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My opinion: Drive It (archive)

[ Follow Ups ] [ E36 M3 Message Board ] [ Msg. Board FAQ ]

Posted by Dean on September 16, 2001 at 00:16:40:

In Reply to: M3: Use it or preserve it? posted by Phil on September 15, 2001 at 23:51:57:

There were far too many E36 M3's produced to consider them collectible. Your '98 M3/4 appears to have "daily driver" miles and cosmetics. With 3 years and 35,000 miles, you're looking at the steep end of the depreciation curve. The case would be debatable if you had a pristine, <10k mile M3. There will always be a car enthusiast out willing to pay extra for that low mileage car.

I've been on the same boat. My 1997 Toyota Supra now has 25k miles and 2000 M Coupe has 4k miles. Since there were less than 3,000 examples of each produced, it's tempting to keep them pampered as garage queens. On the other hand, I sold my 1993 Nissan 300ZX TT with 50k miles last year with the full understanding that this was no collector car jewel. In retrospect, I enjoyed that Nissan immensely.

Your M3 is meant to be driven. Enjoy it as a "consumable" asset.

Dean


Perhaps a weird request, but kinda perplexed on use and treatment of my recently acquired 1998 estoril blue M3/4 w/5 speed. The car's first 35,000 miles appears to be adult driven, but the car does not appear to have been loved. Curb rash, some minor scratches in the paint, DOT-R panels. I don't mean to make the car out as in poor shape, it isn't at all. Friends think it looks new. Anyway, not sure if I should pour some money into it to make it absolutely pristine (fix curb rash, etc..), or just use it with an average amount of care. I would always properly maintain it. I guess the answer may lie in how long I plan to keep it (5+ years), or what the value may be for these cars that far down the road. My model and options seems to be a bit rare, but who knows what it really is worth. More worrisome to me is what to replace it with in the future. An Audi S4 is pricey, the 330i is just not the same, and there is no 4 door M3 nowadays. Maybe I answered my own questions, but thoughts from this group are appreciated.

- Phil




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