David S. Wallens
David S. Wallens Editorial Director
12/10/13 12:00 a.m.
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Okay, count with us here: How many cars can do 0-60 in 4.8 seconds, circle around a Formula 1 track faster than just about anything other than a full-spec race car, carry four people in true luxury, and cost well under $50,000?

None, right? The all-new BMW M5 meets all those qualifications except o…

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mykola_m3
mykola_m3 New Reader
7/2/20 4:15 p.m.

Great review, easy to read, interesting to read, from what I understood e46m3 is way better than regular e36m3 and tiny bit behind on track comparing to e36Lightweight Paul version?   

You are so lucky that you can have one for ~$10K, ironically, in "developing" countries like Ukraine we must pay tons of taxes just to bring car in and make it legal to ride inside, do not want to complain but it would cost $22grands and you do not know in what condition she would arrive eventually

In European Union countries there is no e46 m3 for less than $25 grands, but I know people that searched for e46m3 for years, they only had a chance to review 3-4 cars and they were in poor condition and owners were asking 25+) so they ended up with new M4 or something like that

In plans is to make from my regular e46Ci custom with modern bmw inline6 turbo engine for 340-370HP and sport suspension and brakes, all newer for 10G,
GRM, if project performed well - can she have success in material value? For example how difficult it would be to sell full custom vs genuine m3? Any thoughts?

nderwater
nderwater UltimaDork
7/2/20 4:58 p.m.

Hi Mykola, note that post you're replying to is from six years ago, and it was a reprint of an article published in GRM twenty years ago ;)

In this country, the E46 M3 has become a "collector's car" and has been gaining value.  A few years ago a nice E46 M3 might cost $15,000, but today low mileage cars are in the $35,000-$50,000 range.  M3s with no modifications have the most value.

An E46 coupe with an engine swap will appeal to a small audience and would be more difficult to sell than a stock car.  Engine swaps are often complex and costly, so most enthusiast owners perform swaps to get the most enjoyment from their own car; few swapped cars can sold here for a profit.

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