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Old 07-07-2018, 10:48 PM   #1
3LOU5
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To buy or not to buy, that is the question....

My parents' friend has a car that he wants to sell because his wife can't drive it anymore. He and his wife are an elderly couple, probably in their 70s.

The car:

1997 E36 M3 coupe, black on black
79k miles
5-speed manual

Price: $10,000

Opinions ??
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Old 07-07-2018, 10:53 PM   #2
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I'm tempted, but I really have my sights on a 'vert, preferably something more reliable and not as maintenance-intensive like a Miata.

I'd rather pay a bit more for a newer Miata, even though it has significantly less power and a bit less fun-to-drive.

(At least, the chances of getting a speeding ticket is lesser, lol).
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2007 Harley-Davidson Sportster XL883 Low (Pearl White) - hers (SOLD 02/29/20)
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Old 07-08-2018, 12:40 AM   #3
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Appealing - yes, I agree. Could make a fun second car.

One thing - have you priced insurance for the M3? I was surprised when I heard my friend (with E46 M3) paid less to insure his GT2.

Seems now that these cars are 'cheap enough' for the yahoos and wankers to get, the loss rate on them is pretty good (according to my insurance agent).

From my end - I am not a fan of black (either on the outside or interior)... Other than that, would make a fun second/weekend car.
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Old 07-08-2018, 01:10 AM   #4
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If in good condition you should be able to flip it to make a bit of money.
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Old 07-08-2018, 08:42 AM   #5
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Quote:
Originally Posted by Jeff_DML View Post
If in good condition you should be able to flip it to make a bit of money.
That was my first thought, assuming it is well documented and in nice condition. Lower mileage M3s seem pretty sought after.
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Old 07-08-2018, 09:01 AM   #6
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Quote:
Originally Posted by Jeff_DML View Post
If in good condition you should be able to flip it to make a bit of money.
Quote:
Originally Posted by Josh (PA) View Post
That was my first thought, assuming it is well documented and in nice condition. Lower mileage M3s seem pretty sought after.
This, and this
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Old 07-10-2018, 02:19 AM   #7
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Quote:
Originally Posted by kognito View Post
This, and this
I wonder how much money can it bring in.

Reminds me of my uncle's car.
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2018 Can-Am Spyder RT Limited - hers
2007 Harley-Davidson Sportster XL883 Low (Pearl White) - hers (SOLD 02/29/20)
2011 Tao Tao 50 - whoevers bike is in the shop
2007 Reinell 186 FNS - the dog's
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Old 07-10-2018, 02:15 AM   #8
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Quote:
Originally Posted by Josh (PA) View Post
That was my first thought, assuming it is well documented and in nice condition. Lower mileage M3s seem pretty sought after.
The owner says he has a "personal mechanic" who works on it, but am not exactly sure if he has receipts/documentation to prove it has been carefully maintained.
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2002 BMW 325i - his
1994 Chevrolet Silverado K1500 Sportside Z71 - whoevers vehicle is in the shop
2009 Harley-Davidson Sportster XL883 Low (Vivid Black) - his
2018 Can-Am Spyder RT Limited - hers
2007 Harley-Davidson Sportster XL883 Low (Pearl White) - hers (SOLD 02/29/20)
2011 Tao Tao 50 - whoevers bike is in the shop
2007 Reinell 186 FNS - the dog's
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Old 07-10-2018, 02:13 AM   #9
3LOU5
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Quote:
Originally Posted by Jeff_DML View Post
If in good condition you should be able to flip it to make a bit of money.
I saw it last winter, when I was in FL. Judging from the outside, it looks to be in great shape.

Don't really know what the interior looks like though. I'm guessing it's in good shape as well.
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2016 Toyota Sienna SE - hers
2002 BMW 325i - his
1994 Chevrolet Silverado K1500 Sportside Z71 - whoevers vehicle is in the shop
2009 Harley-Davidson Sportster XL883 Low (Vivid Black) - his
2018 Can-Am Spyder RT Limited - hers
2007 Harley-Davidson Sportster XL883 Low (Pearl White) - hers (SOLD 02/29/20)
2011 Tao Tao 50 - whoevers bike is in the shop
2007 Reinell 186 FNS - the dog's
1995 Fleetwood Flair 27R - EVERYBODY'S !
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Old 07-10-2018, 02:11 AM   #10
3LOU5
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Quote:
Originally Posted by lip277 View Post
Appealing - yes, I agree. Could make a fun second car.

One thing - have you priced insurance for the M3? I was surprised when I heard my friend (with E46 M3) paid less to insure his GT2.

Seems now that these cars are 'cheap enough' for the yahoos and wankers to get, the loss rate on them is pretty good (according to my insurance agent).

From my end - I am not a fan of black (either on the outside or interior)... Other than that, would make a fun second/weekend car.
I didn't price the insurance, but am surprised that it costs MORE than a GT2.

I never had a black car, and it would be a pain in the ass to keep it nice and shiny, that's for sure.

*If* it was a 'vert, I'd be seriously, SERIOUSLY consider buying it.
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2016 Toyota Sienna SE - hers
2002 BMW 325i - his
1994 Chevrolet Silverado K1500 Sportside Z71 - whoevers vehicle is in the shop
2009 Harley-Davidson Sportster XL883 Low (Vivid Black) - his
2018 Can-Am Spyder RT Limited - hers
2007 Harley-Davidson Sportster XL883 Low (Pearl White) - hers (SOLD 02/29/20)
2011 Tao Tao 50 - whoevers bike is in the shop
2007 Reinell 186 FNS - the dog's
1995 Fleetwood Flair 27R - EVERYBODY'S !
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