So close to buying an E46 M3.. but....

So close to buying an E46 M3.. but....

Author
Discussion

gwatson

Original Poster:

2,570 posts

248 months

Thursday 30th August 2007
quotequote all
Always wanted an M3 and I have found the exact spec but I am still a little nervous to complete the deal.

The car is an Sept 03 with all the toys inc TV and Sat Nav. Dealer is asking for £25K with 19K on the clock. If I can get it for £24K with warranty, serviced etc I'd be happy. But with the new M3 what's going to happen to depreciation? Will it really effect it, afterall the new M3 is a completely different market. Saying that I've lost £10K in two years on my Z4.

Other questions, how much is a SAT Nav update? Or rather what's the cost to a dealer, are they likely to just throw it in if I ask?

G




Vixpy1

42,676 posts

271 months

Thursday 30th August 2007
quotequote all
Whats the mileage? Main dealer or Indy ?

gwatson

Original Poster:

2,570 posts

248 months

Thursday 30th August 2007
quotequote all
19K from a main BMW dealer.

Vixpy1

42,676 posts

271 months

Thursday 30th August 2007
quotequote all
gwatson said:
19K from a main BMW dealer.
Its a little overpriced against what you would pay at an indy

gwatson

Original Poster:

2,570 posts

248 months

Thursday 30th August 2007
quotequote all
Yeah I know... but I am willing to spend a little more for the right car, means a lot, especially with the exact colour and spec, low miles too.

Ahhhhhhh....... just can't decide.

Insurance is proving expensive. £850 for 27 year old with 5 year NCB.

My modified, more powerful supercharged BMW Z4 is cheaper. frownfrown

Vixpy1

42,676 posts

271 months

Thursday 30th August 2007
quotequote all
What sort of Warranty are they throwing in?

gwatson

Original Poster:

2,570 posts

248 months

Thursday 30th August 2007
quotequote all
Standard BMW used warranty for 1 year. This car is from a BMW dealer.

Olf

11,974 posts

225 months

Thursday 30th August 2007
quotequote all
gwatson said:
Always wanted an M3 and I have found the exact spec but I am still a little nervous to complete the deal.

The car is an Sept 03 with all the toys inc TV and Sat Nav. Dealer is asking for £25K with 19K on the clock. If I can get it for £24K with warranty, serviced etc I'd be happy. But with the new M3 what's going to happen to depreciation? Will it really effect it, afterall the new M3 is a completely different market. Saying that I've lost £10K in two years on my Z4.

Other questions, how much is a SAT Nav update? Or rather what's the cost to a dealer, are they likely to just throw it in if I ask?

G
SatNav you can do yourself for free on a quiet saturday afternoon. Sure we can point you in the right direction. I'm sure you'd rather have hard cash off the car?!

filaborg

261 posts

213 months

Friday 31st August 2007
quotequote all
dont see how a 55k car can have any affect on a 25k car, there is just to great a void.

blackcab

1,259 posts

207 months

Sunday 2nd September 2007
quotequote all
sounds a little bit on the expensive side, for an 03, even from a dealer, nice low mileage ones are rare and dealers do try and get a premium, but I would say dealer would let it go for 21750 - 22500.
Due to the age of car check that the warranty is BMW and not just administered by BMW, the difference is usually a payable excess on the administered one, also the car will be due inspection 1 service shortly and that will be minimum of £700, I just had mine done last week and was nearer £800.

Good luck with it