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      04-07-2016, 10:29 AM   #23
Takumi587
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Good, I still have my E46 M3. Any potential way to raise the value is greatly appreciated.
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      04-07-2016, 10:38 AM   #24
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I bought my E30 M3 from Eric and his crew. Stellar guys.
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      04-07-2016, 10:39 AM   #25
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Dawm I was looking at Z3Ms at EAG about a year ago...they really jacked up the prices

I love old Ms but for those prices I'll take a new M3 thank you
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      04-07-2016, 10:48 AM   #26
BuzzE46
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100,00 for an M3? I have an e46 M3 2006 SMG with 54,2xx miles. ill sell that for a good price if anyone wants lol. seriously
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      04-07-2016, 10:53 AM   #27
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Originally Posted by Takumi587 View Post
Good, I still have my E46 M3. Any potential way to raise the value is greatly appreciated.
don't fuck it up
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      04-07-2016, 11:04 AM   #28
chris719
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Seriously, fuck these guys.
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      04-07-2016, 11:16 AM   #29
InspireSiR
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Why are a lot of people hating on these guys?

They can put any price they want on these cars. That's all it is: An invitation to make an offer.

Lastly, something is only worth what someone is willing to pay for it. And as a previous poster said before, there will always be someone who wants these cars in this condition and will pay for it.
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      04-07-2016, 11:20 AM   #30
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Someone will definitely buy these two since so many enthusiasts have such a love affair with this generation ///M cars... or some random BMW museum will buy them and put them up to live out the rest of their car lives on display for all to see.
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      04-07-2016, 11:25 AM   #31
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This kind of ad just makes EAG look bad IMO.
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      04-07-2016, 11:30 AM   #32
Payton3485
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And here I thought my 2002 E46 M3 Convertible had low mileage with 44K. Ha ha ha.
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      04-07-2016, 12:15 PM   #33
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So the formula is, buy a low volume car and sit on it for a decade and then sell it for double? I would rather invest money in the stock market.
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      04-07-2016, 12:25 PM   #34
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Quote:
Originally Posted by 335ddd View Post
not a fan of their tactics. A Bmw dealer put an ad (not even pics posted yet) for a nice E91 recently. I contacted them within a day, left vm and an email and guess what it was gone (i followed up next day again with a sales person) . 20-21k it was a remember. guess what few weeks later 30k+ on EAG. how is enthusiast suppose to even compete or get a car thats not OVERPRICED. I mean bmw dealer had it for that price. I am sure things were checked out. but hey low volume means jack up the price for enthusiast.
So a used car dealer found and purchased a good deal before you did, then is planning on reselling it for more than they paid for it. I don't see the problem or what they should do differently.

Same thing happened to me, I found a Z4M, by the time I contacted the seller EAG had already purchased it. I saw it there a few weeks later, they had fixed a big scratch in the bumper, put the standard exhaust on it and refinished the wheels. I never thought about being upset. There are a bunch of us trying to find the best cars for the best price and the fastest one with the cash gets it.
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      04-07-2016, 12:42 PM   #35
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Wow, these are two dreamy cars, if I have the extra money, I will buy my ticket to Ohio today!
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      04-07-2016, 12:48 PM   #36
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Haha after reading the title I already knew which dealer it was...they have a lot of cool stuff, but you have to be a serious "enthusiast" to be able to afford it.
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      04-07-2016, 01:05 PM   #37
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Enthusiast Auto has built an amazing niche off finding every clean niche BMW car, scooping it up at low or reasonable prices, making sure it's completely ready to roll for a modest investment, and then marking it up substantially with their name behind it. I almost bought a super clean e39 m5 off them a few years ago and Kind of wished I had - the one I wound up buying for ~$6k less wound up being alot rougher around the edges than I would have liked.

But putting all that aside, this is a different order of magnitude of what they are offering and you ALWAYS ask as high as possible to start on these types of cars. How many e39s and e46s are there with this mileage and condition in the U.S.? Maybe 1-2 a year come on the market.

They are simply pricing accordingly. To put this into context, Porsche 993 twin turbos well used are now going for these prices....and "brand new" ones in similar shape are going for >$200k and being snapped up.

This is not the enthusiast market anymore - this is the rich-people-who-like-automotive-art-market. Adjust your expectations accordingly.
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      04-07-2016, 01:05 PM   #38
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I almost bought a car from them. I thought they were asking about $2k-$3k more than it was worth but the main problem is I didn't want to buy and switch out the interior trim (had wood grain). Otherwise, buying from across town compared to flying to Boston and buying the one I found, then driving back. Add in the time and money invested it would have been worth paying a more to not deal with it.

Also, everything on their site is an asking price.
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      04-07-2016, 01:20 PM   #39
Vallyshy
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Ehhh, a little over pricey... probably would've considered it at 149K & 99K
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      04-07-2016, 01:24 PM   #40
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I'll buy both... but only if they let me test drive them. No test drive, no sale!
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      04-07-2016, 01:28 PM   #41
Vallyshy
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Quote:
Originally Posted by goj
This is really cool but I would find it more fun an rewarding to buy a car in decent shape and do a restoration project. Especially if you have the disposable income to pay these prices.
Agreed, but rich dicks that can afford these cars would rather yell "shut up and take my money!!!" Lol
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      04-07-2016, 01:49 PM   #42
goj
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Quote:
Originally Posted by Vallyshy
Quote:
Originally Posted by goj
This is really cool but I would find it more fun an rewarding to buy a car in decent shape and do a restoration project. Especially if you have the disposable income to pay these prices.
Agreed, but rich dicks that can afford these cars would rather yell "shut up and take my money!!!" Lol
Fact.

Also fact, you're making me hungry with that picture of an in n out burger.
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      04-07-2016, 03:15 PM   #43
Roundown
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Quote:
Originally Posted by Taran.J
Hey I respect the hustle. If you sat on these cars instead of driving them then yes you deserve 2nd owner collector rates
Agree- not sure there's a terribly large REAL economic profit in these.

Ignoring storage and maintenance costs and assuming an MSRP of $49,000 + 8% in sales tax, selling this for $100,000 (~14 years later, assumes 2012 delivery) generates a ~4.5% annual return (which is a gross underperformance compared with a clean E30 M3).

Assuming you were willing to wait and could compound your $49,000+tax at 5% (post-tax), you could own this M3 and have $5,000 left over to spend on tires, gas and, err.. subframe reinforcement work.

Were you savvy enough to compound at 10% (post-tax), you could own both (i.e. ... Your $49,000+tax would now be ~$200,000).

In other words, this is being offered below what it would likely cost any of us to replicate (buy, store, etc.) at a rational rate of return. Add in the collector value (or whatever the marginal utility of a BMW is over MSRP)- and I sort of think these are OK prices.
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      04-07-2016, 03:43 PM   #44
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Take off a zero lol
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