M3 purchase dilemma - £14K vs. £10K

Discussion in 'E46 M3 (2001-2006)' started by REU M3, Apr 17, 2018.

  1. 18 Apr 2018 at 4:09 PM #41
    James92

    James92 A mere Chipper

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    Yeah I bought of condition, even though mine hasn’t had the subframe done it’s in brilliant condition and a tonne of history with it! I got 3 owner, 02 SMG car with genuine CSL wheels and 86k on the clock for £12,995.
     
  2. 18 Apr 2018 at 7:41 PM #42
    ste360

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    Read all this with interest, like the Op plan on getting into one of these soon. Intend on using it as a daily. A £12/£13k budget seems reasonable, it's where I'm at anyway.
     
  3. 18 Apr 2018 at 8:35 PM #43
    Macaroni

    Macaroni On the path

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    I bought my car last August and it’s immaculate with full service history at 93k and paid £11k, I booked it in with Redish to have the subframe reinforcement done and ended up spending £7k and had loads of bits renewed. These are 15 year old cars so expect to spend a bit to bring them back to perfect even on the bits you can’t see

    Good luck with your search
     
  4. 19 Apr 2018 at 9:19 AM #44
    REU M3

    REU M3 A mere Chipper

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    Interesting stuff.

    I need to find a forum member that looks after his cars as I do i think...

    Search is on...please do pass on any sale ads if they fit the bill - Coupe / Manual / good maintenance history to cover off typical items listed in the thread....
     
  5. 19 Apr 2018 at 10:27 AM #45
    James92

    James92 A mere Chipper

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    £7k?! Wow, what did you have done for that?
     
  6. 19 Apr 2018 at 12:13 PM #46
    Toady

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    His pants pulled down by the sounds of it!!!:muttley:
     
  7. 19 Apr 2018 at 12:52 PM #47
    bod1986

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    Bootfloor, full suspension, full re-bush, powder coat rear suspension arms etc the list goes on.. I can see how 7k would go very easily without touching the engine.
     
  8. 19 Apr 2018 at 1:55 PM #48
    toplad

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    I'm telling ya, bottomless pit :)

    Now you just need to renew every suspension arm, bush on the front and 4 x shocks/springs, then move on to the rusty arches, wings and body
     
  9. 19 Apr 2018 at 2:53 PM #49
    Tom

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  10. 19 Apr 2018 at 4:08 PM #50
    Macaroni

    Macaroni On the path

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    It don’t take long racket rack up !!

    https://youtu.be/PfBM4gIKzxE

    While the car is stripped having the subframe carrier panel done then it makes sense to have everything else done that has worn over the 15 years !!
     
  11. 19 Apr 2018 at 7:57 PM #51
    JamesHirst

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    7k is an easy spend im well over that doing brakes rod bearings oil pump suspension vanos boot floor bushes ball joints water pump stat bits of trim and paint. bet parts cost was half of that
     
    Last edited: Apr 19, 2018
  12. 19 Apr 2018 at 10:10 PM #52
    ADL

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    I do think people tend to go a bit nuts with “preventative maintenance” obviously look after it and service it properly etc but I’ve done none of the main jobs on mine and none of them need doing (yet!) i see no point in doing the head gasket for example unless it goes. Only things u really should think about doing is protect it from rust as best you can, get the racp done and maybe think about a vanos overhaul. Everything else can get fixed if it breaks or when you’re doing a job where it makes sense to do it at the same time. I wouldn’t be put off by any car that hadn’t had any of the jobs mentioned in this thread done if the car was fine. In fact I’d rather not have any of the jobs done if there wasn’t evidence that they’d be done right. A bodge job is worse than not doing it all imo. they are expensive to maintain and expensive when they break but for the most part they’re pretty solid. I’m on my 3rd e46 over the last 5 years and have never had any issues in any of them aside from dead pixels in the sat nav,exhaust clamps and a blocked washer nozzle. It’s the mods that cost the most lol!
     
    Last edited: Apr 19, 2018
  13. 21 Apr 2018 at 10:15 PM #53
    broonster

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    Your back:D,and we agree:rolleyes:

    Its mental the amount of scare threads about various stuff on here,like you say basically if it aint broke dont try and fix it apart from the obvious that you have mentioned.

    At the same time though it totally depends on the individual and how good you want your car,i bought mine for what i thought was a good price at the time and i budgeted a bit extra to get it how i wanted it,i.e perfect:),which is great but i now have a 2002 car that stands me over £20k,my choice,no need,but hey if you have a car you always wanted,it needs to be right in my world anyway.

    Also on my 3rd E46,and like you say,never had a problem and one was an M3 SMG,never missed a beat:thumbsup:,biggest problem with these cars is age i reckon,rust,stonechips,worn interior,wheels,tyres,suspension,just the basics,oh yeah,brakes.

    I think if i just keep it for another 75 years i might at least get half my money back:muttley:whats not to like:confused:

    Steve
     
  14. 21 Apr 2018 at 11:29 PM #54
    DaveMSport

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    I probably spent the bones of 7k when I did mine too but that included a full Supersprint system, coilovers, bbk front and rear, new V brace, exhaust support/chassis braces plates, Upper control arms, purple tag rack, every nut, but and clip underneath brand new and everything not replaced like the subframe, diff casing, trialing arms powedercoated.

    I done everything myself of course though so probably 2k or more of labour saved if I had to get somebody to do it.
     
  15. 24 Apr 2018 at 1:19 PM #55
    REU M3

    REU M3 A mere Chipper

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    Useful insights chaps. thanks...

    I viewed a nice 2005 100K mile car this weekend and made an offer on it. ~£11k. Strangely at the same time it dawned on me that I won't pay much more for a car with 100K+ miles (just my opinion).

    Paying more just means I find myself into 15K territory that inevitably opens the door to cars with half the mileage. I don't think either 'types' of cars are better or worse, but I always view to make a car purchase with some investment profile, ultimately trying to position myself so as to be able to sell without considerable loss.

    Strangely I have found myself seeking out a few e36's along the way also.... LOL
     
  16. 24 Apr 2018 at 4:35 PM #56
    ag51bye

    ag51bye On the path

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    Wasn’t the silver grey car with red leather on PistonHeads was it?
     
  17. 24 Apr 2018 at 5:07 PM #57
    TouringRob

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    Don't know if you have owned or driven one but I had a 328 for years (still own it) as my daily driver and loved it, has brakes and suspension off an M3 evo and I was always in the "whats so great about the E46 camp".

    Then came baby and the need for some form of crash rating and ISO fix.... These (perks?) aside I would now not give up the E46 for a comparable E36. The E46 does everything the E36 does but better and with more class.

    There are a few low miles cars on ebay at the moment which may be worth a look?
     
  18. 24 Apr 2018 at 7:35 PM #58
    ste360

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  19. 25 Apr 2018 at 9:28 AM #59
    REU M3

    REU M3 A mere Chipper

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    No mate, which one is that?
     
  20. 27 Apr 2018 at 7:57 AM #60
    Salvo6484

    Salvo6484 On the path

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    ^^ +1 for this. I bought a manual coupe last year and managed to drive the price down to £7.5 at 105k Miles as I knew it needed things doing, but I also knew I wanted to get those things done myself as I could guarantee their quality.
     

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