Last post on Apr 02, 2008 at 7:01 AM
You are in the BMW M/M3/M6
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BMW M3, Coupe, Convertible
#19 of 204 Buying a used M3
Jan 22, 2005 (1:00 pm)
I'm thinking about buying a 2002 or 2003 BMW M3 convertible. I found one for sale that is 2002 with 12000 miles garage kept, SMG, 19 inch wheels, Navigation system, basicaly the car has everything that you can imagin. Also the car has BMW warrany until May 2006, and maintanence warrant until May 2005. The owner is asking $45000. I have few question for you guys;
1) Is the car worth it $45000?
2) Before I decide to buy this car should I take this car to a dealer for inspection?
3) Can I extend the warranty to 100k?
4) What should I look for when I go for a test drive?
Please let me know what you guys think.
Jan 28, 2005 (9:46 pm)
How about - off topic. 45k; no.
#21 of 204 2007 M3 and used M3's
Feb 04, 2005 (8:21 am)
I traded my 2003 M3 in Sept for a 2004 and discovered one week later that most of the 2002 and 2003 M3's were recalled to replace the connecting rods. If you remember there was some problems with engines blowing up and the problem was discovered as bad connecting rods. the problem is that the entire engine has to be taken apart and its a full uninterupted days work. Be careful buying a used 2001 to 2003 and make sure the service has been performed. It is covered under warranty and your engine gets a 100,000 mile warranty. I got this information in a letter from BMW because I actually owned a 2003 coupe and a 2002convertible. I traded the convertible on a z4 3.0 which I love.
The 2007 has the 4.0liter 400 HP chopped block from the 5.0 V10. I also read where it may be magnesium/aluminum combo like the new 3.0 and 2.5 to save weight and fuel economy. I'm sure the price will go up and if the don't offer a 6 speed I will keep my 2004.
#22 of 204 Re: Why not keep the V6? [kernick]
Mar 18, 2005 (12:32 pm)
I dont believe horsepower alone can sell a car. If you want to have a GTO, good for you, because a lot of them just sitting in the inventory for more than a year now. Porsche is able to sell dorky interiors and inline-six for some ridiculous price tag. I can surely tell you that people who loves American cars may cross shopping to see Japanese and German cars, but European lovers wont even consider American options (especially Chevy and Pontiac).
#23 of 204 Educated guesses on the next M3?
Apr 04, 2005 (12:46 pm)
I'm close to buying a 2005 M3 coupe. As it is nearly at the end of its model run, I was wondering if there are any educated guesses on what to expect in the new '06/'07 M3 (or whatever it will be called). I hear that it will have a V8. Does anyone have an idea on how the pricing will be affected, how worse the the mpg will be?
#24 of 204 Re: Educated guesses on the next M3? [darstar007]
by kyfdx@Edmunds HOST
Apr 04, 2005 (4:06 pm)
There won't be a new M3 until '07, at least.. No info as of yet..
The '06 shouldn't be any different than the '05..
#25 of 204 Educated guesses on the next M3?
Apr 05, 2005 (10:47 am)
Some websites have posted photos of a new M3 for 2006, is it safe to say this is bogus. What feature will be new in the '06 M3 if it is still the E46?
#27 of 204 Re: Buying a used M3 [radox5]
Apr 08, 2005 (7:20 pm)
To answer your questions with as much accuracy as my experience has granted me:
1) The car lists at $45,240 but that's in "good" condition, which basically means that it'll last until the bad connecting rods go, or the f-ed up semi dry-sump oiling system goes on you. This buyer basically got his kicks out of the vehicle and is dumping it off for what he should've paid for it in the first place.
2) Take it for a full diagnostic. Try engaging the seller in a conversation about the performance of the vehicle. Find out why he/she bought it. There was a lot of excitement when the E46 M3 debuted. The car flew off of the lots and into the hands of a lot of wannabes with lead feet. When the practicality wears off, they sell for Blue Book value because it's a BMW, but understand that these cars were driven hard and put away wet on more than one occasion, which is never good for any car.
3) I'm not sure about the warranty extension.
4) During your test drive, you're not going to find anything apparent. The problems will remain hidden until everything goes haywire at once. It's the BMW way.
#28 of 204 Manual vs. SMG
Apr 09, 2005 (7:06 am)
Can anyone give me some feedback on the SMG transmission vs the six.speed.
In the market for a late M3 or possible an 05.