BMW M3
AI Analyzed

BMW M3

E46 Convertible

2000-2006 convertible
Overall Average Market Price
$22,760
Range: $10,995 - $47,490

Average Price by Year

Compare prices within the same model year

2001
$25,799
82,688 mi avg
11 listings
2002
$21,148
85,170 mi avg
6 listings
2003
$18,435
90,034 mi avg
10 listings
2004
$21,538
91,073 mi avg
14 listings
2005
$24,760
81,040 mi avg
11 listings
2006
$23,802
81,649 mi avg
14 listings
66
Active Listings
85,310
Overall Avg Mileage
162
Days on Market

Market Insights

Best Value Year

2004

Price Trend

Prices for this generation of M3 are stable but highly variable, reflecting the enthusiast nature of the market. While the average price sits around $22,700, deals can be found significantly below this, especially for higher mileage examples. Conversely, exceptionally well-maintained or low-mileage examples can command premium prices.

Inventory Level

Moderate

Buyer Advice

The BMW M3 market for this generation shows a wide price spectrum, indicating that condition, mileage, and specific options play a significant role. With an average of 162 days on market, patience is key. Buyers should be prepared for thorough inspections, as these are enthusiast cars that have likely seen spirited driving. Focus on vehicles with lower mileage and a solid maintenance history. Don't be afraid to negotiate, especially on listings that have been active for a longer period, as indicated by the 'days on market' metric.

Top 15 Recommended Deals

Best Deal
#1
Deal 1
2006 $23,500
Save ~$302
64,611 mi Scottsdale, AZ 2006
Spotleson Motor Group LLC.
Deal Score: 80%

This deal stands out with a high deal score and relatively low mileage for its year, making it a compelling option for a buyer seeking a well-preserved E46 M3 convertible. The estimated savings, while modest, combined with the strong score, indicate a fair market price.

VIN: WBSBR93496PK12373
View Listing
#2
Deal 2
2001 $13,995
Save ~$11,804
77,419 mi Milwaukie, OR 2001
Lot 99
Deal Score: 80%

This is an outstanding deal, offering significant estimated savings and a high deal score. The mileage is well within the acceptable range for a 2001 model, making it a prime candidate for a buyer looking for maximum value.

VIN: WBSBR93411EX20938
View Listing
#3
Deal 3
2004 $13,999
Save ~$7,539
92,114 mi Snellville, GA 2004
Starz Automotive Group
Deal Score: 79%

This deal offers a very attractive price point and significant estimated savings, coupled with a high deal score. While the mileage is slightly above average, the overall value proposition is excellent for a 2004 M3 convertible.

VIN: WBSBR93494PK06313
View Listing
#4
Deal 4
2004 $19,900
Save ~$1,638
66,256 mi Crestwood, IL 2004
Champion Motorsports
Deal Score: 78%

This 2004 M3 convertible presents a good balance with its low mileage and solid deal score. The estimated savings are modest, but the low mileage for its age is a significant positive factor.

VIN: WBSBR93454PK05272
View Listing
#5
Deal 5
2004 $19,999
Save ~$1,539
64,705 mi Dallas, TX 2004
European Automotive Center, LLC
Deal Score: 78%

This 2004 M3 convertible is a strong contender due to its very low mileage and high deal score. The estimated savings are moderate, but the low odometer reading is a significant draw for a performance car of this age.

VIN: WBSBR93454PK05627
View Listing
#6
Deal 6
2003 $17,495
Save ~$940
64,694 mi Addison, TX 2003
Car Place Dallas
Deal Score: 77%

This 2003 M3 convertible offers a great combination of low mileage and a solid deal score. The estimated savings are modest, but the low odometer reading makes it a very attractive option for a buyer prioritizing condition.

VIN: WBSBR93413PK02710
View Listing
#7
Deal 7
2005 $14,995
Save ~$9,765
84,951 mi Greensboro, NC 2005
Just Whips Inc
Deal Score: 70%

This deal offers substantial estimated savings and a good deal score, making it a strong value proposition. The mileage is within the average range, and the long days on market suggest potential for negotiation.

VIN: WBSBR93485PK09656
View Listing
#8
Deal 8
2005 $22,995
Save ~$1,765
76,527 mi Dayton, OH 2005
Mira Auto Sales North
Deal Score: 67%

This 2005 M3 convertible has a respectable deal score and mileage. The extremely long days on market suggest a motivated seller, offering a good opportunity for negotiation.

VIN: WBSBR93415PK08753
View Listing
#9
Deal 9
2006 $20,499
Save ~$3,303
83,945 mi Atlantic Highlands, NJ 2006
Massari Motors
Deal Score: 67%

This 2006 M3 convertible offers a good balance of mileage and estimated savings, with a decent deal score. The days on market are moderate, suggesting it's priced competitively but may still have room for negotiation.

VIN: WBSBR93476PK10508
View Listing
#10
Deal 10
2005 $23,991
Save ~$769
51,011 mi Houston, TX 2005
USA Direct Auto
Deal Score: 66%

This 2005 M3 convertible is a standout due to its remarkably low mileage. While the estimated savings are minimal, the odometer reading is a major selling point for a performance car of this age.

VIN: WBSBR93475PK09583
View Listing
#11
Deal 11
2004 $15,499
Save ~$6,039
91,539 mi Chantilly, VA 2004
Euro Auto Sport
Deal Score: 66%

This 2004 M3 convertible offers a good amount of estimated savings and a decent deal score. The mileage is on the higher side, but the price point makes it an attractive option for budget-conscious buyers.

VIN: WBSBR93484PK06139
View Listing
#12
Deal 12
2002 $12,995
Save ~$8,153
103,328 mi Scottsdale, AZ 2002
Certified Luxury Auto
Deal Score: 55%

This 2002 M3 convertible offers substantial estimated savings, making it a budget-friendly entry into M3 ownership. The mileage is higher, so a thorough inspection is recommended, but the price point is very compelling.

VIN: WBSBR93442EX24872
View Listing
#13
Deal 13
2006 $21,975
Save ~$1,827
74,965 mi Nashville, TN 2006
Highway 12 Motorsports
Deal Score: 54%

This 2006 M3 convertible has a respectable mileage and a decent deal score. The estimated savings are modest, but its recent listing and good mileage make it a solid option for those looking for a later model year.

VIN: WBSBR93466PK11519
View Listing
#14
Deal 14
2004 $19,995
Save ~$1,543
122,010 mi Germantown, MD 2004
Direct Auto Access
Deal Score: 52%

This 2004 M3 convertible is priced competitively, especially considering its days on market. The mileage is high, so a thorough pre-purchase inspection is crucial, but it represents an accessible entry point.

VIN: WBSBR93474PK05189
View Listing
#15
Deal 15
2003 $16,500
Save ~$1,935
110,420 mi Cinnaminson, NJ 2003
CARSHOW
Deal Score: 50%

This 2003 M3 convertible is priced attractively, especially given its days on market. The mileage is higher, so careful inspection is advised, but it offers a solid value for an enthusiast on a budget.

VIN: WBSBR93473PK04123
View Listing
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Last analyzed: April 11, 2026