Took donkeys years for an M1 or M3 CSL batmobile or E30M3SE to go above 50k. By the time our lovely rare and exotic Z4M get there, that bubble will have burst big time.
Appreciating classic....???
- Thread starter plowy
- Start date
Darren M said:StevenH72 said:
Regarding E30 M3's, I enjoyed owning two of them but IMO no way worth their current prices other than special cases (ie, an evo2/ sport dry stored in italy). A lot are hiding some serious rust issues and will need complete restoration at some point. Replacing the bonded windscreen (if it got chipped) easily damaged the frame and can rust and let water into the cabin. The windscreen drain holes were rubbish too and could easily cause a build up of water causing a rusty scuttle(but well hidden) and then the water could drip down and rust out the bulkhead too - not good. QUite a few parts are becoming NLA so could be a real PITA to keep in a great condition.
Journalists often compare to the E30 M3 but I do wonder sometimes if some of them have actually driven one. Like today's M3's the road cars did lack in the braking department, uprated springs/dampers were required for serious track work, and the steering was over assisted which affected steering feel. The overall handling was sublime however.
Good point. The press have created idols out of certain cars. The 911 (old ones are pigs to drive and modern ones are completely inert unless pushed way beyond most people's talent). Of course that is subjective and I love GT3's. 12 years ago I nearly bought an E30 M3 when they were worth arounf £10k or less. Dismissed it as being a horrible bouncy square thing from the 80's with a rough 4 pot (that was after driving a VTEC). Today I'd probably swap my Z4 for one (if it were perfect) which is just rose tinted goggles really.
ChawenHalo said:
I think the property market in the UK has something to do with it. Only really in the last 5-8 years have we seen these cars really appreciate.
from 1993 to 2007 we had some fairly decent 'boom' years and property prices went nuts. Most people, with extra cash, shoved it in bricks and mortar and watched their investments grow and grow quickly.
However, come 2008 the bubble burst, property prices stagnated (outside London at least) for 6 years, banks offered basically no interest and for the 'average' man there was no obvious choice. A lot of people (or at least car fans) started to buy up classic (or near classic) cars, the interest in these cars (coupled with media rousing) has seen certain marques become quasi decent investments.
The property market still isn't rallying (generally...we had a spike in 2014, but things have quietened down again since October time) so people will continue to play with cars, not lose any money and probably have a bit of fun, fulfill a boyhood dream in the process. The ripple effect is that people toying with the idea of an E30 M3. Z3M or an E46 CSL have been pushed towards the Z4M's as an affordable alternative.
Once the property market starts to show steady 5%pa growth, I'd be surprised if the car market continued to grow as it has been.
I have to disagree. I drove a 1981 911 SC Targa for about five years, and I found it a pleasant, easy car to drive. In all the time I owned it I can only recall one occasion when it gave me a nasty surprise. That was on Hammersmith roundabout, of all places, so I'm inclined to attribute it to oily muck on the road, rather than the car misbehaving at speed.
Maybe I never tried hard enough?
StevenH72 said:
Agree it's an asset bubble and it's anybody's guess when or why it will burst, but when the shake out happens (as it always does) only the genuinely best, rare and exotic examples stand a chance of making money once restoration and ownership costs are factored in. I remember the late 80's when everybody punted their bonus on the latest old iron (or ferrous oxide in most cases) to be 'tipped' as a sure fire classic investment. Crazy fortunes were spent restoring basket case barn-finds and fortunes were lost never recouping the expenditure when the bubble burst, even now. It's starting to feel like a re-run TBH.
Don't go crazy, buy to enjoy and if a car happens not to cost as much to own as you feared then it's a bonus
CockneyPlayboy
Member
Personally I think better way to look at it is you could own the car for a number of years and be safe in the knowledge that unlike many other cars, should you wish to sell it then it probably wont have depreciated! (unless you have put huge miles on it)
.... so have your fun and if you choose to sell then all you have spent is your fun along the way... the cars still worth a good few quid.
If you follow the trend with the Z3m..... they never really bottomed out on price.... just stayed healthily up there and slowly eventually appreciated.
.... so have your fun and if you choose to sell then all you have spent is your fun along the way... the cars still worth a good few quid.
If you follow the trend with the Z3m..... they never really bottomed out on price.... just stayed healthily up there and slowly eventually appreciated.
mad4slalom
Senior member
jamesbond said:
errrrr , this is the M///specific forum for all us m/// m///uppets
mad4slalom said:jamesbond said:
errrrr , this is the M///specific forum for all us m/// m///uppets
I assume you got no further than that post? If you had you would have seen that was pointed out already and there are several posts after and I even think one was an apology?
I think it may have had something to do with some E89 topics being hijacked re ///M cars that may have pushed him over the edge after a glass or two of vino
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