E30 M3 prices

[CaymANTH]

Rich_W said:

Unless its been stored in a carcoon. Or been subject to a full acid bath and repair. There is no way on EARTH that any E30 M3 will be "Rust free" My old one was visually rust free. But I knew there were a couple of (5mm) places it was starting to go. It's inevitable in a time when cars weren't galvanised as well as today. And living is Spain might help, but it still rains! It's not Nevada

Agree, unless a car is stripped in the boot, sills off, carpets out and engine removed, there's no way you can be certain the car is rust free. Agree with Mark, for a grand or so, you could have the damage repaired and get it back to the UK which would increase its appeal considerably......

[POORCARDEALER]

E30_m3_ben said:

Hi everyone

I been looking for a e30 m3 for a good while now and always wanted one when I was a kid as I used to see them about and fell in love with it the very first time I saw one when my neighbour baught one and I used to look out my window every morning and used to see it right there. It looked amazing and I said to myself when I grow older I will buy one. And now that I'm older the prices have flew threw the sky which has made it very hard for me to buy. As I have been looking at the cars and the prices of the car I can see that a lot of traders have baught these cars and made a business out of it by rocketing the prices up and they made it hard for us who have a passion for these cars and love these to buy one now and I believe this is really unfair and the cars should be kept within enthusiasts to have these cars and not no traders. I don't understand why people get so happy that the prices are going up and start rocketing the prices. If you really love e30s you will keep them and buy them because you love them and not to make a business of them and if you sell them then give it to a enthusiast who will enjoy and a look after it. I understand rich people can buy them now but there circumstances can change anytime. What goes up always come back down. Gravity always wins. My reason for this is to keep the cars within enthusiasts and not traders. Sell your cars to people who will enjoy them and don't make it hard for people who have a passion to buy them. I spoke to a good few people who are in the same shoes as me and they be knocking on people doors all around the country who have the cars sitting there looking to get one cheap as people are asking ridiculous money.

Thanks for reading and I'm sorry if I offended anyone in any way just had to release what I had to say.

Thinly veiled im looking for one on the cheap and wont pay private sale price.

[E30_m3_ben]

POORCARDEALER said:

Thinly veiled im looking for one on the cheap and wont pay private sale price.

Hi poorcardealer
All I'm trying to say these cars should not be sold to traders who make huge profit out of it and double the price making it hard for us who genuine want one and yes I am looking for one for a good price but ain't we all. We can see examples on threads where a trader has baught them and advertised it for double the price. And they just sit there for a long time but because they did that everyone thinks they are double due to one trader doubling it.
I give you another example
Mtech2 where going for 7-8 k for a good clean one, one day some guy decided to advertise it on eBay for 18k which is still on there and now due to him advertising it for 18k everyone thinks they are 18k.

[POORCARDEALER]

E30_m3_ben said:

POORCARDEALER said:

Thinly veiled im looking for one on the cheap and wont pay private sale price.

Hi poorcardealer
All I'm trying to say these cars should not be sold to traders who make huge profit out of it and double the price making it hard for us who genuine want one and yes I am looking for one for a good price but ain't we all. We can see examples on threads where a trader has baught them and advertised it for double the price. And they just sit there for a long time but because they did that everyone thinks they are double due to one trader doubling it.
I give you another example
Mtech2 where going for 7-8 k for a good clean one, one day some guy decided to advertise it on eBay for 18k which is still on there and now due to him advertising it for 18k everyone thinks they are 18k.

Appears they are



http://www.angliacarauctions.co.uk/en/classic-auct...



Private sellers often ask as much as dealers, take your point on certain dealers lifting the bar, but you have accept whilst M3s having risen massively, people will look at the next model down, in this case 325 sports and they will be dragged up too....market forces.

Edited by POORCARDEALER on Friday 10th February 10:03

[e21Mark]

Even with a couple of £k shipping you'd be ahead.

https://newyork.craigslist.org/wch/cto/5995634451....

[AOK]

E30_m3_ben said:

Hi poorcardealer
All I'm trying to say these cars should not be sold to traders who make huge profit out of it and double the price making it hard for us who genuine want one and yes I am looking for one for a good price but ain't we all. We can see examples on threads where a trader has baught them and advertised it for double the price. And they just sit there for a long time but because they did that everyone thinks they are double due to one trader doubling it.
I give you another example
Mtech2 where going for 7-8 k for a good clean one, one day some guy decided to advertise it on eBay for 18k which is still on there and now due to him advertising it for 18k everyone thinks they are 18k.

A price something transacts for is dictated by what someone is willing to pay for it (or what someone is willing to pay over and above the next person). The market price is not set by the seller, the seller just researches their market and asks a price. Simple supply vs demand sadly.

Whilst I agree that dealers are putting cars up with stupidly high asking prices, if there are more and more people entering the market, the market price will get driven up to their level.

Of course, some may say "but they never sell for those values"... (usually those who want to pick up a bargain). That's why its worth keeping an eye on the auction results - this really is the only way of genuinely seeing where the E30 values actually are. And from what I'm seeing, its heading one way and one way only.

For disclosure, I do not own one, however I am looking for one - a 1990 UK car in Nogaro Silver to be precise. I would also consider a manual 325i Coupe in Dolphin or Sebring Grey. Must be a 1990 model though...

Willing to pay very generously ...problem is, so are others. And that's why the prices are going up!

[E30_m3_ben]

e21Mark said:

Probably worth you putting your budget and any preferences re spec and location. If you include mainland Europe in your search you'll have more choice. I found someone a car a while back and he decided he didn't want it as it was the wrong colour!

Hi mark

My budget is from 20k - 30k depending on condition. Would increase price if it's a special edition e.g evo, cecotto etc
Colour shouldn't be a problem but preferable is black or red.

Thanks

[E30M3SE]

http://www.carandclassic.co.uk/car/C653832

£44,900.

[E30_m3_ben]

AOK said:

A price something transacts for is dictated by what someone is willing to pay for it (or what someone is willing to pay over and above the next person). The market price is not set by the seller, the seller just researches their market and asks a price. Simple supply vs demand sadly.

Whilst I agree that dealers are putting cars up with stupidly high asking prices, if there are more and more people entering the market, the market price will get driven up to their level.

Of course, some may say "but they never sell for those values"... (usually those who want to pick up a bargain). That's why its worth keeping an eye on the auction results - this really is the only way of genuinely seeing where the E30 values actually are. And from what I'm seeing, its heading one way and one way only.

For disclosure, I do not own one, however I am looking for one - a 1990 UK car in Nogaro Silver to be precise. I would also consider a manual 325i Coupe in Dolphin or Sebring Grey. Must be a 1990 model though...

Willing to pay very generously ...problem is, so are others. And that's why the prices are going up!

I have tech 1s, tech 2s and a Motorsport and many other cars but for me it's a hobby not a business. I collect cars because I love them and enjoy them. All these cars are gone up due to traders adding stupid prices on them. If they go up then go up slowly with the current market not because a trader has put a double figure the next day. I can put one of my classics tomorow for 100k and watch how people think it's gonna be worth 100k.

[E30_m3_ben]

E30M3SE said:

http://www.carandclassic.co.uk/car/C653832

£44,900.

This car has been advertised for a long time now, he just puts the price up every month. Started off at 32k I think.

[E30_m3_ben]

CaymANTH said:

Bugger, the sale of my Cayman R has just fallen through so no money to pay the resto bill ! Looks like Joe might have the car for a while longer.

Re the white one, Silverstone are terrible for low-balling reserves just to get interest - there's a few cars in this auction way under market value.

Il buy the evo if it's for sale

[E30M3SE]

The white '1960RS' car was parked up by some of the motorhome at Silverstone Classic 2014, it looked like a well used example then.

[e21Mark]

E30_m3_ben said:

E30M3SE said:

http://www.carandclassic.co.uk/car/C653832

£44,900.

This car has been advertised for a long time now, he just puts the price up every month. Started off at 32k I think.

Were it in the U.K. though and not the U.A.E I doubt it would hang around. British car buyers generally don't appear to like travelling far to buy a car. Hence the cabrio in Spain being relisted? If you total the selling price of cars sold in the past 9 months, £45k isn't far from the average. Were I selling mine I'd be looking for a similar figure. As I'm not though, it would need to be way more. It's insured for £60k as I couldn't build a replacement for less.

[e21Mark]

CaymANTH said:

Bugger, the sale of my Cayman R has just fallen through so no money to pay the resto bill ! Looks like Joe might have the car for a while longer.

Re the white one, Silverstone are terrible for low-balling reserves just to get interest - there's a few cars in this auction way under market value.

Saw finished car today and it looks awesome.

[Robb3rt]

Hi, interesting thread, many seem set on bemoaning prices rising. My 2 penneth for what its worth is forget what prices were, forget the memories of I should have, could have bought one etc. The reality is, given how iconic these cars are, they are still cheap today. Shoot me down, but then come back in a couple of years and see. The real price rises haven't even started yet!!

[CaymANTH]

e21Mark said:

Saw finished car today and it looks awesome.

It failed it's MOT though !!!! (nowt serious, headlight aim, indicator, abs light). Sure Joe has fixed this now. My missus has come to the rescue with an unused credit card with a sizeable limit so all good and can't wait to get it back.

Edited by CaymANTH on Friday 10th February 17:29

[E30_m3_ben]

CaymANTH said:

It failed it's MOT though !!!! (nowt serious, headlight aim, indicator, abs light). Sure Joe has fixed this now. My missus has come to the rescue with an unused credit card with a sizeable limit so all good and can't wait to get it back. ????

Good stuff mate, get it back and enjoy it mate. Really nice car.

[Rich_W]

When I advertised mine in 2011 (on PH) 3 of the first 4 calls came from outside the UK.

Though interestingly it had been on S14.net for a month previously, and had no interest at all

It disappeared from a dealer in 2013ish. I have a feeling it went abroad.

[M5 London]

E30_m3_ben said:

I have tech 1s, tech 2s and a Motorsport and many other cars but for me it's a hobby not a business. I collect cars because I love them and enjoy them. All these cars are gone up due to traders adding stupid prices on them. If they go up then go up slowly with the current market not because a trader has put a double figure the next day. I can put one of my classics tomorow for 100k and watch how people think it's gonna be worth 100k.

I have a feeling that you wouldn't purchase these type of cars, even for your 'hobby' reasons if they didn't hold value or appreciate.

I mean it would be silly to purchase one and for it to drop 50% of its value in 36 months, however 'pure' and 'involved' the driving experience was.

I'm not suggesting you are purchasing to make money but I think you are happy they aren't plummeting in value.

So in theory you should praise the market forces involved here as it keeps you safe whilst acquiring / dabbling in your hobby !

[sim16v]

As a few people on here are doing, we have been following the prices for a long time!

If I had the money could have bought a lot of cars for £8-15k over the last 4-5 years, and in the last 2 years, the same cars have jumped to £20k, then £25k and even up to £35k.

I was tempted to sell my UK car back in Aug/Sept last year, and at the time, without advertising, I was being offered figures of around £20-25k.

This was for a car needing work, as it had been in storage for quite a while!

It turned out the "buyer" I got on best with didn't actually have the money to buy the car at the time, so the mood passed, and I changed my mind.

He has been back on now that he has funds, and I'm constantly asked by two or three other people if I will sell, and the price has jumped considerably again.

It has now got to the point that if I did sell, would I ever be able to afford another one in the future?

So I have decided that it is not for sale and is a keeper.

I have loads of other cars I would rather sell before it got to the point where I would consider selling.

The funny thing to me is that all of the potential buyers say they are desperate to buy one, but there have been a lot for sale in the last 6 months and they haven't managed to buy one of those.

That to me says they want one but aren't prepared to pay the advertised "market price" for one.

If you aren't prepared to get somewhere near the advertised prices, you will need to be very lucky to be in the right place at the right time to buy one cheaply or you will never end up with one.