M Coupe For Sale || M Coupe Buyers Guide

2002 BMW M COUPE

SOLD on or around June 29, 2011

4,769 miles

$36,500
Sale Price Unknown

2002 BMW M Coupe in Estoril Blue Metallic over Estoril Blue & Black Nappa

Exterior Color Estoril Blue Metallic
Interior Color Estoril Blue & Black Nappa
Engine S54

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Seller Description

For those of you who are aware of the M Coupe, its performance potential, its aggressive and quirky look and have sought to own one that is in prime condition and has not been street/track raced or otherwise abused ... this is your car. This car has enjoyed as very special and cared for life and has only accumulated 4767 miles to date. It has been routinely cleaned and serviced, kept in a garage or covered when outdoors. It has never been driven in snow or salty conditions and in fact spent the majority of its life in California. The car is currently located in Zionsville, IN, near Indianapolis.

The 2002 model is the best of the production years with the E46 3.2 liter, 315 horsepower in-line 6 cylinder engine with gobs of torque and 0-60 mph in 5 seconds performance and latest updates. This car is fast.

This car is flawless (other than some curb-rash (see picture) on the left-rear wheel). There is not a single scratch, rub, dent, ding on this car. The interior is perfect. The car is representative of the extremely low mileage it has. This is a one-of-kind car that needs a new home and an owner that will appreciate all of its character and performance.

Car comes with car cover, bra and factory manuals and tools.

M Coupes sell over a very broad range of price due to their various specifications, mileage and general condition. This car is at the high end of that scale. Only those buyers who are serious and aware and appreciative the of the M Coupe's unique character and this car's special condition need to bid.

Only bids from bidder's with positive feedback. Car is available for viewing by appointment. High resolution photos, and/or photos of other angles, are available upon request. Buyer is responsible for pick up or shipping/transport (arrangements and cost). $500.00 deposit required via PayPal within 24 hours of closing bid. Full payment required within 3 days of closing bid. Deposit will be retained if final payment is not received and cleared and car will be relisted.

Seller

Private
Zionsville, IN

My Ratings

Condition:
Rarity:
Value:

My Comments

Sold 6/29/11 - Sold to Enthusiast Auto

6/10/11 Update - This coupe was featured on BringATrailer.com with a new price of $36,500 down from $36,900

4/29/11 Update - Price reduced to $36,900 from $37,900. I talked to the owner. He found the car in White Plains, NY, in 2005 and had it transported to CA. Two years ago he took a job with de Ferran Motorsports in Indianapolis and had the car transported there with the intent of using it more but hasn't due to the weather and road conditions. I think the price is fair for one of the very nicest coupes out there.

8/20/10 Update - Price reduced to $37,900 from $38,950

7/13/10 Update - Ebay auction ended with a high bid of just $25,655 which did not meet reserve

7/6/10 Update - Relisted on Ebay with a buy-it-now of $38,950 down from $39,900

7/4/10 Update - Ebay auction ended with a high bid of $29,600 which did not meet reserve

I think this is the new record for lowest mileage M Coupe I have seen for sale since starting my search. There are 313 in this color combination but only 51 with the S54 engine, 22 in 2002, and 15 of those with sunroofs. It appears to be in the condition you'd expect of such an ultra low mileage car with the exception of the one wheel having some curb rash. I'm not sure why they didn't have that wheel refinished or replaced before selling it.

It will inevitably draw comparisons to the other ulta low mileage coupe currently for sale: the steel gray over imola red one. The steel gray car is obviously a more rare color combination with just 23 made in total and just 2 without sunroofs. It is also blemishless. This one has a buy it now price almost $10k less though. I can't really comment on the price as I haven't really seen any comps for a car like this. I'm curious to see how it does.

It may also draw comparisons to the pre-production M Coupe of the same color combination and only 13,000 miles currently for sale in Canada for the same price. Personally, I'd probably prefer the Canadian coupe even with 9,000 more miles because it's background story is a lot cooler and the condition comparable.

Some have noticed, as I did, that it's in Zionsville, IN where Zionsville Autosport (a BMW salvage yard) is located. I couldn't find any obvious connection between the Ebay usernames, and the title report seems to be in good order. You can click on the Ebay link above to see it's AutoCheck report (it wouldn't let me link directly to it).