BMW M3
AI Analyzed

BMW M3

E46 Convertible

2000-2006 convertible
Overall Average Market Price
$21,182
Range: $8,450 - $45,500

Average Price by Year

Compare prices within the same model year

2001
$20,944
98,935 mi avg
6 listings
2002
$17,803
102,153 mi avg
13 listings
2003
$19,982
96,140 mi avg
15 listings
2004
$20,772
89,478 mi avg
20 listings
2005
$25,876
85,009 mi avg
10 listings
2006
$22,721
82,174 mi avg
16 listings
80
Active Listings
91,476
Overall Avg Mileage
107
Days on Market

Market Insights

Best Value Year

2001

Price Trend

The market for these BMW M3 convertibles shows significant price variation, with a wide range from $8,450 to $45,500. The average price sits around $21,182. While there are premium examples commanding higher prices, many well-qualified deals are available below the average, suggesting a competitive market where diligent searching can yield substantial savings. Listings that have been on the market longer may present negotiation opportunities.

Inventory Level

Moderate

Buyer Advice

When considering a BMW M3 from this era (2000-2006), prioritize vehicles with comprehensive maintenance records, especially for the VANOS system, rod bearings, and subframe. Given their age and performance pedigree, expect potential for higher maintenance costs. Thorough pre-purchase inspections by a BMW specialist are highly recommended. Convertible models add complexity regarding the roof mechanism and seals. Look for cars that have been well-cared for, as cosmetic condition and evidence of enthusiast ownership often correlate with mechanical well-being.

Top 15 Recommended Deals

Best Deal
#1
Deal 1
2001 $15,495
Save ~$5,449
77,419 mi Milwaukie, OR 2001
Lot 99
Deal Score: 93%

This deal stands out with a high deal score, offering significant estimated savings below the average market price for a BMW M3. The mileage is relatively low for its age, and it represents excellent value.

VIN: WBSBR93411EX20938
View Listing
#2
Deal 2
2001 $14,495
Save ~$6,449
105,458 mi Mundelein, IL 2001
Northwest Motors
Deal Score: 78%

This listing offers the largest estimated savings among the top deals, making it a very attractive option despite its higher mileage. Its strong deal score indicates it's priced exceptionally well for the market.

VIN: WBSBR93431EX20729
View Listing
#3
Deal 3
2005 $21,990
Save ~$3,886
51,972 mi Fort Walton Beach, FL 2005
Step One Kia Fort Walton Beach
Deal Score: 75%

This deal is highly recommended due to its exceptionally low mileage for a 2005 model, combined with a solid deal score and substantial estimated savings. It represents a well-maintained example.

VIN: WBSBR93445PK09962
View Listing
#4
Deal 4
2006 $21,475
Save ~$1,246
73,083 mi Flint, MI 2006
75 North Auto Sales
Deal Score: 74%

This 2006 model offers a good balance of a later model year, relatively low mileage, and a strong deal score, making it a solid choice for buyers seeking a well-preserved E46 M3 convertible.

VIN: WBSBR93476PK10993
View Listing
#5
Deal 5
2003 $17,990
Save ~$1,992
85,413 mi Indian Trail, NC 2003
Autoburn Inc
Deal Score: 74%

This 2003 M3 convertible presents a good deal score and reasonable mileage for its year, offering a solid balance of performance and value. The estimated savings are also noteworthy.

VIN: WBSBR93403PK01399
View Listing
#6
Deal 6
2004 $19,999
Save ~$773
52,292 mi Pittsburgh, PA 2004
LW Automotive, LLC
Deal Score: 73%

The standout feature here is the exceptionally low mileage (52,292 miles) for a 2004 model, making it a prime candidate for enthusiasts seeking a well-preserved example. It offers great potential for future value appreciation.

VIN: WBSBR93434PK06923
View Listing
#7
Deal 7
2004 $19,999
Save ~$773
64,671 mi Dallas, TX 2004
European Automotive Center, LLC
Deal Score: 71%

This 2004 M3 convertible offers a good combination of mileage and condition, with a respectable deal score. It's a solid choice for those looking for a well-maintained performance car.

VIN: WBSBR93454PK05627
View Listing
#8
Deal 8
2001 $19,988
Save ~$956
90,290 mi Englewood, CO 2001
The Sharpest Rides
Deal Score: 71%

This 2001 M3 convertible is a good option with moderate mileage and a strong deal score. Its relatively short time on the market suggests it's priced competitively.

VIN: WBSBR93441EX20223
View Listing
#9
Deal 9
2004 $12,000
Save ~$8,772
98,144 mi Arlington, VA 2004
Eagle Automotives
Deal Score: 67%

This listing offers the second-highest estimated savings, making it an exceptional value proposition. While the mileage is higher, the price point is very aggressive for a BMW M3 convertible.

VIN: WBSBR93494PK04738
View Listing
#10
Deal 10
2002 $13,995
Save ~$3,808
100,480 mi Springfield, IL 2002
Auto Mall of Springfield
Deal Score: 66%

This 2002 M3 convertible offers a good deal score and significant estimated savings. While it has higher mileage, its price point makes it an attractive option for budget-conscious buyers.

VIN: WBSBR93402EX22701
View Listing
#11
Deal 11
2004 $15,999
Save ~$4,773
88,518 mi Apopka, FL 2004
HIGHLINE AUTO SALES
Deal Score: 66%

This 2004 M3 convertible offers a good deal score and substantial estimated savings. Its longer days on market might present an opportunity for negotiation.

VIN: WBSBR93464PK06530
View Listing
#12
Deal 12
2005 $18,495
Save ~$7,381
84,951 mi Greensboro, NC 2005
Just Whips Inc
Deal Score: 65%

This 2005 M3 convertible offers a strong deal score and excellent estimated savings, making it a compelling choice for buyers looking for value in a later model year.

VIN: WBSBR93485PK09656
View Listing
#13
Deal 13
2004 $16,999
Save ~$3,773
92,114 mi Snellville, GA 2004
Starz Automotive Group
Deal Score: 65%

This 2004 M3 convertible presents a solid deal score and decent estimated savings. Its mileage is within the expected range for this model year, making it a balanced option.

VIN: WBSBR93494PK06313
View Listing
#14
Deal 14
2002 $16,995
Save ~$808
95,210 mi Louisville, KY 2002
VA Quality Motors
Deal Score: 63%

This 2002 M3 convertible has a respectable deal score and moderate mileage. While the estimated savings are not the highest, it's a solid option for those looking for a well-priced E46 M3.

VIN: WBSBR93452EX23178
View Listing
#15
Deal 15
2006 $16,917
Save ~$5,804
83,842 mi Tampa, FL 2006
South Tampa Auto Boutique
Deal Score: 60%

This 2006 M3 convertible offers good estimated savings and a reasonable mileage for its year. Its recent listing and decent deal score make it a noteworthy option.

VIN: WBSBR93476PK10508
View Listing
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Last analyzed: September 25, 2025