M prices tanking….. hard.

[Bennyboy 199]

2013 coupe, nz new, bearings done 

30k

i think we’ll see prices dip even further with interest rates set to climb 

good time to buy! 
 

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/4418343637

[Eagle 1662]

Only go to replace the rest of the original worn parts now

[topnotchrally 106]

This car is still in its depreciation period. Also, these cars do not have the cache of earlier (pre-2003) M cars, being high maintenance and (IMHO) not very good looking.  Also, it's SMG...ugh.

But that's might be just me.

[Bennyboy 199]

Sold - within hours of listing 

[e30ftw 410]

1 hour ago, topnotchrally said:

This car is still in its depreciation period. Also, these cars do not have the cache of earlier (pre-2003) M cars, being high maintenance and (IMHO) not very good looking.  Also, it's SMG...ugh.

But that's might be just me.

Not SMG, it's DCT. They are a blast to drive, even for the manual die hard.

[MD13 494]

So many M cars on trademe! Never seen so many e46 M3's.

[E30 325i Rag-Top 2956]

Not a good time to be trying to sell their week-end toys. Where costs are starting to bite quite a few people are looking to cash up the toys.

Unfortunately the flip side of this is that there are very few buyers looking for those toys so the market is very flat.

Anyone that does have a little cash is in a great position to get something nice for a good price.

[Apex 693]

 

Thoughts on buying a few things now? 

I wonder how desperate people are to sell if approached with cash and a offer? We have had a few years of hyperinflated prices so it may be a mental hurdle to accept that your "rare classic" is not that appealing in a recession.

I'm guilty. I turned down a good offer last year and now I cant even get someone to come and kick the tires at half the price.

Would think if you have the space, keep the car for 5 years, or if you have the cash, buy now, enjoy and know you got a good deal that will appreciate, albeit a bit slower than they did a couple of years back. If you only make 10k its still more fun than money in the bank. 

 

 

 

Edited November 14, 2023 by Apex

[Eagle 1662]

Some certainly appear better than others but dont see anything for sale that had a real mechanical birthday. To me it always felt like people stop about driving them when they reach 10+ years old and creep up around 100,000km, certainly rare to see anything over 200,000km. I dont know if that's due to perceived value loss, mechanical uncertainty, or both. Any profit would probably vanish if you refreshed it and drove it regularly for 5 years. 

[Karter16 404]

I wish prices for M parts would also tank hard. 😵

[m325i 709]

13 hours ago, Eagle said:

Some certainly appear better than others but dont see anything for sale that had a real mechanical birthday. 

Here you go. Significantly better and fresher than it was at 95km

[Harper 547]

13 hours ago, Eagle said:

To me it always felt like people stop about driving them when they reach 10+ years old and creep up around 100,000km, certainly rare to see anything over 200,000km.

At that point I think they just end up being worth more to keep. Just ticked over 190km in my M3, if I were to sell it I think the mileage would put most people off despite it likely being mechanically one of the best. Engine fully rebuilt, almost everything in the suspension replaced at least once. I can't imagine selling it any time soon. There is nothing close to as good as an E46 M3 with a carbon airbox in the same price range. 

[m325i 709]

1 minute ago, Harper said:

At that point I think they just end up being worth more to keep. Just ticked over 190km in my M3, if I were to sell it I think the mileage would put most people off despite it likely being mechanically one of the best. Engine fully rebuilt, almost everything in the suspension replaced at least once. I can't imagine selling it any time soon. There is nothing close to as good as an E46 M3 with a carbon airbox in the same price range. 

Well I'm here to test the market for you as I'm in the same boat. Kiwi's love to buy cars based on ODO... Educated purchasers know to look deeper. How many are out there, not sure....

[Sammo 2544]

2 hours ago, m325i said:

Here you go. Significantly better and fresher than it was at 95km

If someone steals the 'uneconomical to ever sell'  E30 I would be all over this in a heartbeat

[Eagle 1662]

3 hours ago, m325i said:

Here you go. Significantly better and fresher than it was at 95km

I did see that that one hence some better than others comment, but unless he hasn't mentioned or it's just considered general service history it's nothing great imo.

@Harper Yeah exactly and why you rarely see stuff like that for sale.

 

[m325i 709]

1 hour ago, Eagle said:

I did see that that one hence some better than others comment, but unless he hasn't mentioned or it's just considered general service history it's nothing great imo.

@Harper Yeah exactly and why you rarely see stuff like that for sale.

 

All new suspension, bushings, engine mounts, g/box mounts, shift linkages, RTABS, diff seals, prescribed inspections, valve adjustment etc etc. 

[KwS 2425]

On 11/13/2023 at 6:49 PM, Bennyboy said:

2013 coupe, nz new, bearings done 

30k

i think we’ll see prices dip even further with interest rates set to climb 

good time to buy! 
 

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/4418343637

I see its back due to the buyers finance falling through (bet that'll happen a lot now too).

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/4420632073?bof=legWhr5l

Already has some knob in the comments saying its worth more and to remove the $30k buy now. I dont know why people do that, if the seller is happy with $30k, let them do what they want.

[Eagle 1662]

Im sure if someone turned up with 30k in the hand he'd take it. If it was such a deal he should of bought and re-sold it. Tis known the market and slowed along with available funds, so to me its more of a realistic sale price than an artificially inflated covid price.

[Bandit 194]

3 hours ago, KwS said:

I see its back due to the buyers finance falling through (bet that'll happen a lot now too).

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/4420632073?bof=legWhr5l

Already has some knob in the comments saying its worth more and to remove the $30k buy now. I dont know why people do that, if the seller is happy with $30k, let them do what they want.

Because the "knobs" know the market better than the owners and sellers.........😁

[KwS 2425]

6 hours ago, Bandit said:

Because the "knobs" know the market better than the owners and sellers.........😁

Doesnt matter what the market is doing, if the owner is happy to take a certain price 🤷‍♂️ (unless its over priced, but the seller will figure that out in time and also doesnt need someone harping on about it being over priced...)

Edited November 19, 2023 by KwS

[m325i 709]

An f80 sold on Saturday for full ask, so there are buyers out there.

[Apex 693]

16 minutes ago, m325i said:

An f80 sold on Saturday for full ask, so there are buyers out there.

Two rogers don't make a right.  E46 Manual = Connoisseur

 

 

[topnotchrally 106]

Three pedals good, two pedals bad. 😀