E46 M3 Prices

E46 M3 Prices

Author
Discussion

e21Mark

16,205 posts

174 months

Thursday 12th November 2015
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I'm looking for sub £6.5k cars now, but there are very few available that aren't convertible or ropey. I also don't want some weird coloured, 2 tone interior.

There's one on here for a mere £4 750 or so, but it's a scam.

LdnShtr

2,929 posts

244 months

Thursday 12th November 2015
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HerrSchnell said:
You ignore mileage and buy on history and condition.

Distance travelled really is no indicator of the quality of the car you're looking at with these and they will run on and on if treated properly.

Both of those mileages will rule collectors out of their resale so forget the odo reading, find the best one you can and enjoy it.
I would second this. I paid £8.5k over 2 years ago for a >100k mile car because it was simply the best one I'd seen. I saw a £11k car with 65k miles that was significantly worse, with the first clue being mismatched rear tyres, one Bridgestone and one ditchfinder because they had picked up a puncture were selling the car soon. That was indicative of how the car had been cared for once I'd dug a little deeper. I'd seen some rubbish at £8.5k even back then. The £8.5k car had just had £2k spent on it and the guy was selling because his pregnant wife had suddenly decided the car wasn't safe enough and it had to go. It was no brainer.

Edited by LdnShtr on Thursday 12th November 10:22

pidsy

8,007 posts

158 months

Thursday 12th November 2015
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mines got 105k and i wouldn't take less that £10k for it.

rb5er

11,657 posts

173 months

Thursday 12th November 2015
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As prices of the new one drop and the e90 drop the M3 will no doubt be on a high bubble at the moment. Soon the most expensive will be at 10k and others will be dropping to 5k.

A rise when the few good ones left become classics perhaps (10-20years time) but I think there will be quite a dip before that ever happens.

John Laverick

1,992 posts

215 months

Thursday 12th November 2015
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When I was looking for mine I only had two real stipulations : Not SMG and Not Silver.

I ended up buying a Silver SMG car because it was the 'right' car. After looking at loads from £6k to £10k there was so much variation that cars costnig £7k were MUCH better than cars costing £10k.

In the end I bought mine (even though it was the incorrect spec.) for £7k and it never skipped a beat.

JB!

5,254 posts

181 months

Friday 13th November 2015
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Cactussed said:
Its definitely an odd market.
I've seen cars with 65k miles for £10k and cars with 100k miles for £9k and all manner in between.
I think some people are really chancing their arm and others are more realistic.

the question is, do you go for a £10k low miler or a £6k high miler?
People asking nearly 10k for 150k+ cars are on crack, I'd rather find the extra money for a V8.

Just missed a Cat D manual coupe, but again he wanted 6k, when 7 bought a non-cat car, I was happy to part with 5...

e21Mark

16,205 posts

174 months

Friday 13th November 2015
quotequote all
JB! said:
Cactussed said:
Its definitely an odd market.
I've seen cars with 65k miles for £10k and cars with 100k miles for £9k and all manner in between.
I think some people are really chancing their arm and others are more realistic.

the question is, do you go for a £10k low miler or a £6k high miler?
People asking nearly 10k for 150k+ cars are on crack, I'd rather find the extra money for a V8.

Just missed a Cat D manual coupe, but again he wanted 6k, when 7 bought a non-cat car, I was happy to part with 5...
Was it in Truro?

JB!

5,254 posts

181 months

Friday 13th November 2015
quotequote all
e21Mark said:
JB! said:
Cactussed said:
Its definitely an odd market.
I've seen cars with 65k miles for £10k and cars with 100k miles for £9k and all manner in between.
I think some people are really chancing their arm and others are more realistic.

the question is, do you go for a £10k low miler or a £6k high miler?
People asking nearly 10k for 150k+ cars are on crack, I'd rather find the extra money for a V8.

Just missed a Cat D manual coupe, but again he wanted 6k, when 7 bought a non-cat car, I was happy to part with 5...
Was it in Truro?
Yep! A non-catted silver manual, 122k, has just appeared at 5850 so I was about right with pricing.

e21Mark

16,205 posts

174 months

Friday 13th November 2015
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Any link?

I'd have bought the Truro car myself if hadn't missed it.

JB!

5,254 posts

181 months

Friday 13th November 2015
quotequote all
e21Mark said:
Any link?

I'd have bought the Truro car myself if hadn't missed it.
Its on Facebook on a selling page, won't be hard to track down, loads of us chasing it, so will see what happens, an elise I've been watching has just dropped in price so just playing the waiting game to see which seller comes back with the info I want first.

e21Mark

16,205 posts

174 months

Friday 13th November 2015
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Couldn't find it. frown

andrewturner

324 posts

216 months

Saturday 14th November 2015
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I sold my 2005 m3 last week for £13k. Had 77k on and was in good but not mint condition. I paid £10.5k 3 years earlier so I definitely think the market is moving. Mine was also black with red leather and manual which helps.

rb5er

11,657 posts

173 months

Saturday 14th November 2015
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E46 market did indeed bubble upwards recently but it will be going down as the e90 and f10 come down, they are more desirable cars.

CRA1G

6,545 posts

196 months

Saturday 14th November 2015
quotequote all
rb5er said:
E46 market did indeed bubble upwards recently but it will be going down as the e90 and f10 come down, they are more desirable cars.
I'll quote you in 2 years.... hehe


e21Mark

16,205 posts

174 months

Saturday 14th November 2015
quotequote all
CRA1G said:
rb5er said:
E46 market did indeed bubble upwards recently but it will be going down as the e90 and f10 come down, they are more desirable cars.
I'll quote you in 2 years.... hehe
I'm not convinced. The E46 has a really strong following and demand for good ones is pretty high. I certainly prefer the e46 over the e90 myself.

rb5er

11,657 posts

173 months

Sunday 15th November 2015
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CRA1G said:
rb5er said:
E46 market did indeed bubble upwards recently but it will be going down as the e90 and f10 come down, they are more desirable cars.
I'll quote you in 2 years.... hehe
Make it 3 years.

CRA1G

6,545 posts

196 months

Sunday 15th November 2015
quotequote all
rb5er said:
CRA1G said:
rb5er said:
E46 market did indeed bubble upwards recently but it will be going down as the e90 and f10 come down, they are more desirable cars.
I'll quote you in 2 years.... hehe
Make it 3 years.
Just look at E36 M3's...! I would say mines probably doubled in the last 3 years...

GregorFuk

563 posts

201 months

Sunday 15th November 2015
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PopsandBangs said:
 
The subframe was checked by BMW  at 49k miles when I bought it and was found to be faultless. They even commented that it is the perfect example of an E46 M3 and the best one they have ever seen, something which another ex-BMW M Certified Specialist Indy told me when I asked them to inspect it for me.  I’ll get the subframe checked again before I sell it (probably in around March 16 and will put fewer than 500 miles on it between now and then) – but I know it’s fine.
 
 
I've got a nice letter from 2014 on BMW headed paper telling me my CSLs subframe is fine. It's currently at Redish being plated up (amongst a heap of other things). I think BMW contract out their subframe inspections to Stevie Wonder, their inspections aren't worth the paper they are written on.


Edited by GregorFuk on Sunday 15th November 12:38

supertouring

2,228 posts

234 months

Sunday 15th November 2015
quotequote all
GregorFuk said:
PopsandBangs said:
 
The subframe was checked by BMW  at 49k miles when I bought it and was found to be faultless. They even commented that it is the perfect example of an E46 M3 and the best one they have ever seen, something which another ex-BMW M Certified Specialist Indy told me when I asked them to inspect it for me.  I’ll get the subframe checked again before I sell it (probably in around March 16 and will put fewer than 500 miles on it between now and then) – but I know it’s fine.
 
 
I've got a nice letter from 2014 on BMW headed paper telling me my CSLs subframe is fine. It's currently at Redish being plated up (amongst a heap of other things). I think BMW contract out their subframe inspections to Stevie Wonder, their inspections aren't worth the paper they are written on.


Edited by GregorFuk on Sunday 15th November 12:38
I think Stevie checked mine earlier in the year. They found a small 20mm crack but would not repair as it was outside of the 10 year goodwill period (but only just).

Had it repaired last week and they found the two front mounting points were very bad, which BMW had not picked up on. But I think the subframe needs dropping to do check it properly.

Mine is done now so that is a weight off my mind (and a four figure sum off my bank balance frown )

CRA1G

6,545 posts

196 months

Sunday 15th November 2015
quotequote all
CRA1G said:
rb5er said:
CRA1G said:
rb5er said:
E46 market did indeed bubble upwards recently but it will be going down as the e90 and f10 come down, they are more desirable cars.
I'll quote you in 2 years.... hehe
Make it 3 years.
Just look at E36 M3's...! I would say mines probably doubled in the last 3 years...
I'm wrong mines defiantly more than doubled....! Silverstone auctions yesterday sold a 99 E36 M3 Evo convertible for just shy of £22K + Fees.....!