2004 BMW M3

2dr Coupe

6-cyl. 3246cc/333hp MFI

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$38,900*

-2.3%
#4 Fair condition#4 Fair

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2000-2006 BMW M3 (E46) stats
Highest sale
$175,716
Lowest sale
$6,269
Most recent sale
$20,116
Sales
492
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Model overview

Model description

The 2000-06 BMW M3, also known as the E46 M3, is arguably BMW’s last analog “Ultimate Driving Machine,” while its clean proportions and understated styling make it one of the best-looking cars of the decade. The automotive press and enthusiasts alike gushed about it when it was new and years later it is still a highly impressive car. It’s no wonder, then, that it has become a highly sought after modern collectible, just like the E30 (1986-91) M3 that came before it.

Although BMW introduced the E46-generation 3-Series for 1998, it took another couple of years for the M3 to debut, and upon introduction in the US it carried an MSRP of $45,400 for the coupe and $53,400 for the convertible.

The M3’s S54 twin-cam straight-six features six individual throttle bodies, drive-by-wire, and BMW’s VANOS variable valve timing system. With 333hp on tap, an E46 M3 is good for 0-60 mph in 5.1 seconds and a 13.1-second quarter-mile at 107 mph. Top speed is electronically limited to 155 mph, although eliminating engine controls could put 170 mph in reach. Car & Driver reported that the M3 pulled .87g on the skidpad and took 161 feet from 70 mph to a standstill.

The M3 sits wider and lower than the normal E46 3-Series, with flared fenders and a more aggressive front bumper and air dam. Vents behind the front wheels carried M3 badges while the rear bumper had cutouts for four exhaust pipes and LED taillights were fitted from 2003. Buyers could choose from a crisp 6-speed Getrag manual gearbox, or the less-popular 6-speed clutchless SMG (Sequential Manual Gearbox).

The E46 preceded iDrive and features M Sport seats and a leather-wrapped steering wheel with multicolored stitching. Premium Package accessories included navigation, a Harman/Kardon stereo ($675) separately, xenon headlights ($500), 19-inch alloy wheels, and heated seats. Other options included Cold Weather Package ($700), Luxury Package ($3,100), Adjustable Width Seats ($500) and CD player ($200). Base E46 330i models could also be fitted with some performance elements as part of the ZHP package. It is not an M3 designation.

The M3 Competition Package was available in 2005 even as the E90 V-8 M3 was being developed. A $4000 option, it included M Track mode for the Dynamic Stability Control, bigger brakes and quicker steering. The Sport button on the center console altered the ratio of pedal-to-throttle opening, while the bigger brakes were the first cross-drilled discs offered on a BMW production car. Sadly, the hardcore lightweight European CSL package with its carbon-fiber roof, minimal interior and wild 360 bhp engine wasn’t available here.

There were 15 M-specific colors available, in addition to some special orders, reportedly for $1500. Standard colors included Alpine White, Titan Silver, Topaz Blue, Steel Grey, Imola Red, Carbon Black, Silverstone Grey, Oxford Green, Phoenix Yellow, Laguna Seca Blue, Black Sapphire, Jet Black 2, Mystic Blue, Silver Grey, and Interlagos Blue.

A total of 85,766 E46 M3 Coupes and convertibles were sold; 56,133 Coupes and 29,633 Convertibles. Just as with Porsches, colors can have a lot to do with prices, both in terms of attractiveness and rarity. Interior combinations can also have a significant effect on desirability and value. And, in despite the old saying that “when the top goes down, the price goes up,” E46 M3 coupes are more desirable and more expensive than their drop-top siblings.

Vehicle specifications

  • Wheel Base Shortest - Inches107.5
  • Wheel Base Longest - Inches107.5
  • Shipping Weight3415
  • Drive TypeRWD
  • Manufacturer NameBMW
  • Front Tire Size18R225
  • Manufacturer MSRP47100
  • Market SegmentationCompact Luxury Car
  • Vehicle Height54.0
  • Manufacturer CodeC116
  • Front Tire Size Code54

Equipment

  • StandardOptional
  • Transmission6 Speed Manual6 Speed Automatic
  • Power BrakesYes
  • Power SteeringYes
  • EntertainmentAM/FM CD
  • Navigation SystemYes
  • Air ConditioningYes
  • Power WindowsYes
  • Tilt Steering WheelYes
  • Roof DescriptionPower Sun/Moon Roof
  • Anti-Lock BrakingAll Wheel
  • Restraint typeDual Front & Side Air Bags/Active Seat Belts w/Auto Passenger Sensor
  • Electronic StabilityYes
  • Rain Sensing WipersYes
  • Daytime Running LightsYes
  • Audible Backup AssistantAudible Backup Assist
  • Rear SuspensionIndependent
  • Security EquipmentPass Key

Equipment

Standard

  • Transmission6 Speed Manual
  • Power BrakesYes
  • Power SteeringYes
  • EntertainmentAM/FM CD
  • Air ConditioningYes
  • Power WindowsYes
  • Tilt Steering WheelYes
  • Anti-Lock BrakingAll Wheel
  • Restraint typeDual Front & Side Air Bags/Active Seat Belts w/Auto Passenger Sensor
  • Electronic StabilityYes
  • Rain Sensing WipersYes
  • Daytime Running LightsYes
  • Rear SuspensionIndependent
  • Security EquipmentPass Key

Optional

  • Transmission6 Speed Automatic
  • Navigation SystemYes
  • Roof DescriptionPower Sun/Moon Roof
  • Audible Backup AssistantAudible Backup Assist
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Common Questions

The value of a 2004 BMW M3 can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $33,100 for a 2004 BMW M3 in good condition with average spec.

The highest selling price of a 2004 BMW M3 at auction over the last three years was $117,600. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 2004 BMW M3 at auction over the last three years was $10,343. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 70 2004 BMW M3s sold at public auction.

The most recent auction sale of a 2004 BMW M3 was $49,350 on February 03, 2025 by Bring a Trailer.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.