I Bought the 858 Mile Interlagos EAG Car!

[jerseydirt]

Originally Posted by ghostofsenna

It's a business expense for him. Look at the content he plans to create with it.

Originally Posted by Frozen

This. The majority of the guys on this site don't understand the business side of this. Or understand business at all. They're wage slaves.

Is the business exempt from the laws of economics?

Some of these comments remind me of that old Seinfeld episode where Kramer says "It's a write off".

Originally Posted by Frozen

Plus Matt isn't paying for the car, he's paying for the experience and taking us along the journey with him.

This is a great line. Will try this out on my wife with my next car purchase.

[e90335e36m3]

Some of you guys are out of control...business, economics, and so forth. The guy bought a car he wants and to do with as he wants. He's already made clear he doesn't give a shit what any of you think.

Why would you he buy a car that will depreciate $60K over the first 10K miles? Because he can afford to. That car has seen less ass time than any other M3 out there, and it's his perfect spec. The paint is likely perfect, he can wrap the car and keep it pristine.

Money no object, I'd do exactly the same thing.

[JRF]

Originally Posted by Bimmer Barney

Laughing at the money is inconsequential comments. Nobody buys an E92M if money is inconsequential.

Going to be an awesome build! Why the Brembo CCM and not something even more racey?

"nobody buys an E92M if money is inconsequential"..... hilarious!

[Money2536]

Originally Posted by GiorgioE82

Fantastic spec Matt!

If you don't mind me asking for clarification, was the price $120k plus whatever the price of the E46 or did the $120k include the cost of the E46 trade?

I bought the E46 6 months ago for $65,000. I sold it back to them for $61,000, but they cover the transport for both cars $4,000.

I bought the new car for $120,000. So it looked like this: $120,000-65,000

[Money2536]

Originally Posted by asma123

Congrats! Your car you do you. No judgement here I’m just a little confused.
So you have a higher mileage e92 m3 and you want to swap the mods to the newer low mileage one?
Would love to see the content!

My Le Mans has 37,000 miles on it. I'm going to be doing a raffle (giveaway) with it through Obsessed Garage, so the Le Mans is staying as is.

I bought all new parts for the Interlagos.

[Money2536]

Originally Posted by jerseydirt

I'm genuinely curious why you would pay a huge premium for an original, ultra low mileage car if you plan to modify and drive it? I completely get the desire to own and preserve original time capsules. I also get the desire to modify and drive cars. I'm just not sure I understand when these conflicting objectives intersect. I suppose if money is irrelevant then why not always buy the best. Is that the case here?

It's a little confusing. My life and business are obsessing over things. I was looking for a perfect M3 to obsess over. My current car is done, so I want something else to do it over.

[Money2536]

Originally Posted by jerseydirt

The premium paid for low mileage is not linear. There is an extreme spike in price for extremely low mileage, as evidenced here. You can get a mint e92 with 15k miles, which is still ridiculously low for a decade old car, for literally half the price.
The first 10k miles driven in this car will cost Matt $5 per mile. I just don't get it, unless money is simply no object, in which case I do get it.
Again, not critiquing the purchase or the buyer in any way, just trying to understand rationale.

Every mile I drive on camera makes me money, so it's very easily offset. Driving and 800 mile car gets more attention.

[Money2536]

Originally Posted by Bimmer Barney

Laughing at the money is inconsequential comments. Nobody buys an E92M if money is inconsequential.

Going to be an awesome build! Why the Brembo CCM and not something even more racey?

The best part about Brembo GT kits is there are no drawbacks. The are quiet, light enough, look awesome, but aren't as aggressive as something like an AP kit. I've learned my lessons over the years going to hardcore for what I'm using the car to do.

[e90335e36m3]

Originally Posted by Money2536

My Le Mans has 37,000 miles on it. I'm going to be doing a raffle (giveaway) with it through Obsessed Garage, so the Le Mans is staying as is.

I bought all new parts for the Interlagos.

Curious if you'd be interested in selling directly. PM me if that's a possibility. Thank you!

[jerseydirt]

Originally Posted by Money2536

It's a little confusing. My life and business are obsessing over things. I was looking for a perfect M3 to obsess over. My current car is done, so I want something else to do it over.

Originally Posted by Money2536

Every mile I drive on camera makes me money, so it's very easily offset. Driving and 800 mile car gets more attention.

Thank you for your response, Matt. Makes perfect sense. I appreciate getting the answer to my original question from the only guy that could actually answer it.

Funny how much debate and speculation from third-parties a simple question to the OP can create. Gotta love the interwebs.

Good luck with your project. It's certainly a beautiful car.

[tdott]

Originally Posted by e90335e36m3

Curious if you'd be interested in selling directly. PM me if that's a possibility. Thank you!

He has said previously, he would make more doing the giveaway so it's not going to be worth it to anyone to buy it outright.

You'd have to be willing to pay $130k+ to buy it.

With his business, he is in the unique position that it is worth a lot more to him than anyone else.

[Frozen]

Originally Posted by jerseydirt

Is the business exempt from the laws of economics?

Some of these comments remind me of that old Seinfeld episode where Kramer says "It's a write off".

This is a great line. Will try this out on my wife with my next car purchase.

It sounds like you may not understand Matt's business model. He has a YouTube channel and an e-commerce retail store. YouTube attention brings buyers to his store and yes he takes us all on the journey with him. This e92 will bring attention/views/customers.

And re: wife: Sounds like your wife runs the show so it probably won't work for you.

[Frozen]

Originally Posted by jerseydirt

Thank you for your response, Matt. Makes perfect sense. I appreciate getting the answer to my original question from the only guy that could actually answer it.

Funny how much debate and speculation from third-parties a simple question to the OP can create. Gotta love the interwebs.

Good luck with your project. It's certainly a beautiful car.

Many of us are qualified to answer your question because we understand his business model. It's not rocket science.

You didn't ask a simple question you responded with a snarky, Seinfeld clip to people who basically gave you the same answer Matt did. Super annoying.

[Bigtriece]

Good for you dude! What an amazing opportunity! Your very fortunate to be able to have the means to relive a brand new e92 M3 almost a decade later. Glad it's going to you and not sitting in some dudes collection hidden from people who want to see it!

[akkando]

Originally Posted by jerseydirt

I'm genuinely curious why you would pay a huge premium for an original, ultra low mileage car if you plan to modify and drive it? I completely get the desire to own and preserve original time capsules. I also get the desire to modify and drive cars. I'm just not sure I understand when these conflicting objectives intersect. I suppose if money is irrelevant then why not always buy the best. Is that the case here?

It's as close as you can get to buying one new. However I think cars that didn't even hit their break in miles and sat for ten years probably have more issues come up than one with 10k miles. But Matt seems to want a new one. It doesn't do any good in a museum anyway.

And obviously as mentioned by others and Matt it might make good business sense because of the attention and content it brings.

I wonder how many 10k mile or less e92 m3s are out there in blue, no accidents, good shape, stick, zcp, single hump, etc? Probably not many.

[e90335e36m3]

Originally Posted by Frozen

Many of us are qualified to answer your question because we understand his business model. It's not rocket science.

You didn't ask a simple question you responded with a snarky, Seinfeld clip to people who basically gave you the same answer Matt did. Super annoying.

Seriously. Jerseydirt was the primary one who was overthinking this (e.g. linearity, law of economics). C'mon dude. Matt has fuck you money...he bought the car because he can...that depreciation per mile nonsense isn't even a consideration.

This type of overanalysis and snarky behavior is exactly why people stop sharing their cars with the forum. We don't need to see that stuff in his threads.

[jerseydirt]

Wow, what a sensitive bunch here. I thought this was a discussion forum where people can ask questions and get different perspectives. Go back and read my original question to Matt.

"I'm genuinely curious why you would pay a huge premium for an original, ultra low mileage car if you plan to modify and drive it? I completely get the desire to own and preserve original time capsules. I also get the desire to modify and drive cars. I'm just not sure I understand when these conflicting objectives intersect. I suppose if money is irrelevant then why not always buy the best. Is that the case here?"

It was politely phrased and I even suggested myself that if this was just a case of money not mattering, then it made sense. I don't know Matt and I certainly didn't know his business model or finances. I didn't know we needed to perform personal and business background checks on members before asking them a question.
I don't think Matt took any offense to my question, as clearly none was intended, and was nice enough to answer it.
My "snarky" comments and "over analysis" were not part of my question to Matt. They were responses to the peanut gallery who was unnecessarily trying to speak on his behalf. None of you shelled out a record price for an E92, only Matt did. His reply was the only one that mattered.

[Money2536]

Originally Posted by e90335e36m3

Curious if you'd be interested in selling directly. PM me if that's a possibility. Thank you!

It's going to make hundreds of thousands of dollar in profit, so selling would not work. It would be too much.

[Money2536]

Originally Posted by akkando

It's as close as you can get to buying one new. However I think cars that didn't even hit their break in miles and sat for ten years probably have more issues come up than one with 10k miles. But Matt seems to want a new one. It doesn't do any good in a museum anyway.

And obviously as mentioned by others and Matt it might make good business sense because of the attention and content it brings.

I wonder how many 10k mile or less e92 m3s are out there in blue, no accidents, good shape, stick, zcp, single hump, etc? Probably not many.

I was guessing when I bought it, but I'm now certain after messing with it this week pulling off PPF, emblems, gas cap leash, and rear trunk spoiler. It feels even better than when I got one new. It's like eating a forbidden fruit. I'm smiling ear to ear.

[akkando]

Originally Posted by Money2536

I was guessing when I bought it, but I'm now certain after messing with it this week pulling off PPF, emblems, gas cap leash, and rear trunk spoiler. It feels even better than when I got one new. It's like eating a forbidden fruit. I'm smiling ear to ear.

That's awesome.

[mtpktz]

Originally Posted by Money2536

I was guessing when I bought it, but I'm now certain after messing with it this week pulling off PPF, emblems, gas cap leash, and rear trunk spoiler. It feels even better than when I got one new. It's like eating a forbidden fruit. I'm smiling ear to ear.

Do you know how long that PPF/bra was on the car?

You mentioned in your intro video using steam to remove it - will the removal process be part of a future video?

[e90335e36m3]

Originally Posted by Money2536

I was guessing when I bought it, but I'm now certain after messing with it this week pulling off PPF, emblems, gas cap leash, and rear trunk spoiler. It feels even better than when I got one new. It's like eating a forbidden fruit. I'm smiling ear to ear.

So happy for you. You inspired me to get one! I called EAG about an MW / Extended Fox Red they had and inquired about yours, when they said the MW sold for $90K within 24 hours and yours was $120K, I was disappointed. I've decided to go a different way. Keep the M4CS and buy a relatively cheap early production model to turn into a project and finally won one last night on BaT. Key thing is that it's manual. Can't wait to park it alongside the CS.