I saw an BMW 1M today, I looked for a used one online...

"George Costanza" (Georgeoncars) 05/21/2014 at 19:22 • Filed to: Drove one BMW extensively, automatically BMW expert, but i guess that could happen to any fan, ownership is not necessary, some real tags now, BMW, 1M, spotted

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After a few minutes on CPO and Autotrader, eBay and the works I discovered that this thing doesn't depreciate that well. Modern classic.

ZHP Sparky, the 5th > George Costanza 05/21/2014 at 19:25

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Production numbers were so low compared to demand that it didn't/won't depreciate AT ALL.

George Costanza > ZHP Sparky, the 5th 05/21/2014 at 19:28

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Hopefully that changes with the M2. I would love to pick one up a few years after its release in the used market for less than 40k.

Manuél Ferrari > ZHP Sparky, the 5th 05/21/2014 at 19:28

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Yeah. This is one of those cars you buy new, drive 5000 miles a year and then sell for more than you paid for it in 5 years.

ZHP Sparky, the 5th > Manuél Ferrari 05/21/2014 at 19:30

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Yup, only sad part is that you gotta have $$$ to play. Not for commoners!

ZHP Sparky, the 5th > George Costanza 05/21/2014 at 19:30

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You and me both, Sir.

Manuél Ferrari > ZHP Sparky, the 5th 05/21/2014 at 19:32

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$$$ or a little $$ and good credit :D

Manuél Ferrari > ZHP Sparky, the 5th 05/21/2014 at 19:33

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You can do what I do when your car payments get hard to afford, refinance them over and over again.

I think it's going to take me 10 years to pay off the E90 M3, haha

ZHP Sparky, the 5th > Manuél Ferrari 05/21/2014 at 19:35

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hmm...I had actually never considered the concept of refinancing auto loans. Almost done paying off my current car, but maybe for the next one!

Based on your handle...are you seriously financing an E90 M3 at $144 a month?!?!?

Leadbull > George Costanza 05/21/2014 at 19:36

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I also saw one today, same color!

It had the license plate "EINS M".

Manuél Ferrari > ZHP Sparky, the 5th 05/21/2014 at 19:41

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Haha don't do it. It just makes you pay interest forever. But it does make your payments lower and lower!

Haha no it's more than $144. My handle refers to a 144 month long loan. I found out that you can get that kind of loan for exotic cars to keep the monthly payment down. Ever since then I've been dreaming of getting one.

davedave1111 > George Costanza 05/21/2014 at 19:43

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Not so sure about that depreciation. Weren't they going for well above list when new?

ZHP Sparky, the 5th > Manuél Ferrari 05/21/2014 at 19:44

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haha at that rate, it'll almost be a classic by the time you're done paying it off...and it'll start appreciating again!

Manuél Ferrari > ZHP Sparky, the 5th 05/21/2014 at 19:47

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EXACTLY!!!

You're the only person on Oppo who doesn't think I'm insane!!

davesaddiction @ opposite-lock.com > Leadbull 05/22/2014 at 09:23

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EINE M would have been better, but not bad.

davesaddiction @ opposite-lock.com > Manuél Ferrari 05/22/2014 at 09:24

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True statement.