Xeqtr
///Member
Crash_Nemesis said:Sure the e46 M3 is not the fastest thing around anymore these days, but that is being said from a guy who drives one in JHB. You have to drive one at the coast. It is so awesome. Relentless pulling on the top end, it feels amazing. But speed is NOT everything... the car has spirit.
There is a reason why these cars are priced as they are. You just need to drive one to understand. The feeling you get when driving an e46 M3 is just something that cannot be completely explained. The raw nature of the car. The clunk of the door when you close it, it gives you that involuntary ball clench cause you know this car means business.
Buying one for R150k is looking for trouble. Many issues will be found and you'll be spending at least 50k fixing her up. By then, you'll be unsatisfied and upset. Don't fool yourself. I bought mine 2 years back for 200k and there were many things to still fix. Granted mine was raped and modified... Rule of thumb, never be the 2nd owner of a modified car. Be the third owner. The first guy fucks it up, the 2nd guys spends all his money fixing her and sells the car due to frustration, the 3rd owner has a sweet car.
But seriously, don't be tempted by cheap prices. Rather spend the money and get a fine example and enjoy the car.
If I had to take all my modifications off my car and return her to stock, even though she is a 2001 model, I would not sell for less than R200k. Say what anyone wants, I have done complete vanos seals, pump disc, solenoid replacement, coated main and rod bearings done, new propshaft, new power steering, newly oiled and replaced bearings in LSD diff, new brakes and suspension and most importantly, subframe reinforcement DONE. You buy anything less than 200k, I bet my bottom dollar that car needs subframe replacement or if you lucky, just reinforcement. You are going to have to do some of this work anyway. You pay for the reliability of the car I guess. The e46 M3 is worth more in my opinion, but because we see so many owners slacking in the maintenance department, this is why we see so many going for sub 200k.
Amen crash... and this is the feeling I am looking for in a car. It is something you cant explain, and when you look at that car standing in your garage you feel a warm tingle in your soul... and you hope nobody is watching you make sweet love to your car with your eyes. I know the feeling... I had this in the states with my 2007 Mustang GT... Nothing has come close to that since, and nothing has hinted at sparking that internal flame other than the E46 M3... yes its an older car now, and its not the fastest car money can buy.. but its not about that, its heritage, the car is simple and alive.. and you become more and more attached to it every time you sit behind that wheel.
scunick said:I bought my 2005 for R305k 4 years ago and it was rather clean, but had some cosmetic issues... The motor itself is truly bulletproof if it has been maintained from new and not subjected to FI. It's the same motor as in my Z4MCoupe which I bought 2 years ago for R270 -a 2007 model) and in that variant it has also been pearl. The issues you have with e46 M3's are generally related to the ancillaries and other parts of the car and not the motor. in my case it's been SMG solenoid issues, water pump issues, a very worn diff etc...
In general...Great motor... Great car... But save your pennies and pay over the money to get a clean maintained version.
Later
Nick
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Thanks for your feedback Nick... at the moment I am a little afraid. The more research I do on the net the more negative comments I am seeing. Mostly about the costs the e46 M3 has incurred on people. I am not sure if these people are just the negative kind that you find on the net, that complain when they get a change, or if the guys that don't have an issue with their M3's just aren't commenting.
I plan to have at least 20k in the bank after purchase for "in case" with an additional 2k a month put away into my "M3 fund" as insurance... but I am getting worried this isn't going to be enough.
My 330i doesn't cost me a cent other than the servicing at BMW, and I know its unrealistic to think the same of an //M car out of plan.
I just dont have 50k to fix up a car, so I am willing to search for a pristine one around 230k - 250k price range.