At $20,990, could this 2011 BMW M3 turn out to be a bargain?

Good price or no dice 2011 BMW M3

While BMW may have some of the best wheel designs in the business, today’s Good price or no dice The M3s prove that some people still need something a little more flamboyant. Let’s see if the price of this M3 is just as flashy.

For something that was more a toy than a car, yesterday 1923 Ford Bucket T Roadster certainly caused a lot of drama in the poll. It was neck and neck all morning with thumbs up right next to thumbs down by the narrowest margin. There was a lot of pearling as a result, but in the end the vote swung, knocking the Bucket’s $23,500 price down into a 52% no-dice loss. I guess it wasn’t just considered a drop in the bucket. I will show myself.

Having a toy car is not a bad idea. What’s better, though, is having a toy that’s also a fairly complete car and is designed to keep you safe in case things go pear-shaped or just offers niceties like air conditioning and the windows.

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Today BMW M3 2011 is just such a car. And, with a four-liter S65 V8 barking mischievously under the hood, it should prove to be quite a powerful plaything too. The ad states that the engine puts out 420 horsepower, which is about six more than what is claimed from the factory. These additional ponies may have been found through the secondary chat removal listed in the ad. This would eliminate some of the back pressure on the exhaust and may increase output. Or maybe it’s just a rounding error.

Either way, anything over 400 horsepower seems like the ticket to ride these days. That being said, the current M3 does even more than that, although it does so by way of a turbocharged six rather than a beefy V8. The E90 series was the last M3 to use a V8 (until now), and it was the model’s pinnacle cylinder count to date.

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Here, this large mill is supported by a Seven-speed DCT (dual clutch gearbox) and before you get excited about the clutch part of that three-word title, understand that there’s no clutch pedal here and everything is done for you aside from slapping the stubby shifter or flapping the paddles behind the steering wheel when the atmosphere please. For purists yearning for a real stick, rest assured that the DCT gives you a seventh gear to play with, and if this were a complete manual, you’d probably have a tennis elbow or something trying to find that extra cog. All manual M3s of this era are only six-speed.

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The rest of the car looks reasonably well maintained for its decade of life and 90,000 miles on the road. Although not outrageously modded, it does come with a few add-ons. These include the aforementioned re-plumbed and dirtier exhaust, a screwed-in tow hook mount license plate bracket, carbon fiber kidneys and rear fender, and, in what is likely To prove the most controversial of the changes, a set of metallic red Avant Garde M540 wheels replace the factory units. A tape measure shows these to be 19 inches in diameter and instead of the tires they appear to carry some kind of art project where a thin coat of black paint replicates the Michelin brand styling. I’m kidding, of course, but these are very skinny tires and probably make the ride a bit rougher than expected from the factory.

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Still, wheels and tires are an easy fix. Mechanical problems on a modern-era BMW are less easily rectified and can be very costly. Fortunately, this M3 is described as being in “excellent working order” and would have been “stored in a garage”, which at least on paper makes it a good starting point.

The ad doesn’t mention service and repair records, so a good pre-purchase inspection might be warranted here. It will cost the potential buyer a few hundred dollars. There is also a noticeable ding just aft of the fuel filler that a paintless dent puller could make quickly. There are still a few hundred. Other than those obvious issues, there don’t seem to be too many red flags here. A proper title might just seal the deal. That is, of course, if the car’s $20,990 asking price seems right.

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That gives you the latest of the M3 V8 convertibles and the bragging rights that 420 horsepower buys. What do you say, is this seemingly solid M3 worth that much? Or, does this price mean that a new buyer will be hard to find?

You decide!

Queens, New York, craigslistwhere to go here if the ad disappears.

H/T to RevUnlimiter for the hookup!

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