M3 (2007-2014) Used Car Review

[Express]

Originally Posted by Loud_Noises

Awesome little car, but stupid expensive to maintain, even when sourcing parts from Europe or the US. There is a mint 2008 E92 M3 manual with 45,000km on it for $44k close to work, so tempting but such a bad idea as a medium to long term proposition.

I did a search on Carsales for the E92 Coupe and 83 came up.

The cheapest I saw was a 2007 E92 6 speed manual with 124,000km for $51,500 excluding government charges and on road costs.

So the one you saw was a steal, I would’ve almost gone for it myself if I’d seen it but then I’m not concerned about the terrifying service and maintenance costs.

My brother-in-law has one in his garage, he rarely drives it as he’s moved on to something else.

His philosophy is he’s already done a far bit of cash due to depreciation so he may as well keep it for his boys.

He doesn’t think there will be any more V8’s therefore there’s the chance it may one day become collectable.

If it doesn’t not to worry, his boys will still have a classic to do as they please with.

He's always said if you are going to collect cars don’t restrict yourself to the local produced varieties as they have a limited market.

The real money is in collectables that draw overseas interest.

When I said there are way too many of them sold worldwide to ever be worth much, he answered he hopes that’s what everyone thinks and they’ll eventually become cheap and fall into the hands of people who won’t respect or look after them until they are trashed and destroyed.

Meanwhile his will sit in his shed and get taken out once in a while and maybe one day he’ll be proven right.

He may end up being right so grabbing a good one at a cheap second hand price could end up being a smart move.