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tonyfury

E36 M3 - Good deal?

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I spotted a '94 E36 M3 for sale the other day. Took it for a test drive this morning and was suitably impressed! I asked the dealer about previous owners and he produced the ownership history. I was somewhat disturbed to notice that back in about 2000 it had been "owned" by New Zealand Insurance! I'm assuming this means its been written off, but I could be wrong. It was really straight - no obvious signs of repairs but then again I didn't get to look underneath and I'm not familiar with how things should be under the bonnet - I'm new to BMWs.

I'm curious if anyone knows anything about this car. It's in Chch. Here's the trademe link:

http://www.trademe.co.nz/Browse/Listing.as...&key=222210

I'm interested to know what people think about the price too.

Thanks.

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I drove that last weekend. Its very underspecced for $23k. I've driven a couple, that one drove very nicely and had good performance. There was no leather, no cd changer, no first aid kit, the crappy motorsport wheels, no sunroof and I couldn't find any service history book in the car either....

$20k would be a fairer price.

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Thanks for the comments.

So what do people think about the insurance company ownership? I'm assuming that means its been written off. Is that likely to be the case? But then some one must have stumped up with the cash to fix it cos there are no obvious signs of damage.

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Take it to BMW for their $139 check and see what they say. I'd go for the $20k mark too.

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