Over a decade after production ended, BMW's E46 M3 and E39 M5 still capture the hearts of car enthusiasts today. Many of them have been driven hard and abused, though, making it tough to find a good second-hand example. A dealership in Ohio, the Enthusiast Auto Group, has you covered, offering two golden-age BMW M cars in brand-new condition—at asking prices that exceed the sticker on a brand-new BMW.

Enthusiast Auto Group

Enthusiast Auto Group is selling a 2004 M3 with just 494 miles for $99,990, and a 2003 E39 M5 with 309 miles for $149,990. You might remember the Enthusiast Auto Group from the $200,000 E30 M3 that was put up last month, which sold for an undisclosed amount.

Enthusiast Auto Group

In an interview with Road & Track, Enthusiast Auto Group owner Eric Keller said that both the E46 and E39 came from a collector in California, who stored them at an airport hangar. The former owner periodically put a bit of fuel in each of the cars and drove them around the airport to keep all the parts fresh and working.

Keller told us they're the lowest-mileage BMWs he's seen in his entire career. They may even be the least-driven examples of each car in the entire world.

Enthusiast Auto Group

The E39 M5 looks handsome in black over black, and Keller says it comes with virtually every option BMW offered from the factory. Pictures show an immaculate engine bay and interior, complete with factory warning stickers.

It's pretty much the same story for the E46 M3, the primary difference being that this car is white with black interior. While it doesn't have factory navigation like the M5, it does come equipped with a six-speed manual, not BMW's odd sequential manual gearbox from the time. Sadly, this car doesn't have BMW's competition package, but once again, it's almost assuredly the cleanest, nicest E46 money can buy today.

Enthusiast Auto Group

Asking price on both is significantly more than their brand-new counterparts, but Keller is confident in his six-figure stickers. He says that excellent condition BMW M cars are selling for well over original MSRP, and the low mileage of these examples justifies the premium.

Enthusiast Auto Group

If you want an E46 M3 or E39 M5 to daily drive, you're probably best to look elsewhere. If you're a collector, these cars might make sense, considering the profit the original owner likely made on them. As the costs of old school driver's cars continue to skyrocket–air-cooled 911s, E30 M3s, and manual-transmission Ferraris, to name a few–good E39 and E46 M cars could rise too.

The person who pays these sort of prices for these cars is either insane, or a brilliant investor. Probably both.

via Carscoops

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