Northern Exposure: 1994 BMW M3 Canadian Edition

I promise that it was not my original intent to run a Canadian market car this today, but it’s pretty apropos for this morning’s coffee intake. The Canadian Edition M3 is no stranger on these pages; I’ve written up two of the original 45 in the past few months. First was the Mugello Red car which had undergone some changes for stock.. Second was the staggering Individual Giallo example which set what I believe may be a record price for a non-Lightweight car. Today #40 has come up for sale and seems to lie between the condition of the two cars. Presented in fetching Dakar Yellow, where will the price of this E36 end up?

CLICK FOR DETAILS: 1994 BMW M3 Canadian Edition on eBay

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1989 Porsche 944 Turbo with 43,000 Miles

Here’s a listing I am genuinely interested in seeing end in a few days. Why? Well, I’ve covered a string of 944 Turbos recently, and we’ve seen some very nice examples trade for quite reasonable amounts. But today’s 944 Turbo is special for a few reasons. First, it is one of the last of the run, S-spec 1989 models. Properly, they’re not called “Turbo S” models, but only because all of the 1989 models came equipped with option code M030 – the Club Sport Package, featuring adjustable Koni suspension, forged Club Sport wheels, upgraded 928 brakes, and 30mm/25.5mm swaybars. It also meant by default you needed to select option code M220 – the 40% limited slip differential. Coupled with the upgraded M44/51 turbo motor producing nearly 250 horsepower, these are the Ninjas of the Porsche lineup in the 1980s – silent supercar killers. Today’s example is especially desirable since it comes from a single owner, is claimed all original, and has only covered 43,000 miles:

CLICK FOR DETAILS: 1989 Porsche 944 Turbo on eBay

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2001 Audi TT 225 quattro

1I went to college in London in 2000, about the same time that the first generation TT started to appear on British roads. Because my dorms were in a posh part of town, there were always a few of these parked nearby. The car’s styling struck me as extraordinary. It captured something of the millennial zeitgeist: a minimalist, Bauhaus-esque design that artfully blended lines and curves on the outside, with a bespoke-feeling cockpit on the inside featuring splashes of brushed aluminum and baseball-glove stitching on the leather seats. Back then, I had ambitions to become a lawyer, and this was the perfect car, I thought, for a young single man about town. The perfect yuppie’s car.

CLICK FOR DETAILS: 2001 Audi TT 225 quattro on Albany Craigslist

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Summer Dreaming: 1987 Porsche 944 Turbo

I’m guessing that if you’re a fan of the 944 Turbo, you’re reading this with a slight tinge of regret that you didn’t bid on the two no reserve 944 Turbos I posted the other day. Both were unique in their own ways, but the condition and pricing made them compelling options. The Nougat Brown car traded for a staggeringly low, “why the hell didn’t I jump in on that auction” $8,100. The Alpine White car, with a bit better presentation and neat options, has just broken $10,000 with a few hours remaining. The 944 Turbo is one of those cars that keeps me thinking, wondering when they too will be out of reach for most enthusiasts. Today I have another interesting configuration, low mile Turbo to consider – is this one worth the plunge?

CLICK FOR DETAILS: 1987 Porsche 944 Turbo on eBay

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1994 BMW M3 Canadian Edition Individual

You’re not going to buy this M3. It’s not because of lack of desire; certainly, a limited run European-specification Canadian Edition M3 is already a very hot commodity. Further upping the ante was the BMW Individual “Giallo” yellow color, slightly different than the standard specification Dakar Yellow. While that may seem like a strange choice, it was what the original buyer of this already very expensive ($60,000 in 1994, about $90,000 today) ordered – and that choice made this particular car the only out of production color in the run of 45. Obviously, since they cared a lot about their prized Euro M3, miles are super low and condition is effectively near perfect. But you’re not going to purchase this car, not because of the colors, or the miles, or the low production number, or even because it’s a Euro car. You’re not going to buy this E36 because the asking price is $65,000:

CLICK FOR DETAILS: 1994 BMW M3 Canadian Edition on eBay

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1997 BMW M3 Coupe with 45,000 Miles

The value of E36 M3s has been much debated over the past few years, with detractors snickering and deriding every asking price and speculators suggesting their worth is many times the average selling price. While it’s true you can find cheap E36 M3s, the question remains – where is the market going on these cars? The result of their relatively low value for such a protracted period means that today there just aren’t the glut of good examples that there once were, so when a really nice one comes along, now too do the bids. Case in point – today’s 1997 Coupe. A quick search of my local Craigslist ads suggests I can buy one of these for $6,500. No, actually, I can buy four of them, all for $6,500 (or less). So why would I pay more for this one?

CLICK FOR DETAILS: 1997 BMW M3 Coupe on eBay

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1 of 45: 1994 BMW M3 Canadian Edition

Conventional wisdom would have it that North America was robbed of the “real” M3; the undiluted, S50B30/B32, individual throttle body, floating rotor, continuously variable VANOS enthusiasts’ dream. Conventional wisdom, though, is wrong. Exploiting a loophole in importation laws, in 1994 BMW Canada commissioned a run of 45 exclusive European-spec E36 M3s. These were the full-fat BF91 rather than the BF93 which would come slightly later to U.S. shores. That meant the full spectrum of Euro goodies were optional on these cars, but most notably the 286 horsepower engine was the highlight. Each got a numbered plaque to commemorate fooling “The Man”, the only real changes from standard specification were the additions of daytime running lights and a third brake light to meet Canadian road laws. Sure, your E36 M3 is special, but these Canadian Edition cars are more specialerer. And this one isn’t in Canada anymore – it’s in the U.S.. Feel cheated no more, E36 fans!

CLICK FOR DETAILS: 1994 BMW M3 Canadian Edition on eBay

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1991 Audi 200 20V quattro

Timothy Dalton was a pretty forgettable James Bond, and The Living Daylights was an even more forgettable Bond film. Beyond the pretty ridiculous plotline of the cellist turned assassin turned sympathetic refuge and maybe the only woman the protagonist never sleeps with, perhaps the most notable appearance was the Mujahideen in another sympathetic roll. They were, after all, the freedom fighters trying to kick out the Western baddy-of-the-decade Russians – never mind that they’d basically become the Taliban in short order, or that the CIA was funding guys like Osama bin Laden to be over there fighting and training alongside them. If you leave the serious lapse in global politics out of the movie, the best part was probably the two Audis you forgot about. James used a 100 quattro Avant for survaillence, but when he needed a quick getaway, it was a really slick looking Stone Gray Metallic 200 quattro with some particularly awesome BBS RS wheels under lightly flared arches. In European guise, it was not a car we got here, with the slab-sided 5000 carrying the torch in 1987 – the year the movie premiered. There was a 35 horsepower difference between the European variant and what came to us, too. That was rectified in 1991, though, when Audi very nearly recreated the look of that James Bond car in the 20V version of the 200. With flared arches, 15×7.5 forged BBS RG wheels and a new, double over head cam turbocharged 3B motor producing 217 horsepower channeled only through a manual gearbox and all four wheels, the 200 finally became a chariot worthy of a super spy. Audi also moved in a new direction minimizing badging; the rear window had a “quattro” script defroster and in front the quattro badge adorned the grill, but as with the 1990 V8 and Coupe models, no other model designation was present. You either knew what you were looking at, or you didn’t. Most didn’t, since these expensive Audis didn’t sell particularly well in the wake of Accelerategate, but those that got them bought a treasure of potential and great build quality:

CLICK FOR DETAILS: 1991 Audi 200 20V quattro on eBay

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1989 Porsche 944 Turbo with 37,000 Miles

Kicking and screaming, enthusiasts are watching super heros from the 1980s slowly (or not so slowly, depending on the model) move firmly out of affordable price ranges. The last bastion of performance to rise is one of the best available, proving that the market doesn’t always recognize what theoretically should be the best cars. 944 Turbos, just as they did when new, have been rapidly accelerating in value and the top of the heap for road models are the ’88 Turbo S and the S-spec ’89 Turbos (properly, without S – more later). In my time writing for GCFSB, I’ve watched nice examples move from mid-teens to firmly into the 20K range. But Hagerty currently values them even higher, with a sharp spike in 2015. 2016 forecasts have the market cooling slightly, but it’s still at record highs for several models. The current top value on a 1989, at least according to Hagerty, is $36,400. Today’s car is priced at $39,000. Is it better than perfect?

CLICK FOR DETAILS: 1989 Porsche 944 Turbo on eBay

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1998 BMW M3 Convertible

From a performance standpoint, the E36 M3 Convertible may not be the most desirable BMW product produced. However, if you’re able to back out that this won’t be a car dominating your local track days, the E36 Convertible does offer quite a bit of M-car magic for your money. True the U.S. spec E36 M3 was detuned and mass-produced, but it’s still a great looking, sounding and fun to drive car. Drop your prejudice, and the M3 convertible is a neat package in many ways – plus, it is one of the more affordable ways to get into a M3. This particular model is well equipped and neatly optioned with the forged Motorsport wheels and a host of recent Dinan upgrades:

CLICK FOR DETAILS: 1998 BMW M3 Convertible on eBay

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