10k: Cheap E46: 2002 BMW M3

In 2001 with the release of the E46 generation M3, BMW finally offered the North American market the same power that had been enjoyed in Europe for years.  Previous North American M3 versions had de-tuned and catalyst neutered engines, but the E46 generation was a world car, meaning everybody got the same screaming inline-6 to go with the nimble chassis.  Find this 2002 BMW M3 for sale in Seattle, WA for $13,000 via craigslist.

The E46 M3 is powered by the S54, a 3.2 liter inline-6 that makes 333 horsepower and  252 ft-lbs of torque, propelling the 3600 lb coupe from 0-60mph in 4.7 seconds.  The E46 was available with a choice of conventional manual or sequential-manual-gearbox, but the SMG suffers from being balky at low speeds and recalcitrant at a boil – so stick with the DIY clutch version…like this one.

This particular car isn’t some kind of honor student — it has 170k miles on the odometer, but the title is clean and if the maintenance has been kept up to date as claimed, it could last another 100k miles.  The S54 is a great engine and will need some expensive parts from time-to-time, but with luck you could drive this for a year or two and just pass it on to the next guy without losing your shorts.

See a better way to spend $13k and drive everywhere really fast without using your blinkers?  tips@dailyturismo.com