68 live listingsUpdated

BMW M3 E46 Convertible

2000–2006Convertible 1,093 listings across every BMW M3

15 deals foundBest first

The best M3 E46 Convertible deals right now

Only listings we rate Great or Good make the list. Each is priced against our fair value for its year, trim and miles. Last checked 21 days ago, so some may have sold.

1 deal is open to everyone. 14 are locked, with the VIN, dealer, listing link and a negotiation email. A free account unlocks one a month.

  1. 2003 BMW M3 E46 Convertible #1
    Top deal Great deal Live listing

    2003 BMW M3

    121,014 mi · Edgewood, WA · Dealer hidden

    $12,151 $5,631 below fair value Deal score 100

    Priced $5,631 (31.7%) under our fair value of $17,782 for its year, trim and mileage, and the lowest price of the 15 ranked deals.

    Fair value
    $17,782
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  2. 2006 BMW M3 E46 Convertible #2
    Great deal Live listing

    2006 BMW M3

    73,083 mi · Flint, MI · 75 North Auto Sales

    $19,475 $5,876 below fair value Deal score 99

    Priced $5,876 (23.2%) under our fair value of $25,351 for its year, trim and mileage, and the biggest discount to fair value of the 15 ranked deals.

    Fair value
    $25,351
    From 402 similar cars
    Open at
    $18,400
    6% under the ask
    Aim to pay
    $18,969
    Days listed
    560
    Typical: 53

    Strong position to negotiate. Price cut 4 times, 7.2% off its high.

    Free look: every member deal comes with these details

    VIN WBSBR93476PK10993

    View listing
  3. 2002 BMW M3 E46 Convertible #3
    Great deal Live listing

    2002 BMW M3

    101,568 mi · Denver, CO · Dealer hidden

    $14,996 $5,478 below fair value Deal score 99

    Priced $5,478 (26.8%) under our fair value of $20,474 for its year, trim and mileage, with mileage in line with the 14 model-year 2002 listings.

    Fair value
    $20,474
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  4. 2002 BMW M3 E46 Convertible #4
    Great deal Live listing

    2002 BMW M3

    115,468 mi · Perris, CA · Dealer hidden

    $14,168 $4,714 below fair value Deal score 99

    Priced $4,714 (25%) under our fair value of $18,882 for its year, trim and mileage, and the price has been cut three times, now 16.2% below its highest asking price.

    Fair value
    $18,882
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  5. #5
    Great deal Live listing

    2004 BMW M3

    112,794 mi · Louisville, KY · Dealer hidden

    $14,494 $4,519 below fair value Deal score 99

    Priced $4,519 (23.8%) under our fair value of $19,013 for its year, trim and mileage, and the price was cut once, now 29.3% below its highest asking price.

    Fair value
    $19,013
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  6. 2005 BMW M3 E46 Convertible #6
    Great deal Live listing

    2005 BMW M3

    81,940 mi · Anderson, IN · Dealer hidden

    $19,223 $5,213 below fair value Deal score 98

    Priced $5,213 (21.3%) under our fair value of $24,436 for its year, trim and mileage, with mileage in line with the 10 model-year 2005 listings.

    Fair value
    $24,436
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  7. 2005 BMW M3 E46 Convertible #7
    Great deal Live listing

    2005 BMW M3

    105,483 mi · Tucson, AZ · Dealer hidden

    $16,249 $4,621 below fair value Deal score 98

    Priced $4,621 (22.1%) under our fair value of $20,870 for its year, trim and mileage, and the price has been cut twice, now 11% below its highest asking price.

    Fair value
    $20,870
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  8. 2002 BMW M3 E46 Convertible #8
    Great deal Live listing

    2002 BMW M3

    76,358 mi · North Highlands, CA · Dealer hidden

    $19,513 $4,954 below fair value Deal score 97

    Priced $4,954 (20.2%) under our fair value of $24,467 for its year, trim and mileage, with mileage 22,715 below the median of the 14 model-year 2002 listings.

    Fair value
    $24,467
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  9. 2006 BMW M3 E46 Convertible #9
    Great deal Live listing

    2006 BMW M3

    89,310 mi · Victoria, TX · Dealer hidden

    $17,999 $4,415 below fair value Deal score 97

    Priced $4,415 (19.7%) under our fair value of $22,414 for its year, trim and mileage, with mileage in line with the 11 model-year 2006 listings.

    Fair value
    $22,414
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  10. 2001 BMW M3 E46 Convertible #10
    Great deal Live listing

    2001 BMW M3

    93,841 mi · Clayton, NC · Dealer hidden

    $17,490 $4,323 below fair value Deal score 97

    Priced $4,323 (19.8%) under our fair value of $21,813 for its year, trim and mileage, and the price has been cut three times, now 20% below its highest asking price.

    Fair value
    $21,813
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  11. 2001 BMW M3 E46 Convertible #11
    Great deal Live listing

    2001 BMW M3

    105,458 mi · Mundelein, IL · Dealer hidden

    $15,995 $4,283 below fair value Deal score 97

    Priced $4,283 (21.1%) under our fair value of $20,278 for its year, trim and mileage, and the price has been cut twice, now 5.9% below its highest asking price.

    Fair value
    $20,278
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  12. #12
    Great deal

    2005 BMW M3

    100,905 mi · Fairfield, OH · Dealer hidden

    $17,395 $4,064 below fair value Deal score 96

    Priced $4,064 (18.9%) under our fair value of $21,459 for its year, trim and mileage, and the price has been cut twice, now 3.4% below its highest asking price.

    Fair value
    $21,459
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  13. #13
    Great deal Live listing

    2004 BMW M3

    140,867 mi · Oxnard, CA · Dealer hidden

    $13,529 $2,993 below fair value Deal score 95

    Priced $2,993 (18.1%) under our fair value of $16,522 for its year, trim and mileage, though its 140,867 miles sit well above the median of 104,483 for 2004 listings.

    Fair value
    $16,522
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  14. 2003 BMW M3 E46 Convertible #14
    Great deal Live listing

    2003 BMW M3

    124,301 mi · Sacramento, CA · Dealer hidden

    $15,250 $2,234 below fair value Deal score 87

    Priced $2,234 (12.8%) under our fair value of $17,484 for its year, trim and mileage, with 124,301 miles, 52,014 above the 2003 median.

    Fair value
    $17,484
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden
  15. 2003 BMW M3 E46 Convertible #15
    Great deal Live listing

    2003 BMW M3

    43,217 mi · Tallahassee, FL · Dealer hidden

    $26,298 $3,730 below fair value Deal score 86

    Priced $3,730 (12.4%) under our fair value of $30,028 for its year, trim and mileage, and the lowest mileage of the 15 ranked deals at 43,217 miles.

    Fair value
    $30,028
    Open at
    Hidden
    Days listed
    Hidden
    The VIN, dealer and listing link are hidden

Unlock all 15 BMW M3 deals

The locked deals are up to $5,631 below fair value. Members get the VIN, dealer, listing link and a ready-to-send negotiation email for every deal.

30-day money-back guarantee · Cancel anytime

What a M3 E46 Convertible costs by model year

Median asking price of the live listings for each model year. 2001 is the sweet spot: its median is 12% below 2002’s.

  1. 2006 $21,890 11 listings · 89,310 mi median
  2. 2005 $23,680 10 listings · 78,527 mi median
  3. 2004 $25,257 10 listings · 104,483 mi median
  4. 2003 $25,995 16 listings · 72,287 mi median
  5. 2002 $24,990 15 listings · 96,577 mi median
  6. 2001Sweet spot $21,895 6 listings · 89,825 mi median

BMW M3 price guide: fair value by year and trim

How asking prices have moved

The average asking price across every model year, month by month. Up 23.6% since Dec 2025, from $21,066 to $26,033.

Show the monthly numbers
MonthAverage asking price
Dec 2025$21,066
Jan 2026$21,727
Feb 2026$20,753
Mar 2026$22,221
Apr 2026$22,564
May 2026$22,609
Jun 2026$23,756
Aug 2026$25,777
Sep 2026$25,656
Oct 2026$26,033

Our read on the M3 E46 Convertible market

From our latest analysis of this car, on .

Best value year
2002
Supply
High
How prices are spread
Across all BMW M3 listings, asking prices rose 1.6% over the last 3 months. Among this vehicle's listings, the middle half of prices runs from $18,147 to $30,456, with a median of $23,886. Listings last checked on October 1, 2026.
How to buy one
Target 2002 and 2004 cars with the most attractive pricing relative to mileage, since 2002 listings have a median of 99,073 miles and 2004 listings sit at 104,483. Use the long listing times and repeated price cuts on several cars as leverage, and expect sellers to hold firm on the cars that have not been cut. Before buying, get a pre-purchase inspection and a full service history, and check the vehicle history report for each car.

M3 E46 Convertible for sale

The 12 newest of 68 live listings in our latest scan, with dealers' asking prices. See every BMW M3 for sale.

  • 2001 BMW M3 Base for sale in Mundelein, IL

    105,458 mi · Mundelein, IL

    2001 BMW M3

    E46 Convertible

    Asking price $15,995
  • 2003 BMW M3 Base for sale in Roswell, GA

    103,185 mi · Roswell, GA

    2003 BMW M3

    E46 Convertible

    Asking price $21,999
  • 2006 BMW M3 Base for sale in Victoria, TX

    89,310 mi · Victoria, TX

    2006 BMW M3

    E46 Convertible

    Asking price $17,999
  • 2002 BMW M3 Base for sale in Hickory, NC

    83,364 mi · Hickory, NC

    2002 BMW M3

    E46 Convertible

    Asking price $30,696
  • 2002 BMW M3 Base for sale in Scottsdale, AZ

    96,577 mi · Scottsdale, AZ

    2002 BMW M3

    E46 Convertible

    Asking price $23,886
  • 2004 BMW M3 Base for sale in Lake Mary, FL

    62,946 mi · Lake Mary, FL

    2004 BMW M3

    E46 Convertible

    Asking price $33,541
  • 2003 BMW M3 Base for sale in Bethlehem, PA

    37,736 mi · Bethlehem, PA

    2003 BMW M3

    E46 Convertible

    Asking price $38,990
  • 2002 BMW M3 Base for sale in Portland, OR

    130,026 mi · Portland, OR

    2002 BMW M3

    E46 Convertible

    Asking price $16,310
  • 2006 BMW M3 Base for sale in Norcross, GA

    81,348 mi · Norcross, GA

    2006 BMW M3

    E46 Convertible

    Asking price $21,890
  • 2003 BMW M3 Base for sale in Fredericksburg, VA

    56,690 mi · Fredericksburg, VA

    2003 BMW M3

    E46 Convertible

    Asking price $29,695
  • 2005 BMW M3 Base for sale in Glen Cove, NY

    28,530 mi · Glen Cove, NY

    2005 BMW M3

    E46 Convertible

    Asking price $59,995
  • 2002 BMW M3 Base for sale in Denver, CO

    101,568 mi · Denver, CO

    2002 BMW M3

    E46 Convertible

    Asking price $14,996

Prices are dealers' asking prices from the listings we track. Deals and our read come from our analysis of this car on Oct 1, 2026.