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lyndonbuck
Really Senior Member I
Joined: 11-August-2003
Status: Offline
Points: 296
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Topic: £11k for an E30 M3? Posted: 07-December-2005 at 03:36 |
1989 2.3 cat car, cloth seats, alpina wheels, bit rough round the
edges 200k km, well loved but probably seen better days,
£11k? Am I having a laugh? No, just happened to count up all
the receipts from the last 4 years, for parts and labour, not
insurance, tax etc. I've done about 30k miles in that time, and
spent some money on a few major things, eg:
Milltek exhaust
radiator
starter motor
alternator & battery
2 sets of tyres
Bilstein shocks & springs
head gasket
sump gasket
gearbox seals
etc etc
and labour has averaged £45 an hour or there abouts. Pretty
scary, but then again I think its probably only lost about £2k
value in that time so it might not be that bad (what am I saying?)
Then again, I do still love it and really don't mind, just don't tell
the wife.
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Rags
Really Senior Member II
Joined: 02-March-2004
Location: United Kingdom
Status: Offline
Points: 943
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Posted: 07-December-2005 at 04:06 |
lyndonbuck wrote:
1989 2.3 cat car, cloth seats, alpina wheels, bit rough round the edges 200k km, well loved but probably seen better days, £11k? Am I having a laugh? No, just happened to count up all the receipts from the last 4 years, for parts and labour, not insurance, tax etc. I've done about 30k miles in that time, and spent some money on a few major things, eg:
Milltek exhaust radiator starter motor alternator & battery 2 sets of tyres Bilstein shocks & springs head gasket sump gasket gearbox seals etc etc
and labour has averaged £45 an hour or there abouts. Pretty scary, but then again I think its probably only lost about £2k value in that time so it might not be that bad (what am I saying?) Then again, I do still love it and really don't mind, just don't tell the wife. |
Sorry, I am not sure I understand your post?
Are you asking if its worth £11k as a resale value or are you asking whether we think you are mad in spending money that has resulted in the car owing you £11k all in?
I think its part and parcel of owning an iconic car. At the end of the day, you could have purchased a new car for 11grand 2 years ago and it will now be worth a fraction of that price.
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lyndonbuck
Really Senior Member I
Joined: 11-August-2003
Status: Offline
Points: 296
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Posted: 07-December-2005 at 04:25 |
Hello
Maybe I'm trying to be too clever.
I've spent £11k on parts and labour over the last 4 years, 30k
miles
I spent £7k on car 4 years ago
Its probably worth £5k now
I don't think I've done the wrong thing, but I have always fixed
what needs fixing, just wondered if this is typical. Your
argument about the new car is OK, but on top of this you have
additional insurance costs etc.
I don't need convincing but this would be worrying reading if I'd
just bought one.........
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215DMX
Really Senior Member II
Joined: 14-May-2003
Location: Croydon
Status: Offline
Points: 1780
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Posted: 07-December-2005 at 05:08 |
Thats the reason I do all my own labour... wouldn't
even want to think about costs if I had been paying
£45 an hour...
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Ade M3 90
Senior Member I
Joined: 01-September-2004
Location: Bolton, Lanc’s
Status: Offline
Points: 141
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Posted: 07-December-2005 at 05:19 |
Do the labour yourself and then you know it's done right
Thats now what i do.
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I use it everyday and love it!
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jon90
Really Senior Member II
Joined: 11-January-2003
Location: United Kingdom
Status: Offline
Points: 653
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Posted: 07-December-2005 at 05:42 |
I think mine stands me in about £18k over 4 years.That`s including £7k for the car.
Most of that money has been spent on mods though ie.
260 bhp 2.5 engine,H&R coil overs etc..etc...etc...etc..
Jon
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jpboost
Really Senior Member I
Joined: 24-June-2005
Location: London, GB
Status: Offline
Points: 292
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Posted: 07-December-2005 at 05:59 |
jon90 wrote:
I think mine stands me in about £18k over 4 years.That`s including £7k for the car. Most of that money has been spent on mods though ie. 260 bhp 2.5 engine,H&R coil overs etc..etc...etc...etc..
Jon |
but it does look good!
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jon90
Really Senior Member II
Joined: 11-January-2003
Location: United Kingdom
Status: Offline
Points: 653
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Posted: 07-December-2005 at 08:24 |
bloody should do for that money
Main thing,it goes very well
Jon
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SHEPSM3
Bavarian-Board Contributor
UK Sport Evolution.
Joined: 26-December-2004
Location: Bristol, UK.
Status: Offline
Points: 1934
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Posted: 07-December-2005 at 19:04 |
I'm not even going to go there with the SE...all I know is that I've got ALOT of reciepts with LARGE numbers at the bottom of them, and except for the bodywork, there is not a labour charge in sight, well not since I bought the car.
One thing is for sure, these E30 M3's are certainly rising in value now It wasn't that long ago you could get a half decent one for under £3K Try finding one (undamaged and half decent) for that money now. Sierra sapphire cossies used to fetch more, but not now. They would cost you alot more in maintenance. Not brake pads, etc. But headgaskets, turbo's, gearboxes, diffs, etc, etc.
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[IMG]http://i4.photobucket.com/albums/y135/ShepsM3/New-1a1.jpg">[IMG]http://i4.photobucket.com/albums/y135/ShepsM3/New-1b1.jpg">
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