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E46 M3 (2001-2006)

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  #1  
Old 12-09-2012, 07:36 PM
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tbiggs27 tbiggs27 is offline
Der Meister: Loriot
Location: New Jersey
 
Join Date: May 2006
Posts: 496
Mein Auto: 2001 330i
Is this a good deal?

Hi guys,

I've got my eye on a local car that popped up on BMWCCA. It was just listed yesterday and the guy lives 30 minutes from my house! From what I can tell, it seems like a really good deal. But you know what they say about something being too good to be true...thoughts?

http://www.bmwcca.org/classifieds/li...-coupe&id=4838

Thanks guys.

Travis
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  #2  
Old 12-10-2012, 08:38 AM
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tbiggs27 tbiggs27 is offline
Der Meister: Loriot
Location: New Jersey
 
Join Date: May 2006
Posts: 496
Mein Auto: 2001 330i
Monday morning bump. Called the dealer and its only records are break in service and a few oil changes. No recalls performed. $100 for a pre purchase inspection from my local independent. Will also run the car fax. What should I be looking/feeling for in the test drive, specifically with the SMG transmission?
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  #3  
Old 12-10-2012, 11:09 AM
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Highmodulus Highmodulus is offline
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Location: Virginia
 
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Mein Auto: Subaru BRZ
Pretty fair deal for such low miles. Getting the PPI is a smart move.
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  #4  
Old 12-10-2012, 02:58 PM
m3e46freak m3e46freak is offline
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Location: MD
 
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Mein Auto: m3
Very fair deal, very... I would do this for sure and the PPI is a must. Also do a little research yourself under the hood...
Looks for asymmetrical things such as the hood being off centered or lights being installed oddly to detect any accidents. Also listen for heavy ticking under the hood.
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  #5  
Old 12-13-2012, 11:58 AM
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tbiggs27 tbiggs27 is offline
Der Meister: Loriot
Location: New Jersey
 
Join Date: May 2006
Posts: 496
Mein Auto: 2001 330i
Had a very thorough PPI done today at Mr. M car (huge hour out to them by the way!)

The break in valve adjustment at 1200 miles was not done. They recommended new can bolts and a valve adjustment be performed. Also, he noted that there is a very very small oil leak on the front end, but they should e able to fix that with the valve adjustment. Brakes are like new and there is zero rust. There is some curb rash on one wheel (minor) and a scratch in the rear bumper. Other than that, it was immaculate. He had all of the original stickers still on it (airbag and such).

I didn't get to push it to the limit, but the mechanic said it was an outstandingly clean car. Definitely never driven in snow. Tires probably have about 5k miles left on them.

What are your thoughts?? His phone was ringing off the hook while we were there with buyers, but he is giving me preference since I called first and had to pay for the PPI. Thanks guys.
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  #6  
Old 12-13-2012, 12:52 PM
m3e46freak m3e46freak is offline
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Location: MD
 
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Well in the end it is your ride... PPI came out good so.. go ahead man! Prepare for maintenance though
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  #7  
Old 12-13-2012, 05:53 PM
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tbiggs27 tbiggs27 is offline
Der Meister: Loriot
Location: New Jersey
 
Join Date: May 2006
Posts: 496
Mein Auto: 2001 330i
I came. I drove. I paid for a PPI. I walked away...

I can't justify purchasing this car, that's what it came down to. I really enjoyed it and had never driven an M3 before. The responsiveness was outstanding and the SMG transmission wasn't that bad. I could see how it would take a little getting used to. I wouldn't be tracking this car, so its performance would be limited to the NJ TurnPike (which sucks on the stretch I drive). I think I would be more worried about the car than I would actually enjoy it. For me, I think I need to look for something with a little bit less of the sporty/high strung feel. That's just me though.

As a weekend or track car, yes please! But I am not in that financial position right now. Maybe in a few years...
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  #8  
Old 12-13-2012, 06:09 PM
m3e46freak m3e46freak is offline
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Smart move then.
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  #9  
Old 12-14-2012, 04:34 PM
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tbiggs27 tbiggs27 is offline
Der Meister: Loriot
Location: New Jersey
 
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So I called the owner last night and explained my situation. Told him the car was outstanding, but probably not the best choice for me. I thanked him for taking the time to come to my mechanic and wished him the best of luck with the sale. This morning, this was in my inbox:

Travis. After. We spoke yesterday I would like to make a proposal. I really want this car to go to someone that would take care of it as I have. I would like to give you the car for a few days and drive it as you would if you owned it. If after a few days you are not interested. I will understand. I would also take 1,000 off the price and sell it to you for 25k . I was really impressd by you and your hard work to make it . I am also a small business owner and you make me feel as I did when I was younger.

Regardless of your decision. I hope you take me up on my offer to drive the car for a few days.

Bill


I decided to take him up on his offer. I will drive around in his car not for a few days, but I will take it for a few hours. I think the kicker for me was seeing this other M3 listed on CarGurus.com and it made me realize what a deal this could be. Similar miles, not so similar price... http://cargur.us/dkfN
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  #10  
Old 12-14-2012, 09:27 PM
m3e46freak m3e46freak is offline
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Hrmm kinda confused.
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  #11  
Old 12-15-2012, 04:49 AM
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tbiggs27 tbiggs27 is offline
Der Meister: Loriot
Location: New Jersey
 
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I am going to cruise around in his car for a bit to see if I love it. If so, I will purchase it. After crunching some numbers, we decided that we can make this happen if we decide to.
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  #12  
Old 12-15-2012, 02:49 PM
m3e46freak m3e46freak is offline
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Great to hear but do not forget this is a maintenance driven vehicle first then fun Unless, you drive slow and like a grandmother lol
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  #13  
Old 12-15-2012, 03:33 PM
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tbiggs27 tbiggs27 is offline
Der Meister: Loriot
Location: New Jersey
 
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Thanks! Now to just sell my 330i...
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  #14  
Old 12-15-2012, 03:34 PM
m3e46freak m3e46freak is offline
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Pm sent on that lol wife needs a car.
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  #15  
Old 02-05-2013, 10:17 PM
itscoo2pyopants itscoo2pyopants is offline
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Location: Kent, WA
 
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That's a weird story sounds like he really wants to get rid of that car... Sounds fishy. What did you end up doing?

Cam bolts and no valve adjustment makes me a little nervous..
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  #16  
Old 02-08-2013, 09:23 AM
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tbiggs27 tbiggs27 is offline
Der Meister: Loriot
Location: New Jersey
 
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I ended up buying it about a month ago. It runs great. The only reason I went ahead with it is because of the excellent condition it was in based on the PPI.
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  #17  
Old 02-14-2013, 07:04 AM
mrhapi mrhapi is offline
mr hapi
Location: Canada
 
Join Date: Feb 2013
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Mein Auto: 2006 M3
Great story as it sounds a lot like what I went thru 4 years ago. Bought a 2006 m3 vert with only 9k and was very leary about the low milage but all worked out after going to his dealer and checking out his service history. Sold my 330ci and have never looked back . I love the m3 and the smg trans it hooks up real good.
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  #18  
Old 02-23-2013, 04:05 PM
rbaisa rbaisa is offline
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Location: Indiana
 
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What did they quote you to do the valves and the cam bolts out of curiosity?
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  #19  
Old 02-25-2013, 07:10 AM
mrhapi mrhapi is offline
mr hapi
Location: Canada
 
Join Date: Feb 2013
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Mein Auto: 2006 M3
Didn't have to have either done. My dealer just ran the car through a 4 hour computer dignosis check list and there was no charge.
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