08-18-2018, 09:48 PM | #1 |
Western Anomaly
Join Date: Oct 2003
Carmudgeonly Ride: White Orca
Posts: 16,641
|
The E39 M5 market.
https://www.bloomberg.com/news/artic...-over-16-years
I love this trend. Who cares if it’s irrational.
__________________
|
08-19-2018, 09:15 AM | #2 |
I like BMWs
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,795
|
These continue to be pretty strong. E46 M3 coupes with manual are also hot, even more so for Comp package. High mileage or rough cars can be cheaper but the clean, low mileage ones without stories are $$$$$. It’s not just EAG anymore either - these are on BAT every week it seems and are doing well.
__________________
2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather |
08-19-2018, 09:18 AM | #3 |
Old Fart
Join Date: Oct 2005
Carmudgeonly Ride: T4R,GTI
Location: San Diego
Posts: 8,576
|
It was stored the next town over from me. Interesting to see the final selling price.
|
08-19-2018, 09:28 AM | #4 | |
I like BMWs
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,795
|
The E39 M5 market.
Quote:
It will be something over $100k. EAG has a few ~10k mile range examples retailing in the $90-100k range. Take out their margin, add the “new car mileage” premium, add the competitive nature of an auction like that and the egos in the room... Honestly wouldn’t be surprised to see it for sale at EAG in a few weeks.
__________________
2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather |
|
08-19-2018, 09:37 AM | #5 |
195
Join Date: Oct 2003
Posts: 24,631
|
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.
|
08-19-2018, 09:37 AM | #6 |
I like BMWs
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,795
|
The value on these really does seem to follow an exponential curve w/ mileage.
Based just on EAG inventory: 50-60k mile range: ~$40k 20k range: ~$60k 10k range: ~$90k <1k..... ??
__________________
2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather |
08-19-2018, 09:43 AM | #7 | |
Western Anomaly
Join Date: Oct 2003
Carmudgeonly Ride: White Orca
Posts: 16,641
|
Quote:
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.
__________________
|
|
08-19-2018, 10:51 AM | #8 | ||
I like BMWs
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,795
|
The E39 M5 market.
Quote:
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:
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.
__________________
2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather |
||
08-19-2018, 01:13 PM | #9 |
Alphanumeric
Join Date: Aug 2005
Carmudgeonly Ride: 981S, 340i
Posts: 9,587
|
I inspected a car in early 2013. The owner, had only done one oil change at 1500mi and another at 14k miles, 8 years later ("because his car didn't remind him"). The car ended up EAG...
|
08-19-2018, 03:20 PM | #10 |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,338
|
|
Bookmarks |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
My S4 on the market. | equ | Car Talk | 12 | 05-12-2016 11:59 AM |
Anybody in the market for an.... | lip277 | Car Talk | 7 | 01-13-2004 05:55 PM |