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-   -   Lime Rock Purchase, Need Opinions (http://www.m3forum.net/m3forum/showthread.php?t=590449)

meredith99 Tue, Jul-25-2017 08:01:36 AM

Lime Rock Purchase, Need Opinions
 
I have been collecting sneakers for about 7 years now. My passion is not fading, but I have about 200-250 pairs (half the collection, haha) I want to sell to put a nice downpayment on a Lime Rock.

I have a weekday car, I'm thinking a weekend car / fun car. I just traded in my 435 for a new Jag.

What are your thoughts on the long term value the Lime Rock will hold. I want to put about 20-25k down and finance the rest.

Do you think in 5-10 years the car will still hold its value pretty well, if I keep it low miles in great condition?

My friend who's owned a couple M3s seems to think the price will keep going down on them, but I am in the 'collector' business of high end sneakers and I think the complete opposite.

All opinions are welcome, I like to bounce ideas off people before I go drop $50,000 on a car.

Thanks

David

M3TAL MAN Fri, Jul-28-2017 02:29:55 PM

Re: Lime Rock Purchase, Need Opinions
 
You don't typically buy late model cars as an investment. hard to say what the value of the e92 will be in time just buy it cause its an awesome machine to own and drive! i bought one recently and couldn't be more happier with the car.

Voss Fri, Jul-28-2017 03:07:15 PM

Re: Lime Rock Purchase, Need Opinions
 
5-10 years from now could be possible. It is most likely the last NA V8 M3 BMW will ever produce. Lime rock edition will be rare and special at that time to the right collector.

You need to keep it collector condition though, with as little miles on it as possible.

legacyej25 Fri, Jul-28-2017 03:12:28 PM

Re: Lime Rock Purchase, Need Opinions
 
Trying to be a realist here, not negative, but cars are typically a pretty bad investment. Especially when you factor in all the costs to maintain, store, insure, excise taxes, taxes at purchase etc.

In my opinion its a gamble that won't really pay off. That being said, I love the Lime Rock edition and think it would be a blast to own!

TboneM3 Fri, Jul-28-2017 06:28:18 PM

Re: Lime Rock Purchase, Need Opinions
 
Putting $25k into mutual funds will pay off more than buying an E92.

meredith99 Sat, Jul-29-2017 02:08:41 AM

Re: Lime Rock Purchase, Need Opinions
 
Quote:

Originally Posted by TboneM3 (Post 1067698426)
Putting $25k into mutual funds will pay off more than buying an E92.


But I can't drive a mutual fund on the PCH going 80... haha

p///Mp Sat, Jul-29-2017 09:41:12 AM

Re: Lime Rock Purchase, Need Opinions
 
Quote:

Originally Posted by TboneM3 (Post 1067698426)
Putting $25k into mutual funds will pay off more than buying an E92.

all true!
yes its too early to see if this model will be coveted...so far its impressive at how well its held its value only 4 years in and it being nothing but a cosmetic comp package upgrade

certainly maintaining more than its 10g upcharge on sticker

z3papa Fri, Aug-04-2017 01:53:14 AM

Re: Lime Rock Purchase, Need Opinions
 
I used to believe that buying a car, any car for an investment value was frankly stupid as 95% of all cars depreciate badly, are intended to be driven which furthers depreciation, and at best a complete crap shoot. That was my attitude when I owned a 2002 M54 Z3 3.0 in response to Z3M owners. At the time, I noticed E30 M3's showing strong value but thought it was an exception. Fast forward 12 years, the S54 Z3M Coupe which I passed on for $24k is now worth upwards to $50k, the S54 Coupes are $25-30, the roadsters I could buy for $15k are worth $25k, now very nice E30 M3's are pushing $40k. So now, I think maybe its not such a bad idea.

RaceCarDriver Fri, Aug-04-2017 11:05:25 PM

Re: Lime Rock Purchase, Need Opinions
 
Quote:

Originally Posted by z3papa (Post 1067701124)
I used to believe that buying a car, any car for an investment value was frankly stupid as 95% of all cars depreciate badly, are intended to be driven which furthers depreciation, and at best a complete crap shoot. That was my attitude when I owned a 2002 M54 Z3 3.0 in response to Z3M owners. At the time, I noticed E30 M3's showing strong value but thought it was an exception. Fast forward 12 years, the S54 Z3M Coupe which I passed on for $24k is now worth upwards to $50k, the S54 Coupes are $25-30, the roadsters I could buy for $15k are worth $25k, now very nice E30 M3's are pushing $40k. So now, I think maybe its not such a bad idea.

Great comment. I love my S54 M Coupe, you're right, its gone up a lot since I bought it a few years ago.

I think the right cars can go up in value. Only 0.01 percent compared to all the cars sold but I can give you some personal examples.

I sold my 95 NSX for double what I paid for it (I had it for 4 years). My 2005 Long Beach Blue NSX and 993 Turbo have probably doubled in value.

I didn't buy them as investments, I bought them because I thought they were great drivers cars and I thought they were seriously undervalued. I never thought they would appreciate as much as they did.

I think the Limerock edition has a chance to be valuable if its a manual transmission. A manual Limerock is a Unicorn.

Good Luck, I hope you buy one.

Speed Monkey Sat, Aug-05-2017 02:44:38 AM

Re: Lime Rock Purchase, Need Opinions
 
It's very simple man... You buy it to drive it. If you ain't gonna drive it, then put your money in a Cornerstone annuity, which is sold through Allianz Life Ins Co.


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