If standard M3's are going for 30-40k, this baby must be touching six figures.
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If standard M3's are going for 30-40k, this baby must be touching six figures.
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I'd imagine it would to be honest!
Given CSLs even with high mileage are making 50k+ again now after they had a brief drop in prices maybe 2 years ago where you could pick up a nice one "one to use" for around 30-40k sterling like Phil Morrison did.
A CSL interior alone now are making the price of a good normal M3!!!
I'd agree. The thing is cars like this are getting fewer and fewer on the market. The really good ones are being either locked away for years thinking they'll be an investment or at least people buying them for keeps.
The cheaper ones then that require abit of TLC but viable for those that like to tip away themselves are bought and then brought to the same standard as the best of them. These owners then sell them for as much as they can eventually or else bought a cheap one to start with to make it more affordable initially as they've always wanted one (Remember these kinda cars are the ones lads in their 20s and 30s fell in love with as kids as they read magazines and watched stuff like top gear when new.
And then the cheapest ones will be broken due to parts prices going mental recently. If hot a full loaded rusty one, there's probably upto 10k in it even if the engine is scrap to sell as parts going by what some UK lads are asking for bits!
The media then of course is really hyping up the E46 M3 in the last couple of years. Every second youtuber is putting it on a pedestal for it being the best affordable rwd performance car this side of a 911
Covid has had a funny effect on car prices recently due people having abit more cash to spend so sellers are either trying their luck or just locking things away. Brexit then worrying people too.
All the scrap yokes making silly money at the moment will go back down (is200s and the like making upto 10 grand :rolleyes:) but I'd imagine decent cars won't drop much and just maybe level off in prices at best due to any good ones that have sold probably won't be on the market again for a long time
A gent I know paid €5550 vrt on his M3 late last year. I know another guy who just added a CSL to his collection. No VRT worries for him though.
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Regards
Andy
As I get older, I look down on people who buy cars as investments, no intentions to ever drive, line them up in their garage to relentlessly wank over them in private. Like there is no good reason for CSL to be 6 figures... and those who pay that are defo not driving them.. Sorry bit of a rant
That’s where I was heading haha! It’s speculators buying up the stock of nice cars with no intention of ever driving them that’s driving the prices up.
Maybe to add to my point. Now I understand due to age number of cars will be going down and prices for existing going up. My gripe is with people salivating over some old car with very low mileage that never leaves the garage, and now its worth mad money. It becomes monetary admiration. Posses zero character in return. GTFOH.
Like the pics that Andy posted, I assume its person and not a garage.. Chap should be slated for hoarding those m3 like that..
I tend to want to have cars that I can use, but to be fair to the collectors that wrap their cars in cotton wool, etc they are the exact reason why there ARE some very nice older cars for us to see at shows, etc. Who hasn’t drooled over a lovely original e9 CSL at some show, or an e30 M3 Evo? They ONLY get to be original and old by not being used a lot. The ones that continue to be used as daily drivers, etc are the donor cars of some time in the future because they get worn out eventually.
I know people will probably mention restorations but they are a totally different thing. You can physically restore a car, but you can’t restore originality.
There is nothing cooler than a daily driven desireable car, like an m3 or 911. I admire someone that puts 200k miles on a 996 gt3 more than someone that puts a 5k mile one in storage to look at once a year til they sell it.