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Sounds like this one is worth $19k - $20k...easily (archive)

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Posted by why the griping over high price? on June 11, 2001 at 03:43:48:

In Reply to: 30K mile 91 M3 For Sale posted by Joe B on June 10, 2001 at 12:33:27:

Speaking from experience as someone who was in the market for a long time looking for a E30 M3 w/ <45k miles in pristine condition, this car sounds like it is priced right.

I looked at many pieces of crap & track modified cars in my search before finding a great unmolested (i.e., no rice or too much track time) one too. This car sounds like it is priced appropriately and easily worth this price.

But, Joe B., don't expect to sell it right away...the right buyer is out there and will come along...eventually.

For those of you that think this is too much, I purchased a very similar car (less the CD player with a few more miles) for $18k example w/ 43k miles when I purchased it 9 months ago. In the 7k miles I've put on it since then, it has only had front brakes replaced, intake gaskets replaced, and the oil changed. However, I knew when I purchased it that the intake & brakes needed replacement, so I really gave about $18.6k for the car. At the time, it was the high-end of "apparent" market value at the time, but the car is so clean and original I couldn't pass on it.

My point is that a pristine car, while more $$$ upfront, doesn't typically nickel and dime you later.

Keep that in mind for those of you with $12 - $15k (or less) cars with 80k+ miles and $1,000's of repairs in the first year.

I just have a hard time understanding alot of people on this board who gripe about E30 M3s that seem overpriced, but then are amazed at the amount of $$$ that they throw into their "bargain" priced car. Before long, these cheaper cars end up receiving "bargain" or sub-standard repairs which then floods the market with crap once the owner decides that they no longer wish to dump $$$ into a pit.

Is is becoming obvious that I've been down this path before with a "bargain" priced car? My advice: Buy the best damn M3 you can find and expect to pay over $15k for a decent one...unless you want a purpose-only track car...then, buy whatever you want... Otherwise, there are alot of nice 325is' out there that can be had for much less if the price scares you.

Also, throw the used car guides away when purchasing a used M3. Do some research (like on this board) and get a feel for what the market is currently asking/paying. An E-30 M3 was expensive when new and will remain an expensive car to buy used. That's the price you pay for exclusivity, limited production, and high demand (within BMW enthusiast circles).

Just a little food for thought...
Drew


White with black leather interior, 30K original miles, all stock and in absolute prefect condition. Fully loaded with air bag, heated seats, factory six CD changer and car cover. Has been a one owner car until I bought it nine months ago. No dents at all. The M3 has always been taken to shows with my other BMW's and has never been a track car. I work very hard for my cars and love to take care of them, not abuse them. It needs nothing at all and everything works. Selling cause I will be getting a 330i soon. Asking $20K which is much less than what there going for in the BMW Roundel Magazine with triple the mileage and with after market racing parts. Best way to reach me is though my email. Just a few more shows to take it to this summer so I'm pretty much firm on the price since there's no immediate rush to get rid of it.





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