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01-25-2019, 11:00 AM | #67 |
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If you want a chance of meaningful appreciation, you should get the following spec:
-6mt -no iDrive -no sunroof -not a vert -in an exterior color (not white/black/grey/silver) -interesting interior color (not black or grey) -LOW mileage. The cars that pull the mega dollars are very low mileage. The $185,000 e39 M5 recently was <100 miles. I'd say there's basically 5 mileage categories: <100 miles <10,000 miles <50,000 miles <100,000 miles >100,000 miles If you're looking to not spend near new money, but have some appreciation, I'd start with category 3 and keep it in category 3 (sub 50,000 miles). Once cars get over ~100,000 miles, they're unlikely to every meaningfully appreciate, unless they're crazy rare (which the M3 isn't). I'm not saying you need all of the above. But, IMO (based on the e36 and e46), those will be the factors that increase value, and a car with all of the above and low mileage will likely significantly appreciate... ... unless the transition to EVs happens quickly, resulting in gas stations going away, making ICE cars a PITA to drive, which will likely destroy all ICE car values other than the rarest of the rare.
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2005 M3 Coupe, 2004 M3 Wagon, 2001 M5 Sedan, 2008 M5 6MT Sedan, 2012 128i M sport Last edited by Obioban; 01-25-2019 at 02:20 PM.. |
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IB M2782.00 |
01-25-2019, 02:10 PM | #68 |
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01-25-2019, 04:23 PM | #70 | |
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CP-E DP's / Remus Race / ETS 7" FMIC / AFE DCI / Cobb V3 / ETS CP / HKS BOV
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fatalelement174.00 |
01-25-2019, 04:30 PM | #71 | |
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Drives: 2008 E93 Space Grey M3 DCT
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I think we all like the fantasy that it's a great financial decision to buy whatever car we buy, but that should really not be a consideration when buying a car. It will undoubtedly be a classic from a car enthusiast standpoint (it already is), but I think we're living a dangerous fantasy trying to turn this into a defensible financial asset. Although, in fairness, OP has recognized that it's ridiculous to expect profit. I think the reality is if you are only driving 1k a year, you probably can cover that limited depreciation if you take car of the car well, but once you factor in maintenance and insurance, you're probably gonna be SOL. In addition, you have to consider time value of money. Spending 30k to get 30k in 3 years is not "free", it's a very measurable loss. Last edited by fatalelement; 01-25-2019 at 05:11 PM.. |
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01-25-2019, 08:50 PM | #72 | ||
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Drives: 2010 E92 M3
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I do think the people buying excellent examples in the 22k-30k range right now will be well positioned to unload the car for close to what they paid for it if they keep it in excellent condition and don't commute daily in it. I will say this, I'm $3k into repairs, about to spend $2500 more on RBs, I'll never ever see my money again, but it's nice to know I could still unload the car and pocket a down payment for a house. There aren't a lot of useful, exciting automobiles that can essentially be enjoyed and unloaded down the road with a minimal hit to the pocket.
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fatalelement174.00 |
01-26-2019, 05:00 PM | #73 | |
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That being said, I live in CA so I have great roads and weather so I can drive a few hundred miles per week for pleasure with almost no traffic on mountain roads. I get that in most of the country this is not possible. Where I live, owning a car to commute is idiotic, so if you're going to spend money on it, you should do it to drive it rather than get any other utility from it. You're right about this car having a price floor - which is unusual and nice. Even if you total it, as long as the engine is OK (transmission isn't worth that much, less than 2 grand), you have enough for a 30% down payment on a new M3. P.S. I am jealous that this car is, where you live, the down payment on a house. Don't ever come to CA, the down payment on my studio apartment on the ground floor in a warehouse district on the edge of the city is $150k. Last edited by fatalelement; 01-26-2019 at 05:06 PM.. |
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cjm41752.50 |
01-30-2019, 11:38 PM | #75 |
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Yeah there are still vids! Posted one yesterday! Thanks for asking
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