I'm about to purchase an M3, is this a good deal?

[tommybes]

This is my 1st post. I'm so happy to of found this forum. My question is, should I purchase the following? It's a 2001 M3 convertable.
It's low milage with 18,000 miles on it.
Will be under warranty bumper to bumper through 2008.
It's loaded with a navigation system.
I think I can get them down to $40.000. Would you buy it if you were me? Iv'e always wanted an M3. I really want this car.
I plan on buying it, keep it for about 3 or 4 years then trade it on the newer body style M3.

With all that said, should I purchase what I just described or fork out 20 thousand more for a new one with the exact colors I want?
Thank you,
Tommy

 

[mazachan]

Wow.. if you love the M3 that much and had the cash available, I would most definitely shell out the extra 20k for a new one. Although you'd have to act pretty quickly, since production on the E46s have stopped. But at least you can get more of what you want.

 

[drunk7daysaweek]

that sounds like a good deal, plus it's already taken the depreciation hit... I think the 2001 is ur best bet

 

[Tom]

Welcome aboard, yes that does sound like an excellent deal especially with such low mileage.

 

[dh21187]

You can also go to www.nada.com and see what they are getting for them to make sure.