Discussion
Deptford Draylons said:
£24,000!!! It is missing it's S14 engine and dogleg gearbox and has a fairly rusty shell. Absolute madness!!An engine will probably be £5000+, a gearbox wont be cheap either.
It will cost a fortune to put that right.
Just because a mint example is £60,000 does not make a shed worth £24000!!
Edited by Bayerische on Sunday 9th April 01:02
Bayerische said:
Deptford Draylons said:
£24,000!!! It is missing it's S14 engine and dogleg gearbox and has a fairly rusty shell. Absolute madness!!An engine will probably be £5000+, a gearbox wont be cheap either.
It will cost a fortune to put that right.
Just because a mint example is £60,000 does not make a shed worth £24000!!
Edited by Bayerische on Sunday 9th April 01:02
Belongs to a chap who has posted on here.
Thing is, what is a rusty non original M3 worth?
If you really want one but simply can't afford £30-40-50k plus for a tidy one, do you take one on needing work?
Pay £15-20k, if you actually find one for that price, then pay to sort the issues over a long period of time.
When I was first starting out, everyone started with 1.0-1.3 versions of cars they wanted, Escorts, Golfs, Novas etc.
Once we got a bit older, saved a bit cash, we either did engine transplants or upgraded to the GTI, GTE, RS that we always wanted.
The people on here who say they aren't worth that tend to be existing owners who were fortunate enough to buy them when they were relatively cheap.
If you didn't own an E30 M3 now but really wanted one, would you really go out and spend £50k on one?
I know I simply couldn't afford to.
I was made an offer I chose not to refuse for my resto project M3 last year and it found a new owner.
I then nearly took an offer on my UK car, but after much thought, decided that if I sold it, in the current market i'd never own one again, so I decided to keep it.
Thing is, what is a rusty non original M3 worth?
If you really want one but simply can't afford £30-40-50k plus for a tidy one, do you take one on needing work?
Pay £15-20k, if you actually find one for that price, then pay to sort the issues over a long period of time.
When I was first starting out, everyone started with 1.0-1.3 versions of cars they wanted, Escorts, Golfs, Novas etc.
Once we got a bit older, saved a bit cash, we either did engine transplants or upgraded to the GTI, GTE, RS that we always wanted.
The people on here who say they aren't worth that tend to be existing owners who were fortunate enough to buy them when they were relatively cheap.
If you didn't own an E30 M3 now but really wanted one, would you really go out and spend £50k on one?
I know I simply couldn't afford to.
I was made an offer I chose not to refuse for my resto project M3 last year and it found a new owner.
I then nearly took an offer on my UK car, but after much thought, decided that if I sold it, in the current market i'd never own one again, so I decided to keep it.
sim16v said:
Belongs to a chap who has posted on here.
Thing is, what is a rusty non original M3 worth?
If you really want one but simply can't afford £30-40-50k plus for a tidy one, do you take one on needing work?
Pay £15-20k, if you actually find one for that price, then pay to sort the issues over a long period of time.
When I was first starting out, everyone started with 1.0-1.3 versions of cars they wanted, Escorts, Golfs, Novas etc.
Once we got a bit older, saved a bit cash, we either did engine transplants or upgraded to the GTI, GTE, RS that we always wanted.
The people on here who say they aren't worth that tend to be existing owners who were fortunate enough to buy them when they were relatively cheap.
If you didn't own an E30 M3 now but really wanted one, would you really go out and spend £50k on one?
I know I simply couldn't afford to.
I was made an offer I chose not to refuse for my resto project M3 last year and it found a new owner.
I then nearly took an offer on my UK car, but after much thought, decided that if I sold it, in the current market i'd never own one again, so I decided to keep it.
Good points about the barrier to entry on tidy E30 M3s these days. Thing is, what is a rusty non original M3 worth?
If you really want one but simply can't afford £30-40-50k plus for a tidy one, do you take one on needing work?
Pay £15-20k, if you actually find one for that price, then pay to sort the issues over a long period of time.
When I was first starting out, everyone started with 1.0-1.3 versions of cars they wanted, Escorts, Golfs, Novas etc.
Once we got a bit older, saved a bit cash, we either did engine transplants or upgraded to the GTI, GTE, RS that we always wanted.
The people on here who say they aren't worth that tend to be existing owners who were fortunate enough to buy them when they were relatively cheap.
If you didn't own an E30 M3 now but really wanted one, would you really go out and spend £50k on one?
I know I simply couldn't afford to.
I was made an offer I chose not to refuse for my resto project M3 last year and it found a new owner.
I then nearly took an offer on my UK car, but after much thought, decided that if I sold it, in the current market i'd never own one again, so I decided to keep it.
So the idea of well priced, but poor condition E30 M3s are appealing, especially to buyers who can do lots of work themselves or can obtain serious mates' rates from body shops etc etc.
One could bring it back to its former glory over a long period of time, when and as finances allow. I feel this is a perfectly acceptable angle to enter into E30 M3 ownership. Plus I suppose its quite satisfying watching your car be transformed over time and to be honest will probably create a strong bond with the owner. Perhaps more than buying a minter and cruising around in it.
Having said all of the above I bought a pretty good condition one. But I have known my car since it was first imported from Gernany in 1997 or so.
Bayerische said:
£24,000!!! It is missing it's S14 engine and dogleg gearbox and has a fairly rusty shell. Absolute madness!!
An engine will probably be £5000+, a gearbox wont be cheap either.
It will cost a fortune to put that right.
Just because a mint example is £60,000 does not make a shed worth £24000!!
i have priced it at 24 to put off all of the low ball offers of £10k, if someone is genuinly intersted they will view the car and then make an offer, whats the point in not putting it up for a higher price at first to try your luck? im sure if it was your car you would do the same, everybody wants money right? An engine will probably be £5000+, a gearbox wont be cheap either.
It will cost a fortune to put that right.
Just because a mint example is £60,000 does not make a shed worth £24000!!
Edited by Bayerische on Sunday 9th April 01:02
This is why I bought a non original car that needed a bit of work. I bought and sold 4 others, made a little cash on each, then saved the rest. Yes, I could have probably bought a pretty nice example with all I've spent in the past 2 years, but a) I always wanted to modify / personalise mine and b) values increased more quickly than my savings! I would rather spend a little over the odds on a project and actually have one to call my own, than miss out all together. That said, the M3 is the car I have always wanted and I'd have one if it was only worth a couple of £k.
It's good to know this car will still most likely be saved either way.
I'm still waiting for the pics of the £20k cars spoken of earlier in this thread.
It's good to know this car will still most likely be saved either way.
I'm still waiting for the pics of the £20k cars spoken of earlier in this thread.
Thing is, the cars are 30+ years old.
No one can know for certain the full history of their cars, unless they know the full ownership history, and even then, some owners wouldn't want their friends knowing that they crashed their car.
I had my first M3 in about '98, my current one since about '02, bought when they really were worth very little.
I'd always been really "in to them" as my dad had one as a company car back in the day, almost certainly the first Warsteiner car in the UK.
I've also saved a lot of photos that have cropped up on the interweb over the years and know of a lot of cars that have "history" but most likely not recorded.
Bumped at the Nurburgring and brought back and repaired, crashed in the UK but not claimed for, and I know some of those cars have sold for £20-30k as proper mint historied cars over the last two years.
No one can know for certain the full history of their cars, unless they know the full ownership history, and even then, some owners wouldn't want their friends knowing that they crashed their car.
I had my first M3 in about '98, my current one since about '02, bought when they really were worth very little.
I'd always been really "in to them" as my dad had one as a company car back in the day, almost certainly the first Warsteiner car in the UK.
I've also saved a lot of photos that have cropped up on the interweb over the years and know of a lot of cars that have "history" but most likely not recorded.
Bumped at the Nurburgring and brought back and repaired, crashed in the UK but not claimed for, and I know some of those cars have sold for £20-30k as proper mint historied cars over the last two years.
e21Mark said:
E30M3SE said:
e21Mark said:
I'm still waiting for the pics of the £20k cars spoken of earlier in this thread.
'Elvis has left the building', thought he made that quite clear in his final post on the thread, draw your own conclusions as to why.
/quote]
I was hoping to buy it off him, i would have even give him a good few grand profit
sam1995 said:
Bayerische said:
£24,000!!! It is missing it's S14 engine and dogleg gearbox and has a fairly rusty shell. Absolute madness!!
An engine will probably be £5000+, a gearbox wont be cheap either.
It will cost a fortune to put that right.
Just because a mint example is £60,000 does not make a shed worth £24000!!
i have priced it at 24 to put off all of the low ball offers of £10k, if someone is genuinly intersted they will view the car and then make an offer, whats the point in not putting it up for a higher price at first to try your luck? im sure if it was your car you would do the same, everybody wants money right? An engine will probably be £5000+, a gearbox wont be cheap either.
It will cost a fortune to put that right.
Just because a mint example is £60,000 does not make a shed worth £24000!!
Edited by Bayerische on Sunday 9th April 01:02
I didn't mean to belittle your car in public, I didn't know it was owned by a forum member.
I'm not trying to talk down prices, I was lucky enough to buy one 3 years ago so I have no vested interest in talking down prices.
I think the market will find the true value of your car, sure it needs a lot of work and parts but it is still a desireable E30 M3. Obviously it's worth more than £10K in its current condition, the danger with putting it too high is that you might scare buyers away, hopefully you and the future buyer will meet somewhere in the middle between £10K and £24K.
The main thing is that this car will hopefully get restored. Good luck with the sale
Bayerische said:
sam1995 said:
Bayerische said:
£24,000!!! It is missing it's S14 engine and dogleg gearbox and has a fairly rusty shell. Absolute madness!!
An engine will probably be £5000+, a gearbox wont be cheap either.
It will cost a fortune to put that right.
Just because a mint example is £60,000 does not make a shed worth £24000!!
i have priced it at 24 to put off all of the low ball offers of £10k, if someone is genuinly intersted they will view the car and then make an offer, whats the point in not putting it up for a higher price at first to try your luck? im sure if it was your car you would do the same, everybody wants money right? An engine will probably be £5000+, a gearbox wont be cheap either.
It will cost a fortune to put that right.
Just because a mint example is £60,000 does not make a shed worth £24000!!
Edited by Bayerische on Sunday 9th April 01:02
I didn't mean to belittle your car in public, I didn't know it was owned by a forum member.
I'm not trying to talk down prices, I was lucky enough to buy one 3 years ago so I have no vested interest in talking down prices.
I think the market will find the true value of your car, sure it needs a lot of work and parts but it is still a desireable E30 M3. Obviously it's worth more than £10K in its current condition, the danger with putting it too high is that you might scare buyers away, hopefully you and the future buyer will meet somewhere in the middle between £10K and £24K.
The main thing is that this car will hopefully get restored. Good luck with the sale
I can imagine you'd be inundated with low ball "cash now bruv" offers but hopefully it'll go to someone who wants to build themselves a proper example.
GLWS.
This 215bhp car which does not have its original engine sold for £34,650 incl buyers premium and VAT at auction over the weekend.
http://www.angliacarauctions.co.uk/en/classic-auct...
http://www.angliacarauctions.co.uk/en/classic-auct...
Bayerische said:
This 215bhp car which does not have its original engine sold for £34,650 incl buyers premium and VAT at auction over the weekend.
http://www.angliacarauctions.co.uk/en/classic-auct...
Is it just me or does the underside look as though their could be some issues beneath that underseal?http://www.angliacarauctions.co.uk/en/classic-auct...
Bayerische said:
This 215bhp car which does not have its original engine sold for £34,650 incl buyers premium and VAT at auction over the weekend.
http://www.angliacarauctions.co.uk/en/classic-auct...
http://www.angliacarauctions.co.uk/en/classic-auct...
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