Re: ATTN: Rant on M3 Values....The free market ... (archive)

...will decide what anything is worth. It`s worth what someone is willing to pay, period.
These cars were $35K in 1988.
A new 2001 M3 is $50K.
$35K in 1988 dollars is about equal to $50K in 2001 dollars (look it up).
I would forget the business about rarity, though. Rarity in a non limited production item means that they didn`t sell very well to start with.
In our case, it is due to the fact that there was a perception then that M3`s were overpriced when compared to the 325is (at $7K less). Also, the M3 was (and is) too rough for a majority of the public.
So you are dealing with a very limited potential market to sell to.
I would LOVE to have a nice low mileage example like yours to compliment my 155K daily driver.
I need to get a garage first. Priorities.
Good luck!

So I posted my car for sale at a high price (I know, I am a heretic, a non-believer, but I have my reasons for selling the M eventually but I am not in a rush) and I keep getting helpful e-mail messages from people saying "your car is priced too high"
Well all I have to say is fu*k off to people who are trying to lowball values on our cars, based on KBB/Edmunds, etc. The fact is that E30 M3's are rare (like more rare than the Porsche 930 turbo for example) and condition/maintenance/history play a MAJOR part in the value of a collector car like an M3.
If people want to pay book, value for a used M3, then they sould go find one at a used car auction or on a dealer lot.
Rant off.
Bill

Follow Ups:

Limited ed. or not, 4,996 units imported IS rare.. B. Wheaton 20:55 12/02/2001 (0)

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