Buying on Craigslist - Bimmerfest - BMW Forums



Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M3 & M4 > E46 M3 (2001-2006)

E46 M3 (2001-2006)

Reply
 
Thread Tools Display Modes
  #1  
Old 07-16-2015, 06:40 AM
1shoe 1shoe is offline
Registered User
Location: Rhode Island
 
Join Date: Jul 2015
Posts: 5
Mein Auto: Prius
Buying on Craigslist

I am new to buying cars as this will be my first car that i will buy. I am looking for an e46 coupe. I have been looking around a lot online and i find the most results on Craigslist. I am eyeing this one ad on craigslist; it's a 2003 m3 with 65k miles for a little less than 17k. It seems like it's in good condition but once again, i am not that knowledgeable about cars. I just get a sketchy feeling buying one on craigslist. I will do more research before going to check out the car. Does anyone have any experience buying on craigslist?

Also, how important is something like a CarFacts report? would you ever buy a car without a history report?

attached are two pictures of the car

thanks
~1shoe
Attached Thumbnails
Click image for larger version

Name:	1.jpg
Views:	196
Size:	28.0 KB
ID:	519939   Click image for larger version

Name:	2.jpg
Views:	194
Size:	24.9 KB
ID:	519940  
Reply With Quote
Sponsored Links
Advertisement
 
  #2  
Old 07-16-2015, 07:15 AM
veery veery is offline
Officially Welcomed to the 'Fest
Location: Danby NY
 
Join Date: Feb 2015
Posts: 1,279
Mein Auto: 2011 328xi; 2007 X3
I would insist on a preliminary phone conversation with the seller, where you talk about the car and what kind of maintenance and any issues it has had. Why is it for sale? If you get e decent feeling after talking go see the can and insist on arranging for a PPI before you make any deal.
CL itself is not an issue. You will need to do the above no matter where you find a car.

BTW - that's a lot of car for a first timer!
__________________
Reply With Quote
  #3  
Old 07-16-2015, 07:45 AM
1shoe 1shoe is offline
Registered User
Location: Rhode Island
 
Join Date: Jul 2015
Posts: 5
Mein Auto: Prius
haha yeah it will be quite a change going from my parent's prius to an m3. but i have wanted one since i saw my cousin's 1987 m3 years ago

The ad looks legit enough and i will give the seller a call when i'm more ready to purchase. I live 4 hours away from the seller so i will just have to be prepared when going to view it. thanks for the info

Last edited by 1shoe; 07-16-2015 at 07:47 AM.
Reply With Quote
Sponsored Links
Advertisement
 
  #4  
Old 07-16-2015, 07:58 AM
X3-terrestrial's Avatar
X3-terrestrial X3-terrestrial is offline
Aficionado
Location: N.Miss. - Memphis,TN Area
 
Join Date: Aug 2008
Posts: 3,004
Mein Auto: '14 328d 02 M3 91 325ic
Are you specifically looking for an M3? I ask because, for that price you can get newer and less mileage "non-M" e46 Coupe. Learn a little more about M cars and the associated higher maintenance costs, and decide if that is what you want.
As for CL, and all private deals... use common sense, talk first over the phone with the seller, if you are going to meet to check out the car, meet in a public place during the day, preferable take someone with you. Arrange a pre-purchase inspection by a reputable shop that knows BMW's.
__________________
2014 X5 xDrive35i M-Sport, Alpine White.
2014 328d Luxury Line, Jet Black over Saddle Brown.
2002 ///M3 Coupe, Steel Gray Metallic on black leather, HK, three pedals.
1991 E30 325ic, AW, Black Leather, Black top, Three Pedals.
Reply With Quote
  #5  
Old 07-16-2015, 08:11 AM
1shoe 1shoe is offline
Registered User
Location: Rhode Island
 
Join Date: Jul 2015
Posts: 5
Mein Auto: Prius
Quote:
Originally Posted by X3-terrestrial View Post
Are you specifically looking for an M3? I ask because, for that price you can get newer and less mileage "non-M" e46 Coupe. Learn a little more about M cars and the associated higher maintenance costs, and decide if that is what you want.
As for CL, and all private deals... use common sense, talk first over the phone with the seller, if you are going to meet to check out the car, meet in a public place during the day, preferable take someone with you. Arrange a pre-purchase inspection by a reputable shop that knows BMW's.
I am specifically looking for an m3. I know the maintenance costs will be higher but i am prepared for that. I do need to do some more research on the costs though.

having a shop look at it is a good idea, i'll be sure to do that

thanks
Reply With Quote
  #6  
Old 07-16-2015, 07:43 PM
chatcher chatcher is offline
bmw addict
Location: pa
 
Join Date: Dec 2013
Posts: 1,337
Mein Auto: e46 m3
An e46 M3 is not what I would recommend for a first car for someone that is "not that knowledgeable about cars" This is a deep pockets or high skill set DIY car needing special oil, valve adjustments, expensive tires, and can have some very expensive repairs out of the blue. Try a ZHP 330 first
__________________

current rides:
09 ZR1
08 E70 4.8i X5
03 E85 2.5 Z4
05 E83 3.0 X3
13 E88 135i
12 Lincoln Navigator
03 rc51
08 F450 Dually
99 F350 Dually
RUNNING OUT OF GARAGE SPACE!!

Last edited by chatcher; 07-17-2015 at 05:33 AM.
Reply With Quote
  #7  
Old 07-16-2015, 08:16 PM
1shoe 1shoe is offline
Registered User
Location: Rhode Island
 
Join Date: Jul 2015
Posts: 5
Mein Auto: Prius
I will look into a ZHP as well, thanks for the suggestion. For me the extra money for repairs isn't an issue, up to a point at least. And although I don't know much, I have no problem learning!

If I'm going to spend a good amount of money on a ZHP I would rather just spend a little more am get an m3.

But I week definitely look into a ZHP. What would be a good price to look for. Ideally I would like something under 75k miles
Reply With Quote
  #8  
Old 07-16-2015, 08:21 PM
Tutti57's Avatar
Tutti57 Tutti57 is offline
Officially Welcomed to the 'Fest
Location: Rochester, NY
 
Join Date: Jun 2015
Posts: 431
Mein Auto: 1999 540it
Get whatever you want that you can afford.
__________________
1999 540iT: aFe Intake | M60 Intake | Bavauto Springs | Bavsound Stage 1

2006 X5 3.0
Reply With Quote
  #9  
Old 07-17-2015, 05:40 AM
chatcher chatcher is offline
bmw addict
Location: pa
 
Join Date: Dec 2013
Posts: 1,337
Mein Auto: e46 m3
A ZHP will be close to the performance and less for purchase ,consumables, and not to mention car insurance. If you can keep 4-5k in savings after the purchase of your car and afford 2-3k per year in mait (esp if you daily it) then get the M. I and others will warn you it is def a money pit car but you would not be the first young person to own one. The ZHP is def the smarter choice to get your feet wet and nice examples can still be found. I would say 15k would get you a great ZHP and many can be had for around 10k. Post up in the e46 subforum which is better for a first car M3 or ZHP and I think you'll find most members here will agree with my sentiments. Good luck either way.
__________________

current rides:
09 ZR1
08 E70 4.8i X5
03 E85 2.5 Z4
05 E83 3.0 X3
13 E88 135i
12 Lincoln Navigator
03 rc51
08 F450 Dually
99 F350 Dually
RUNNING OUT OF GARAGE SPACE!!

Last edited by chatcher; 07-17-2015 at 05:43 AM.
Reply With Quote
  #10  
Old 07-17-2015, 06:49 AM
Initial E Initial E is offline
Officially Welcomed to the 'Fest
Location: Maryland
 
Join Date: May 2015
Posts: 497
Mein Auto: 2016 M4
Quote:
Originally Posted by 1shoe View Post
I am specifically looking for an m3. I know the maintenance costs will be higher but i am prepared for that. I do need to do some more research on the costs though.

having a shop look at it is a good idea, i'll be sure to do that

thanks
Bro if you want a M3 get a M3 dont let anyone else sway you otherwise. I always recommend having a reliable shop and/or a private inspector look at the car. Get a good feel for the owner as performance cars tend to have been "ragged out" by some owners but to the naked eye, look perfect. Being that this is a 12 year old performance car, I HIGHLY recommend a compression test for the engine. Personally, I would never buy a used car without one.

Any respectable owner will have all maintenance documents, from oil changes, to brakes, tires, etc.. so ask for those. If the owner is unable to produce the majority, especially within the most recent year(s), I'd walk away unless work was performed every time at a dealership. Then I would have the owner request copies of everything.

If you feel uncertain about anything, walk away.
Reply With Quote
  #11  
Old 07-17-2015, 07:58 AM
1shoe 1shoe is offline
Registered User
Location: Rhode Island
 
Join Date: Jul 2015
Posts: 5
Mein Auto: Prius
I like the ZHPs and it would be great to get one before i got an m3. it would probably be easier to do some DIY stuff with it. I just don't think i could bring myself to buy one when i could spend 2k more and get an m3. Once again, the additional costs don't matter that much but i would like to learn more DIY stuff and even although it will be more difficult on an m3 i would be up for the challenge.
Reply With Quote
  #12  
Old 07-17-2015, 08:55 AM
X3-terrestrial's Avatar
X3-terrestrial X3-terrestrial is offline
Aficionado
Location: N.Miss. - Memphis,TN Area
 
Join Date: Aug 2008
Posts: 3,004
Mein Auto: '14 328d 02 M3 91 325ic
They are not THAT different, if you can work on one, you can work on the other. Main differences are in the engine, things like valve adjustments, and you have six throttles instead of one. Valve adjustments are every 50-60k miles, so if you don't want to take the time to learn or do that yourself, is not a big deal just let a professional do that.
Very important is (for either car) is to have a code reader like INPA, DIS, etc. Somethings like coils, TPS sensors, MAF sensors, tend to fail at some point, so if you have the means to read the codes, and change the right part, you save a lot of money on diagnosis.
__________________
2014 X5 xDrive35i M-Sport, Alpine White.
2014 328d Luxury Line, Jet Black over Saddle Brown.
2002 ///M3 Coupe, Steel Gray Metallic on black leather, HK, three pedals.
1991 E30 325ic, AW, Black Leather, Black top, Three Pedals.
Reply With Quote
  #13  
Old 07-17-2015, 06:30 PM
chatcher chatcher is offline
bmw addict
Location: pa
 
Join Date: Dec 2013
Posts: 1,337
Mein Auto: e46 m3
Quote:
Originally Posted by X3-terrestrial View Post
They are not THAT different, if you can work on one, you can work on the other. Main differences are in the engine, things like valve adjustments, and you have six throttles instead of one. Valve adjustments are every 50-60k miles, so if you don't want to take the time to learn or do that yourself, is not a big deal just let a professional do that.
Very important is (for either car) is to have a code reader like INPA, DIS, etc. Somethings like coils, TPS sensors, MAF sensors, tend to fail at some point, so if you have the means to read the codes, and change the right part, you save a lot of money on diagnosis.
Valve adjustments are every 30k. I've had both cars and currently own an M. You will spend more money across the board with the M. Everything is more expensive. You asked for opinions this is mine get the ZHP get your feet wet, spend the extra money you save traveling and as a down payment on a house, then sell the ZHP and get a M3. They will still be around and in good shape and your insurance on it will be cheaper then as well.
__________________

current rides:
09 ZR1
08 E70 4.8i X5
03 E85 2.5 Z4
05 E83 3.0 X3
13 E88 135i
12 Lincoln Navigator
03 rc51
08 F450 Dually
99 F350 Dually
RUNNING OUT OF GARAGE SPACE!!
Reply With Quote
  #14  
Old 07-17-2015, 07:37 PM
X3-terrestrial's Avatar
X3-terrestrial X3-terrestrial is offline
Aficionado
Location: N.Miss. - Memphis,TN Area
 
Join Date: Aug 2008
Posts: 3,004
Mein Auto: '14 328d 02 M3 91 325ic
30k, stand corrected.


Sent from my iPhone using Tippytap
__________________
2014 X5 xDrive35i M-Sport, Alpine White.
2014 328d Luxury Line, Jet Black over Saddle Brown.
2002 ///M3 Coupe, Steel Gray Metallic on black leather, HK, three pedals.
1991 E30 325ic, AW, Black Leather, Black top, Three Pedals.
Reply With Quote
Reply

See More Related BMW Stories


Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M3 & M4 > E46 M3 (2001-2006)
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump


All times are GMT -7. The time now is 07:38 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
© 2001- VerticalScope Inc. All rights reserved.