Buying a 10+ year old car what could go wrong?

[Timberridge]

High end exotic cars have quite a bit of private equity money chasing them for the last few years as an alternative investment. All that money has causes the whole "collector car" market to go bat shit crazy. I have a feeling that this shit will implode with a bunch of 65 year old former head bangers' retirements with 80's era cars under water.

I agree. Buying a repainted E30 M3 w/75K for $60K certainly requires a belief in a greater fool. Too many TV shows where guys are playing this game.

[The Suit]

https://www.mecum.com/lots/CA0816-24...90-bmw-m3-e30/

I was wasting time browsing thru some of those auction links and came across this. I sold mine for $19K back in 1998. If this sells for $60-80K I'll puke. It was an ok car but I wouldn't pay the estimate.

Not a good snow car.

[Sirshredalot]

High end exotic cars have quite a bit of private equity money chasing them for the last few years as an alternative investment. All that money has causes the whole "collector car" market to go bat shit crazy. I have a feeling that this shit will implode with a bunch of 65 year old former head bangers' retirements with 80's era cars under water.

I would be shocked if there is money from reputable private equity firms chasing metal as an "investment" these days.

I think there is a substantial amount of dumb money from individuals, though. Certainly plenty of folks looking for a greater fool rather than something that makes sense to drive. Some of the posts in this thread are evidence enough of that.

[BmillsSkier]

Good fucking grief. The car market has gone nuts. I guess the gov't ZIRP policy is working.
https://www.mecum.com/lots/CA0816-24...90-bmw-m3-e30/

I was wasting time browsing thru some of those auction links and came across this. I sold mine for $19K back in 1998. If this sells for $60-80K I'll puke. It was an ok car but I wouldn't pay the estimate.

I saw a late 80's T/A with t-tops and a thunderchicken on the hood rack up a 75K bid on Mecum and I recall thinking when riding in a friend of mine's back in college what a piece of crap it was. It still has to be.

Cool M3. Shame we all don't hang onto the cars of our youth.

I think you're underestimating the Trans-Am. It came with a 6 pack of Coors cans and this guy was featured in an instructional video for the car.

[stfu&gbtw]

I'm going to hang onto my golf r until Gen Z turns 50 and somebody buys it off me for $750,000.

[muted]

Good fucking grief. The car market has gone nuts. I guess the gov't ZIRP policy is working.
https://www.mecum.com/lots/CA0816-24...90-bmw-m3-e30/

I was wasting time browsing thru some of those auction links and came across this. I sold mine for $19K back in 1998.

Must have been a sad day. Probably had to give up your hair gel, peroxide, and white sunglasses too.

[4matic]

The E90 M3 has a decent chance of being worth something. They already hold value pretty well.

[Jong Lafitte]

Cool M3. Shame we all don't hang onto the cars of our youth.

I think you're underestimating the Trans-Am. It came with a 6 pack of Coors cans and this guy was featured in an instructional video for the car.

It can also be turned into a nice 4x4. Every time I see that lifted yellow 4x4 Camaro by Georgetown I note to whomever I'm with about how that is the coolest car ever. Ever. Seen the dude driving it around town once and it sounds pretty nice.

[Bobby Stainless]

I would be shocked if there is money from reputable private equity firms chasing metal as an "investment" these days.

I think there is a substantial amount of dumb money from individuals, though. Certainly plenty of folks looking for a greater fool rather than something that makes sense to drive. Some of the posts in this thread are evidence enough of that.

[Bobby Stainless]

Good fucking grief. The car market has gone nuts. I guess the gov't ZIRP policy is working.
https://www.mecum.com/lots/CA0816-24...90-bmw-m3-e30/

I was wasting time browsing thru some of those auction links and came across this. I sold mine for $19K back in 1998. If this sells for $60-80K I'll puke. It was an ok car but I wouldn't pay the estimate.

That would've also meant keeping the car perfect for another 2 decades. In order to make an extra 40k, or 2k per year.

The market has already corrected itself over the last few months. Great time to buy a 458 Speciale, if you want to make 400k over the next 5 years.

[Timberridge]

Here's one for 150K...and one for 200K...that sold...the market has not corrected. Fools abound.

http://enthusiastauto.com/qsearch/?i...orm_display=51

[Bobby Stainless]

There might be enough of a cult following for that car to keep it high. I don't think that car is very special.

As for high end shit, the market has indeed corrected.

Whoever bought a 993 9-12 months ago is kicking themselves.

[Sirshredalot]

Fucking trust fund retards like you out of their daddy's money is how I pay the bills, chief. Listen when I talk cause I'm balls deep in your trust fund right now and I'm not pulling out.

[Bobby Stainless]

Fucking trust fund retards like you out of their daddy's money is how I pay the bills, chief. Listen when I talk cause I'm balls deep in your trust fund right now and I'm not pulling out.

English is hard.

[Sirshredalot]

English is hard.

Keep practicing and you'll figure it out some day.

[Bobby Stainless]

Already inebriated and pounding on the keyboard at the internet people you don't like.

In a thread you know shit about. Congratulations loser.

[delco714]

I have a feeling my boxster will have excellent resale second to the new model with 4 cylinder turbo instead of flat 6..

[Sirshredalot]

Already inebriated and pounding on the keyboard at the internet people you don't like.

In a thread you know shit about. Congratulations loser.

Oh? Explain to me how inebriated I am and how uninformed I am about valuing cars? I'm interested to hear your take on that.

Delco - congrats on the whip. I've really enjoyed the boxsters that I've driven.

[stfu&gbtw]

I have a feeling my boxster will have excellent resale second to the new model with 4 cylinder turbo instead of flat 6..

Doesn't seem like that has proven to be true for the Audis... VW AG is making some pretty outstanding FI engines. Driving the 2.0T in the R and the 4.2 V8 in the S5 back to back, in that application the 2.0T is the more dynamic, more flexible, not to mention far more efficient (x2?) motor. I don't see any market preference for the 4.2 S5 vs the 3.0T S5.

Maybe BD can confirm or deny that perception is a. valid, and b. that this is common among cars converting to FI, and not unique to the S5 platform.

[delco714]

Doesn't seem like that has proven to be true for the Audis... VW AG is making some pretty outstanding FI engines. Driving the 2.0T in the R and the 4.2 V8 in the S5 back to back, in that application the 2.0T is the more dynamic, more flexible, not to mention far more efficient (x2?) motor. I don't see any market preference for the 4.2 S5 vs the 3.0T S5.

Maybe BD can confirm or deny that perception is a. valid, and b. that this is common among cars converting to FI, and not unique to the S5 platform.

I'm not saying the technology and outcome isn't good..but it's just not the same according to the reviews

[stfu&gbtw]

I'm not saying the technology and or come isn't good..but it's just not the same according to the reviews

It's not the same... but as someone who's never really enjoyed driving an FI car in anything but a straight line, I was astounded when I preferred the 2.0T to the 4.2.

Now, the 4.2T in the S6? That might be a little nuts.

[Bobby Stainless]

I have a feeling my boxster will have excellent resale second to the new model with 4 cylinder turbo instead of flat 6..

It won't depreciate much, but that is more from the 2nd hand nature of the car, and you not taking the new car hit. A brand new iteration of the car, also helped your purchase price.

The NA part won't really play into it IMO. Not on a Boxster. The Spyder is the only Boxster that will stay even or appreciate.

[delco714]

Oh? Explain to me how inebriated I am and how uninformed I am about valuing cars? I'm interested to hear your take on that.

Delco - congrats on the whip. I've really enjoyed the boxsters that I've driven.

Thank you. It's a fantastic machine

[1080Rider]

Good fucking grief. The car market has gone nuts. I guess the gov't ZIRP policy is working.
https://www.mecum.com/lots/CA0816-24...90-bmw-m3-e30/

I was wasting time browsing thru some of those auction links and came across this. I sold mine for $19K back in 1998. If this sells for $60-80K I'll puke. It was an ok car but I wouldn't pay the estimate.

I was thinking about this again, as with many of these early cars, todays cars will destroy them for equal or less $$$. As beautiful as the old ferrari's are, i suspect cars of today will handle them easily on a track for a fraction of the $$$. Just kinda funny that people will pay $80K for an older car that is handled by a new mustang for $40K.

[stfu&gbtw]

I was thinking about this again, as with many of these early cars, todays cars will destroy them for equal or less $$$. As beautiful as the old ferrari's are, i suspect cars of today will handle them easily on a track for a fraction of the $$$. Just kinda funny that people will pay $80K for an older car that is handled by a new mustang for $40K.

My desire for a 964 has nothing to do with how fast it is or how many G's it pulls on the skid pad. But as unique the feel of that car may be, it also doesn't justify a $50k price tag for a 90k car still waiting on a rebuild.