My 6 year hunt for the perfect BMW M1
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- čas přidán 24. 01. 2021
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#BMWM1 #CarHunters #CarSearch - Auta a dopravní prostředky
"they were around 70 80 grand, then they went up but not by much"
"i paid two hundred grand"
@Greg Hober in rare car money thats not bad, other cars would've gone up more in value
that must be compared to the amount that his one costed him in 2018
I was so confused 😂
Worth it, you have a legend. Best looking M car ever.
LOL I know. The value tripled.
Last time I was at Canepa they had a gray M1 Procar that had been totally gone through and restored. It was spectacular.
Big ed
Enormous Ed
Ed when will you unveil the diablo??
@Gage Smith he got Diablo?
@@Spdracer yeah he got a diablo vt roadster, delivered same day as hoovies but different car
He said “the car was taken from me” like he didn’t sell it
Hes the very type of person that ruins car values.
Its all about getting that cool car, keep it for a bit, then sell for another high profit. To many, its the purchase, not about the car. They don't care about the driving experience, they only want that bragging right and positive investment
Yeah, this guy is a jerk off. Guaranteed he would want to buy it back for 175k.
I strongly suspect Rabbit would disagree with only a 10% up-sale...
10% is a terrible profit goal.
@@bryanmauser9993 restaurants are at 3-5% profit
@@FishFind3000 what restaurant are you running bc those are horrible margins
@@Thedisastermaster9 That's why most restaurants go under.
@@FishFind3000 yeah that's because restaurants arent as profitable in that form, it isn't capital appreciation its sale of goods. Used to own restaurants and ended up at around 5%-8% varying year to year. In property now and don't get out of bed for less than 20%, different industries, different investment amounts, different margins.
Im confused didn’t he flip it immediately for an 18k profit when he told that dear friend that he would keep it for a long time. Why is he mad that he gets served what he dished out
Exactly
Narcissists don't see their own hypocrisy.
because he thought the guy would sell it back to him, he said he would find it a good owner to go to to the the person he bought it from.
Karma is a "B"
He’s a car dealer. I’m sure he didn’t think he was selling it to this guy’s personal collection.
So this is the guy that made E39 M5’s and E46 M3’s so expensive now? Thanks a lot
No that would be the old group of M engineers in Munich that built bad ass cars who are to blame 😡
@@jameswillard1 and the new ones who only make unreliable, soulless trash
Yes, his shop has been flipping BMW for years at this point.
They're really affordable right now. A nice example of each can be had for $20,000 all day. This guy specializes in taking a nice example, making it pristine, and then selling it for 2.5x profit. This is for affluent folks who want a perfect example of an M car that they can drive without having to replace any parts that are fading or in need of maintenance. There are plenty of buyers in that market as seen by EAGs success.
@@tass2001 spot on, if you're not a DIYER it's a pretty good way to go too even if you aren't ultra wealthy. The maintenance costs on these cars is obscene.
That red is now possibly my favorite car color ever.
Disregarded a friend, then upset a customer disregarded him
Now I’m sure that Tyler Hoover is going to start looking for cheap M1s now
He'll get it for $13k but the wizard will find about $150k in repairs on it.
Given my family has owned 2 M1s over the years, it’s saddened me how this guy managed to make the subject of BMW’s mid-engined supercars unfathomably dull...
Absolutely. Mentions the throwaway comment that they look like a Lamborghini. Doesn't say anything about the fact they were developed with Lamborghini as BMW didn't build sports cars at the time. He was more interested in the money side of it from how he spoke.
M1s were dull to drive, federalized cars were woefully under-powered by todays standards or that of the late'70...and Lamborghini's involvement all but guaranteed they were built like s**t. This is def a case of looking through rose colored glasses.
@@Carrera6rennsport Lamborghini also went bust during the process which didn't help.
The story wasn't about the car It as about him. Replace BMW M1 with a Gibson Guitar and its the same story. That why it was a boring story.
@@Carrera6rennsport Then explain why everyone and every publication since have loved the how the M1 drives. It's the pinnacle of balance and smooth drivers experience.Again from every publication during of period and in retrospect have nomination the M1 as top 10 or top 5 drivers cars from the 70s or one of the greatest drivers cars of all time.......yea sure a little slow with it's power level... But dull?? Lol yea with a whaling m88 behind you....yea right.......
Title should be, "businessman sad about how business works."
Everyone wants "courtesy" only when they'll be on the receiving end.
That or 'Guy regrets flipping his dream car within a week of ownership, finds someone else to blame.'
I'm stunned that he finally gets his "dream car" but doesn't even receive and drive it. He actually diverts the bloody truck to the new owner! What a D**k!
I remember back in high school a classmate of mine dad had an M1 that he gave him before going to prison. (I think he was in the international pharma trade). It sat in front of the local restaurant in a town of about 1,500 population.
Woooah
Cool story. Know what ever became of it?
By the way we're M1s worth huge money back then??
@@straightbusta2609 They were supposedly pricey, but not special edition Ferrari-markuedp kinda pricey.. Maybe somethin like what an Aventador would cost now.. My uncle's business partner had one back in Europe.. Don't know whether he still has it in his possession tho
@@rahulsudhir666 oh okaay
It didn't "get away", you sold it. Quit crying because you made a deal to someone who made money on it.
Seriously dude. Wanted to turn the video off after hearing him bitch about it.
@@TASTYTREATSPLS And the idea he was insulted that instead of the customer selling it back to him at a favorable price, the customer sold it for profit. LOL
Half the people on vinwiki are irrational crybaby’s
@10:59. "Taken from me, so to speak"
In 1996 fresh out of college and with a new loan for a Ducati could barely afford, I could have also purchased a Guards Red 930 with 40k miles for $22k. Went back the next weekend and it had sold. Car is worth $70k-100k today? Still rue the day that red 930 was "taken from me" /sarc
I've loved this car since I first saw a picture of it in 1982.
I've been lucky to see two... an orange one on the road and a purple one parked at a shopping mall.
The purple one had drawn a small crowd and it had handprints all over it.
People have no respect for someone else's property.
I had the joy of driving an m1 in 2008 that had 500km on it when I was a detailer for don rosen imports. It was ordered for pete rose and was never actually purchased. It is literally a garage find. It auctioned off a few years ago. Probably one of the cleanest examples on the planet.
I was the Valet working the hotel that night during BMW Oktoberfest 2018. If you guys want more pictures of this M1 i have some! Just let me know. Gorgeous car and Eric was such a nice guy. Easy to talk to and just loves sharing his passion for the hobby
Bro let's see those pictures
@@roiberduran3799 How can I link them on CZcams?
@@tylerclark1772 insta perhaps?
@@karread3589 I made an imgur post but when I post the link it gets auto removed. 🙄 Oh well
This is by far my favorite BMW ever. i saw an M1 in my local BMW dealership hiding in the service area maybe 15 years ago. it was owned by the owner of that dealership. i knew it would be a priceless classic.
And now he’s gonna sell it for 200% of its current value
then complain later on that the buyer would not sell it back to him LOL
So let’s see, guy buys his dream car at an outrageous price.
Guy then sells said car for a meager 10% profit to a really rich guy.
Rich guy sells the car and gets a 50k profit on it.
This guy is then sad rich guy sold the car and is acting like rich guy owed him something.
Well, shouldn’t have sold the car in the first place buddy.
Its extremely fair for him to feel this way. Its a pretty solid gentleman's rule in the car world, to always give the previous owner an attempt to make an offer on a vehicle before selling to someone else.
It's almost an unwritten rule in high end hard to source car society to give the seller first offer to buy the car back.
What he did was a fucking prick move and burnt a bridge that just may come back to haunt him one day should the seller come across a car that he wants and can't get... That would be when a lesson was taught
And yet he did it to his friend
@@EDCandLace You mean it was the same prick move this dude did to his friend that he bought it from. I doubt he called his “friend” and said “Hey, I’m going to sell the M1 I just bought off of you and promised to take care of for $18,000 more than I paid you last week, do you want to but it back at that price?”
@@dakotanaylor9037 Do you think he gave his friend the opportunity to buy it back mere days after telling said friend he was going to take good care of it?
Back when I was in high school, I used to see an orange M1 driving around periodically, I think the owner lived in a neighborhood near mine. It was the first one I'd seen in person, and I don't think I've seen one since. It was immaculate. I still live in the area and haven't seen it since around 2012 or so, I think the guy either sold it or moved. I miss seeing it driving.
Wow that was excruciating. Hey I kinda had a chance to buy my dream car but I didn't really. It got sold to someone else... but here's a list of other people who but and sold similar cars until I was finally able to buy the car. And that's my M1 story! Sometimes Ed, I wonder what rock you find these guys under.
As a BMW enthusiast.. this guy is the extreme end if the spectrum lol.
Never thought thered be vinwiki stories from local to me, i went to school at scarlet oaks across the street from their shop. Crazy as hell
"Automotive Attention Deficit Disorder"...AADD...I love it! My wife always complains about my buying and selling cars all the time that I am never satisfied. I try to tell her that is not it at all...just want to move on to the next thing as I cannot afford to keep them all. I will have to remember this next time I buy something...which will likely be soon.
"....let's just say.....I know a guy......I mean, I'm kind of a big deal..."
Ed (behind the camera eating pizza and crushing a can of beer): "......huh?.." lol
This guy says that the value jump from 70k to 200k was "not that much". Wtf
being a spoiled rich kid must be nice
@@scooterdogg7580 rich doesn’t always equal spoiled.
When talking this level of car and car values that is a relatively small jump over the years... It's not a small jump in dollar amount but when you are talking about when for example F1s have jumped 20 million or better in the same time span... So don't look at it as hjm saying 130k is not much money but rather look at it as him saying for rare and hard to source cars that kinda price jump compared to what some are jumping its not that much... And he is 100% correct with what he said.
This snob is tiresome. He just can't realize that when he sells a car, it is no longer his car. I would love to buy a car from him and LS swap it. Then drive it to his shop and offer to sell it back to him. It would be fun to watch him cry.
YES LMAOOOOOOO
I was thinking the same thing as I was watching this video. If the new owner wanted to use the M1 in a demolition derby, then the new owner has the right to do so. It's his car, his property. No different then selling a house. If you sell your house to someone, it's no longer your house. The new owner has the right to paint it a different color or change the landscaping. You can't whine about how the new owner messed up your house.
there's a certain value to cars like these that go slightly beyond a car and I fully understand why. Especially cars like this and one which are prototype homologation cars, these aren't cars they're museum pieces, living art.
I would hemi 5.7 swap it just to absolutely destroy him
The attitude is what makes this guy so different from John Ficara. Both have a tremendous appreciation for these vehicles, but they manifest it in completely different ways. John does it in a much more fun, boyhood wonder-like manner. This guy just reminds me of a Wall Street fat cat that can’t stand to have anything not go his way.
Damn I just woke up and 11 minutes in I’m ready for bed again...
looooooool
The M1 is just the holy grail of BMW! Absolutely love it!
z8 is close to it and the M roadster is my favorite. The M roadster video by Ghost Rider was flying
507 is a spectacular BMW.
What ! Thus guy purchased am M1 from a friend on the premiss if was for him then immediately flipped it for profit, what is decent about that ?
Then was sour af that it was not sold back to him later on......................................I mean.......wtf. Do not take the risk in the first place and keep the fucking car. DUH
The worst part was the hypocrisy of being upset that the other guy sold the car too.
He didn't say he was keeping it for himself, he said it would go to a good home.
Um, he told his "dear friend" he was keeping it....
This guy hooks viewers with an intro about how much this car means to him. Then, plot twist, he sells the car without even seeing it for 9% profit. Is this a car enthusiast channel or a capitalism enthusiast channel? Also: people rich enough to pay $70,000 or 35% more for a car than it was worth 6 months prior have really raised the cost of this hobby in the last 10 years.
So you’re upset he’s a car enthusiast with a brain and priorities?
Exactly what I was thinking. He goes on about buying it from a “good friend” and how he will take care of it then flips it before he even takes possession of it. Best part? He then gets pissed because the guy he flipped it to flips it!!
@@ASennaFan he told his friend “I will make sure it goes to a good home” and he even stated his business was just starting to make some money but wouldn’t have been able to afford to keep that car even if he knew the buyer was going to do that. Basically he made the business purchase to try and keep this car in his network so one day when he made enough money, he could buy the car
Kinda like new console horders buying them all up and putting them on ebay for 3x's the price. If people are willing to pay it....not much one can do but sit back and watch.
I don’t have a problem with him being a capitalist, I have a problem with him acting like he deserves some sort of professional courtesy on the other end. Kind of narcissistic.
I've ridden and driven one. A friend of mine sold his many years ago for $70k. Last look, it's flipped several times for hundreds of thousands of dollars.
Eric is only 40??!! No way! He looks at least 50 LOL
I’m 40 and definitely don’t look a day over 39.
RIP Eric, we all miss you!
Thought I understood the car culture, but not this lunacy. I find it interesting how he can buy a car from a dear friend, promise the guy it will stay with good people, then sell it at a profit without even seeing it himself, and still somehow the next guy is a horrible person because he bought a car that had no personal sentimental value to him and sold it again for profit.
This guy's business model pretty much involves rebuying the cars he sells. Just because he sold it at a profit doesn't mean he wouldn't pay more to get it back. Typically when the market value goes up the owner sells back to him at a profit. Dude straight up cold calls him to tell.him he made a profit off it. That's what makes him a horrible person. Why would anyone call up someone that asked them to for first right of refusal to gloat. Just don't ever talk to him again. You already burned that bridge why pour fuel on it?
@@Rainmotorsports I agree, that cold call was a lousy move.
My ears perked up when you mentioned Bill Jacobs. I grew up 10 minutes from the Bill Jacobs dealerships, my mom bought her MINI from them and I worked at their BMW dealership as a porter for 2 years in high school. Great groups of dealerships and as you said his son Kevin Jacobs is an awesome guy. I hope to be able to buy a BMW from them soon.
I got a 2001 Chevy Tahoe today. Been looking for a nice one for a really long time. I’m really excited. Finally found the right one for me I can’t imagine how this guy feels. Congrats Eric. Really happy for you.
I always liked the M1s but my bank account doesn't like it very much😂
This guy is such a crybaby dude. Bet he’s a cool dude but these “stories” are just him whining about what other people do with cars he sold like he owns the rights to them. 🙄🙄
I'm basically a BMW geek, but yeah... I agree, if you sell it, you sell it. I mean yeah, he's built a customer base that trades in and out and that's working for him, but some people aren't always going to return. He's not BMW offering lease vehicles like a GM EV1 or something.
I offered to sell him a car, he low-balled me and whined about all the money he would have to spend to make it perfect (he's never seen the car, its 2,000 miles away in my possession) then I decline his offer, and post it on bringatrailer. He sends me nasty messages about how we had a deal and I back-stabbed him. I laughed, and sold it for $11k MORE than he offered (50% above his offer). Never going to offer him another deal.
@@justrolledintotheshop While it is probably impossible to verify your story, watching this video it definitely seems plausible. I watched most of the video before venturing into the comments, but they more or less mirror my opinion.
@@justrolledintotheshop he's the type of guy thats after the increasing value, not the car itself amd the joy if its driving experience.
He's the ugly underbelly of the car community or car enthusiasts. They're after the next cool car and their increasing value. And maybe the bragging rights, but absolutely nothing else about the cars.
Then they bitch about getting cheated out said cars. But only because they can't get a return on their hopeful investment
@@justrolledintotheshop what kind of car
I love looking at your cars! They always look perfect, and show where the market is on the e39
Awesome seeing you here Eric. This is Christopher Feeny. I loved the 2006 M3 ZCP you sold me. I ended my search for the E39 M5 getting into a 2016 Cadillac CTS VSport a year ago. Love the car. It's not stock, but very E39 M5 like.
In 1985 I brokered an M1 deal, chassis #309, if I recall correctly. It was henna red with black interior, 20K kms. Got to deliver the car to a Columbus, OH BMW dealer (drove from Boston)...what a blast! It topped it out at 161 mph...got just one speeding ticket along the way but cop almost let me go because he had seen one in race trim at Mid-Ohio, and wanted me to show the engine etc. Instead being sent to jail for doing 161 mph, he gave me an itty bitty ticket! Cool cop!
That’s already a better story than the one in the video!
I saw that same M1 at Sebring in December of 2010 at a vintage event. Stunning car to say the least.
**normie: see's red car
Nice lambo bro!
Thiscanbered
After seeing this video, although I love BMW in white, the shot you showed of the red M1 is just sick. Looks like a matte/metalic kind of paint/finish from the picture. Great story and video.
I got to drive and paint repair one, in la jolla cali white 20 thousand miles original owner , it jus had a few paint blemishes. A cool old italian man with great taste.
So glad you got your M1, it's a unicorn car for me, I've got 6 BMW's in my collection, but nothing like the kind of cars you deal with, thanks for the story, Rj in Oz 2:15am
I have seen a few BMW M1 in person, they are really quite neat. :)
only got to see one that was held privately in the Chicago area, it was so insanely cool but I was too young to appreciate it as much as I should have.
@@von... I was also very young when I saw them, but I think it may have been just one or two. I think I‘m confusing a few with some Z1...
Wasn't a huge fan of this guy's last story but he's starting to grow on me. Keep up the great work!
Really enjoyed this story, thank you!
Interesting story of an auto enthusiast, I liked it very much. Thanks Ed and VinWiki.
Glad you enjoyed it!
The only guy that enjoyed this video ^
These guys have had some insane examples of BMWs for years. My friend bought a super clean e36 from them about a decade ago. It’s awesome to have someone local that takes these cars seriously.
When I was in high school, my first job was at the pavilions gas station in Scottsdale Az, there was a gentlemen that always brought his white M1 in, one day heading home I saw it got wrecked/totaled at Indian bend and Pima. Circa 2005/2006. Sad to see it, owner was beside himself
Have you checked out the M1 that Dennis Collins recently restored?
Rest in peace Eric Keller
5:02 "I know a guy..."
One of the M1 art cars is/was at BMW of Southampton it was a real treat to see it in real life.
Imagine being butthurt someone sold their own car to someone else
saw one of these at an event when i was a little kid. almost got a ride in it. but didnt happen. got to ride in some MG oldtimer, on old military runway. still remember it like yesterday
Day 1 asking Vinwiki to bring people talking about how they became a car enthusiast
Yes
no thanks. too booring
I wish they would do something when people come on the first time. Like the same 5 or 10 questions everyone would answer to let us know who they are, etc.
Guess how?! Fallin in love with one of them.
I remember a beautiful white M1 in Corpus Christi, Texas in the 1980s. Saw it many times parked on the T - heads on the bay. So memorable ....
The M1 was the only car I could ever draw as a kid and still is. Mainly due to having a model of the Basf M1 racing car. I love the shape of them. Apparently Paul Walkers is up for sale soon. Also Dennis Collins had a good series on coffee walk restoring one he'd bought in white.
I was fortunate enough to see one many years ago at the Northwood Car show in Midland, MI. This would have been back in the 90’s.
Great story, I remember well when they came out, this was a VERY bold car for BMW to do in that era!
ive driven as a codriver on the nurburgring in one of those. one of my best experiences
Love the M1! Great story! :D
Dennis Collins has a nice M1 right now. Dennis would be great to get on the channel actually. Steer clear of Richard Rawlings though. Dbag Deluxe.
It goes without saying that Richard is a... Well, a Richard.
Dennis will be on at some point. Great guy.
@@EdBolian awesome Ed! I look forward to that.
Dennis wouldnt waste his time with the posers here.
There's one M1 in Puebla Mexico, white, beautiful, it belongs to the owner of the BMW dealership there, he has a collection of an 850CSi, A Z1 and a beautiful Z8 alpina.
Love the m1 such a beautiful car
Great vlog!!
Looking in my records it had lower miles than I said earlier it had about 12 thousand miles on it , lucky me to have had that experience.
This is crazy but I think I’ve seen your m1 at the Charlotte motor speedway auto fair when I was a kid. I was hyped to see it.
That thumbnail was incredible! Gonna do that with my ‘78 Sierra today!
I had a customer on my old paper route that had a blue M1. It’s a really cool looking BMW.
This is just list of people who sold cars to other people combined with a list of people who passed ownership of the sales list to other people.
I'm sorry, but why were you expecting to buy it back? If you wanted it, should have kept it. Or sell it for good.
I'm guessing you were already familiar with his business model before this video. Unfortunately plenty of individuals will shake their head and say uh huh and then not stick to it. But they do so burning a bridge with an organization that buys sells and buys back some of the best condition BMWs you'll ever find.
@@Rainmotorsports I mean, if the guy was able to make 50k selling it to france he would surely not have made as much selling it to the guy in the video. To me yeah it's a handshake deal to sell it back but with that much money on the line, the owner has no reason to be giving 50k to charity by selling it back to the person he bought it from...
@@rp003.0 your car do what you want with it but making a call to do nothing but gloat? Guy asked for a heads up. First right of refusal means you offer to let them buy it. If its not the 50k profit you are looking for then it goes to the guy in France. There really isn't any harm in making the call. But if you aren't going to make the call don't be a dick and make a gloat call instead.
@@Rainmotorsports yeah I agree
You must be new to vinwiki....
Hello from Punta Cana excellent Channel
Eric has great stories, but his storytelling is lacking, particularly in being able to keep the audience captive. No hook, just a line and a sinker. But I'll watch them nevertheless
Great story, thanks for sharing.
Won a ride for a couple of hot laps at Lime Rock Park during the BMW Vintage Festival in an M1 Procar.
I know where two, one very nice and the other pristine from what I could see z1’s near me. I don’t know why but that car is very cool to me being it’s a sports car but the doors drop into the body....the wow factor they give you is pretty cool for an old BMW imo.
I'm a BMW nut, I love the M1.. I just don't care for the dual emblems on the rear... one would have been just fine..
I've been and worked and had for the weekend 81m1 purple back in 08
3:26 - That line about courtesy and human decency. That is impeccable in business and allows you to go very very far people. I'm really liking what I'm hearing here Eric!
Exactly. What happened to good business? People ruin a relationship for a few grand.
I'd have liked the line better if he hadn't bought the white whale from a 'dear friend' and flipped it before he'd even got it home.
I actually saw one of these, in red, looking through the glass of the Palo Alto BMW dealership while riding my bicycle around back in the day.
Unfortunately he has single handedly destroyed the E39 market. They are trying to sell low mile ones for 100k plus which is absurd
I saw this car at Oktoberfest in 2018 in Greenville, Sc. Super clean car!
Hey thanks for sharing your cool story with us.
Thanks for sharing this interesting story
When I worked at a gas station always had a guy pull in with a M1 had no clue just how rare of a car it is.
These guys are close to where I live, cool to see them make it on vinwiki
Hey Eric! Bought an e46 LSB M3 from you a while back. It's still down here in Georgia. It's a fantastic car, I still have it, still running strong!
Incog Nito make sure you let him know before you sell it...
@@71spud but I wanna make $50k! XD
The amount of great examples these guys have had over the years is crazy. LSB M3 was my dream car for a long time.
@@kilo-watt Yeah they had great cars there. They also treated you exactly how you would want to be treated buying a car. I commented on the awesome BMW shirts and keychains they had around and they told me to pick out whatever I wanted - Free with purchase of car! They didn't have to, but it meant a lot to me.
EAG has done the exact same thing to many American buyers. What goes around, comes around.
Canepa is a fun place to go. Last time we went my dad got a Shelby.The only reason we were in California was to pick up my 16th birthday gift. about an hour away. Other than that I hate going to California. That state can fall into the Pacific.
Brother got his M6 in Spartanburg. He’s stationed not too far from there.
This is basically the same thing that happend with the Travis Scott M3
He sells someone a car and then gets pissed if they do something with it that he doesnt like
Dennis Collins with Collins Brothers Jeeps has a real nice M1 possibly the nicest one original in the country
Seen the videos Dennis Collins has posted about his, think when that is restored it will probably be the best in the world due to the level of detail he is going to
Its done and is probably one of the best in the world not just the US
One time i was playing a heated doubles ping pong match. I stepped on the only ball and the rec room closet was locked. Ghastly.
This guy tells stories like aviation weather tells the forecast.
I was lucky enough to see the always evolving/paul walker M1
I did find one for sale a while back on the east coast with the same criteria but i think it sold last year
I know a Person that owns an M1 with under 200 miles on the odometer, he also has a Bugatti Atlantic, a Miura, a complete collection of immaculate historic racecars and historic streetcars