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2001
BMW M3

Starts at:
$45,400
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Available trims

See the differences side-by-side to compare trims.
  • M3 2dr Cpe
    Starts at
    $45,400
    16 City / 24 Hwy
    MPG
    5
    Seat capacity
    Gas 6-Cyl
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs
  • M3 2dr Convertible
    Starts at
    $53,400
    16 City / 24 Hwy
    MPG
    4
    Seat capacity
    Gas 6-Cyl
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs

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Expert 2001 BMW M3 review

our expert's take
Our expert's take
By
Full article
our expert's take

HIGH MARKS: GREAT WAY TO SPEND YOUR INHERITANCE

BMW certainly took its sweet time importing the new M3, the performance version of the bread-and-butter 3-Series, but it was worth waiting for. Like all M3s before it, this model, which arrived as a late 2001 and is consequently unchanged for 2002, is a genuine wolf in sheep’s clothing.

Always quick, previous M3s have lacked the sheer horsepower to make them outright contenders with some of the more powerful V-8 entries, such as the Chevrolet Corvette. The mid-1990s M3 did fine with 240 horsepower, until it lined up beside a 300-horsepower ‘Vette.

The playing field has been leveled with the new M3. Though it still has an inline six-cylinder engine, it’s now pumping out 333 horsepower, delivered through a slick-shifting six-speed manual transmission. It’s still a bit below the 350-horsepower V-8 in the 2002 Corvette, but a drag race would be a lot closer now.

The M3 has never been about horsepower, though. It’s about an integrated package that will cheerfully deliver you through rush hour traffic to work each weekday, then entertain you with its downright astonishing backroads performance on weekends. It has a level of sophistication unmatched for the price, which, though not cheap, isn’t bad, considering how well M3s traditionally hold their value.

The test M3 started with a base price of $45,400, and crept up to a $53,195 bottom line, thanks to various options including an upgraded Harmon-Kardon sound system, Xenon headlamps, leather-trimmed upholstery and a glass moonroof. There was also a $1,000 “gas guzzler” fee, which did not seem appropriate as mileage is rated at a not-terrible 16 mpg in the city, 24 mpg on the highway. That’s premium fuel, of course.

Helpful on that highway mileage is the six-speed manual transmission, something the M3 has long needed. Sixth gear is basically an overdrive, allowing the engine to lope along at highway speeds at a relatively low rpm.

Though the M3 is based on the corporate 3-Series driver-friendly platform, you know you are in something different as soon as you climb in. The low-slung M3 is not that easy to get into and out of, and once behind the wheel, the very firm bucket seat grips you with plenty of lateral support.

Crank it up, and the exhaust note doesn’t sound much different from the 225-horsepower 3.0-liter engine in the 330i, until you step hard on the gas pedal. Acceleration is linear and delivered without drama — you won’t know how fast you’re going until you glance at the speedometer.

Though there’s plenty of power, the ultimate charm of the M3 is its handling prowess, on par with most any genuine sports car. The handsome spoked alloy wheels hold very large radials — P225/45ZR-17s on the front, P255/40ZR-18s on the rear. It isn’t hard to make a car handle well — just use a very stiff suspension and huge tires — but the challenge is making it handle well, and not ride like a buckboard. Th is new M3 has the best ride-handling combination BMW has produced, and unless you are on very rough pavement, your passenger will never know this isn’t a luxury car.

I say “passenger,” because although the M3 has a rear seat, it isn’t particularly easy to get to, and isn’t particularly comfortable once you’re back there. For kids, it’ll be fine, but adults would prefer the sedan version of the 3-Series. Presently, there is no M3 sedan, though there was in the previous incarnation of the M3.

BMW has done a superb job with styling, taking the not-so-svelte look of the 3-Series, and adding subtle touches such as fender flares and small chrome side grilles in front of the doors to identify the M3. Most civilians wouldn’t recognize it as anything but a 3-Series, but the True Believers will — they are the ones giving you the “thumbs up” on the tollway.

There are faster, flashier cars for the money, but that isn’t why BMW sells every M3 it can build. Those customers get th satisfaction not from being noticed, but from piloting an example of the best German automotive engineering has to offer.

Base price: $45,400.

Price as tested: $53,195.

EPA rating: 16 mpg city, 24 mpg highway.

Details: Front-engine, rear-wheel-drive sorts coupe powered by a 3.2-liter, 333-horsepower six-cylinder engine with a six-speed manual transmission.

2001 BMW M3 review: Our expert's take
By

HIGH MARKS: GREAT WAY TO SPEND YOUR INHERITANCE

BMW certainly took its sweet time importing the new M3, the performance version of the bread-and-butter 3-Series, but it was worth waiting for. Like all M3s before it, this model, which arrived as a late 2001 and is consequently unchanged for 2002, is a genuine wolf in sheep’s clothing.

Always quick, previous M3s have lacked the sheer horsepower to make them outright contenders with some of the more powerful V-8 entries, such as the Chevrolet Corvette. The mid-1990s M3 did fine with 240 horsepower, until it lined up beside a 300-horsepower ‘Vette.

The playing field has been leveled with the new M3. Though it still has an inline six-cylinder engine, it’s now pumping out 333 horsepower, delivered through a slick-shifting six-speed manual transmission. It’s still a bit below the 350-horsepower V-8 in the 2002 Corvette, but a drag race would be a lot closer now.

The M3 has never been about horsepower, though. It’s about an integrated package that will cheerfully deliver you through rush hour traffic to work each weekday, then entertain you with its downright astonishing backroads performance on weekends. It has a level of sophistication unmatched for the price, which, though not cheap, isn’t bad, considering how well M3s traditionally hold their value.

The test M3 started with a base price of $45,400, and crept up to a $53,195 bottom line, thanks to various options including an upgraded Harmon-Kardon sound system, Xenon headlamps, leather-trimmed upholstery and a glass moonroof. There was also a $1,000 “gas guzzler” fee, which did not seem appropriate as mileage is rated at a not-terrible 16 mpg in the city, 24 mpg on the highway. That’s premium fuel, of course.

Helpful on that highway mileage is the six-speed manual transmission, something the M3 has long needed. Sixth gear is basically an overdrive, allowing the engine to lope along at highway speeds at a relatively low rpm.

Though the M3 is based on the corporate 3-Series driver-friendly platform, you know you are in something different as soon as you climb in. The low-slung M3 is not that easy to get into and out of, and once behind the wheel, the very firm bucket seat grips you with plenty of lateral support.

Crank it up, and the exhaust note doesn’t sound much different from the 225-horsepower 3.0-liter engine in the 330i, until you step hard on the gas pedal. Acceleration is linear and delivered without drama — you won’t know how fast you’re going until you glance at the speedometer.

Though there’s plenty of power, the ultimate charm of the M3 is its handling prowess, on par with most any genuine sports car. The handsome spoked alloy wheels hold very large radials — P225/45ZR-17s on the front, P255/40ZR-18s on the rear. It isn’t hard to make a car handle well — just use a very stiff suspension and huge tires — but the challenge is making it handle well, and not ride like a buckboard. Th is new M3 has the best ride-handling combination BMW has produced, and unless you are on very rough pavement, your passenger will never know this isn’t a luxury car.

I say “passenger,” because although the M3 has a rear seat, it isn’t particularly easy to get to, and isn’t particularly comfortable once you’re back there. For kids, it’ll be fine, but adults would prefer the sedan version of the 3-Series. Presently, there is no M3 sedan, though there was in the previous incarnation of the M3.

BMW has done a superb job with styling, taking the not-so-svelte look of the 3-Series, and adding subtle touches such as fender flares and small chrome side grilles in front of the doors to identify the M3. Most civilians wouldn’t recognize it as anything but a 3-Series, but the True Believers will — they are the ones giving you the “thumbs up” on the tollway.

There are faster, flashier cars for the money, but that isn’t why BMW sells every M3 it can build. Those customers get th satisfaction not from being noticed, but from piloting an example of the best German automotive engineering has to offer.

Base price: $45,400.

Price as tested: $53,195.

EPA rating: 16 mpg city, 24 mpg highway.

Details: Front-engine, rear-wheel-drive sorts coupe powered by a 3.2-liter, 333-horsepower six-cylinder engine with a six-speed manual transmission.

Factory warranties

New car program benefits

Basic
4 years / 50,000 miles
Corrosion
4 years / 50,000 miles
Powertrain
4 years / 50,000 miles
Roadside Assistance
4 years / 50,000 miles

Certified Pre-Owned program benefits

Age / mileage
Certified Pre-Owned Elite with less than 15,000 miles; Certified Pre-Owned with less than 60,000 miles
Basic
1 year / unlimited miles from expiration of 4-year / 50,000-mile new car warranty
Dealer certification
196-point inspection

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Consumer reviews

4.9 / 5
Based on 9 reviews
Write a review
Comfort 4.5
Interior 4.2
Performance 5.0
Value 4.5
Exterior 4.8
Reliability 4.1

Most recent

  • Drivers car

    The e46 m3 in one of the last of the real Bmws, classic bmw handling and a manual trans. Built like a rock and extremely easy to drive and enjoy. Maintanance is also classic Bmw so be prepared to feed its hunger.
    • Purchased a Used car
    • Used for Having fun
    • Does recommend this car
    Comfort 4.0
    Interior 4.0
    Performance 5.0
    Value 4.0
    Exterior 5.0
    Reliability 3.0
    2 people out of 2 found this review helpful. Did you?
    Yes No
  • Most fun car I?ve owned

    This is a future classic, prices on the e46 M3 are already rising. Out of other high performance BMW, Mercedes, and Audi, this car is by far the most fun to drive.
    • Purchased a Used car
    • Used for Having fun
    • Does recommend this car
    Comfort 4.0
    Interior 4.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 4.0
    0 people out of 0 found this review helpful. Did you?
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  • High performance in an affordable package.

    Easy to upgrade (e.g. DINAN) and can actually fit 4 people. Strong motor from the famous E46 series and stays glued to the road. Though a smaller convertible, it is heavy and solid giving a very safe feeling. Also, you can actually have the top down with golf clubs or groceries in the trunk!
    • Purchased a Used car
    • Used for Having fun
    • Does recommend this car
    Comfort 4.0
    Interior 5.0
    Performance 5.0
    Value 4.0
    Exterior 5.0
    Reliability 5.0
    2 people out of 2 found this review helpful. Did you?
    Yes No
  • One of the best performance cars I have owned

    This car has great performance and road holding abilities. Mine was a convertible and great summer fun. If you ever get the chance to buy a M series go for it you will not regret it.
    • Purchased a Used car
    • Used for Having fun
    • Does recommend this car
    Comfort 4.0
    Interior 4.0
    Performance 5.0
    Value 4.0
    Exterior 4.0
    Reliability 5.0
    0 people out of 0 found this review helpful. Did you?
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  • You won't regret buying this vehicle

    Anyone who looks at buying an E46 M3 should know what they are getting into. Its a 15 year old car, so don't be surprised if you run into problems, however, this is the most satisfying vehicle I have ever driven. It's just so brilliant in every way. Finding the right one may take some time, but when you do find the right one, you'll never get bored with it.
    • Purchased a Used car
    • Used for Having fun
    • Does recommend this car
    Comfort 5.0
    Interior 5.0
    Performance 5.0
    Value 4.0
    Exterior 5.0
    Reliability 3.0
    0 people out of 0 found this review helpful. Did you?
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  • Fun little car

    e46 m3 convertible in a 6 spd manual, what more can I say?. Classic bmw looks and handling, very precise car fast enough and great real bmw handling unlike the new garbage. Clutch is smooth and light and when the engine revs you smile!!
    • Purchased a Used car
    • Used for Having fun
    • Does recommend this car
    Comfort 5.0
    Interior 4.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 3.0
    0 people out of 0 found this review helpful. Did you?
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  • One of the best used sports cars for the money

    Everything you read about these is true: fun, classic good looks, and a subtle sportiness that's a lot of fun w/out being obnoxious. My advice - pay the premium for a lightly used, low mileage M3. These cars tend to either be abused or baby'd and the ones that are well cared for will provide years worth of enjoyment and reliability. Maintenance and repair costs actually not as bad as sometimes rumored. Keep in mind these cars are designed by BMW's racing division and many little steps taken to make them surprisingly easy to work on for the backyard mechanic - don't be intimidated - they are quite easy to work on! If you opt for the SMG tranny (fun to drive but not a REAL sports car experience IMO) make sure you get the rear end checked out first as there are many documented cases of the excessive torque that is incurred by the sheet metal on bottom of car at point of attachment to rear end will ultimately fail and the fix is expensive. Have fun - great cars!
    • Purchased a Used car
    • Used for Commuting
    • Does recommend this car
    Comfort 5.0
    Interior 4.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 5.0
    1 person out of 1 found this review helpful. Did you?
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  • must drive

    I have owed 13 cars in my life and this by far is number one in my book. the style and performance is outstanding. Turns heads everywhere
    • Purchased a Used car
    • Used for Having fun
    • Does recommend this car
    Comfort 5.0
    Interior 4.0
    Performance 5.0
    Value 5.0
    Exterior 5.0
    Reliability 5.0
    0 people out of 0 found this review helpful. Did you?
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  • TRULY AN ULTIMATE DRIVING MACHING

    GREAT CAR! WOULD RECOMMEND TO ANYONE, YOUNG OR YOUNG AT HEART! IVE HAD IT SINCE IT WAS NEW AND IT HAS NEVER GIVEN ME ANY PROBLEMS. GREAT HANDLING, GREAT ACCELERATION. TURNS A LOT OF HEADS. GREAT ENGINE SOUND.
    • Purchased a New car
    • Used for Having fun
    • Does recommend this car
    Comfort 4.0
    Interior 4.0
    Performance 5.0
    Value 5.0
    Exterior 4.0
    Reliability 4.0
    0 people out of 0 found this review helpful. Did you?
    Yes No

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FAQ

What trim levels are available for the 2001 BMW M3?

The 2001 BMW M3 is available in 1 trim level:

  • M3 (2 styles)

What is the MPG of the 2001 BMW M3?

The 2001 BMW M3 offers up to 16 MPG in city driving and 24 MPG on the highway. These figures are based on EPA mileage ratings and are for comparison purposes only. The actual mileage will vary depending on vehicle options, trim level, driving conditions, driving habits, vehicle maintenance, and other factors.

What are some similar vehicles and competitors of the 2001 BMW M3?

The 2001 BMW M3 compares to and/or competes against the following vehicles:

Is the 2001 BMW M3 reliable?

The 2001 BMW M3 has an average reliability rating of 4.1 out of 5 according to cars.com consumers. Find real-world reliability insights within consumer reviews from 2001 BMW M3 owners.

Is the 2001 BMW M3 a good Coupe?

Below are the cars.com consumers ratings for the 2001 BMW M3. 100.0% of drivers recommend this vehicle.

4.9 / 5
Based on 9 reviews
  • Comfort: 4.5
  • Interior: 4.2
  • Performance: 5.0
  • Value: 4.5
  • Exterior: 4.8
  • Reliability: 4.1

BMW M3 history

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