What did KBB say about the value when you ran
the particulars thru it for value?
Well, you did select smartly when you chose a manual because this is one of the potential weak and expensive unknowns when you purchase a used e46 with auto of this vintage.
Car looks like it has been detailed in and out, but beyond that you should pursue the service records, the dealer list of work, and a mechanic's evaluation.
Perhaps look to see if car has stock springs and shocks to see if aggressive driving could have been on the mind of the owner. Inspect rear shock towers to be sure. Got a sunroof? Any sign of leaks or rough operation?
Spend some tiem reading this board back into time to get a feel for this breed, and some of the problem areas. Water pump been replaced yet? Control arm bushings in good shape? You're just getting started!
about the value and what to look for
truer at $9000, and work all the window regulators up/down
for noises, feel under rugs for water from leaking sunroof,
oil change intervals are key, crankcase vent valves freeze
in winter if oil is changed only once per year, road test
on highway for straight steering and braking without any
pulling or vibrations. Look really close at door edges,
hood and trunk edges for body work, non-original painting.
That can ruin your day after purchase.