Hagerty lastest Values
#31
Instructor
Join Date: Feb 2016
Location: Orange County, CA
Posts: 106
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Bought an 18,000 mile E46 Phoenix Yellow M3 in December. Kind of a two-fold angle. My portfolio wasn't doing squat b/c of the economy is awful, so I put it into iron on the supposition that these cars have bottomed and paying for the nicest most desirable one might also pay dividends down the road. I dont plan to sell it, but I prefer buying at the bottom and seeing my assets appreciate. I still think the E46 is about 3-5 more years away from generating some inertia, but I always wanted one of these cars and felt the time was right at this moment.
I look back at buying the 930 in 2003 and didnt buy it as an investment either. But I felt it had *something* going for it that would be long-term advantageous. Maybe a hunch. But, I had always wanted one, saved up, and again, felt the prices had bottomed and wanted to get in at the right time. I hate overpaying for anything -- even Tic Tacs.
I've mentioned two cases where I think I've timed it well. Let's not discuss the other cases when I didn't -- including the time in 2010 when I refused to basically do an even-swap for my 65,000 mile '86 944 Turbo with a '89 E30 M3 with the same miles. At the time, why would anyone swap cars for a much slower one. I'm kicking myself to the tune of about $30,000 in appreciation now. Ugh!
I look back at buying the 930 in 2003 and didnt buy it as an investment either. But I felt it had *something* going for it that would be long-term advantageous. Maybe a hunch. But, I had always wanted one, saved up, and again, felt the prices had bottomed and wanted to get in at the right time. I hate overpaying for anything -- even Tic Tacs.
I've mentioned two cases where I think I've timed it well. Let's not discuss the other cases when I didn't -- including the time in 2010 when I refused to basically do an even-swap for my 65,000 mile '86 944 Turbo with a '89 E30 M3 with the same miles. At the time, why would anyone swap cars for a much slower one. I'm kicking myself to the tune of about $30,000 in appreciation now. Ugh!