E46 M3 Values
Author
Discussion

jackpe

Original Poster:

502 posts

189 months

Tuesday 3rd April 2012
quotequote all
Destined to keep dropping? how far?

I guess the number of carts and expense of keeping them has made values drop to their current state, but have they bottomed out yet or destined to drop much further?

GTiFrank

629 posts

209 months

Tuesday 3rd April 2012
quotequote all
Wouldn't be suprised if I saw them at the same level as the E36 was a few years ago eventually (3.5k mark), E36 values are stronger now though.

pilchardthecat

7,483 posts

204 months

Tuesday 3rd April 2012
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Depends entirely on how well they are looked after. Well maintained, well cared for ones will hold their value. People who skimp on running costs, put crappy tyres on them or chav them up with repo wheels and body kits will find values plummet like stones.

Good, well maintained, unmodified ones will hold their value very well now i think

TroubledSoul

4,655 posts

219 months

Tuesday 3rd April 2012
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GTiFrank said:
Wouldn't be suprised if I saw them at the same level as the E36 was a few years ago eventually (3.5k mark), E36 values are stronger now though.
Ditto. E36's are going to start rising as the stters are weeded out and scrapped/stripped/crashed. Once the only ones left are mostly good ones, that will be it for the cheap E36 M3.

PaperCut

640 posts

172 months

Tuesday 3rd April 2012
quotequote all
I bought an 02 E46 M3 Coupe for £3,900 (with 190k miles, FSH though!) from a work mate a few weeks ago. I think that could be the cheapest E46 M3 yet?

v8will

3,310 posts

221 months

Tuesday 3rd April 2012
quotequote all
PaperCut said:
I bought an 02 E46 M3 Coupe for £3,900 (with 190k miles, FSH though!) from a work mate a few weeks ago. I think that could be the cheapest E46 M3 yet?
You had a thread contemplating this didn't you? How's the car so far?

falkster

4,258 posts

228 months

Tuesday 3rd April 2012
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v8will said:
You had a thread contemplating this didn't you? How's the car so far?
I remember that! Oh how I was flamed for even suggesting 19s looked better than 18s.

alfabadass

1,852 posts

224 months

Tuesday 3rd April 2012
quotequote all
PaperCut said:
I bought an 02 E46 M3 Coupe for £3,900 (with 190k miles, FSH though!) from a work mate a few weeks ago. I think that could be the cheapest E46 M3 yet?
£2000 service coming up!

PaperCut

640 posts

172 months

Tuesday 3rd April 2012
quotequote all
v8will said:
You had a thread contemplating this didn't you? How's the car so far?
In a word - Great! Coming from an E46 320i, it's very familiar yet obviously a lot more powerful and involving. I know it's cliched, but it does feel like less than half the mileage, and TBH very surprised that everything works (so far!) and still feels solid - as i know what E46s can be like sometimes.

I'm using it daily, doing around 10 miles a day on rural roads so it does me fine and as such fuel & insurance costs are quite good. I'm going to have to get new tyres quite soon, it's the only real big cost, but i'm aware there may be more big bills in the future - but it's worth it!

Apologies OP for the thread hijack!

jackpe

Original Poster:

502 posts

189 months

Tuesday 3rd April 2012
quotequote all
TroubledSoul said:
Ditto. E36's are going to start rising as the stters are weeded out and scrapped/stripped/crashed. Once the only ones left are mostly good ones, that will be it for the cheap E36 M3.
Might just be a personal thing but can you really compare E36's with the E46? I thought E36's were generally viewed as a less successful M3... while the E46 bought the breed back up to scratch? Certainly in my eyes when things even out the E36 will never be as desirable as the E46. Sorry if I've offended anyone...

Adam_W

1,096 posts

225 months

Tuesday 3rd April 2012
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Just dont do it.. when the boot floor falls out or the SMG stops working or vanos cries enough and lunches the engine.. its just a joke how risky these cars are..

Plus it'll need a new steering hose, trailing arm bushes and a ton of other stuff no doubt.. none of it cheap.

over 10 years old stay away or get the floor pan at the back very closely examined by someone you trust..

I thought they were cheap too...

Ferosferio

297 posts

175 months

Tuesday 3rd April 2012
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Adam_W said:
Just dont do it.. when the boot floor falls out or the SMG stops working or vanos cries enough and lunches the engine.. its just a joke how risky these cars are..
I ran an E36 M3 for 2 years and had none of the (over-hyped) Vanos issues. A friend owned an early E46 M3 for around 3 years and never experienced any transmission/suspension/engine issues of any kind. Both cars were driven in anger but maintained well, neither were garage queens. As for servicing, find a reputable indy and they're really not that expensive, IMO. I'm sure you'll find plenty of examples online of people who have experienced the quoted issues but they are far and away outweighed by ownership experiences with none of these problems.

RE prices - Peaks and troughs. They seem to be going the same way as the E36 but, just like the E36, prices will begin to steady and then start creeping up.

TEKNOPUG

20,360 posts

230 months

Tuesday 3rd April 2012
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jackpe said:
Might just be a personal thing but can you really compare E36's with the E46? I thought E36's were generally viewed as a less successful M3... while the E46 bought the breed back up to scratch? Certainly in my eyes when things even out the E36 will never be as desirable as the E46. Sorry if I've offended anyone...
The 3.0s were originally designed to be a "330i" - then some whizz at BMW thought that sticking the M3 badge on it would be a better idea.....

The Evo's models were created to address the concerns that the M3 didn't really live up to the badge.

Dynamically, there isn’t much in it between a late Evo and an E46. Engine is bit more powerful in the E46 but then the car weighs a bit more. Brakes are better from standard. A few other general improvements but it’s not like the E46 is a quantum leap above the E36. Obviously it’s a newer shape and interior. The price differences are due to the age and mileage and the fact that it’s the newer model. Drive both models in good condition and there isn’t much to choose between them and will just come down to personal preference.

nonuts

15,855 posts

254 months

Tuesday 3rd April 2012
quotequote all
jackpe said:
Might just be a personal thing but can you really compare E36's with the E46? I thought E36's were generally viewed as a less successful M3... while the E46 bought the breed back up to scratch? Certainly in my eyes when things even out the E36 will never be as desirable as the E46. Sorry if I've offended anyone...
Less successful maybe, however my e36 Evo was quicker or as quick as any non CSL e46 at VMax when I went, so I guess it depends how you define 'success', was a hell of a lot of fun to drive too. I would love another good example of a e36 Evo and given the money & space I'd have one tomorrow. I may be biased but I think the e36 Evo will be real classic at some point as it's the last M3 without traction control etc.

jaedba2604

3,768 posts

172 months

Tuesday 3rd April 2012
quotequote all
TroubledSoul said:
GTiFrank said:
Wouldn't be suprised if I saw them at the same level as the E36 was a few years ago eventually (3.5k mark), E36 values are stronger now though.
Ditto. E36's are going to start rising as the stters are weeded out and scrapped/stripped/crashed. Once the only ones left are mostly good ones, that will be it for the cheap E36 M3.
surely e46s will always be propped up by e36 prices, if e36s are getting stronger then they will bolster e46 values.

eventually, as you allude to, the two models will become homogenous and you'll get good and bad of each, but an equivalent example e46 will always be worth more then the e36, it's a fresher car.

GTiFrank

629 posts

209 months

Tuesday 3rd April 2012
quotequote all
jaedba2604 said:
TroubledSoul said:
GTiFrank said:
Wouldn't be suprised if I saw them at the same level as the E36 was a few years ago eventually (3.5k mark), E36 values are stronger now though.
Ditto. E36's are going to start rising as the stters are weeded out and scrapped/stripped/crashed. Once the only ones left are mostly good ones, that will be it for the cheap E36 M3.
surely e46s will always be propped up by e36 prices, if e36s are getting stronger then they will bolster e46 values.

eventually, as you allude to, the two models will become homogenous and you'll get good and bad of each, but an equivalent example e46 will always be worth more then the e36, it's a fresher car.
I have always preferred the E36 more understated looks than the E46. And using the above logic the 3k E36 should be "propped up" in value by the rapidly rising values of the 15k+ E30 M3?


jaedba2604

3,768 posts

172 months

Tuesday 3rd April 2012
quotequote all
GTiFrank said:
jaedba2604 said:
TroubledSoul said:
GTiFrank said:
Wouldn't be suprised if I saw them at the same level as the E36 was a few years ago eventually (3.5k mark), E36 values are stronger now though.
Ditto. E36's are going to start rising as the stters are weeded out and scrapped/stripped/crashed. Once the only ones left are mostly good ones, that will be it for the cheap E36 M3.
surely e46s will always be propped up by e36 prices, if e36s are getting stronger then they will bolster e46 values.

eventually, as you allude to, the two models will become homogenous and you'll get good and bad of each, but an equivalent example e46 will always be worth more then the e36, it's a fresher car.
I have always preferred the E36 more understated looks than the E46. And using the above logic the 3k E36 should be "propped up" in value by the rapidly rising values of the 15k+ E30 M3?
i hardly think an e46 is 'in yer face'... a cursory glance on pistonheads will see c20 e30s for sale, c40 e36s and probably about 350 e46s. it stands to reason that from a sample population of 350 you will get a fair number of stty examples that are cheap.

2 cars, one e46, one e36, both fsh, both reasonable mileage, both reasonable number of owners - comparable cars, which will fetch more?

TEKNOPUG

20,360 posts

230 months

Tuesday 3rd April 2012
quotequote all
One of them will always be newer though. Which makes them more desirsable (to some). I'm not sure if secondhand value if a great indicator of the quality of a car but then it's all starting to go a bit off topic.

PaperCut

640 posts

172 months

Tuesday 3rd April 2012
quotequote all
I think it comes down to the look (of the car).

The E36 is so dated and unfortunately with the added M3 kit on the shape, makes it worse IMO (not intending to offend anyone with that) - more so the fact that most 318i models are dressed up this way too.

Whereas the E46 still looks fairly modern - or rather, it still looks good as it was one of the last 'traditional' BMWs before they were 'Bangle-ised'


Regardless of all of that, any M3 will always be sought after/desirable.

jaedba2604

3,768 posts

172 months

Tuesday 3rd April 2012
quotequote all
TEKNOPUG said:
but then it's all starting to go a bit off topic.
I think if you ask about the potential value of e46 M3 you're going to head in the direction it has, what else have you got to go off other than guess work and its predecessor?

my concise opinion is they will drop a bit more, but if you buy wisely and keep it tidy then it'll hold firm at roughly 10-15% where they are now.

number of owners and service history will impact on its future value, as will the eventual outcome of the sub frame issue, stick with a manual if you wish to mitigate this risk as best you can.