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BMW M3

E46 · Third gen / CSL2000–2006

Six generations, six different engine architectures, one of the most consistently re-evaluated nameplates in performance cars.

The S54-powered M3 that owners now restore rather than modify. CSL variant is the cult lineage peak.

15 reviewers · 89 videos · 78 press articles

Generations
E301986–1991E361992–1999E462000–2006E902008–2013F802014–2018G802021–present
// 00 the verdict

Reviewers strongly agree on its performance and handling, but split on daily drivability.

across 15 reviewers

// where reviewers split
Daily drivability
7 say · liveable

"Yeah, even over rough sections. Totally dailyable."

TopherDrives · ▶ 22:55
7 say · critical

"I cannot even hear myself think in this car. So loud."

Zygrene · ▶ 2:36
// the categories
// 01

Performance

4.5/515 of 15 reviewersstrong consensus

First of all, this engine so responsive. The throttle response is immediate.

positive · Zygrene · ▶ 5:02

This is one of those cars though that's fun even when you're driving at like 4/10 510 like just chilling makes such a cool noise. That is just probably my favorite sounding inline 6 in existence.

positive · TopherDrives · ▶ 18:40

This engine is everything that's right with a BMW inline 6 it sounds fantastic it revs like all its internals are made of silicone

positive · EverydayDriver · ▶ 4:33
// 02

Handling

4.5/515 of 15 reviewersstrong consensus

the chassis balance on this car that's another story altogether it is just fantastic

positive · Carfection · ▶ 20:08

you get the suspension set up on these cars a lineman dialed in and the handling is just perfection

positive · TheTopher · ▶ 26:46

this thing is super planted guys super sharp super planted you can get a little bit of a little bit of rotation

positive · Jubbal & Cars · ▶ 8:37
// 03

Fun to drive

5.0/515 of 15 reviewersstrong consensus

There is such joy, such engagement from having that manual shift. It's easy to forget what a big part it plays.

positive · Hagerty · ▶ 17:42

it's just wonderful you can just hold it at angles and it's so controllable on the throttle until you love it

positive · Carfection · ▶ 21:25

it's just overflowing with with cool with personality I'm sure it's great on track it's a lot of fun

positive · TheTopher · ▶ 22:20
// 04

Daily drivability

3.0/515 of 15 reviewerssplit

I cannot even hear myself think in this car. So loud.

critical · Zygrene · ▶ 2:36

it is pointless to drive this car in automatic mode because it shifts like someone learning to drive manual

critical · Regular Car Reviews · ▶ 17:20

Yeah, even over rough sections. Totally dailyable.

positive · TopherDrives · ▶ 22:55
// 05

Value

4.0/515 of 15 reviewersconsensus

I think it's worth every penny 30 grand 40 Grand maybe you'll even pay for a really minty one for around 50 Grand it's worth the money

positive · Zygrene · ▶ 8:32

for the price I'm not sure that there's a better buy out there assuming that you don't mind a little bit of wrenching

positive · Throttle House · ▶ 13:56

both of these generations of the M3 you can find them for under 50 Grand so should you get one

positive · EverydayDriver · ▶ 0:17
How it stacks up

The E46 M3 is the M3 enthusiasts now restore rather than modify. The S54 inline-six — 3.2L, individual throttle bodies, 8000 rpm redline, mechanical valvetrain — represents the high-water-mark of naturally aspirated M3 engines. 333 hp US, 343 hp Euro. Linear power delivery from idle, rising character through 5500, top-end shriek the turbo successors cannot replicate.

The chassis is what enthusiasts forgive the E46 a lot for. Not the most advanced geometry, not the most powerful in class, not the fastest gearbox. What it has is uncommon balance — rear axle communicates exactly what it's doing, front end weighted appropriately, limit approachable rather than a cliff.

Transmission politics: launched with 6-speed manual and SMG-II automated-manual. Manual is the version serious owners prefer — direct, mechanical, no software in the loop. SMG-II is fast in aggressive modes but loses character daily; many cars converted to manual.

The CSL (Coupé Sport Leichtbau) is the cult halo. 2003-2004, ~1,400 units worldwide, never officially imported to the US. 360 hp via revised intake with the iconic carbon-fibre airbox, carbon roof, stripped interior, Michelin Cup tyres standard, SMG-II only. Sport Auto notoriously timed it around the Nordschleife faster than the Porsche Carrera GT. Good examples trade at multiples of regular E46 M3 prices.

Where it places in the lineage: the E46 defines what enthusiasts now mean by "M3 spirit." The CSL is the high-water-mark.

Hear it in the reviewer’s words

Savagegeese
Posted Aug 21, 2026Open on YouTube
Moments worth your time
Jubbal & Cars
Posted Mar 30, 2026Open on YouTube
Moments worth your time
Zygrene
Posted Dec 19, 2025Open on YouTube
Moments worth your time
More BMW M3 reviews
▶ play all (35)
2003 BMW E46 M3 Manual - Inline 6 Induction Noises are The Best (POV Binaural Audio)Tedward
2003 BMW E46 M3 Review - Taking "Track Prepped" To The Next Level!Zygrene
2006 BMW E46 M3 - Daily Driving The 6-Speed Manual S54 CoupeTopherDrives
2005 E46 BMW M3 Competition (Track Prepped 6-Speed SMG) - POV Track TestTheTopher
Ideal Track & Canyon Car? | Modified 2002 BMW M3 E46 5-Speed SwapJubbal & Cars
2003 BMW M3 E46 | Has Dinan Failed This One?Jubbal & Cars
Track Prepped 2002 BMW E46 M3 Review - This Is How It's Done!Zygrene
2003 BMW E46 M3 Dinan S2 Review - This Or E92... I Can't Decide!Zygrene
2003.5 BMW E46 M3 Review - Why The Right Mods MatterZygrene
2006 BMW M3 E46 ZCP | This or S2000 for My Next Track Toy?Jubbal & Cars
2006 BMW E46 M3 Competition Review - Should My Next Track Car Be An E46?Zygrene
2005 E46 BMW M3 Competition (Track Prepped 6-Speed SMG) - POV Driving ImpressionsTheTopher
The E46 BMW M3 Is an Analog, Old-School Future ClassicDoug DeMuro
2003 BMW E46 M3: Regular Car ReviewsRegular Car Reviews
I Bought A $10,000 E46 BMW M3 // The Best Car Of All Time… Says ThomasThrottle House
BMW E46 M3 vs Laguna Seca Corkscrew - New PB and OOPS I TOOK THE ZANARDI LINEZygrene
BMW E46 M3 Thunderhill West Track Review - Pure FR Joy!Zygrene
BMW M3 Review (E46) - M3s Pt.1EverydayDriver
S85 V10 POWERED E46 M3 is a PETROLHEAD’s DREAM on GERMAN AUTOBAHN!AutoTopNL
2003 BMW M3 E46 | Is It Worth Saving?Jubbal & Cars
The Legendary E46 BMW M3: I Can't Be The Only One Who Thinks This...JayEmm on Cars
2001 BMW M3 E46 | This Car Would Be Perfect If…Jubbal & Cars
BMW E46 M3 Manual - The 8,000 RPM German Icon You Need To Drive (POV Binaural Audio)Tedward
Why I will NOT take my M3 To the NürburgringJayEmm on Cars
BMW E46 M3 CSL Race Car - DRIVEN!JayEmm on Cars
Do I really hate the E46 M3?JayEmm on Cars
2002 BMW E46 M3 POV Drive - 158,000 Miles (Binaural Audio)Tedward
BMW E46 M3 Review!- Ultimate Track Monster!ThatDudeinBlue
2001 BMW M3 | Retro ReviewMotorWeek
1999 BMW M3 Convertible Review - Better With A ManualShootingCars
2002 BMW M3 ReviewShootingCars
2002 BMW M3 SMG Review, Walkaround, Exhaust, Test DriveRedline Reviews
2006 BMW M3 E46: Dude, I Love My Ride!TFLnow
Dinan E46 M3 with 143,000 miles (4K)Tedward
E46 BMW M3 - POV DrivingTheTopher
Head to head
▶ play all (22)
From the press · 78 articles
EngineS54B32
Power333 hp
Torque262 lb-ft
TX6-speed manual or 6-speed SMG-II
Curb3,415 lb
DiffMechanical limited-slip rear
Manual✓ available
Chassis hardware
SuspensionFront MacPherson strut, rear multi-link, M-specific kinematics
Brakes12.8" front / 12.9" rear steel; CSL: floating-rotor front
Tires225/45 R18 front / 255/40 R18 rear (CSL: 235/40 R19 / 265/35 R19 Michelin Cup-spec)
Known quirks

S54 has a documented rod-bearing recall — verify completion before purchase. Subframe cracking on the rear chassis mounting points is endemic on track-driven cars; reinforcement plates are standard practice. VANOS rattle is normal cold-start behaviour but loud rattling at temperature indicates seal wear. SMG-II is the polarising gearbox — fast in M mode, occasionally clunky in regular driving; many owners convert to manual (the conversion is well-documented but invalidates the warranty fingerprint). CSL's SMG-II is the version Sport Auto / Evo magazine famously beat the Carrera GT around the Nordschleife with — it's a real driver's gearbox in track context, less polished as a daily.

Further reading