1994 BMW M3 Euro-Spec – REVISIT

As I’ve said before, I usually try to stay away from regurgitation of material. However, there were a few reasons to look at this European specification M3 one more time.

I’ve recently featured a string of Canadian Edition E36 M3s with some sticker shock for fans of the traditionally affordable chassis. The first was a Hellrot model in August with a $35,000 asking price. That car, to my knowledge, failed to trade hands because though it was actively bid upon, the reserve was never lifted in the mid 20K range. The next stunner was the Individual Giallo car in September, which broke predictions at the $65,000 mark. I looked at another Dakar model in November hoping to capitalize on those high asks, with a reported sticker price close to $30,000. It, too, failed to break the reserve.

The traditional, and very valid, argument to paying high prices for these cars is that they’re essentially just a stock Euro model with a number attached to them. Why not just import a much cheaper and more plentiful example of those then? To that point I had twice looked at a non-Canadian Edition but European specification ’94.

This Mugello Red model originally came to our site in October, 2014. With about 83,000 miles and in generally good condition, it was certainly a unique and appealing alternative to the normal M3. It popped back up in June of 2016 with a few more miles, poor photography and a little more wear. It was also boldly offered with no reserve, though the auction ended with an “error in the listing”; eBay seller speak for the bidding not heading in the direction they were hoping.

Well, here it is again. This time, it is listed by the same seller as the Giallo car. It’s been cleaned up and has some great photography. Only a few thousand miles have been added since we originally listed the car. However, small items like the broken headlight haven’t been rectified. No additional maintenance is disclosed. It’s also interesting to me that the seller doesn’t note this as a rare “slicktop” no sunroof car – appealing to some. The photography and polish will cost you, as the asking price is nearly $23,000 this time around. That’s about what the similar mileage, similar specification Hellrot car bid to. Is it worth that much of a premium?

CLICK FOR DETAILS: 1994 BMW M3 Euro-spec on eBay

The below post originally appeared on our site October 12, 2014:

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1995 BMW M3 with 13,000 Miles

What is the price for perfection? We saw Andrew look at a perfect and near brand-new W220 S500 yesterday, but his cutting critique of that car was, as several people noted, spot on. It’s not a desirable model, nor is it one that is likely to be collectable anytime soon. For some time, the same was said of the E36 M3. However, quickly things are changing. Several high-priced examples have come to market recently that have investors questioning if the E30 is the go-to it was for the past two years. Most notably, we saw the one-off Giallo Canadian Edition ’94 M3 hit near $65,000. That car looked near showroom fresh, having only accrued 30,000 miles since new. Today’s example has only about one third of that:

CLICK FOR DETAILS: 1995 BMW M3 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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1994 BMW M3 Euro-spec – REVISIT

Hot on the heels of Craig’s Mugello Blue RS4 Cabriolet, I spotted this Mugello Red M3 that looked quite familiar. A 1994 model, it’s a full European specification 286 horsepower car, meaning it’s the E36 that you wanted but BMW decided was too expensive to import. Back in 2014 when I first looked at this car was it a reserve auction, but as of now the first bid at $12,500 will get it. The current seller has taken a gamble with the no reserve auction format, but no information provided means the buyer would also be rolling the dice if you didn’t have the earlier description we do below. With only 4,000 more miles accrued, this hotter M3 is in above average condition with below average mileage and quite desirable package overall that is very affordable.

CLICK FOR DETAILS: 1994 BMW M3 Euro-spec on eBay

The below post originally appeared on our site October 12, 2014:

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