BMW M3
AI Analyzed

BMW M3

E46 Convertible

2000-2006 convertible
Overall Average Market Price
$22,221
Range: $8,800 - $48,998

Average Price by Year

Compare prices within the same model year

2001
$22,524
100,156 mi avg
7 listings
2002
$12,898
111,911 mi avg
3 listings
2003
$19,036
88,478 mi avg
11 listings
2004
$22,657
84,308 mi avg
15 listings
2005
$26,805
75,317 mi avg
11 listings
2006
$22,522
83,837 mi avg
13 listings
60
Active Listings
86,551
Overall Avg Mileage
104
Days on Market

Market Insights

Best Value Year

2004

Price Trend

The market for these M3 convertibles is stable, with a wide price range reflecting differences in mileage, condition, and seller motivation. While average prices are around $22,000, exceptional examples can command higher figures, and those needing work are significantly cheaper. Deals with substantial estimated savings often have higher mileage or have been on the market longer, indicating potential negotiation leverage.

Inventory Level

Moderate

Buyer Advice

The BMW M3 convertible market from 2000-2006 presents a compelling blend of performance and style. While inventory is moderate, prices show significant variation based on condition, mileage, and maintenance history. Buyers should prioritize well-documented service records, as these vehicles can incur substantial maintenance costs if not properly cared for. Given the age, expect potential for wear and tear, especially on convertible tops and suspension components. The 'best value' appears to be in the 2004 model year, offering a strong balance of features, performance, and market pricing within this generation.

Top 15 Recommended Deals

Best Deal
#1
Deal 1
2001 $14,995
Save ~$7,529
77,419 mi Milwaukie, OR 2001
Lot 99
Deal Score: 96%

This deal stands out with the highest deal score (0.96) and the most substantial estimated savings ($7,529). While it has higher mileage for its age and has been on the market for a considerable time (315 days), its attractive price point makes it an exceptional value proposition for enthusiasts.

VIN: WBSBR93411EX20938
View Listing
#2
Deal 2
2004 $19,900
Save ~$2,757
66,256 mi Crestwood, IL 2004
Champion Motorsports
Deal Score: 88%

This 2004 M3 convertible offers a compelling combination of low mileage (66,256) and a strong deal score (0.88). While the estimated savings are moderate, its relatively long days on market (237) suggest potential for negotiation.

VIN: WBSBR93454PK05272
View Listing
#3
Deal 3
2004 $19,999
Save ~$2,658
64,705 mi Dallas, TX 2004
European Automotive Center, LLC
Deal Score: 88%

This 2004 M3 convertible is a top contender with a high deal score (0.88) and very low mileage for its year (64,705). Its extended time on market (259 days) provides a good opportunity for negotiation.

VIN: WBSBR93454PK05627
View Listing
#4
Deal 4
2004 $16,998
Save ~$5,659
86,639 mi Concord, NC 2004
Alta Auto Group
Deal Score: 81%

This 2004 M3 convertible offers substantial estimated savings ($5,659) and has been on the market for 106 days, indicating a good negotiation window. Its mileage is close to the average, making it a balanced option.

VIN: WBSBR93494PK05405
View Listing
#5
Deal 5
2004 $15,500
Save ~$7,157
92,403 mi Thousand Oaks, CA 2004
Malibu Automotive Group
Deal Score: 76%

This 2004 M3 convertible offers the second-highest estimated savings ($7,157) and a good deal score (0.76). While it has higher mileage (92,403), its 160 days on market provides a solid basis for negotiation.

VIN: WBSBR93454PK07930
View Listing
#6
Deal 6
2003 $18,495
Save ~$541
64,694 mi Addison, TX 2003
Car Place Dallas
Deal Score: 74%

This 2003 M3 convertible boasts very low mileage (64,694) and a good deal score (0.74). While estimated savings are minimal, its 119 days on market offers a negotiation opportunity.

VIN: WBSBR93413PK02710
View Listing
#7
Deal 7
2004 $16,999
Save ~$5,658
92,114 mi Snellville, GA 2004
Starz Automotive Group
Deal Score: 73%

This 2004 M3 convertible provides good estimated savings ($5,658) and has been on the market for 85 days. Its mileage is on the higher side (92,114), but the price and deal score make it an attractive option.

VIN: WBSBR93494PK06313
View Listing
#8
Deal 8
2006 $19,995
Save ~$2,527
66,912 mi Largo, FL 2006
Total German Performance
Deal Score: 73%

This 2006 M3 convertible is a strong candidate with low mileage (66,912) and a good deal score (0.73). It has been on the market for 56 days, suggesting some negotiation potential.

VIN: WBSBR93486PK11389
View Listing
#9
Deal 9
2006 $21,495
Save ~$1,027
66,400 mi San Diego, CA 2006
Autologic
Deal Score: 71%

This 2006 M3 convertible features low mileage (66,400) and a respectable deal score (0.71). It has been on the market for 65 days, offering a reasonable window for negotiation.

VIN: WBSBR93496PK10817
View Listing
#10
Deal 10
2004 $15,999
Save ~$6,658
88,518 mi Apopka, FL 2004
HIGHLINE AUTO SALES
Deal Score: 67%

This 2004 M3 convertible presents substantial estimated savings ($6,658) and has a good deal score (0.67). Despite its mileage (88,518), its recent listing (36 days on market) and attractive price make it a noteworthy option.

VIN: WBSBR93464PK06530
View Listing
#11
Deal 11
2004 $15,999
Save ~$6,658
91,539 mi Chantilly, VA 2004
Euro Auto Sport
Deal Score: 64%

This 2004 M3 convertible offers significant estimated savings ($6,658) and a good deal score (0.64). Its mileage is higher (91,539), but it's a very recent listing (30 days on market), suggesting potential for an early offer.

VIN: WBSBR93484PK06139
View Listing
#12
Deal 12
2005 $24,991
Save ~$1,814
51,011 mi Houston, TX 2005
USA Direct Auto
Deal Score: 61%

This 2005 M3 convertible is notable for its exceptionally low mileage (51,011) and a decent deal score (0.61). While estimated savings are modest, its very recent listing (21 days on market) and pristine condition make it a prime candidate for a strong offer.

VIN: WBSBR93475PK09583
View Listing
#13
Deal 13
2005 $24,559
Save ~$2,246
58,985 mi Los Angeles, CA 2005
Auto Connections
Deal Score: 58%

This 2005 M3 convertible is highlighted by its low mileage (58,985) and a deal score of 0.58. It's a very recent listing (3 days on market), suggesting it's priced competitively and might be open to a quick offer.

VIN: WBSBR93495PK10184
View Listing
#14
Deal 14
2006 $21,990
Save ~$532
83,945 mi Atlantic Highlands, NJ 2006
Massari Motors
Deal Score: 58%

This 2006 M3 convertible has a decent deal score (0.58) and has been on the market for 96 days. Its mileage is average (83,945), and while estimated savings are low, the time on market indicates potential for negotiation.

VIN: WBSBR93476PK10508
View Listing
#15
Deal 15
2006 $20,150
Save ~$2,372
96,275 mi Mooresville, NC 2006
Fast Lane Motors
Deal Score: 55%

This 2006 M3 convertible has a deal score of 0.55 and has been on the market for 106 days. While it has higher mileage (96,275), its extended time on market provides a good basis for negotiation on its current price.

VIN: WBSBR93466PK11990
View Listing
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Last analyzed: March 5, 2026