Low end of the market M3 pushing it?

Bitter · 12-03-2011, 06:56 AM

hey everyone first post, today I hit half my target goal for a weekend sports car and have 6 more months to raise the rest. (40k total)

I've noticed there are a few E46 M3s under 50K now, thing is I want the SMG and I think that is just asking for trouble at this price point no?

Alternatively I could save longer and go into the 50k+ range but I'm not sure how much longer I can wait.

Have had some time with the car already and I love it, counting down the months till I can actually start looking for one without "dreaming"

The car will only be driven on the weekends and randomly during the week should I need to drive anywhere, my work is less than 6 minutes from my house so no point driving.

I have a lot of reading up to do and research ahead of me before I get myself into a bitter lemon.

Tomislav · 12-03-2011, 10:08 PM

If you want something now, and can get it, then get it if you really want it. I took 6 months to find the right E92, and am more than happy with it.

RN318 · 12-03-2011, 10:12 PM

What you pay for is what you get.
It is worth waiting for the right one and yes, it is worth the extra money too.

M3BAS · 12-04-2011, 10:00 PM

Lower price is due to higher kms, average condition or combination of the 2. So generally expect higher maintenance costs and corresponding lower value come re-sale time.

People aren't stupid, if they have a nice example they aren't going to give it away- dealers are the same.

Bitter · 12-06-2011, 12:46 AM

I've been answering my own questions reading forums and googling thanks guys for the info thus far, I'll probably end up saving longer really don't want to finance anything especially for a weekend car thanks again.

woosh · 12-10-2011, 08:52 PM

I know of someone who got an 07 M3 for 75k through an auction. Didn't have extremely high km's either. Just got to be patient... it's a buyers market right now.

JOM3JO · 12-18-2011, 09:17 PM

Wow.....75k for e92m3? watch out! You get what you paid! thats the rules....

MFKN3 · 12-19-2011, 11:11 PM

Quote:

Originally Posted by JOM3JO

Wow.....75k for e92m3? watch out! You get what you paid! thats the rules....

Yeah man, those chains straighten the chassis out real well

woosh · 12-21-2011, 06:42 AM

Quote:

Originally Posted by MFKN3

Yeah man, those chains straighten the chassis out real well

It wasn't damaged. They're getting close to 5 years old now... RRP doesn't mean much anymore.

pcockley · 12-21-2011, 09:48 PM

Quote:

Originally Posted by woosh

It wasn't damaged. They're getting close to 5 years old now... RRP doesn't mean much anymore.

There is a few for sale asking under 90K for the 07 model with under 50K's, less than 15k PA. I have a mate who bought new in late late 07 and he is still crying into his milk after I showed him carsales, he thought he was looking at over 100k still

aussiem3 · 12-22-2011, 08:08 AM

Mine was one of the first customer cars. I don't care what they are going for now because I have no intensions to part with it.

The dealer offered me $75k for a six-year old E46 M3 when I bought the E92, but I sold mine privately. It looks like by the time the new M3 arrives in 2013/14, the E92 will be worthless and could be offered under $50k as a trade-in. That's pathetic. From what I have heard, unlike the E46 M3, the E92 M3s have sold well in Australia. It is good for BMW but not for customers.

12-03-2011, 06:56 AM	#1
Bitter Registered 2 Rep 4 Posts Drives: N/A Join Date: Dec 2011 Location: Perth, Australia iTrader: (0)	Low end of the market M3 pushing it? hey everyone first post, today I hit half my target goal for a weekend sports car and have 6 more months to raise the rest. (40k total) I've noticed there are a few E46 M3s under 50K now, thing is I want the SMG and I think that is just asking for trouble at this price point no? Alternatively I could save longer and go into the 50k+ range but I'm not sure how much longer I can wait. Have had some time with the car already and I love it, counting down the months till I can actually start looking for one without "dreaming" The car will only be driven on the weekends and randomly during the week should I need to drive anywhere, my work is less than 6 minutes from my house so no point driving. I have a lot of reading up to do and research ahead of me before I get myself into a bitter lemon.
	Appreciate 0 Tweet Quote

12-03-2011, 10:08 PM	#2
Tomislav Panty Schtuffer 21 Rep 320 Posts Drives: 2008 E92 M3 Coupe Join Date: Aug 2011 Location: Perth, Orstralya! iTrader: (0) Garage List 2008 BMW M3 [0.00] 2010 BMW X6M [0.00] 1997 BMW 323i [0.00] 1994 BMW M3 [8.00]	If you want something now, and can get it, then get it if you really want it. I took 6 months to find the right E92, and am more than happy with it. __________________ .: 2010 E71 X6M - stock, daily driver, towcar :. .: 2008 E92 M3 - 6MT, Carbon Roof, Eibach Springs, Megan Axle Back exhaust :. .: 1997 E36 323i Frankenstein - too much to list, track whore, stripped, caged, MoTeC, S85B50 :. .: 1994 E36 M3 3.0 - 19" BBS LM Reps, Bilsteins :.
	Appreciate 0 Quote

12-03-2011, 10:12 PM	#3
RN318 Private First Class 4 Rep 174 Posts Drives: BMW :D Join Date: Aug 2007 Location: Australia iTrader: (0)	What you pay for is what you get. It is worth waiting for the right one and yes, it is worth the extra money too.
	Appreciate 0 Quote

12-04-2011, 10:00 PM	#4
M3BAS New Member 0 Rep 15 Posts Drives: E46 M3 Join Date: Apr 2010 Location: Perth, Australia iTrader: (0)	Lower price is due to higher kms, average condition or combination of the 2. So generally expect higher maintenance costs and corresponding lower value come re-sale time. People aren't stupid, if they have a nice example they aren't going to give it away- dealers are the same.
	Appreciate 0 Quote

12-06-2011, 12:46 AM	#5
Bitter Registered 2 Rep 4 Posts Drives: N/A Join Date: Dec 2011 Location: Perth, Australia iTrader: (0)	I've been answering my own questions reading forums and googling thanks guys for the info thus far, I'll probably end up saving longer really don't want to finance anything especially for a weekend car thanks again.
	Appreciate 0 Quote

12-10-2011, 08:52 PM	#6
woosh Colonel 212 Rep 2,938 Posts Drives: rs Join Date: Dec 2007 Location: bne iTrader: (0)	I know of someone who got an 07 M3 for 75k through an auction. Didn't have extremely high km's either. Just got to be patient... it's a buyers market right now.
	Appreciate 0 Quote

12-18-2011, 09:17 PM	#7
JOM3JO Private First Class 9 Rep 161 Posts Drives: e92 m3 Join Date: Mar 2010 Location: sydney iTrader: (0)	Wow.....75k for e92m3? watch out! You get what you paid! thats the rules....
	Appreciate 0 Quote

12-22-2011, 08:08 AM	#11
aussiem3 Colonel 274 Rep 2,664 Posts Drives: Goggomobil Join Date: Jul 2007 Location: Kangaroo land iTrader: (1) Garage List 2017 BMW X6/// F86 [0.00]	Mine was one of the first customer cars. I don't care what they are going for now because I have no intensions to part with it. The dealer offered me $75k for a six-year old E46 M3 when I bought the E92, but I sold mine privately. It looks like by the time the new M3 arrives in 2013/14, the E92 will be worthless and could be offered under $50k as a trade-in. That's pathetic. From what I have heard, unlike the E46 M3, the E92 M3s have sold well in Australia. It is good for BMW but not for customers. __________________ F86 X6///
	Appreciate 0 Quote