How NOT to sell an m3.....

[leonf 162]

for sale,,,,,,,,,,,,,e46 m3 coupe.  Manual.

Has to be the worst ad I've ever seen on TradeMe.  Only asking $42k

 

Desciption says "2002 m3"    That's it!!

Good luck with that.  Pic below is the best of the 3 in the ad.   Looks a little 'used'.

 

https://www.trademe.co.nz/a/motors/cars/bmw/listing/3600457430?tm=email&et=45&mt=729E11BE-B8E5-4BCB-A7AF-EACDC8ACB2FD&bof=sDLNGmG3

 

[Neal 544]

Great example of how to market a car. But equally would be satisfying for next owner to bring it back. Question is would be is it cosmetic bits or some serious work and costs.

but ffs … at least give it a clean.

[Cement 871]

I like the ciggie packet on the floor in the back 😂

[Karter16 405]

Nice of them to leave the pack of smokes in the car so you know without looking at it in person how it's going to smell.

Edit: just noticed the tow hook still attached in the second photo - guess that's why carjam shows it hasn't done any km's in the last 3 years 😛

Edited May 18, 2022 by Karter16

[Karter16 405]

1 minute ago, Cement said:

I like the ciggie packet on the floor in the back 😂

haha great minds...

[paulo 66]

2 hours ago, Cement said:

I like the ciggie packet on the floor in the back 😂

Also a ciggie packet in the passenger foot well, so you never have to reach too far to find them!

Not a bad price, considering that it's NZ new, and a Manual (albeit converted). But, yeah, looks like it needs a bit of a tidy up...

[Twistee 454]

Poor M3, missing dash trim, rusty seat runners, incorrectly fitted door rubbers, front bumper, bonnet and arches look like they have seen better days........ sigh .... anyone test driving that beast needs to up to date with all their shots. Clearly owned by a "car guy", great documented service history. 

[MD13 494]

He could have supplied less information and want more money - exhibit a

[E30 325i Rag-Top 2956]

“I am trying to sell the car dear, it’s on TradeMe and everything, just not getting any interest”..?

[Tye 8]

3 hours ago, E30 325i Rag-Top said:

“I am trying to sell the car dear, it’s on TradeMe and everything, just not getting any interest”..?

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/3480220427

Thats exactly how im selling mine 😂

[Neal 544]

Seems E46 M3s not selling easily at the moment. Been a few good examples of late just sitting.

[leonf 162]

32 minutes ago, Neal said:

Seems E46 M3s not selling easily at the moment. Been a few good examples of late just sitting.

I actually think it's more a case of not very much is selling at the moment in the weekend/special car sector.  That money being spent there is from the descretionary pile and people in general are reluctant to dig into that pile of cash as they are not sure if the current economic mess we are in (as a country) will impact them personally.  Best to hold and wait to see if the new mortgage rate is going to be just bad.............or catastrophic.

[topnotchrally 106]

1 hour ago, leonf said:

I actually think it's more a case of not very much is selling at the moment in the weekend/special car sector.  That money being spent there is from the descretionary pile and people in general are reluctant to dig into that pile of cash as they are not sure if the current economic mess we are in (as a country) will impact them personally.  Best to hold and wait to see if the new mortgage rate is going to be just bad.............or catastrophic.

That sounds quite logical except... how do you explain the sale of 3x E39 M5s in the span of 2 weeks, about a month ago.  One for $40k, the others for more than $50k? Each of the sold in less than two days.  I know because I bought the 3rd one on the day it was advertised, after missing the 2nd one by waiting one day to call.  The 1st one ($40k) was sold by a foolish person who set the buy now $5k too low.  There is still one for sale now but, as with these M3s, it is overpriced ($65k, high kms). There have also been 2 or 3 Evo M3s sold in the last few months, though each of them took a few weeks to sell.  There is money out there, but it's not foolish.  The Evos took time to sell because they were price just above market value.  The only E46 M3s I've seen sold are top condition examples for acceptable prices ($55k).  

 

But, to support your argument a bit, E39s are 'old man' cars and they (we!) are perhaps more likely to have spare cash.  M3s are 'younger man' cars, perhaps less cash lying around?

[paulo 66]

2 minutes ago, topnotchrally said:

That sounds quite logical except... how do you explain the sale of 3x E39 M5s in the span of 2 weeks, about a month ago.  One for $40k, the others for more than $50k? Each of the sold in less than two days.  I know because I bought the 3rd one on the day it was advertised, after missing the 2nd one by waiting one day to call.  The 1st one ($40k) was sold by a foolish person who set the buy now $5k too low.  There is still one for sale now but, as with these M3s, it is overpriced ($65k, high kms). There have also been 2 or 3 Evo M3s sold in the last few months, though each of them took a few weeks to sell.  There is money out there, but it's not foolish.  The Evos took time to sell because they were price just above market value.  The only E46 M3s I've seen sold are top condition examples for acceptable prices ($55k).  

 

But, to support your argument a bit, E39s are 'old man' cars and they (we!) are perhaps more likely to have spare cash.  M3s are 'younger man' cars, perhaps less cash lying around?

I think that there has also been a distinct "drought" of e39 M5s coming onto the market for the last year or so (but a reasonable number of e46 M3s), and when those 3 M5s popped up recently, there was pent-up demand to see them snapped up quickly.

[leonf 162]

"But, to support your argument a bit, E39s are 'old man' cars and they (we!) are perhaps more likely to have spare cash.  M3s are 'younger man' cars, perhaps less cash lying around?"

'Old man' = (hopefully) mortgage free and probably with spare cash.  Younger man with a mortgage will find a bit of financial stress coming their way. There is certainly a division of wealth in NZ. The haves and the have-nots.  I don't know how to solve it, and I don't think it's a good thing for us as a country.  Happy, though, to be on the right side of it.

 

[topnotchrally 106]

8 minutes ago, paulo said:

I think that there has also been a distinct "drought" of e39 M5s coming onto the market for the last year or so (but a reasonable number of e46 M3s), and when those 3 M5s popped up recently, there was pent-up demand to see them snapped up quickly.

That is an excellent point, I completely overlooked that.  

[Eagle 1662]

E46 M3's have far high production numbers than M5 too, so id expect the M5 to outpace the M3 value as time goes on.

[Blackie 510]

9 hours ago, leonf said:

'Old man' = (hopefully) mortgage free and probably with spare cash.  Younger man with a mortgage will find a bit of financial stress coming their way. There is certainly a division of wealth in NZ. The haves and the have-nots.  I don't know how to solve it, and I don't think it's a good thing for us as a country.  Happy, though, to be on the right side of it.

 

It was no different when I left school in the 90s. Just as gen X we got on with it and are now many decades of working life later are starting to see some financial light at the end of the tunnel. (Still not enough for me to afford an M5 or M3 but)