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I suspect it's a N52MHP where the "M" stands for magic, you almost certainly have one of these engines when you simply know it has 300hp, mainly because you've done all the work on it yourself, and you know it's faster than some of the others you've seen on the internet. Looks like a reasonable car with a questionable history, if you got away with a new engine and/or potentially some electronics there could be some value in it. I suspect however the current owner knows it's not economical to repair.

I thought he was being sarcastic, with the cheap reserve price, but it likely does need something major like that done. Owner has replaced engine previously (curious?) and manual swapped the car so obviously somewhat mechanically competent. Seems to deal in/work on cars by their past listings. The fact that they're letting it go cheap and that they're not prepared to fix it is pretty telling.

here a project for the 130i person with deep pockets https://www.trademe.co.nz/a/motors/cars/bmw/listing/3665795710?bof=Z3XmeKdf

Looks like the new owner of @Blackies E36 is moving on a low km E46 Touring https://www.trademe.co.nz/motors/used-cars/bmw/auction-3630806499.htm

100% sketchy. You had be going for the first few words thinking there was some weird N52 variant until the M stands for magic then I had a good laugh

I went down a schmiedmann rabbit hole and spent a couple of hours on there site. What a cool set up I ordered a heater and it arrived on Friday Such good service I will be going back again Thanks again Nick for the lead!!

For your car, you might be better spending the $s on an M3 LCA kit and wheel alignment