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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 Fri, May-12-2017, 05:34:18 PM   #1
euromamba23
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Arrow What's a fair price for this M3?

Hey All,

I'm just trying to figure out what would be a fair purchase price for a e46 m3 I'm looking at.

Its a 2003 M3 - Alpine white exterior with nappa black interior. Smg. 58k miles.

No damage and clean title. Just has a scratch on the rear bumper.

Comes with stock 19's with new tires wrapped around em'.

Hoping to make a fair offer, just looking for some insight as to what the market value would be for this one.

Thanks guys.
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Old Fri, May-12-2017, 05:41:16 PM   #2
bostonbruck
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Default Re: What's a fair price for this M3?

My guess a fair price is right around 18-20k. IMO it's hard to keep track of prices unless it's a 6mt coupe. Low miles which is good and also alpine white adds a little value. It depends on the mechanical condition and the amount of maintenance done. Vanos, rod bearings, subframe? inspections? have they been done?
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Old Fri, May-12-2017, 08:25:16 PM   #3
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Default Re: What's a fair price for this M3?

Quote:
Originally Posted by bostonbruck View Post
It depends on the mechanical condition and the amount of maintenance done. ... inspections? have they been done?
This info is applicable.
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Old Fri, May-12-2017, 08:47:49 PM   #4
euromamba23
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Default Re: What's a fair price for this M3?

-New battery 5/7/2017
-Inspected on 5/8/2017

SES light is on for the 02 sensor bank 1 and also throwing a code for secondary air system(low flow)

Regular maintenence has been done. Owner is not sure is valve adjustment has been done during previous ownership.

Rod bearing recall has been performed and subframe is in good condition.

Exterior mods- Angel eyes.

That's what i have got from the owner so far.
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Old Fri, May-12-2017, 09:06:31 PM   #5
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Default Re: What's a fair price for this M3?

Really hard to say without mentioning specific maintenance items or pictures. Some people are more picky than others about some things. Is it the 03.5 (LCI)? Has inspection ii been performed yet? How is it around the edges? Curb rash, brake life are all things to consider. You also did not mention if it was coupe or vert - that can change the value a bit too.

Assuming the following(along with what you said:
-It's a coupe
-interior exterior condition is 7-8/10
-inspection ii, subframe, vanos and valve adjustment needs to be performed

I'd say fair market is somewhere around 18k. Obviously if any of those assumptions are incorrect that can add or subtract from the value. If you're serious about buying the best thing you can do is take it to an independent shop that (ideally) specializes in BMWs and have a pre-purchase inspection done. At the end of the day the car is worth what you're willing to pay for it.
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Old Fri, May-12-2017, 10:00:57 PM   #6
euromamba23
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Default Re: What's a fair price for this M3?

My apologies!! Yes it is a coupe, it is also the 2003.5 with the LCI tail lights. He is not sure if Inspection 2 has been performed by the previous owner, but he has not done it either.

Exterior wise it is about a 8/10. Light scratch on rear bumper and one wheel has noticeable curb rash. Leather interior is very good with no rough seat wear.

Thanks for the comments fellas, helps me out quite a bit.
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Old Fri, May-12-2017, 10:36:28 PM   #7
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Default Re: What's a fair price for this M3?

Get a PPI done at a reputable shop, post results here, untill thats done its all a crapshoot and speculation, PPI per se would not give definitive answer on the car, but it would give you a general overview.
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Old Fri, May-12-2017, 11:24:52 PM   #8
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Default Re: What's a fair price for this M3?

Get a PPI - then you'll be able to determine value.

Make the owner get whatever work is needed to clear those issues (SES, et al). Then drive it and then check codes during PPI.

Fix first. PPI second.
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Old Sat, May-13-2017, 12:13:51 AM   #9
v1rotate1
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Default Re: What's a fair price for this M3?

As a suggestion..... go out and look at some other ones as well. It will give you a feel for whats available, what the market is holding for prices, and give you a better feel for when a good one comes up for sale because you'll know it.

Condition, maintenance history, (Written record only) word of mouth about maintenance is BS and useless, mileage and wether any modifications (good or bad) have been done or not, etc all come into play.
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Discussing What's a fair price for this M3? 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)