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Thread: What's this M3 worth?

  1. #1
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    What's this M3 worth?

    https://indianapolis.craigslist.org/...789495696.html

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  2. #2
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    That asking price seems reasonable


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  3. #3
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    Why was it rebuilt?

    Do you want a track car or DD?

    I would offer 4K as is/without any explanation for the rebuilt title.
    98 M3 sedan

  4. #4
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    Quote Originally Posted by TheJordanWhitte View Post
    Why was it rebuilt?

    Do you want a track car or DD?

    I would offer 4K as is/without any explanation for the rebuilt title.
    It was hit by a lifted truck in the rear. Replaced trunk lid. Looking for a fun daily.

  5. #5
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    Why does every photo show the hood gaping?

    It’s a luxury package and salvaged. To me, it’s not worth it.

  6. #6
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    Quote Originally Posted by Monkeybutt2000 View Post
    It was hit by a lifted truck in the rear. Replaced trunk lid. Looking for a fun daily.
    It’s still pretty rough, if it was me I would look for something cleaner.
    98 M3 sedan

  7. #7
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    Quote Originally Posted by Braymond141 View Post
    Why does every photo show the hood gaping?
    The hood release is broken so he keeps the hood popped all the time. It runs, it's manual...someone will show up and pay $5K for it. Not a car I would trust to DD if it is for sale with a check engine light on who knows what ever gremlins are lurking,
    Last edited by realjones; 01-19-2019 at 07:49 PM.

  8. #8
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    What's this M3 worth?

    Quote Originally Posted by Braymond141 View Post
    Why does every photo show the hood gaping?

    It’s a luxury package and salvaged. To me, it’s not worth it.
    Lux package is not much of a reason to not buy an E36 M3 IMO.

    This car seems reasonably OK, look it over carefully though. Sometimes you can score a nice car with relatively little damage and save some $ because of the title status. Insurance companies aren’t paying much to fix these anymore.

    Keep in mind you won’t be able to sell it for much either as it will always have that title stigma. So, make sure you really want it, otherwise you’ll have a more difficult car to sell on your hands. Given all the E36’s out there, you’ll easily find other candidates.
    Last edited by bostonaudi; 01-20-2019 at 08:02 AM.
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  9. #9
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    This price is high for a rebuilt title. There have been two E36 M3's that have sold in this area recently for similar amounts. Neither of them had rebuilt titles.

  10. #10
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    i dont see alot available at this price range. if the car has been cared for i wldnt lose it over 1500 bucks. the title in my view is somewhat meaningless being 20 yrs old and approaching 200k miles.

    sure looks better than this:
    https://www.ebay.com/itm/1998-BMW-M3...8:pf:0&vxp=mtr

  11. #11
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    Seems pretty fair from what can be seen in the listing....but do not take the sellers words for "what it needs". What he says it needs vs what you say it needs can be completely different .I Just paid 8250 for a m3/4/5 with 187k that needed shifter bushings, a detail, and some headlights/taillights. I started tearing it apart because all the bushings are dry rotted/some tearing and I'm already in it another 3k. Of course many parts are getting upgraded during the process but I would not expect to buy that car and drive it for a few years without putting money into it if you want it to drive like an M3 should. Of course he may have records saying a bunch of stuff was replaced recently but if it were me I would have put that in the listing if that were the case.

  12. #12
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    Quote Originally Posted by Twright View Post
    This price is high for a rebuilt title. There have been two E36 M3's that have sold in this area recently for similar amounts. Neither of them had rebuilt titles.
    This is good to know,the search continues.

  13. #13
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    Quote Originally Posted by RickyN F355 View Post
    i dont see alot available at this price range. if the car has been cared for i wldnt lose it over 1500 bucks. the title in my view is somewhat meaningless being 20 yrs old and approaching 200k miles.

    sure looks better than this:
    https://www.ebay.com/itm/1998-BMW-M3...8:pf:0&vxp=mtr
    That guy is dreaming. Damn. That's what a $3500 E36 M3 looks like right there.

    Poor condition, automatic, and abused and hiding who knows what other problems.

    ...

    Since body work gets expensive so quickly, and is really hard to do well yourself, that's the one thing I won't compromise on. Everything else can be handled with some price adjustment.

    I'd offer $4000 for the original listing and go from there.

    Yes, I've almost had mine almost totaled a couple times, so I understand how a trunk lid could lead to a salvage title.

    If you're keeping it that's fine - it's a deal. If you'll want to sell it in a couple years - at over 200k at that point - it's going to be pretty hard to sell.

    -Josh: 1998 S54 E36 M3/4/6 with most of the easy stuff and most of the hard stuff. At least twice. 271k miles. 1994 E32 740il with nothing but some MPars. 93k miles.

  14. #14
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    Quote Originally Posted by Monkeybutt2000 View Post
    This is good to know,the search continues.
    I just relooked at that ad: The condition does look pretty good. It is probably better than the two that had recently sold. Have you looked at the car? If it looks and runs good, that price might be fair, even with a rebuilt title.

  15. #15
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    Based off the ad I wouldn't offer anything north of $4.5k. The car definitely needs some work but go do a thorough inspection. Wouldn't hurt to bring someone else who can provide technical input.

  16. #16
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    Quote Originally Posted by Twright View Post
    I just relooked at that ad: The condition does look pretty good. It is probably better than the two that had recently sold. Have you looked at the car? If it looks and runs good, that price might be fair, even with a rebuilt title.
    Haven't seen it in person yet. You know how our weathers been lately. I'm new to BMW's, but very mechnically inclined.

  17. #17
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    Quote Originally Posted by Monkeybutt2000 View Post
    It was hit by a lifted truck in the rear. Replaced trunk lid. Looking for a fun daily.
    Rust, make sure to inspect for any rust. The trunk is showing rust in the bottom corner near the driver side brake light.

    I don't mind salvage/rebuilt title cars if I know their history. My e36 came with a rebuilt title and the seller was happy to provide all the receipts from the bodywork that was needed and it was all aesthetic. In terms of value, I think most everyone's suggested range of ~$4,000 or less. Of course less is better to help open up the budget so you can refresh the car and clean it up.

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