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Originally Posted by JST
I thought that was a really good article about the way in which “classic” cars appreciate. Will be interesting to see what happens when all the ppl our age who lusted after these start dying off, though.
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I think the generational comments are interesting. I have a soft spot for BMWs from the 90s/00s because that’s when I was a kid obsessing about cars going into the period when I worked in the business. No surprise that as people my age come into the means to acquire these cars the prices are going up. Will they hold? Who knows. In 20-30 years there will be even fewer of them left which will help, but kids these days seem to care less and less about cars so not sure who will be willing to pay the premium.
If I had more space and a bit more free cash for toys at this point, I’d love to pick up a clean E46 M3. There’s a beautiful Estoril Blue individual one at EAG that brings back a lot of memories. Not sure I’d want to pay the EAG premium but would love something like that one, or an Interlagos Blue ZCP.
Quote:
Originally Posted by lemming
Even the 50-60k mile example is damn good money if you’re an owner that enjoys the car and still drives it from time to time.
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Yea. I think the smart play here is a car with some mileage but not totally worn out. Still a lot of opportunity on a 50k mike car and even a 80k-90k car and you’re not paying the crazy premium for a 10k mile one that will plummet if you actually drive it.
The EAG cars are nice in that they are fully sorted (generally clean history, fully serviced fluids, filters, refreshed suspension, new tires, proper detailing, seems like they do new clutches on most of the M5s, etc.) but carry a $$$ premium for that luxury. There are non-EAG examples that are pretty nice also for a lot less money. I wouldn’t put $80k or $90k into one of these but I think a $30k example will hold its value and be something you can still use regularly. There are several of these that have sold this year on BAT in the mid-20s/low-30s.