The E46 BMW M3 is a car loved by many enthusiasts but it always seems to me that the love is anything but unconditional. During its six year production run the third generation M3 had its fair share of issues that have led to it being a very divisive car. Many swear that these cars are the pinnacle of BMW engineering before they lost their way, others point to them as a prime example of what happens when a community is in denial. Honestly I don’t fall into either camp, but I can see how both sides would have a valid argument. On the one hand these cars can be your ticket to having insane amounts of naturally aspirated fun and on the other they can drain your savings account faster than a fantasy sports gambling site. As with any used vehicle there are specific years and specific issues you need to look out for: VANOS failure, cracking rear subframes, snapping rear springs and of course the whole SMG unit. Most of these issues affected all years of the E46 M3 but if you got your hands on a manual you could avoid that final one all together. However, there was one particular model that I think warrants consideration despite it being saddled with BMW’s fancy manumatic transmission, the M3 ZCP.
