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Old 10-05-2012, 02:15 AM   #1
Scotty_89
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Location: Melbourne, Australia
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[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?
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Old 10-05-2012, 02:26 AM   #2
Mitch E46
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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?
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Old 10-05-2012, 02:36 AM   #3
DesiredM
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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.
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Old 10-05-2012, 03:59 AM   #4
YGOAMG
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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)
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who da F done that?
prestige warehouse or who?
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Old 10-05-2012, 07:54 AM   #5
GJA003
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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.
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Old 10-05-2012, 04:43 PM   #6
MJ80
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Originally Posted by YGOAMG View Post
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.
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Old 10-05-2012, 07:21 PM   #7
ating
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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.
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Old 10-05-2012, 07:36 PM   #8
MickeyB
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Excuse my noobness and the thread hijack, but can someone explain to me what PPI stands for?
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Old 10-05-2012, 07:55 PM   #9
Chewy
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Excuse my noobness and the thread hijack, but can someone explain to me what PPI stands for?
Pre purchase inspection
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Old 10-05-2012, 09:26 PM   #10
MickeyB
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Ah. Cheers! I assumed it was something along those lines...
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Old 10-05-2012, 10:01 PM   #11
netgun
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Just remember that while the price of these babies has fallen, the maintenance costs haven't fallen at the same rate.
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Old 10-06-2012, 04:56 AM   #12
Pants.On.Fire
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I'd work a 135i down in price. Newer, quicker, easier to get manual
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Old 10-06-2012, 05:49 AM   #13
DesiredM
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Originally Posted by Pants.On.Fire View Post
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.
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Old 10-06-2012, 06:40 AM   #14
MickeyB
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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...
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Old 10-08-2012, 04:43 AM   #15
beebop
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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....
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Old 10-08-2012, 06:14 AM   #16
MickeyB
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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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