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-   -   [Melb] 2003 SMG M3 133kkm... $29k?? Legit or Buyer beware? (http://forum.e46fanatics.com/showthread.php?t=948782)

Scotty_89 10-05-2012 02:15 AM

[Melb] 2003 SMG M3 133kkm... $29k?? Legit or Buyer beware?
 
http://www.carsales.com.au/private/d...ax&sort=~Price

So I seen this one popup while I was hard at work here in the office...

Other than the mileage being a little on the high side for most people here.... It looks like a reasonable price?

Is there a reason this hasn't sold, that I don't know about?

I wasn't even in the market for an M3 but strongly considering checking this one out.

Good colour combo + good location + sounds like a legit owner.... what's the catch?

Mitch E46 10-05-2012 02:26 AM

From what I see there looks to be little wear and tear on the interior, however drivers seat bolster isn't shown.

If it came back clean from a PPI it would be a nice buy for someone. Perhaps the owner is after a quick sale?

DesiredM 10-05-2012 02:36 AM

Saw that one.

Buyer has dropped price pretty quick from about $36k down to $29.5 over the last 2 months.

Certainly worth a look but 100% get a PPI. I looked at one in QLD that was Phoenix Gold and price was dropped down to $28k and he told me it was perfect and would even throw in his work wheels with the car. I got a PPI and even tracked down 2 previous owners. Turned out the car was tracked....a lot, was a flood damaged vehicle but never reported as owner fixed at their expense to keep the title clean and the subframe had 2 massive cracks. So just be careful.

YGOAMG 10-05-2012 03:59 AM

At 10 years old thats how much they're worth boys..

I remember looking for E36M's back in 08 and 9.. (and they were going for around 30-35's)

GJA003 10-05-2012 07:54 AM

Noticed this too the other was priced a little higher and thought to my self the same things at the price the kms don't really scare me that much. Seems like a good buy if its legit.

MJ80 10-05-2012 04:43 PM

Quote:

Originally Posted by YGOAMG (Post 14789862)
At 10 years old thats how much they're worth boys..

I remember looking for E36M's back in 08 and 9.. (and they were going for around 30-35's)

This is what i am starting to think also, have been searching the net alot recently and the M3s for sale seem to be a little optimistic with prices. Id love to buy one i really would but cant see it being easy to sell in 2-3 years when i have had my time with it, would be a massive financial loss.

ating 10-05-2012 07:21 PM

All cars depreciate a lot. 2 years ago, a 2002 M3 with 100k+ kms was being advertised for $40k'ish. In my opinion, the M3s that will hold more value are ones that have unique/rare combos. Everyone seems to want a white manual. People don't seem to like the Phoenix Yellow. I'm sure people will pay a lot more for a white manual over a Phoenix Yellow SMG. In my research, it seems silver and carbon black are the 2 most common colours for an M3. Put them with an SMG and you have plenty to choose from. Condition of the car varies a lot too. The M3s advertised at the lower end of the scale I'd believe would be in a worse condition than those asking for more. I'm pretty sure the OP's linked car has a very worn interior e.g bolsters. It's still worth a check tho via a PPI.

MickeyB 10-05-2012 07:36 PM

Excuse my noobness and the thread hijack, but can someone explain to me what PPI stands for?

Chewy 10-05-2012 07:55 PM

Quote:

Originally Posted by MickeyB (Post 14791989)
Excuse my noobness and the thread hijack, but can someone explain to me what PPI stands for?

Pre purchase inspection

MickeyB 10-05-2012 09:26 PM

Ah. Cheers! I assumed it was something along those lines...

netgun 10-05-2012 10:01 PM

Just remember that while the price of these babies has fallen, the maintenance costs haven't fallen at the same rate.

Pants.On.Fire 10-06-2012 04:56 AM

I'd work a 135i down in price. Newer, quicker, easier to get manual :)

DesiredM 10-06-2012 05:49 AM

Quote:

Originally Posted by Pants.On.Fire (Post 14792669)
I'd work a 135i down in price. Newer, quicker, easier to get manual :)

Yeah hard to get a 135 for less then $45k in decent condition. Plus wouldn't say quicker, they are the same if not slightly slower then an E46 M3 (stock vs stock). A tuned one...well that's a different story.

MickeyB 10-06-2012 06:40 AM

meh: one of my mates had a 135i: I can't get over the toy-like proportions: not for me!

I've just come out of a E39 540i: I know all about the maintenance costs :)

Personally, I'm looking for a neat E46 M3...

beebop 10-08-2012 04:43 AM

Quote:

Originally Posted by MickeyB (Post 14792718)
meh: one of my mates had a 135i: I can't get over the toy-like proportions: not for me!

I've just come out of a E39 540i: I know all about the maintenance costs :)

Personally, I'm looking for a neat E46 M3...

well you can have a look at mine il be putting it up on carsales in the next week or so....

MickeyB 10-08-2012 06:14 AM

Quote:

Originally Posted by beebop (Post 14796485)
well you can have a look at mine il be putting it up on carsales in the next week or so....

let me know when it's listed... :)


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