Type R #15 - FK8 #3
Let me explain.
I said my first one ( Fk8 ) was a rotten egg but my blue one wasn’t .. whilst on paper the m2 was a great car , it is only good in ideal conditions and in the wet it was more than a handful which took a lot of its spark away (for me) Yesterday was torrential and the M2 would’ve been dire in those conditions whereas the Honda didn’t blink an eye. I can see the appeal to many and as everyone on the internet that doesn’t own one has drift king capabilities and it wouldn’t be an issue but for me I realised I am more comfortable with FWD.
Also, the rate of depreciation now bmw see it in their wisdom to be releasing cars every ten minutes is alarming and at detriment to its existing customers, especially if financing, as negative equity becomes a miserable realisation. Especially if it is a “toy”.
For example ; a December 2018 m2 competition fully loaded was £55k new , a chap recently sold one to an independent garage , they gave him £35k for it meaning he owed £10k to bmw to clear the finance off *bearing in mind £500 monthlies and an initial deposit*
When I weighed it up I decided it was time to sell the car on and also other personal reasons which are no ones business but mine came in to play. Thankfully I paid a good price for mine when I got it (12k dealer contribution) as it was a pre Reg and the fact it had a good spec on it meant I had a lot of interest from dealerships when listing for sale , I got a good price for mine , I owed a little to bmw but that was offset by the fact I sold on all of my m performance modifications which I paid “not new prices” for. I have worked out it has cost me approx £9200 /£575 per month to own the car since August 2018 up until the point of sale last week (which I got an extremely handsome offer for compared to other offers received) That’s £1 per mile - this included my deposit and run in service costs. I haven’t had to change any tyres or other consumables though a £400 service is due in may 2020.
Fitting costs of coilovers I have written off as with any other car, that’s just part of the car game.
Going back to why I got the fk8, I drove it’s competitors including RS, Golf R and quite simply they do not compete. (Read as boring)
Another thing to note
M2 Tax for one year £440
Insurance £498
Total £938
FK8 tax for one year £140
Insurance £376
Total £516
Total saving £422
I negotiated a good deal with Honda for the car , I drove it on two different occasions to ensure I was happy , it has Honda footwell lights and a 5 year service plan and is a one owner 10k mile March 2018 car with no warranty history.
Oh , I got an eventuri and mugen wind deflectors fitted 4 hours after collecting it and I have a milltek none res in the garage to go on.
The eventuri is used but barely. It’s almost as though the stars aligned that it happened to come up for sale on my collection day and I got it for under half price fitted by my mate Phil at DREAM.
PPS The m2 is for sale here if anyone needs to scratch the itch.
https://www.ttsportsandprestige.co.uk/our-stock/10821105-bmw-m2-m2-2dr-dct/
Hope that clears up my reasoning.