E30 M3 prices

[Bayerische]

Rich_W said:

Bayerische said:

Here is a better ad of the same car.

https://www.carandclassic.co.uk/car/C947207

In fairness it does look very clean and original.

Its the same wording. So it's the same problem

By better I meant easier to read with better photos i.e. not a screenshot!!

[e30m3Mark]

I wonder what the seller sees when he reads his ad back through? I know English isn't everyone's forte, or even their first language, but surely spell check could help them out? Or maybe they just don't think it matters, when it clearly does?

That said, if it was a car I wanted and the price was right, I wouldn't let their lack of English skills put me off. I'd simply view the car and judge for myself.

Belated Happy New Year by the way!

[Deptford Draylons]

BSSBMW said:

And I have first hand experienced of this from doing post purchase inspections on cars sold by them!

Please tell me the purchaser also had a pre-inspection done when buying what I presume was an expensive car ?

[Paracetamol]

I went to wake up my slumbering E30 M3..and found what I think is an unused spare wheel and tyre (Uniroyal). nice surprise!

Edited by Paracetamol on Sunday 7th January 20:58

[benny.c]

This is a bit of a “how long is a piece of string” question, but what do we think an Evo II is worth in pieces? One of the 50 UK cars on 150K mikes in Macau blue. It is currently stripped (100%) to a bare shell awaiting restoration. It needs the inner rear arches sorting along with the bulkhead, scuttle and floor pan. It’s not horrific but they need sorting. There are new OEM inner arches, one rear quarter, scuttle panel and a few other panels. Plus a compete, clean almost rust free regular E30 body shell to take sheet metal from if required.

All parts are present and correct bar the alloys which are from a Cecotto (exactly the same as Evo II wheels bar the colour) and the headlight wipers are missing. Interior is pretty decent but not mint, maybe 7/10. It doesn’t have a complete service history but does have a huge wad of invoices, letters from previous owners etc.

Any comments or stabs in the dark welcome.

Edited by benny.c on Monday 8th January 23:26

[Rob747]

£50k if all the correct bits are there Ben

[benny.c]

You ‘may’ be a tad biased Rob Hope all is well with yours?

[Paracetamol]

Work back from a 50k to 60k restoration bill..

[e30m3Mark]

It'll also be dependent on who's going to do the restoration and the potential cost. There aren't as many potential owners who'd be keen to take on the task of undergoing a full restoration. I'd guess at around the £40K mark, given you could easily spend the same again, or even more if the engine and gearbox need a refresh or rebuild?

[benny.c]

Thanks for the opinions. Two well respected bodyshops had previously quoted £10-12K to sort out the bodywork. They both saw the bare shell so hopefully not too many hidden extras. The engine was running fine but I guess would benefit from a refresh given the mileage. It is running Schrick cams and a Motek ECU but I have the originals. The gearbox was operating fine although again given the mileage it may need some work. The diff has been recently rebuilt. I’d collected a few rare (ish) parts too; Small diameter tech 1 steering wheel, smoked Hellas etc but I guess with originality being the key these days they’d be best sold separately.

I’m still undecided but if I were to sell, where would be best to advertise it? I’m loath to put it on eBay even though I’m usually more than happy to buy and sell cars on there.

Edited by benny.c on Tuesday 9th January 08:01

[stevesingo]

Between 2008-10 I restored my Sport Evo. As far as labour is concerned I spent about £5k on the metal work and paint, all other labour was my own. I spent £30k all in. £25k on parts. Parts prices have risen significantly in recent years and couple that with labour costs, I don't see much profit in properly restoring these cars.

I the immerging issue is now parts which are NLA and finding alternatives which the beardy collector types won't rub their beards over and detract from the value, which is in the originality.

I do wonder how many of the examples advertised actually make the advertised price? I suspect only the low mileage, 100% original cars with impeccable history are actually worth the asking price.

10-15yr ago the market was awash with £3-5k track day beaters. I'm guessing they are all cherished cars these days?! The profit is probably being made in the tarted up tat.

[Paracetamol]

A proper quality bare metal spray will cost £8k incl prep. Add £5k the rust repair and panels. You will have a another 300 hours to but the car together. say £18k if you can find someone at £60 incl vat. Add in parts prices for all the basics like brakes and seals. This has to be another £10k. Engine and gearbox..10k?

And this still assumes all the rare stuff is available including no rework to the interior.

I think you would need price the car as is at around 25k to 30k with the view that a hobbyist buys it. You need to advertise it on a specialt e30 board

Edited by Paracetamol on Tuesday 9th January 08:56

[Rob747]

benny.c said:

You ‘may’ be a tad biased Rob Hope all is well with yours?

Hey Ben, long time, hope you are well?

Yes mine's all done now thank god, although not used much (bought a Caterham) and you're right probably a bit biased...

However, I stand by £50k asking price if all that really needs doing is the body/paint. A decent hobbyist can put a car back together, provided all the bits are there. So factor in £10k for bodywork and paint and £60k is solid Evo 2 money imo. If the engine and gearbox were fine then leave well alone, let someone else rebuild them once it's sold if they're mad enough.

I personally know of 2 cars which have sold in excess of £90k so there's plenty of headroom for the factory original/low mileage minters.

If I were looking to sell it I'd try the USA/Europe, weak pound and strong demand from both territories.

These are really very rare cars now so hold on for maximum dosh!

Edited by Rob747 on Tuesday 9th January 10:16

[benny.c]

Thanks all, lots of food for thought there. At £40K I'd probably let it go but not at £25K as I'd certainly be better sorting it myself at that price.

All good here thanks Rob, just don't get much time for tinkering on cars nowadays with two young kids to keep entertained - Hence the thought about moving the E30 on. My plan was to do very much as you suggest; Sort the bodywork and then essentially refit what came off the car as there is nothing inherently wrong with any of it. I'm not personally interested in a show queen so I wouldn't be replacing many parts. Those that did need replacing, essentially service items plus a few cosmetic parts, I'd already purchased and fitted.

I'd do much of the work myself as it's not hard but I reckon I'd need help with the electrics, brake lines and maybe a few other bits and bobs. The rear beam/hubs have already been built up with new bushes and bearings and I can't think of too much that I'd struggle with. It's just time and space really. In fact, it sounds easy when I put it like that

Are there any other specialists websites apart from S14.net? That's the only other one I use really apart from occasional browsing on the E30 Zone (which wouldn't be suitable).

Edited by benny.c on Tuesday 9th January 10:42

[e30m3Mark]

If you decide to let it go I'd be happy to pass on details to a few people who've contacted me (searching for cars) over the past couple of years.

I think £40k is just about right, given how much even a regular M3 can break for. I realise you'd never break this though.

Feel free to mail me if I can help.

Mark

[benny.c]

Thanks Mark, much appreciated. Yes, definitely not one to break but it would be really interesting to see what the shell and motor would go for!

Feel free to mention it to anyone you think may be interested, I'm not one to mess people around.

Edited by benny.c on Monday 15th January 22:23

[Bodie390]

Shame to read this Ben.

If you have any leftovers let me know and I'll be over

[benny.c]

I might have known the vulture would be circling You must have some morsel stash by now.

Hope you are well mate. I should have just bought yours eh? At least they had that one run out together!

Edited by benny.c on Monday 15th January 22:24

[Bodie390]

Still gets out and about and the stash pile keeps on growing.



The mission is on to collect parts for the M5 now......

[Paracetamol]

Here is the thing-

1. For a 150k miles car in bits to ever be worth 80k GBP it will need to be very well restored by a known outfit and that will cost at least GBP 50k

2. A hobbyist is unlikely to have GBP 40k in cash plus another GBP 20k to invest in parts and bodywork and so you will need to hunt around and make the price enticing enough for them to take an interest

3. People (both professional and hobbyists) hate taking on cars that have been pulled apart- this will be the greatest issue that you face.

If I were you I would roll my sleeves up and get the car back together with lots of photos and get professional help for the hard bits.

I once bought a hobby restored E30 M3 from auction..suffice it to say I would not do it again. So many details were wrong and lots of niggling failures like windows not working etc etc