TM: '89 E30 M3 Cab

[Guest Simon*]

Think we've discussed this car before but here it is listed in all it's $100K glory

TM Link

[jjs 64]

Hahaha! I want some of what he's smoking!

[mr E34 11]

Shows up all those other ugly cars in the showroom.

[martyyn 2]

I wonder if they will let me take it out for a test drive ?

[hybrid 1044]

This car has a lot more than that spent on it to bring it up to mint true showroom standard. Its not for your average buyer. Its more for the collectors market. Seeing as also its the only one in NZ and as the NZ law states probably will be:) its pretty cheap.

The jerry claytons diamond swartz 'rhd converted' m3 wants 85k and its no where near as mint. (while still in excellent condition)

You just have to stop seeing it as just another m3.

[CamB 48]

Hahaha! I want some of what he's smoking!

To be fair, they made less than 1,000 of them. I wonder if being a RHD conversion (I assume) affects the value negatively? Probably. I doubt it'll sell at that price unless a very enthusiastic buyer comes out of the woodwork (ie one who loves the car and thinks it will appreciate in value).

(edit) What has been spent isn't THAT relevant. It's "just" an M3 Cabrio, not one of the truely rare cars (which generally have a race pedigree) where you'd rescue one regardless of cost and condition.

Edited April 23, 2008 by CamB

[OLLIE 26]

link to it's build diary

[Cale 36]

Some more information.

Only thing I'd change would be the steering wheel.

[E30-323ti 66]

Steering wheel, gear stick boot, gauges, N.A.S.T.Y.

And it has no roof!!! And tent fabric doesn't count.

Engine bay is beautiful though.

[chompa 0]

To be fair, they made less than 1,000 of them. I wonder if being a RHD conversion (I assume) affects the value negatively? Probably. I doubt it'll sell at that price unless a very enthusiastic buyer comes out of the woodwork (ie one who loves the car and thinks it will appreciate in value).

(edit) What has been spent isn't THAT relevant. It's "just" an M3 Cabrio, not one of the truely rare cars (which generally have a race pedigree) where you'd rescue one regardless of cost and condition.

assume wrong!

This car is one of a kind! FACTORY RHD, you cant put a price on it but considering he has spent over 120K on it -i can vouch for it as i have seen the parts list from pauhaus in wellington when looking at parts for my m3,its a bargain!

its not "just" another m3 cabrio. its quite possibly the nicest example in the world...

when talking about value all your judging it on is what the market can afford to pay for it...

before you dog a car i suggest you do abit of research...

liam

[Silver Fox 43]

FACTORY RHD, sorry, all evidence to date suggests and points to the fact that there are no FACTORY RHD cars. All registries I've seen specifically state that all production was LHD.

Doesn't stop it from being an exceptional car IMHO tho.

Edited April 24, 2008 by Silver Fox

[m325i 711]

Yes, just cracked a semi.

When you say 'factory RHD' my understanding that it was converted new by a firm contracted by BMW or some sht like that? (Is this the one that did the car show circuit in the southern hemisphere?)

Either way its pretty sick.

I would probably rather build my own for that money though.

Needs mtech II wheel

[Braeden320 0]

Great Looking Car, Sitting on the showroom floor it looks brand new.

[CamB 48]

assume wrong!

This car is one of a kind! FACTORY RHD, you cant put a price on it but considering he has spent over 120K on it -i can vouch for it as i have seen the parts list from pauhaus in wellington when looking at parts for my m3,its a bargain!

its not "just" another m3 cabrio. its quite possibly the nicest example in the world...

when talking about value all your judging it on is what the market can afford to pay for it...

before you dog a car i suggest you do abit of research...

liam

So it might be the nicest M3 cabrio in the world, which is worth about $10k more than being in merely excellent condition, and less than excellent condition, low KM, and completely original. What's been spent on it is mostly irrelevant. It's worth what someone will pay for it.

If you ignore New Zealand asking prices for E30 M3s (ie the $80k black one that was in Classic Car, and has been for sale for a year plus at that price, and now this one), it seems the ASKING price is about UK Pounds 15,000 for a very good hard top and a bit more for an EVO or cabriolet. If you can prove otherwise by finding cars selling for more than that, feel free to do so.

Plus, I'd have trouble believing its factory RHD given the comments above.

[jjs 64]

So it might be the nicest M3 cabrio in the world, which is worth about $10k more than being in merely excellent condition, and less than excellent condition, low KM, and completely original. What's been spent on it is mostly irrelevant. It's worth what someone will pay for it.

If you ignore New Zealand asking prices for E30 M3s (ie the $80k black one that was in Classic Car, and has been for sale for a year plus at that price, and now this one), it seems the ASKING price is about UK Pounds 15,000 for a very good hard top and a bit more for an EVO or cabriolet. If you can prove otherwise by finding cars selling for more than that, feel free to do so.

Plus, I'd have trouble believing its factory RHD given the comments above.

+1

[tune 0]

**Cream Pants**

f**k that thing is just, beutifullllll

[*Glenn* 855]

That car originally came from Italy and was converted to RH drive here in NZ when it was rebuilt. I know this because one of my customers is considering purchasing it. The same customer some idiots on here called a "tosser" when he was selling his E30 325I MS...which he actually sold for over $20,000. I have his other E30 325 MS here at work today for the guys on the ANZAC day event to have a look at.

Cheers

Glenn

BTW. The "factory" never made any RHD vehicles

Edited April 24, 2008 by botanymotorworx

[mr E34 11]

That car originally came from Italy and was converted to RH drive here in NZ when it was rebuilt. I know this because one of my customers is considering purchasing it. The same customer some idiots on here called a "tosser" when he was selling his E30 325I MS...which he actually sold for over $20,000. I have his other E30 325 MS here at work today for the guys on the ANZAC day event to have a look at.

Cheers

Glenn

BTW. The "factory" never made any RHD vehicles

With 200km on the clock since restoration that is essentially a NEW M3.

[CamB 48]

That car originally came from Italy and was converted to RH drive here in NZ when it was rebuilt. I know this because one of my customers is considering purchasing it. The same customer some idiots on here called a "tosser" when he was selling his E30 325I MS...which he actually sold for over $20,000. I have his other E30 325 MS here at work today for the guys on the ANZAC day event to have a look at.

Cheers

Glenn

BTW. The "factory" never made any RHD vehicles

Well, if your customer won't buy it for top dollar I suspect no-one will then.

I am actually more surprised he found someone willing to pay over $20k for an M325i. Thats a huge premium over the "normal" M325i price and pretty difficult to justify. I don't know the car, but I know it can be extremely difficult to find a buyer for a car prepared to pay for condition. Why would you buy an M325i, no matter how mint, when it's into M3 territory? At least an M3 is actually rare and has motorsport pedigree (and mechanicals for that matter).

And if its coz of the mint condition and you believe its collectible, why would you buy an M325i that you couldn't drive?

With 200km on the clock since restoration that is essentially a NEW M3.

I can't look at the resto thread coz you have to register (I have, but I need approving apparently). How "restored" is it? The leather doesn't look new. Also 200km since rebuild isn't like new. Its like rebuilt.

Don't get me wrong - I think its a very nice car (not to my taste), but the pricing is crazy and anyone paying that price is crazy. There are way better and/or rarer cars in that price range.

Edited April 25, 2008 by CamB

[Yuen 16]

My 2 cents - does it really matter what the guy is trying to sell his car for? Any seller can name their own price, the market will dictate if it sells. I don't think this car is for the average buyer, there may be someone out there who will pay the asking price, and whether that is a good deal or not is subjective. Plus IIRC the owner is on the board, and he seems like a nice guy so let's show him some respect.

I think that we can all agree that it's a damn nice looking car and any of us would love to have it. A BMW being taken care of so well is a wonderful thing so let's just keep it at that... we are all BMW enthusiasts after all

[Grant 4]

My 2 cents - does it really matter what the guy is trying to sell his car for? Any seller can name their own price, the market will dictate if it sells. I don't think this car is for the average buyer, there may be someone out there who will pay the asking price, and whether that is a good deal or not is subjective. Plus IIRC the owner is on the board, and he seems like a nice guy so let's show him some respect.

I think that we can all agree that it's a damn nice looking car and any of us would love to have it. A BMW being taken care of so well is a wonderful thing so let's just keep it at that... we are all BMW enthusiasts after all

Yuen - you are a very wise man, I couldn't agree more with you. As usual you have hit the nail on the head.

The M3 cab looks to be a very beautiful car.

Cheers

Grant

[OSCAR 0]

Steering wheel, gear stick boot, gauges, N.A.S.T.Y.

And it has no roof!!! And tent fabric doesn't count.

Engine bay is beautiful though.

Maybe, but that is what it came from the factory with and that is what, for this particular vehicle, it should keep therefore.

[OSCAR 0]

So it might be the nicest M3 cabrio in the world, which is worth about $10k more than being in merely excellent condition, and less than excellent condition, low KM, and completely original. What's been spent on it is mostly irrelevant. It's worth what someone will pay for it.

If you ignore New Zealand asking prices for E30 M3s (ie the $80k black one that was in Classic Car, and has been for sale for a year plus at that price, and now this one), it seems the ASKING price is about UK Pounds 15,000 for a very good hard top and a bit more for an EVO or cabriolet. If you can prove otherwise by finding cars selling for more than that, feel free to do so.

Plus, I'd have trouble believing its factory RHD given the comments above.

Firstly, thanks to all for expressing their opinions.

Now, turning to CamB....I will choose to be civil to you sir albeit that your 'knowledge' that you would purport to have is significantly lacking.

1) Your assertion that the ' nicest M3 Cabrio in the world (which) is worth about 10k more than being in merely excellent condition....' is at once incorrect and misleading. Moreover, it shows that you really have no comprehension whatsoever of E30M3 values (which if I might add, vary significantly dependant on a plethora of issues).

2) To quote you, ' If you can prove otherwise by finding cars selling for more than that, feel free to do so'.......OK, since you asked, I just sold my E30M3 hardtop for just on $80,000. I have proof of that fact and there are plenty of folks on this board that know me and my cars so referees/ references are not an issue here.

So how about you tell us all where you derive your 'proof' and your facts/ assumptions from. Or maybe just be quiet and quit poking holes in other folks cars ?

For the record : the only RHD car that I know of (as in from new) is the one referred to in Auckland. However, it was a prototype of sorts, albeit that it was assembled with the assistance of BMW German specialists. it was not assembled at the factory ion Germany so in that sense the 'only left hand drive production comment ' is correct. There were a number of E30M3's brought into NZ new (I owned one back then as well). These were converted to RHD by Road and Track and others for authorised approval for road registration and use on our roads. Similarly, Byrds in the UK converted a number of E30M3's for the same reasons.

[OSCAR 0]

That car originally came from Italy and was converted to RH drive here in NZ when it was rebuilt. I know this because one of my customers is considering purchasing it. The same customer some idiots on here called a "tosser" when he was selling his E30 325I MS...which he actually sold for over $20,000. I have his other E30 325 MS here at work today for the guys on the ANZAC day event to have a look at.

Cheers

Glenn

BTW. The "factory" never made any RHD vehicles

Correct Glenn.

Those E30 325 MS's IN EXCELLENT CONDITION are a great car and are only likely to go up in value once restored.

[OSCAR 0]

Well, if your customer won't buy it for top dollar I suspect no-one will then.

I am actually more surprised he found someone willing to pay over $20k for an M325i. Thats a huge premium over the "normal" M325i price and pretty difficult to justify. I don't know the car, but I know it can be extremely difficult to find a buyer for a car prepared to pay for condition. Why would you buy an M325i, no matter how mint, when it's into M3 territory? At least an M3 is actually rare and has motorsport pedigree (and mechanicals for that matter).

And if its coz of the mint condition and you believe its collectible, why would you buy an M325i that you couldn't drive?

I can't look at the resto thread coz you have to register (I have, but I need approving apparently). How "restored" is it? The leather doesn't look new. Also 200km since rebuild isn't like new. Its like rebuilt.

Don't get me wrong - I think its a very nice car (not to my taste), but the pricing is crazy and anyone paying that price is crazy. There are way better and/or rarer cars in that price range.

Excuse me ? You ' can't look at the resto thread coz you have to register ' ???

You and 1071 other current members sir.

I am a moderator on that E30M3 Tech site. You CAN register and then you will see for yourself. However, the board consists of predominantly mature E30M3 owners internationally. Somehow I have reservations about your good self 'fitting in'. But feel free. I'll be sure to keep an eye out for you....

Regards.