The E36 M3 has a curious reputation. Not quite a legendary track machine like its predecessor, the E30, and not quite a sublimely complete driver’s car like its successor, the E46, the E36 is the awkward middle child of the M family. Even BMW themselves seemed only half-heartedly committed to the car in America, choosing to offer it here with a less powerful engine than its European cousin. The resulting antipathy felt toward the car by some M-purists, who regard it as little more than a 328i with M-badging, has kept values low on these for quite some time. As a result, many of the used examples you find on Craigslist have been bought cheaply and thrashed, crashed or otherwise abused.
Still, they are very good cars – torquey, well-balanced and offering a dynamic driving experience. It’s always nice to come across a low mileage example in mint condition that has been kept in stock form. This convertible in stunning Techno Violet is such a car.