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What do you think my M3 is worth?
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My feedback:
http://www.r3vlimited.com/board/showthread.php?t=186328
http://e30tech.com/forum/showthread.php?t=74911
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Originally posted by tcheb View PostI think there is still a very well defined threshold of $15K. Below that people will just snatch your car without asking questions. Above that, they will nitpick for months and then walk away. I had two people who seemed very serious and then walked away for BS reasons (bad color match on a bracket in the engine bay or such) or just bugged me for weeks asking for pictures impossible to take and then just didn't follow up.
I think above $15K people just want perfect 1 owner cars, below 50K miles, clean carfax and new car smell still present.
Anyhow. I miss my M3 but I don't miss trying to sell one and deal with all the obsessive compulsive buyers these cars seem to attract. Most painful and frustrating experience ever.
I don't know where you have been the last couple of years, but REALLY nice ones are now selling pretty regularly over $50k. Couple of years ago those same cars sold for $30k-ish. I don't study the fixer upper market, but with the top of the market behaving like that, I can only assume that the bottom has appreciated in similar fashion. So that $15k threshold is probably more like $20k. Just my opinion, there are obviously a range of factors that play in to each sale, but right now I would tend to hold out for top dollar.
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