Exactmax wrote:Thanks for everyone's input - it just makes me really sad that such a great car isn't worth much! I really enjoy driving it and of the principal now that I might just keep it and eventually it will start to gain value (at some point lol). I don't have the original wheels any more so that's a shame!
In terms of the modifications, BMW said nothing about the upgraded wheels but they didn't see the car in the flesh. I did have the same problem when I was trying to P/X it with BMW. They said that would have to put everything back to stock in order to sell it.
The argument for keeping it is strong, I doubt it will be a future classic although some are speculating that the M's will be. I would say these cars or at least the 2003-2004 ones are at the bottom of their depreciation curve. Over the 3 years that you've owned the car it's probably lost a little bit less every year so £3k first year (bad due to you buying just as the new model launched) £2k next and £1k in the last year. If you hold on to it you probably aren't going to loose much more year on year.
FWIW I just bought a 2003 3.0, 2 very anal owners, garage queen with 52k miles for a smidge under £6,500k. It was a private sale but was through a garage as the owner was friends with the dealer. I'm not sure you'll get a significantly better price by selling privately.
Nice car though. I'll do a taillight swap with you if you want to put it back to standard