I picked up my car from EAG.

[Schnitzer318is]

This thread has been entertaining.

Some people (probably younger and less financially well-off) are upset that these cars are literally flying up in value. REAL value... not inflated or perceived value. Real value. The days of $1000 decent craigslist finds are gone and they just can't come to terms with it.

BTW... I just sold my '87 autobox eta for $4800. Only 3 years ago that would have been unheard of. And over 5 years I spent about $7000 on it getting it to where it was at today. And that's with me doing all the labor. So those saying it's cheap to buy and restore a car... nope, sorry.

I said it in his first thread, and I'll say it again. Congratulations on an amazing purchase. You got what you were looking for in an e30 and I can only imagine how fun and fresh it feels to drive an example that "young." As a fellow M42'er, I can relate to how much fun that little motor can be. It's a shame you seem to have been run out of your thread, but I wish you many years of enjoyment (summers I'm sure) and at least a break even when you go to sell it.

[ThatOneEuroE30]

This thread has been entertaining.

Some people (probably younger and less financially well-off) are upset that these cars are literally flying up in value. REAL value... not inflated or perceived value. Real value. The days of $1000 decent craigslist finds are gone and they just can't come to terms with it.

BTW... I just sold my '87 autobox eta for $4800. Only 3 years ago that would have been unheard of. And over 5 years I spent about $7000 on it getting it to where it was at today. And that's with me doing all the labor. So those saying it's cheap to buy and restore a car... nope, sorry.

I said it in his first thread, and I'll say it again. Congratulations on an amazing purchase. You got what you were looking for in an e30 and I can only imagine how fun and fresh it feels to drive an example that "young." As a fellow M42'er, I can relate to how much fun that little motor can be. It's a shame you seem to have been run out of your thread, but I wish you many years of enjoyment (summers I'm sure) and at least a break even when you go to sell it.

This. Just because you guys don't have the cash to drop on a pristine survivor e30. Doesn't meet you have right to bash. Enjoy your car it's an extremely clean car. I hope you enjoy it as much as we enjoy are cars. It's YOUR money spend it how you want and let the complainers complain.

[Hooffenstein HD]

:drink:

Nobody is paying $4K for 'drift sluts' I just don't buy it.

I'd rather pay 20k for a properly built drift spec E30 than a boring, slow, crappy handling stock one.

[Schnitzer318is]

I'd rather pay 20k for a properly built drift spec E30 than a boring, slow, crappy handling stock one.

That's because you value a crappy riding (read harsh) e30 over a stock one. Which is fine... more power to you. A lot of people prefer to drive the more comfortable, and still remarkably capable, e30 with the stock or mild dropped suspension.

Just because you dig one thing it doesn't devalue what someone else digs. Which is what some posting in this thread don't seem to get. Because YOU personally don't value something as desirable, doesn't mean others don't. And right now (as with most collectible cars) a stock or OEM+ example of an e30 is going to command a much better price than a track rat. Especially if that example is of the uber low mileage variety like the OP's.

[CPTFelch]

I'd rather pay 20k for a properly built drift spec E30 than a boring, slow, crappy handling stock one.

I am refrencing the way beat to s#%t e30s are listed and sold. Yes there is an entire market segment of sub 5k e30s that span the entire range of quality, though it is now rare to find something that hasn't been wrecked, swapped and generally abused in this range.

Then you run the nice either modified or clean stock range that goes up to about $12k based on the factors of originality or quality and extensivness of mods.

Then anything above $15k is realistically out of the market for most people. For a variety of factors. Not a lot of people are going to pay that much for a 25 year old car, let alone most people don't have that cash lying around and banks aren't financing that.

So yes a properly set up full built car is going to be work that much and provide entertainment if that is what you want. Though if you want an original example to drive this fulfills that need.

[Aleksey]

Some people (probably younger and less financially well-off) are upset that these cars are literally flying up in value. REAL value... not inflated or perceived value. Real value. The days of $1000 decent craigslist finds are gone and they just can't come to terms with it.

BTW... I just sold my '87 autobox eta for $4800. Only 3 years ago that would have been unheard of. And over 5 years I spent about $7000 on it getting it to where it was at today. And that's with me doing all the labor. So those saying it's cheap to buy and restore a car... nope, sorry.

Why would they be upset if they are driving them? The tune of 'young' and 'broke' / 'haters' is out of touch. I'm not either of those things.

The days of decent craigslist finds are not gone; it's called 'GAP' where people get E30's because they are cheap and retain them for a while then grow up and unload them saturating market.

You can still get E30 at an auction if you have a license for cheap. Some of them are going straight to junk yard because it's easier to flip honda/toyota.

You spend $7K + whatever you purchased it for and sold it for $4800K. So... but that's not an indicator that value is going up. I'm confused.

I am refrencing the way beat to s#%t e30s are listed and sold. Yes there is an entire market segment of sub 5k e30s that span the entire range of quality, though it is now rare to find something that hasn't been wrecked, swapped and generally abused in this range.

I assume this 30K mile car was driven by 50 year old doctor, etc, etc who could not go above 40 Mph? I would not consider r3vlimited to be market indicator of any sort; people are just abusing the 'e30 circlejerk' you can see it first hand in this thread. Go to auctions and see how many e30s get crushed because nobody bids on them. Seriously.

[e30onBBSs]

It's the value of it to them.

It's worth it to OP to not dick with restoring a car.

It's worth it to OP to not have to dick around finding a car.

It's worth it to OP to have a low mileage, all original example.

You know, it's kinda nice to see them going up like that. No, mine isn't going to be worth near that much, nothing on it is near original. No, I'm not going to pay that much for one. BUT, for OP, it's totally worth it. He got what he wanted at a price he wanted to pay for it and he is HAPPY with it.

/done.

This ^. And who wouldn't be happy for this guy? Shit if one day I can afford to spend $23K on a mint e30 I will be very satisfied :D

[Schnitzer318is]

Why would they be upset if they are driving them? The tune of 'young' and 'broke' / 'haters' is out of touch. I'm not either of those things.

No idea. I'm guessing it's simply because this particular example is so nice. We should all be happy to see these kinds of sales for e30's.

The days of decent craigslist finds are not gone; it's called 'GAP' where people get E30's because they are cheap and retain them for a while then grow up and unload them saturating market.

It was a general statement. You CAN still find good craigslist buys... it just takes 100x longer. I still peruse the CL almost daily just in case something pops up that I can't pass up. The market for NICE e30's will not be saturated anytime soon. Most of the cars you find for sale (or on the road for that matter) are either in poor condition mechanically, decent mechanically but poor condition cosmetically (especially interiors), or some combination of those states.

You can still get E30 at an auction if you have a license for cheap. Some of them are going straight to junk yard because it's easier to flip honda/toyota.

You spend $7K + whatever you purchased it for and sold it for $4800K. So... but that's not an indicator that value is going up. I'm confused.

I'm not a dealer so am not privy to auctions... but I'm guessing an e30 going through there is not exposed to the same sort of buyers you would find on r3v, CL, or anywhere that someone might actively be looking for an e30. Typical car shoppers as you say would prefer the Honda/Toyota so those are the cars that get higher prices at auctions. And every e30 that goes straight to the yard just decreases supply even further... which has the potential to increase prices in the future.

Sorry I should have specified... I spent $7k on the Eta including the purchase of the car ($700 out of a field). I rescued it from the crusher really. The indicator that values are going up is that the car is an automatic, an Eta, and early bodied. All 3 of those factors used to be seen as completely undesirable. Selling for $4800 used to be what you would get for a nice plastic bumpered car. Now even slushbox Etas (albeit nicely maintained and refinished) are going for decent money.

[Aleksey]

No idea. I'm guessing it's simply because this particular example is so nice. We should all be happy to see these kinds of sales for e30's.

It's 'so nice' based on what... 4 grainy pictures and price tag?

Whatever man.... this is becoming a dead horse. As I type this the value of that car is dropping

[Schnitzer318is]

It's 'so nice' based on what... 4 grainy pictures and price tag?

Whatever man.... this is becoming a dead horse. As I type this the value of that car is dropping

You didn't see the original EAG ad apparently. There were TONS of pictures of this car. It really is a nice car. I make no bones about the fact that I wouldn't pay $23k for it... but that doesn't mean it's not worth that.

Edit: Here you go... the add is still up. I doubt it will change your mind about your position, but I thought you should at least see more of the condition of the car in question to more see where the buyer is coming from.

EAG 318is Ad

I supported my positions. And will reiterate. Just because you personally don't believe this car to be worth $23k... doesn't mean it isn't actually worth $23k. The e30 market IS going up. It started back in in the day when guys like RyanG (I think that was his name) sold his beautiful brilliant red e30 for $12kish and it's been trending up that way ever since. I still have pictures of his car as wallpapers it was so nice.

Double Edit: It wasn't RyanG (he sells splitters) but egk2 that had the beautiful brilliantrot e30.

egk2's ride

[Aleksey]

You didn't see the original EAG ad apparently. There were TONS of pictures of this car. It really is a nice car. I make no bones about the fact that I wouldn't pay $23k for it... but that doesn't mean it's not worth that.

Edit: Here you go... the add is still up. I doubt it will change your mind about your position, but I thought you should at least see more of the condition of the car in question to more see where the buyer is coming from.

EAG 318is Ad

I supported my positions. And will reiterate. Just because you personally don't believe this car to be worth $23k... doesn't mean it isn't actually worth $23k. The e30 market IS going up. It started back in in the day when guys like RyanG (I think that was his name) sold his beautiful brilliant red e30 for $12kish and it's been trending up that way ever since. I still have pictures of his car as wallpapers it was so nice.

Lol.

Those pictures are 400x400. Trunk is missing insulation.... and I might be wrong but front windshield was replaced without OEM weather stripping. E30 values are not going up. Non M3 anyways.

[rturbo 930]

E30 values are not going up. Non M3 anyways.

Dude, are you dense? Yes they are.

And the trunk isn't missing anything. First you started saying something about dings, which it has none of, then about it needing a repaint in a few years, which it almost certainly won't, and now you're going on about missing trunk insulation and missing OEM weather stripping (you can't even see it)? I'm getting the feeling you're talking out of your ass, at this point.

[Schnitzer318is]

Lol.

Those pictures are 400x400. Trunk is missing insulation.... and I might be wrong but front windshield was replaced without OEM weather stripping. E30 values are not going up. Non M3 anyways.

Well, looks like you are just closed minded and stubborn. Fine... it's the internet, you are entitled to your opinion. In the future though... when you get a little older... you'll realize you don't know everything and sometimes it's smarter to be open to other people's opinions even if they don't necessarily change yours. It's called learning and experience. If you still think non-m e30 values are not on the way up... there is nothing I can tell you to change your mind.

PS: 318is did not have trunk insulation and not sure why you think it's non-OEM weather stripping. At <38,000 miles I'm sure they just reused the factory weatherstipping that was on the car. It would not have needed to be replaced with such low mileage unless it was torn during the new windshield install.

[rturbo 930]

PS: 318is did not have trunk insulation and not sure why you think it's non-OEM weather stripping. At <38,000 miles I'm sure they just reused the factory weatherstipping that was on the car. It would not have needed to be replaced with such low mileage unless it was torn during the new windshield install.

I don't see any mention in either the ad or the OP of the windshield being replaced. I have no idea where he got that from, but I'm fairly certain the windshield is original.

[Aleksey]

Dude, are you dense? Yes they are.

You are basing that on what? Show me market data graphed over 10 years not random butt-dyno forum data graphed over 2 years~ that does not account for 'gap' / 'wave' of car sales.

This is typical example of a bubble. Good luck in thinking you will be flipping your E30's for $50K in 2020.

ITT: Fan boys

Seriously; I need to get out of here so I will gracefully wave a white flag and unsubscribe.

Edit:

https://www.hagerty.com/valuationtools/hvt/vehiclesearch/report?vbe=99319

E30 M3 baseline. If you understand stocks and valuations you can see sharp burst (bubble) and flat line. That's for the most premium E30 on the market. Also note average value for the most premium E30 is $30K~.

Common sense.