RE: ?50K E46 M3!
Discussion
RedSwede said:
The M3 is utter madness in my opinion. Too close to the price of a new one, for heavens sake. (Turbocharger, moan, etc not withstanding).
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Indeed. Why pay £8 for a CD of an old album like Revolver, Pet Sounds, Beggars Banquet or Aftermath when you could have the latest album by Maroon 5 instead?.
My experience of 4 Star, rather than Hexagon, was a lot of the cars were from one collector looking to get rid. So, they really don't have much to lose at all.
Likewise, i have found many of the niche, prestige dealers are lifestyle businesses run by people who are independently wealthy. They can afford to sit on the cars for some time, unlike your average used car salesman.
I don't actually think £50k is that outrageous though. I'm sure i paid similar money for a brand new one back in the day. And that's what you're getting, right? A time warp car.
For comparison, i can see there are plenty of 'normal' E30 M3s at £50k plus. A Sport Evo is over £100k! Given the latter could be viewed as the CSL, then is the E46 priced so badly? The difference, of course, is that it's taken over 25 years for the E30 to suddenly accrue this sort of value - double the time.
Likewise, i have found many of the niche, prestige dealers are lifestyle businesses run by people who are independently wealthy. They can afford to sit on the cars for some time, unlike your average used car salesman.
I don't actually think £50k is that outrageous though. I'm sure i paid similar money for a brand new one back in the day. And that's what you're getting, right? A time warp car.
For comparison, i can see there are plenty of 'normal' E30 M3s at £50k plus. A Sport Evo is over £100k! Given the latter could be viewed as the CSL, then is the E46 priced so badly? The difference, of course, is that it's taken over 25 years for the E30 to suddenly accrue this sort of value - double the time.
hondansx said:
I don't actually think £50k is that outrageous though. I'm sure i paid similar money for a brand new one back in the day. And that's what you're getting, right? A time warp car.
And BMW aren't making any more E46 M3's. Folk laughed when a classic car dealer near me (Notts) tried their luck with a perfect, sub 5000 mile Fiesta XR2 Mark 2, a C plater I think in Rosso red.£22'995.
Sold within a week.
mwstewart said:
The m3 is basically a new one. If you'd consider an E46 330i at 20k it stands to reason someone would consider the M3 at 50k - more so as it is collectible and renowned. The 330i isn't really either.
For the record I wouldn't want the M3 at that sort of price
Indeed, fair enough a one-off can always be argued to have exceptional value, as only one wealthy individual needs to decide they quite fancy it, and £50k would be more or less change.For the record I wouldn't want the M3 at that sort of price
But relative to the 330i's, it surely isn't worth 2.5x the price - BMW only thought it was worth 25-30% more when new. I mean, it is "only" an M3. Priced in the mid-30s would be a better bet if they wanted to sell it (which is clearly not a priority).
Really, these prices say more about how disilusioned everyone is with current cars, which are too complex, uninvolving, aloof and overly fast for a lot of us to gel with.
RedSwede said:
Really, these prices say more about how disilusioned everyone is with current cars, which are too complex, uninvolving, aloof and overly fast for a lot of us to gel with.
+1I don't subscribe to the 'new cars are crap' thing because they aren't, but the sweet spot of cars has been and gone. The current 120d is a nice car, but is it really better than the E87? I don't think it is.
I look at new cars and think "why would I want one?". The complexity leading to frightening and uneconomic repair bills whilst still youthful is another reason why I probably won't buy one, but each to their own.
RenOHH said:
Why do people think low miles lets you double, triple, quadruple the price of a car?
When shopping for an EP3 there were 2004s with 90k miles for about £3500-4000, but then someone with a 2002 on 45k miles thinks they can flog it for nearer 6. Cuckoo.
good indicator of condition and is vital for collectors When shopping for an EP3 there were 2004s with 90k miles for about £3500-4000, but then someone with a 2002 on 45k miles thinks they can flog it for nearer 6. Cuckoo.
WCZ said:
good indicator of condition and is vital for collectors
I should have read the thread a bit first as it is a bit different with these M3s that are not only low miles, but stunning condition. I was wide of the point slightly as I'm talking about average condition cars at low miles with a jacked up price.
I have an absolutely mint E92 M3 that I bought new in 2008 in my collection. Manual.
I bought it, used it, then things changed for me and I ended up with lots of cars so it got used sparingly after 2010.
I couldn't bring myself to part with it then as I had dreamed about owning an M3 for years.
As it's now nigh on impossible to order a manual V8 from any marque I'm glad I kept it. 20 years from now I look forward to taking it out on Sundays to annoy all the electric car driving nubbers.
I wouldn't take £50,000 for it. I cant think of anything for £50,000 that I would replace it with tbh.
I bought it, used it, then things changed for me and I ended up with lots of cars so it got used sparingly after 2010.
I couldn't bring myself to part with it then as I had dreamed about owning an M3 for years.
As it's now nigh on impossible to order a manual V8 from any marque I'm glad I kept it. 20 years from now I look forward to taking it out on Sundays to annoy all the electric car driving nubbers.
I wouldn't take £50,000 for it. I cant think of anything for £50,000 that I would replace it with tbh.
RedSwede said:
mwstewart said:
The m3 is basically a new one. If you'd consider an E46 330i at 20k it stands to reason someone would consider the M3 at 50k - more so as it is collectible and renowned. The 330i isn't really either.
For the record I wouldn't want the M3 at that sort of price
Indeed, fair enough a one-off can always be argued to have exceptional value, as only one wealthy individual needs to decide they quite fancy it, and £50k would be more or less change.For the record I wouldn't want the M3 at that sort of price
But relative to the 330i's, it surely isn't worth 2.5x the price - BMW only thought it was worth 25-30% more when new. I mean, it is "only" an M3. Priced in the mid-30s would be a better bet if they wanted to sell it (which is clearly not a priority).
Really, these prices say more about how disilusioned everyone is with current cars, which are too complex, uninvolving, aloof and overly fast for a lot of us to gel with.
iSore said:
+1
I don't subscribe to the 'new cars are crap' thing because they aren't, but the sweet spot of cars has been and gone. The current 120d is a nice car, but is it really better than the E87? I don't think it is.
I look at new cars and think "why would I want one?". The complexity leading to frightening and uneconomic repair bills whilst still youthful is another reason why I probably won't buy one, but each to their own.
The current 120d is a nice product, like a Miele cooker or an iPhone. It is a very long way from being a nice car.I don't subscribe to the 'new cars are crap' thing because they aren't, but the sweet spot of cars has been and gone. The current 120d is a nice car, but is it really better than the E87? I don't think it is.
I look at new cars and think "why would I want one?". The complexity leading to frightening and uneconomic repair bills whilst still youthful is another reason why I probably won't buy one, but each to their own.
This +1
iSore said:
+1
I don't subscribe to the 'new cars are crap' thing because they aren't, but the sweet spot of cars has been and gone. The current 120d is a nice car, but is it really better than the E87? I don't think it is.
I look at new cars and think "why would I want one?". The complexity leading to frightening and uneconomic repair bills whilst still youthful is another reason why I probably won't buy one, but each to their own.
I don't subscribe to the 'new cars are crap' thing because they aren't, but the sweet spot of cars has been and gone. The current 120d is a nice car, but is it really better than the E87? I don't think it is.
I look at new cars and think "why would I want one?". The complexity leading to frightening and uneconomic repair bills whilst still youthful is another reason why I probably won't buy one, but each to their own.
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