RE: ?50K E46 M3!
Monday 10th October 2016
It's well known that certain classic cars are attracting huge premiums right now. What you may not be as aware of - certainly it was a surprise to us - is just how much fairly normal performance cars are now commanding.
Fifty thousand pounds. Fifty thousand poundsTake Exhibit A, an Alpine White BMW E46 M3 for sale at Hexagon. CSLs went berserk a while back, but now it seems the standard M3s are following suit. Sure, with just 2,300 miles since 2005 this is an extreme case, but who would have guessed £49,995 a couple of years back? It's even SMG...
£50K E46 M3!
Another day, another crazy used car valuation
Fifty thousand pounds. Fifty thousand pounds
For a more modest budget, Hexagon also has a pair of 330is for sale. There's an Estoril Blue Clubsport (a bit of carbon, some soundproofing taken out and a rear spoiler over a normal 330) available at £23,995 because it's only covered 2,300 miles. Then, for £20,995, is a standard 330Ci M Sport. It has just 1,300 miles recorded, a ludicrous figure and perhaps the lowest in the country. It's an automatic too, so forgetany ideas of a drift project now.
Over to you then: can 3 Series of this calibre justify such huge money? Will these prices be made to look good value in a decade's time? Who knows, but for our money this £14K E46 M3 manual looks much more fun than leaving any of those three in a collection...
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Discussion
Aaron_W said:
Seeing as this will obviously be an investment car that will be dry stored in a garage nicer than an average house, would it not be financially smarter to get a CSL? I know they're already a lot but even with quite a few K on the clock they've gotta keep shooting up?
Surely the buyer would have a CSL already? I wonder if there's not a 'Painini'-isation going on amongst collectors. Because this isn't PistonCollectors we may never know, but when I did football 80 the rarer stickers went up in value massively, earning huge piles of trades.
Looking at the Preston North End badge sticker in and of itself any rational person would think, so what? Yet if it was one of the 8 remaining gaps in the sticker book, well you'd consider selling siblings for it.
In and of itself it's impossible to make a sane case for the valuation, but to build a low mileage M-car collection, maybe the right person will.
JohnGoodridge said:
Surely the buyer would have a CSL already?
I wonder if there's not a 'Painini'-isation going on amongst collectors. Because this isn't PistonCollectors we may never know, but when I did football 80 the rarer stickers went up in value massively, earning huge piles of trades.
Looking at the Preston North End badge sticker in and of itself any rational person would think, so what? Yet if it was one of the 8 remaining gaps in the sticker book, well you'd consider selling siblings for it.
In and of itself it's impossible to make a sane case for the valuation, but to build a low mileage M-car collection, maybe the right person will.
I'm sure a CSL would be lurking in an M collectors garage, I'd be a poor judge of car collecting as I couldn't resist a sunday blast in something like a CSL or a new old M3I wonder if there's not a 'Painini'-isation going on amongst collectors. Because this isn't PistonCollectors we may never know, but when I did football 80 the rarer stickers went up in value massively, earning huge piles of trades.
Looking at the Preston North End badge sticker in and of itself any rational person would think, so what? Yet if it was one of the 8 remaining gaps in the sticker book, well you'd consider selling siblings for it.
In and of itself it's impossible to make a sane case for the valuation, but to build a low mileage M-car collection, maybe the right person will.
One day I can see these E46 M3s at high prices, once the high-mileage skipped maintenance fodder disappears and over time these will be regarded as the last of timeless design BMWs that were fairly understated yet very good clean design and purposeful - not to mention a 6-cylinder n/a (not in this case - ) manual RWD performance car that isn't a 911.
We aren't at this day yet.
We aren't at this day yet.
It sold but the one for sale on M3cutters looked pretty good nick!
http://forums.m3cutters.co.uk/showthread.php?s=ec3...
http://forums.m3cutters.co.uk/showthread.php?s=ec3...
I find the whole classic car market infuriating.
Everyone wants to make a profit, fair enough. But these classic car dealers like Hexagon, 4 Star etc. from day one have done nothing but artificially elevate the prices. Annoyingly they are good at finding and snapping up the low mileage and rare cars, but the premiums are only that high not by actual demand but that they initiate these rises in price themselves and there's always someone with the funds who wants the exclusivity who actually could have got the same car cheaper by cutting out the artificial middle man.
Everyone wants to make a profit, fair enough. But these classic car dealers like Hexagon, 4 Star etc. from day one have done nothing but artificially elevate the prices. Annoyingly they are good at finding and snapping up the low mileage and rare cars, but the premiums are only that high not by actual demand but that they initiate these rises in price themselves and there's always someone with the funds who wants the exclusivity who actually could have got the same car cheaper by cutting out the artificial middle man.
I just sold my E92 M3 Competition Pack to Hexagon.
I have mixed feelings about businesses like this.
On one hand I think fair play to them, they are happy to invest a lot of their money into cars that are scarce and then try and drive the market price for these themselves - they are taking the risk of buying stuff that may not appreciate or sell what they are asking for. It is a business plan. I know Hexagon basically owns the Z8 market for example now, which is relatively simple thing to do on such a low numbers produced car.
On the other hand, I feel like businesses like this prey on our weaknesses as petrolheads, with our soppy emotions about what I drove when I was 20 and so on... but you know what, nobody is forcing you to buy the cars that they have in stock
One thing is for sure, if you do want a very nice example of a car you can be almost guaranteed that businesses like this will provide arguably the best example around.
I got a great price for my E92 M3 CP and I did advertise it on Pistonheads and on autotrader. I got two phone calls, one from a local guy on a Sunday Test Drive day out and the other was from Hexagon themselves - who came to my house to see the car and transferred the money to my account that afternoon - they came and picked the car up 2 days later.
Probably the easiest car sale I have ever had.
I have mixed feelings about businesses like this.
On one hand I think fair play to them, they are happy to invest a lot of their money into cars that are scarce and then try and drive the market price for these themselves - they are taking the risk of buying stuff that may not appreciate or sell what they are asking for. It is a business plan. I know Hexagon basically owns the Z8 market for example now, which is relatively simple thing to do on such a low numbers produced car.
On the other hand, I feel like businesses like this prey on our weaknesses as petrolheads, with our soppy emotions about what I drove when I was 20 and so on... but you know what, nobody is forcing you to buy the cars that they have in stock
One thing is for sure, if you do want a very nice example of a car you can be almost guaranteed that businesses like this will provide arguably the best example around.
I got a great price for my E92 M3 CP and I did advertise it on Pistonheads and on autotrader. I got two phone calls, one from a local guy on a Sunday Test Drive day out and the other was from Hexagon themselves - who came to my house to see the car and transferred the money to my account that afternoon - they came and picked the car up 2 days later.
Probably the easiest car sale I have ever had.
nbetts said:
I just sold my E92 M3 Competition Pack to Hexagon.
I have mixed feelings about businesses like this.
On one hand I think fair play to them, they are happy to invest a lot of their money into cars that are scarce and then try and drive the market price for these themselves - they are taking the risk of buying stuff that may not appreciate or sell what they are asking for. It is a business plan. I know Hexagon basically owns the Z8 market for example now, which is relatively simple thing to do on such a low numbers produced car.
On the other hand, I feel like businesses like this prey on our weaknesses as petrolheads, with our soppy emotions about what I drove when I was 20 and so on... but you know what, nobody is forcing you to buy the cars that they have in stock]
One thing is for sure, if you do want a very nice example of a car you can be almost guaranteed that businesses like this will provide arguably the best example around.
I got a great price for my E92 M3 CP and I did advertise it on Pistonheads and on autotrader. I got two phone calls, one from a local guy on a Sunday Test Drive day out and the other was from Hexagon themselves - who came to my house to see the car and transferred the money to my account that afternoon - they came and picked the car up 2 days later.
Probably the easiest car sale I have had lately.
Seen it on Auto Trader, I hope you traded it for something better because that thing was a stunner. I have mixed feelings about businesses like this.
On one hand I think fair play to them, they are happy to invest a lot of their money into cars that are scarce and then try and drive the market price for these themselves - they are taking the risk of buying stuff that may not appreciate or sell what they are asking for. It is a business plan. I know Hexagon basically owns the Z8 market for example now, which is relatively simple thing to do on such a low numbers produced car.
On the other hand, I feel like businesses like this prey on our weaknesses as petrolheads, with our soppy emotions about what I drove when I was 20 and so on... but you know what, nobody is forcing you to buy the cars that they have in stock]
One thing is for sure, if you do want a very nice example of a car you can be almost guaranteed that businesses like this will provide arguably the best example around.
I got a great price for my E92 M3 CP and I did advertise it on Pistonheads and on autotrader. I got two phone calls, one from a local guy on a Sunday Test Drive day out and the other was from Hexagon themselves - who came to my house to see the car and transferred the money to my account that afternoon - they came and picked the car up 2 days later.
Probably the easiest car sale I have had lately.
decided to check their site out. insane prices for low miles cars.
£12k for a 2003 325ci (12k miles)
£12k for a 2013 MINI cooper auto. (6k miles)
Who would ever want to pay so much for an odrinary car? infact there's a 2005 325ci (e46) with similar miles and they want £19,000 for it. madness i say!
£12k for a 2003 325ci (12k miles)
£12k for a 2013 MINI cooper auto. (6k miles)
Who would ever want to pay so much for an odrinary car? infact there's a 2005 325ci (e46) with similar miles and they want £19,000 for it. madness i say!
ambuletz said:
decided to check their site out. insane prices for low miles cars.
£12k for a 2003 325ci (12k miles)
£12k for a 2013 MINI cooper auto. (6k miles)
Who would ever want to pay so much for an odrinary car? infact there's a 2005 325ci (e46) with similar miles and they want £19,000 for it. madness i say!
Weekend drivers or collectors, can't imagine anyone spending 20K on an E46 fleet spec 3 series coupe unless it's being dry stored or driven slowly to Whitby on Sundays by Jon and Jill.£12k for a 2003 325ci (12k miles)
£12k for a 2013 MINI cooper auto. (6k miles)
Who would ever want to pay so much for an odrinary car? infact there's a 2005 325ci (e46) with similar miles and they want £19,000 for it. madness i say!
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