REVEALED! The Excruciating Costs of Daily Driving an E92 M3... 

Car looks like it needs a bit of love

Tyres and suspension overhaul is not a yearly thing so its not that bad IMO. But putting 22K on it in a year is madness.

I find it insane you've driven it 22k miles in one year, despite having multiple cars as well as driving other peoples cars too !

Lad took a new 4wd 5 seater hatchback and turned it into a trackcar and now dailys an old RWD V8 Coupe hahaha.

Not sure why you didn’t turn this into a track car and use the golf as a daily. Surely makes more sense

Tax on the purchase, tax on the maintenance, Tax on the parts, Tax fuel bill is 80% tax. You are paying for Rishi Sunaks next offshore account.

I've owned mine just under 10 years now. Yes, it's a daily. 168,000 miles. Dread to think what it has cost, I don't think about it. Incredible car, the most smiles per miles I've experienced.

The road tax on that car in Ireland is 1800-2600 euro depending on the year of manufacture and how you pay it.

I bet this is the only e92 m3 in the uk that’s covered over 20k miles through 2023 😂

If you minus the fuel cost it’s not that bad tbh, still on my wishlist! Thanks for sharing

Appreciate the honesty, bit of a eye opener for most people i think. These cars are not cheap to run, and to be honest a lot of the people that are in the market for this cars now can't really afford to keep them running.

The thing about BMWs is that after all the expenses, you forget as soon as you hit the throttle. It brings back the smile on your face. Until something else comes up again and you think about selling. And the cycle repeats itself.

What is also scary is not only how much it has cost you in a year of ownership, for the simple basic things, but also how bad the car looks. Don't get me wrong, its a sweet car, but everything is fading. Everything looks very worn out. After replacing everything that was fading and worn out on the exterior and interior of my E46 M3 6spd, I have a really good idea of how much it would cost you to replace all the things with new parts. From the doors, seats, and center console trim, to the steering wheel and exterior trim and body panel parts...it adds up very fast!!

Luxury car tax was implemented long after these stopped being sold. The horrendous tax is just based on the emissions at this age. Had one of these when I was 24, beautiful car, not the best for british roads but it was a bucket list car and happy to have ticked the box. Throttle actuators were on the way out when I sold but I actually had no bills in my ownership. Think you need to put some money into tidying her up though, looks a bit scruffy now!

£0.77 per mile roughly since he owned it.

Great video mate 👍👍👍 i can’t wait to get one again ! Can you tell me what the wheels are I forgot ?

Not been funny here pal but you buy a car like this you can’t really complain at all! I run 6 M cars, two 46 M3 cabs, M4CS, M4 comp cab, ZM roadster, M4 CSL & a B3S Alpina cab, there all on Admiral multi car policy , all fully comp which cost me £2186 a year. Road tax adds up to about £2500 a year, serving is done at the main dealers ( Soper) all parts are purchased from Sytner Nottingham (get a better deal)… I use all daily buy put them all away during the winter months, tyres are all MPSS, there all low mile cars & they cost very little to run to be honest, people that moan about the costs are used to running a Ford fiesta, they buy the cars but can’t afford to maintain them correctly. I have a M3 tourer coming at the end of the month (hopefully) it’s been on order for 18 months, as long as you don’t buy a bag of shit in the first place then they won’t cost you a fortune to maintain & keep. Throttle actuators are £950 inc vat fitted with a lifetime warranty at Evolve, rod bearings are £1650 in vat done again at Evolve, these two things are what buyers look for before purchasing, I’d say you need to Chuck some money at yours as it looks a tad scruffy if I’m honest! These machines are what they are… fun, if you have add everything up on these cars then it’s best not to buy one!

Time to do a Mat Armstrong and raffle this bad boy off!

Great vid that is a few quid for a year's motoring but at least u enjoyed it

You must have good job to pay for all three high powered cars

Love that it’s been driven but surely a nice diesel daily with save you some £ and hold the value of the E92

yeah my yearly cost over 14k was £2475 on maitenance - Throttle actuators, brakes/lower arms, £900 on tyres, and £9600 in fuel for a year. So all in £12,075 as a daily driver and I've lost £10k on the sale of the car (e93 vs e92). That doesn't take into account insurance or tax.

Out of interest what do you estimate the market value of the car is now ?

That’s not the reason the tax is so higher the 40k thing came in later (2017) and reduces after 6 years.

Looks like you went to the most expensive garages for everything. 3.5k for Rod bearings and they didn't do the engine mounts at the time? Really?

I got surprise when you said 7k for fuel, glad I don't daily drive mine, but everytime when I go out with it, it eats a full tank, but it doesn't matter, it smiles per gallon not miles per gallon

The only reason that puts me off going into a E92 or any older high performance car of this kind, its not for want its just not viable as a daily. I believe the 40k luxury car tax only applies for the first 5 years, don't feel so bad Im paying that for my little 1 series 😮 Tyres PS4s 235/35/19 nearly £800 for four, im guessing the A45s will demand equally expensive rubber

I had mine for 8 months, 2 tyres, full service, all fluids changed inc gearbox and diff. Diff pion seal changed, I averaged a tank a weekend in it and loved every bit of it. These cars are a money pit at no point can you stop spending money on them but you forget about it all when you are out behind the wheel.

Looks a lemon that. Shame to see such a low mileage example turned into a neglected daily. Surely a nice 335d or something would’ve been a better option? Or track car the M3 and daily the golf?

Tax is due to the c02 and is £675 annually from this year. (Thats what i paid!) the luxury tax is for april 2017 registered cars onwards

There was one on eBay here in Bristol with 198000 miles for £10995. Clear MOTs every years and the rods replaced by Redish in Bristol. I was very tempted to go and get it but my 650i Gran coupe is keeping me going for now

Love the realisation of how expensive it can be to run such vehicles.

Awesome video explaining costs but that’s why I got a 335d 😂😂😂

God that’s crazy, I had one of these for a year and actually made money from the experience! Bought for 18.5k and sold for 21, insurance was 700, maintenance 1000, tax 650, and fuel didn’t do loads of miles so roughly 1000. Good times! Would never have one as a daily though that is crazy, I’m sure you’ve made enough from RU-vid to contribute to the cost though so not all bad

May as well enjoy it few years more. I want a pre 2001 996 now

Hi. I had the e93 M3 2010 plate for 7 years. Very reliable. I had to get the throttle actuators done under warranty. The rod bearings never go, if you never thrash the car when the engine is cold. I had no issues with the rod bearings. Normal wear and tear. Tyres, replaced battery once. One headlight bulb. 1x ABS sensor. Brilliant car. But you get used to the speed. So I purchased the M6. F12. Monster. 👹. But, you can’t throw it around like the M3. But it slides in almost all gears with traction on. If I had the money, the Porsche 911 991.2 Turbo S, all wheel drive is an absolute beast. No sliding. 0-60 in less than 3 secs. 🎉

The only reason the tax is high on these is the engine, luxury tax didn’t exist when these were made and even if it did luxury tax is also for only the first 5 years. At least that’s the impression I’ve got from research I may be wrong

A set of PS4s tyres on your M3 is around £200 cheaper than what I pay for my Astra!

Maybe you should add up the total price of detailing product and shampoos etc you might be unlucky there and go into double figures 😢

Mate when you pulled out the fuel receipts I was a little shocked, but when you added them up my jaw hit the floor 🤣

Luke been laughing my head off sat watching this hahaah😂😂😂😂

This is why I paid more and bought one with well under 20k on the clock, feels like new and should not need worn parts replacing for another 40k (at least). The fuel is eye watering though.

Just to tip you over the edge ..what about factoring in the depreciation on the car?😢

I know everyone loves low mileage cars but it comes with a price. The fuel cost with all things considered isn’t that bad. 22k in one year is a lot in the UK. You’re definitely driving the wrong car if you’re looking for efficiency or decent costs. I reckon if you got one with lifetime actuators and the bushes already done albeit higher mileage you’d have saved a few thousand on purchasing and saved 5-8k on “maintenance” (bushes and suspension isn’t a maintenance tho)

That is mad mate but just think of the smiles per miles

Sell it! Stupid money for an old car.

I owned an e92 330i for 12 months and it cost 14k in repairs..... thank god for warranty. I am very skeptical of e92.

I have a B7 RS4 … might cost a lot to run but how much longer will we be able to enjoy V8’s! To me it’s worth it

The e92 M3 is my dream car. I currently drive an e92 335d m sport. The price of tax here in Ireland is €790 per annum for my 335d. The reason why I'm not yet driving an e92 m3 is because it would cost €1809 per annum to tax here in rip off Ireland

Sometimes best not to add it up 😂 So much money wasted on our love of cars over the years!😊

you really are the kind of car owner i would never buy a car off.

That's why I drive a 2ltr audi s1 and not a V8 😂

YOLO mate, can’t take it with ya 😅

I bet the 22,000 miles were not fun miles either, plodding on the motorway I bet.

I very nearly bought one instead of my M240i, but I knew as a daily would probably be a little pricey to run. BUT NEVER TO THIS EXSTENT.

So your V8 M3 still costs less to tax than our 2.3 Ford Galaxy 😅

and this is why theres a lot of small cars on the road now

Just to clarify the tax weirdness we have In the UK for anyone wondering. As of 2017 the tax system changed from a CO2 based one to a 'three band system' so any car that was registered in that year and had a list price of over £40,000 and wasn't an EV have to pay an additonal £390 for the first 5 years after the second year (first qualifies for showroom tax). In the case of your E92 being registered before 2017, it was simply based on CO2 emissions, and the M2 is in the highest band with 295g/km.

really crazy...

This is why cars like this will disappear soon as sad as it is

And you use that for your daily ?

Go back to the mk5 golf!

Damnit 😬

Like you I have a Golf R and an E92 M3, but the golf is the daily 😅

luxury car tax expires once your vehicle is 5 years old. So it has nothing to do with this E92

When you said 600 for 4 tyres I thought that was a good price lol. Mines 450 per rear tyre

I imagine you won't have to spend that much on maintenance every year, but I think you need to cut down on the miles. The rest isn't that bad.

Maybe…. Get your golf r ….. back ? 😂

Your tax is £695 as of April 2023 and it has absolutely nothing to do with "luxury car tax bracket" as that didn't exist in 2009 (or whatever year that is). Even if it did, it only applies for 5 years. It's £695 because it is measured as over 255g per km of carbon dioxide.

As an E92 M3 owner, easily the best car I’ve ever owned, but I’d hate to daily drive it!

a grand on insurance is crazy, you got shafted :D

It looks like you should have spent a few extra quid getting it valeted 😢

It’ll be up for sale soon as it’s coming up to 100,000 miles and a major service. One careful owner anyone? 😂

Car looks like it needs a bit of love. Time to do a Mat Armstrong and raffle this bad boy off!.

Well you've learned the lesson! NEVER add up motoring costs 😉😆

Just a heads up, make sure the main bearings have been done too. If not get them done ASAP

Time for a 335d daily👀

Great honest video :) the car is a beast fantastic car, you only live once Look forward to the next episode

If you think in UK the road tax and insurance is high for this car😂😂, try a look at Denmark 😂, at least twice as much on everything

Tax seems reasonable! Prob 1300 euros in Ireland

Just over the summer, tuck it away after. Not a daily driver type of car Imho.

Thank you for this video and honest assessment of owning a v8 M3. This is my dream car and I can see the smile it brings on your face every time you drive it. You night want to get another daily driver and use this as a weekend car to keep cost and mileage down. 22k in just over a year is serious miles which leads to serious maintenance costs. This is a great car and guranteed future classic

RU-vidrs are so corny mate lol, that thumbnail

yeah i think the 22k miles will do that lol

I spent 9000 on fuel in 4,5 years on my car

Annual road tax on that car where I live will cost just. around 1400 British pounds. gasp....

the car tax in Greece annually is double what you guys pay over there in the US

Also,get something economic for running around in.

Interesting video 👌🏻 I daily mine. It’s mad when you add the prices up. But worth it. Few differences tho. My insurance is £136 😂 I added £5000 worth of carbon tho with the money saved.

Great video dude! As you know I was seconds away from buying an E92 M3 6 speed, but the running costs put me off. I didn't know they could be this bad though. Obviously no 2 people will have the exact same ownership experience, but this is disgusting. It's actually the value of an E92 M3 that you've spent on the car! Wow! Really opened my eyes lol. Think I'll stick to the R34 lmao

when i heard the final price i felt a weird feeling in my stomach and i dont even own the car hahahaha

this is why i dont keep track of what i do to my cars, i dont waste money but if i tot it all up id probably cry, just enjoy it

@hampshirephoto - where did you get your tyres from?

Still prefer my 46m3, looks better and quicker than a 92m3. Also cheaper to run and maintain. 👌

Cheap for 4 tyres though. I’ve got 21inch and just shelled out 1100 😯 Live the engines in these. What a sound

That's why I'll get a GSF or LC500😄 and keep the money for vacation

😂😂😂 sucker for torture

Time to daily the merc.

What MPG are you getting for that fuel bill?

I think the best way to own one of these is to have another car.