Login
![]() |
|
![]() |
03-17-2013, 11:49 AM | #1 |
Second Lieutenant
![]() 51
Rep 216
Posts |
M3 $ value
We found a 2006 e46 M3 with only 3k miles.
Convertible, SMG, long list of dealer installed Dinan options. I think I can get the car for $38k. My question for everyone is: Will a low mileage e46 hold its value. I will likely drive and enjoy the car for 2 years. When I sell it will be 2015 and the car will likely have 24k miles on it. Still a VERY low mileage car. The car is in perfect condition now (I mean not even a wrinkle in the leather on the drivers seat) and I keep my cars immaculate so it will stay in this condition. Is it insane to pay close to 40k for a 2006 M3 or do the miles and condition of this car justify it. Thinking it will depreciate but not so much with the very low mileage and the fact that there is a pretty strong following for the e46 //M cars. |
03-17-2013, 12:11 PM | #2 | |
Banned
9
Rep 104
Posts |
Quote:
You want to spend that much on an e46 m3? Vs buying an E92? |
|
Appreciate
0
|
03-17-2013, 12:13 PM | #3 |
Major General
![]() ![]() ![]() 438
Rep 6,154
Posts |
I think that is way too much for a 2006. Good luck with your descision.
__________________
If you will be purchasing ANY AT&T services online or in store could you mention that you were referred by me? My Employee Referral ID is eo4489. This would be a great help and it costs you nothing, thank you!
|
Appreciate
0
|
03-17-2013, 12:17 PM | #4 |
Major
![]() ![]() 355
Rep 1,353
Posts |
Cars with that low of milage aren't necessarily the best deals to go for. This one in particular, for example, has been sitting most of it's life having done less than 500 miles a year. I think it's a common misconception that just because it's basically showroom condition with no miles on it that it's still worth huge sums when in reality it's old and dated..who knows what problems are hiding from sitting around for 7 years. I wouldn't recommend it when you can spend a little more on a E9x that's actually been driven some miles and maintained accordingly. I personally dont think there people will be lining up to buy a E46 M3, which will be nearly 10 years old, in 2015 who will pay a premium just because it's low milage. It's not a E30..
|
Appreciate
0
|
03-17-2013, 12:31 PM | #5 |
Second Lieutenant
![]() 51
Rep 216
Posts |
Appreciate the feedback... I havent seen a nice e9X with low miles for $38k. The ones I have found aren't in the condition i would want. I specifically posted this here because I knew if I posted in the e46 forum I would likley have people telling me the e46 will hold value - needed some perspective.
|
Appreciate
0
|
03-17-2013, 01:00 PM | #6 | |
Lieutenant
![]() ![]() ![]() ![]() 51
Rep 549
Posts
Drives: 2015 C63 507
Join Date: Aug 2011
Location: New England
|
Quote:
|
|
Appreciate
0
|
03-17-2013, 01:07 PM | #7 |
Major
![]() ![]() 129
Rep 1,129
Posts |
Go on autotrader.com and some other sites and look at what e46's are selling for that have ~24k miles on them. That will give you an idea of how much money you will lose over the next two years. Then estimate another 20% or so depreciation on top of that. I would imagine when you go to resell the car in 2015 that you'll get less than $20k for it. Obviously this is totally a guess but its a car and a depreciating asset. If you really want an e46 i would suggest finiding one with more miles that you can buy now for half as much, then in 2 years when you go to resell it you won't lose your rear on it. If you like wasting money tho, buy this one.
|
Appreciate
0
|
03-17-2013, 01:14 PM | #8 |
The Hammock Man
![]() 105
Rep 323
Posts
Drives: 2009 E93 M3 DCT, 2018 X3 M40i
Join Date: Jan 2013
Location: Orlando, FL
|
I’d highly suggest shopping for a CPO 2009-10 E9x! You can definitely find a clean, low mile (with extended warranty!) E90 or E92 for around $40k. If you plan on using it as your DD, this is the way to go!! Not to mention that the DCT is significantly better than the SMG!
__________________
![]() - '18 X3 M40i | Alpine White | Beige/Black Leather | 21" Wheels | Executive/Premium/Driver Assist Plus Packages | Adaptive M Suspension | HK | Apple CarPlay | Vented Seats |
Appreciate
0
|
03-17-2013, 08:03 PM | #9 |
Lieutenant
![]() ![]() ![]() 44
Rep 571
Posts |
![]()
Even if you have tried the SMG in stop and go and around town and YOU think it's ok, many others do not share that perspective making car a hard sell IMO.
|
Appreciate
0
|
03-18-2013, 01:08 AM | #10 |
Major General
![]() ![]() ![]() 492
Rep 6,051
Posts
Drives: E90 M3/ F30 328i
Join Date: Jan 2009
Location: San Diego,CA
|
You need to negotiate on the price so that you won't take a big hit when you resell. However you're buying a vert with smg and I'm guessing the color combo is like silver on silver or something like that basically not as desirable. The low mileage when you resell might allow you to get a fair price for it but other than that it'll be a total loss on your part
__________________
![]() |
Appreciate
0
|
03-19-2013, 01:59 PM | #11 |
New Member
0
Rep 13
Posts |
That's a large price to pay for a seven year old car, given what you would pay for an e90/92 with reasonable mileage.
For reference, I found my car this past December. It is a 2003.5 Coupe with a manual and had 26k miles on it when purchased, literally in showroom condition. I paid just over 25k for the car.
__________________
![]() |
Appreciate
0
|
04-03-2013, 11:00 AM | #12 |
New Member
![]() 0
Rep 18
Posts
Drives: 2011 BMW 335IS c
Join Date: Mar 2011
Location: North Carolina, Piedmont Triad
|
Got a MINT ONE for you!
|
Appreciate
0
|
04-14-2013, 02:21 AM | #13 | |
Banned
![]() -52
Rep 183
Posts |
Quote:
|
|
Appreciate
0
|
04-14-2013, 07:52 AM | #14 |
Emperor
426
Rep 1,715
Posts |
It's priced appropriately to its mileage now. If you drive it to 24k miles, it's going to depreciate significantly.
Buy a car with at least 50,000 miles if you want to limit depreciation. SMG and vert isn't going to do anything good for its resale value down the road.
__________________
Last edited by Obioban; 06-14-2013 at 12:02 PM. |
Appreciate
0
|
05-07-2013, 11:03 PM | #15 |
John Wilcox
![]() 0
Rep 3
Posts
Drives: 2002 M3 Cabrio
Join Date: Sep 2006
Location: Phoenix, AZ
|
I just bought a 2002 Imola Red M3 convertible 6spd with 36,000 miles for $17,500 off CL from a local Phoenix owner. The car is in very nice condition but had not been given all its scheduled service (valve adjustment, etc.) so I've spent $1,700 on a full Inspection II and a few hundred more on new mats, strut brace and windscreen. I looked across the country and didn't see any manual convertibles close to this deal with this mileage. But I agree with most others here that an E9X makes much more sense if you're going to spend $40K. Good luck with your hunt.
|
Appreciate
0
|
05-26-2013, 07:46 PM | #16 |
Registered
0
Rep 2
Posts |
Be careful on the idea of selling it later for anything substantial.
I have noticed that the SMG trans does not command much money
__________________
1972 BMW Tii
2000 Integra Type R 1970 Boss 302 |
Appreciate
0
|
06-02-2013, 02:21 PM | #17 | |
DHS
![]() 90
Rep 3,928
Posts
Drives: 2014 Range Rover Black Edition
Join Date: Oct 2010
Location: Disneyland
|
Quote:
Hell, I sold my 02 E46 M3 for like $10-$12k like 2 years ago. It wasnt worth much. Had 90k miles though but had Brembos, KW V3s, Rims, etc.. |
|
Appreciate
0
|
08-02-2013, 07:06 PM | #18 |
Track Addict
![]() 59
Rep 798
Posts
Drives: 2010 BMW M3 E92 | 2008 Z4M E86
Join Date: Oct 2009
Location: Orange County, California
|
If it was manual and Coupe (not vert) then it is justifiable if someone buys it. Theres one with 4800k mi going for 48000 on bmwcca classified. I am not saying that bmwcca one is worth the money but you guys get the idea. Personally I have been looking for a clean one and am having a hard time finding a clean one.
__________________
BMW ///M3 Coupe
Completed November 16, 2009 Received December 29,2009 BMW //M Coupe November 4, 2013 |
Appreciate
0
|
08-16-2013, 12:04 PM | #19 |
Registered
0
Rep 4
Posts |
I own a 06 silver smg every option excellent condition directly from BMW with 24500 miles on it and I paid $19,200 out the door cash so yes that's way to much 19' rims all the bells and whistles halo lights led tail lights dinan intake exhaust......
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|