M3 $ value

das144 · 03-17-2013, 10:49 AM

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.

Rumspringerdaily · 03-17-2013, 11:11 AM

Quote:

Originally Posted by das144

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.

You want to spend that much on an e46 m3? Vs buying an E92?

spdy330 · 03-17-2013, 11:13 AM

I think that is way too much for a 2006. Good luck with your descision.

Kwando · 03-17-2013, 11:17 AM

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..

das144 · 03-17-2013, 11:31 AM

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.

Hurricane · 03-17-2013, 12:00 PM

Quote:

Originally Posted by das144

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.

Before making a decision on the E46 make sure you review the classified section on this site. I just looked and saw a very clean 2008 E92 with a lot of options with 44,000 miles for $40,000.

Giggs · 03-17-2013, 12:07 PM

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.

SWOT1 · 03-17-2013, 12:14 PM

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!

jeff4598 · 03-17-2013, 07:03 PM

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.

rjd598 · 03-18-2013, 12:08 AM

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

Tvan · 03-19-2013, 12:59 PM

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.

IHateSmartCars · 04-03-2013, 10:00 AM

http://greensboro.craigslist.org/cto/3625887922.html

2003 E46 M3 Vert... MINT 31K looking at $25.5K

Braap · 04-14-2013, 01:21 AM

Quote:

Originally Posted by das144

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.

I wish I was the guy selling this sucker to you bro...just sayin.

Obioban · 04-14-2013, 06:52 AM

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.

jcwilcox · 05-07-2013, 10:03 PM

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.

copescobra · 05-26-2013, 06:46 PM

Be careful on the idea of selling it later for anything substantial.
I have noticed that the SMG trans does not command much money

Endless619 · 06-02-2013, 01:21 PM

Quote:

Originally Posted by das144

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.

Way to much for an E46. I would honestly tell him $28k cash and if he says no, walk. Just not worth it and being an SMG will be a slighly harder to sell car.

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..

Small Yellow · 08-02-2013, 06:06 PM

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.

andre cavor · 08-16-2013, 11:04 AM

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......

03-17-2013, 10:49 AM	#1
das144 Second Lieutenant Drives: 997.2 Join Date: Aug 2010 Location: ... Posts: 200 iTrader: (0)	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.
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03-17-2013, 11:13 AM	#3
spdy330 Major General Drives: 05 Tundra, 11 M3, 08 Odyssey Join Date: Dec 2009 Location: Chino, CA Posts: 5,839 iTrader: (154) Garage List 2011.75 BMW M3 [4.40] 2006 BMW 330i - SOLD [5.00]	I think that is way too much for a 2006. Good luck with your descision. __________________ - 2006 E90 330i TiAG retired. - 2011.75 E90 M3 - BMW Performance Exhaust, BMW Performance Grills, Lux H8 V3, Reflector delete Euro style, Ceramic Tint 58%, Brembo 380mm BBK, V1 with custom multi-color display by www.Radar-Mirror.com - custom radar mount by www.performancepackage.com.
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03-17-2013, 12:14 PM	#8
SWOT1 The Hammock Man Drives: 2009 BMW E93 M3 DCT Join Date: Jan 2013 Location: Orlando, FL Posts: 153 iTrader: (0) Garage List 2009 BMW E93 M3 [4.00]	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! __________________ _________________________ '09 E93 M3 \| Alpine White \| Bamboo Beige Novillo Leather \| Anthracite Wood Trim \| DCT \| Premium Package \| Technology Package \| Cold Weather Package \| Enhanced Premium Sound \| Chrome OEM 19” M220 Wheels \| 275/255 PSS Tires \| Wind Deflector \| Global Tint \| Passport 9500ix \| When you’re not cruisin’ in your M, let us help you relax... www.myhammock.com
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03-17-2013, 07:03 PM	#9
jeff4598 Lieutenant Drives: 2009 e90 AW/BB lotsa Dinan Join Date: Jan 2009 Location: new jersey Posts: 412 iTrader: (0)	SMG<<<DCT 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.
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03-18-2013, 12:08 AM	#10
rjd598 Brigadier General Drives: 10' M3 Join Date: Jan 2009 Location: San Diego,CA Posts: 4,265 iTrader: (2) Garage List 2010 BMW M3 [4.50] 1999 BMW M3 [0.00]	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 __________________ 10 E90 M3/dct/ztp/zpp/heated seats/eps/19'/iPod retired- 08 535i/nav/prem./L7/ipod retired- 06 325i/nav/prem./sat/xenons/style 128
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03-17-2013, 11:17 AM	#4
Kwando Captain Drives: Yes Join Date: Jan 2011 Location: London, Ontario Posts: 773 iTrader: (0)	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..
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03-17-2013, 11:31 AM	#5
das144 Second Lieutenant Drives: 997.2 Join Date: Aug 2010 Location: ... Posts: 200 iTrader: (0)	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.
	0

03-17-2013, 12:07 PM	#7
Giggs Major Drives: R8 Join Date: Jul 2008 Location: SoCal Posts: 1,118 iTrader: (5)	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.
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03-19-2013, 12:59 PM	#11
Tvan New Member Drives: 2003 CB M3/6MT Coupe Join Date: Mar 2013 Location: Chicago Posts: 12 iTrader: (0)	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. __________________
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04-03-2013, 10:00 AM	#12
IHateSmartCars New Member Drives: 2007 BMW 335i Join Date: Mar 2011 Location: North Carolina, Piedmont Triad Posts: 15 iTrader: (0) Garage List 2003 BMW M3 Vert [0.00]	Got a MINT ONE for you! http://greensboro.craigslist.org/cto/3625887922.html 2003 E46 M3 Vert... MINT 31K looking at $25.5K
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04-14-2013, 06:52 AM	#14
Obioban Captain Drives: 05 M3, 95 M3 racecar, 01 M5 Join Date: Apr 2008 Location: West Chester, PA Posts: 655 iTrader: (0)	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. __________________ 2005 IR/IR M3, 2001 LMB/blk M5, Wife's e91, 1995 S50 B32 GT3 RS Green M3 Race Car Last edited by Obioban; 06-14-2013 at 11:02 AM.
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05-07-2013, 10:03 PM	#15
jcwilcox John Wilcox Drives: 2000 Dinan S3 "M5 WGN" Join Date: Sep 2006 Location: Phoenix, AZ Posts: 3 iTrader: (0) Garage List 2000 540iT Sport Wagon [0.00]	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.
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05-26-2013, 06:46 PM	#16
copescobra Registered Drives: e46 M Join Date: May 2013 Location: los ángeles Posts: 2 iTrader: (0)	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
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08-02-2013, 06:06 PM	#18
Small Yellow Track Addict Drives: 2010 BMW M3 E92 \| 2008 Z4M E86 Join Date: Oct 2009 Location: Orange County, California Posts: 703 iTrader: (0)	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
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08-16-2013, 11:04 AM	#19
andre cavor Registered Drives: E46 M3 SMG Join Date: Aug 2013 Location: Solon Ohio Posts: 4 iTrader: (0)	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......
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