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E36 M3 (1992-1999) {Euro - S50 B32 321hp @ 7400 rpm} {U.S. - S52 B32 240 hp @ 6000 rpm}
Total Produced: 71,212 - Years Produced: 1992 to 1999


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Old Tue, May-09-2017, 02:41:57 PM   #1
BRUIS3D
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Default Anyone who has bought or sold a M3 recently...

I have a favor to ask the community, my 95 I have owned since 2006 was pretty decimated by hail yesterday. In gearing up for the inevitable debate about value with the insurance company I wanted to start collecting values to see where my car stands. I have looked through the local craigslist adds already just looking for more to have a solid case.

If you could please post, link or PM the add for what you may have recently sold or bought I would appreciate it.

Thanks

Tim
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Old Tue, May-09-2017, 02:58:00 PM   #2
spaghettiM3
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Default Re: Anyone who has bought or sold a M3 recently...

Sorry that happened! Thankfully my girlfriend was home and was able to save mine with blankets.

I'll PM you with what I just paid for mine.
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Old Tue, May-09-2017, 04:14:59 PM   #3
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Default Re: Anyone who has bought or sold a M3 recently...

Hey man, go over the recent bringatrailer.com auctions as well. There has been lots of e36 activity on there and it has all the sold prices available on each auction.
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Old Tue, May-09-2017, 04:33:55 PM   #4
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Default Re: Anyone who has bought or sold a M3 recently...

I'm a month and a half into a fight with Allstate about the value of my car. It will be a challenge to get them to give you anything close to the actual value of your car. I am still a few thousand off after that much time arguing with them.

What whichever company you have will probably do, is send someone to inspect your car to find as many flaws as they can. Keep in mind that they are there to find things wrong with your car, not fairly appraise it. Make sure that anything you can fix or clean is taken care of before they come. If you have any engine, transmission, or differential leaks, clean those off. Polish whatever paint you can, but you can probably say that the paint damage is all from the hail. Basically, give them as few excuses to lower the value as possible.

Then they will probably send that information to a "valuation company" that company will find the lowest priced cars that they think they can convince you are comparable to your car. The two that Allstate's company, "CCC one", are using against me are a few thousand under priced based on their mileage. They will use those comparables as a base price, and start subtracting money for mileage, and whatever flaws that they found in your car.

The hard part is convincing them to use appropriately priced comparable cars. They will find any bogus reason not to use valid comparisons. for example, I sent them comparables to use, and the couple that they didn't find a word like "immaculate, like new, flawless" they ran their adjustments, then threw them out because they thought the price was too high(more than double NADA). The other hurdle, is that all of the common pricing guides have not caught up to the current e36 M3 market.

What I am now in the process of doing, is collecting as many ads as I can find on the internet. I am going to use those to make a price vs mileage plot in Excel, then put a best fit line in. from that, I am going to subtract the condition adjustments that they applied to their valuation reports. I already did a quick version of this, but I just put the data into the spreadsheet, without collecting the ads to support the data. I am going to put all of that into my own report with every ad in an appendix as documentation. They should honor that, but based on their recent communications, I may have to sue them or just accept a $2-3k loss.

I can send you my initial files if you would like. You can get a good idea what the average price is of a car that has whatever mileage your car has.

Last edited by tsmith25; Tue, May-09-2017 at 04:40:29 PM. Reason: modified
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Old Tue, May-09-2017, 06:19:43 PM   #5
spaghettiM3
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Default Re: Anyone who has bought or sold a M3 recently...

Quote:
Originally Posted by tsmith25 View Post

I can send you my initial files if you would like. You can get a good idea what the average price is of a car that has whatever mileage your car has.
This seems like a very valuable resource! I'm sure others could benefit from this if their vehicle is declared a total loss.
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Old Tue, May-09-2017, 06:46:13 PM   #6
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Default Re: Anyone who has bought or sold a M3 recently...

I think this is going to be an ongoing problem with E36M's for the future.

This is why I put my car insurance to liability. I realized a 300K mile E36M is going to get me nothing if i was in a total loss situation.

The other way to go about it, is I think you can have an appraisal done before you have an incident, and make your insurance company give you a quote based on the appraised value. That way, when there is an incident, there is no debating the value, because you are insured for the already agreed upon value.
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Old Tue, May-09-2017, 08:03:48 PM   #7
spaghettiM3
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Default Re: Anyone who has bought or sold a M3 recently...

Well, I spoke to soon. Went home real quick to look at mine now that the rain finally dried up and it's probably totalled as well.
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Old Tue, May-09-2017, 08:37:03 PM   #8
Poorhouse
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Default Re: Anyone who has bought or sold a M3 recently...

Quote:
Originally Posted by tsmith25 View Post
I'm a month and a half into a fight with Allstate about the value of my car. It will be a challenge to get them to give you anything close to the actual value of your car. I am still a few thousand off after that much time arguing with them.

What whichever company you have will probably do, is send someone to inspect your car to find as many flaws as they can. Keep in mind that they are there to find things wrong with your car, not fairly appraise it. Make sure that anything you can fix or clean is taken care of before they come. If you have any engine, transmission, or differential leaks, clean those off. Polish whatever paint you can, but you can probably say that the paint damage is all from the hail. Basically, give them as few excuses to lower the value as possible.

Then they will probably send that information to a "valuation company" that company will find the lowest priced cars that they think they can convince you are comparable to your car. The two that Allstate's company, "CCC one", are using against me are a few thousand under priced based on their mileage. They will use those comparables as a base price, and start subtracting money for mileage, and whatever flaws that they found in your car.

The hard part is convincing them to use appropriately priced comparable cars. They will find any bogus reason not to use valid comparisons. for example, I sent them comparables to use, and the couple that they didn't find a word like "immaculate, like new, flawless" they ran their adjustments, then threw them out because they thought the price was too high(more than double NADA). The other hurdle, is that all of the common pricing guides have not caught up to the current e36 M3 market.

What I am now in the process of doing, is collecting as many ads as I can find on the internet. I am going to use those to make a price vs mileage plot in Excel, then put a best fit line in. from that, I am going to subtract the condition adjustments that they applied to their valuation reports. I already did a quick version of this, but I just put the data into the spreadsheet, without collecting the ads to support the data. I am going to put all of that into my own report with every ad in an appendix as documentation. They should honor that, but based on their recent communications, I may have to sue them or just accept a $2-3k loss.

I can send you my initial files if you would like. You can get a good idea what the average price is of a car that has whatever mileage your car has.

Enact your appraisal clause.

Check your policy to confirm it has it but most all do.

Once you enact the clause all negotiations and b.s. stop.

You hire an independent appraiser to value the vehicle. Your insurance company does the same. If the appraisers can't agree on value they decide on a 3rd appraiser to act as umpire to make a final decision.

The beauty of this is that independent appraisers aren't bound by internal insurance company rules. They will be open to comparable vehicles from around the country. You show a couple BAT and Ebay sold comps for $15k. That is the value. Comparables carry much more weight than book value.
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Old Tue, May-09-2017, 08:40:43 PM   #9
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Default Re: Anyone who has bought or sold a M3 recently...

As Westopher said, here are all the 95 M3's auctioned on BAT:

http://bringatrailer.com/search/1995+m3/
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Old Tue, May-09-2017, 09:42:22 PM   #10
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Default Re: Anyone who has bought or sold a M3 recently...

BAT.... and some literature about E36 values on Hagerty.... they have a pretty write-up with graphs on there.... not sure if it is totally up to date! GL.... .be sure to include the lightwgt model for reference?
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Discussing Anyone who has bought or sold a M3 recently... in the E36 M3 (1992-1999) Forum - {Euro - S50 B32 321hp @ 7400 rpm} {U.S. - S52 B32 240 hp @ 6000 rpm}
Total Produced: 71,212 - Years Produced: 1992 to 1999 at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)