BMW 1m - £ 59,000
Discussion
I must say £ 59,000 is crazy but if you have the money & that's what you want I doubt you will find a lower mile example, well that's what Sytners are banking on !!!!
I bet whoever traded that in did not get anywhere near that.
Sadly money in the bank is doing nothing these days so I have put mine in the garage, I think it's worth the gamble as there is so little to lose
I bet whoever traded that in did not get anywhere near that.
Sadly money in the bank is doing nothing these days so I have put mine in the garage, I think it's worth the gamble as there is so little to lose
I wouldn't not drive a car based on an asking price. Also it has 3k miles so appeals to collectors, yours has 22k so it's a different proposition, if in 5 years it had 29k miles on it I wouldn't see the value being drastically different and you'd have enjoyed driving it. Also in 5 years once the glut of cheap finance has dried up people will not be throwing money at cars which might go up in value so you could end up packing away a tremendous car for no real gain.
paddokx said:
Sytner - High Wycombe have a White 1M with 3,583 miles for £ 59,000, would be interested to hear peoples comments on this one.
I have a Valencia Orange December 11 with 22k miles now put away in the garage for the next 3-5 years, will be interesting to see what happens to the values.
When I was a lad I had one of the original RS Turbo Escorts (the one you could have in any colour providing it was white!). Looking back it wasn't especially great dynamically (rough engine, a fair bit of turbo lag, excessive torque steer, etc) but to my amazement I saw in this month's EVO that one has apparently sold at a classic car auction for £60k (see link below). I assume it was mint condition and was obviously ultra low mileage but even so that money for one of those seems utter madness to me and actually makes £59k for a 1M almost seem like a bargain; personally I think both prices are crazy bonkers but I suppose it just goes to show that cars (like houses) are worth what someone's prepared to pay for them......I have a Valencia Orange December 11 with 22k miles now put away in the garage for the next 3-5 years, will be interesting to see what happens to the values.
https://www.silverstoneauctions.com/1985-ford-esco...
soad said:
snorkel sucker said:
What a waste of a great driver's car.
What's stopping you buying it? 
The same could be said for low mileage limited edition Ducatis..."collectors" specials.
It's quite up to whoever is able to own the car(s) in question, or indeed any other car that, at the moment, seem to be rising in value whether they wish to use them or store them.
In my opinion - and I'd like to think I would practice what I preach should I ever be in a position to afford one - performance cars are built to be driven and enjoyed, not tucked away for years at a time.
Each to their own though!
What's the situation if you stick a 1MC in the garage for 5 years SORN regarding maintenance and future value?
No car thrives on neglect- would it just be a case of getting it serviced and MOT'd when you eventually push it out of the garage to cash in?
Wouldn't most buyers prefer a car has been kept serviced and on the road rather than SORN?
If an E30 M3 can sell for £100k plus, it's not surprising a 1M can command such strong money. They're great cars, numbers are limited and there's strong demand.
I'm not a fan of such great cars being squirrelled away as investments. It's drives the prices up and out of reach for the average enthusiast. It's happened with E30 M3 and you'll rarely see them being used as intended because owners are too worried about the financial implications, should they bin it. Cars like these are iconic because of the way they drive, not the way they sit under dust covers in dehumidified garages.
I'm not a fan of such great cars being squirrelled away as investments. It's drives the prices up and out of reach for the average enthusiast. It's happened with E30 M3 and you'll rarely see them being used as intended because owners are too worried about the financial implications, should they bin it. Cars like these are iconic because of the way they drive, not the way they sit under dust covers in dehumidified garages.
david hockney said:
What's the situation if you stick a 1MC in the garage for 5 years SORN regarding maintenance and future value?
No car thrives on neglect- would it just be a case of getting it serviced and MOT'd when you eventually push it out of the garage to cash in?
Wouldn't most buyers prefer a car has been kept serviced and on the road rather than SORN?
I know someone who has an F40 and it does on the whole 16 miles a year, these are the miles to the dealer and back for it/ yearly service etc.No car thrives on neglect- would it just be a case of getting it serviced and MOT'd when you eventually push it out of the garage to cash in?
Wouldn't most buyers prefer a car has been kept serviced and on the road rather than SORN?
I understand cars left for a long time don't go well as things seize and perish on items?
paddokx said:
Sadly money in the bank is doing nothing these days so I have put mine in the garage, I think it's worth the gamble as there is so little to lose
There's lots to loose.....3-5 years worth of 1M driving which you'll never get back....unless you don't actually like the car, in which case laying it up is still not a wise move, as car's really don't like being not used.I did that over 20 years ago with my Sunbeam-Lotus, laid up for 2 years as something major broke on it and having just taken on a big mortgage simply couldn't afford to fix it (it was a toy not my transport at the time)....but even though I thought I had laid it up as best I could, it seemed to have endless little niggles after it was re-commissioned. It was a low miles car prior to being laid up as well, and now, I'd rather buy a looked after car with higher miles than a low mile car that has been little used.
Of course if the intention is pure non-use collectors or museums who never intend driving them it doesn't matter.
Good grief people £59k for BMW 1 series is ridiculous. You could buy a second hand Ferrari for that. Ask yourself which would look better on the drive, Italian exotica or a suped up shopping car? Most people would look no further than BMW 1 series and not care about the spec, me for one.
MKnight702 said:
Good grief people £59k for BMW 1 series is ridiculous. You could buy a second hand Ferrari for that. Ask yourself which would look better on the drive, Italian exotica or a suped up shopping car? Most people would look no further than BMW 1 series and not care about the spec, me for one.
I like the fact that the 1M looks relatively inconspicuous yet has blistering performance-only sports car enthusiasts in the know would spot a 1M and recognise it as being something special compared
to 'a 1 series'.
I'm not fussed about what looks good on the drive because I couldn't care less what the locals think.
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