15K Price Point?

In the past, say 3-4 years ago, E30 M3's were either bought in good condition for around $15K, or if the car was bought for $9K, it would take another $6K to make the car look and drive well. Prices on E30 M3's are coming down and supply is going up (cacktusjacks said there are currently 10 on eBay). Do you folks feel values will return to the $15K price point for a good car?

With the economy the way it is, it isn't helping prices, but E30 m3 prices are not being crushed as much as other cars. OTOH, people with ratty cars are seeing the $30+ asking prices of the pristine examples so they think that their car must be worth that much. I still think the majority of the E30 M3 market is not in touch with reality.

Originally Posted by Bruce

With the economy the way it is, it isn't helping prices, but E30 m3 prices are not being crushed as much as other cars. OTOH, people with ratty cars are seeing the $30+ asking prices of the pristine examples so they think that their car must be worth that much. I still think the majority of the E30 M3 market is not in touch with reality.

Thanks, Bruce I'm looking at three nice examples with prices ranging from $17.5K - $22.5K. I'll post back if I move on any of them.

Come to the dark side....although mine doesn't have an S14....oops.

Originally Posted by Bruce

Come to the dark side....although mine doesn't have an S14....oops.

Bruce, initially I was looking for one with a blown engine so that I could swap in an S52

Originally Posted by markseven

Bruce, initially I was looking for one with a blown engine so that I could swap in an S52

Whatever people tell you, don't believe that a swap lowers the value. A well done swap is worth at least as much as an S14 powered car to most people.

An S50 B32 is a better swap. :-)

If I were to do it again, I would swap in an S54.

Originally Posted by Bruce

Whatever people tell you, don't believe that a swap lowers the value. A well done swap is worth at least as much as an S14 powered car to most people.

An S50 B32 is a better swap. :-)

If I were to do it again, I would swap in an S54.

Indeed, and thank you for confirming my suspicions that the S14 guys are a little too preoccupied with the fourbangers

IIRC, Treehouse had two B32's for sale - those headers alone are a piece of art. However, I am on a budget and revisiting the possibility of installing an S52 in my wife's 91 325 and relegating the Sienna as her exclusive mode of transpo. A plain jane E30 is the ultimate sleeper

An S52 is definitely cheaper.