What's this E30 M3 worth?

[s38e30]

So are you wanting a M for this price?

Excellent point.

For me and I assume several others on this board....., parting it out and keeping what you want to build your own, or repair another is completely worth it at $4k.

[iamsam]

I was debating whether to fix it a little and turn it around for a profit or fixing it to be a DD for me. Now, i am not sure how good an E30 M3 is for daily driving.

[iamsam]

Excellent point.

For me and I assume several others on this board....., parting it out and keeping what you want to build your own, or repair another is completely worth it at $4k.

now that is definitely another option.

[e30rida]

You would be foolish to pay that much when non collision damaged examples sell for around 6k in similar condition with slightly higher mileage.

Where? In spain? It's been a while since I've seen an M3 sell for $6k that wasn't a stripped shell.

[M-technik-3]

This is not a great example. That is the whole point.

E30 M3s in Spain sell for 13k-22k euros. And they sell for those prices. Google the conversion rates for dollar to euro. Bad examples in need of a good deal of repairs....all with low miles sell for $7000 euros. The three M5s we've parted in the last year had under 100k Kilometers and they were trashed. Mileage means nothing.

I bought a M3 outside Houston 3 years ago with 118k for for $5800 off of Ebay. It needed a lot of work but was clear title without accident damage. Just poorly maintained.

I know the conversion I spend at least 2 weeks out of every month in Spain or Germany. Transisting to other places with work. I'll be in Rota/Cadiz Saturday if your local..

Mileage may mean nothing in EU but here in the US it does to a degree.

There was a basketcase example that was in Newark DE. that was $800 three years ago complete. Owner quit on and left it in the yard.

We know it's not a great example but the owner probably doesn't want to give it away. Core support to a body guy is nothing. I see people fixing cars with far more rust in just a standard E30 here than that is. Granted we are just seeing the outside.

I am in the process of gutting two e30's for parts because I don't do bodywork on nasty rusty cars and these two are.

[s38e30]

now that is definitely another option.

I would take it if the motor runs and sounds good at $4k and get it out of the guys yard the same hour. Completely worth it in parts

They are excellent daily drivers and reliable provided you are proactive with maintenance. One friend had close to 300k miles before selling to buy a newer M car. Never broke down and run great, but he was very proactive in caring for it.

[s38e30]

I know the conversion I spend at least 2 weeks out of every month in Spain or Germany. Transisting to other places with work. I'll be in Rota/Cadiz Saturday if your local..

Mileage may mean nothing in EU but here in the US it does to a degree.

There was a basketcase example that was in Newark DE. that was $800 three years ago complete. Owner quit on and left it in the yard.

We know it's not a great example but the owner probably doesn't want to give it away. Core support to a body guy is nothing. I see people fixing cars with far more rust in just a standard E30 here than that is. Granted we are just seeing the outside.

I am in the process of gutting two e30's for parts because I don't do bodywork on nasty rusty cars and these two are.

Navy or Air force. I'm in Rota

[e30rida]

$4k is a steal. 5 lug's sell for $2k, rear seat is $400 easy and so are the fronts if they are nice. Core s14's are at least $2k, never seen one for less. That's $5k in just a few parts. Plus shells sell for $2k all day long. Then add all the little parts that bring good cash ie. cluster, bumpers, trunk mat, rear shelf, crack free dash, sideskirts with clips, black headliner etc.

[s38e30]

Mileage may mean nothing in EU but here in the US it does to a degree.

Mileage is almost everything here as there is very little rusting problem with the dry air. The Spanish in the south never drive so most of the cars down here are low mileage. The Americans here put the miles on the cars.

[M-technik-3]

Navy or Air force. I'm in Rota

usaf

parting it's worth more for stated obvious reasons but owner most likely doesn't want to go that route. It's timely and a hassle big time.

[UNHCLL]

You would be foolish to pay that much when non collision damaged examples sell for around 6k in similar condition with slightly higher mileage.

Show me proof. And I don't want to see the "My mom's best friends uncle's boss' cousin who knows this guy who read a news article by a reporter" example. ;)

Also, you quoted mostly new prices....................
These are 21 year old parts with unknown history.

Go look at used prices for M3 suspension parts if you can find them.
Maybe in Spain they're readily available... Europe also got almost 2x the number of E30 M3's as the USA.

The motor sells for about $3500 in complete working condition regardless of what people think they are worth. S38B38, S50B32, S62 and S54 engines are the only ones selling above $5k in good used condition.

Do you know what a NOS 2.3L block is worth? A block alone from BMW is worth ~$2500. Good luck finding a decend USED block & crank that doesn't need a hone/rebore. But hey, again what do I know? ;)

E30 M3s in Spain sell for 13k-22k euros.

13,000.00 EUR = 18,112.16 USD
www.xe.com @ 19:41:54 UTC on 2009.07.14
Hmmm, seems like thats a good bit MORE than what I stated the car is worth? Almost 3 times?

And they sell for those prices.

So you're confirming the value for such a car is there?

Google the conversion rates for dollar to euro. Bad examples in need of a good deal of repairs....all with low miles sell for $7000 euros.

Which is it? Euros or dollars? 7,000 Euros = $9,700 USD, still way more than what I posted as a value above.

The three M5s we've parted in the last year had under 100k Kilometers and they were trashed. Mileage means nothing.

E34? E28? E39?
M5 does not = M3
Production numbers are even higher on an M5 than an M3.

I bought a M3 outside Houston 3 years ago with 118k for for $5800 off of Ebay. It needed a lot of work but was clear title without accident damage. Just poorly maintained.

Excellent.
That was 3 years ago. I assure you if you tried to buy the identical car now, you'd pay 2x that price. How much have you invested in it since you bought it?


My point is not to berrate or belittle your opinions. My point here is to rationalize and prove that what may be consistent in Europe/Spain, may not be the case here in the USA. The reason I quoted "new" prices on some of those items is because it is becoming increasingly harder to locate such items here in the USA in decent condition. No more, no less... just a point of reference.


The best statement in this thread is "A car is worth what someone is willing to pay for it." And the above car is worth $5500-8500 to me. ;)


From the above posts with Greg it looks like your serving in our armed forces?
Thank you for your service if you are!!!!!

[s38e30]

usaf

parting it's worth more for stated obvious reasons but owner most likely doesn't want to go that route. It's timely and a hassle big time.

But entirely worth it to someone else................ I have a different perspective on this as we started our own business parting out M cars and upper end big motor BMWs.

If it is in the North east, I'll take it and use AAA to tow it to a storage facility until I or my wife get back to the States in Aug.

[e30rida]

Show me proof. And I don't want to see the "My mom's best friends uncle's boss' cousin who knows this guy who read a news article by a reporter" example. ;)




Go look at used prices for M3 suspension parts if you can find them.
Maybe in Spain they're readily available... Europe also got almost 2x the number of E30 M3's as the USA.



Do you know what a NOS 2.3L block is worth? A block alone from BMW is worth ~$2500. Good luck finding a decend USED block & crank that doesn't need a hone/rebore. But hey, again what do I know? ;)



13,000.00 EUR = 18,112.16 USD
www.xe.com @ 19:41:54 UTC on 2009.07.14
Hmmm, seems like thats a good bit MORE than what I stated the car is worth? Almost 3 times?


So you're confirming the value for such a car is there?



Which is it? Euros or dollars? 7,000 Euros = $9,700 USD, still way more than what I posted as a value above.


E34? E28? E39?
M5 does not = M3
Production numbers are even higher on an M5 than an M3.


Excellent.
That was 3 years ago. I assure you if you tried to buy the identical car now, you'd pay 2x that price. How much have you invested in it since you bought it?


My point is not to berrate or belittle your opinions. My point here is to rationalize and prove that what may be consistent in Europe/Spain, may not be the case here in the USA. The reason I quoted "new" prices on some of those items is because it is becoming increasingly harder to locate such items here in the USA in decent condition. No more, no less... just a point of reference.


The best statement in this thread is "A car is worth what someone is willing to pay for it." And the above car is worth $5500-8500 to me. ;)


From the above posts with Greg it looks like your serving in our armed forces?
Thank you for your service if you are!!!!!

s38e30 you just got owned. So stop trying to increase your post count with this thread.

[UNHCLL]

s38e30 you just got owned. So stop trying to increase your post count with this thread.

That is not my goal at all.
I can entirely respect s38e30's view here.... in Europe pricing is not what it is in the USA. Availability is also different....

I just didn't want people to take blanket statements of "The car is worth $2500" seriously.

If s38e30 is also in the dismantling/parts resale business, that would further explain why one might value the vehicle even lower than someone who's restoring it. The margin on the parts sold increases the lower the value of the car.


Respectfully,
Chris

[iamsam]

My big question is this:

How much are people (here in the US) willing to pay for this specific car?

Update: Prev. owner says the car DID run, but at the moment he doesn't know. I will take that as it doesn't run, but also doesn't necessarily have anything wrong with the motor, and can easily run if the car was put back together.