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having just sold my m3, I can tell you that the car during my three years of ownership has been pretty reliable.
There were a handful of little issues that came up, but it was all covered under extended warranty and didn't really affect the vehicle in any way.
The biggest part of keeping an M3, is the running costs. I had apportioned a large sum of contingency funds for the regular maintenance of the vehicle which helped. Of course you could do the work yourself, or take it to a private shop, but at the time keeping the vehicle under warranty was my primary concern.
Brake Fluid Changes -$680
Front Brakes after 65-80k kms - approximately $1800 bucks
Rear brake pads after 75-85k kms- approximately $900 bucks
M3 Specific Oil- approximately $25/qt cheaper if purchased online.
and of course tires, but a set of four Michelin PSS last about 2 years, which is better than my c63 which needs a new set of rears every year approximately.
This is just a small sampling of the costs of ownership. My biggest problem with the car, was it was just too fun to drive quickly which resulted in litany of speeding tickets.
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