£11k for an E30 M3?
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Forum Name: BMW ///M Power
Forum Discription: Ask your BMW M Power Technical Questions here (M1, M2 hybrids, M3, M5 & M6)
URL: http://www.bavarian-board.co.uk/forum_posts.asp?TID=24895
Printed Date: 09-June-2024 at 12:41
Topic: £11k for an E30 M3?
Posted By: lyndonbuck
Subject: £11k for an E30 M3?
Date Posted: 07-December-2005 at 03:36
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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. |
Replies:
Posted By: Rags
Date Posted: 07-December-2005 at 04:06
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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 wrote:
Posted By: lyndonbuck
Date Posted: 07-December-2005 at 04:25
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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......... |
Posted By: 215DMX
Date Posted: 07-December-2005 at 05:08
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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... |
Posted By: Ade M3 90
Date Posted: 07-December-2005 at 05:19
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Do the labour yourself and then you know it's done right Thats now what i do. ------------- I use it everyday and love it! |
Posted By: jon90
Date 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 |
Posted By: jpboost
Date Posted: 07-December-2005 at 05:59
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but it does look good! |
Posted By: jon90
Date Posted: 07-December-2005 at 08:24
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bloody should do for that money
Main thing,it goes very well 
Jon |
Posted By: SHEPSM3
Date Posted: 07-December-2005 at 19:04
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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 ------------- [IMG]http://i4.photobucket.com/albums/y135/ShepsM3/New-1a1.jpg">[IMG]http://i4.photobucket.com/albums/y135/ShepsM3/New-1b1.jpg"> |
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.