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The high bid on BaT was effectively just north of $22K after adding in the buyer's 5%.. Seems like a really solid deal if you want a supercharged E46... you won't be able to replicate that for anywhere near $23K (car may actually be worth more in stock form).
One note, make sure to get a pre-purchase inspection prior to buying. Highly modified cars (and older cars in general) can have a lot of items that need attention, so you want to make sure you know how well it was maintained/what needs to be addressed if anything.
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