Buying an E92 M3

[13M5F10]

HELP!

I am in the market and looking for something fun to drive. I am looking at both the e46 and M3. Yesterday, I came across this M3 and was curious, what would you guys pay for it. The dealer is asking for $19K i think they are smoking crack. They told me $17K and I think its not even worth that. Would you buy this? KBB puts this car around $13K on the high end for fair condition. I don't think this is good condition.

2009 BMW M3 Coupe 2Dr. - DCT w/ CF Roof - Alpine White / Black Interior
Mileage: 109K
Owners: 7 Owners
Damage Reported: 2 (Front & Rear Minor)
Mods:
Apex Wheels / Tires (New)
Custom Exhaust
CF Spoiler
CF Diffuser
ABS Front Spoiler (Looks like eBay replicate of a vorsteiner lip)

Visible issues
- Bumper needs to be refinished
- No maintenance records aside from what i can get from BMW which is maintained to 80K miles.
- Steering wheel needs to be refinished, the leather is torn up (track car?)
- Rod Bearings will need to be replaced as I don't see any records it was done.
- Interior has no tears, rips, or scuffs. Just heavy wear on the leather, needs some leather treatment.

The rest seems stock.

S1CA SELECTION COP RELEVANT VEHICLES
S2MD M Drive
S2MK M twin-clutch transm. with Drivelogic
S2MT BMW LA wheel, M double spoke 220
S2VB Tyre pressure control (TPC)
S4AE Armrest front, retractable
S4MY Int.trim,leather,carbon struct.,black
S4NA Interior mirror with digital compass
S5GA Preparation alarm system
S6AA BMW TeleServices
S6AB Control, Teleservices
S6FL USB/audio interface
S6NF Connection, MP3 player in mobile phone
S6UH Traffic Information
S8SC Telematics access request,country-spec.
S8SP Control unit COP
S223 Electronic Damper Control (EDC)
S313 Fold-in outside mirror
S319 Integrated universal remote control
S322 Comfort access
S431 Interior rear-view mirror with auto dip
S441 Smoker package
S459 Seat adjustment, electric, with memory
S464 Ski bag
S490 Adjustment, seat-backrest width
S494 Seat heating driver/passenger
S502 Headlight cleaning system
S521 Rain sensor
S522 Xenon Light
S524 Adaptive Headlights
S534 Automatic air conditioning
S540 Cruise control
S563 Light package
S609 Navigation system, Professional
S615 Extended BMW Online Information
S620 Voice control
S639 Preparation f mobile phone cpl. USA/CDN
S645 BMW US Radio
S653 High Definition Radio
S655 Satellite tuner
S697 Area-Code 1 for DVD
S752 Individual audio system
S760 High gloss shadow line
S775 Headlining anthracite
S845 Acoustic fasten seat belt reminder
S853 Language version, English
S876 Radio frequency 315 MHz
S925 Dispatch protection pack

[MikeyDawg]

KBB isn't a good guage for the value/market on these cars.

E9xs m3 with rebuilt titles don't usually even sell that low.

[13M5F10]

Originally Posted by MikeyDawg

KBB isn't a good guage for the value/market on these cars.

E9xs m3 with rebuilt titles don't usually even sell that low.

Thanks for the feedback. Whatcha think it's worth? What would you pay?

[MikeyDawg]

Originally Posted by 13M5F10

Thanks for the feedback. Whatcha think it's worth? What would you pay?

Really hard to say without giving it a thorough inspection.

For me the question isn't just "what's it worth", but what are other potential immediate costs.

I think most will tell you to plan for RBs immediately with that mileage but every maintenance item on this car will add up quick as well unless you plan to DIY... even still $$.

Any local shops you could get a PPI? Or know a mechanic you could have look at the car?

What's your max budget?

[850tgul]

Originally Posted by MikeyDawg

KBB isn't a good guage for the value/market on these cars.

E9xs m3 with rebuilt titles don't usually even sell that low.

Check out car gurus for a better valuation of the car. You’ll see what they are actually selling for.

[gillara]

We need pictures.

[STooK]

You might be better off paying $25k for a much better example and save yourself the headache. Accident history with 7 owners and no maintenance records...I don’t even need to see pictures of the car to know to stay far far away.

[MP0W3RD]

The 7 owners and spotty maintenance history would give me serious pause.

Regardless of the history of the car though, make sure you get a Pre-Purchase Inspection at a reputable shop or BMW Dealer. This will save you a ton of headache later on.

KBB is a nice tool, but they don't sell cars. People will pay much more than KBB value for an excellent example or the right spec.

I hope you find the right car as these things are really amazing to drive and own!

[amrazM]

dont buy junk, it costs more in the long term.

[dantm3]

Originally Posted by amrazM

dont buy junk, it costs more in the long term.

Agree with this.. spend a little more and get a car you can get history on. I prefer to shop
Cars that already have major maintenance done because if you pay 18k and then have to pay 4-5k in repairs and rod bearings, you might as spend 25k upfront and get some history and maintenance done.