25 November 2003

Owners planning to turn a profit from selling on one of the first BMW M3 CSLs are being left out of pocket.

Used buyers aren’t biting as well as the ‘carpetbaggers’ predicted, and rather than pay over list price for used examples of the lightweight 160mph CSL coupé, they are starting to settle for trade-in prices of around £50,000 for delivery mileage examples.

Tony Halse, of independent BMW specialist Munich Legends, isn’t surprised that the CSL’s investment potential isn’t being fulfilled: ‘I’ve had loads of calls from M3 CSL owners wanting to sell,’ he told Autocar. ‘A lot of people got excited about the CSL arriving and placed orders.

But the reality is there’s not enough real-world difference over the standard models and used buyers aren’t justifying spending the extra over the standard model.’

Plenty of classified ads are still showing CSLs at list, but prices are starting a slow, downward slide. Best of the deals we spotted was three grand shaved off the £58,455 showroom price on an1800-mile model being sold privately. But many experts are predicting that prices will fall within weeks because so many examples have started appearing on the used-car market at once.

‘Prices have a long way to go and most of my customers have been saying that they won’t be buying CSLs until they’re down to the 40 grand mark,’ Halse says.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • First Drive
    23 March 2018
    Fully-loaded, big-hitting diesel CLS shows the potential perils of ticking too many options boxes on your order form. A good car with a bad suspension combination.
  • BMW M5
    First Drive
    22 March 2018
    Super saloon deploys four-wheel drive to improve every facet of its driving experience. Faster and more capable than any, and more exciting than most, of its celebrated predecessors
  • Range Rover Sport SVR
    First Drive
    22 March 2018
    More power and an intoxicating soundtrack have breathed new life into our love affair with the biggest, baddest Range Rover Sport variant
  • First Drive
    21 March 2018
    The new Vantage has been developed as a Porsche 911 beater, and our first taste on UK roads suggests it can live up to that bold claim
  • Nissan Leaf Tekna
    The is the new Nissan Leaf
    First Drive
    21 March 2018
    The new version of the world's best-selling electric car gains a bigger battery and more power. How does it compare to rivals such as the Volkswagen e-Golf?