CSI For Sale

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STLE9

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naaah, that's just Mark Starr at Hunting Ridge Motors ... with a NY buying crowd. just wait, you will find it on autotrader classic by somebody else in another state for half price shortly (while its still for sale by Mark at the full price).

this coupe does look nice ... wish i had a big pile of money that wasn't already spent.
 
How well has Hunting Ridge done in moving their $$ cars? I seem to see them lingering when have looked at different times
 
Nice Car. The only thing I can fault it on is
The steering wheel is on the wrong side of the car
 
"Matching numbers" Engine

The premium must be for the matching numbers engine. Only if someone could educate me on where to look for these numbers.
 
Well there is the item of whether VIN stamped on engine (near starter) matches car. Then engine head has a year stamp. But advice is one is better off with a post 82 head for longevity (thanks sfdon). I'd be interested in what collectors seem to be looking for.
 
I suspect Mark is waiting for the market to catch up with his prices, and it is doing just that.
Ed Waterman at Motorcar Gallery in Ft Lauderdale has done similar things with M1s in the recent past. He bought several, put them up for 200-250k and eventually the market caught up to his prices or blew past them. Enthusiast Auto has done the same with e30 M3s.

None of these guys seem to care about long holding periods (even two or three years), so I guess they dont pay floor plan interest.

Scott
 
craterface said:
I suspect Mark is waiting for the market to catch up with his prices, and it is doing just that.
Ed Waterman at Motorcar Gallery in Ft Lauderdale has done similar things with M1s in the recent past. He bought several, put them up for 200-250k and eventually the market caught up to his prices or blew past them. Enthusiast Auto has done the same with e30 M3s.

None of these guys seem to care about long holding periods (even two or three years), so I guess they dont pay floor plan interest.

Scott
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Even still, that's a lot of frozen capital. I work in the dealer world, and if our used car turn goes outside of 30 days it's cause for alarm, and we floor half of our used inventory.
 
MyFemurHurts said:
Even still, that's a lot of frozen capital. I work in the dealer world, and if our used car turn goes outside of 30 days it's cause for alarm, and we floor half of our used inventory.
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For most cars, 30 days may work. I would think that in order to command premium prices on an e9, however, you would have to be a whole lot more patient. The buyer pool can't be huge for these things, especially when you get well north of $50k.
 
Valor faded, dash wood not great, no blaupunkt, chrome hood grills black fender vents,
some small parts missing and undercarriage photos? not perfect
 
sreams said:
I don't know... The car looks pretty brave to me.
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have looked at their cars.....not perfect by my standards....it seems like some dealers neglect things that could be easily fixed with some parts hunting.....worn interiors just don't cut it with me at all. Patina belongs on the outside of the car...unless it is an original paint RARE car or bike. and how hard is it to clean up the bottom of the car? here they call it the downstairs....although most of our basements are probably not in the best shape...mine for sure is not...but the BMW is...
 
Ohmess said:
For most cars, 30 days may work. I would think that in order to command premium prices on an e9, however, you would have to be a whole lot more patient. The buyer pool can't be huge for these things, especially when you get well north of $50k.
Click to expand...

Oh I fully agree. I just can't wrap my head around why a business would tie up that much capital on an asset that won't turn for that long of a time period. One could find a lot better ways to make money.

Guess us Coupe owners shouldn't complain though about others trying to set a high water mark for values though. :)
 
I guess it depends how you look at it. Most car dealers aren't long term investors, but I would say (much like Porsches) our cars are "buy and hold" stocks now :-)

Cheers
James
 
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