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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 06-18-2013, 11:49 AM   #1
connville
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Salvaged M3

So I am considering buying a salvaged title M3. It was involved in a wreck damaging the front left fender. Air bag deployed. The story goes that the owner pushed the insurance company to total the car so he could get a check for the value and buy it back from the auction. He did and repaired it.
There is no frame damage.

It has kw v2 coils, csl trunk and diffuser as well as rims. Pretty much exactly what I want. I want to use it as a dd for a few years then track it.


http://houston.craigslist.org/cto/3862815328.html
I attached the picture of the damage and heres the link
Is it worth looking at and getting a PPI?_a_
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Old 06-18-2013, 12:02 PM   #2
v8 5
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Plenty of non-salvaged M3's for around the same price, unless it was 10k I would definitely skip it... Probably only fixed all the driveline work on the left side too.
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Old 06-18-2013, 12:07 PM   #3
ChrisRedmon
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Pulling a car like that....doubtful it was just the fender. I would get the frame checked out. Period.

Make sure it has new control arms & Steering rack

Cooling system?

Coupe, good mods, 6mt, color combo....

I would take a chance on it, however if the frame is screwed. Forget about it
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Old 06-18-2013, 12:08 PM   #4
pawelgawel
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Re: Salvaged M3

2002 salvage for $15k? Pass.. that should be around 10k
As for the damage... garateed the frame was damaged. There is no way the side took a hit without the left frame moving. Either he had it straightened (if salvage then most likely did so) or he componsated with adjusting bumper and fender. Have someone with experience have a look at it.

But again, for that price, id pass and get a nice zhp

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Old 06-18-2013, 12:42 PM   #5
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I wouldn't.
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Old 06-18-2013, 12:44 PM   #6
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That's a few grand above KBB value for a non-totaled car.

No.
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Old 06-18-2013, 12:46 PM   #7
WDE46
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That story doesn't make any sense. If the car wasn't totaled (repair cost <70% of the value), then getting the insurance company to total it out would result in them spending more money. That would never happen. I don't buy it for a second. You should also not consider this car.

EDIT: Nvm I think I see what you mean. So the insurance company pays him the value of the car. They get the car, then he buys it at auction for say, half that, so the insurance company gets half their pay out back. Whereas if they repaired the car, maybe they spent 65% of the value on repairs. I still don't get how this would benefit the owner though.
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Old 06-18-2013, 01:36 PM   #8
KingBee
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no...this car is sketchy
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Old 06-18-2013, 02:09 PM   #9
bumere46
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stay away
I know a guy who sells salvage cars, he goes to court every freaking month
save yourself the headache
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Old 06-18-2013, 02:27 PM   #10
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cars must be expensive in TX, because clean e46 M3's can be had for ~$15k here all day.
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Old 06-18-2013, 02:34 PM   #11
awesomechinz
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Salvaged M3

Quote:
Originally Posted by Cobra View Post
cars must be expensive in TX, because clean e46 M3's can be had for ~$15k here all day.
Up north you deal with winter and road salt and what not. Down south there is much less of a chance of that. That's my reasoning that makes sense
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Old 06-18-2013, 02:36 PM   #12
WDE46
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I don't see GOOD E46 M3's for less than $20K down here yet. You can get well over 100K mile examples for under $20K, but I don't want those haha.
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Old 06-18-2013, 02:36 PM   #13
Alex323Ci
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Pass.
although it may look pretty in pictures a Salvaged titled M3 for that price is way overpriced. not to mention I don't trust the story or condition.
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Old 06-18-2013, 02:37 PM   #14
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There are M3's with that mileage in florida not wrecked. Don't do it OP
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Old 06-18-2013, 02:40 PM   #15
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Quote:
Originally Posted by awesomechinz View Post
Up north you deal with winter and road salt and what not. Down south there is much less of a chance of that. That's my reasoning that makes sense
that's not it. my car spent it's entire life in the NE, i've had it for 9 years- no rust or corrosion really.

also, many used, higher end cars here come from pennsylvania or the south. it's cheaper here because of the quantity of used car dealerships. there's a tremendous used car market here and in NJ.
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Old 06-18-2013, 02:48 PM   #16
awesomechinz
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Salvaged M3

Quote:
Originally Posted by Cobra View Post
that's not it. my car spent it's entire life in the NE, i've had it for 9 years- no rust or corrosion really.

also, many used, higher end cars here come from pennsylvania or the south. it's cheaper here because of the quantity of used car dealerships. there's a tremendous used car market here and in NJ.
But just the reality that it is more likely for rust/corrosion to occur, doesn't that cause a decrease in value?
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Old 06-18-2013, 03:01 PM   #17
Cobra
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Quote:
Originally Posted by awesomechinz View Post
But just the reality that it is more likely for rust/corrosion to occur, doesn't that cause a decrease in value?
i suppose it could, to out-of-town buyers, perhaps- but certainly not thousands of dollars less. i've seen some cars here go for almost half as much as some cars in more rural\country places. i still think it has to do with the supply.
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Old 06-18-2013, 03:57 PM   #18
awesomechinz
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Salvaged M3

Quote:
Originally Posted by Cobra View Post
i suppose it could, to out-of-town buyers, perhaps- but certainly not thousands of dollars less. i've seen some cars here go for almost half as much as some cars in more rural\country places. i still think it has to do with the supply.
That makes more sense... Sorry for thread jack OP
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Old 06-18-2013, 04:24 PM   #19
mjpgolf1
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Salvaged M3

Quote:
Originally Posted by Cobra View Post
that's not it. my car spent it's entire life in the NE, i've had it for 9 years- no rust or corrosion really.

also, many used, higher end cars here come from pennsylvania or the south. it's cheaper here because of the quantity of used car dealerships. there's a tremendous used car market here and in NJ.
Im sure there is rust and corrosion on your car somewhere. You may not be able to see it without digging into it a bit but its there. If it was driven at all on salted roads then you can't avoid it. There are cracks and tight areas that the salt gets in that aren't seen by just walking around the car or putting on a lift. Cars down south are generally much nicer body wise however you have the trade off of the heat destroying plastic and rubber much faster. I personally would rather replace plastic and rubber seals than have rust issues down the road.


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Old 06-18-2013, 04:27 PM   #20
Cobra
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yeah there are little spots. nothing concerning, though. i'm fixing a few things on my e46 and planning on selling it to buy another manual bimmer(my only regret about my car)
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