Massive Apparent E30 Market Price Increase

[slammin.e28]

Isn't the increasing value of E30s a good thing for those of us who already own them?

Yes, but it's bad for those who used to rely on $500 e30s to pop up so we could fix them and make a buck.

Now, people want $1k for shitboxes that popped the timing belt and need an engine.

[jhaurimn]

A buddy of mine's dad just bought two e30 m3s and a e28 m5 from EAG. One of the e30 m3s was a vert too...

Yes, low mile e30 prices are going up. They have been going up

[agent]

Yes, but it's bad for those who used to rely on $500 e30s to pop up so we could fix them and make a buck.

Now, people want $1k for shitboxes that popped the timing belt and need an engine.

There are plenty of guys who got into this chassis specifically for that reason. They saw an opportunity to make a buck and started snatching up all the cheap E30s to either fix and flip or part out and cash in. EAG just does it with nicer cars and at a much higher price point.

[bmoores]

I can see maybe 12-15k, which is probably what eag paid. As mentioned, they are good at finding these cars , cleaning them up and advertising them. They have done all of the work for those with more money than time.

They probably bought this car for $12-15K, cleaned it up did a few minor repairs. Then they keep it's price sky-high, along with everything else they sell. Eventually, someone with more money than brains thinks they're getting a deal on a rare car.

All that being said, unless you get an agreed-upon value for it, that thing will only be worth $7-9K in insurance value.

The car referenced along with the other 325 listed on their site were listed in tandem for $20k. That price was for BOTH cars. The original link was posted here somewhere. I'll try and find it but they were posted here via a Winston Salem Craigslist ad. I purchased my M5 from EAG and it's ran flawlessly for 12K miles. I had one small technical issue to which they responded immediately and resolved my issue at no cost to me within 48 hours. While a part of me hates their pricing you can't knock their hustle.