As the E30 remains unreachable and E46 pricing quickly heads upwards, the E36 remains a slightly less-appreciated alternative that is affordable for most enthusiasts. While it’s still possible to find wrecks of the popular chassis for only a few thousand dollars, if you’re willing to spend a bit more you can still find reasonably priced and clean examples. Admittedly, the pool is drying up as speculating vultures start to circle what was once an oasis of cheap speed. But this early ’95 in a fetching (and rare) color combination is more than just a distant mirage:
A little over a year ago, I took a bit of a gamble and plunged into M3 ownership. At the time, I was reasoning that the E46 market wasn’t likely to dip much lower in the immediate future, as the E36 market was already trending upwards. As a result, I paid (what I felt was) a reasonable premium for a low mileage, excellent original condition example in a very rare color. At least on the surface, it would seem that my decision was correct; since purchasing that car, some E36 sales have gone through the roof as documented on these pages. Further, E46 sales of clean, original examples (especially 6-speeds) appear also to be heading upwards, as witness by the 2003 currently on Bring A Trailer. With a few days to go, bidding is past $25,000 – money that until now was considered reserved only for the Competition Package cars.
But back to the E36 market and this particular example. The cars that have pulled really strong numbers in the second generation M3 are the European specification models or the super-limited Lightweight edition. Still, that doesn’t mean that a clean normal U.S. specification M3 also isn’t heading upwards. Take this early ’95, for example:
CLICK FOR DETAILS: 1995 BMW M3 on eBay…
A few weeks ago I wrote up a lightly modified 26,000 mile Dakar Yellow M3 coupe; in that post, I said that the $25,000 asking price was out of line with the market in my opinion. Perhaps it was the mods that really threw me off, but I set out to prove my point the following week by showcasing two original M3s that I thought were better propositions in my “Teens Well Spent” post. Both cars were available in the mid-teens and both highlighted how for about $10,000 less than the asking price of the 26,000 mile example you could get a neat, original M3 still with low miles and in great condition. Well, this week I have two more to once again underscore that point – as the 26,000 mile example continues to languish on eBay with no bids and an unchanged $25,000 asking price, I have a stellar original Dakar Yellow example and a mysterious ’94 Canadian one to consider:
CLICK FOR DETAILS: 1995 BMW M3 on Craigslist…
Last week we featured a string of E36 M3s, culminating in a very low mileage but high priced, lightly modified Dakar Yellow priced at $26,000. To me, it was a strong as considering there are many other very good E36 deals in the teens that would be equally striking and potential investments down the road. So, today I’m taking a look at two other E36 models, both priced about $10,000 less than the low mileage example, that I’d jump into first: