Hey guys, so I’m finally in the position to purchase my dream car. I’ve been avidly refreshing Craigslist and numerous other sites in search of an E90 or E92 M3. I’m looking for a 08/09 DCT with (preferably) 80k or less miles. My budget is roughly 25k. I’ve done hours upon hours of research on this M3 in hopes of knowing what I’m getting myself into. I apologize if this thread is overplayed, I’m just hoping to get some feedback/advice more perdinent to my own situation.
So I’ve seen some ‘horror’ stories regarding ‘common’ issues, such as rod bearing failure, throttle actuators, dct lag, idler air valve, etc... and honestly it’s terrifying to me as someone who is not mechanically inclined and really does not know what to look for specifically. This will be my second time purchasing a car on my own and if it comes down to it, first time purchasing from a dealer. I have nobody with the know-how that can accompany me or advise me. My current car is a 1999 323i e46 which I bought extremely cheap considering it needed a new transmission. That worked out for the most part initially, but now unfortunately it’s just one problem after the other, the car is no where near worth dumping any more money into it. But yes, I am aware that this a sports car, and it is going to cost a heap more on insurance/gas /maintenance/repair. I’ve set aside a financial cushion and have what I believe to be the income to upkeep the vehicle. I’m trying to avoid the repair scenario though.
So I guess my questions to you guys are: (P.S I live in Oregon if it makes any difference)
1. Is there anything specific I should be listening/looking out for? Common noises, feelings, visual, responses that should raise an immediate red flag? Even subtle. Should I be checking for oddities in fluids, suspension, dct, etc? Like I said I am not mechanically inclined so I really don’t know what to look for. I drive an old 3-series so knocks, noises, poor handling and weird feelings tend to be the norm for me, I’m afraid anything better than this would seem like perfection where as it could mean catastrophe for the M3.
2. Would an extended warranty be worth it? If I’d even be able to get one considering the age/mileage.
3. I’m unfamiliar on how dealership purchases work (I should do more research on this) but do dealerships typically have a “grace” period in which I will have a certain amount of time post or pre purchase to get the car fully inspected by BMW?
4. Given the M3 will most likely be in the 80k mile range, are there certain things I can expect to be replacing at this point in the cars life? Are there certain things that should have already been done to it that I should be aware of? Or what about the differences in years (2008/2009) would one be more “reliable” than the other?
5. Any other advice/guidance? I am really lacking confidence doing this on my own. and will take any advice given. I just really want this to work out and desperately don’t want to end up with a lost cause.
I apologize if that is a lot to answer, honestly I’ve already researched all of this and more, it was a whole lot of information to process and various threads/websites I dug through. I’m really hoping this will generate a single reference for me (or anyone in my shoes) to look back on. Most of the things I’ve read have gone in one ear and out the other unfortunately. A lot of it wasn’t specific to my situation either, which made it harder to discern things.
And sorry if this comes off more as a “Teach me how to buy a car” thread, I’d post on a general vehicle purchasing forum if it weren’t an M3, I’d just really like to hear from those of you who know the ins and outs of this vehicle or have been through the same thing. I really appreciate it, thank you.
So I’ve seen some ‘horror’ stories regarding ‘common’ issues, such as rod bearing failure, throttle actuators, dct lag, idler air valve, etc... and honestly it’s terrifying to me as someone who is not mechanically inclined and really does not know what to look for specifically. This will be my second time purchasing a car on my own and if it comes down to it, first time purchasing from a dealer. I have nobody with the know-how that can accompany me or advise me. My current car is a 1999 323i e46 which I bought extremely cheap considering it needed a new transmission. That worked out for the most part initially, but now unfortunately it’s just one problem after the other, the car is no where near worth dumping any more money into it. But yes, I am aware that this a sports car, and it is going to cost a heap more on insurance/gas /maintenance/repair. I’ve set aside a financial cushion and have what I believe to be the income to upkeep the vehicle. I’m trying to avoid the repair scenario though.
So I guess my questions to you guys are: (P.S I live in Oregon if it makes any difference)
1. Is there anything specific I should be listening/looking out for? Common noises, feelings, visual, responses that should raise an immediate red flag? Even subtle. Should I be checking for oddities in fluids, suspension, dct, etc? Like I said I am not mechanically inclined so I really don’t know what to look for. I drive an old 3-series so knocks, noises, poor handling and weird feelings tend to be the norm for me, I’m afraid anything better than this would seem like perfection where as it could mean catastrophe for the M3.
2. Would an extended warranty be worth it? If I’d even be able to get one considering the age/mileage.
3. I’m unfamiliar on how dealership purchases work (I should do more research on this) but do dealerships typically have a “grace” period in which I will have a certain amount of time post or pre purchase to get the car fully inspected by BMW?
4. Given the M3 will most likely be in the 80k mile range, are there certain things I can expect to be replacing at this point in the cars life? Are there certain things that should have already been done to it that I should be aware of? Or what about the differences in years (2008/2009) would one be more “reliable” than the other?
5. Any other advice/guidance? I am really lacking confidence doing this on my own. and will take any advice given. I just really want this to work out and desperately don’t want to end up with a lost cause.
I apologize if that is a lot to answer, honestly I’ve already researched all of this and more, it was a whole lot of information to process and various threads/websites I dug through. I’m really hoping this will generate a single reference for me (or anyone in my shoes) to look back on. Most of the things I’ve read have gone in one ear and out the other unfortunately. A lot of it wasn’t specific to my situation either, which made it harder to discern things.
And sorry if this comes off more as a “Teach me how to buy a car” thread, I’d post on a general vehicle purchasing forum if it weren’t an M3, I’d just really like to hear from those of you who know the ins and outs of this vehicle or have been through the same thing. I really appreciate it, thank you.