BMW 1M - Considering Selling

"rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S" (rb1971) 04/10/2014 at 12:23 • Filed to: None

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Since I've gotten my newest car, I haven't driven my BMW 1M at all. And since I live in SF, I'm paying a pretty penny to garage it. So therefore I am considering selling it. It's a great car, but it just doesn't get used any more (not that I've driven it very much at all).

It's in perfect condition with under 5k miles, never tracked or raced. KBB says the value is just north of $60k for a private party sale (I had expected more like $65k but it's in the ballpark).

What say you oppo - sell or keep? (Mine is on the left.)

ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:24

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I'll give you $5 for it.

I can only see those gaining value, so if you can keep it a while longer I would be surprised if you can't get more than your $65k for it.

That is on my list of cars to buy should I win the lottery; the 1M and a Balboni Gallardo.

Arch Duke Maxyenko, Shit Talk Extraordinaire > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:26

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I'll trade you an E36 with a new clutch and throw on an extra Tree-Fiddy?

Saracen > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:27

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You're just trying to make space for the new car on your kinja name, aren't you =P

revrseat70 > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:27

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Sell it to me! I will pay you in 2017 for what you can give me today :) Seriously, It will be a while before we know whether or not the market control of the auto journalists worked, and this car is worth 4x more than you paid for it. So it's hard to say. I'd just say go with your gut and don't look back. My dad could have retired three times over if he had kept any of his first few cars. Instead he's working into his sixties. I've never seen a man with less regret in my life. It's all about your view of life.

rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S > Saracen 04/10/2014 at 12:30

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You got me! Actually, I'd need to sell the Conti since that has more letters.

rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S > revrseat70 04/10/2014 at 12:33

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I'm not a speculator - I bought this car because it was awesome, and I'm only considering selling it for space reasons. I always figure I'm better off investing in the stock market.

My father missed buying two Cobras, a 289 and a 427) for $7k (that's combined, not each) in 1969 from a guy whose wife told him he had to get rid of them and stop racing. He told me that story back in the 80s when they were starting to really shoot up in price, and when I made fun of him he said "when you were born in 1971 I would have had to sell them too". So there's that.

I definitely agree with no regrets.

Nighthawkwill7, Hoon Depot Manager > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:33

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ONE MILLION MONOPOLY DOLLARS

Your move.

Doug DeMuro > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:34

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KEEP! Still the best car I've ever driven.

Flat Six > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:34

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KBB is not accurate for rare cars or special editions. It wouldn't hurt to ask for more. The 1M is an awesome car which holds its value well but maybe it would be good to sell before the M2 comes out.

ZHP Sparky, the 5th > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:36

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All a matter of preference, I guess. Personally I'd rather have a 1M over any other car I can think of (when it comes to new-ish cars)....but then again I've never driven a Maserati :)

Is looking for cheaper storage elsewhere, even slightly outside the city, be worthwhile? No point if you genuinely don't drive it AT ALL anymore, I guess...but if storage is the only concern I'd consider this option.

RacecaR > Nighthawkwill7, Hoon Depot Manager 04/10/2014 at 12:40

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LULZ

Saracen > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:44

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Ha. Well, in all seriousness, would you regret selling it? I also don't know if I would trust KBB when it comes to such a rare and sought after car. I'm sure you could get $65k for it.

Textured Soy Protein > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 12:51

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I think the 1M is going to hold its value for a while but I don't know if it's going to turn into a full-on collector car.

Chuck 2(O=[][]=O)2 > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 13:07

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Not worth holding on to it. If you don't drive it sell it. They have held their value. Yes the car will be worth more money in the future, but with an M2 around the corner and the depreciation cycle, that wouldn't be for 7-10 years (at best). By then it wouldn't be worth your time. Go for it, let someone else enjoy the car if you aren't. Then buy another toy.

rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S > ZHP Sparky, the 5th 04/10/2014 at 13:10

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One of my friends offered to garage it at his place in Napa, but then I'd have a car I literally drive twice per year. (And I already have my M roadster for that.) I know this s a ridiculous problem to have.

rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S > Doug DeMuro 04/10/2014 at 13:11

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Come drive my E9 Doug - I think you'll like it even better as a driving experience. All the creature comforts are of course way worse...

ZHP Sparky, the 5th > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 13:14

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ha, yes...we're all sitting here crying so, so hard for you :)

I'm sure you could find cheap storage around South SF, or even a bit further south along 101 - which would be 15 minutes away whenever you want the car. But it sounds like you're leaning towards selling it and it isn't a need-based decision, so I say go with what your heart says as long as you're not taking a huge financial hit either way.

Roadster Man > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 13:15

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I know a guy who just sold 2 stock 1969 SS Camaros. One had 500 miles on it and one had 15,000 miles on it, and he sold them for $150,000 and $100,000 respectively.

I know you aren't a speculator, but you do have the car. With under 1000 1M's in America, there is no question that this will be a desirable car for collectors in the years to come. Keep it, drive it every once in a while, and when the time comes to sell it, I bet you'll still come out on top despite the $$ you spend on storage and upkeep.

davesaddiction @ opposite-lock.com > Chuck 2(O=[][]=O)2 04/10/2014 at 13:16

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I agree - I think the M2 will depress 1M prices once it's out.

Roadster Man > Arch Duke Maxyenko, Shit Talk Extraordinaire 04/10/2014 at 13:17

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OH COME ON. Start him at a buck two-five!

hollanddjw 1 > RacecaR 04/10/2014 at 13:19

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Actually, he's right...

Doug DeMuro > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 13:27

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I haven't spent enough time in older cars. However, safety is tremendously important to me.

MonkeePuzzle > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 13:35

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I want a 1M!!! how firm are you on your price? i.e. would you be willing to come down like... 99%?

M3BimmerBilly > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 13:38

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Doug, I will swap my stock 4 speed 64' 327ci/365HP and 69' 427ci/390HP Corvette Coupes for the 360 modena for a day.

RPM esq. > Doug DeMuro 04/10/2014 at 13:42

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...which must be why you drive (1) an Italian exotic that might literally burst into flames at any moment; (2) a car built by British persons who drink on their lunch break that might drop its steering wheel into your lap, collapse its suspension, and/or literally disintegrate at any moment; and (3) a Nissan Cube, which is probably perfectly safe until it causes you to lose your will to live.

Doug DeMuro > RPM esq. 04/10/2014 at 13:43

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But those cars have airbags EVERYWHERE!

rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S > Doug DeMuro 04/10/2014 at 13:44

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Wait - don't you drive an ultra low super car in Atlanta, land of huge trucks? and SUVs?

RPM esq. > Doug DeMuro 04/10/2014 at 13:46

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True. And they won't impale you on their steering columns if you hit anything at faster than 10 mph. But still...

Doug DeMuro > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 13:56

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Yeah, but an ultra low modern supercar with crumple zones and airbags and ABS and such. Do you ever worry when you drive the Conti/E9?

philipilihp > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 14:19

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I would LOVE to buy it from you if I was financially able, but I would of course say keep, if there is any way. I have still never driven it but it's definitely in my dream stable. The E9 as well, so you have my respect, friend!

revrseat70 > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 14:23

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Yup, very similar stories with my dad. I only wish I could experience how great that car is. I'm in the camp of: If you don't use it, aren't keeping it for sentimental reasons or as an investment, I guess move on. At some point we have to remember cars are as much tools as they are relationships. If you own something you have zero use for, why have it when someone else could use it.

rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S > Doug DeMuro 04/10/2014 at 14:46

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I make it a personal policy not to worry about anything that's less likely than being hit by a car while walking to work. But I agree with you that especially the Continental is very dangerous in accidents at higher speeds. The E9 has racing seats and shoulder belts.

Soloburrito > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 15:26

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Sell it and use the money to buy this.

https://www.rmauctions.com/lots/lot.cfm?l…

Jonny Edge (@thejonnyedge) > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 15:56

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I don't know if you'll get around to reading this because you have so many comments, but keep it.

I really feel like this is the type of car you'll miss forever if you sell it. It seems to be heading for the history books as a fantastic and rare car, so whatever you do, keep it.

You might suffer for it, but I think you'll only regret it forever if you sell it.

TheCraigy > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 16:08

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Sell, sell, sell. Sell it now for a premium and walk away happy.

Respectfully, I always thought these cars were terribly unattractive. Only a BMW car guy cares what it is, everyone else sees (erroneously) that you bought the cheapest BMW. I understand that they're rare but what is the reason for the rarity? Same thing as the Z3M coupe, they are rare because nobody bought them.

They could theoretically appreciate further, but if a light, much more attractive M2 comes out then this car loses its cachet.

Stef Schrader > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/10/2014 at 16:46

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It's...it's BEAUTIFUL!

I'll keep it for you for nothin' if I get to drive it. :o)

Sidewinder1018 > revrseat70 04/10/2014 at 17:31

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My dad missed buying a 1967 Ford GT40 Mk. III for $13k the year it came out. Still regrets it though... $13k was hard to come by then.

ihbase > Doug DeMuro 04/12/2014 at 12:32

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rb1971 - black 1M, black M roadster inks E9 with S38 & 66 conti : "'Pardon me, but do you have any Grey Poupon"

Demuro: "But of course young chap, but say, is that car safe? I worry for I am quite fragile and safety is paramount to my high risk luxury lifestyle. You might say that 'it is terribly important to me.' Why just last decade, a fellow was strained awfully by some trouble actuating the crude open environment of his Corniche!"

rb1971 - black 1M, black M roadster inks E9 with S38 & 66 conti : (now stopped and blocking Pacific Avenue. A Russian oligarch looks across the street from his newly acquired US asset while, sensing the danger abreast, two unemployed wealthy young women not wearing Lululemon hurry past.) "I say! The horror!!"

(Much merriment ensues while the two find solace in mutual hardship and discuss the discriminatory experiences of white males attempting to locate storage for multiple high end automobiles in the city as well as the risks posed by driving around among the 99% crowd. Such burdens, yet faced with honor by these heroes.)

-Michael

Foo2rama > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/14/2014 at 18:57

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E9 and E46M here.... The 1M left me a little cold vs the E46M. Now a Z4M Coupe... I'd give up the slight performance for the drop dead sexy and rare body.

PardonMyFlemish16 > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/14/2014 at 19:31

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I was gonna say what car could be possibly worth getting rid of a 1M for

An S38 equipped 3.0CS is pretty much it. Good move to sell it, you will need the money for gas.

JDIGGS > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/14/2014 at 20:14

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Wait to sell it until you find something else to buy.

My old man had the chance for 3k to buy an old 1950's testarossa with no engine but didn't do it!

rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S > Foo2rama 04/14/2014 at 20:33

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Never driven the Z4M, but I love the Z3M in both roadster (which I own) and coupe form.

Jeff-God-of-Biscuits > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 04/15/2014 at 23:37

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DonKeybals > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 12/13/2015 at 12:04

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Keep. It’s bound to be a classic. It’s a renaissance for BMW to making great cars again, after the big, bloated turds that it pumped out for so long.

Hooneriphic > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 12/15/2015 at 00:12

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I don’t mean this to sound offensive... But you should sell it. If you bought it new and didn’t get killed by some crazy dealer mark up, you’re making money. And you don’t drive it.

So sell it. And make a coupe bucks.

Or keep it... and drive it.

Rusty Shackleford > rb1971 ARGQF+CayenneTurbo+E9+328GTS+R90S 12/15/2015 at 00:47

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I see E9 in your name. Pics or it didn’t happen. Keep the 1M, it is a car that in 1o years you will regret selling. You get to drive the last great M Car that BMW ever made.