bullz3 
2001 BMW Z3 Convertible 3.0i 2dr Roadster (3.0L 6cyl 5M)
4-Star Car, 5-Star Fun!
 I'm the third - and likely last - owner of our Z3. Paid well under the $7,500 asking price (125k miles) when a BMW Dealer pre-sale inspection (do this!!) found $6k in bad rear trailing arms and old/cracked/leaking critical engine parts/seals. A good independent shop did it for $4k. Was it worth it? OHMYLORDYES! This is the Roadster my old Miata always wanted to be. Takes my breath away every time I open the garage, and again every time I open the throttle. The S52 engine is the best of the bunch. Just be prepared to pay a premium to fix all the nits that crop up. Resale values are rising for later models in good repair. If you find one under $10k this looker is definitely worth a 2nd look. *update* Edmunds asked for an updated review. The only thoughts to add are frustrations with a shot rear transaxle now, and the realization that while it's fun, it's not an investment. For the money I've invested in purchase and repairs I could have gotten a very nice used Miata, with fewer headaches. *update* Drive shaft replaced at 165k miles, $1,500. Still mostly happy.