Bargain NZ New Manual E46 M3 Coupe?

[Kees 594]

Spotted this. Sub 40K for an NZ New, M3 Coupe, pretty sure its factory manual since its NZ New and listed as such on carjam. Seems a bit of a bargain?!

I've actually seen this car in person frequenting Queenstown and it does need a variety of cosmetic things remedied but has decent bones. I actually took a few photos of it because I thought it looked rather tasty especially with the mountains in the backdrop. From memory the interior needs a full overhaul. 

Here is the link:

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/3705220724

 

Here are the photos I took of it in February 2021. 

 

 

Edited July 31, 2022 by Kees

[Eagle 1662]

Is it really a bargain though? Fixing all the cosmetic issues, do all the guaranteed deferred maintenance and mechanical work, then maybe do preventative subframe repairs and rod bearings, easy 10k+ right off the bat .

[Karter16 404]

2 hours ago, Eagle said:

Is it really a bargain though? Fixing all the cosmetic issues, do all the guaranteed deferred maintenance and mechanical work, then maybe do preventative subframe repairs and rod bearings, easy 10k+ right off the bat .

Yeah agreed. I'd say, given the recent pull-back in prices, that it seems about bang-on to me given the mileage, condition and big 3 needing to be addressed.

[KwS 2425]

The condition of it in the listing screams an owner that does the typical Kiwi bare minimum to keep it on the road.

This gear knob disgusts me. Who wants to put their hand on that every time they drive it?

[m325i 709]

Sold?

If close to ask, I'm quite impressed by that price

[Glacial Pace 32]

Saw this one yesterday, was considering going and viewing but it just seemed like it was going to need a lot of work done to it in the near future. 

Still waiting for a cheap e92 that's not to horrendous to come along. 

[Bennyboy 199]

At least they put a new knob on, right? 
 

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/3774378882

[topnotchrally 106]

4 minutes ago, Bennyboy said:

At least they put a new knob on, right? 
 

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/3774378882

That's worth 17 grand, right?

 

[Neal 544]

14 e46 M3s on trademe at the moment.

Must be some kind of record 

[Bennyboy 199]

Let’s be honest - they’re a dime a dozen 

[Kees 594]

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/3774378882

 

Here it is again with a 55K ONO price....

[Vass 830]

Love the glue coming loose from the door seals