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.

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‘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.

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