Quote:
Originally Posted by Peertwelve
That seems really overpriced. That's M3 money isn't it?
I take that back. Things are getting so expensive! From the Hagerty Valuation tool
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I think the Hagerty Valuation Tool mostly looks at cars transacting at public auctions, which tend to be lower mileage and presented very well. Also you're looking at the penultimate year of the E46 M3 and ZCP only. An early M3 without Competition package, especially SMG, is less valuable than that.
I'd wager that generally most E46 M3s on the road (and for sale) aren't worth nearly that much. The vast majority of them are only in "Fair" condition or "Good" at best. By Hagerty's standards a car that is "Excellent" (let alone "Concours") quality is mint both visually and mechanically and could win a car show.
There are several listings for E46 M3 coupes with minimal mods, big 3 done (vanos, rod bearings, subframe), and around 100k miles in my area for about $25k and none of them are selling quickly. Those aren't $15k cars like they were a few years ago but the market is still soft on "driver" quality cars.