Update: This car sold for an impressive $48,500 on May 30, 2021.
Okay, I know it hasn’t been very long since I took a look at a few M3 coupes in Phoenix Yellow Metallic:
Double Take: 2004 BMW M3 Coupes
But today I had to come back with another. Late PYM coupes are a rare thing, and this one is spec’d in a pretty interesting configuration. Unlike a majority of the PYM cars that were more or less fully loaded, this one has no sunroof, gray leather upholstery, no Park Distance Control, and manual seats. Unlike the last pair it’s a manual, and it has under 60,000 miles. You can guess what all of these factors add up to in today’s market…
Phoenix Yellow Metallic could go down as the most polarizing color offered on an M3, ever. In fact, the only thing perhaps more hated than the color on this car (by some, it’s worth noting) is the optional SMG transmission offered at a substantial premium (a $2,400 option) on the E46 M3. Spoiler alert, trigger warning, notice of action – what have you – today’s duo of ’04 M3 Coupes are BOTH Phoenix Yellow Metallic and BOTH have SMG sequential manual gearboxes. Hey, I like a bit of controversy! And, since I own one just like it, I feel like I’m probably better equipped to weigh in than…say….all of the internet armchair warriors.
As for the percentage of U.S. Coupes ordered in PYM: 514 were bought out of 26,202, meaning your chance of running across one when new was only about 2%. Most of those were early examples as well; the color was phased out of the color pallet before the end of production, and along with a bunch of LCI changes that means you’re pretty unlikely to roll across a post-‘03.5 in PYM. So let’s take a look at this duo and see if either is a smart purchase:
A familiar face popped into my usual searches this week. It was a 2001 BMW M3 in Laguna Seca Blue. What stood out immediately were the wheels (okay, and the color); BBS CH and near faultless condition throughout pointed towards the example I looked at twice in 2014. Three years later, it’s still for sale and though the price has dropped, the seller is still looking for the best part of $60,000.
In the future, that price may not seem quite that outrageous. After all, finding a perfect condition, 10,000 mile M3 in one of the two signature colors isn’t something you come across everyday, right?
To say this has been a long time coming would be an understatement. You see, a small BMW was very nearly my first car some 20 years ago. As a teenager, I had dreamed of driving behind the wheel of a Roundel through many high school classes and once out, I carefully searched for just the right car for my first foray into the Bavarian realm. I had a pretty well established background, too – having grown up with a ’82 633CSi, ’85 635CSi, M5 and 735i 5-speed in the family. But, being a teen, I was not particularly well versed nor was I actually careful about what I looked at. What came up was a somewhat green 2002tii, and without being able to drive it or knowing enough to look under it, I put a deposit on it. When a car-dealer friend of mine came along with me to pick it up, the door of the car we arrived it hadn’t fully shut before he said “Carter, walk away.” The tii was full of rot and while it probably could have been salvaged and would have made a neat car for someone, it was nowhere near my budget level. A few weeks later he turned up with a then-9 year old Audi 4000CS quattro for around the same amount at the BMW, and my two-decade love affair with the Ingolstadt firm began. But BMWs have always been in the front of my mind, and someday I promised that I’d buy one.