Good deal? BMW M3

Discussion in 'OT Driven' started by Bleed, May 8, 2007.

  1. Bleed

    Bleed New Member

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    2003 BMW M3 SMG
    45,000 miles

    Fully loaded except Nav.

    $32,000? (I'm planning on offering $30,000)

    Full maintenance shown and no problems during 2 test drives.
     
  2. that's a pretty good deal, esp since it's an SMG. be sure to check the subframe for damage before offering 30. I'm pretty sure they won't accept unless it was cash upfront, but if there is subframe damage there might be a chance they will take the offer.

    40-60% chance there is some type of subframe damage under there.
     
  3. Bleed

    Bleed New Member

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    carfax is clean. no accidents etc. its just a saturated market for M3's right now. Edmunds TMV is around $34000. He originally offered $34,000, but dropped it to $31,900 after he couldnt sell it for a couple months. he also bought a 5 series recently so he has 2 car payments going right now.
     
  4. Mjolnir

    Mjolnir WHM6D > *

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    Warranty? Extended maintenance?

    Contact your local BMW dealership and have them run the VIN through their system.

    If the car is still under warranty and maintenance I'd say go for it, but if not maybe keep looking.
     
  5. Cachee0

    Cachee0 OT's Technical Recruiter, Send me your resume

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    I don't know about that plus you can't really see the damage with out taking out the subframe.
     
  6. Bleed

    Bleed New Member

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    Out of warranty.
     
  7. Bleed

    Bleed New Member

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    no accidents. properly maintained. i really see no negatives, except the miles are a little higher than i like. :hs:
     
  8. Cachee0

    Cachee0 OT's Technical Recruiter, Send me your resume

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    Just dish out the coin to change all the oils you'll be fine. The miles are right for the year. I have a 01 with out any issues.
     
  9. it's easy to check for subframe damage on the e46. all you need are wheel ramps or jack the car up and check the subframe for cracks. most subframe damage is pretty visible from underneath the car.
     
  10. Cachee0

    Cachee0 OT's Technical Recruiter, Send me your resume

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    Not true were the damage starts is under the were the subframe connects. I have seen a few M3s with out any visable damage and when installing the turner kits and removing the subframe you can see the cracks forming.
     
  11. most subframe damage has visible crack damage from underneath the car. if the crack is just beginning to form, it will be visible within a matter of months. and that turner kit is expensive to install :(
     
  12. Cachee0

    Cachee0 OT's Technical Recruiter, Send me your resume

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    That's only when the unibody is really shot. Bottom line even if you can't see the cracks does not mean it's not there. And yes I just paid 1950 not including the kit to have it installed. About 23 hours of labor to do this kit.
     
  13. Bleed

    Bleed New Member

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    I just found a 2002 w/ 32,000 miles on it. Owned by a BMW tech that bought it for a super low price from BMW. Going to see it saturday. He can sell for under $30,000 and still make money on the car so I'll have to see what happens this weekend.
     
  14. Cachee0

    Cachee0 OT's Technical Recruiter, Send me your resume

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  15. Bleed

    Bleed New Member

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    been looking forever...im sick of looking. i need to buy :)
     
  16. Cachee0

    Cachee0 OT's Technical Recruiter, Send me your resume

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    I looked over two months until the right car came along. Your not buying new so the time you spend now is the money you save later.
     
  17. poweraid

    poweraid OT Supporter

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    e46 m3's will drop a lot more once the e92's come out but I would offer on that 02 in a heartbeat. Definitely a good deal.
     
  18. Bleed

    Bleed New Member

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    Very true. But this silver 2002 with 32,000 on it might be good. It's CPO'd until next year and the last owner was a BMW service tech so he did all the work on his own car.
     
  19. Mjolnir

    Mjolnir WHM6D > *

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    Buy it.

    If you know the guy or he seems straight, that's gonna be a good car.

    If the tech owned it for any length of time BMW paid him to fix his own car, which means most everything covered by warranty is fixed and the job was done right.

    He probably also fixed most of the little crap regualr owners can't/won't get taken care of.

    If the price is right pull the trigger.
     
  20. Cachee0

    Cachee0 OT's Technical Recruiter, Send me your resume

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    I don't think they will drop that much the new car is going to start a 55K. I think E46s will hold there own for a little while even with the new car.
     
  21. Bleed

    Bleed New Member

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    ok just agreed to the 2002. the guy is working on putting new brakes and updating the software for oxygen sensors tomorrow. we agreed on $31,500 for the car.

    It needs new front tires in about 10,000 miles and about $150 to repaint the front bumper but its in great shape otherwise. Nice to have a BMW tech who replaced everything under the sun because he had access to the parts.
     
  22. Bleed

    Bleed New Member

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    i asked the guy about the subframeshit, but the guy said he mostly saw problems with that from people who used shitty springs to lower the car. otherwise he said he didnt see any problems with the M3's he's serviced regarding this issue...
     
  23. Mjolnir

    Mjolnir WHM6D > *

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    Don't tell the fanatics that.

    They are absolutely convinced that it is a BMW problem, and that abuse had nothing to do with it.
     
  24. Bleed

    Bleed New Member

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    i was looking on e46fantics and it looks like it's primarily an issue with the 3 series and not the M :dunno:
     
  25. qtipboy

    qtipboy They taste like burning!

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    when will you have the car in your possesion?
     

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