Anyone know this London car?

[Bund]

http://www.pistonheads.com/sales/349231.htm

Does anyone know anything about this cars history?

The car has had 3 previous owners, how many is to many for a car that will be 5 years old this year?

thanks

Edited by Bund on Friday 29th February 11:54

[robm3]

Good news is that it's not one of the BMW press cars (these were not optioned up).
3 to 4 owners is the usual for CSL's.

Offer 30K as prices have softened and black ones go slower (or is that faster, I can never remember).

[cpufreak]

faster.

Black's best.

[AdamT]

robm3 said:

Good news is that it's not one of the BMW press cars (these were not optioned up).
3 to 4 owners is the usual for CSL's.

Offer 30K as prices have softened and black ones go slower (or is that faster, I can never remember).

Rob,

Thats interesting you think the market has softened.

Do you think thats due to the time of year, or that the previous strong values are just beginning to weaken due to age?

thanks
adam

[robm3]

AdamT said:

robm3 said:

Good news is that it's not one of the BMW press cars (these were not optioned up).
3 to 4 owners is the usual for CSL's.

Offer 30K as prices have softened and black ones go slower (or is that faster, I can never remember).

Rob,

Thats interesting you think the market has softened.

Do you think thats due to the time of year, or that the previous strong values are just beginning to weaken due to age?

thanks
adam

It's age as most cars are now edging up in miles and dropping out of BMW warranty. If you think back about six months a car under 30K was a rarity but now they are more frequent.

Personally I think the E46 CSL market will bottom out in the teens within 4 years, languish there for a few years then start to gradually rise, probably over a 15 year period.
I also suspect that while the 'Fully Loaded' cars command a premuim now, this will reverse in that period with collectors looking for the minimal spec cars due to being 'purer'.

This price softening is not anything specific to the CSL just the general trend of modern potential collectors cars, same thing will be happening to something such as a 996GT3 albeit at a higher level.

[AdamT]

Thanks, interesting