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In the last few weeks I’ve done a series of posts covering some well priced, good condition E36 M3s. The genesis of those posts came from a low mileage, slightly modified Dakar Yellow M3 which apparently really raised my ire. As with any car, there are opportunity costs for buying an example which is lower miles and near pristine condition; you’re paying not only for the exclusivity of having had someone store and not heavily use the model you’re clearly seeking, but then often you’re also paying extra for what they think it’s worth. In some cases – classic Ferraris, for argument’s sake – that won’t matter to the prospective buyers, whose bank accounts often align with small African nations. In others, the opportunity cost for getting into a low mile older car is that you could have a much newer car, with better features, performance and perhaps reliability. As such, today I’m looking at two very similarly priced M3s; the last of the run E36 versus the first of the run E92. 9 years, 45,000 miles, 2 cylinders and some 174 horsepower separate these black beauties – which is the one you’d choose?
A few months ago at a gathering of friends, two BMWs were present – my friend’s E46 M3 and his acquaintance’s E82 135i. A bit under my breath, I mentioned to him that I still couldn’t get over how unattractive the 135i was compared to the M3. I may have said that the E82 looked a bit like a really poor quality bodyshop repaired a E46 that had been both in full frontal and rear crashes – poorly. But my friend countered that if anything, that 135i was faster and more fun to drive than his M3. Looking back, I paused, and thought “Could I?” The answer remains no in my book, but it does raise an interesting question – with E92 335i prices dropping within reach of the higher E46 M3s, which is the better choice?
The 1988 BMW M6 I wrote up a few weeks ago is back up for sale, this time with a $17,500 “Buy It Now” price tag. Compared to what that amount buys you in the E30 world, this sure seems like a solid value even if it’s not 100% original. The E24 and E28 market have slowly been heading upwards too – perhaps picking this car up and returning it towards original specification would be a worthwhile enterprise. Or, drive it like it is and enjoy one of the best layouts BMW ever made – which would it be for you?
The below post originally appeared on our site December 14, 2014:
