Topless Performer: 59k-Mile 2002 BMW E46 M3 Convertible

  • March 09, 2021
The Rundown
  • 6-Speed Manual Transmission
  • 3.2L, 333hp Inline 6-Cylinder Engine
  • Harmon-Kardon Audio System
  • Silver Over Black Color Combination
  • 59k Original Miles
  • Showing Some Wear, Excellent, Enjoyable Driver
Why We Like It

Known as the E46, the 1998-2006 BMW 3-Series is one of the most popular ever built. The M3 was, of course, the fast kid in the family and offered buyers astonishing performance, handling, braking, and comfort. Many consider the E46 to be the penultimate of the M3 line so far, with later iterations losing some of the feel earlier generations offered. Currently, it seems these cars are nearing the bottom of their value descent, which means it’s probably a good time to pick one up if they’ve ever been on your radar.

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topless-performer-59k-mile-2002-bmw-e46-m3-convertible00C0C gBnjOCkICAez 0x20m1 1200x900This one seems like an honest one to think about. A convertible, it’s finished in the very Germanic colors of silver over black, it’s got the manual transmission, the beautifully finished M-Sport wheels, and presents very nicely, even if slightly blemished. The seller notes scrapes on the air dam, and a cracked windshield that has been filled and corrected, but otherwise the car sounds solid. Even the connecting rod bearing recall was addressed in 2005. With just under 60k miles, it’s likely going to need a major servicing soon, unless that’s been done and it’s just not mentioned, but all things considered, the car seems like a great one. It’s got lots of options and amenities like heated and electrically operated seats, Xenon headlights, rain-sensing windshield wipers, and all the magic that comes with an M-badged BMW. While it’s not perfect, it seems to be a great example to enjoy – something for cruise ins and weekend getaways, something to enjoy.

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Valuation Verdict

M3s are proving solid investments all around, and the E46, with its reputation and fanbase, is certain to see an upswing in value soon. We see comparable examples sell at auction in the $20k range, and we think this one would feel very fair at just below the advertised price.

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