03 m3 smg 77k recon title price

Kelly blue book the price, lets say its supposed to sell for like 18k just take off 50% of the value, that's 9k!!!!
id pay 9,000 for a rebuilt title m3. (Most likely I'd track it)

Really? You offered $2000 for an M3? I don't care if the back half of the car was torn completely off, that's just absurd. I'd laugh at you.

The fact is, the motor is worth $4k. Transmission with accessories, $2k. Wheels/Tires, $1k. That's $7k and you still have 90% of a car left.

Originally Posted by Forcfed93

Really? You offered $2000 for an M3? I don't care if the back half of the car was torn completely off, that's just absurd. I'd laugh at you.

The fact is, the motor is worth $4k. Transmission with accessories, $2k. Wheels/Tires, $1k. That's $7k and you still have 90% of a car left.

+1

You'd be crazy NOT to but it for 2k or even 4k. The motor alone cost that much. If he accepts your offer and you decide not to buy, PM me. I'll take it. Seriously.

While I wouldn't touch a salvage titled car with a 10 foot pole, if you are going to buy one there are several things you need to do:

1. Have an expert look at the car thoroughly so that he can tell you how extensive (and what type) the damage is or was, and how well what has been repaired was repaired.

2. Be certain that the car isn't a flood salvage, as you will forever be chasing down electrical gremlins and rust.

3. Understand that insurance may be difficult to secure (at least full coverage), and that financing will be impossible. This may not mean much now, especially if you can pay cash, but it will affect you when the time comes to sell.

4. Understand that the decrease in value will be forever. Even proper repair will never restore the value of the car, especially given the fact that there are a slew of clean-titled M3's on the market at any given time.

Originally Posted by bwallace530

... Don't have a ton of info on the car but I can get more.

Guy wants to sell quick so I was offering something pretty low but a recon title scares me. With no other previous owner info on the car?

You got to ask yourself....why is this guy going for the quick sale to get rid of this ///M? What hidden problems may be there???

Originally Posted by bwallace530

So if I bought it just for a flip I could get an easy 10k out of the car the way it sits?

Very doubtful.... it depends on the overall condition of the car and if you can find a suitable buyer for it at that price...

Originally Posted by turbo_f22_pilot

Check your state's regulations on reselling vehicles with recon titles. Also remember, "if it's too good to be true, it usually isn't." The car might have other issues.

If you can get it for a great price and flip it, good. If you're mechanically inclined and keep it good. If you can't perform general maintenance, keep walking . . .

food for thought

Originally Posted by DSilk56

While I wouldn't touch a salvage titled car with a 10 foot pole, if you are going to buy one there are several things you need to do:

1. Have an expert look at the car thoroughly so that he can tell you how extensive (and what type) the damage is or was, and how well what has been repaired was repaired.

2. Be certain that the car isn't a flood salvage, as you will forever be chasing down electrical gremlins and rust.

3. Understand that insurance may be difficult to secure (at least full coverage), and that financing will be impossible. This may not mean much now, especially if you can pay cash, but it will affect you when the time comes to sell.

4. Understand that the decrease in value will be forever. Even proper repair will never restore the value of the car, especially given the fact that there are a slew of clean-titled M3's on the market at any given time.

^
+1

I agree with everything everyone has said and I thank you for your in put.

A guy in Portland on this forum has seen it. He told me it looks pretty clean runs well. Nothing special about the m3 besides that fact it's a m3.

I'm not sure what's going on with the car yet.

I am going to have a ppi done.

The reason I offered that is because I just spent 10k on upgrades to my cummins. I have 2k that's it right now.

He asked me if I was interested and I said all I have is 2k. So that's how it got to that price range.

I told him if he's really looking for a quick sale then that's what I have.

I looked at prices around here and most see from 14-25k so that's how I came up with selling it quick for anything below that price range even with a salvage title on it.

Like most people said it a BMW m3 most people don't care if its a salvage they just would like a m3.

Well if anyone is interested in a cheap possibly track or project car pm me.

Well four different people pm ing me that's good

But you don't have the car yet do you? If you previously owned your own shop, I would think you'd be more well versed in checking condition and seeing exactly how the car was put back together. You're not buying it to use, you're going to flip it. so why are you so worried?

Originally Posted by dragoncoach

But you don't have the car yet do you? If you previously owned your own shop, I would think you'd be more well versed in checking condition and seeing exactly how the car was put back together. You're not buying it to use, you're going to flip it. so why are you so worried?

I never was worried just was wondering how good of a deal this was from you fellow m3 owners.

I understand of it makes you sick that ones going for so cheap sense you probably paid a ton for yours. But I'm probably going to sell if all works out to a fanatic on here looking for a track car.

Originally Posted by bwallace530

I never was worried just was wondering how good of a deal this was from you fellow m3 owners.

I understand of it makes you sick that ones going for so cheap sense you probably paid a ton for yours. But I'm probably going to sell if all works out to a fanatic on here looking for a track car.

Doesn't make me sick... So you think $2k-$4k is overpaying for a salvaged M3? Why? Have you checked the market value of similar cars? If you do indeed pick it up that cheap, let's hope you can flip it for what you want to get without having to put a lot of money into it.

You are not getting that car for $2k so it is a moot point.

Well I would be thinking the same thing but I was expecting to get laughed at when I offered that but the guy just said let me see what a dealer will pay me first which I should find out today.

+1,000,000

Originally Posted by showtime_m3

you are not getting that car for $2k so it is a moot point.