How to Flip an e30 M3 in less than 6 Months

Looks like we were right in assessing this e30 M3 I listed in September as a great buy — because it’s now listed in Seattle for over $6k more!

Check out the new listing for this 1991 BMW e30 M3 for sale on Craigslist:

1991 BMW e30 M3 Alpineweiss For Sale

quoted from CL ad for archive:

For sale is a very rare car in excellent condition! Only a few hundred M3s were imported to the US during that last year of production. The car is very stock with only a few modifications. Here’s some basic info about the car:

Mileage: 118000
Color: White (Alpinweiss II)
Interior: Black Leather
Engine: 2.3L S14

Add-ons:
Korman chip for better mid-range performance
E36 OEM BMW Business CD Radio
Short Shifter
Staggered wheels (bought for over 1500$ on eBay!)

Recent jobs done on the car:
Front Right Wheel bearing
Complete tune up:
– wires
– spark plugs
– coil
– air filter
– ignition rotor
– distributor cap

Defects:
Scratch on the hood
Crack on the dash (a dash can be bought for 100-150$ and is rather easy to install)

I checked the engine and it has perfect compression on all 4 cylinders. Also it doesn’t leak any oil at all. The mechanics on this car are really in an awesome condition. The tires on the original wheels are practically brand new. The ones on the car have some wear but can go for lots more miles. The brakes are almost new as well. The accessory belts should be replaced soon. I already have them and I was planning on replacing them in the summer. It’s a real easy job if you have some DIY skills. The car just passed the emission test with flying colors which also proves that the engine is in excellent health and very well tuned. As for the body it is in very good shape. No rust at all. The interior (other than the crack in the dash) is in perfect condition.

Pictures:
http://s136.photobucket.com/albums/q183/tcheb/M3/
http://s136.photobucket.com/albums/q183/tcheb/M3_2/

I am open to offers.

I like how he’s even recycling the previous seller’s pictures!

While I thought this car was a fantastic buy at $12,300 the first time, I’m not so enthusiastic about $19k. It’s not that I’m opposed to someone making some money on a good buy, but a big part of me is disappointed a real e30 M3 enthusiast didn’t land the car the first time. Maybe one will this time…

dc