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I know V8s are hard to find since the move to V6 but this doesn’t sound good. With this wear and tear, I wouldn’t touch a M3. I rather wait to find the right car. My dream car used to be E46 M3 but couldn’t find it and after a year of waiting, got a E92 335i. Good luck!
Unless you need a car right now, I would wait. As K1 said, used market (and new) is crazy. No deals, cars are appreciating, etc.
Once OEM’s can get back to normal production (chip shortage won’t last forever), the market will probably start to get back to normal.
Damn maybe I should just save my sheckles
No shot. 4 owner DCT with 50k miles coming from a dealer doesn’t strike me as something that’s well loved.
Chief
Be aware, the used car market is absolutely insane now, because a 50k E92 m3 wouldn’t sell for 22k even if it was blown up...
2 questions
What color, and is a SMG or manual car?
Depending on the answers to the above, a good range is 30-40 LOL. I saw a manual orange ‘12 with 40k sell for 50k the other month.
Also, be aware that e92 m3’s have some pretty serious issues that can cost a pretty penny down the road
Chief
Being honest, unless you KNOW these cars, I’m going to say it’s a bad idea.
Rising Star
The price seems fair (a bit below KBB price).
But you absolutely need a pre purchase inspection - M3s are about as bro-ey as a car can be, they’re probably been redlined to death and it’s probably led not such an easy life if it has a damaged front and seats and they’ve been left unfixed.
Personally I’d only get an M3 with a documented maintenance history (at least for major services) and a PPI to confirm that it has no frame damage and any repaints have been minimal and documented. So many of these things have been snap oversteered onto an innocent sidewalk and left with a bent axle and frame…
I also think that the time to get an E92 is now - they’re bottoming in price and maybe in 3-5 years’ time they’ll be collectible like an E46. I’d even pay more for one that’s certifiably in great condition.
Chief
OP -
In the 25-35k market budget, I’d HIGHLY suggest buying a CPO bmw (340, 240), unless you are able to save for when things go wrong in the next couple years. These are not cheap cars to owned
I’ve owned an e46 and e36 which are even less problematic than e92’s
Wow i didnt know used m3s were so expensive (not too familar with them) . A quick look on autotrader and im seeing really high prices for older models and pretty decent mileage. Is it because of car /used car shortage now?
Base price is $69.9k for 2021 m3.
Auto trader has '18s,' 19s for $55k+, some over $60k, some even over $70k. Which seems to be more than just buying a brand new?
I guess there are a lot of options you can add?
That makes sense. Im not in the market for a cars but only heard of the price inflation due to supply/demand. Seeing actual numbers now.
With prices so high and supply so limited, is there a business case to buy now? Vs wait 6 months to a year? Especially on new cars that i assume will be price stable once supplies are stable.
I get paying a bit extra for sanitizer when price was high. It was for personal health safety. I can kinda get buying inflated houses because your rental lease is up and no where to live and house prices likely will stay high, but cars.. Once this supply shortage is done they'll start ramping up and spitting cars out left and right... Right?
You can get way lower. There are faster cars for less now with great handling, so the only people that actually want those are car enthusiasts, which means there isn't much competition at that price point
Chief
That isn’t exactly the point of this post
If everyone wanted straight line speed, we would all buy only crotch rockets.
My point is that this car likely wouldn’t be purchased for 22k, and the value of the car in today’s market, is very high, despite being slow.
Supply and demand
22k is way too high for a beat-up 11 year old E92 M3. Also, it's SMG. Pics would help us give you a better idea
https://www.truecar.com/used-cars-for-sale/listing/WBSWD9C53AP362805/2010-bmw-m3/