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tgee
06-29-2005, 08:36 PM
I'm looking at buying an 02 M3 conv. with 59000 miles for $37000. They say it has the 100,000 mile warranty but it's only good for 'lubricated interior parts'. Carfax verifies 1 owner and everything else looks good. Is there anything I should know about this model year and does this seem like a fair price? Blue Book shows it being right in the private party to dealer range. Any comments would be most welcome! Thanks.

The HACK
06-29-2005, 09:20 PM
It is a ticking time-bomb waiting to go off. More than likely that engine will self destruct well before the 100,000 mile warranty is up, and even if it doesn't self destruct, it will after the 100,000 mile marker and leave you with a big repair bill.

An inordinate percentage of MY '02 M3s had engines that basically exploded.

bren
06-30-2005, 05:41 AM
An inordinate percentage of MY '02 M3s had engines that basically exploded.
Which is why they have the rod bearing service action.

tgee
06-30-2005, 06:25 AM
So it's not such a great deal huh? :cry: I've been looking at both the M3 and 330 and this one came up at what seemed like a pretty reasonable price. Did they get the bugs out after the 02's or are there a couple of years to watch out for? Thanks for both of the inputs!

sfca-325i
06-30-2005, 09:03 AM
I'm looking at buying an 02 M3 conv. with 59000 miles for $37000. They say it has the 100,000 mile warranty but it's only good for 'lubricated interior parts'. Carfax verifies 1 owner and everything else looks good. Is there anything I should know about this model year and does this seem like a fair price? Blue Book shows it being right in the private party to dealer range. Any comments would be most welcome! Thanks.


Has it had the recall done? Can the seller purchase an extended warranty and transfer it to you? You might want to pose this question on m3forum.com. There was someone selling a early M3 with much higher mileage.

You didn't list the options, but looks like the low end would be $33k.

sfca-325i
06-30-2005, 10:03 AM
http://www.craigslist.org/sfc/car/81697044.html

jrp
06-30-2005, 11:03 AM
http://www.craigslist.org/sfc/car/81697044.html
That '04 is a much better deal...59,000 miles even for an '02 is somewhat excessive.

tgee
06-30-2005, 02:35 PM
Thanks all. I told the guy no. I'll wait for a better deal. You can't find any cpo M3's down here - So. Cal - for any kind of reasonable $. Even the 330's I find are $40+ which was why this one sounded so good. I'm being somewhat picky too which is part of my problem but I know I'll find a perfect one eventually. ;)

Pinecone
06-30-2005, 05:04 PM
You cannot buy a factory extended warranty once the original warranty is over. Same for extended service agreement.

As for 02s blowing up, there have been a couple of service actions that seem to cure this problem, but that is why the 100K warranty on the engine.

The problem is, later, lower mileage or CPO is gfoing to cost more. If you can afford the extra, then they are good deals, if not, then you have to take what you can afford.

Lugnut
07-03-2005, 05:28 PM
I don't agree with the whole ticking time bomb thing. I have 50k on my '02, had both SAs performed. Quite a few of those miles are track miles. Everything is fine. Do check the build date on the sticker on the door but personally I am not so worried about it.
We hear all of these horror stories on the internet and in our magazines, but you know I don't know anyone personally who has ever had a motor blow up.
That sounds like a great deal for a great car. Enjoy it.