMM]

[QUOTE=jpdchicago;27316657]

Originally Posted by Flint Rockbone

You sure did.
Out of 7 on cars.com, only one is under $90,000. And it is at almost $88,000.
Big increase in the last month or two...

And one of those has been "detuned."

Best buy in the country looks to be the black sapphire in LA.

[4play]

Wholesale prices continue to climb:

Date Price Miles Cond. Eng/T Color Region Auction
3/4/21 $82,500 2,891 - - 6CY/A Gray Midwest Milwaukee
3/3/21 $80,000 8,555 4.6 6GT/A Black Southwest Dallas

[jpdchicago]

Originally Posted by 4play

Wholesale prices continue to climb:

Date Price Miles Cond. Eng/T Color Region Auction
3/4/21 $82,500 2,891 - - 6CY/A Gray Midwest Milwaukee
3/3/21 $80,000 8,555 4.6 6GT/A Black Southwest Dallas

Around $90,000 at dealers?
That is what it looks like at a minimum considering what is available now on the main sites.
Checked Germany and France again. Everything over $150,000 now.
Taking mine out of the garage now after a long winter. Time to drive it!

[4play]

Originally Posted by jpdchicago

Around $90,000 at dealers?
That is what it looks like at a minimum considering what is available now on the main sites.
Checked Germany and France again. Everything over $150,000 now.
Taking mine out of the garage now after a long winter. Time to drive it!

The 8500 mile car is listed at $91,995 at Perfect Auto Collection in Ohio.

Cheapest car in the EU is 120k EUR = $143k USD.

Spring is always a good time for sporty car prices, but good appreciation YoY for sure.