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Archive for July, 2013

Market Update – July 26, 2013

July 26th, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 39
S52: 28
S54: 11
Average Asking Price: $26,923.70
S52: $23,498.35
S54: $35,020.00

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $30,000

2000 Estoril Blue over Estoril Blue in Milton, FL

2000 Estoril Blue over Estoril Blue
Milton, FL – $14,400

1999 Cosmos Black over Black in Alexandria, VA

1999 Cosmos Black over Black
Alexandria, VA – $25,000

2001 Titanium Silver over Black in Scotts Valley, CA

2001 Titanium Silver over Black
Scotts Valley, CA – $25,000

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

2000 Titanium Silver over Black in Snohomish, WA

2000 Titanium Silver over Black
Snohomish, WA- $21,000

2001 Titanium Silver over Black in Mountain View, CA

2001 Titanium Silver over Black
Mountain View, CA- $29,500

1999 Boston Green over Dark Beige in Philadelphia, PA

1999 Boston Green over Dark Beige
Philadelphia, PA- $16,500

1999 Arctic Silver over Black in Vancouver, WA

1999 Arctic Silver over Black
Vancouver, WA- $18,900

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

Like Son, Like Father

July 23rd, 2013 2 comments

2001 Black Sapphire over Black BMW M Coupe

I can honestly say my dad has had more influence on my life than any other single person. A high school scholarship essay I wrote attesting to this even made it’s way into the appendix of a parenting book, so it feels good to have a little positive influence in return. I’m pleased to introduce the newest member of the Coupe Cartel, my father, Randy Martin.

I’ve been telling my parents for years that a coupe would not only be fun but also a great investment. Well, they finally listened, and I cannot be more happy. On June 25, 2013, in my normal morning search, I came across a a pretty good deal on a black sapphire over black S54 coupe in Coon Rapids, MN. It’s previous sales listing 2 years ago was not the best, being sold with ill-fitting snow tires, super-low suspension, and a beat up front bumper. It still has two of those things, but the chrome shadow roadstars are back and in great shape. The super low suspension turns out to be TC Kline coilovers with TC Kline camber plates (which ones I’m not sure yet), but the beat up bumper we’ll have to work on still. The VIN tags all match though and the Carfax is clean. My parents were heading to northern Iowa for a high school reunion anyway, so Coon Rapids was not even too far out of the way. It’s like it was meant to be.

Once the 1,000 miles of interstate and rural roads were washed off (with help from the entire family), the paint is in pretty amazing shape for the mileage with hardly a swirl mark. Someone who knew how to use a polisher has worked on it lately. The interior shows a little wear on the driver’s bolster as expected and a couple trim pieces are missing or in need of repair. All these things are common to coupes of this mileage (71,000). I’m going to do my best to document my repairs/maintenance/rehab as it should be helpful to all. It’s going to be a fun project. Stay tuned.

Categories: Dad's Coupe Tags:

Market Update – July 19, 2013

July 19th, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 39
S52: 29
S54: 10
Average Asking Price: $27,709.62
S52: $24,797.63
S54: $35,572.00

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $30,000

2000 Estoril Blue over Estoril Blue in Milton, FL

2000 Estoril Blue over Estoril Blue
Milton, FL – $14,400

1999 Cosmos Black over Dark Beige in Greensboro, NC

1999 Cosmos Black over Dark Beige
Greensboro, NC – $28,500

1999 Boston Green over Dark Beige in NJ

1999 Boston Green over Dark Beige
NJ – $35,000

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

2000 Titanium Silver over Black in Snohomish, WA

2000 Titanium Silver over Black
Snohomish, WA- $21,000

1999 Cosmos Black over Dark Beige in San Francisco, CA

1999 Cosmos Black over Dark Beige
San Francisco, CA – $15,900

2001 Titanium Silver over Black in Scotts Valley, CA

2001 Titanium Silver over Black
Scotts Valley, CA – $25,000

2000 Titanium Silver over Black in Bunnell, FL

2000 Titanium Silver over Black
Bunnell, FL – $22,975

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

A Fortuitous Encounter

July 8th, 2013 Comments off

A great coupe story from Jeff who will hopefully soon be joining the Cartel.

BMW Z3 Coupe in Sterling Gray

I think my interest in BMWs first began back when I was in middle school.  One of my best friend’s dad had one of the first E65 745Li cars in I believe Space Grey.  About the same time I began spending a considerable amount of time over at their house I saw the 2004 cheesy action film “Taxi” which featured Jimmy Fallon and Queen Latifah in a souped up taxicab chasing an AC Schnitzered up 760Li being driven through the streets of NYC by Brazilian Victoria’s Secret models.  Though the girls of course were a hit with everyone, I was the only one out of all of my friends who was more interested in the V12 Bimmer than the mental taxi.

My friend’s dad was a cardiologist so he worked pretty weird hours but we occasionally were presented the opportunity to ride in his car, which often involved breaking land-speed records in our Ohio suburb to do something mundane like picking up Chinese food.

Skip ahead a few years.  Probably the second week of college I met one of my closest friends who happened to own (still does) a 97 Z3 1.9 automatic with the hard top.  An old car with a lawn mower engine, terrible transmission, and sticky gas pedal.  But I still love every chance I get to go someplace in it.  It feels truly fantastic sitting on the rear axle staring out at a football field’s worth of bulging hood.  Plus the styling which is so tasteful and classic BMW.

I was sold.  Clearly the perfect car for a young bachelor.  I can’t say exactly when I became fascinated with coupes, I had never seen one in person, but it was sometime between then and now.  They appealed to me mainly because of the originality and backstory of how they came to be.  Though I also loved how they prove that a 2 seater sports car can be somewhat practical.  A “hot hatch” that’s so much better than a hatchback could ever be.

A couple weeks ago I was on a family vacation in Myrtle Beach, SC.  It was mainly my uncle John’s family but since they were on the east coast (we now live in VA), my mother and I decided why not join?  One night at dinner I was sitting next to my cousin Andrew, who shares many of my interests, and we were talking about cars.  He was showing me pictures on his phone from a car show he had recently attended with his 4 year old son.  I started talking about my plans for buying a Z3 M Coupe after I finish college and get a job (only one year left!)  Knowing him, I wasn’t surprised when he knew exactly what I was talking about.  It did however throw me off a bit when he told me that his wife Heather’s younger brother Greg had just recently bought one.

At this point Andrew’s father in law Ken who was sitting across the table joined the conversation and the two of them began to describe the pretty bad experience that Greg had in buying the car.  Apparently he had done a pre-purchase inspection at a BMW dealership in the city where he bought the car and they had failed to disclose that the car was plagued with what I immediately recognized as the dreaded subframe failure issue.  Apparently he threatened the dealership with legal action at which point they began circulating internal emails to destroy any record of him having had the car inspected there.  How’s that for customer service?  Apparently one of these emails got sent to the wrong person who read back through the chain and decided to do Greg a favor by forwarding all of this back to him.

(This is all what my cousin was telling me anyway, I don’t know how much is true/inaccurate, and I’ve never met Greg.)

Hearing all of this I was still dumbfounded at the coincidence of the situation and couldn’t believe the story I was hearing.  Apparently the legal stuff didn’t go any further, but they continued to tell me about how he’s considering whether or not to go through with the Forbes fix.  Ken told me that he has had work done at an M specialist in Cincinnati who has been very helpful.  I said “oh, Enthusiast Auto?  They’re pretty well known among the coupe community” to which he replied “yep, I believe that’s the one.”  He then asked me “how do you know all of this about these cars?”  I replied “I’ve read the forums and done a lot of research, I’m pretty committed to buying one I just need to wait until I can afford one.”

Exactly at that moment, I turned to my right and a Gray Z3 coupe (must have been Sterling Gray) goes flying by on the road next to the restaurant patio where we were sitting.  (I’m pretty sure it was an M54 as it had the larger hatch trim/handle.)  I pointed and yelled “look there it is! This rare weird car we’re talking about!”  I kept staring until I couldn’t see it anymore and said “I don’t think I’ve seen one in person before” of course forgetting that there was a silver one with an ugly stripe parked out front of the Porsche dealership near my parents’ house briefly last winter.  Andrew laughed and said “well I guess it was meant to be, you HAVE to buy one now!”

The next night we went to a different place for dinner and ended up parking across from what I can only assume is the same car…that is of course unless Myrtle Beach is full of Sterling Gray M54 Z3 coupes with tinted windows.  I was beside myself with excitement, though I don’t think my mother, uncle, and aunt fully grasped the significance of the situation…victim of the Coupe Cartel anyone?  This time I was able to get a couple pictures.  Its hilarious seeing the scale in comparison with the SUVs surrounding it.

BMW Z3 Coupe in Sterling Gray

BMW Z3 Coupe in Sterling Gray

One day, hopefully in the somewhat near future, I’ll own one of these cars.  Until then I can only continue dreaming.

Categories: Coupe Stories Tags:

Market Update – July 5, 2013

July 5th, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 45
S52: 34
S54: 11
Average Asking Price: $27,067.40
S52: $23,426.06
S54: $37,660.36

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2002 Steel Gray over Black in Southampton, NY

2002 Steel Gray over Black
Southampton, NY – $38,500

1999 Estoril Blue over Black in Mountain View, CA

1999 Estoril Blue over Black
Mountain View, CA – $12,000

1999 Estoril Blue over Estoril Blue in Manhattan Beach, CA

1999 Estoril Blue over Estoril Blue
Manhattan Beach, CA – $14,850

2000 Titanium Silver over Estoril Blue in Gaithersburg, MD

2000 Titanium Silver over Estoril
Gaithersburg, MD – $23,000

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

2000 Titanium Silver over Dark Gray in Clackamas, OR

2000 Titanium Silver over Dark Gray
Clackamas, OR- $17,000

1999 Cosmos Black over Dark Beige in San Francisco, CA

1999 Cosmos Black over Dark Beige
San Francisco, CA – $15,900

2000 Imola Red over Imola Red in Salem, OR

2000 Imola Red over Imola Red
Salem, OR- $17,500

2000 Alpine White over Evergreen in Portland, OR

2000 Alpine White over Evergreen
Portland, OR- $27,995

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags: