Potential purchase

[superace]

Newbie alert,treat me gently!

I'm thinking about buying an M3 as a Sunday morning blaster and for investment....

Which version should I be looking for and why?
What goes wrong?

In the real world,what should I expect to pay?

TIA...

[ah]

Minimum approx 7k, maximum? sky's the limit these days.

[Nobby_N]

Are there M3s less than 10 bags still? Expect to pay 20 minimum imo

[maxfield]

What's you're budget?

You can pay £20k and buy a lemon still.

If you intend to buy an M3 take someone who knows them very well to give it an autopsy!

[bss325i]

£7k for an E30 M3?

I'll take ten of them please!

[aze30]

£7k for an E30 M3?

I'll take ten of them please!

ill havw 20 baz

[gruf]

I'll have em all.
I won't be greedy one will do

[superace]

My budget is about £25k(ish!).....

But there appears to be a selection box of engine sizes,various limited runs and so on.
I would hope to do spanner work myself,afterall,these are now old cars with old systems.

Body condition must be important,I note that the wiki guide mentions rust in the shell,but M3's seem to have quite a number of bodywork differences to 'ordinary' E30's?

Were there any RHD cars built?

[pacerpete]

25k will not get you the keys to any limited edition cars . The best you can hope for is a decent early car that needs some work but is basically sound. Most at this end of the market are rubbish or restoration projects with dubious MOTs . It's a minefield out there, be VERY careful.

[Nobby_N]

Take an expert with you, I'm sure for a small fee there maybe a chap on here who knows them inside and out, cant remember his username though!

[ross_jsy]

My budget is about £25k(ish!).....

But there appears to be a selection box of engine sizes,various limited runs and so on.
I would hope to do spanner work myself,afterall,these are now old cars with old systems.

Body condition must be important,I note that the wiki guide mentions rust in the shell,but M3's seem to have quite a number of bodywork differences to 'ordinary' E30's?

Were there any RHD cars built?

They came with 195hp for the early cars and 215hp for the later models. Your budget won't stretch to the larger 2.5l Sport Evo.

Although they are simple enough, I wouldn't do the spannering myself if I was looking at it as an investment as you stated. A poor service history will lower the value a lot.

There were RHD models built, some by Birds, some by others with varying levels of quality. To most these are seen as less desirable though.

[ah]

£7k for an E30 M3?

I'll take ten of them please!

Yes I was a bit optomistic

[Cosmosblack74]

Will e30 M3 prices ever drop, say you paid 25k and they fall out of fashion and let's say the 190e cossies take over lol or the e34 m5 then what ha

[Cosmosblack74]

Sorry nice 1 for sale at Munich legends that meet your budget looks nice a˜Ža‘a

[superace]

[Cosmosblack74]

It's under new management, Barney halse started classic heros .
Got a trio of alpinas for sale a coupe that wln had for sale it was a shed as far as I was concerned now wanting 20k plus , a touring and a cab the cab looks nice to be fair .

[Kos]

[superace]

A couple of forum members work there as well

I presume that you and A N Other work there?

Reputations are hard to build,and very easy to destroy...

It's my pension fund that I'm investing,so I need to be sure that it's going in the right place.

[bab-91]

Kos, isn't your car going to Munich Leg Ends?

[rh306]

A couple of forum members work there as well

It's my pension fund that I'm investing,so I need to be sure that it's going in the right place.

You might be better off putting that budget into one of these

[Kos]

A couple of forum members work there as well

I presume that you and A N Other work there?

Reputations are hard to build,and very easy to destroy...

It's my pension fund that I'm investing,so I need to be sure that it's going in the right place.

I don't work there I'm no grease monkey


As for your pension fund, well it is your money and you are seeking advise

You've got mine and several others will say the same. Unless you know what too look for you'll have a tough time finding a decent one to boost your pension fund from a private seller

[Simon13]

if i was honest i'd say you've missed the boat if you want one to make money on it myself

[ThrustingBeast]

A couple of forum members work there as well

It's my pension fund that I'm investing,so I need to be sure that it's going in the right place.

You might be better off putting that budget into one of these

An old lady local to me drives one of these!!!!

[ThrustingBeast]

A couple of forum members work there as well

I presume that you and A N Other work there?

Reputations are hard to build,and very easy to destroy...

It's my pension fund that I'm investing,so I need to be sure that it's going in the right place.

Classic cars suppose it can work why not
Z3 M Coupe (S54) may be a better bet though as you can get a really nice one for that money.
Or save a bit more and a Ferrari 456 or Aston Martin V8 Vantage, DB7, E46 M3 CSL (£30k)

Or put it in a different asset class
You need to consider how long you got to retire ?
Your risk appetite ?
Is this your whole pension find or part of it ?

Having a classic car / sought after car is defo the most appealing and interesting of all asset classes
Not sure if you went to financial advisor / expert what they would say

Otherwise put it in a property or government bonds (index linked) if you close to retirement.

Or see an financial expert

[Gert_8]

Like any investment prices can go up and come down.... The classic car market is currently enjoying a bubble, which could burst.

[Awarded]

Like any investment prices can go up and come down.... The classic car market is currently enjoying a bubble, which could burst.

I suspect it will defiantly burst, just a question of time and how much further prices climb before hand. Alternative assets have been seen as a good place to put your money for the past 8 years as the stockmarket hasn't offered much in the way of returns. The stockmarket will pick up again at some point, and I suspect that is when the classic market will start to lose it momentum.

Or I could be talking utter b*******

[senna]

Like any investment prices can go up and come down.... The classic car market is currently enjoying a bubble, which could burst.

I suspect it will defiantly burst, just a question of time and how much further prices climb before hand. Alternative assets have been seen as a good place to put your money for the past 8 years as the stockmarket hasn't offered much in the way of returns. The stockmarket will pick up again at some point, and I suspect that is when the classic market will start to lose it momentum.

Or I could be talking utter b*******

Quantitative easing has masked the real increase in classic car prices. Other than MPs the average UK salary has decreased.

It is therefore rather complex to invest in an old car. Look after it for 5-10 years. Not use it in the rain, replace fuel pumps etc.

Then after that you have to sell it.
Which will probably be a painful experience if a Bruv wants it (best price mate) or an Anal idiot wants it but expects you to have full annual BMW Service history.

Someone left me £250 deposit on a car and never returned.

I never heard from him again.

I suspect if he chose his wife with as much skepticism as a good classic car he would never have married.

[Gert_8]

I recall Elton John "investing" in a Jaguar XJ220 - paid something like £500k for it at the time.....

[senna]

Last week I had a Bruv from Bradford phone asking me why I was asking the price I was asking for my car.

I answered "find another" and hung up

[HairyScreech]

The Z3M coupe or Z4M coupe now go for similar cash, both are going to rise fantastically over the next 10 years.
Personally I would go for either of these quite epic chariots over the E30 M3.

[senna]

The Z3M coupe or Z4M coupe now go for similar cash, both are going to rise fantastically over the next 10 years.
Personally I would go for either of these quite epic chariots over the E30 M3.

I agree or go for this ?

http://www.pistonheads.com/classifieds/ ... z1/4400922

These may go up?

[Gert_8]

The Z3M coupe or Z4M coupe now go for similar cash, both are going to rise fantastically over the next 10 years.
Personally I would go for either of these quite epic chariots over the E30 M3.

I agree or go for this ?

http://www.pistonheads.com/classifieds/ ... z1/4400922

These may go up?

Read this - it's highly entertaining!

http://www.e30zone.net/modules.php?name ... c&t=163581

[ThrustingBeast]

The Z3M coupe or Z4M coupe now go for similar cash, both are going to rise fantastically over the next 10 years.
Personally I would go for either of these quite epic chariots over the E30 M3.

Good shouts. Z3 M Coupe (S54) or Z4 M Coupe
Others that have been tipped for sub £25k are
E21 323i or 840Ci, 850i, 850CSi, 325i Sport, 325i Motorsport Convertible
Others 928 GTS, Ford Focus RS, Renault Clio V6, Ferari 456 (£30k), Maserati Gran Sporte Coupe V8, Aston DB7 V12 maybe ?, Aston Martin V8 Vantage (£30k),

[senna]

Audi R8 will be a good investment too

[Gert_8]

The R8 has some way to fall IMO, but eventually it will be good.