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2008 BMW M3

Used 2008 BMW M3

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4.6
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2008 BMW M3 Exterior: 0
2025
2008
Fuel Economy
16 combined mpg
Horsepower
414 hp
Engine
V8, 4.0 Liter
Cargo Volume
9 - 12 cu ft
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2008 BMW M3 Review

KBB Editors

By KBB Editors

Updated December 23, 2019

Our editors drive and evaluate hundreds of new cars every single year, turning thousands of miles and countless hours behind the wheel into helpful reviews, ratings, and comparisons. They also have lives outside of work, or so they think. You’d be surprised what you can learn by hauling a dirt bike, hunting for a wayward sippy cup, or just packing the trunk full of groceries.

Pros

If you are already a BMW 3 Series or M3 enthusiast, this latest M3 is easily the best yet. If its hefty sticker is within your reach, you’ll delight in its raw performance, racer-like handling, sophisticated electronic features and, yes, its long-established and well-deserved king-of-the-hill reputation.

Cons

If you are not a BMW worshiper and crave something more exclusive, check out the all-wheel-drive Audi RS 4 Sedan or Cabriolet and the more powerful Mercedes-Benz C63 AMG, Cadillac CTS-V (due in the Fall of 2008) and Lexus IS F sedans.

What's New?

The 2008 M3 brings V8 muscle and a host of sophisticated performance-enhancing electronics to BMW’s ultimate high-performance compact coupe, sedan and (retractable hardtop) convertible.

BMW’s original M3 high-performance compact coupe was created in 1986 as a road-going version of its 3 Series-based German Touring Car Championship race car, and it arrived Stateside two years later. Powered by a pumped-up 192-horsepower 2.3-liter four-cylinder engine, it quickly carved a reputation as the ultimate performance iteration of BMW’s iconic 3 Series. Second- and third-generation M3s packed six-cylinder engines, the latest (2006) model boasting 333 horsepower. The 2008 fourth-generation M3 moves up to a high-revving 4.0-liter V8 with 414 horsepower under its domed and vented hood. While we love German-rival Audi’s 4.2-liter V-8 all-wheel-drive RS 4 and Cadillac’s latest Corvette-powered CTS-V, BMW’s M3 compact muscle machine remains the gold standard of this rare, expensive and exhilarating class of car.

2008 BMW M3 Pricing

2008 BMW M3 pricing starts at $16,054 for the M3 Sedan 4D, which had a starting MSRP of $62,620 when new. The range-topping 2008 M3 Convertible 2D starts at $17,399 today, originally priced from $73,520.

Original MSRP
KBB Fair Purchase Price (national avg.)
$62,620
$16,054
$64,270
$17,734
$73,520
$17,399

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2008 BMW M3 models in typical condition when purchasing from a dealership. These prices are updated weekly.

Driving the BMW M3

The M3 is terrific fun on a race track and nearly as much when driven sanely on public roads. If you enter a turn a bit too fast it remains predictable, the steering tracks precisely and the big brakes provide remarkable fade-resistance, even during sustained hard driving. The race-bred V8 hits its amazing 8400-rpm redline almost too quickly in the lower gears before its throttle shuts off to prevent over-revving; but shift before it reaches that point, however, and the M3 can rocket from rest to 60 mph in 4.7 seconds and on to a computer-limited top speed of 155 mph. You won’t often be able to safely use all this exhilarating performance on the road, but just knowing it’s there will make you smile.

Interior Comfort

The leather-covered steering wheel’s spokes incorporate controls for audio and phone and the available MDrive button, and the black leather-trimmed center console presents a trio of switches for the electronic driving programs (Power, DSC and optional EDC). Accent trim is carbon fiber, M-car logos decorate the door sills, instruments are specific "M style" and the tachometer warning zone rotates upward to the maximum 8300 rpm as engine oil temperature increases. The front seats are available with backrest-width adjustments and optional folding rear seats open the interior to the 15.2 cubic-foot trunk. Unfortunately, the available Navigation system requires BMW’s unloved iDrive multi-function controller.

Exterior Styling

The M3’s purposeful face flaunts its trademark BMW twin-kidney grille between quad xenon headlamps and above three large intakes that feed high volumes of air to its engine and brakes; hence, it foregoes the fog lamps found on other 3 Series models. It sports signature M-car front-fender gills with tri-color M3 logos and sharp character creases over pronounced rocker sills. A discreet decklid spoiler reduces both aerodynamic drag and rear lift, while a split diffuser beneath the rear bumper mimics the front air intakes’ shape above four serious circular tailpipes.

Favorite Features

Dynamic Stability Control
Selectively applies brakes and reduces power when needed to maintain stability but can be switched off. Its Start-Off Assistant prevents roll-back when launching on a hill, Cornering Brake Control stabilizes when braking in a curve and brake pre-loading builds up instant pressure when it senses an emergency stop may be imminent.

Optional M Double-clutch Transmission with Drivelogic
This seven-speed gearbox operates like two separate transmissions handing off to each other from ratio to ratio. There’s no clutch pedal but 11 shift programs (five automatic, six manual), and it can be shifted on the fly with the throttle on the floor (no interruption of power) through either its shift lever or steering wheel paddles.

Standard Features

The 2008 M3 is the only car in its class with a carbon-fiber-reinforced composite roof, and its chassis and suspension are aluminum for light weight and near-50/50 front-to-rear weight distribution. Its powerful four-wheel disc brakes utilize large (14.2-inch front, 13.8-inch rear) vented and cross-drilled rotors inside low-profile performance tires on 18-inch M-Style wheels. Also standard are M-Servotronic speed-variable power steering with Normal and Sport modes, Dynamic Stability Control (DSC) with Start-Off Assistant, Cornering Brake Control (CBC), brake pre-loading and brake drying, a premium audio system with single-disc CD and auxiliary input jack, six airbags, BMW Ultimate Service, BMW Assist and Roadside Assistance.

Factory Options

The 2008 M3s offer BMW’s first application of its new M twin-clutch 7-speed transmission with DCT Drivelogic and 11 separate shift programs (five automatic, six manual). Other significant options include 19-inch wheels and tires, Electronic Damper Control (EDC; with Sport, Normal and Comfort modes), M Drive with steering-wheel button to instantly activate a set of pre-programmed dynamic variables, front-seat backrest-width adjustment, fold-down rear seatbacks, Navigation system with iDrive, high-definition and SIRIUS satellite radio, USB-enabled port for iPod and iPhone control and Technology and Premium Packages that include groups of the above.

Engine & Transmission

The M3’s new light-alloy 32-valve double-overhead-camshaft 4.0-liter V8 delivers 414 high-revving horses and 295 pound-feet of torque, with 85 percent of the latter available from 3900 through 6500 rpm. It is 24 percent more powerful than the previous M3’s inline six-cylinder engine, yet weighs seven percent less. Its compression ratio is a high 12.0:1 and its redline an astounding 8400 rpm. A separate throttle butterfly for each cylinder – a feature adapted from the M’s racing heritage – provides immediate reaction to the accelerator pedal at any rpm and double-VANOS variable camshaft management delivers fast valve timing adjustments to enhance power, torque, fuel economy and emissions all at once. It drives through a standard six-speed manual transmission or a new optional twin-clutch seven-speed that can be shifted automatically or manually with steering-wheel paddles.

4.0-liter V8
414 horsepower @ 8300 rpm
295 lb.-ft. of torque @ 3900 rpm
EPA city/highway fuel economy: 14/20 (sedan and coupe), 13/19 (convertible, manual)


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2008 BMW M3
KBB.com Consumer Reviews

4.6
Consumer Rating
Based on 81 Consumer Reviews
Write a Review
95%Recommend this vehicle
5
79%
5
79%
4
11%
4
11%
3
2%
3
2%
2
2%
2
2%
1
5%
1
5%
Value
4.5
Performance
4.8
Quality
4.6
Comfort
4.6
Reliability
4.6
Styling
4.8

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2008 BMW M3 Style

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
0-60
Top Speed
Curb Weight
Sedan 4D
$16,054
16 MPG
414 @ 8300 RPM
V8, 4.0 Liter
12 cu ft
295 lb-ft
4.8 seconds
155 mph
3726 lbs
See Full Specs for All 2008 BMW M3 Styles
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2008 BMW M3 Depreciation

A 2008 BMW M3 has depreciated $4,024 or 22% in the last 3 years and has a current resale value of $13,724 and trade-in value of $12,041.

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2008 BMW M3
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2008 BMW M3 Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2022
$793
$17,748
$16,763
2023
$3,311
$14,437
$12,746
2024
$1,635
$12,802
$10,921
Now
+ $922
$13,724
$12,041
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2008 BMW M3 Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


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Specifications

Dimensions, Weights & Capacities

Curb Weight
3726 lbs.
Fuel Capacity
16.6 gallons
Front Head Room
38.5 inches
Front Leg Room
41.5 inches
Max Seating Capacity
5
Overall Length
180.4 inches
Front Shoulder Room
55.4 inches
Trunk or Cargo Capacity
12.0 cu.ft.
Turning Diameter
38.4 feet
Wheel Base
108.7 inches
Gross Vehicle Weight Rating (GVWR)
4740 lbs.
Payload Capacity
1014 lbs.
Width with mirrors
78.9 inches

Exterior

Adaptive Headlights
Available
Alloy Wheels
Available
HID Headlights
Available
Moon Roof/Sun Roof
Available
Number of Doors
4 doors
Power Folding Exterior Mirrors
Available
Rear Spoiler
Available

Fuel Economy

City
14 mpg
Highway
20 mpg
Combined
16 mpg

Mechanical

Drivetrain
RWD
Transmission Type
Manual
6 speed
Available
Recommended Fuel
Premium
Dual-Clutch Automatic Transmission
Available
Hill Start Assist
Available
Limited Slip Differential
Available

Performance

Horsepower
414 @ 8300 RPM
Torque
295 @ 3900 rpm
Engine
V8, 4.0 Liter
0 to 60
4.8 seconds
Top Speed
155 mph

Warranty

Basic
4 years / 50000 miles
Corrosion
12 years / Unlimited miles

Comfort & Convenience

  • Integrated Garage Door Opener

Entertainment

  • iPod Connector
  • MP3 Player
  • Premium Radio
  • Satellite Radio
  • CD Player

Interior

  • Leather Interior Trim
  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Rear Window Defroster
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Leather Seats
  • Folding Rear Seat
  • Cloth Seats
  • Heated Seats
  • Dual Power Front Seats
  • Power Driver's Seat

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Remote Engine Start
  • USB Port

2008 BMW M3 Safety

2008 BMW M3 Safety Technology

  • Child Door Locks
  • Child Seat Anchors
  • Driver Airbag
  • Passenger Airbag
  • Stability Control
  • Traction Control
  • Emergency & Security Services
  • Front Head Curtain Airbag
  • Front Side Airbag
  • Rear Head Curtain Airbag
  • Rear Parking Sensors

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See Details
Price
$16,054
$14,632
$14,588
$14,219
KBB.com Rating
N/A
4.2
4.4
4.5
Consumer Rating
4.6
4.5
4.1
4.0
Fuel Economy
City 14/Hwy 20/Comb 16 MPG
City 43/Hwy 41/Comb 42 MPG
City 30/Hwy 40/Comb 34 MPG
City 27/Hwy 35/Comb 30 MPG
Fuel Type
Gas
HybridLeafIcon
Gas
Gas
Safety Rating
N/A
5.0
5.0
4.0
Seating Capacity5555
Basic Warranty
4 years or 50000 miles
3 years or 36000 miles
4 years or 50000 miles
5 years or 60000 miles
Horsepower
414 @ 8300 RPM
188 @ 6000 RPM
147 @ 5000 RPM
201 @ 6000 RPM
Engine
V8, 4.0 Liter
4-Cyl, Hybrid, 2.0 Liter
4-Cyl, Turbo, 1.4 Liter
4-Cyl, Turbo, GDI, 1.6 Liter
Drivetrain
RWD
FWD
FWD
FWD

2008 BMW M3 Rankings

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FAQs

Is the 2008 BMW M3 a good vehicle?

Yes, the 2008 BMW M3 is a good car. Its Kelley Blue Book rating of 0 out of 5 is within 10% of our average rating.

What is the MPG for a 2008 BMW M3?

2008 BMW M3 city/highway fuel economy ratings range from 13/19 mpg to 14/20 mpg, depending on trim and equipment.

How much should a 2008 BMW M3 cost?

Used 2008 BMW M3 prices currently range from $16,054 for the Sedan 4D to $17,734 for the Coupe 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest BMW M3?

The cheapest 2008 BMW M3 is the Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $16,054.

Is the 2008 BMW M3 reliable?

The 2008 BMW M3 is part of the 4th-generation M3, which our owners give an above-average reliability rating of 4.6 out of 5.

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