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Re: Almost new E30 M3 (archive)

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Posted by Peter Andersen on December 01, 1999 at 01:25:16:

In Reply to: Re: Almost new E30 M3 posted by sw on November 25, 1999 at 18:01:52:

: where at, i want it too now....
: i would pay about 17-18K.

: : Hello fellow M3 enthusiasts,

: : Believe it or not (I almost don't), I have found a 91 E30 M3 with 4700 miles (yes, four thousand seven hundred!!!!!!!!!)for sale. I almost think that the car wasn't driven enough. The guy is asking for a best offer, but I don't know what a reasonable amount for such a rare find in mint condition should be. Anyone know what they went for when new in 1991? Trade-in values I found with Edmund's and Kelley's put the value at around $10,500 and $13,200, while the retail is around $15,000, yet I have seen much higher mileage cars for this price. Is any offer below $20,000 even reasonable? How much below?!

: : If anybody has any thoughts, please let me know, but ASAP, because I am sure it won't be available for too long. The only down-side is that it's white, but I don't think I should get picky with this one.

: : My e-mail is [email protected]

: : Thanks in advance.
: : Hootan

They sold for about $35,000 new. Milage dosen't mean everything. As there were many M3's racing in various versions of stock form, and some that were never licensed, they would undoubtedly have very few miles on them. I know. I own one that had less than 5000 miles on it when I bought it. The interior looked brand new(it had been removed for 3 years). The body had some descreet, well repaired crash damage with OEM parts. It took some time to remove the race modifications from it to make it streetable again(mostly suspention changes, ate tires!) Anyway the gist is: If it was a race car, don't imediatly walk away. Things can be fixed. But make sure and take it to a frame shop before purchase as a hard hit will ruin the car. If it was never raced, Buy the car for 20-25k and park it for 10-20 years...put your kids through college with the proceeds. By the way, I have put over 80k mi on my ex-racer with very few problems. A very dependable racecar!

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