The BMW M3, a part of the 3 Series, is a high performance car. This luxury coupe is one of the best in the company’s motorsport performance division. The car has state-of-the-art suspensions, is extremely agile, and has a sporty exterior. It is an all-time favorite of those who prefer the sports car look.
The price of a used BMW M3 ranges from $25,935 in Wisconsin to $65,995 in Washington. The average annual insurance is also the lowest in Wisconsin, set at $1,596. These numbers bode well for Wisconsin residents, and could mean thousands of dollars in savings on purchase and insurance costs.
The next best used BMW M3 deal can be found in South Carolina, where buyers need to invest around $29,900 on the purchase, with a further investment of 6%, i.e., $1,842 on insurance.
In Indiana, the median price is slightly higher, around $33,990. However, the average insurance for the M3 is slightly lower ($1,794). A buyer has to, thus, spend 5% of the median price on insurance.
If you want to buy a used M3 and live in the tri-state area, your best bet would be to purchase it from Connecticut. The median price is $34,000, while it is as high as $43,999 in New Jersey, and $44,980 in New York. On an average, a buyer would have to spend $2,547 (i.e., 7% of the median price) on insurance in Connecticut, while the insurance average is $2,494 in New Jersey (5% of median price) and $2,102 (4% of median price) in New York.
In Arizona, the median price of a used M3 is $38,898, and the average annual insurance rate is $1,908, i.e., 4% of the median price. In Nevada and Pennsylvania, too, you can buy a used M3 for a median price below $40,000 and get it insured for an average yearly insurance rate of $2,023 and $2,429, respectively.