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-   -   Bmw M3 (http://forum.e46fanatics.com/showthread.php?t=948403)

jantilla 10-03-2012 11:40 AM

Bmw M3
 
http://spokane.craigslist.org/cto/3278280075.html

I was hoping to get your guys thoughts on the car above. It's exactly what Im looking for but I think it's over priced due to the rebuilt title. What do you guys think?

DSilk56 10-03-2012 12:12 PM

$16K for a 2003 M3 that has a salvage title? RUN away from this one!

jantilla 10-03-2012 12:46 PM

I wouldn't pay 16k for it. What if the damage wasn't bad?

jhaurimn 10-03-2012 12:48 PM

Definitely over priced. I would never buy a rebuilt title

cak323i 10-03-2012 12:59 PM

avoid this car....

jantilla 10-03-2012 01:08 PM

My goal was to try and get it around 10k. What would a m3 like the one in the craigslist ad cost me that has a clean title? I wanted one that had some mods done to it aleady.

SRAM3 10-03-2012 01:18 PM

I doubt this guy will go down that low, I assume he is looking to break even, meaning he overpaid, but you should try if $10k is your price range. It's been my experience that a good E46 M3 with NO MODS and around 80K in miles is going to cost you about $18 to $20k or higher if your lucky to find a pissed off divorcing wife. Good Luck

jantilla 10-03-2012 01:24 PM

I just started looking around so Im not in a rush. I do want to find out what happened to the car. If the damage wasn't bad than I may try to get it. The car has been posted a few times. I don't think he will get anywhere near 16k at least not from me.

SRAM3 10-03-2012 01:33 PM

I've been in your shoes before, it's definitly a hot looking M3, but it is a re-built and that is the problem. Be patient and keep looking, but be prepared to spend more than $10k if you want a decent one with moderate miles. M3's are expensive to own and maintain. At that level of miles replacing tires, RTABS, FCABS, tensioners, power flex discs, shocks, etc...... are needed and most likely will be your burden after you purchase.

illestminimike 10-03-2012 02:00 PM

Wayyyyy to much money.

jantilla 10-03-2012 04:07 PM

Well I found out what happened to the car. The car slid off the road on a rainy day. There wasn't any frame damage. I don't think he will work on the price. He says he put 7k in upgrades. We will just have to wait and see if he is able to sell the car at his asking price. He did say he has many interested.

itscoo2pyopants 10-03-2012 04:16 PM

that car as been for sale for a while. ive seen it posted in mill creek before it was in spokane. his 7k in "upgrades" were probably more like "repairs" after the accident. just to give you some insight, i bought my car 2 1/2 years ago with 60k miles for 17k.. and that is a clean title well maintained example.

DSilk56 10-03-2012 04:18 PM

If a car has a salvage title, it means that the insurance company adjuster deemed the damage to exceed the majority of the fair market value of the vehicle. It didn't just "slide off the road". It also hit something, and I sure wouldn't take the seller's word that there was no frame damage. Moreover, off the road here in Miami typically means "into a canal or other body of water", which carries its own problems. As a general rule, a salvage title means that the accident was severe enough to trigger deployment of the airbags, or there was water damage that ruined the on board computers. I wouldn't touch a salvage title car unless it was for parts, or given to me free.

Hockeyguy02 10-03-2012 04:22 PM

Don't rush. Took me a year to find the right m3. The rebuilt titles are so tempting. The right car will come along eventually. I personally wouldn't do it. Wait for a clean one !

taylor192 10-03-2012 04:25 PM

I don't think you'll get him to $10, maybe to $13-14 which would be alright.

Rebuilt in this case means it was probably uneconomical to repair, which is pretty easy in these cars. The PO of my car had a $10K repair for hitting an animal, nevermind putting it in a ditch. So I wouldn't worry about the rebuilt title as much as people are saying as long as there is good documentation of what was repaired.

taylor192 10-03-2012 04:28 PM

Quote:

Originally Posted by itscoo2pyopants (Post 14785098)
that car as been for sale for a while. ive seen it posted in mill creek before it was in spokane. his 7k in "upgrades" were probably more like "repairs" after the accident. just to give you some insight, i bought my car 2 1/2 years ago with 60k miles for 17k.. and that is a clean title well maintained example.

I was looking this spring in Seattle and couldn't find a decent 2003.5+ for less than $20K. 2.5 years ago the market tanked, everything was cheap.

The hood, suspension, and wheels are easily $5K... so $7K is very believable.

Alan 10-03-2012 04:55 PM

Why are folks so attracted to salvaged cars?

tsimurph 10-03-2012 05:13 PM

No matter what type of car you are interested in and especially when looking for a BMW you should always try to buy the best (usually the more epensive) example of the particular car you want. You will pay more up front for a better condition car or pay more later fixing a car that isn't so good, but seemed like a good deal initially; you will always pay one way or the other...
It almost always costs more money and definatly more in bullshit in the end to correct/fix that "good deal".
You really don't know what was damaged, since you didn't see the damage and the current owner isnt going to tell you the real story so take some time, save up some more money and find one that hasnt been wrecked. You will be glad you did.
These cars do not suffer fools very well and they can empty your pocket very rapidly.

taylor192 10-03-2012 05:33 PM

Quote:

Originally Posted by Alan (Post 14785228)
Why are folks so attracted to salvaged cars?

They are cheap.

OP, ignore the drama queens. I got a good deal on my car, easily $5K less than others cause of its accident history (8 claims!). It will take a lot of repairs to outweigh $5K of savings.

This particular car is 5 years since being rebuilt, so any serious issue should have surfaced by now.

mvs2 10-03-2012 08:25 PM

Also keep in mind when reselling it all the people ( like us here as you can see ) will not look twice at buying it. And those who will consider it will be like yourself and try to get it for much cheaper. I've been down that road when I was quite young and its not plesant.


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