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E46 (1999 - 2006)
The fourth generation 3 Series (E46 chassis) was introduced in 1999 and set the standard for engineering and performance during it's years of production including being named to Car & Driver's 10 best list every one of those years! ! -- View the E46 Wiki

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  #1  
Old 10-02-2013, 08:06 AM
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So that ZHP I got to ride in 2 weeks ago? It's for sale.

A coworker of mine just picked up an e39 wagon and has decided to sell his ZHP. It is a 2005 with 80,000 miles and has the 6 speed MT. He has it priced way over book value right now but told me that he would give me a great deal on it if I was serious about it. I did not discuss a price yet, but told him I could pay cash and I'm hoping that would help me out even more.

The Good:

Enthusiast owned, garage kept, only driven a few days a week. It has had the vanos seals redone, valve cover gasket, and plugs replaced. All rims professionally refinished and brand new tires installed. Steering wheel and shifter boot refinished in Alcantara with tri-colored stitching. Exterior and interior are extremely clean, all original. It's a ZHP.

Not So Good:

Seats are gray leather instead of Alcantara. He is the 3rd owner and says he has to try and find any maintenance records from previous owners (this makes me think there aren't any).


I am so torn right now, because I know that I will probably never get as good of a deal on a ZHP as this one. On the other hand, I know from experience that it is going to start needing some maintenance in the next year or two. My car is older with more miles, but I have invested a lot of time and sweat in maintenance, some of which makes me cringe when thinking about having to tackle again. My logical side says to pass on it, but my enthusiast side wants it so bad. I really with the BMW gods would send me some kind of sign.
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  #2  
Old 10-02-2013, 08:11 AM
SPDSKTR SPDSKTR is offline
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Originally Posted by OfTheLost View Post
I am so torn right now, because I know that I will probably never get as good of a deal on a ZHP as this one. On the other hand, I know from experience that it is going to start needing some maintenance in the next year or two. My car is older with more miles, but I have invested a lot of time and sweat in maintenance, some of which makes me cringe when thinking about having to tackle again. My logical side says to pass on it, but my enthusiast side wants it so bad. I really with the BMW gods would send me some kind of sign.
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  #3  
Old 10-02-2013, 11:12 AM
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The Pro's far outweigh the cons, especially because the current owner is an enthusiast, and seems to have taken care of all the common issues. The mileage sounds right for a 2005. My only reservation would be the test drive (which you say you have already done), and a visual inspection to make sure there aren't any accidents, leaks, or other random tidbits on the car.
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  #4  
Old 10-02-2013, 11:49 AM
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From a practical standpoint, as long as the price is right, you could buy it, have some fun and drive it for 6 or 8 months, then sell it and not really lose any money....you know ZHPs will be in demand for the foreseeable future....
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  #5  
Old 10-02-2013, 12:07 PM
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Re: So that ZHP I got to ride in 2 weeks ago? It's for sale.

I would do it. Yes it's more to maintain, bit 80k miles is a sweet deal. Mine has 115k more than that, you'd have a LONG life ahead with it. The joys of driving it are beyond logical, rational thought.

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  #6  
Old 10-02-2013, 10:01 PM
heztheone heztheone is offline
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do iiiiiiiiiiiiiiiiiiitttt
u already know what it takes to maintain a BMW E46, so it should be easy for you.
plus the basic maintenance are already done as you mentioned, so it should last you a good 6 months to a year troubles free with that lower-ish mileage.
good luck
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  #7  
Old 10-03-2013, 06:04 AM
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So that ZHP I got to ride in 2 weeks ago? It's for sale.

If you can afford it treat yourself. 80k miles on an e46 is getting harder and harder to come by. Sounds like uou would always regret not buying it.


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  #8  
Old 10-03-2013, 06:23 AM
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Good milage on this car, you only live once, if your buddy will cut you a good deal, I say go for it. N4S
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  #9  
Old 10-03-2013, 07:51 AM
GoForthFast GoForthFast is offline
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Let at least one rational action prevail; get a PPI before you take action.

And you know your buddy. How aggressively has the car been treated under his ownership?
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  #10  
Old 10-03-2013, 08:58 AM
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Update:

So I emailed the guy a cash offer yesterday evening, and it doesn't look like he wants to give me as good of a deal as I had hoped for. He emailed me back a list of expenses he has kept up with since his ownership (~2 years) and while it is roughly about 4 grand worth of stuff, most of it is cosmetics. Things like wheel refinishing, the alcantara trim, dead peadal, tires, etc. I made the mistake with my car the first go round by buying it with no record of any maintenance, and it's just not something I want to have to go through full circle again. I think I am just going to hold off for now, even if it means getting one with more mileage in the future but with more maintenance already performed.
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Old 10-03-2013, 09:30 AM
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Re: So that ZHP I got to ride in 2 weeks ago? It's for sale.

Quote:
Originally Posted by OfTheLost View Post
Update:

So I emailed the guy a cash offer yesterday evening, and it doesn't look like he wants to give me as good of a deal as I had hoped for. He emailed me back a list of expenses he has kept up with since his ownership (~2 years) and while it is roughly about 4 grand worth of stuff, most of it is cosmetics. Things like wheel refinishing, the alcantara trim, dead peadal, tires, etc. I made the mistake with my car the first go round by buying it with no record of any maintenance, and it's just not something I want to have to go through full circle again. I think I am just going to hold off for now, even if it means getting one with more mileage in the future but with more maintenance already performed.
I hate it when people think maintenance/cosmetic mods are recoverable costs. I e got $4900 worth of maintenance history in 22 months and I bought the car for $10k. Doesn't make it worth $15k. It's worth about $8k.

Tell him to suck it

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  #12  
Old 10-03-2013, 10:46 AM
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Tell him to suck it
Agreed
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  #13  
Old 10-03-2013, 02:58 PM
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So that ZHP I got to ride in 2 weeks ago? It's for sale.

What is he asking for it? Sounds like a nice car with the best package.

I would not pay more than, let's say, 11-12K for it. Although it sounds really nice.


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  #14  
Old 10-03-2013, 03:35 PM
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Quote:
Originally Posted by OfTheLost View Post
Update:

So I emailed the guy a cash offer yesterday evening, and it doesn't look like he wants to give me as good of a deal as I had hoped for. He emailed me back a list of expenses he has kept up with since his ownership (~2 years) and while it is roughly about 4 grand worth of stuff, most of it is cosmetics. Things like wheel refinishing, the alcantara trim, dead peadal, tires, etc. I made the mistake with my car the first go round by buying it with no record of any maintenance, and it's just not something I want to have to go through full circle again. I think I am just going to hold off for now, even if it means getting one with more mileage in the future but with more maintenance already performed.
Great job making a decision with your head instead of your emotions!
That is one of the hardest things to do when it comes to cars and especially BMW's older vehicles
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Old 10-03-2013, 03:51 PM
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I would not pay more than, let's say, 11-12K for it. Although it sounds really nice.
The KBB value on it is roughly $12500. I know with more sought after cars that people can usually get over the blue book price, but I offered him $14000 cash and he said no. There's no way I could spend any more than that with the upcoming maintenance due on the horizon, even if it is a 6 speed.
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Old 10-03-2013, 04:21 PM
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Originally Posted by OfTheLost View Post
The KBB value on it is roughly $12500. I know with more sought after cars that people can usually get over the blue book price, but I offered him $14000 cash and he said no. There's no way I could spend any more than that with the upcoming maintenance due on the horizon, even if it is a 6 speed.
Post his email here so about 30 or 40 of us can email him with lowball offers, thereby making your offer look much more attractive....
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  #17  
Old 10-03-2013, 04:55 PM
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Quote:
Originally Posted by OfTheLost View Post
The KBB value on it is roughly $12500. I know with more sought after cars that people can usually get over the blue book price, but I offered him $14000 cash and he said no. There's no way I could spend any more than that with the upcoming maintenance due on the horizon, even if it is a 6 speed.
It isn't worth that much either. It is a $10k car. Period. I don't care if it has 60k miles, it is almost a 10 year old car.
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now, go burn your Man Card, and buy yourself a Camry....
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  #18  
Old 10-03-2013, 07:58 PM
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He refused 14K cash...OK...good luck to him.
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  #19  
Old 10-04-2013, 11:54 AM
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Post his email here so about 30 or 40 of us can email him with lowball offers, thereby making your offer look much more attractive....
I would be HAPPY to send him an email with a lowball figure if it would benefit you. lol

When I saw your post and location, my gears started turning, since I'm from NoVa, but hopes were dashed when you I read your offer and that it ws refused. I just can't justify parting with that much money (even though it's a ZHP) when my car is just fine. Especially when the deal isn't that sweet.

Looks like we're in the same boat. I'll just save my nickels, let some time pass, and hopefully I'll come across a ZHP in the future that's meant for me. I'll keep the faith...
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  #20  
Old 10-06-2013, 05:20 AM
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It isn't worth that much either. It is a $10k car. Period. I don't care if it has 60k miles, it is almost a 10 year old car.
I disagree, it's worth what people will pay for it, and a ZHP like that one will easily fetch $12-13k. And a dealer would ask $18k.

My car's worth maybe $10k KBB, but I wouldn't sell it for less than $16k.

To the OP, I don't think he's being a dick, he's being overly optimistic. He'll put his car up for $17k for a few months, get zero offers, and come back to reality.

And my ZHP recently hit 100k, and it cost me like $4k in the last year, so I don't view 80k miles as a plus, it's the mileage where the owners has either put off a lot of maintenance, or knows he's about to have to do the whole suspension, cooling system etc.

PS I don't view all 4 wheels needing refinishing a plus. I've never dinged any of my wheels in 9 years.
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Old 10-06-2013, 07:00 AM
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My car's worth maybe $10k KBB, but I wouldn't sell it for less than $16k.
No, you just wouldn't sell it because nobody is stupid enough to pay $16k for an E46 when there are plenty of E91/92/93's in that range.

I am all for the free market, and you may get a sucker to pay $16k, but personally, I wouldn't be able to sleep at night after screwing someone so badly.
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now, go burn your Man Card, and buy yourself a Camry....
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Old 10-06-2013, 07:08 AM
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No, you just wouldn't sell it because nobody is stupid enough to pay $16k for an E46 when there are plenty of E91/92/93's in that range.

I am all for the free market, and you may get a sucker to pay $16k, but personally, I wouldn't be able to sleep at night after screwing someone so badly.
It's supply and demand. I like mine too much to sell it for $12k, or $14k, or $15k etc. I'm sure a lot of ZHP owners are the same. What would you replace it with? For me it would have to be something like a 2011 335i, which is $35k.

There's not an E9x in the $16k range that I would be happy trading in for.

That's why ZHPs are expensive, and why the OP's seller won't sell at $14k.
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Old 10-06-2013, 07:31 AM
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It's supply and demand. I like mine too much to sell it for $12k, or $14k, or $15k etc. I'm sure a lot of ZHP owners are the same. What would you replace it with? For me it would have to be something like a 2011 335i, which is $35k.

There's not an E9x in the $16k range that I would be happy trading in for.

That's why ZHPs are expensive, and why the OP's seller won't sell at $14k.
I get your point, I guess I am just unlike most people. I believe you should sell things at a fair price. For example, I just sold my black cube trim for $199. A lot of people ask $350 and more.

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now, go burn your Man Card, and buy yourself a Camry....
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  #24  
Old 10-06-2013, 07:43 AM
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He refused 14K cash...OK...good luck to him.
My thought exactly. N4S
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Old 10-06-2013, 09:01 AM
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I get your point, I guess I am just unlike most people. I believe you should sell things at a fair price. For example, I just sold my black cube trim for $199. A lot of people ask $350 and more.

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A fair price is whatever the supplier and demander agree upon with no coercion or fraud. Everything else is just disequilibria
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