Used BMW M3 Convertible 2001 - 2007 review

The BMW M3 Convertible is a spectacular piece of kit. With a 0-60mph time of 5.5sec, and an electronically limited top speed of 155mph, it's quick enough to scare the best supercars.

This drop-top isn't just about out-and-out performance, though. The amazing 3.2-litre 343bhp engine has the flexibility to be happy burbling along at under 30mph, too. Put your foot down, and every part of the car responds perfectly. In the corners, you get masses of grip from the wide tyres on the standard 18in alloys, and the steering gives you plenty of feedback.

Comfort inside can't really be faulted, with bespoke seats, instruments and steering wheel. The electric canvas roof – which takes 22 seconds to operate – means the car is 14mm lower than the M3 coupe. The rear seats are cramped and there's only room for two adults at most.

Buying a performance car is never going to be cheap, and the M3 convertible's desirability means it holds its value better than most. The experts reckon the car loses only around a third of its purchase price in the first three years.

Running costs are high, but that's offset by the fact that you will get good money when you sell it on. Needless to say, it's rated in group 20 for insurance, and you won't get much more than 20mpg.

BMW garages are above average for maintenance costs, and with service intervals on this specialist machine every 7500 miles - and a major one needed every 15,000 - don't expect to get off lightly. It needs plenty of TLC to keep it sweet, so talk to other owners if you want to get an idea of cost before you buy. Website fan forums are a good place to start.

Launched in March 2001 as a Y-reg, this BMW M3 convertible is a simple one-model range, with no different engines or spec levels to worry about. Every car comes with a massive amount of standard kit. The bits designed to keep you on the road include M Suspension, Dynamic Stability Control and Variable M Differential Lock.

Many optional extras are available. One of the most sought after is the Sequential Manual Gearbox (SMG), launched in July 2001. It allows you to change gears by flicking paddles behind the steering wheel, giving a sporty drive and keeping your hands on the wheel all the time.

BMW dealerships or specialist high-end performance car sellers are the best places to source the vehicle.

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