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///M3 Forum
The BMW E46 ///M3 is the M version E46 and puts out an amazing 333 HP and 262 lb-ft of torque at stock specs! There are an amazing amount of modifications for both the coupe and convertible models so read up and get started modifying your cars today!

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Old 12-17-2016, 10:40 PM   #1
jbrichmond22
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Join Date: Jan 2011
Location: Roanoke, VA
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My Ride: 00 323ci, 08 135i
What would you say this M is worth? I don't want to overpay!

Hey all, thanks for any and all advice ahead of time. I came across a gorgeous M3 that I want to purchase, but I am curious as to whether or not I would be over paying for it.

Below is the information on the car:

2001 M3, Steel Grey over black leather interior / piano black trim
6MT
All options except navigation
77k miles
2 owner car
Never seen snow and covered in garage all winter

Only modifications are:
ZCP Brakes (full set - pads and rotors, OEM)
Steel brake lines
ZCP wheels (OEM)
Window tint

Car has been garaged and maintained very well according to the owner, with records to show it all since he bought it 10 years ago. Clean and clear title

Only a couple rock chips on the front, otherwise flawless.

Asking price is $20,500

What are your thoughts? I ran the Carfax and everything checked out. He said that it is fully up to date with all fluids, spark plugs, VANOS is good, no leaks or anything, and subframe has no signs of wear or issues. Brand new Michelin Pilot Sports as well.

Thanks all!!
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Last edited by jbrichmond22; 12-17-2016 at 10:44 PM.
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Old 12-17-2016, 11:04 PM   #2
Alan
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Get a PPI and post the results here.

Carfax is almost worthless.
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Old 12-17-2016, 11:09 PM   #3
IamMe
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If the ppi checks out, the price is in the right ballpark. Good find.
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Old 12-17-2016, 11:10 PM   #4
jbrichmond22
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Car is in PA and I'm in AZ. Haven't gotten the chance to do that yet, as I'm not sure if the asking price (assuming the vehicle is perfect) is actually in line with TRUE value and not what he thinks it's worth?

There is a 2002 for sale with 42k miles for $24,500. That, to me, is worth the extra money, especially because I could talk them down some. Just wondering what to think of this price or the e46 M market in general.
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Old 12-17-2016, 11:12 PM   #5
jbrichmond22
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Originally Posted by IamMe View Post
If the ppi checks out, the price is in the right ballpark. Good find.
Awesome. Thanks for the input.
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Old 12-18-2016, 02:06 PM   #6
austine46
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this guy isnt that far from me in nj. car looks good on the ad
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Old 12-18-2016, 02:21 PM   #7
jbrichmond22
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Hey all thanks for the information. I actually did some digging and found out that this car belongs to a forum (prior) member, but his account was banned on M3forum, e46fanatics (says under review), and a couple of others. His username is:

vw2bmwguy

and

corradodonato

Anyone know why he got banned? From talking back and forth with him, he seems like a good guy (for whatever that is worth). We have agreed to PPI at local BMW dealer (my choice) this week. Assuming that goes well, I would be buying the car week after Christmas.

Don't want to be buying the car from a trouble maker, ha!
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Old 12-18-2016, 03:27 PM   #8
Alan
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BMW dealers do the worst PPIs - and never stand behind them.
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Old 12-19-2016, 12:35 PM   #9
mooninite
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I second that. Dealers will gladly accept your money, perform a very poor PPI, and then never return your phone calls.
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Old 12-19-2016, 02:30 PM   #10
RichG
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Quote:
Originally Posted by jbrichmond22 View Post
Car is in PA and I'm in AZ. Haven't gotten the chance to do that yet, as I'm not sure if the asking price (assuming the vehicle is perfect) is actually in line with TRUE value and not what he thinks it's worth?

There is a 2002 for sale with 42k miles for $24,500. That, to me, is worth the extra money, especially because I could talk them down some. Just wondering what to think of this price or the e46 M market in general.
This one looks really good!
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Old 12-22-2016, 12:04 AM   #11
C ///M
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Vanos "is good"? What does that mean exactly? Rebuilt? Upgraded hub and cam bolts? Any Anti-rattle parts? Or just no problems currently?

Being an '01, rod bearing recall performed? Last valve adjustment? How out of spec were they?

All options except nav? Or all options except nav and rear window shade? People tend to forget about that. This isn't necessarily accurate, but since it has tint, I'm guessing no rear shade. Not a big deal, but it's a rare option that increases value to some.

Call me crazy, but I disagree with what's been posted thus far. I find that to be way too much for an early car unless it comes with a boat load of maintenance records and has had some important service completed.
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Old 12-23-2016, 12:18 AM   #12
newswartz
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Sounds high to me
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Old 01-02-2017, 11:10 PM   #13
b622r
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Seems like a lot for an 01...but there is a lot to be said for maintenance done right. It will cost 1500 to ship to you. 22k for an 01 is a bit steep to me.
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Old 01-12-2017, 06:51 PM   #14
Apexeon
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My buddy got an '06 for, I want to say $18k with similar mileage? Power steering hose needed replace, and I think new brakes and tires.


Regardless of mileage, a 2001 car is still 16 years old, it doesn't age less just because it's driven less.
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Old 01-15-2017, 03:13 PM   #15
Steel_Gray_M3
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That car is gorgeous... and in a sea of super bland Tiag silver M3s, this car stands out.

Steel gray is a fantastic color - i may be biased though
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Old 01-15-2017, 10:58 PM   #16
M_3_X
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Quote:
Originally Posted by jbrichmond22 View Post
Hey all thanks for the information.
Quote:
Originally Posted by Steel_Gray_M3 View Post
That car is gorgeous... and in a sea of super bland Tiag silver M3s, this car stands out.

Steel gray is a fantastic color - i may be biased though
Another biased opinion here, car looks great, more so with those ZCP wheels. But definitely over-priced. Did you end up buying it?
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2005 X3 3.0i ZPP, Htd seats, Htd strng whl, Black Sapphire on Terracotta.(08/2008-current)
1991 325i Convertible, 5MT, htd seats
2004 330Xi Orient Blue, 6MT, Sport, Premium - Son
1995 ///M3 Coupe, Luxury, MT, Htd seats, Cosmos Black.(11/2011-01/2015)
2003 325Cic Orient Blue, Premium (03/2007- 03/2010)
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