What Is Going On With M140i Prices, and How Social Media Use Is Killing The Value Of Your Car!
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- Опубліковано 31 бер 2024
- Recently, I have noticed that a lot of people are selling their M140i’s online, more so than normal. This is due to one major reason that I discuss in the video, that is caused by several contributing factors.
Also there is something happening on the Facebook groups that I have noticed, that is seriously damaging to not just the M140i's market value, but any car that has a Facebook Group dedicated to it. This is further adding to the problem we have with the current state of the Car market.
These are just my opinions. Please let me know in the comments if you agree or disagree, and why. I really would like to hear your take on this situation as well. - Авто та транспорт
People being impatient too wanting quick sales taking low offers or reducing it within a few weeks brings the price down.
Enjoying your videos and the content. A colleague of mine in work has been looking for a tidy M140i since I bought mine a year ago so we’ve been looking at second hand prices for these cars. They have dropped slightly in value but still selling for upwards of 20k for a good low mileage unmodified example, so not much less than I paid for mine last year. Also regarding insurance, mine went up from £500 to £650 this year but after shopping around I managed to get insured for £300 so very pleased with that. Keep up the good work.
Thanks Jon!
I just bought one on Friday and I love it. I replaced a 987 Cayman, as I need the rear seats. I was horrified that the insurance was over twice as much.
Love the car though. It’s 7 or 8 tenths of the Cayman on a b road, but a million times better for the every day stuff that I use the car for 99 times out of a hundred.
Love your channel. Wish I’d found it before buying and held out for some memory seats as the wife and I have extremely different driving positions.
Gonna save up for some of that Bilstein loveliness too thanks to your side by side video.
Hi Reg, good video and some interesting thoughts. By and large I agree with you. Personally I don't really care too much how much mine is worth. The car is just right for me and I've been through a lot of quick cars over the years. Lovely B58, Birds suspension now which work on the twisties and comfy and reasonably acceptable economy on a run. And room in the back for the dog.
Anything newish with a B58 in is just silly money IMO. So like you I'm keeping mine.
I had been quoted double what I paid last year so i shopped around for cheap insurance and found one were IAM paying about the same as I did last year so that not a big problem second if I were to sell my car I wouldn't put it on a advertising platforms such as Facebook.
Regarding the insurance, mine went up a bit but not by a huge amount. I still don't see the sense in selling a car and making a huge loss because of the insurance going up when the amount that you lose due to the value dropping is considerably more than you would pay extra on the insurance. It isn't just m140i's which have risen on insurance either, everything has gone up so you will still end up paying more on your next car, especillay if it is slightly out of the ordinary.
Coincidently I was told today that my 21 year old nephew just last week sold his as his insurance went through the roof on renewal. £3K +. His insurance in Sussex 10 times higher than mine as an old-ish bloke in Devon. It's a 350 bhp rear wheel drive car with an open diff which you've gotta be careful with and give it a bit of respect. So if there's a whole bunch of people in the same position as my nephew, with limited driving experience due his age, and the insurance companies have seen a bunch of younger people crashing them as they've been relatively cheap to buy, can you really blame the insurance guys?
IMO the price of M140s will go up as the insurance and secondhand car market settles down. I remember my E46 M3 was worth bog all 10 years ago. Now look at the prices for a half way decent unmolested one.
I do agree!
The market has definitely fallen out of these for the reasons you mentioned, mixed with the post covid inflated price bubble burst, I wonder if it will rise again.
I just bought a 2017 55k mile/ 3 owners, FSH, M140i in estoril blue with a manual gearbox (poverty navigation and no HK), un-modified, for just £13,000. In terms of value for money I can't think of anything that even comes close.
It's a shame about the reputation these have now with lots of examples falling into the wrong hands, causing silly insurance prices (I'm looking at £1400 per year with 6 yrs NCB, hundreds more than what I was paying to insure my M2) because they are seriously good cars especially after some tweaking to the suspension and an LSD. I'll just keep it stock other than that, and simply enjoy ownership of the last ever 3.0 RWD hatchback to be produced at a fantastic price.
@@SamFullick Agreed with all of the above!
Enjoy that manual M140i buddy 😎
Interesting vid
Glad I sold mine when I did. They became attainable to a wider/younger group and all are now modded so lowers value.
stage 2, decat, f1 flashing diffuser, pilot sport 4 tyres, limited slip fiesta gang
Well said Reg
wbac also buy for cheap, price it up to sell it to a dealer which will then price it up again to consumer
2.8k for insurance yet stage 2 scirocco is 1.4k with mods listed. Someone explain this logic?
All depends on location, driver (points or not) and loads of other factors
Insurance as you pointed out, also generally these cars are lusted after by younger more excitable people so Insurance will be hurtful but its also a car thats coming up to 5 years old and people want modern interior and tech, they may also be getting either a more practical car or going for full M cars.
Personally I loved my m140i but that was four years ago and people needs and wants change in that time
This is true. I still think it’s Morden enough, especially when it’s 20k cheaper than the current version (M240i). It’s not a big enough leap to justify 20k. Also it’s a lot heavier. The M140i will age well because of how good value it is.
@roadreg1820 and there's your problem as well as the bonus, its powerful and affordable car which is putting it in reach of younger drivers who are as I said above and eluded too in your video more excitable and they end up in a ditch that and insurance is going up for everyone.
Also M2c are also within reach now which is a natural step up for the m140i driver
Fortunately the M140i isn't as attractive as a Golf R to those who badly modify cars.
The people saying the prices are too high want to buy an M140i. They are trying to bring the prices down.
You are definitely from the car wow blokes testiclay
Say what?
Too many Muppets in the car scene now. Most of them haven't a clue about cars and follow the sheep on Social Media. The only people damaging M140 prices are the owners themselves 🤷🏻♂️
Previous owners who linger on fb groups and tell others that their car is worth less because they want to make sure the seller doesn’t sell their car for a good price. They are damaging the market, or not helping. It’s a really sad attitude.
@@roadreg1820 yeh and just because one person doesn't want to or can't pay the insurance it doesn't mean that's the same for everyone.
@@yetijohn80 agreed!
I’ve also noticed lots on Auto Trader, 300+ with a narrowed search! Too many are modified. Instantly gives you thoughts of some 22 year old moron driving round Tesco car park on and off the throttle with a snap, crackle and pop map 🙄
That’s the other thing that puts me off. They’ve become the modern day Vauxhall Nova! 🤦🏻♂️