whats a very rough E30 M3 worth?

whats a very rough E30 M3 worth?

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Discussion

E30M3SE

8,467 posts

196 months

Wednesday 10th October 2012
quotequote all
Pothole said:
don't know who that person is, but no that's not my name. (nor is it relevant to the thread.)
You made it relevant by posting a link to a 'Buying Guide' written by him.....................

Pothole

34,367 posts

282 months

Wednesday 10th October 2012
quotequote all
E30M3SE said:
Pothole said:
don't know who that person is, but no that's not my name. (nor is it relevant to the thread.)
You made it relevant by posting a link to a 'Buying Guide' written by him.....................
OK. OK. you're the main man, you know everything there is to know. YOU'RE RIGHT! YOU WIN!

Any pointers as to what the OP should be paying?

E30M3SE

8,467 posts

196 months

Wednesday 10th October 2012
quotequote all
rolleyes.........and now your just being a tool.

OP, if you want my opinion happy to converse via pm/email.

Over and out.


hesnotthemessiah

2,121 posts

204 months

Wednesday 10th October 2012
quotequote all
Pothole said:
E30M3SE said:
Pothole said:
That's better. Still doesn't answer the OP's question, though.
Here, you have your rattle back.....



I see you didn't answer mine either. wink
I don't know who that person is, but no that's not my name. (nor is it relevant to the thread.)
And here's yours.....




Now can we sort this guys query out.

Shish!

Pothole

34,367 posts

282 months

Wednesday 10th October 2012
quotequote all
I can't really see why I should be vilified here. I at least tried to answer the OP's question "what's it worth".

I never made out that I had any specific knowledge on the subject, I simply referred to a buyer's guide from the biggest selling classic car magazine in the world. (I know size isn't everything, but you'd expect them to know something, at least - they do keep a fairly close eye on auction prices, for instance)

I still have no idea whether the figure I quoted from the guide is anywhere near correct because the 'expert' has refused to say.

I was just trying to help the OP.

Gruber

6,313 posts

214 months

Wednesday 10th October 2012
quotequote all
Pothole said:
I can't really see why I should be vilified here.
You're not being vilified. You're just coming across as a plonker. You made a good point, but then you took it too far.

Pothole said:
...because the 'expert' has refused to say.
You see?

Please let is rest, stop spoiling the thread, and let's hope the OP comes back with some further info on the car he's found.

Pothole

34,367 posts

282 months

Wednesday 10th October 2012
quotequote all
wavey

Gruber

6,313 posts

214 months

Wednesday 10th October 2012
quotequote all
OP: I've been thinking about this a bit more today, spurred on by the M635 that Coys are pushing through that also seems to be in need of significant work.

The problem is that there are so few rough ones on the market that it's difficult to make any sensible guess at "market value". It's the old "it's worth whatever someone's prepared to pay". So it's best to do a deal privately, rather than letting ebay get over-excited about it.

With values of good ones continuning to climb, lots of mediocre cars will have been tarted up, leaving fewer and fewer in the "condition 2 / 3" brackets.

If you could get it for £2-3k, then I think (for what my opinion is worth... i.e. bugger all) it would be a steal. But you'll have seen Steve's post above, which just goes to show how much more you could end up spending making it perfect.

And ultimately, you need to work out how "rough" it really is and how much time, effort and cash you're prepared to throw at it to make it right. And even then, it'll only be worth doing if you then want to keep it. Unless prices for standard cars rise further, I stand by my earlier comment that there's unlikely to be much / any profit in it.



Edited by Gruber on Wednesday 10th October 13:51

stevesingo

4,854 posts

222 months

Wednesday 10th October 2012
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I would offer him £3000 and if he bites, buy it and make an assessment as to three options;

1, Keep it and restore if it doesn't need too much. If you put £10k in to it it will be worth £15-18k, put £20k in to it it will be worth £23-25k if it is mint.

2, Keep it and put the bare minimum in to it to use it and drive the wheels off it, before moving to option 3.

3, Break it and sell the parts for a profit. Engines are worth £1500+, Gearboxes £500, front struts £900 pair, Diff £250, wheels (16") £400+ and that's before getting in to the bits and bobs that are hard to get hold of these years. If you work at it, it could be worth over £4k as spares.

Steve

Mermaid

21,492 posts

171 months

Wednesday 10th October 2012
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stevesingo said:
I would offer him £3000 and if he bites, buy it and make an assessment as to three options;

1, Keep it and restore if it doesn't need too much. If you put £10k in to it it will be worth £15-18k, put £20k in to it it will be worth £23-25k if it is mint.

2, Keep it and put the bare minimum in to it to use it and drive the wheels off it, before moving to option 3.

3, Break it and sell the parts for a profit. Engines are worth £1500+, Gearboxes £500, front struts £900 pair, Diff £250, wheels (16") £400+ and that's before getting in to the bits and bobs that are hard to get hold of these years. If you work at it, it could be worth over £4k as spares.

Steve
Good post thumbup

Gruber

6,313 posts

214 months

Wednesday 10th October 2012
quotequote all
Mermaid said:
stevesingo said:
I would offer him £3000 and if he bites, buy it and make an assessment as to three options;

1, Keep it and restore if it doesn't need too much. If you put £10k in to it it will be worth £15-18k, put £20k in to it it will be worth £23-25k if it is mint.

2, Keep it and put the bare minimum in to it to use it and drive the wheels off it, before moving to option 3.

3, Break it and sell the parts for a profit. Engines are worth £1500+, Gearboxes £500, front struts £900 pair, Diff £250, wheels (16") £400+ and that's before getting in to the bits and bobs that are hard to get hold of these years. If you work at it, it could be worth over £4k as spares.

Steve
Good post thumbup
+1.

Option 2 is hugely appealing. I quite fancy doing this with a Merc 190E 2.3-16v thingy at some stage.

hoppo4.2

Original Poster:

1,531 posts

186 months

Wednesday 10th October 2012
quotequote all
option 2 is what i had planned to do with my current e39 m5 but i ended up liking it too much and spending too much to get it all working as per.

i will be back in that area tomorrow so i will try and get a few pics and some more info.

when ever i do one of these type of things my plan is to spend as little as poss to make it a good car use it for a 6 months /a year then break even or even a small profit.

ArmaghMan

2,409 posts

180 months

Wednesday 10th October 2012
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hoppo4.2 said:
on my travels today i spotted a very grotty looking e30 sitting on a drive looking like it hadnt moved in years. on closer inspection it turns out to be a genuine M3.

There was no one home when i knocked on the door.

now i would love to save this car if the guy is willing to sell but whats it worth?

i no that question is dependent on condition but lets say it must have been there 10 years.
I have no intention of getting embroiled in arguments on value, specs., etc. etc. I could put all of my E30 M3 knowledge on a samp .
But I note the OP's phrase ...save this car. He doesn't seem to be after a fast buck or even a slow one, but rather to want to bring an iconic car back to its former glory. If its been sat years the owner may be of the same mind but not have the funds/ability to restore.
I'd try and come to some sort of deal about future sale. If you sell within 5 years he gets 25% of the profit?
And then bid him low money. He may want to see it go to a genuine enthusiast.

hoppo4.2

Original Poster:

1,531 posts

186 months

Thursday 11th October 2012
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i called by the house again today and there was an older guy in this time. he explained that it was his sons car and had not moved in a number of years. at least five he said.

he son in question no longer lives there so he said he would pass my details on he can call me if hes interested in selling. fingers crossed

now i couldnt really tramp accross the guys garden and start taking lots of pics but i did get a quick snap from the pavement. it look alot better then it is.


hesnotthemessiah

2,121 posts

204 months

Thursday 11th October 2012
quotequote all
NIGHTMARE!!!!

The centre caps are missing.....That means that errrrrrrr.... The centre caps are missing.

Just kidding. biggrin

Bit of a blurry pic but....

Mermaid

21,492 posts

171 months

Thursday 11th October 2012
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Lachs silver 200ps car?

hoppo4.2

Original Poster:

1,531 posts

186 months

Thursday 11th October 2012
quotequote all
sorry the pics not brill but it was from accross the road in my car on a phone.

Gruber

6,313 posts

214 months

Thursday 11th October 2012
quotequote all
Well the steering wheel is on the proper side, so that's a good start! wink

I'll be very interested to hear how this pans out!

Hoofty

654 posts

190 months

Thursday 11th October 2012
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Looks a bit more like Sterling to me - bit bright for Lachs, no?

Edit: which might make it a 215hp. Fingers crossed...

Edited by Hoofty on Thursday 11th October 21:15

stevesingo

4,854 posts

222 months

Thursday 11th October 2012
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It's on a G plate so it will be a 215 model, and it looks like Sterling to me, which is my favourite colour!