The Best ///M/Barge/General Rant/Look at this/O/T(Vol XVIII)
Discussion
Output Flange said:
I think the real question isn't about whether you can afford or not, rather do you see the value in the cars you bought at today's prices?
My example: I paid four figures for my M5. At the time, I was on the road to building an S50B32-powered 518i. The M5 came up for sale locally so I decided to go and take a look. It was OK, so I bought it with the intention of tarting it up a bit and punting it on. Between buying and advertising, values went up. I decided to chance my arm at the top end of what it might be worth, and (lucky for me) it didn't sell.
Would I have paid £20k at that time for an M5? I don't think so - I'd have carried on with the 518i project.
That said, the inevitable happened whereby the project spent long enough off the road that I got a bit bored, I spent more time in the M5 and I started to use it - it's done a couple of Le Mans trips, been to the Silverstone Classic etc etc. I've had some great drives in it, it gets more attention than I expected (and more than I'd like, to be honest). I'm now into it for a good chunk more than it's worth, but I can't see me selling it in the next 10 years at least - I've got plans for things I'd like to do, places I'd like to go in it.
The concerns of the market don't bother me in terms of keeping the mileage down (226k now I think), and I'm starting to plan a re-run of GP's jaunt to Skandiwegia in it (hopefully with less Red Bull and more personal hygiene).
That ^^^ load of waffle is what bugs me about the current state of the market - there are some great cars that are being snapped up and locked away instead of fulfilling their raison d'êtres. If these cars really are being bought as commodities by investors with intricate knowledge of the cost of everything and the value of nowt, bring on the bursting of the bubble and the liberation of the entertainers of yesteryear.
I do agree with the analogy of a low mileage cosseted car being a horrid example of a life unlived, hence none of my small fleet being of that ilk. All but one are well above 100k miles and the last is catching up fast. After a costly restoration the M635 is used sparingly in rain and never in salt but anyone who knows E24's and 28's will know how readily they crumble in damp conditions. The rest sit outside, hoping for some cover but having to be used in all weathers until sanctuary, and a winter beater, is found.My example: I paid four figures for my M5. At the time, I was on the road to building an S50B32-powered 518i. The M5 came up for sale locally so I decided to go and take a look. It was OK, so I bought it with the intention of tarting it up a bit and punting it on. Between buying and advertising, values went up. I decided to chance my arm at the top end of what it might be worth, and (lucky for me) it didn't sell.
Would I have paid £20k at that time for an M5? I don't think so - I'd have carried on with the 518i project.
That said, the inevitable happened whereby the project spent long enough off the road that I got a bit bored, I spent more time in the M5 and I started to use it - it's done a couple of Le Mans trips, been to the Silverstone Classic etc etc. I've had some great drives in it, it gets more attention than I expected (and more than I'd like, to be honest). I'm now into it for a good chunk more than it's worth, but I can't see me selling it in the next 10 years at least - I've got plans for things I'd like to do, places I'd like to go in it.
The concerns of the market don't bother me in terms of keeping the mileage down (226k now I think), and I'm starting to plan a re-run of GP's jaunt to Skandiwegia in it (hopefully with less Red Bull and more personal hygiene).
That ^^^ load of waffle is what bugs me about the current state of the market - there are some great cars that are being snapped up and locked away instead of fulfilling their raison d'êtres. If these cars really are being bought as commodities by investors with intricate knowledge of the cost of everything and the value of nowt, bring on the bursting of the bubble and the liberation of the entertainers of yesteryear.
Did I mention I've got an M5 >yawn< etc
I doubt I could afford an M635 now; the insurers tell me the E34 is also beyond my means and recent B12 transactions leave me similarky shocked, so I use them them while I can and only the M635 is assured a definite future as my 8 year old daughter has baggsied it for when she is 25 years old.
Cheburator mk2 said:
I think they were about £50 to £60k. I am sure Paul (clubsport) can give you a better picture...
I seem to remember they were even lower than that: £40K-£45K or so. I'm sure clubsport will sell you his for about that ... 
We were also all ranting about 993 GT2s being £120K back then.
olly22n said:
Cheburator mk2 said:
olly22n said:
and at their cheapest?
I think they were about £50 to £60k. I am sure Paul (clubsport) can give you a better picture...
Dog's cock.
Speaking of which, an erstwhile threadist had a DKR 993RS at around the values mentioned above.
I'd like an inventory of these, just for a giggle. Please help! Also add anything thread-interesting. I’m provisionally naming it the “wiki of woe” (have-nots) aka “my pension can oversteer” (haves) 
Entirely unscientific as (i) mostly anecdotal – what’s you sense /recollection; and (ii) the percentage increase, like the rest, is purely hypothetical be-winged pie, obvs (a given car bought low would not necessarily achieve the high of a better example, as clearly the lows may concern cars less than optimal and the highs the time-warp garage queens / big money restofinds). Professional traders may assist -
L100NY! :
TFI Friday.
Entirely unscientific as (i) mostly anecdotal – what’s you sense /recollection; and (ii) the percentage increase, like the rest, is purely hypothetical be-winged pie, obvs (a given car bought low would not necessarily achieve the high of a better example, as clearly the lows may concern cars less than optimal and the highs the time-warp garage queens / big money restofinds). Professional traders may assist -
L100NY! :| Model | Low? | High? | % Increase? |
|---|---|---|---|
| E24 M | ??? | ??? | ??? |
| E28 M5 | ??? | ??? | ??? |
| E30 M3 | £7k | £100k | 1,329%! |
| E34 M5 | £4.5k | £35k? | 700% |
| E46 CSL | £25k? | £60k? | 140% |
| 2.2S | ??? | ??? | ??? |
| 3.2 CS | ??? | ??? | ??? |
| 964 RS | £25k? | £200k? | 700% |
| 993 RS | £50k? | £300k? | 500% |
| 996 GT3 | £35k | £70k | 100% |
| F355 | ??? | ??? | ??? |
| 288 GTO | ??? | ??? | ??? |
| F40 | ??? | ??? | ??? |
| F50 | ??? | ??? | ??? |
TFI Friday.
I think the best (or worst) I've ever heard must be Nick Masons 250 GTO, according to an EVO article a few months back he bought it in the late 70's/early 80's for £16k, Talacrest have a GTO for sale for £45 mill, that's not to say anyone will pay that but I think Masons car is probably even more sort after.
I can't say I got close but remember thinking 550 Maranello's looked stonking value at £40k a few years back, I do wonder where a good manual one of those may end up in years to come !
I can't say I got close but remember thinking 550 Maranello's looked stonking value at £40k a few years back, I do wonder where a good manual one of those may end up in years to come !
Other than the yellow moon mileage 355 which was doing the rounds, I don't think 355's went much below £30k. Now maybe around 75 or more?
I was tempted by a 550 at £35k a few years back. Flangio looked at it as well.
Strange how Mercs seem to have missed the boat though (gullwings, grosser and pagodas aside).
I was tempted by a 550 at £35k a few years back. Flangio looked at it as well.
Strange how Mercs seem to have missed the boat though (gullwings, grosser and pagodas aside).
TheRocket said:
I can't say I got close but remember thinking 550 Maranello's looked stonking value at £40k a few years back, I do wonder where a good manual one of those may end up in years to come !
There was one for sale for £27k back at the bottom of the market. I scoffed when Gerald suggested it wanted buying - I'm kicking myself now.I think a manual 550 is the only one that got away for me.
olly22n said:
996 GT3 - 911V had a 125k miles one with PCCB's for £25k - anyone remember it?
It had 180k miles!I met the chap who bought it, at a track day a few years ago. He had done nothing to it and it was serving him admirably as a track day toy. It was soon to pass the 200k mile mark and that was in 2014.
The 1st owner who did all the mileage was a businessman who didn't like flying so drove his GT3 to all his meetings around Europe instead.
olly22n said:
braddo said:
olly22n said:
996 GT3 - 911V had a 125k miles one with PCCB's for £25k - anyone remember it?
It had 180k miles!I met the chap who bought it, at a track day a few years ago. He had done nothing to it and it was serving him admirably as a track day toy. It was soon to pass the 200k mile mark and that was in 2014.
The 1st owner who did all the mileage was a businessman who didn't like flying so drove his GT3 to all his meetings around Europe instead.
In hindsight I should have just ponied up for Jeremys baked bean and be done with it.
ferrisbueller said:
There are only manuals.
Well spotted the deliberate mistake Incidentally found this on tinterweb, not sure how true but a 575 manual would appear to be quite a rare beast
'550 production 3083, all three pedal cars. 575M production 2064 cars, 246 three pedal, all the rest F1.'
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