Ive always liked the E46s but all the horror stories have kept me away. I have been in need of a beater recently. I'm pretty much down to just my old Dodge pickup, which has a ton of miles, and I want to replace it with a GM truck, but its pretty much the only driver I have, and my commute has just become much longer, and it gets terrible fuel economy. So I have been passively looking for a good deal on a beater, and one fell into my lap.
I just picked this 2001 BMW 330i with 180K miles up for 250 dollars.
Body is surprisingly clean with only a couple of door dings, and failing clearcoat on the little piece above the license plate. The car will polish up real nice.
Interior is decent. The material on the headliner and pillars is coming off. The sunroof motor cover is missing (with the switches). The seats are cracking but not torn. A piece of trim is missing on a back door.
The reason it was cheap....It needs a transmission. Really it needs a front pump seal, but Im not going to pull the trans to replace it and put it back together knowing it was driven low on fluid for quite a while. It also leaks oil, coolant, and power steering fluid. It has like 9 codes stored.
The good. New struts and shocks, tires, and brakes. Guy said he had a bunch of parts he never got around to installing and he would bring them to me (I hope so but Im not holding my breath). It has the sport suspension, those are OE M Wheels, and it has the appearance package.
Im going to try and be under 2K all in, and then drive it. Outside of being an auto, and the color, it is probably what Id buy if I was actually hunting for an E46.
I did some basic checking the other day. The major oil leak is the oil filter housing gasket and vanos hose. For codes they are all over the place, but I smoked the intake and there are vacuum leaks everywhere, so Im gonna start with a PCV rebuild, intake boots, spark plugs and valve cover gasket. Coolant leak is upper radiator hose, just ordered a hose for now, gonna delay the full coolant system rebuild until I get all the other stuff done. Power steering leak is the reservoir.
I picked a used trans up for it for 350 dollars. I just ordered a bunch of parts from ebay and FCP Euro. Plan is to get the trans in Saturday, and throw everything else on Sunday and see if it runs good enough to shake it down.
Only have 2 pictures right now, more to come later