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yes and no (archive)

[ Follow Ups ] [ E30 M3 Message Board ] [ Msg. Board FAQ ]

Posted by Eric on March 05, 2001 at 19:07:39:

In Reply to: M3 ownership questions posted by Sean K on March 05, 2001 at 17:09:39:

I am a 17-yr old high-school student with a part time job( $7.00/hr.). My 1st question: Will $11,000-$13,000 get me an 1988-1989 M3 in good condition, or will it have costly mechanical problems?
2nd: If its in good condition, will I be able to keep it in good condition without going backrupt? Around how much money a year do they cost to maintian? Is owning an E-30 M3 realistic for me?

I bought my M3 when I was 16, it is my 3rd BMW. I bought mine for $9,500 and have spent about $7,000 fixing and upgrading it. Although I lvoe my M3, i wish i had found one in a bit better condition. if you can buy one from a little old woman that has driven it to the supermarket and back fro the last 12 years (i know it's dreaming, but you get the point)

although the car is costly, it wont make you totally bankrupt. but a few paychecks will definetly be entirely spent on the car. here are a few things i spent last week
engine mounts $102 each (with discount)
tranny mounts $24 each
fan clutch from M5 $60, M3 fan clutch is over $200 BTW
fan $41
this is stuff that i bought in the last week
I know all the guys down at BMW, and they all now my car!

things ive done in the last year
cooling system redone
bushings in shifter
heater core
new front end
new radiator
engine mounts
fan clutch/fan
new center driveline support bushing ($450 w/ labor)
new driveline $750 for a used one, this is after my 2 month old center support bushing gave out because the mechanic failed to diagnose a bad u-joint in the driveline
new center driveline support bushing

The most frustratin thing i have found about this car is some mechanics refusal to work on it! and the ones that do are complete idiots when it comes to M3's. for example, bad u-joint, and only the support bushing is repaired.
bad cooling system=replaced cooling system, but the forgot to pressure check the system so in my 2 mile drive home i blow the OEM heater core, resulting in another week at the mechanic and another $800 bill!

But right now i wouldn't trade the M3 for anything less (except for a blown 525it) and man do the chicks love this car! (great for 17, and 18 year olds) you don't understand how many dates i got just because I told people that i just bought an M3, even before i got the car!

you already know that it will out handle almost any car, that is if everything is working right.

are you paying insurance on it, or are you parents picking up part of the bill? if your paying insurance, i doubt you could afford everything with the car. this is what i did. right now I'm the main driver on the 94 plymoth voyager, and my dad (25 year clean record) is on the M3. this saves BIG time on the insurance bill.

don't jump on the first one you find, make sure you have the right one for you, then love that car for all it's worth

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