This slicktop 2006 BMW M3 Competition Package Coupe sold for $45,000, which is strong money for a high-mileage example like this.

So, what do we have here? This M3 packs a 3.2-liter inline-six engine and a six-speed manual transmission. The Competition Package adds performance tweaks that make it even more appealing to buyers. The slicktop configuration is a standout feature, eliminating the sunroof for a cleaner look and potentially less weight. The Silver Gray Metallic paint paired with Imola Red Nappa leather is a combo that resonates with many M3 fans. This car’s got 97,000 miles on the clock, which is high but not necessarily a deal-breaker for a well-maintained M3.

Now, let’s talk price. With a final bid of $45,000 and 10 bids in total, the action was decent but not frenzied. The fair value estimate for this car was $46,700, putting this sale at about 4% below market value. In the context of high-mileage M3s, that’s a fair price. Buyers might have been cautious given the mileage, but for a manual transmission and the rare slicktop, this price reflects solid demand without crossing into the realm of overpaying.

The community had some interesting takes on this auction. One comment stood out: “Thank you to @TheStudio and the EAG team for being straight with us... This is the exact spec I wanted when I turned 16... I will report back from under the lift.” This reflects the emotional connection many have with these cars, and it highlights how specific specs can fulfill long-held dreams. It also suggests that this M3 is headed for a garage project, potentially increasing its sentimental value.

For buyers hunting a similar car, focus on the condition and maintenance history. A high-mileage M3 can still be a great buy if it’s been cared for properly. Look for service records, especially those showing regular oil changes and any major repairs or upgrades. These details can make all the difference in ensuring you’re not just buying a car, but a piece of BMW’s performance legacy.

See all BMW E46 M3 listings on [Friday's Watchlist](https://fridayswatchlist.com/search?make=BMW&model=E46%20M3).