E46 2004 msports - store and keep or scrap?

Discussion in 'New members say hello in here' started by Smeedee76, Aug 8, 2018.

  1. Smeedee76
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    Smeedee76

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    Ok, 6 years ago I bought, a 2004 msports as a stop gap after having someone write off my car. I've use it daily and it's quite honestly the most trusty car I've owned. I absolutely love it, it's simple, starts, keeps going and going, fun to drive. Ive serviced it fully every 12 months, but at the last mot my mechanic advised me that it needed new rear brakes, a new hand brake, and he said the turbo is running a little loud. It's covered 175k (60k mine, the rest from the other 1 owner who had it as a work vehicle and bought it off the company) miles nearly and it will be expensive to fix so he suggested I should run it and scrap it before the next mot. So, I've started the process of looking for a newer model, which is actually quite difficult, they don't seem the same. But heres the conundrum. The car gets endless comments, good ones, the body work is really good apart from a tiny patch of rust on 1 wheel arch, the interior average. I just get the distinct impression that this is going to be one of those cars that in 10 years time, I will see the exact same car selling for silly money and I'll be the one saying 'oh look, I had one of those and scraped it'. Is it just the Sunday car pristine ones that increase in value?

    Whilst it needs work, it just feels too 'classic' to scrap! I do have the opportunity to store it in a barn for as long as required if it would be worth it! I could also restore it completely but running it daily isn't the answer and I know I have to buy a new car and retire it.

    Anyone have any thoughts on this before I trade it in and it ends up as a metal cube in a scrap yard?
     
  2. markyboyt
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    markyboyt

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    Seeing as your post doesn’t say what the car is, msport is just a trim/equipment level. It’s either a high mileage 320d or 330d. It’s will never be classed as a classic so don’t waste the space storing it. Either keep it road worthy as a car that gets you from a-b and owes you little money or move it on.

    Handbrake and brakes are easy fixes although you don’t say why handbrake is needed, turbo isn’t anything too difficult either but not the cheapest one.
    You would need to price up that work and then decide based on the rest of the cars condition if it’s worth doing the work. Also how are things like brake pipes getting on? Very common on E46 now they’re old and can be a bit costly if the fuel tank needs to be lowered.
     
  3. GunRunner
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    GunRunner Site Supporter

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    Firstly, welcome to the forum!(y)
     
  4. Verbarthe
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    Verbarthe Site Supporter

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    Welcome to the Land :). I had my last E46 for 10 years , albeit a petrol 330CI M Sport Convertible and they are very good cars . Brakes and handbrake are very easy to do quite cheaply , I used to do mine myself , brake pipes as said ,are an entirely different matter , same goes for turbo. There comes a point in a cars life when it just is nt a viable financial proposition to keep spending money on it , no matter how good the bodywork is, or how much you re attached to it , believe me, I know. The model you have won t be a classic and as said M Sport is a trim and suspension option only . If it were me , I d run the car till the MOT expires because at that mileage you re more than likely to get more mechanical problems , plus suspension etc . Nothing lasts for ever , not even BMW s.
     
  5. Mieke
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    Mieke WARLORD Site Supporter

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    I've no experience of the E46, but welcome to BMW Land. (y)
    It certainly sounds like that car doesn't owe you anything.
     
  6. E39mad
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    E39mad

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    It's done too many miles and there are loads of E46 M Sport's still out there for it to be called classic. If it was a 325i 330i with under 80,000 miles it maybe worth hanging onto.

    Owning the previous generation E36 there are massive variances in prices (up to £10000) as these are now becoming seen as classics. It will all depend on engine, model shape, spec, condition and mileage.
     
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