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The latest edition of bmwcar mag, see's Andrew making the case for many current bmw E28's being over priced for what they are, a mid ranged 1980's exe saloon car, hiding 30 plus years of rust, and unless it is an imaculate restoration, then walk on by, because by modern car standards they don't cut the mustard, as a daily use car.

You can say that about any classic car though, not just BMW. Another reason for vastly inflated prices, my 1986 528i manual was £600 just 7 years ago, is, that when the E28 was a current model bmw was a fairly niche car maker compared to today, so the fact that there weren't shed loads of E28's to start with, and even fewer left today has probably bumped prices up.

 

Anyone willing to discuss.

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Massively overpriced...

 

https://www.carandclassic.co.uk/car/C1172304

 

https://www.carandclassic.co.uk/car/C1172240

 

Imo, they're just buckets to stay well clear off, unless you know your way around a car, and can fix yourself.

 

I'd also be wary as to how genuine a lot of the mileage is on some of these cars.

 

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39 minutes ago, Steve van hool said:

The E28 M5 is the original 4 door performance saloon, quite  rare, and deservedly saught after, how many are left?

 

82 SORNed and 24 taxed from 187 built in rhd, so about 57% surviving.

 

M635CSi's; 193 SORNed and 61 taxed from 524 built in rhd, so about 48% surviving.

Edited by sharkfan

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I loved mine but wouldn't have another.

Was interesting to see the current 320d as tested on 5th gear has the same 0-60 and top speed as the M535i but more torque. That's progress....


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21 minutes ago, sharkfan said:

 

82 SORNed and 24 taxed from 187 built in rhd, so about 57% surviving.

 

M635CSi's; 193 SORNed and 61 taxed from 524 built in rhd, so about 48% surviving.

 

82 off the road or in storage, either way that's 82 E28 M5's not being used on the road, which is criminal.

 

Get it on the road, or sell it to someone who will use it, as was intended.

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It may be a classic, but for £35k, think about what you can buy today. Unless you're a hardcore enthusiast, and know how to fix yourself so it can grow in value, I don't think it's worth it.

 

But, I guess a lot of people who buy classic cars know a thing or two around the engine, and see them as an investment. Just look at the old Escort/Sierra Cosworths.

 

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FWIW I think the whole classic market is due a realignment and people are going to get stuck with stuff they’ve paid to much for. 

 

For £35k I’d have an e39 M5 and cash in the bank. 

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FWIW I think the whole classic market is due a realignment and people are going to get stuck with stuff they’ve paid to much for.    For £35k I’d have an e39 M5 and cash in the bank.   

 

 

Imo the E29 looks better too. I think the E28 just looks horrible. To me it looks like it's owned by a guy in a long coat, a cigar in his mouth, cruising around local schools. 

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1 hour ago, duncan-uk said:

You’re wrong about the looks B)

 

+1, even in the 1980's the E28 was one of a very few  number of cars coming with chrome bumpers. It did look well, though the following E34 looked more purposeful.

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They were a fantastic car back in the day and a good one is still a decent thing to smoke around in. But when an M535i cost the same as a decent E39 M5, you know they're too much money. They were good, but not that good. They're also very needy if you intend to use it regularly. 

 

I can see why an M5 might be worth 40 grand or so, but when they're being touted for 70-80..........nah. That's Ferrari money or a very nice 911. Too much emphasis is placed on 'wossit worth mister' cock waving and not using the car for its intended purpose. 

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These cars are old and rare now so not really going to be bought to be a daily driver.  They are owned by people who love and cherish them for what they are and if they become "valuable" so what!  Sounds like some people are jealous.

6 hours ago, duncan-uk said:

classic market is due a realignment and people are going to get stuck with stuff they’ve paid

Realignment with what?

 

 

 

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E28 Indeed, a very nice car on it's launch, if not too similar lookwise  to the outgoing E12, and comparing very well with competitors cars, Jaguar, Rover SD's, and Audi 100's, for driver appeal, how many 1980 versions of those are still with us. Yes, BMW build quality was on another level back then compared to other manufacturers.

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49 minutes ago, greenelekta said:

Realignment with what?

 

That a lot of money is being asked for some fairly mundane stuff and that needing work on the basis of a boom over the last few years

 

The high end market has softened and I expect that to trickle down. 

 

Anyone who has gambled on something less than perfect and asking strong money will be left wanting. 

 

Look back to the late eighties when stuff went mad. Things like tr6s doubled in price seemingly over night so lots got restored at great expense. 

 

The markets crashed and they sat at that price point or less for 10-20! years

 

Yes very nice and interesting stuff has a value but a 520i isn’t worth £6k in my book. 

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We are not in the eighty's now and ordinary enthusiasts not speculators have more money to spend on nostalgia. So not the same now as then. What's mundane to you is not the point

 

 

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But the timescale matters. I think there are too many people speculating and when that happens lesser stuff tends to be over valued. 

 

There is a price limit on nostalgia and I think people will catch a cold. 

 

Any market that’s beeen racing along will eventually stagnate. 

 

If you enjoy  the car and can afford to keep it then all well and good but I’m seeing the same stuff still for sale for long periods. 

 

By a car because you love it /want it. If it goes up that’s all well and good but jump on the bandwagon and some buffed up e28 will cost you in bringing up to snuff. 

 

 

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I’m not knocking anyone. I love the  e28 still. 

 

As as an example I sold my 525e in 2015 for £3600. It was a very nice car with a good spec and needed very little 

 

old colonel cars sold it within the last year for about £5k so thats a private vs dealer sale so in 4 years it’s not made much when one assumes it had some money spent in between. 

 

I dont see how a tidy 520i is now worth £6k privately today less than a year later. 

 

Just giving my take on the market. 

 

You have yours, it’s differnt. that’s fine. 

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You're missing my point, I'm not being negative about our cars, just the market in general.

 

You said your view is based on experience, as is mine.

 

Buy whatever tickles your pickle to enjoy at a price your comfortable with if they go up that's a win.

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