white_fly
white_fly Reader
7/15/18 7:48 a.m.

I found this E46 M3 and the price seems good enough that I'm interested even though I'm currently in Texas. The fact that it's a convertible with the hardtop appeals to me. Am I going to wish I got a coupe? Can anyone recommend a good shop in Sacramento where I can have it inspected? Is there something I'm neglecting to account for in my desire to buy this car?

https://sacramento.craigslist.org/cto/d/2002-bmw-m3/6631365490.html

LanEvo
LanEvo GRM+ Memberand HalfDork
7/15/18 8:19 a.m.

Why is it salvage titled? If it was because of bodywork, that’s one thing. If it was, say, flood damaged that could be very different. 

Klayfish
Klayfish PowerDork
7/15/18 9:03 a.m.
LanEvo said:

Why is it salvage titled? If it was because of bodywork, that’s one thing. If it was, say, flood damaged that could be very different. 

Ding, ding, ding!!  We have a winner. 

Why the salvage title?  If the seller can't document it, then I'd be prepared to walk, or have it deeply and thoroughly inspected and then lowball the hell out of it.

yupididit
yupididit UltraDork
7/15/18 9:21 a.m.

A lot of these and s2000's have salvage titles from theft. Usually for replacing the seats and cloth tops. 

white_fly
white_fly Reader
7/15/18 10:53 a.m.

The salvage title was from this damage, but the hardtop is no longer available. That's a deal breaker unfortunately as the damage doesn't look that bad.

Tk8398
Tk8398 Reader
7/16/18 3:02 a.m.

I would avoid buying a salvage euro car in Sacramento, there are a lot of really sketchy shops that buy and repair those kind of cars (especially bmw and Audi) to sell.

z31maniac
z31maniac MegaDork
7/16/18 7:50 a.m.

I'm surprised that amount of damage totaled the car. 

Ian F
Ian F MegaDork
7/16/18 8:21 a.m.

In reply to z31maniac :

After doing a rough KBB.com value estimate for a 2002 M3 convertible 6MT, I'm not.  Would almost certainly cost more to repair than the final value of the car.

Depending on the price, it could be an excellent S54 donor. 

Edit: I see the car pictured above is not the car in the OP link.  $6900 doesn't sound terribly unreasonable, but if the goal is a track car, then yeah - you'll want to hold out for a coupe. 

codrus
codrus GRM+ Memberand UltraDork
7/16/18 9:32 a.m.
white_fly said:

Am I going to wish I got a coupe?

From what I understand, yes, you are.

 

93gsxturbo
93gsxturbo SuperDork
7/16/18 1:51 p.m.

You can get clean title verts with the manual for around $10k, doesnt make sense to have a salvage title one. 

white_fly
white_fly Reader
7/16/18 6:18 p.m.

This wouldn't be a track car. Primarily fun on the street, probably some local autocross. I like the idea of a convertible M3, but I also like the idea of putting the hardtop on for less noise on long trips and better insulation from harsh weather. I'd really like to drive an example of coupe, convertible and hardtop at some point. 

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