A 30-year old car worth that much? Well, prices for the BMW E30 M3 have gone through the roof lately and there’s no sign of slowing down anytime soon. The thing is, prices are too high right now to view this as a profitable investment down the line. The risk is higher and not all models are worth the investment.
When investing in an old, classic car, there are a few things you need to remember. First of all, collectors that might buy it from you later on, are interested in mint models, with little to no modifications done to them and as fewer miles on the clock as possible. That certainly doesn’t seem to be the case here. This 1989 M3 listed on Bring-a-Trailer, has plenty of mods on it. Ground Control coilovers along with brakes from StopTech are only a few to mention.
The car also has E36 front control arms, camber and toe adjusters, new rear shock tower mounts, suspension bushings, wheel bearings, and brake lines, as well as a set of black OZ Ultraleggera 17-inch wheels shod in 235/40 Dunlop Direzza ZIII tires. While the wheels can be easily changed, the rest might take a bit more hassle. Another set of upgrades went into the engine, with new pistons, new intake, new exhaust and so on. The list is quite long but that shows the owner really liked to drive his car.
This car has 150,000 miles on and the bidding is around the $36,000 mark. If you really want an E30 M3, you should get it, because it’s rather cheap, but know that you won’t necessarily sell it at a huge profit. Just buy it if you want to have fun actually driving it.