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E46 M3 (2001-2006)

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Old 11-27-2010, 06:56 PM
taddnkim taddnkim is offline
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Location: Owasso, OK
Join Date: Aug 2009
Posts: 4
Mein Auto: 2003 BMW 745Li
Pros & Cons of a 2002 M3 - To buy or not to buy!

It's finally time to pass on my '97 528i to my 16 year old (I've had her for 8 years!!) and I've fallen in love with a 2002 M3! It's a convertible with 59k miles and is in absolutely perfect condition. We got the dealer down to $17,200 which is an awesome price, but I'm struggling with practicality vs. fun We've also looked at other 3 and 5 series (my husband also drives a 5 series) but after driving the M3, it's hard to even compare!

I'd love to hear the pros & cons of the M3 that anyone has experienced. We typically keep our cars instead of trading them in so, I know I'll have my next one for some time and want to make the most informed decision I can. I know the sedans are probably more practical since I still have two kiddos to drive around, but maybe it's time for Mom to drive something a little more fun!

So basically, if you had to do it all over again, would you buy another M3?


Last edited by taddnkim; 11-27-2010 at 08:05 PM.
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Old 11-28-2010, 03:09 AM
newbe46 newbe46 is offline
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Location: Atlanta
Join Date: Feb 2010
Posts: 39
Mein Auto: 06 Z4MC/02 M3
We currently also own an 02 M3 and I say yes to the purchase. This site has all the info you will ever need to make the informed decision though. Maintenance and repair costs are typically doubled unless you're inclined to do the work yourself but the sheer joy you'll get behind the wheel is worth every penny.
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Old 11-28-2010, 03:26 AM
Bimmerguy86 Bimmerguy86 is offline
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Location: Mission Viejo, CA
Join Date: Nov 2010
Posts: 3
Mein Auto: 2002 BMW M3 Convertible
I have an 02 convertible, It's fun to drive, one of the cons is it goes through tires pretty fast and for well performing ones it's not cheap.. It hasn't had too many mechanical problems, I would say the least of my previous 8 bmws.. I have to say for the performance level it gets great gas mileage. I would recommend this car if you are looking for high performance and you can afford the occasional repairs and expensive tires, oil, and brake components.
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Old 12-26-2010, 10:08 PM
greenhobby greenhobby is offline
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Location: Massachusetts, USA
Join Date: Mar 2008
Posts: 102
Mein Auto: 2002 e46 M3
I have an 02 M3 coupe. I would highly recommend it! It's all about making sure that you perform the necessary maintenance. Make sure the car has all the required recalls (SB) - bearings, oil pump, etc [all done for free]. Performance is awesome, gas mileage is good. I prefer the 6 MT. Also make sure that you use snow tires if you run it in the winter where there is snow...

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Old 12-27-2010, 12:25 AM
TerraPhantm TerraPhantm is offline
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Location: State College, PA
Join Date: Nov 2004
Posts: 1,892
Mein Auto: 2005 M3 Coupe
Considering it's an 02, I think you can do a little better on the price. I think I've seen 2004 convertibles go for similar prices.

I'm picking up an 05 coupe very soon. Definitely one of the best cars I've driven. By 2005 most of the bugs have been ironed out too, so hopefully it's not too unreliable (though I am mentally prepared to spend quite a bit more than I have been on my E46).

Last edited by TerraPhantm; 12-27-2010 at 12:29 AM.
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Old 05-20-2011, 08:58 AM
racerman racerman is offline
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Location: Park City, Utah
Join Date: May 2011
Posts: 5
Mein Auto: '02 M3 Vert
I am a recent purchaser of an '02, M3, SMG it with a hardtop and and an xtra set of wheels for $16,9. Sometimes I just jump in the car and take off for the lake. It is that much fun to drive! I had an S2000 before and while it was, and is, the best thing Honda ever built, there is simply no overall comparison. The Honda would corner like it was on a string...but the M3 does it with 2 people and a full set of golf clubs, luggage etc. AND you can carry 2 more poeple--- if you have too!
Now all I have to do is learn to drive it. It is currently faster than I am. Racerman.
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