CSL values?

CSL values?

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Discussion

Crimp a Length!

Original Poster:

5,697 posts

222 months

Wednesday 5th March 2014
quotequote all
Hi all not a regular poster on here so be gentle, mainly a Porsche man but do like my beemers
Probably been done to death but what is the value of an 03 CSL with approx 70k miles, good history etc if a private sale?

Yanto

543 posts

207 months

Wednesday 5th March 2014
quotequote all
Crimp a Length! said:
Hi all not a regular poster on here so be gentle, mainly a Porsche man but do like my beemers
Probably been done to death but what is the value of an 03 CSL with approx 70k miles, good history etc if a private sale?
C.27k

abidr500

148 posts

156 months

Wednesday 5th March 2014
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Crimp
I love your gt3. Don't sell it!

70 k csl will be early to mid 30's I believe.

abidr500

148 posts

156 months

Wednesday 5th March 2014
quotequote all
Sorry. I think 28k is right having just looked at what nick Johnson is selling his cars for. Apologies for the over zealous first stab

Yanto

543 posts

207 months

Wednesday 5th March 2014
quotequote all
abidr500 said:
Crimp
I love your gt3. Don't sell it!

70 k csl will be early to mid 30's I believe.
Good lad smile

shim

2,050 posts

207 months

Wednesday 5th March 2014
quotequote all
2 years ago a 60k miler was selling for £21-22k

Now a 60k miler will sell for £26-28 so £70k I'd say £25.5-27k

Boarder1

196 posts

246 months

Friday 7th March 2014
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I would say Shim is almost on the money for pricing, though Nick Johnson will pay you 21k for said car and sell for 31k!

shim

2,050 posts

207 months

Friday 7th March 2014
quotequote all
Boarder1 said:
I would say Shim is almost on the money for pricing, though Nick Johnson will pay you 21k for said car and sell for 31k!
Hold it......so would I smile

Boarder1

196 posts

246 months

Monday 10th March 2014
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Wouldn't anyone!

But if you're selling don't be tempted to sell to a dealer!

Real market price cannot be reflected in what the dealers have the cars priced for, I think most CSl's are sold between private individuals, so the private sales reflect an almost truer market picture.

Leins

9,414 posts

147 months

Monday 10th March 2014
quotequote all
The dealers are the ones now setting the market prices to a degree, and individual private sellers are just following the trend. It's by no means a coincidence that the likes of MLs, NJ and Hexagon are beginning to almost "stock pile" CSLs and corner the market

Despite the amount of talk on forums and in the press about E46 CSLs of late, they're still a pretty rare car and getting rarer all the time, plus many owners have no desire to sell in the short to medium term. With a rise in demand for these cars of late, many private sellers are beginning to eye the dealer prices and set accordingly. If you're a buyer and you really want one, the time is approaching where you're just going to have to pay up or find something else

The days of "it's not that different to a standard M3" are behind us now, and I believe there are few out there in the hunt for a CSL who would realistically consider an E92 M3 as an alternative for a weekend toy. 1M is a slightly different propostion, but again they're pretty rare cars in the grand scheme, and a GT3 of any variety will cost a good chunk more still

abidr500

148 posts

156 months

Wednesday 12th March 2014
quotequote all
Leins said:
The dealers are the ones now setting the market prices to a degree, and individual private sellers are just following the trend. It's by no means a coincidence that the likes of MLs, NJ and Hexagon are beginning to almost "stock pile" CSLs and corner the market

Despite the amount of talk on forums and in the press about E46 CSLs of late, they're still a pretty rare car and getting rarer all the time, plus many owners have no desire to sell in the short to medium term. With a rise in demand for these cars of late, many private sellers are beginning to eye the dealer prices and set accordingly. If you're a buyer and you really want one, the time is approaching where you're just going to have to pay up or find something else

The days of "it's not that different to a standard M3" are behind us now, and I believe there are few out there in the hunt for a CSL who would realistically consider an E92 M3 as an alternative for a weekend toy. 1M is a slightly different propostion, but again they're pretty rare cars in the grand scheme, and a GT3 of any variety will cost a good chunk more still
isnt it rather the case that the dealers know what they will be able to sell the cars for, and so the prices are set accoringly. its only hexagon that are away with the fairies.


Leins

9,414 posts

147 months

Wednesday 12th March 2014
quotequote all
^^^ OK I agree that there seems to be a gap between Hexagon and the other vendors, but that will narrow. If all the dealers raised their prices to the same level as Hexagon, and private sellers raised theirs' by a similar proportion, would CSL sales dry up? I don't believe they would, and that's what's going to happen over time I think. The old cliche of "they only made a limited amount" is true

There are very few cars out there that would tempt me out of the CSL at < £50k, so until the gap is bridged to 996 GT2 / CLK Black values I for one have no inclination to move mine on. And even then...

NicoG

640 posts

207 months

Monday 17th March 2014
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shim said:
2 years ago a 60k miler was selling for £21-22k

Now a 60k miler will sell for £26-28 so £70k I'd say £25.5-27k
I agree completely. I was looking a couple of years ago when these cars were selling for 21-22K.
I was convinced they had bottomed-out at this point and actually represented good value.
Went to look at a couple that had had very dodgy resprays on areas that just should not have needed it through general wear and tear. I couldn't get the image out of my head of them pirouetting down the armco at the Ring.

2 years on end of last year, I had seen that they were climbing fast. NJ mentioned in one recent ad that they had gone up 20%. They had. Some of that can probably be attributed to the 10-year anniversary, and associated hype, but they had undoubtably gone up from £22-£27K in asking prices - which IS roughly 20%.

The way I look at it is, that E30 Sport Evos never went lower than £12K for a straight car. Even with 120,000 miles on them. That was 10 years ago, we all know what's happened since...
Myself only TOO well having sold a Sport Evo for £15K I now literally feel sick thinking what it might be worth.

Accouting for some inflation, and for now ignoring the rareness of the Sport Evo itself,I think I am right in saying BMW actually made for than 5000 E30 M3s, although SEs, Ravaglia, Cecottos EvoIIs etc number together about the same as the CSLs ROUGHLY. An E30 M3 restoration rustbucket is now north of £12K.

So all things considered, I think CSLs might never have dropped as low as they did in 2012, they have bounced significantly in the past year, and I jumped in for 64K miler in Decemeber. I did so for one reason really; that it was "now or never" The car is an absolute peach, FDSH Inspection II the day before I paid, Warranty, On KW Clubsports but got OEM suspension with it too...

Drove it in the sunshine at the weekend, after being in storage for 3 months through the wet winter - it is an awesome machine, constantly straining at the leash. Anyone who thinks they're not much different to a normal M3 needs their heads recalibrated (or more likely hasn't driven one....)

They're going to rocket soon and the gap between them and 996 GT3 is wider than ever now really since they became modern classics. They will keep pace in relative terms...

"You're saying that because you own one" I hear you cry! Yes but I didn't in early December last year.

I don't think Hexagon prices are realistic, but wait a year and they will be.
As a poster said above - get one now or accept that they've passed you by!

After the Sport Evo Heartache, I wasn't prepared to let that happen.

Just my thoughts...






Edited by NicoG on Tuesday 18th March 09:12

Mermaid

21,492 posts

170 months

Monday 17th March 2014
quotequote all
NicoG said:
I think I am right in saying BMW actually made for than 5000 E30 M3s, although SEs, Ravaglia, Cecottos EvoIIs etc number together about the same as the CSLs ROUGHLY.
About 15k E30 M3's i thought.

CSL's about 1400 so probably about he same as the special E30 M3's.

A beardy will be along shortly to correct me. smile

trawler

178 posts

194 months

Monday 17th March 2014
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NicoG said:
.
Anyone who thinks they're not much different to a normal M3 needs their heads recalibrated (or more likely hasn't driven one....)
With comments like that you are going to start another war on PH.

Glad to hear you are enjoying the car & I could not agree more with your comment.

NicoG

640 posts

207 months

Tuesday 18th March 2014
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trawler said:
With comments like that you are going to start another war on PH.

Glad to hear you are enjoying the car & I could not agree more with your comment.
Sorry! I wasn't trying to be confrontational, more in agreement with another poster who said that we're well passed the point where people question the extra new price of the CSL over a standard car.

Certainly not rubbishing standard M3s either, I have driven E46s a lot but not owned one personally apart from the CSL.

In their own different ways both the standard car and the CSL are performance bargains - the more stratospheric the GT3 prices go the more CSLs seem like a bargain.

Mermaid

21,492 posts

170 months

Tuesday 18th March 2014
quotequote all
NicoG said:
- the more stratospheric the GT3 prices go the more CSLs seem like a bargain.
& they will always be.

Compare the E9 CSL from 1972/3 to the 911 RS from 1972/73 - at least an 8 fold difference and yet more 911RS's produced.


An immaculate 964RS will be worth twice what the similar vintage Sport Evo is. More 964RS's produced

0836whimper

974 posts

197 months

Tuesday 18th March 2014
quotequote all
I just renewed my insurance and increased the value of my CSL by 2k (despite having another 10k miles on the clock since I bought it in 2012)
Not often you get to do that.

Winter wheels and rubber came off yesterday and the proper alloys and Super Sports went on, obviously had to test to ensure all was working....cloud9

trawler

178 posts

194 months

Tuesday 18th March 2014
quotequote all
NicoG said:
Sorry! I wasn't trying to be confrontational, more in agreement with another poster who said that we're well passed the point where people question the extra new price of the CSL over a standard car.

Certainly not rubbishing standard M3s either, I have driven E46s a lot but not owned one personally apart from the CSL.

In their own different ways both the standard car and the CSL are performance bargains - the more stratospheric the GT3 prices go the more CSLs seem like a bargain.
No need to apologise, just having a bit of fun at the expense of some PHers.

Are you on the cslforum?

NicoG

640 posts

207 months

Wednesday 19th March 2014
quotequote all
trawler said:
No need to apologise, just having a bit of fun at the expense of some PHers.

Are you on the cslforum?
I am yes, although not yet posted any picture of the car as I haven't had a chance to detail it yet. Hopefully soon though!

Bought the car from Alister.