In today's market, it seems like a good deal.
I am looking at a clean 2005 6MT with 80k mileage single owner in the $35k range. You may be able to get a better deal if you keep hunting around, but there is always opportunity cost and my sense is even if you buying something "overvalued" by a few $, I think the intrinsic value will continue to appreciate for a well-maintained vehicle.
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2007 E92 335i 6MT Space Grey (Sold)
2021 G05 x40i Sapphire Black (Daily)
2005 E46 M3 6MT Silver Grey (Project)
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