Modern day classic?

[shim]

Been following prices for a while now and it seems to me that E46 M3 CSLs prices are rising.

The cars are now over 6 years old and from a new list price of £60k they are stil fetching £20k minimum up to £35k for low mileage versions and up to £50k for a nearly new car

Does anybody reckon we are seeing the birth of a real classic this early?

I wish i had one sitting in the garage, better than money in the bank

[matc]

I thought the prices had astarted to come down rather than up? I know the ultra low mileage ones will still be silly money, but a lot of these are used as daily drivers so they're gradually getting cheaper. You couldn't get a sensible (50/60k) mileage car last year for less than £27k, now they are available for around £22k. I can't see this getting any better as the cars age and the mileages increase.

I also think that when the warrantys' start to lapse, these cars become a lot less desirable as some of the warranty bills I've heard about have been pretty monstrous!

Having said all that, they're still pretty good value for money and won't lose a fortune, but I doubt they'll start rising in price any time soon.

[Yanto]

matc said:

I thought the prices had astarted to come down rather than up? I know the ultra low mileage ones will still be silly money, but a lot of these are used as daily drivers so they're gradually getting cheaper. You couldn't get a sensible (50/60k) mileage car last year for less than £27k, now they are available for around £22k. I can't see this getting any better as the cars age and the mileages increase.

I also think that when the warrantys' start to lapse, these cars become a lot less desirable as some of the warranty bills I've heard about have been pretty monstrous!

Having said all that, they're still pretty good value for money and won't lose a fortune, but I doubt they'll start rising in price any time soon.

Disagree with that mate - I bought a 47K car for £25K in the middle of 2009...there was choice...

[outnumbered]

As a totally disinterested & neutral party, I can confirm that the only way CSL prices are going is UP UP UP

[shim]

matc said:

I thought the prices had astarted to come down rather than up? I know the ultra low mileage ones will still be silly money, but a lot of these are used as daily drivers so they're gradually getting cheaper. You couldn't get a sensible (50/60k) mileage car last year for less than £27k, now they are available for around £22k. I can't see this getting any better as the cars age and the mileages increase.
.

i thought they may go down more than they did like E30 M3, but they def have pushed up a bit. My guess is they wont go below £20k for a <100k miler all things being honest about the car.

I have found that a good number of the CSLs have BMW warranties still as well, owners seem to be happy to fork out £800-1500 a year for it

I think one main factor is the base value and market for genuine CSL parts. I know of one car written off and stripped for parts and it fetched £16k in bits so hard to see how the whole car can be worth less.

[darreni]

Spot on Shim, check out CA's price list for OEM CSL parts:

http://www.ca-automotive.co.uk/items/OEMM3CSLPRICE...

I know that CA have never been cheap, but fk me, it would cost you £25k just to replace the carbon/interior bits!

[shim]

darreni said:

Spot on Shim, check out CA's price list for OEM CSL parts:

http://www.ca-automotive.co.uk/items/OEMM3CSLPRICE...

I know that CA have never been cheap, but fk me, it would cost you £25k just to replace the carbon/interior bits!

wow that is rediculous (but good to see if you owna CSL I guess)

add al that up and it costs you around £40k to have a pile full of bit (no engine, drivetrain or body) whereas you can buy the csl for half that amount and be able to drive it quicker

CSL prices are going up for sure. Im just going to clear the garage asap and beat you all to it!

[rstoughy]

Feckin hell how much for a front door trim!!!!
Going to have to look after mine a bit better.

[Sailorbaz]

I nearly bought a Z4M Roadster 4 1/2 years ago when I was looking for a replacement for my E36 M3. I'd been out in an CSL and never thought for a second I could afford one but once I clicked onto BMW's Website, I realised I could get one for a little less than the Z4M. Although it would have to be 2 years old (2006)

Now, the Z4 would be worth, what £18K? If that? I don't know actually. And my CSL is still worth £25K all day long. I've lost £10K in the same time I would have lost over £25K.

Anyway, I'm loving it and that fact that it's holding it's money well, is just a bonus.

[glendog74]

Sailorbaz said:

Now, the Z4 would be worth, what £18K? If that? I don't know actually. And my CSL is still worth £25K all day long. I've lost £10K in the same time I would have lost over £25K.

Anyway, I'm loving it and that fact that it's holding it's money well, is just a bonus.

Only coz you don't drive it Baz!

[Cheburator mk2]

Sailorbaz said:

I nearly bought a Z4M Roadster 4 1/2 years ago when I was looking for a replacement for my E36 M3. I'd been out in an CSL and never thought for a second I could afford one but once I clicked onto BMW's Website, I realised I could get one for a little less than the Z4M. Although it would have to be 2 years old (2006)

Now, the Z4 would be worth, what £18K? If that? I don't know actually. And my CSL is still worth £25K all day long. I've lost £10K in the same time I would have lost over £25K.

Anyway, I'm loving it and that fact that it's holding it's money well, is just a bonus.

Spot on...

When I bought my Z4MC in April 2007 I had a choice of buying a 2004 CSL for £1k less from BMW Aberdeen. The distance and the age - 3yrs vs. 6mths put me off... Financially it was a huge mistake. The CSL would have cost me maybe £5k in depreciation and £2k in BMW Extended Warranty. The Z4MC has gone from a £33k to a £17k at the same time, with a £1k in Extended Warranty.

On the other hand, people were taking pics of the Z4MC everywhere I went in Italy and the South of France, while I doubt a CSL would have generated the same interest. Horses for courses...

Now, someone needs to convince the wife that it will be a better replacement for a 540i Tourer and a Z4MC instead of an E61 M5. Wonder how much more an E61 M5 can lose over 3yrs... A LOT?

[Mermaid]

CSl - the most focused fun car to come out of BMW Motorsport since the E30 M3.

[Great Pretender]

shim said:

matc said:

I thought the prices had astarted to come down rather than up? I know the ultra low mileage ones will still be silly money, but a lot of these are used as daily drivers so they're gradually getting cheaper. You couldn't get a sensible (50/60k) mileage car last year for less than £27k, now they are available for around £22k. I can't see this getting any better as the cars age and the mileages increase.
.

i thought they may go down more than they did like E30 M3, but they def have pushed up a bit. My guess is they wont go below £20k for a <100k miler all things being honest about the car.

I have found that a good number of the CSLs have BMW warranties still as well, owners seem to be happy to fork out £800-1500 a year for it

I think one main factor is the base value and market for genuine CSL parts. I know of one car written off and stripped for parts and it fetched £16k in bits so hard to see how the whole car can be worth less.

It's all academic, because just about any car you care to mention will cost more in parts to 'build' than complete cars on the 2nd hand market.

I reckon values have a bit to drop yet.

[Porscheplayer]

Been watching prices for a while and I wouldn't stay prices have increased. There have been plenty of opportunities to buy cars under 50K miles for around the 25K or less
Many people advertise their cars at 27-28k, but these cars don't sell at that price or hang around for while
For really low mileage (5-20K) cars prices do seem to have increased.
I do agree that prices have stayed pretty stable while others have dropped more, which is impressive in todays market

[shim]

i see your point but nonetheless asking prices for CSLs have def not gone down/miles compared with M3 prices which are at an all time low point this winter.

CSL prices still seem to have a £20k bottom limit and still to see one advertised for less that is straight

[Great Pretender]

Great Pretender said:

shim said:

matc said:

I thought the prices had astarted to come down rather than up? I know the ultra low mileage ones will still be silly money, but a lot of these are used as daily drivers so they're gradually getting cheaper. You couldn't get a sensible (50/60k) mileage car last year for less than £27k, now they are available for around £22k. I can't see this getting any better as the cars age and the mileages increase.
.

i thought they may go down more than they did like E30 M3, but they def have pushed up a bit. My guess is they wont go below £20k for a <100k miler all things being honest about the car.

I have found that a good number of the CSLs have BMW warranties still as well, owners seem to be happy to fork out £800-1500 a year for it

I think one main factor is the base value and market for genuine CSL parts. I know of one car written off and stripped for parts and it fetched £16k in bits so hard to see how the whole car can be worth less.

It's all academic, because just about any car you care to mention will cost more in parts to 'build' than complete cars on the 2nd hand market.

I reckon values have a bit to drop yet.

I take it back; prices do indeed to be holding firm at the very least:

http://www.pistonheads.com/sales/2362905.htm

http://www.pistonheads.com/sales/2362905.htm

[6C4GTS]

Great Pretender said:

I take it back; prices do indeed to be holding firm at the very least:

http://www.pistonheads.com/sales/2362905.htm

http://www.pistonheads.com/sales/2362905.htm

Is it normal to need to replace the steering wheel after 56K miles? I thought the CSL interiors aged pretty well?

[johnnywb]

The alcantara does wear, but can be retrimmed for a few hundred £££.

[Mermaid]

johnnywb said:

The alcantara does wear, but can be retrimmed for a few hundred £££.

I'd replace with a leather steering wheel if you are going to use the car on a frequent basis, or else retrim and wear gloves afterwards.

[shim]

Dirty bare hands do make it deteriorate quicker for sure.

You can clean them with diluted and debobble them with sandpaper (gently)