Probably at a low price ($8,800) due to upcoming maintenance and/or other maintenance issues...Adam, since this is for a friend of yours, can you provide more info regarding the maintenance history/health of this car?
Silver Grey metallic replaced Steel Grey metallic (3/03) just so everyone knows. This actually was not a rare color for earlier models of M3. I have seen a few in my area. Anyway if I was looking at this car some things would come to mind....
- VANOS health
- what inspection cycle the car is in? (I'm guessing car should have recently have gone thru Insp II - was this done or is it outstanding?)
- subframe tears (are there any?)
- signs of worn bushings
- driveline issues (are there any? - CLB/GUIBO)
- as mentioned before rod bearing recall done on this car?
- cooling system overhaul, when was this done... if ever?
- diff seals
- oil pan gasket seals
- SMG clutch health
- SMG system health
- condition of tires (how they're worn) possible suspension issues?
- condition of rear window motors
- sun roof track/motor
Those are the things that come to mind when looking at an ///M being sold for such a low price.... If you're looking for a project car and have the additional funds in case you need to do lots of maintenance, then perhaps this would be a great opportunity to get into an ///M an sort every issue out and bring it back to proper operating order :thumbsup