i disagree with what most of the people posted in this thread.
i bought one of my recent cars quite cheap cause it needed some work. all said and some, i did lots of the work myself, i have a great mechanic i trust 100% to do the rest, and now i have a car that is worth a fair bit more than i have in it.
s54's are bulletproof, outside of the vanos cam failure and bearings in the bottom end. if you are looking for a showcar you would've bought something else. if you just want something fast to bomb around in, you're in a good way. just make sure the SMG is good, cause that can be a huge expense right up front.
BTW i've seen a few e46 m3's sell on ebay for 8-10K US. I promised myself something AWD for winter, though.
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Hot: 2001 Estoril M RoadsterZCP 19's michelin PSS, ZHP knob, JL 8W3
Cold: 2002 TiAg M3 6mt
deoranged, dechromed, led tails, ZHP knob, UUC SS v3, GROM, OEM 18's w310's,
Fun: 2006 YZF-R6, black, ohlins, pazzo, BMC, cat delete, vance hines csone, YEC racing tune,-1 +2
Last edited by propr'one; 02-21-2013 at 09:22 AM.