Jump to content

bradgalbraith

Members
 View Profile  See their activity

  • Content Count

    252

  • Joined

  • Last visited

  • Days Won

    8

Posts posted by bradgalbraith

  1. Posted · Report reply

    5 minutes ago, KwS said:

    I think the biggest thing that grinds my gears a bit is that the car was snapped up so quickly 90% of other potential buyers probably didn't even get a chance to line their ducks up, and now they can't buy it without paying a 12k premium. It was listed that night and gone by lunch the next day. 

    I get buying and selling cars is generally with the intent of making money, but buying something just to straight away take some better photos and list it for a significant increase doesn't sit well with me.

    I buy and sell a lot of cars, but I at least enjoy them for a couple of months before moving them on (usually in a much better state than I got them in). 

    An enthusiast doesn't flip cars. An enthusiast takes the time to learn and enjoy a car. 

    If you're in the market for an E39 M5, you'll be searching regularly for one. If you aren't, you either don't know that they're rare or you don't want it that badly. The car was listed twice and did not sell the first time at $19.5k where it was up for about 2 weeks. That's more than enough opportunity for someone to snatch it up if they really wanted it. I chose to capitalise on what I knew was a good opportunity based on the time that I put into analysing market values. 'An enthusiast doesn't flip cars' - that's your opinion. I'm an enthusiast through and through and don't need to justify that to anyone. What makes you think I'm not loving every minute of the driving the car before before it sells? I don't think there's anything more for me or anyone else to add from this point to be honest.

    • Like 8

  2. Posted · Report reply

    1 hour ago, M3AN said:

    There might be some truth in that, it's easier to be critical of people you're not in close social proximity to, or unlikely to meet. Just spend 5 mins on any social media platform to prove that. 

    But I don't think that's the crux of it in this case. Most "flippers" that I recall us being critical of are those that are trying to on-sell to an unsuspecting mug for above market value and that's certainly not the case here. Anyone who buys an E39 M5 in 2020 is going in with their eyes wide open. I don't think we're regularly bagging on people that are selling vehicles for a fair market price, regardless of what they paid for them.

    We also need to accept the risk Brad is taking. If there was only 1 buyer at $20k, how many will there be at $30k? He may have to wait a substantial amount of time. He''s had more cars than I've had bananas, he loves it, he lives it, power to him.

    A mate of mine bought a CSL for ~$50k, recently sold it for ~$100k... as @NZ BMW asks, how long did he have to own it to make that fair to the new owner?

    Haha I have had a few.. yes. When I mention risk, I mean I hit buy now on a highly strung M car with no PPI, minimal detail and no confirmation of service history. Now that I have the car and have checked it out, I can confirm it's a good car which has been well looked after with good history. Im sure other e39 M5 owners would vouch for it, though I'm not asking them to. I've listed as a classified so people can inspect it and get a PPI and be satisfied with what they're buying. 

    • Like 3

  3. Posted · Report reply

    Why is it that people are so offended that it's now listed at a higher price? The marker will decide what it's worth. How are capital gains on cars different from capital gains on houses? Its listed at a reasonable price. Nobody has a gun to your head telling you to buy it.. if you're not interested, move along. The fact that I got it for a good price is because I took a risk and bought it- anyone else could have done the same. 

    • Like 10
    • Confused 1

  4. Posted · Report reply

    27 minutes ago, KwS said:

    Guess you didn't love the M5 as much as you said? 

    Just because it's an amazing car doesn't make it a financial sensible option to keep both the M5 and the M3. I'm going overseas shortly and it was either or and the M3 fits my needs better.

    • Haha 1

  9. Posted · Report reply

    Another little update for the M3. Took the car out for a drive the other night and when giving it the jandal the radiator decide to give up. Not surprising considering it's 25 years old. I was looking for an OEM replacement but my options were limited so I went with a Mishimoto. Pretty good quality but my only gripe with it is that the fitment was a let down. Had to fabricate some aluminium brackets for the oil cooler as there were no mounting points and had to trim bits of plastic here and there on the fan shroud to get clearance around the viscous fan. Happy to have the car back up on its feet, just needs a really good wash. Also managed to replace the drivers seat quick-fold cable which had broken. This ended up being a little bit painful but got there in the end. The other thing which I've done is put the car on some style 24s for a more period correct/original look. Not related to this thread but I picked up an E39 M5 the other day too.. what an incredible car! Bunch of photos below.

    IMG_20200215_135602.jpg

    20200213_195847.jpg

    20200213_195856.jpg

    20200216_155749.jpg

    20200216_155755.jpg

    20200216_155757.jpg

    20200216_155800.jpg

    20200216_155816.jpg

    20200216_164120.jpg

    20200216_164221.jpg

    20200216_172033.jpg

    • Like 7

  13. Posted · Report reply

    On 1/31/2020 at 6:13 PM, Gaz said:

    M3TRBO was the one. That's still kicking around up in the north island somewhere. I think GoEuro had it for a bit

    Nah it got sold to someone in Auckland after it came up for sale in Chch the sold to ArrowToys, then Nick Weitz, then myself and now it belongs to a guy in Albany. It's the one I wish I never sold! 

    • Like 1

  17. Posted · Report reply

    It may be cheeky but I reckon fair play. Everyone wants to make some $$ and if you spend enough time researching the market value so that when an opportunity comes up you can jump on it, I think you deserve the margin you make on it. As coop said, there was ample time for an enthusiast to buy it. Sure its depressing seeing an evo vert for 33k but hey, if it wasn't selling in Auckland for 30, it won't sell in Palmy for 33k lol

    • Like 3

  23. Posted · Edited by bradgalbraith · Report reply

    Good weekend for the M3! Decided on a whim to give the Meremere drags a go and had a blast. Though the car is not competitive by today's standards, I was pretty happy to have gotten a PB of 13.9 at approximately 104mph. (Will find the timeslip) I also replaced the TPS to try solve the slight hesitation issue. The car definitely runs smoother now but still does always have the crisp, sharp rev that it should. I'll have to make the time to get it scanned and diagnosed. Still has all the go that it's supposed to have! Also stoked to have my new plates arrive in the mail today.

    20191109_163619.jpg

     

     

     

    75398122_417272322518255_459254311726088192_n.jpg

     

    20191109_170843.jpg

    20191113_164415.jpg

    • Like 6
×
×
  • Create New...