Some cars clearly have interesting stories associated with them. A few of those stories are very compelling; cars that have lived their entire lives with a single owner who lovingly lavished gifts of unfettered maintenance and weekly detailings. Other times is a car which has somehow beaten the odds, appearing in completely original and untouched condition.
But more often than not the stories make you want to run away. Perhaps it is an accident history, lack of detail, or high price – whatever the case, there’s reason to be suspicious. With that in mind I consider today’s M3. What initially caught my attention, obviously, is the color. Phoenix Yellow Metallic was not a standard color on the E9X chassis, so finding one in that shade must mean that it was a BMW Individual car, right? Well, that would make this car very, very rare. There were a total of 865 Individual colors for the E9X, and of those only 2 are recorded to be Phoenix Yellow. That’s right, there are more E46 models painted Phoenix Yellow by BMW Individual after the color was discontinued in March 2005.
On top of that, the car has Fox Red leather. Now, that combination may not be for
anyone everyone, but it certainly makes this car pretty special. Mileage, while not very low, also wasn’t outrageous. To add to the positives, there’s a host of Dinan upgrades and even disclosed maintenance. For all you DCT haters, it’s a 6-speed manual, too. And then there’s the price – $26,000. This car is into the same price bracket as prime E46 models. So, what gives?
Looking for a subtle performance sedan? Today’s not your day.
You probably haven’t heard of iDing Power, because odds are that if you’re reading this you don’t live in Japan. And even if you’re an afficiando of M3s, you’d probably dismiss this particular car as a M3 GTR replica for the street like I did. But this car is far more than that, and much more interesting.
The M3 GTR launched in 1994, and the United States did (technically) see it in the form of the Prototype Technology Group-run team in IMSA race series. The same year in Japan, iDing Power revealed the plans for their turned-up E36 M3. They had acquired an early production second generation model; production started for the E36 M3 in February, 1992 – and the particular example you see here was produced on February 3, 1993. iDing then added a plethora of unique touches, from upgraded suspension, wheels and brakes, special interior items, and some body modifications. By “some”, of course it’s hard to look past the W201 190E-Evo inspired rear wing and massive tacked-on flares. iDing also took the S50B30 European motor, rated at 286 horsepower stock, and modified it to a claimed 330 horsepower. iDing widebodies are pretty rare finds, but even among them this one is particularly special. With only 7,600 miles on the odometer, this example appears to be the original prototype and test car:
Continuing on the theme of adding diverse tones to your life, BMW’s M3 has been traditionally one of the most colorful pallets in the Bavarian lineup. We saw the late shade of Fern Green on the late-model Convertible the other day. But fans of the E36 lust much more after the favorite “M3/4/5” model – the limited 1997-1998 3.2 sedan in manual form. It offered practicality and reportedly slightly lighter weight than the Coupe. And just like the Coupe and Convertible, it was available in all sorts of eye-catching shades. Today I have two of the most conspicuous: Techno Violet Metallic and the very limited Byzanz Metallic. Which is your favorite?
As they had with the first generation, with the E36 BMW continued the tradition of chopping the top off its curb-hopping M3 to alter the character of the model substantially. The resulting “BK” models are the least produced of the second generation. In European form, some 3,800 were produced with a bulk of them heading to England starting in 1996. The U.S. model began production as the model’s run came to a close; in March 1998, the first of what would become 6,269 U.S. spec 3.2 M3 Convertibles rolled off the production lines in Regensburg. That meant the M3 outlasted normal E36 production, as if you walked into a dealer you’d find the all-new E46 model being sold along side these topless M3s. As they came towards the end of production, most of these M3s came as well-equipped as the E36 was available, and options included forged M-Double Spoke wheels and a removable hardtop. Extra bracing went in to stiffen the chassis, which resulted in a 10% weight penalty and slower performance – but I’d wager that wasn’t on most buyer’s minds. Of the just over 6,000 models sold here, the majority – about 60% at 4,017 – were sold with the 5-speed automatic. So today’s example is already in the minority; a last year example, it’s also a 5-speed. But to push it just that little more over the top, it’s also in the rare shade of 386 Fern Green Metallic:
It’s only been a little over a week since I last looked at an E30 M3. A 297,000 mile example with extensive rebuild work, it brushed up against $40,000 in bidding in the no reserve auction.
Clearly, M3 mania hasn’t died down all that much.
Sellers have taken note; at any given time, there are a plethora of E30 M3s available on the market. Today’s search yielded no less than eight examples on eBay; average asking price? About $64,000. But that’s nothing compared to the nine that Enthusiast Auto Group have, including no less than five Sport Evolutions. If you have to ask….
But not many sellers are laying it out on the line. If the market really is plum crazy for these cars, why are more people not rolling the dice and taking market value? For example, if a nearly 300,000 mile example hits the best part of $40,000, what would a much lower mile example bring?
We’re about to find out.
Speaking generally, there aren’t too many new cars that cross the pages of this site. It’s even somewhat rare for us to breach the decade-old mark; that’s the point where really nice used examples of our favorites start to become hard to locate. And, frankly since anyone can walk into a dealership, sign a few papers and walk out a lot lighter but with any specification car they can afford, the older metal is typically what draws our (and, hopefully, your) interest.
But once in a while something pretty special comes along, from a 911R to this car. The fifth generation F80 M3 has taken a huge leap forward in complexity, technology and performance. The S55 twin-turbocharged inline-6 is an absolute tower of power; while ultimate horses didn’t increase much version the E9x S65 V8 (425 versus 414), the torque was the big news. It was in part the final number – 410 lb ft., up an amazing 90 over the V8, but it was also the reality of when you could use that torque. The S65 developed peak twist at just shy of 4,000 rpms; the S55 does it at 1,850. Not only that, but the torque curve is billiard table flat until 5,500 rpm. The result, despite the heavy weight stature of the new gigantic F80, is astonishing speed.
By itself, the F80 M3 is a force to be reckoned with. However, this particular M3 is just that bit more special, as it was handed over the group at BMW Individual and painted in E46-signature Laguna Seca Blue:
I believe this is the perfect counterpoint to yesterday’s 968 Coupe. The recipe is much the same, though the result is even more legendary. But what I find so interesting in considering these two cars is not how similar they are, but indeed their opposites. Unlike the 968, this M3 was driven with aplomb, eclipsing nearly 300,000 miles so far. It’s not a particularly special color combination; Diamantschwarz Metallic (181) over Black leather is pretty standard though admittedly it looks very nice. It wasn’t unusually specified, as it carries the normal assortment of M3 options; air conditioning, sunroof, cruise control and electric windows. While yesterday’s 968 was basically factory fresh, obviously with the amount of miles on this chassis, to look anything like the photos it’s had to go under the knife and from the inside out this M3 has been thoroughly rebuilt. But the real tell will be what the hammer falls for in two days. While the immediate reaction of many to yesterday’s 968 was that it was heavily overvalued in asking price, I’m curious to see what the reaction to the bidding on this M3 – already at $28,200 at time of writing – is:
EDIT 8/10/2017 – IT’S BACK! Now with a $58,900 asking price, according to Hunting Ridge Motor’s site. With prices on the rise when the right combinations appear on these E46s, it will be interesting to see when and what amount it finally sells for.
EDIT 7/25/2014: with a few well placed seeds and some research, it appears that this car is the same one as the 10,000 mile M3 I wrote up in May here. That makes the asking price and modifications all the more puzzling. Thanks for the interest and sorry that I didn’t catch it the first time around!
What is the price for perfection? What would you be willing to pay for a brand new example of the car you love? There are certainly a lot of people who love the E46 M3 including me. I really think it was a high point of design for BMW; those sweeping arches, the delicate lines in the hood, the hunched, angry stance – it’s perfect, and best of all, it’s relatively affordable still. But many have already begun to fall into disrepair, and of course when you’re buying an older car you’re subject to what comes to market and managing repairs, restoration and asking price. But what if the car was effectively brand new? Chances are everyone would say “Sign me up!”, especially if that car was in one of the most sought after color combinations. They would, that is, until they saw the price tag:
While you’re no doubt familiar with the great lament of the de-tuned E36 M3 and the inflated price of the very limited Lightweight model, Europe enjoyed a full spectrum of Motorsport performance. One of the potent additions to the lineup was that of the M3 GT. Intended to homologate racing bits and aerodynamic tweaks for the E36, 350 limited BF99 examples were produced in early 1995. The motor was turned up to 295 horsepower with hotter cams, special oil pumps and Motorsport oil pan and revised computer controls. They also had stiffened and lowered suspension, a strut brace and a 3.23 final drive. Outside new spoilers front and rear increased downforce, and like the Lightweight the GT wore the M forged double spoke staggered wheels. Harder to spot were the aluminum doors the car wore to help keep weight down. All were painted 312 British Racing Green and featured Mexico Green Nappa leather interior with Alcantara bolsters, special Motorsports badging and carbon fiber trim.
They’re a very special and rarely seen variant of the E36 M3, and increasingly in this collector market that means a higher asking price:
The first BMW to arrive in our family was an Arctic Silver E36. My dad bought the 318iS coupe from the British telecom giant he worked for, some time toward the end of the 90s. It was a manager’s company car and after three years serving on the fleet it was to be sold off. Ever since then, I’ve always enjoyed seeing arctic silver paint on this generation 3-series. Despite articles proclaiming that silver is the new beige, I think the color really suits the clean, crisp lines of the “dolphin” body shape. But the paintwork isn’t the only thing to admire about this particular car – an M3/4/5 (a four door, five speed M3). The sedan version of the E36 M3 is as fast and finely balanced as the coupe, but adds the practicality of two rear doors. A pocket rocket for those with a family to cart around, these cars are fun and practical, even if they are notably down on power in comparison with their Euro-spec counterparts.