Who has paid “big” money for an E36 M3?

Who has paid “big” money for an E36 M3?

Author
Discussion

(steven)

Original Poster:

446 posts

213 months

Monday 11th August 2014
quotequote all
We all know E36 M3 asking prices are on the rise.

However I had a look on the E36 M3 section of the classifieds today and while there are some large asking prices out there, a lot of the more expensive stock is still around from when I purchased mine at the start of the year.

I don’t need to know the details but has anybody actually purchased recently at say above £6K?

Is the price increase real or just a few car dealers chancing their arm?

SimianWonder

1,144 posts

151 months

Monday 11th August 2014
quotequote all
For that kind of money I suspect most folks, myself included, would find it difficult to resist the more modern E46 M3.

irish boy

3,523 posts

235 months

Monday 11th August 2014
quotequote all
Friend just bought a daytona violet one for 6.5k. Lovely thing.

Edited by irish boy on Wednesday 29th October 18:25

MGR

195 posts

187 months

Tuesday 12th August 2014
quotequote all
SimianWonder said:
For that kind of money I suspect most folks, myself included, would find it difficult to resist the more modern E46 M3.
Depends what you want. I much prefer my E36M3 to the E46M3 I had and the E46 was bought almost new. I think that prices will start to switch as in my eyes the E36 is beginning to become classic whilst the E46 is at the stage where is is starting just to look old. However I think you are correct most people would still at this point in time go for an E46.

If only the E36 came with the S54 motor. That would be a great combination.

In answer to the OP I paid around what your threshold is 2 yrs ago for one.

Edited by MGR on Tuesday 12th August 14:52

jonah35

3,940 posts

156 months

Tuesday 12th August 2014
quotequote all
[quote=(steven)]We all know E36 M3 asking prices are on the rise.

However I had a look on the E36 M3 section of the classifieds today and while there are some large asking prices out there, a lot of the more expensive stock is still around from when I purchased mine at the start of the year.

I don’t need to know the details but has anybody actually purchased recently at say above £6K?

Is the price increase real or just a few car dealers chancing their arm?
[/quote]


Theyre not rising yet but I think they will in time. Id buy a £6k one if it was manual in Estoril, dakar or techno violet.

There are no good ones kicking about at present in the classifieds imho but I think wait to see what happens price wise in winter.

161BMW

1,697 posts

164 months

Tuesday 12th August 2014
quotequote all
Thing is most M3s (E36) have high mileages, had possibly high owners, outside main dealer network, and just been abused/not well looked after and modded and all this affects the value

There are definitely some low owner, low mileage, standard, original examples about .... Just a question of finding them

A guy on cutters had his featured in BMW car magazine

M3 Evolution
R Reg
Estoril Blue Metallic Paint
4 previous owners
FBMWSH up until 2011
Then specialists
112k mileage around that
Advertised for £7k
Then he chose to keep
See for sale section on m3 cutters

jonah35

3,940 posts

156 months

Tuesday 12th August 2014
quotequote all
161BMW said:
Thing is most M3s (E36) have high mileages, had possibly high owners, outside main dealer network, and just been abused/not well looked after and modded and all this affects the value

There are definitely some low owner, low mileage, standard, original examples about .... Just a question of finding them

A guy on cutters had his featured in BMW car magazine

M3 Evolution
R Reg
Estoril Blue Metallic Paint
4 previous owners
FBMWSH up until 2011
Then specialists
112k mileage around that
Advertised for £7k
Then he chose to keep
See for sale section on m3 cutters
Yeah no one would pay £7k for a 112k miler when you could have a cheaper e46.

One day it will be worth that though

161BMW

1,697 posts

164 months

Tuesday 12th August 2014
quotequote all
jonah35 said:
161BMW said:
Thing is most M3s (E36) have high mileages, had possibly high owners, outside main dealer network, and just been abused/not well looked after and modded and all this affects the value

There are definitely some low owner, low mileage, standard, original examples about .... Just a question of finding them

A guy on cutters had his featured in BMW car magazine

M3 Evolution
R Reg
Estoril Blue Metallic Paint
4 previous owners
FBMWSH up until 2011
Then specialists
112k mileage around that
Advertised for £7k
Then he chose to keep
See for sale section on m3 cutters
Yeah no one would pay £7k for a 112k miler when you could have a cheaper e46.

One day it will be worth that though
Don't be so sure
This is the one
http://forums.m3cutters.co.uk/showthread.php?t=107...

jonah35

3,940 posts

156 months

Wednesday 13th August 2014
quotequote all
I looked at that one, didnt like the cloth seats but looks a good example.

Personally I still don't think its worth £7k but I'm no expert.

Id have thought that would sell for £5500-6k

161BMW

1,697 posts

164 months

Wednesday 13th August 2014
quotequote all
He wanted to keep it
Well would be very hard to find another as good if not better

b16a2_VTi

341 posts

184 months

Wednesday 13th August 2014
quotequote all
i know someone who paid 6.5k over a year ago, s plate manual in black with Red leather 70K looked very clean last owner 12 years!

He's since spend a few quid on refreshing suspension bushings and some spot of rust on the front wings.


SimianWonder

1,144 posts

151 months

Wednesday 13th August 2014
quotequote all
MGR said:
Depends what you want. I much prefer my E36M3 to the E46M3 I had and the E46 was bought almost new. I think that prices will start to switch as in my eyes the E36 is beginning to become classic whilst the E46 is at the stage where is is starting just to look old. However I think you are correct most people would still at this point in time go for an E46.

If only the E36 came with the S54 motor. That would be a great combination.

In answer to the OP I paid around what your threshold is 2 yrs ago for one.

Edited by MGR on Tuesday 12th August 14:52
Interesting.

I'm likely looking at getting into an M3 in the next year, and had rules out the E36 because I think it looks so dated whereas the E46 still looks quite modern. What did the E36 have in the locker that the E46 didn't?

carreauchompeur

17,830 posts

203 months

Wednesday 13th August 2014
quotequote all
SimianWonder said:
Interesting.

I'm likely looking at getting into an M3 in the next year, and had rules out the E36 because I think it looks so dated whereas the E46 still looks quite modern. What did the E36 have in the locker that the E46 didn't?
Less bills like this wink

NelsonR32

1,680 posts

170 months

Wednesday 13th August 2014
quotequote all
The thing people forget is the youngest cars are now approaching 17 years in age. Even a car that has done 7k a year will be sitting at 119,000 miles.

Low mileage examples exist but I would always pick a mint 100,000 mile example over a 40,000 mile example as it will likely be better maintained and have the common issues sorted (Vanos, downpipe, rods etc)

mwstewart

7,554 posts

187 months

Wednesday 13th August 2014
quotequote all
Prices have firmed to the point where BMW offer them as AUCs in rare cases, and some above £10k. There is always a minority who want a)a specific car, and b) a great, low mileage example of a specific car.

carreauchompeur

17,830 posts

203 months

Thursday 14th August 2014
quotequote all
NelsonR32 said:
The thing people forget is the youngest cars are now approaching 17 years in age. Even a car that has done 7k a year will be sitting at 119,000 miles.

Low mileage examples exist but I would always pick a mint 100,000 mile example over a 40,000 mile example as it will likely be better maintained and have the common issues sorted (Vanos, downpipe, rods etc)
I agree. It's frustrating that when I come to sell mine it'll have over 120k on it and that will put people off- but it's only on its third owner and the middle owner put all of those miles on it in a few years trundling up and down motorways whilst servicing it to within an inch of its life. And nearly EVERYTHING that normally needs it has been replaced...

CRA1G

6,501 posts

194 months

Thursday 14th August 2014
quotequote all
I bought a 98 manual Evo Convertible in Dakar earlier in the year and paid over £6K for it......! But it is a one (retired) owner from new,65,000 miles FSH (17stamps) and EVERY invoice Inc the original sales invoice and EVERY MOT from new and totally original... It was advertised on Auto Trader and I managed to agree a deal within an hour of it going on and the lovely old gent was as good as his word and saved it for me but had refused an higher offer from someone else before I picked it up.........! (there are some nice people out there) I'm having some detail work done on it and will have the wheels refurbed but it is a gem which I will keep under wraps with only light use as I do think it will be far better than money in the bank....... driving it will join the low mileage 840 Sport and ZM Coupe also in Dakar currently under wraps...... thumbup

carreauchompeur

17,830 posts

203 months

Thursday 14th August 2014
quotequote all
That's not the Dakar that had been around for ages with pictures if the tyres in the ad and lots of puff about 'no dreamers' was it?

161BMW

1,697 posts

164 months

Thursday 14th August 2014
quotequote all
CRA1G said:
I bought a 98 manual Evo Convertible in Dakar earlier in the year and paid over £6K for it......! But it is a one (retired) owner from new,65,000 miles FSH (17stamps) and EVERY invoice Inc the original sales invoice and EVERY MOT from new and totally original... It was advertised on Auto Trader and I managed to agree a deal within an hour of it going on and the lovely old gent was as good as his word and saved it for me but had refused an higher offer from someone else before I picked it up.........! (there are some nice people out there) I'm having some detail work done on it and will have the wheels refurbed but it is a gem which I will keep under wraps with only light use as I do think it will be far better than money in the bank....... driving it will join the low mileage 840 Sport and ZM Coupe also in Dakar currently under wraps...... thumbup
Any photographs :-) ?

CRA1G

6,501 posts

194 months

Thursday 14th August 2014
quotequote all
carreauchompeur said:
That's not the Dakar that had been around for ages with pictures if the tyres in the ad and lots of puff about 'no dreamers' was it?
No..... This was very understated if anything.... I don't think it even said one owner in the add,and I agreed to buy it within an hour of the advert going on.....