Doug Demuro says now is the time to buy an e46 M3, before values sky rocket

[ELEM3NT]

Dodge. Man at times I look at the scat pack chargers, especially the wide body, and think I could buy it but there is some part of me that just won’t let that thought linger. Just so dang big.

Right there with you. That car catches my eye every time. I once rented a Hemi Charger when traveling for work and that definitely cooled me down on the car. Or should I say, on the brand. Obviously not directly comparable to a Scat Pack but the driving experience was just.....blah. Shouldn't have been surprised but I had higher hopes for some reason.

[erickhoyos]

I had a gen 1 Jeep SRT8 back in the day. Used to run blizzaks in the winter and that thing would pull 5 sec 0-60s in 6 inches of fresh snow. Fun ride.

Buy your Hemis now as Dodge is supposedly going all electric. The Hellcat replacement is something like 880hp full time AWD.

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This. Gen 2 Lightning, Cobra Terminator, early Charger/300 SRT-8. These cars were beasts in their day and still are today. Prices are starting to go up and it’s hard to buy a stock Termi without an asking price of 28K and up. Might just go for a 4 valve SN95 Cobra since they’re still relatively cheap at around 10K for good examples. They aren’t very attractive though…

As for Stellis going electric I wouldn’t doubt seeing an electric/hybrid variant of the Challenger that makes like 1,000 HP. Definitely a possible goal, unlike the electric Hummer that claims a torque rating of 11,500. Like… huh???

[Phoenix///M3]

I had a gen 1 Jeep SRT8 back in the day. Used to run blizzaks in the winter and that thing would pull 5 sec 0-60s in 6 inches of fresh snow. Fun ride.

Buy your Hemis now as Dodge is supposedly going all electric. The Hellcat replacement is something like 880hp full time AWD.

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[oceansize]

Can we just get back to arguing about E46M's and the fact that I forgot all about the Jeep SRT8 I test drove 15 years ago until I watched Doug's video, and now I'm having strange desires

Dodge. Man at times I look at the scat pack chargers, especially the wide body, and think I could buy it but there is some part of me that just won’t let that thought linger. Just so dang big.

[m3nt0s]

Can we just get back to arguing about E46M's and the fact that I forgot all about the Jeep SRT8 I test drove 15 years ago until I watched Doug's video, and now I'm having strange desires

[Bgexpress]

100s are beast. I sold my 120 with 250k miles, they just keep going.

Agreed!! Mine hit 276k today. I work in land development, have it off-road every single day and it never skips a beat.

[02_lsb]

Thanks for sharing, made me feel good about my current stable; 100 series land cruiser for work, M3 for all the fun stuff!

100s are beast. I sold my 120 with 250k miles, they just keep going.

[Icecream]

only 43% in 5 years?? dang that sucks. i'm up 300% in less than 4 years. like i've always said, west coast = best coast. there is no "bubble" here, maybe on the Least coast, but not here. good luck hustling for equity.

You think you're invincible, cute.

[Bgexpress]

Thanks for sharing, made me feel good about my current stable; 100 series land cruiser for work, M3 for all the fun stuff!

[oceansize]

Good thing we listen to you about E46s and not housing.

Are you going to move to a location with a significantly lower cost of living in the near future? If so, how far away would that be? You in a line of work to have that sort of flexibility? Or do you own a house in Malibu or something where you could travel 30 minutes away and buy something much much cheaper? Are you a flipper? Or is your planned time to cash out a decade or two away?

[dr_011]

300% up in 4 years and you think there’s no bubble?

I think you may have a rude awakening in your future.

Good thing we listen to you about E46s and not housing.

[heinzboehmer]

I have agreed upon value insurance through State Farm and I don’t recall them ever mentioning anything to me about mileage or needing a second car. All I had to do was give them a copy of an appraisal.

Hmm I'm pretty sure they denied me because of the no daily thing, but I'll give them a call again. Thanks for the info!

[repoman89]

To the guys who say "houses are not good investments" and "an index fund outperforms a house value over time"... is it still true when you take into account the rent you'd pay for a similar home and all associated costs of living as a tenant? You gotta pay for a home one way or another: Own or rent. So its a fixed cost which probably needs to be accounted for when comparing investments

Absolutely true, there are tons of factors to consider and it’s pretty highly region dependent. In my experience rent on a nice place is cheaper than a mortgage. Also keep in mind that as a homeowner there are going to be lots of extra costs that you don’t pay as a renter as well. For example we’re going to be about $20k deep this year into repairs and upgrades — redoing the basement after a flood, needs a repaint, couple other optional things. I had an apartment that I used to rent flood about five years back and I couldn’t have cared less because it wasn’t my problem … paying for it myself is slightly more irritating.

On the other hand the neighborhood is great and everyone here owns their house, so no rentals available anyway. I can do whatever I want with the place without asking anyone (which is the main draw for me personally). And the mortgage payment stays fixed while rents may increase.

But the point stands that the value of the place doesn’t matter. If it increases — so what? That means every other nearby place’s increased too, so if you want to move you haven’t made any money in the end. Plus the cost to capitalize on any value increase is extremely high, between realtor and lawyer fees, and possibly even capital gains tax if you made any real money (>$250k).

[keljos]

To the guys who say "houses are not good investments" and "an index fund outperforms a house value over time"... is it still true when you take into account the rent you'd pay for a similar home and all associated costs of living as a tenant? You gotta pay for a home one way or another: Own or rent. So its a fixed cost which probably needs to be accounted for when comparing investments

I consider those separate issues. Renting vs buying a home has clear trade-offs, particularly over the long-term. If you had a fully paid off mortgage you’d certainly have more disposable income to invest in other assets, although that comes back to the rent vs buy question in my mind, not the question of whether real estate is a better investment than stocks/etc.

[yhp2009]

To the guys who say "houses are not good investments" and "an index fund outperforms a house value over time"... is it still true when you take into account the rent you'd pay for a similar home and all associated costs of living as a tenant? You gotta pay for a home one way or another: Own or rent. So its a fixed cost which probably needs to be accounted for when comparing investments

SOrry if this is off topic... just this question always stuck in the back of my mind might as well ask now lol