[Melb] 2003 SMG M3 133kkm... $29k?? Legit or Buyer beware?

Scotty_89 · 10-05-2012, 02:15 AM

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

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

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

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

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

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...

10-05-2012, 02:15 AM	#1
Scotty_89 Registered User Join Date: Sep 2010 Location: Melbourne, Australia Posts: 672 My Ride: 2001 330Ci View My Garage	[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? __________________ Last edited by Scotty_89; 10-05-2012 at 02:19 AM.

10-05-2012, 02:26 AM	#2
Mitch E46 Registered User Join Date: Jan 2010 Location: Newcastle, NSW Posts: 1,830 My Ride: E46 View My Garage	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? __________________ Last edited by Mitch E46; 10-05-2012 at 02:26 AM.

10-05-2012, 07:54 AM	#5
GJA003 Registered User Join Date: Feb 2012 Location: Melbourne Posts: 239 My Ride: BMW E87 120i M sport View My Garage	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. __________________ '06 6s MT E87 BMW 120i M-Sport Sparkling graphite metallic'

10-05-2012, 07:21 PM	#7
ating Registered User Join Date: Sep 2010 Location: Australia Posts: 1,278 My Ride: 2004 M3 View My Garage	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. __________________ Evolve CSL airbox w/Alpha-N tune \| KW v2 \| Vorshlag Camber Plates \| Rogue Engineering RSMs \| BBS LM 19x9.5 19x11 \| Dixis Ti exhaust \| EAS Aurora 60 LED AEs Last edited by ating; 10-05-2012 at 07:22 PM.

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10-05-2012, 02:36 AM	#3
DesiredM Registered User Join Date: Sep 2012 Location: Australia Posts: 495 My Ride: E46 M3 View My Garage	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.

10-05-2012, 07:36 PM	#8
MickeyB Registered User Join Date: Oct 2012 Location: Gold Coast, Australia Posts: 5 My Ride: Nissan Stagea View My Garage	Excuse my noobness and the thread hijack, but can someone explain to me what PPI stands for?

10-05-2012, 09:26 PM	#10
MickeyB Registered User Join Date: Oct 2012 Location: Gold Coast, Australia Posts: 5 My Ride: Nissan Stagea View My Garage	Ah. Cheers! I assumed it was something along those lines...

10-05-2012, 10:01 PM	#11
netgun Registered User Join Date: Dec 2006 Location: Melbourne, VIC, Australia Posts: 396 My Ride: 2002 E46 M3 Coupe View My Garage	Just remember that while the price of these babies has fallen, the maintenance costs haven't fallen at the same rate.

10-06-2012, 04:56 AM	#12
Pants.On.Fire Registered User Join Date: Dec 2010 Location: Australia Posts: 263 My Ride: 328ci View My Garage	I'd work a 135i down in price. Newer, quicker, easier to get manual

10-06-2012, 06:40 AM	#14
MickeyB Registered User Join Date: Oct 2012 Location: Gold Coast, Australia Posts: 5 My Ride: Nissan Stagea View My Garage	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...