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Old 01-14-2020, 07:39 PM   #21
Cooolone
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Rebuilt! That's why... I wouldn't either, just saying.

Also, 10 pics basically showing nothing but ascetics. Take more of engine bay, trunk, underside, suspension, etc., as a suggestion.
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Old 01-15-2020, 09:35 AM   #22
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I'm in the market for an M3 but mainly looking for a rough cosmetic car with solid mechanicals for an S54 swap into my wagon. I check CL daily and did notice your car (I'm up in WI) but its too nice and too expensive for someone like me to buy as a swap donor.

There are a lot of E46 M3's on autotrader and CL for sale right now and most have been sitting for a while... so I don't think you're alone. Winter is a tough time to sell a car in general, especially in the midwest. You'll probably have better luck once the weather gets better in a few months.

You're also pretty high on asking price considering the rebuilt title. If I were looking for a car to keep as a driver and not part out I'd be in the 10-15k range for a clean title car with 150k miles or less. You've only got 68K miles which should help a lot, but I think all the mods probably turn some buyers off who are looking for a clean stock example. If yours was bone stock you might start attracting the EAG type crowd with such low miles.

Not that you should convert your car back to stock by any means, but will probably just take longer to find that right buyer with similar cosmetic tastes and who thinks the mechanical upgrades are worth what you're asking.
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Old 01-15-2020, 01:23 PM   #23
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It's definitely the salvage title coupled with how 'young' the car was at the time of salvage... as others have pointed out, a 1-year old M3 (with probably less than 20K miles on it at the time?) doesn't get 'totaled' from a 4K bodywork accident. Now, giving it some thought I personally would rationalize that the car should still be OK as-is now, since that was 13 years and probably 50K miles ago. So, in my head I wouldn't see the salvage title as an absolute red flag from purchasing. HOWEVER, I would expect a VERY big reduction in asking price vs. a clean title car of the same vintage / condition. Because, again, something much bigger than a "fender bender" happened to that car 13 years ago...
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Old 01-15-2020, 03:51 PM   #24
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It's definitely the salvage title coupled with how 'young' the car was at the time of salvage... as others have pointed out, a 1-year old M3 (with probably less than 20K miles on it at the time?) doesn't get 'totaled' from a 4K bodywork accident. Now, giving it some thought I personally would rationalize that the car should still be OK as-is now, since that was 13 years and probably 50K miles ago. So, in my head I wouldn't see the salvage title as an absolute red flag from purchasing. HOWEVER, I would expect a VERY big reduction in asking price vs. a clean title car of the same vintage / condition. Because, again, something much bigger than a "fender bender" happened to that car 13 years ago...
Great point.
But, I bet most people just think Salvage is salvage
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Old 01-15-2020, 03:53 PM   #25
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Great point.
But, I bet most people just think Salvage is salvage


technically it is just salvage.
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Old 01-15-2020, 04:07 PM   #26
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The only ones that bring bigger numbers are clean unmolested ones with the right options. There are many in that mid to low price range that have one ore more misses on the checklist for very picky M3 buyers. Yours has two misses, salvage title and it's been modded. Might need to drop it down a little bit to sell even when the weather turns.

I wish you good luck in a few months.
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Old 01-15-2020, 04:18 PM   #27
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Great point.
But, I bet most people just think Salvage is salvage
True. I've been toying with possibly picking up a similar vintage Jag or MB and have been watching for a decent one locally for some time now...

What I've seen with those 2 brands anyway (and I'd guess BMW would be similar) is that the ones w/ a salvage title are asking about HALF of what a clean titled car of same type / age / condition is going for.
And these aren't wrecks; these are fully repaired / restored vehicles that visually you would never think "salvage title". But that salvage title is cutting the value (and asking price) pretty much in half.

Looking at the OPs case, if a minty lo miles 06 M3 is going for $17 - 18K ish...

IMO that's a sub - $10K car he's got with that title...
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Old 01-15-2020, 04:30 PM   #28
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Agree with everyone else and I'll add a few things-

Put the stock rims back on it. Nothing says "I treated this car like ****" more to me than aftermarket rims . I don't know why - maybe its just me - but, that's how I feel.

Also mods devalue a car again, tons of mods usually say "I treated this car like ****". Most people don't want someone else' project.
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Old 01-15-2020, 04:37 PM   #29
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Agree with everyone else and I'll add a few things-

Put the stock rims back on it. Nothing says "I treated this car like ****" more to me than aftermarket rims . I don't know why - maybe its just me - but, that's how I feel.

Also mods devalue a car again, tons of mods usually say "I treated this car like ****". Most people don't want someone else' project.
I would feel the same about the wheels , doesn't look clean
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Old 01-15-2020, 06:43 PM   #30
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Mods actually subtract value.
Nothing is worth more than an unmolested original survivor.
well that’s not always true. especially when using genuine OE parts.
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Old 01-15-2020, 07:18 PM   #31
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it’s not selling because:
1) the price is too high.
2) Rebuilt title
3) “modded” cars limit the buyer pool. especially when it’s engine related and not just cosmetic.
4) winter
5) “firm” on price
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Old 01-15-2020, 07:29 PM   #32
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5) “firm” on price
^This is a really underrated factor. Buyers want to be able to haggle---it's just part of the process---and to hopefully be able to talk you down, even if it's only a couple hundred. It makes them feel more discriminating.

Saying "firm" up front can also imply that you're a more confrontational seller, further reducing the pool of prospective buyers.
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Old 01-15-2020, 07:32 PM   #33
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Saying "firm" up front can also imply that you're a more confrontational seller, further reducing the pool of prospective buyers.
Yeah I have to say, every tie I read that line I get the impression that the seller is an ass and just move on.
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Old 01-15-2020, 08:18 PM   #34
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Car prices fluctuate.
M3s haven't been selling because they are only worth what we are willing to pay. Right now they are over priced, people are putting their money into other cars.

The value of all cars depreciate, it's a select few cars that appreciate, but only after they have hit the bottom. NADA and KBB set the value that insurance companies use to pay out if it's totaled. As an investment, I don't buy cars that I can't fully insure, at the time of purchase.

Collectible cars with mods are worth less.

Advice:
Hold on to it until demand comes back.

More important is that Rebuilt Title. If that car is fully repaired, some states have a mechanism to have the tile restored. If so, get that done.
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Old 01-15-2020, 10:07 PM   #35
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Realistically, the car is worth what an insurance company will insure it for with collision coverage.

It's not as much with a rebuilt title.
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Old 01-16-2020, 01:50 AM   #36
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If someone crashes that car the insurance would pay only 50% value
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Old 01-16-2020, 03:38 AM   #37
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If it was clean title you could get 17k for it no problem. I'd say it's worth 13ish. If also suggest posting it in the Facebook marketplace as well. Craigslist is mostly dead nowadays imo
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Old 01-16-2020, 07:11 AM   #38
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because they are maint hogs, you're too high and it's a s title

pretty simple
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Old 01-16-2020, 08:10 AM   #39
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If You want a closer to realistic value for your vehicle your selling or buying is to go to your bank and ask them what the loan value is of that vehicle. They already take into account market prices as well as insurance risks to the equation when they value a vehicle.
Loan value will be the amount the financial institution is willing to let yhe consumer borrow to purchase a vehicle.
And we know banks don't like losing money.
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Old 01-21-2020, 07:37 PM   #40
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I tried to sell an M3 in the Winter in Wisconsin and had similar results. Based on your photos, I would recommend lots of photos showing no rust damage and no rear suspension mount damage. As well, Craigslist people are super cheap and most likely don't have the funds to pay $17,000 for a fifteen year old car. I would list it on Autotrader or try Bring a trailer so that you put the car in front of more enthusiasts or at least have it where there is a better search engine for people looking for an E46 M3. You may also take into consideration that people on a budget will want to drive your car to where they live- a real challenge during Midwest winters. Lovely car though!
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