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E46 M3 (2001-2006) Engine: S54 - Max Hp: 333 hp at 7,900 rpm / 262 lb/ft at 4,900 rpm
Total Produced: 45,000+ - Years Produced: 2001 to 2006.


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Old Wed, Dec-06-2017, 02:11:13 AM   #21
ctdriver86
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Default Re: My M3 Totalled, Need Advice

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Originally Posted by lmtfi View Post
Asking price isn't selling price. Almost everyone knows that. Insurance companies certainly do.
Thats true but you cant prove what the actual selling price of all cars in the area. The asking price will determine the market price at this point. For example, I had a car stolen from me which was lower in blue book value than asking price on ads listed. I denied their initial very low offer and showed them 5 ads with the asking price within 10 miles which was about 5x more than bluebook value. They wrote me a check for the average of what i showed them.

Insurance companies won't make it easy for you but they also don't want too much hassle. If you can prove to them what its worth to you, they'll settle.

Last edited by ctdriver86; Wed, Dec-06-2017 at 02:17:48 AM.
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Old Thu, Dec-07-2017, 03:59:36 AM   #22
FK
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Default Re: My M3 Totalled, Need Advice

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Originally Posted by delvin View Post
When I was hit in my e28 I sent them comps from all over the US from every possible place, forums, autotrader, facebook, offer up, everything. Don'y wait for them to find comps, you should find them and bombard them with links and reasons why. You'll need a flight possibly, a PPI as you said, lodging, time off work, etc. Present all this as the way it is, don't ask for it, tell them. The worst they can say is no.

Keep fighting, **** them.
What this guy said. Don't take no for an answer.

Why the hell do you pay for insurance if it can't help you out the one time you use it.
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Old Thu, Dec-07-2017, 12:41:33 PM   #23
johnbennett103
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Default Re: My M3 Totalled, Need Advice

I have heard that 1)side damage is easier to fix than front damage, and 2)auto body guys over estimate their skills. Definitely get more opinions. As for a replacement, I would think you could get a decent M3 with less than 100k for less than 20k. You just have to find some temporary wheels, and stay patient.
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Old Thu, Dec-07-2017, 01:37:19 PM   #24
Denniscastro
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Default Re: My M3 Totalled, Need Advice

I would certainly try, show the ads etc, but I would even say what they initially offered you is high, more than I would have expected. I see cars with lower miles, very good condition pop up for thousands less, and I think asking members on an m3 forum who are all skewed on the values of these cars, might lead you to believe yours is worth in the 20's. I would estimate if you listed yours it would sell somewhere between 15-18. again, if I were you, id be doing the exact same thing trying to get more out of them, but I would be pleased with the intial offer.
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Old Thu, Dec-07-2017, 02:47:47 PM   #25
z531519
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Default Re: My M3 Totalled, Need Advice

a lot of you are saying that their offer is reasonable. I guess this is just the nature of being in an accident even if it is not your fault. They did come back saying they won't cover for any PPI or shipping, saying that is a personal preference. While it is true that I can get another for about the same price, i won't be comfortable getting an M3 at this miles unlike when i got mine first, with 30K miles. Finding a clean 100K, in the color i like is far and between it seems, so i would end up having to chalk quite a bit to get one I feel comfortable in. I'm sure it will change in time.

They're re-evaluating the numbers but i am not hopeful. The way it is I may be done with the E46 M3.

It would be sweet if i can swap in the engine into my E30, but not a project i am willing to undertake .
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Old Thu, Dec-07-2017, 03:01:38 PM   #26
Denniscastro
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Default Re: My M3 Totalled, Need Advice

there are plenty of very good condition 100k m3s out there, for the $ you're getting back, I wouldn't be worried at all. I would think you could find one with less miles, for less than $21k all in (to purchase). any m3 you will need a few grand off the bat, but that's normal. look every day, be patient, and find the gems that pop up. they made a lot of these cars, plenty of good ones still out there.
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Old Thu, Dec-07-2017, 06:01:10 PM   #27
JamesSJ1
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Default Re: My M3 Totalled, Need Advice

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Originally Posted by Denniscastro View Post
I would certainly try, show the ads etc, but I would even say what they initially offered you is high, more than I would have expected. I see cars with lower miles, very good condition pop up for thousands less,
I don't keep a constant watch, but I can tell you I also see them "pop up" all the time. You know what...every time I think the price is great, I dig a little and turn up accidents, or find out the seller didn't state anything about it being a salvage title. Tons of $10-15k variants in California show up all the time that appear great, tick all the right marks, and then you find out about the title or accidents. "Just a little fender bender" they say. Un-huh...really...an insurance company totaled a $20k car for just a little fender bender?
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Old Thu, Dec-14-2017, 06:46:59 PM   #28
z531519
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Default Re: My M3 Totalled, Need Advice

Just want to close a loop on this one. First thanks to all the feedback, it definitely helped in dealing with insurance. To be honest, there wasn't much negotiation but it's still good to learn from your feedback.

Anywho, after getting back to the adjuster last week with a simple autotrader search and explaining that I am seeing an average of 25K listed, the adjuster finally came back and gave me my price. She did say that she had to work on finding out more about these cars (not a lot of BMWs in Kansas she said) to make sure that what I was quoting was accurate. I guess the lesson is that you indeed need to help the adjuster to find the right value for your car -- especially specialty cars such as the M3.

I am guessing that because this is a 3rd party claim (i.e. i am not at fault), that it was easy for them to simply match my asking amount. I am fairly happy with the settlement and now I am going to take the whole winter to evaluate if I am going to find a replacement e46 M3.
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Old Thu, Dec-14-2017, 07:27:04 PM   #29
C///M
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Default Re: My M3 Totalled, Need Advice

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Originally Posted by z531519 View Post
Just want to close a loop on this one. First thanks to all the feedback, it definitely helped in dealing with insurance. To be honest, there wasn't much negotiation but it's still good to learn from your feedback.

Anywho, after getting back to the adjuster last week with a simple autotrader search and explaining that I am seeing an average of 25K listed, the adjuster finally came back and gave me my price. She did say that she had to work on finding out more about these cars (not a lot of BMWs in Kansas she said) to make sure that what I was quoting was accurate. I guess the lesson is that you indeed need to help the adjuster to find the right value for your car -- especially specialty cars such as the M3.

I am guessing that because this is a 3rd party claim (i.e. i am not at fault), that it was easy for them to simply match my asking amount. I am fairly happy with the settlement and now I am going to take the whole winter to evaluate if I am going to find a replacement e46 M3.
Great to hear. I didn't originally know your car was a comp pack. That right there easily made your Autotrader search that much more difficult which was good for your case. Sure they weren't that different, but the 05-06 production numbers were low.

That said, how much is the buy back price? If you have an E30 and the buy back is cheap, you'd be nuts not to grab the S54/trans/etc (unless you have an E30 M3; in that case, please keep the S14).

That said, with the money you received, you're close to an E9x M3 if you're looking for something more modern with a V8 growl.

Sent from my Nexus 6P using Tapatalk
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Old Thu, Dec-14-2017, 07:57:05 PM   #30
z531519
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Default Re: My M3 Totalled, Need Advice

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Originally Posted by C///M View Post
Great to hear. I didn't originally know your car was a comp pack. That right there easily made your Autotrader search that much more difficult which was good for your case. Sure they weren't that different, but the 05-06 production numbers were low.

That said, how much is the buy back price? If you have an E30 and the buy back is cheap, you'd be nuts not to grab the S54/trans/etc (unless you have an E30 M3; in that case, please keep the S14).

That said, with the money you received, you're close to an E9x M3 if you're looking for something more modern with a V8 growl.

Sent from my Nexus 6P using Tapatalk
I didn't bother asking the buyback, a trusted body shop simply told me to let it go.

The E30 is plain 4-door 325. The S54 will be a monster on that platform but I am technically not equipped to do such work, nor have the patience.

I'm looking at a 4-door E90, the 2-door styling just never grabbed me but the 4-door has the muscular appeal like the E46 does.

Reality is, I am not sure yet what i will do since 1 week prior to losing the car, I actually picked up a 1996 Land Cruiser as another project (i like old
cars/trucks) so getting another "new" car is distant to my mind right now.

I did tease the wife, told her that it's time to move on from an M3 to its natural transition -- a 911 vintage. It's got 4 seats honey, LOL!
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Discussing My M3 Totalled, Need Advice in the E46 M3 (2001-2006) Forum - Engine: S54 - Max Hp: 333 hp at 7,900 rpm / 262 lb/ft at 4,900 rpm
Total Produced: 45,000+ - Years Produced: 2001 to 2006. at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)