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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 Wed, Jun-14-2017, 06:36:06 PM   #21
Nate047
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Default Re: Title: Salvage or Clean?

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Originally Posted by Earthwormjlm View Post
Cars don't get salvaged unless there is a real reason. They probably found the car sitting on blocks, or a lot of parts stripped to give it that title when it was recovered.
I tend to agree with this point. However, it's possible to replace parts that have been stolen, assuming the core pf the car is not totally ****ed. Since the value of these cars is relatively low, it's possible that the only things stolen were relatively inexpensive bolt on parts. This brings me back to my earlier suggestion of having an inspection done, or at least bringing a friend who knows these cars and can spot what's been replaced etc...
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Old Wed, Jun-14-2017, 08:17:58 PM   #22
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Default Re: Title: Salvage or Clean?

Insurance companies are quick to total cars, because they can usually get away with valuing the car less than the cost of the repairs would be. A salvage title doesn't have to mean that the car is a bad car mechanically. the problem is financial value.

I agree with everybody that has said only to get a salvage car to be a race car, or driven into the ground.

I could fix my car that was totaled and get a salvage title, but then I would end up with a car that is worth way less than I paid for it. Instead, I decided to find another one, and sell the wrecked one to somebody as a donor car. Whoever buys it will either make it into a race car, or use it for a swap of some kind. That is it's only value at this point.
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Old Wed, Jun-14-2017, 09:39:12 PM   #23
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Default Re: Title: Salvage or Clean?

In OP's circumstances I'd buy the salvage car with a clean PPI to confirm no frame damage. He's using it as a fun weekend car, not his pride and joy of an investment like most on here. If he can enter the market for 4K less with a car he just plans to run around in why wouldn't he. You can also add the fact it's a Vert and will never make you money anyway, clean or salvage because enthusiasts like the ones on this forum don't want Verts. Now if you wanted it as your pride and joy with plans to restore it to pristine condition then a clean title is an obvious choice, but that's not the case he's describing.
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Old Wed, Jun-14-2017, 11:52:45 PM   #24
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Default Re: Title: Salvage or Clean?

This is very true. After studying the market (still am) two things kill the value of these car, convertible and auto. It's worst when it's both a convertible and auto. And I would only get one if I can save $4-5k. In reality I wouldn't spend no more than 3k if it was salvage and that's even a maybe. Salvage title cars are great for track, driven to the ground, maybe even show. I do think some of these cars are over inflated more than they should be even the ones that are not well maintained.


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Old Tue, Sep-12-2017, 09:11:24 PM   #25
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Default Re: Title: Salvage or Clean?

So before I do this I'll put it out there for any input. I found a convertible M3 that the seller and I agreed on. Clean title manual transmission. It has some tasteful upgrades like, lightweight flywheel with M5 clutch, adjustable coilovers, exhaust, intake, and new front control arms. The automatic convertible top works and the paint is in fair to good condition. The interior has no rips or tear. Some cons are it has 150k miles and a dollar coin size scratch/blemish on the back bumper. So for what it is what would be a fair to good price for this? Thanks for the input.


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Old Tue, Sep-12-2017, 09:38:56 PM   #26
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Default Re: Title: Salvage or Clean?

Are you including "rebuilt" titles as well in the salvage class? Just remember that the book values of these cars are still in the toilet and don't really represent reality. Just about any recent, minor accident can total a perfectly good and easily repairable M3 putting the title into salvage/rebuilt territory. These aren't 2018 models with $25K+ in frame damage to trigger salvage, and justify the replies above. That is a big difference IMO. $2-4K will total just about any E36 M3....so basically ANY accident involving a fender/bumper/paint. This level of damage wouldn't trigger the salvage on a new car because it would just be fixed and not total the car. BIG DIFFERENCE

The real answer is that "it depends". To me (and just about any other enthusiast), condition is 100% of the value determination of a car, not a check box on a title that you never see after the purchase. Sure, a car with accident history is going to have slightly less value than an identical one that has zero history, but the comments on here are overly extreme and painted with a large brush. Drive it yourself and consider the condition of the car. If it was repaired properly, it will probably have much nicer paint and drive normally. If it wasn't, it should show itself upon a thorough test drive and mechanical inspection.

Again, it depends. The best values are usually found with rebuilt titles due to the mentality shown here. Good, rebuilt cars generally have much less miles, much better condition paint, and newer parts. Its up to the buyer to determine that and for the seller to accommodate in price for any uncertainty in quality of repairs.
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Old Tue, Sep-12-2017, 10:10:46 PM   #27
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Default Re: Title: Salvage or Clean?

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Originally Posted by wgknestrick View Post
Are you including "rebuilt" titles as well in the salvage class? Just remember that the book values of these cars are still in the toilet and don't really represent reality. Just about any recent, minor accident can total a perfectly good and easily repairable M3 putting the title into salvage/rebuilt territory. These aren't 2018 models with $25K+ in frame damage to trigger salvage, and justify the replies above. That is a big difference IMO. $2-4K will total just about any E36 M3....so basically ANY accident involving a fender/bumper/paint. This level of damage wouldn't trigger the salvage on a new car because it would just be fixed and not total the car. BIG DIFFERENCE



The real answer is that "it depends". To me (and just about any other enthusiast), condition is 100% of the value determination of a car, not a check box on a title that you never see after the purchase. Sure, a car with accident history is going to have slightly less value than an identical one that has zero history, but the comments on here are overly extreme and painted with a large brush. Drive it yourself and consider the condition of the car. If it was repaired properly, it will probably have much nicer paint and drive normally. If it wasn't, it should show itself upon a thorough test drive and mechanical inspection.



Again, it depends. The best values are usually found with rebuilt titles due to the mentality shown here. Good, rebuilt cars generally have much less miles, much better condition paint, and newer parts. Its up to the buyer to determine that and for the seller to accommodate in price for any uncertainty in quality of repairs.


Thanks for the input and time. I found one that I was considering picking up on my last reply that is a clean title.


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Old Tue, Sep-12-2017, 11:47:17 PM   #28
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Default Re: Title: Salvage or Clean?

For reference, I wouldn't expect a well repaired/rebuilt car to be valued much less than $500 over a clean title car of equal condition. I would subtract more from value if repairs were recent indicating more uncertainty. Mine was driven for 6 years after the accident giving more confidence over the quality and condition of the car. This is all assuming a non collector condition car. Cars that have been around for 20 years all have a "history" too.

I paid $12,500 for a 98 manual coupe with 63K miles with rebuilt title. Relatively fresh alpine white with black vader interior in good condition. It had a TT stage 2 kit on it (close to 400whp), M50 manifold, Porsche BBK (which I replaced with a Stoptech BBK), built rear end with DSS axels, upgraded radiator....IE most mechanical deficiencies solved. I probably paid 2K too much given some of the repairs I had to do, but it was "my" car, and now it's just about the nicest E36 you'll see. I valued the mods put in this car as they solved it's main problems in my eyes. The entire underside of this car looks like new. I was either going to V8 or turbo any M3 I purchased. This was turn key for me. No real regrets.

Needed new rubber door and window seals, complete stereo system and speakers, headliner, sun roof rebuild, entire PS refresh+z3 rack, and a lot of elbow grease. Any E36 is going to have a list of things to repair, that's the hobby part of them. Most parts are super cheap (sans door seals at $350/ea) and they are easy to work on.

Just assume you'll need to replace all OE rubber parts. These cars are a lot of fun and good DDs. They won't wow you in any one area, but they won't leave you wanting either....assuming you have some HP in one.

Last edited by wgknestrick; Tue, Sep-12-2017 at 11:52:28 PM.
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Old Tue, Sep-12-2017, 11:58:30 PM   #29
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Default Re: Title: Salvage or Clean?

Quote:
Originally Posted by JohnGibson View Post
So before I do this I'll put it out there for any input. I found a convertible M3 that the seller and I agreed on. Clean title manual transmission. It has some tasteful upgrades like, lightweight flywheel with M5 clutch, adjustable coilovers, exhaust, intake, and new front control arms. The automatic convertible top works and the paint is in fair to good condition. The interior has no rips or tear. Some cons are it has 150k miles and a dollar coin size scratch/blemish on the back bumper. So for what it is what would be a fair to good price for this? Thanks for the input.


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Just make sure you really want the Vert. Sorry in advance for To me, they are just POS of compromised design from this era of cars. The moon roof solves all the wants of the vert, but has zero of the issues IMO. There is a reason the verts have such a lower value over everything else.
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Old Wed, Sep-13-2017, 03:12:21 AM   #30
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Default Re: Title: Salvage or Clean?

The value of these cars is the money recently spent on maintenance. Pick a number for the shell, say 1500, then add say 60% of the cost of work done to the car in the last 10-15k miles.

What do you come up with?

Then take the price of a cream puff with all the same work done, and what can you get that for? Take that number and subtract the cost of things that car has that make it better than the one you are looking at (pick a price per mile if you want).

Are the two numbers close, say within 15-20% on these 10k cars? If not, which one is less? That's the one you want.

I was thinking of buying my kid a manual 128i convertible for her first car, but since you guys are saying the M3 is worth so little, maybe I will go that route. She who must be obeyed isn't keen on a manual 318ti we looked at.
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Discussing Title: Salvage or Clean? 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)