The prospect sounded promising, but I was left feeling lackluster at best about the 750 mile 2001 BMW 330Ci I wrote up a few weeks ago. Sure, it was nice and that interior certainly was to die for; so, too, was the basically as-new condition. But the 5-speed automatic transmission, coupled with the outrageous $32,000 asking price, had me thinking there were better options out there. So if I was in the $30K range for an E46, what are my options?
Well, obviously there are plenty of M3s to check out any day of the week, and I’ll be looking at one soon enough. But when our reader John sent through this seriously impressive Alpina, I couldn’t help but take a look. The B3 isn’t a model we often look at; in fact, I’ve only reviewed on prior, and it was a E36 chassis. The E46 took an unusual route for Alpinas; rather than a blank-slate motor, the Buchloe company selected the S52B32 from the U.S. spec E36 M3 for their basis. It was bored and stroked to 3.3 liters, netting 280 horsepower. In 2002, the “S” version of the B3 was released, with a bit more bore and a revised engine management and exhaust system. This brought the power to 305, 0-60 plummeted to 5 seconds and with a 6-speed manual you could come close to hanging with the M3. Why buy one, then? Well, the looks were a bit more discrete overall, and you could buy not only a sedan and Touring version, but an all-wheel drive one as well. Today, though, we have a lovely Cabrio with the 6-speed manual to check out: