BMW M3
AI Analyzed

BMW M3

E46 Convertible

2000-2006 convertible
Overall Average Market Price
$25,656
Range: $12,115 - $69,995

Average Price by Year

Compare prices within the same model year

2001
$20,980
103,520 mi avg
6 listings
2002
$25,580
93,488 mi avg
13 listings
2003
$27,273
80,279 mi avg
16 listings
2004
$23,991
100,537 mi avg
14 listings
2005
$27,355
87,316 mi avg
9 listings
2006
$26,675
76,356 mi avg
11 listings
69
Active Listings
89,191
Overall Avg Mileage
97
Days on Market

Market Insights

Best Value Year

2003

Price Trend

The market for these BMW M3 convertibles is stable but highly segmented. Prices vary considerably based on mileage, condition, and specific year. While the average price hovers around $25,600, deals can be found significantly below this, especially for higher-mileage examples or those that have been on the market longer. Newer listings with lower mileage command a premium.

Inventory Level

Moderate

Buyer Advice

The BMW M3 market for this generation shows a wide price spectrum, with significant opportunities for savvy buyers. Given the age of these vehicles, prioritize a thorough pre-purchase inspection and budget for potential maintenance. Patience is key, as older listings with higher mileage often present the most substantial savings. Focus on deals with high estimated savings and consider the vehicle's history and condition carefully.

Top 15 Recommended Deals

Best Deal
#1
Deal 1
2003 $26,298
Save ~$975
43,217 mi Tallahassee, FL 2003
Exotic Car Trader Southeast
Deal Score: 87%

This deal stands out due to its exceptionally low mileage for the model year, combined with a strong deal score. It represents a well-preserved example that is priced competitively, offering good value for a collector or enthusiast seeking a low-mileage E46 M3 convertible.

VIN: WBSBR93443PK02068
View Listing
#2
Deal 2
2002 $20,013
Save ~$5,567
76,358 mi North Highlands, CA 2002
All Cars & Trucks
Deal Score: 86%

This deal offers substantial estimated savings, making it an excellent value proposition. With mileage well below average for its year and a strong deal score, it represents a fantastic opportunity to acquire a desirable M3 convertible at a competitive price point.

VIN: WBSBR934X2EX22446
View Listing
#3
Deal 3
2003 $26,628
Save ~$645
45,997 mi West Chicago, IL 2003
Saint Charles Motorcars
Deal Score: 85%

This 2003 M3 convertible boasts very low mileage, making it a highly desirable find. Although the estimated savings are modest, its excellent condition and low odometer reading justify its strong ranking and appeal to buyers prioritizing preservation.

VIN: WBSBR93463PK01214
View Listing
#4
Deal 4
2006 $25,652
Save ~$1,023
63,264 mi Addison, IL 2006
Auto Gallery Chicago
Deal Score: 78%

This 2006 M3 convertible is a strong contender, offering a later model year with relatively low mileage. While the estimated savings are modest, its position as one of the newer vehicles in the list makes it an attractive option for buyers seeking a more recent example of this iconic model.

VIN: WBSBR93416PK10410
View Listing
#5
Deal 5
2006 $19,475
Save ~$7,200
73,083 mi Flint, MI 2006
75 North Auto Sales
Deal Score: 76%

This 2006 M3 convertible offers a remarkable combination of a later model year, reasonable mileage, and substantial estimated savings. It's a standout deal for buyers looking for significant value and a more modern example of the E46 M3.

VIN: WBSBR93476PK10993
View Listing
#6
Deal 6
2003 $23,570
Save ~$3,703
66,720 mi Sacramento, CA 2003
Olympic Motors
Deal Score: 74%

This 2003 M3 convertible presents a compelling package with below-average mileage for its year and a solid deal score. It offers a good balance of condition and price, making it an attractive option for enthusiasts.

VIN: WBSBR93483PK03305
View Listing
#7
Deal 7
2004 $16,999
Save ~$6,992
91,539 mi Chantilly, VA 2004
Euro Auto Sport
Deal Score: 74%

This 2004 M3 convertible offers exceptional value with a very attractive price point and significant estimated savings. While mileage is slightly above average, the overall deal score and savings make it a top recommendation for budget-conscious buyers.

VIN: WBSBR93484PK06139
View Listing
#8
Deal 8
2002 $13,894
Save ~$11,686
103,328 mi Scottsdale, AZ 2002
Certified Luxury Auto
Deal Score: 74%

This deal presents the largest estimated savings among the top 15, making it an incredible value proposition. While it has higher mileage, the aggressive pricing and strong deal score indicate a fantastic opportunity for a buyer who prioritizes affordability and is prepared for potential maintenance.

VIN: WBSBR93442EX24872
View Listing
#9
Deal 9
2005 $17,395
Save ~$9,960
100,905 mi Fairfield, OH 2005
Automotive Connection
Deal Score: 73%

This 2005 M3 convertible offers substantial estimated savings and a competitive price point. Despite having mileage over 100,000, its strong deal score suggests it's a well-priced vehicle for its condition, appealing to buyers seeking maximum value.

VIN: WBSBR93455PK08254
View Listing
#10
Deal 10
2003 $23,781
Save ~$3,492
38,892 mi Portland, OR 2003
Acura of Portland
Deal Score: 71%

This 2003 M3 convertible is a standout due to its remarkably low mileage, which is significantly below average for its year. This makes it a highly desirable option for collectors or enthusiasts seeking a pristine example.

VIN: WBSBR93403PK04335
View Listing
#11
Deal 11
2006 $24,991
Save ~$1,684
45,962 mi Roseville, CA 2006
Bespoke Auto Collection
Deal Score: 71%

This 2006 M3 convertible is a strong contender, featuring low mileage and a later model year. While the estimated savings are modest, its excellent condition and competitive pricing make it a solid choice for buyers prioritizing a well-maintained example.

VIN: WBSBR93406PK11953
View Listing
#12
Deal 12
2005 $19,223
Save ~$8,132
81,940 mi Anderson, IN 2005
Redwood Automotive
Deal Score: 69%

This 2005 M3 convertible offers a great balance of price, mileage, and estimated savings. It represents a solid value for a well-equipped performance car, making it a smart choice for buyers looking for a good deal.

VIN: WBSBR93445PK09637
View Listing
#13
Deal 13
2001 $18,795
Save ~$2,185
93,841 mi Clayton, NC 2001
Frontline Motors
Deal Score: 68%

This 2001 M3 convertible is one of the older models available, offering an accessible entry price. While mileage is above average, its deal score indicates it's priced competitively for its age and condition, making it a good option for those seeking an earlier E46 M3.

VIN: WBSBR93451EX20019
View Listing
#14
Deal 14
2004 $19,697
Save ~$4,294
93,035 mi Indian Trail, NC 2004
All City Auto
Deal Score: 66%

This 2004 M3 convertible offers a good balance of price and mileage, with respectable estimated savings. It's a well-rounded option for buyers looking for a capable performance car without breaking the bank.

VIN: WBSBR93434PK06937
View Listing
#15
Deal 15
2005 $16,749
Save ~$10,606
105,483 mi Tucson, AZ 2005
Driven Auto
Deal Score: 65%

This 2005 M3 convertible offers the second-highest estimated savings in this list, making it an outstanding value proposition. While it has the highest mileage among the top 15, its aggressive pricing and strong deal score make it an excellent choice for budget-conscious enthusiasts.

VIN: WBSBR93405PK08677
View Listing
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Last analyzed: September 1, 2026