BMW once made an E46 M3 Touring concept, and mighty fine it looked too, but for whatever reason decided not to produce it. The most commonly held belief is that, while success could have been counted on in Europe, sales predictions were not as rosy elsewhere. Shame. Especially when Audi saw enough potential in the RS4 to launch an estate-only model at about the same time.
Still, it has at least meant a few - apparently six globally - M3 Tourings have emerged, the result of dedicated BMW enthusiasts picking up where that concept left off.
See, this isn't some garage queen; it began life as a 318 and has been used as a daily driver in M3 guise, covering 180,000 kilometres in the process. There's no need to be afraid about using it, basically, and it would be a real pity to see such hard work no longer enjoyed.
It's always hard to value projects like this, when huge amounts of time and money have been invested into the finished project. Especially when it's then taken beyond OEM spec as well. At least with this car everything appears to be working, so it wouldn't require much from the next owner.
Given this car is in Waikato, you would have to hope that the $48,000 price is in New Zealand dollars and not US. At the former it's £25,000, the latter £35,000. Not a cheap car either way, but also not absurd in the current climate. And the E46 M3 is becoming more desirable as a classic, seemingly by the day. Being on the other side of the world isn't exactly ideal, but it looks like one lucky buyer could be in for the best M car BMW never made.
BMW M3 (E46) TOURING
Why you should: E46, M3, Touring
Why you shouldn't: SMG, NZ, OMG
See the original advert here.