Can someone explain to me why does an E30 M3 cost so much? The reason why I am asking is because I saw a Black 1989 M3 with 163K mi daily driver for sale, and the asking price was 12k. That price to me doesn't seem reasonable because all of the seats in the car are in bad condition, cracks throughout every sq in of the leather, the paint on both of the door edge has chips also there is a penny sized dent in the pass door. The windshield has damage and there was oil dripping from the the motor. Any other E30 in that condition would never be listed for such an exorbitant price.