RE: The £70K M3 CSL: Spotted

RE: The £70K M3 CSL: Spotted

Tuesday 7th July 2015

The £70K M3 CSL: Spotted

It's not just E30 M3s climbing into the stratosphere...



How to spec the lightweight special? That's the quandary for today. Something with an RS, GT or CSL badge typically presents its buyer with a tricky decision: specify the options for everyday usability and early resale or play the long game, adhere to the purist ethos and hope that a stripped out spec becomes a collectors' item

Key part of the appeal still here
Key part of the appeal still here
Sat in the queue to drive the Goodwood hill in a Cayman GT4, its lack of air-conditioning seemed a very daft oversight. Yes, first world problems and all that. It's a no-cost option saving about 15kg, which may well be of benefit through Molecomb (or Maggots, say) but what about driving to the track? That time you may commute? Let's see how the commitment would hold out then.

Hence a lot of no-cost options are indeed optioned back in. Trophy-Rs and the like tend to have the radios, navigation systems and air-con added back in; they're useful things to have. But what about when they're not fitted? Welcome to the 'no options' M3 CSL.

We've covered the lightweight M3 plenty on PH but this car is interesting as one of very few without air conditioning, a stereo, sat-nav, xenons and parking sensors. According to this advert that saved 35kg and contributed to a 7:50 'ring time. Even 12 years on that's damn fast.

Apparently there are just three such cars in the UK, the ones that adhere most strictly to the Coupe Sport Leichtbau mantra. One has been crashed and, allegedly, the owner of the other won't part with it for less than £100K. This one is up for sale at £70,000. Seventy grand!

Very covetable, but £70K covetable?
Very covetable, but £70K covetable?
CSLs have been going up and up since bottoming out at around £25K a few years back. There aren't any below £30,000 now with low mileage cars comfortably above £40,000; indeed, those hoping to grab a CS fairly cheaply will be disappointed as rising CSL values have pulled the former up to c. £20K.

Obviously this CSL has been specced and purchased as an investment, especially given it has only covered 18,000 miles. Question is though, can CSLs continue to climb? Yes, E30 M3s are even up near £100,000 now but they are cars with genuine competition provenance and still the archetypal M3 to many. Could a £100K M3 CSL actually happen? With BMW committed to a turbocharged and hybrid future that gorgeous straight-six will of course hold considerable appeal.

Even if it does appreciate and make its next owner some money, it does seem a shame to have an M3 CSL solely as a collectors' item, sat barely used waiting to be recognised. Oh well. Should you just want a regular a M3 they're still loitering very temptingly at around £10K. Finally, let's hope whatever that M4 'Safety Car' actually is can deliver another six-cylinder special that M Division can be truly proud of.


BMW M3 CSL (E46)
Engine:
 3,246cc 6-cyl
Transmission:
Power (hp): 360@7,900rpm
Torque (lb ft): 273@4,900rpm
MPG: 23.7 
CO2: 287g/km
First registered:2004
Recorded mileage: 18,000
Price new: £58,000
Yours for: £69,995

View the advert here.





 

Author
Discussion

cerb4.5lee

Original Poster:

11,663 posts

122 months

Tuesday 7th July 2015
quotequote all
I have always found it fascinating that when they launched the E46 CSL they struggled to sell them but now they are worth a fortune...what a positive turn around, very highly regarded too.

Nors

1,233 posts

97 months

Tuesday 7th July 2015
quotequote all
I like E30's and E46 M3's, but these prices are just...rofl

hot66

669 posts

159 months

Tuesday 7th July 2015
quotequote all
cerb4.5lee said:
I have always found it fascinating that when they launched the E46 CSL they struggled to sell them but now they are worth a fortune...what a positive turn around, very highly regarded too.
same happened with the Porsche 964 RS

Nors

1,233 posts

97 months

Tuesday 7th July 2015
quotequote all
cerb4.5lee said:
I have always found it fascinating that when they launched the E46 CSL they struggled to sell them but now they are worth a fortune...what a positive turn around, very highly regarded too.
Only worth.... if someone actually pays....

There's lots of crazy priced cars all over the place right now but lots aren't selling!



gigglebug

1,066 posts

64 months

Tuesday 7th July 2015
quotequote all
Exactly how much time would a 35kg saving make around the ring? For the sake of the added weight I'd rather have the kit myself, it is a road car after all
Advertisement

cerb4.5lee

Original Poster:

11,663 posts

122 months

Tuesday 7th July 2015
quotequote all
Nors said:
cerb4.5lee said:
I have always found it fascinating that when they launched the E46 CSL they struggled to sell them but now they are worth a fortune...what a positive turn around, very highly regarded too.
Only worth.... if someone actually pays....

There's lots of crazy priced cars all over the place right now but lots aren't selling!
Yes I agree but there does seem a very strong market for these it seems and as the saying goes they don't make them like they used to!

RichwiththeS2000

443 posts

76 months

Tuesday 7th July 2015
quotequote all
Maths says no. This is 10x the price of a standard M3. Is it 10x the car of a standard M3? No.

It's a collectors tax. Fine if that's your bag :-)

cerb4.5lee

Original Poster:

11,663 posts

122 months

Tuesday 7th July 2015
quotequote all
gigglebug said:
Exactly how much time would a 35kg saving make around the ring? For the sake of the added weight I'd rather have the kit myself, it is a road car after all
I think it is a fine line and agree it is a road car and it often makes me smile when manufacturers bang on about little weight savings when the kerbweight to start with is hardly featherweight anyway.

8bit

2,682 posts

97 months

Tuesday 7th July 2015
quotequote all
RichwiththeS2000 said:
Maths says no. This is 10x the price of a standard M3. Is it 10x the car of a standard M3? No.

It's a collectors tax. Fine if that's your bag :-)
Man maths - you're doing it wrong.

Having said that, I wouldn't drop £70k on this either. I can see the appeal of lightweight 911 variants (and I'm not really a 911 man either) but I suspect the market for a £70k CSL is a fraction the size of that for a GT3 RS.

cerb4.5lee

Original Poster:

11,663 posts

122 months

Tuesday 7th July 2015
quotequote all
RichwiththeS2000 said:
Maths says no. This is 10x the price of a standard M3. Is it 10x the car of a standard M3? No.

If you were being cruel you could say the standard M3 is actually better because its offered with a proper gearbox(manual/three pedals).

WCZ

6,615 posts

136 months

Tuesday 7th July 2015
quotequote all
perfect csl spec! there are hardly any that don't have air conditioning nevermind xenons/cd/parking

Chapppers

4,475 posts

133 months

Tuesday 7th July 2015
quotequote all
cerb4.5lee said:
RichwiththeS2000 said:
Maths says no. This is 10x the price of a standard M3. Is it 10x the car of a standard M3? No.

If you were being cruel you could say the standard M3 is actually better because its offered with a proper gearbox(manual/three pedals).


From what I'm hearing / seeing - whilst the super high price ones are taking a while the mid-market is really quite furious at the moment, there have been a few cars sold within a couple of days of late.

Vee12V

789 posts

102 months

Tuesday 7th July 2015
quotequote all
gigglebug said:
Exactly how much time would a 35kg saving make around the ring? For the sake of the added weight I'd rather have the kit myself, it is a road car after all
My thoughts exactly.

jelluzz

35 posts

94 months

Tuesday 7th July 2015
quotequote all
jesus... next door neighbour just bought a 6k miler for £60k and i thought he had his pants pulled down...

Guvernator

10,259 posts

107 months

Tuesday 7th July 2015
quotequote all
Interesting as the CSL was almost universally panned when it first came out, everything from it's too expensive to crappy gearbox, even the "cardboard boot floor" was mocked and now look.

I think "they don't make them like they used to" is definitely a factor but so is the huge turn around by journalists who seem to like nothing more than crowing this "fact" from the rooftops. Countless articles in Evo et all are IMO one of the biggest factors in the rising price bubble of enthusiast cars from this era and it looks like PH are happy to jump on the bandwagon in pushing those prices up even further biggrin

TREMAiNE

2,812 posts

91 months

Tuesday 7th July 2015
quotequote all
When you adjust for inflation, the cost when new was actually circa £82,000

So for £70k, providing values continue to climb, its actually not that bad of a price...


Having said that, I'd personally sooner spend 15k on a normal M3 and then 55k on a Ferrari 360 smile

Phateuk

679 posts

79 months

Tuesday 7th July 2015
quotequote all
article said:
Obviously this CSL has been specced and purchased as an investment..

Price new: £58,000
Yours for: £69,995
Surely buying a "drivers car" then doing next to no miles in it is a bit of a paradox? Considering £58k in 2004 equates to about £85k in todays money, it seems to me that this car has just been wasted... confused

Chris Stott

6,278 posts

139 months

Tuesday 7th July 2015
quotequote all
Even more silly than the prices of low volume Porsches.

Very nice cars, but not that much different to a stock M3, and no motorsport provenance.

And pay double the price for no AC? Madness rofl

aston addict

223 posts

100 months

Tuesday 7th July 2015
quotequote all
bubble waiting to burst.

b14

568 posts

130 months

Tuesday 7th July 2015
quotequote all
hot66 said:
cerb4.5lee said:
I have always found it fascinating that when they launched the E46 CSL they struggled to sell them but now they are worth a fortune...what a positive turn around, very highly regarded too.
same happened with the Porsche 964 RS
and the McLaren F1.