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since these cars are becoming so rare... (archive)

[ Follow Ups ] [ E30 M3 Message Board ] [ Msg. Board FAQ ]

Posted by leo on April 23, 2001 at 15:18:19:

In Reply to: Buying from a relative...help! posted by Scott on April 23, 2001 at 14:55:16:


One of my wife's relatives is thinking of selling his 1989 M3, 55,000 miles, no accidents, good condition, pretty much stock. (He wants a Z3). Of course, I jumped on it, and said I wanted first crack at buying the M3, if and when he decides to pull the trigger and sell.

Since I'm dealing with family, I want him to get fair value if he sells to me. On the other hand I don't want to get ripped off. Kelley's and N.A.D.A. set retail at 10 to 12 thousand. Sounds great. But I keep searching the internet for postings and see guys asking 15, 17, 20 thousand for similar cars, similarly equipped. This would be much more difficult for me to afford. Does anyone have a guestimate for me? Are the retail services good for guaging the value of a car like this? Are the ads a better indicator, or do people generally jack up the asking price of these cars and sell closer to blue book range? Help!

"book value" doesn't even matter..thats when supply and demand comes. Which means sellers can for ask whatever they want unless ther looking for a quick sale.

good luck, leo



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